socalTECH
NOVEMBER 6, 2014
In a major Los Angeles area layoff, daily deals and offers service LivingSocial is closing a sales facility in Torrance, and cutting 400 employees throughout the company, as part of a restructuring. The company said the moves comes as it shifts away from a daily deal towards an online marketplace. READ MORE>>.
socalTECH
FEBRUARY 23, 2018
Torrance-based Physical Optics Corporation (POC), a military, defense, and security integrator, said this morning that it has spun off a new company called Intellisense Systems, Inc. According to POC, Intellisense Systems will also be based in Torrance, and will employ 83 people, with $24M in revenues.
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socalTECH
NOVEMBER 12, 2020
Torrance-based CarParts.com , which operates an online marketplace for car parts, said this morning that it has added a new member to its board of directors. The company said that it has added Dr. Lisa Costa, Chief Information Officer at the U.S. The company said Costa oversees a $1.2 The company said Costa oversees a $1.2
socalTECH
FEBRUARY 20, 2020
As part of the funding, the two said that Alger, BVF Partners LP and OrbiMed have entered into a securities purchase agreement to invest $14 million in the combined company. The merged company will focus on Forte's late-stage clinical program for treating atopic dermatitis. READ MORE>>.
socalTECH
OCTOBER 12, 2016
Torrance-based Phenomenex , a manufacturer and distributor of consumables for the life sciences market, said today that it has been acquired by Danaher Corporation. Phenomenex will remain in Torrance, and continue operating under its current brand, personnel, and site locations. READ MORE>>.
socalTECH
FEBRUARY 13, 2018
Torrance-based Phyn , the developer of the remarkably advanced water monitoring technology spun out of Belkin, said today that it has raised another $10M in funding, from current investor Uponor. According to Phyn, the new investment will go towards market penetration and to scale the company's operations. READ MORE>>.
socalTECH
JUNE 12, 2018
Torrance-based Phyn , a startup which is bringing a high tech, whole home water usage and monitoring system to market, is announcing today that it has named Mariel Devesa as Global Head of Business Development. Uponor is also a major investor in Phyn, which was originally spun out of Belkin.
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