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LivingSocial Shuts Torrance Facility, Cuts 400

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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>>.

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ISSC Acquired By Microchip Technology

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ISSC Technologies Corporation , a Taiwanese Bluetooth technology developer which has operations in Torrance, California, has been acquired by semiconductor and microcontroller company Microchip Technology , the two announced today. Microchip said it would pay approximately $328.5M

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Phyn Taps Into $10M More For AI-Powered Plumbing Monitoring Device

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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>>.

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LiveOffice Names CFO

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Torrance-based LiveOffice , the provider of cloud-based email archiving and compliance services, said today that it has named Matt Hardy as the firm's new Chief Financial Officer. Hardy has previously served at Digital Insight and Credit Suisse, among other companies.

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LiveOffice Connects Into Salesforce.com

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Torrance-based LiveOffice , the developer of cloud-based email archiving and compliance services, reported today that it has connected its product with Salesforce.com. LiveOffice said it has announced a new, LiveOffice Outlook Email Connector, which allows users to view email, attachments, and Chatter posts within Salesforce.com.

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Pictage Shifts To Monthly Subscriptions

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Torrance-based Pictage.com , which operates an online service for helping professional and wedding photographers market and sell their photos, announced today that it has opened up new monthly subscription plans for the service. a month plan featuring different product options, services, and support. READ MORE>>.

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LiveOffice Adds Social Networking Support

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Torrance-based LiveOffice , the provider of email archiving, compliance, and backup services, said yesterday that it has linked with SocialWare , a provider of software for connecting companies to social networking sites. AdvisorMail is used by companies to monitor compliance with SEC and FINRA regulations. READ MORE>>.