Wed.Apr 13, 2016

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Demand Media Unloads Cracked For $39M

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Santa Monica-based Demand Media has sold Cracked , its online humor site, to the E.W. Scripps Company , in a deal worth $39M in cash, the companies said late Tuesday. According to Demand Media, the move will give it a "more focused portfolio of businesses", and also "significantly" strengthen its balance sheet. Demand Media acquired Cracked in 2007.

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7 Reasons For Startups To Maximize Early Visibility

Startup Professionals Musings

It’s still popular these days for startup founders to operate in stealth mode, meaning no details about the idea or progress are shared with anyone until the big reveal and rollout. The common reason given is that this prevents any competitor from stealing their idea and beating them to market. In my view, this paranoid approach costs them much more than the risk of being open.

Startup 60
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Jacobs Buys Cybersecurity Firm The Van Dyke Technology Group

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Pasadena-based engineering firm Jacobs Engineering Group said Tuesday that it has acquired The Van Dyke Technology Group , a 180-person cybersecurity firm. Financial details of the acquisition were not announced. The Van Dyke Technology Group is based in Maryland, and provides its cybersecurity services for the U.S. Intelligence Community and for classified government networks.

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mPulse Mobile Ups Funding To $13M

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Los Angeles-based mPulse Mobile , which develops mobile healthcare software, has upped its recent funding round to $13M. The company--which announced the first tranche of a Series A in January, worth $10M--said the new funding came from Cambia Health Solutions and Rincon Venture Partners. The first tranche came from HLM Venture Partners, OCA Ventures, Merrick Ventures and Jumpstart Ventures. mPulse Mobile is led by Chris Nicholson, and develops software to help remind people about appointments,

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Can You Ask for Office Rent Relief? How to Manage Your Lease During COVID-19

Office leases are one of companies’ largest expenses, and if your whole team is working from home with no clear end in sight, you may be wondering what to do about your lease.

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LRES Buys InsideValuation

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Orange, California-based LRES , a provider of real estate appraisal management and property valuation services and technology, said Wednesday that it has acquired InsideValuation , a company providing commercial and residential property evalutaions. Financial terms of the acquisition were not announced. InsideValuatio nwas based in Reno, Nevada. READ MORE>>.

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CoreLogic Swizzles CFO

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Irvine-based property information provider CoreLogic has named a new CFO, saying that it has appointed James L. Balas to its top finance position. Balas had been serving as Senior Vice President Finance, Controller, and Principal Accounting Officer at CoreLogic since 2012, and had been at the company since March of 2011. Balas replaces former CFO Frank Martell, who had been CFO since August of 2011.

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Maxwell Technologies Sells Microelectronics Product Line

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San Diego-based Maxwell Technologies has sold off its microelectronics product line, in a deal worth $21M in cash, the company said Tuesday. Maxwell said it is selling its microelectronics product line to Data Device Corporation, a subsidiary of ILC Industries; the deal includes all assets and certain liabities related to that line of products. Maxwell Technologies is a developer of energy storage devices based on ultracapacitors.

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Teledyne Buys Quantum Data

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Thousand Oaks-based Teledyne Technologies announced this morning that it has acquired the assets of Quantum Data , a provider of electronic test and measurement instrumentation, particularly in the area of video protocol analysis. Financial details of the transaction were not announced. Quantum Data is base in Elgin, Illinois, and will join Teledyne's test and measurement subsidiary, Teledyne LeCroy.