Tue.Jul 18, 2017

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Syneron Candela Goes Private In $400M Deal With Apax

socalTECH

Irvine-based aesthetic medical device developer Syneron Medical announced late Monday evening that it has become a private company, in a $400M go-private deal with Apax Partners. According to Syneron Medical, funds advised by Apax Partners paid $11.00 per share in cash for the company. The deal had originally announced on April 3rd. As part of the go-private deal, Syneron said that Geoffrey Crouse has been appointed CEO of the company, and also has joined its board.

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Silicon Valley Meets Hollywood

SoCal Tech Calendar

Monday, July 24, 2017 -- Silicon Valley Meets Hollywood. Global Ventures Summit Pre-Event Mixer. Connect with the founders of the Global Ventures Summit with special guests from Silicon Valley's venture capital funds and LA's social media influencers.

Hollywood 100
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Rubicon Project Buys nToggle

socalTECH

Los Angeles-based online advertising exchange operator Rubicon Project has acquired programmatic advertising technology developer nToggle , in a deal worth $38.5M in cash. The deal was completed on July 14th, according to Rubicon Project. Rubcion Project said the technology developed by nToggle will be made available on Rubicon Project's platform in the coming months. nToggle was based in Boston, Mass.

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Silicon Beach Report July 18: Rubicon Project Buys nToggle for $38.5 Million

L.A. Business Journal

Rubicon Project buys nToggle for $38.5 million, artificial intelligence startup Oben raises $5 million and Snap Inc. begins selling Spectacles on Amazon.

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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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Who's In Southern California's Unicorn Club?

socalTECH

The list of technology startups in Southern California who are "unicorns"--valued at more than $1 billion--surprisingly, might not be who you think, and in the sectors you might expect. A look at the companies who are private, backed by venture capital, and are valued at more than $1 billion across Southern California -- from San Diego to Los Angeles to Santa Barbara -- is an interesting contrast in the wide range of types of technology companies across the region.

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Veni, Vidi, Vinti: What Internet Pioneer Vint Cerf Sees in San Diego

Xconomy

The Internet pioneer Vinton Cerf came to San Diego recently on an unusual quest—to meet with dozens of local technology leaders and assess what the region has to offer in terms of innovation. The visit was unusual in part because of Cerf himself. As a co-designer of the basic protocol for transmitting data packets over the Internet, Cerf has attained a kind of elder statesman status in the tech industry.

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Cubic Buys Deltenna

socalTECH

San Diego-based Cubic Corporation said this morning that it has acquired Deltenna Limited , a Chippenham, United Kingdom-based wireless infrastructure company, which designs and delivers radio and antenna communications solutions. According to Cubic, it will use the acquisition of Deltenna to enhance its tactical communications and training capabilities.

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ObEN Raises $5M From Tencent

socalTECH

Pasadena-based ObEN , the developer of artificial intelligence software led by Nikhil Jain, said this morning that it has raised $5M in a strategic funding round, led by Tencent Holding. According to ObEN, the funding also included Li Ruigang, Chairman of CMC and Fengshion Capital. ObEN said it has now raised a total of $13.7M in funding for its efforts to create "personal AI" software.

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Floravere Aims To Fill Gap Left By Bridal Firm's Bankruptcy

socalTECH

Los Angeles-based online wedding dress startup Floravere , which offers up wedding dresses via its online site, it hoping to take advantage of the sudden bankruptcy of a more traditional competitor this week. According to Floravere, it will be offering up free dresses from its last collection to brides who had purchased, but not received their gowns from bankrupct bridal firm Alfred Angelo Bridal.

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Snap Inc.'s Spectacles Now On Amazon

socalTECH

Have you been pining for your own Spectacles from Snap Inc. since they launched in November only selling them from disappearing vending machines? Never got a chance to run to Snap's bricks and mortar store in Venice? Never bothered to order one directly from Snap? Well, you can now buy those same Snapchat Spectacles from Amazon.com , for $129.99. READ MORE>>.

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Valeant Pharmaceuticals To Sell Off Obagi Medical For $190M

socalTECH

Valeant Pharmaceuticals said on Monday that it is selling Irvine-based Obagi Medical Products , in a deal worth $190M in cash. Valeant is selling Obagi, which makes skin care products, to Haitong International honghua Finance Acquisition Fund I. Valeant said the sale will "streamline our operations and reduce debt". Valeant paid $344M for Obagi Medical back in 2013.

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SendGrid Plans Expansion In Orange County

socalTECH

SendGrid , which provides email delivery services for such companies as Airbnb, Spotify, Pandora and Uber, said this morning that it is planning a major expansion in Orange County. The company said that the expansion--part of an overall expansion in California--includes a new lease for a 22,000 square foot office in Irvine. The company said it hopes to be able to accommodate more than two times its current number of California employees over time, split between that office in Irvine and one in R