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Canvassing of Art Website Yields $36 Million Deal

L.A. Business Journal

Israeli web development company Wix said last week that it had purchased popular West Hollywood-based online artist platform DeviantArt for $36 million, including $3 million in assumed debt.

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Orbitera Gets $2M For Cloud Billing, Sales

socalTECH

West Hollywood-based Orbitera , a developer of a cloud-based software product to help companies the sales of cloud-based software and services, including managing leads, trial subscriptions, billing, and operations, has raised $2M in a seed funding round. The company disclosed the funding Thursday. READ MORE>>.

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CityGrid Media Launches APIs

socalTECH

West Hollywood-based CityGrid Media , the unit of IAC which operates CitySearch, Insider Pages, and Urbanspoon, said Thursday that it has rolled out three new advertising APIs for developers. The new APIs allows any developer to build and display ads from CityGrid's inventory of ads from local businesses. READ MORE>>.

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CityGrid Media Buys BuzzLabs

socalTECH

West Hollywood-based CityGrid Media , the unit of IAC formerly known as CitySearch, said today that it has acquired BuzzLabs , a social media monitoring and sentiment analysis software developer. CityGrid Media operates the Citysearch, Insider Pages and Urbanspoon web sites. Financial terms of the deal were not announced.

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Citysearch, IAC Looks To Contest For Business Ideas

socalTECH

West Hollywood-based Citysearch , the local reviews and directory service of IAC, has taken an unusual approach to finding its next business idea: it's running a contest which asks its users to submit a "brilliant" idea for web and mobile applications. The companies said the deadline for entries is July 17th.