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Green Dot Acquires Loopt

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Monrovia, California-based Green Dot , the prepaid debit card provider headed by Steve Streit, said this morning that it has acquired Silicon Valley mobile social networking firm Loopt. Green Dot said it will pay $43.4M in cash for Loopt, which will become its Silicon Valley hub for its mobile technology and product development team.

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Tanner Expands Sales Efforts In China

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Monrovia-baesd Tanner EDA , the developer of mixed signal electronic design automation software, said today that it has expanded its presence in the Chinese market, and has signed up a new sales and support partner. The firm said NewPlus will be the first line of contact for local customers. READ MORE>>.

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Green Dot Shares Hit By Amex, Walmart Deal

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Monrovia-based prepaid card provider Green Dot was being battered in the markets this morning, after Walmart and American Express announced a deal to create a new, prepaid card called Bluebird. Walmart and Amex said the new, reloadable prepaid card will have no monthly, annual, or overdraft fees and be distributed via Walmart's stores.

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AeroVironment Wins Ford For Plug-In Electric Vehicle Charging

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Monrovia, California-based electric vehicle charging developer Aerovironment has added a big new customer for its charging station installation service today: Ford Motor Company.

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Telscape Communications In Recap

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Monrovia-based Telscape , a competitive local exchange carrier (CLEC) and wireless service provider serving the Hispanic market, has been recapitalized, according to investment bank Gemini Partners. Financial details of the recap were not disclosed by the firms.

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Interview with Jonathan Cooper, ATMCASH

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Ever since the huge success of Monrovia-based Green Dot in its IPO last year, netting a huge return for local angels, investors here have taken a second look at financial startups. Customers can send money online or via their phone. What is ATMCASH? Jonathan Cooper: ATMCASH represents the next generation of money remittance companies.

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