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Ticketmaster Buys Blockchain Startup, Upgraded

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Los Angeles-based Ticketmaster said this morning that it has acquired a blockchain startup, UPGRADED. UPGRADED develops blockchain software which aims to convert traditional tickets into digital assets, combined with dynamic, encrypted barcodes Ticketmaster says prevent fraud often associated with paper or PDF-based tickets.

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LA Group Launches Effort To Promote Technology Corridor In Los Angeles

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What's the best way to encourage development of the technology industry in Los Angeles? The group said that it is hoping to promote the path of the current Expo line as a new technology corridor, to create new "innovation hubs" along the corridor.

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Bridg Names Chief Product Officer

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Horowitz previously served at Ticketmaster / Live Nation, managed producta at Google, and also advised such startups as Applied Semantics, Fetch Technologies, and Abot Labs. Bridg develops customer relationship management and marketing software specifically for restaurants and retail brands.

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BlackLine Systems Names New CTO

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Los Angeles-based financial software developer BlackLine Systems said today that it has hired a new, Chief Technology Officer. He also has served at such companies at Stamps.com, Citysearch/Ticketmaster, and TCI/AND Interactive and Packard Bell. According to the enterprise software company, it has named Alain Avakian as its CTO.

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Ciena Solutions Acquired By NetSol Technologies

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Los Angeles-based Ciena Solutions LLC, a provider of SAP integration management services, has been acquired by NetSol Technologies. NetSol, which provides business outsourcing and enterprise application development, did not disclose financial terms of the buy. NetSol Technologies is based in Emeryville, California.

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Privlo Raises $2.1M For Private Mortgage Marketplace

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Slavin was previously a developer of real estate in the Los Angeles area, and according to the firm is a managing partner at private equity firm Napias Group. According to Privlo said the new funding will go to expand on its recently pilot of its platform, which helps match up private lenders and mortgage borrowers. READ MORE>>.

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Outbox Enterprises Takes On Electronic Ticketing, Backed by AEG

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AEG , Cirque du Soleil , and Outbox Technology said this morning that they have launched a new, electronic ticketing joint venture, Outbox Enterprises. The firm said it will be jointly run by Jean-Francoys Brousseau, owner of Outbox Technology, and former Ticketmaster CEO Frederic D.