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EdgeCast Doubles Revenues, Tops 225 Employees

socalTECH

The firm provides edge network services to help deliver content from such customers as Twitter, Pinterest, Sony, and Hulu to end users. EdgeCast has announced only a total of$20M in funding, from Menlo Ventures and Steamboat Ventures. READ MORE>>.

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Kofax Buys Kapow Technologies

socalTECH

Kofax said the acquisition will help grow its sales organization and accelerate its software revenue growth. Kofax said that Kapow''s customers include such companies as Astra Zeneca, Audi, Commerzbank, Deutsche Telekom, Fiserv, Thomson Reuters and Zurich Insurance Group. Kofax said it will acquire Kapow for $47.5M READ MORE>>.

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GameSalad Improves Support Tools

socalTECH

GameSalad explained that it has launched a new "GameSalad Cookbook" which will help users better use its GameSalad Creator software, searching for questions and answers on the software. GameSalad also has improved its contact forms and customer support and bug handling.

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Passenger Gains $7.5M More

socalTECH

The round came from Shelter Capital Partners, StarVest Partners, and Steamboat Ventures, all existing investors in the firm. Passenger's private social networking communities are used by companies to gain insight into their brands, get customer feedback, and to help market their products. in an investment. READ MORE>>.

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Passenger Wins Microsoft

socalTECH

Los Angeles-based Passenger , which develops private, online communities for brands to help them gain insight into their customers, said today that Microsoft Corp. Passenger provides brands with online customer input sites, and its clients also include such firms as JC Penney, Coca-Cola, Mercedes-Benz, and Fox. READ MORE>>.

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Why The Growth Of The Internet Is Driving EdgeCast's Revenues

socalTECH

The company--which is in the business of operating a content delivery network (CDN) to accelerate the delivery of web graphics, multimedia, applications, and more to end users-- recently disclosed it more than doubled its revenues in 2012, and has grown to over 230 employees--all due to a huge amount of demand for CDN services by its customers.

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This Week in Venture Capital – Episode 4

Both Sides of the Table

Here’s why that is important: when users are on your website you want to convert them to become paying customers. It’s true that the carrier then gets their huge slice for being the billing and payment engine but the idea is that you as a website more than make up for this in terms of customer conversion. 7mm in Series B.