Thu.May 03, 2018

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Have you made the mistake of hiring too soon?

Berkonomics

Well, you may not be alone. Many executives and managers have made the mistake of using the financial and sales forecast to plan and execute hiring of new employees – so that they could be trained and up to speed when the demand arrives. The balance between preparedness and cost. Although hiring early does add to overhead by bringing employees aboard before they. become economic contributors to the bottom line, there is much to be said about consistent or improved service quality by having

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Ticket OS Acquired By Entertainment Benefits Group

socalTECH

Los Angeles-based TicketOS , a developer of a software platform that helps organizations automate the management of such entertainment assets as corporate entertainment suite inventory, entertainment and sports tickets, corporate hospitality, and other assets, has been acquired by Miami-based Entertainment Benefits Group (EBG). EBG is a provider of technology to power B2B and B2C.

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Silicon Beach Networking Mixer at The Room (Free Drinks)

SoCal Tech Calendar

Wednesday, May 9, 2018 -- Silicon Beach Networking Mixer at The Room (Free Drinks). Wednesday, May 9th Starting at 6pm! Drinks, Presentations, and Networking! Meet new people and participate in lively discussions with outstanding names in the Silicon Beach community. Make sure to bring your business cards and be ready to make awesome connections with people across all industries.

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OpenX Expands Executive Team

socalTECH

Los Angeles-based OpenX , which develops advertising technology, in addition to running its own ad exchange, said this morning that it has named three new executives. The company said it has named Sophia Chung as Vice President of product, Roy Firestone as Senior Director of Product, and Treven Ho as Senior Product Manager. Chung, who will be responsible for OpenX's mobile app development initiatives, was previously at AdColony, and also served at YP.com.

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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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Silicon Beach Report May 3: Hulu Hits 20 Million Subscribers

L.A. Business Journal

Hulu hits 20 million subscribers; eHarmony data scientist hired by Facebook; On-Demand car wash coming to Los Angeles.

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Caltius Equity Partners Backs Health Payment Systems

socalTECH

Los Angeles-based private equity investor Caltius Equity Partners said late Wednesday that it has made a "significant" investment in Health Payment Systems , a developer of healthcare technology and services. Size of that investment was not announed. HPS is based in Milwaukee, Wisconsin, and helps health care providers and health insurance companies with healthcare billings and payments.

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Semtech Acquires IC Interconnect

socalTECH

Camarillo-based analog and mixed signal semiconductor maker Semtech Corporation announced this week that it has acquired substantially all of the assets of IC Interconnect , a developer of contract wafer bumping and other related services for the semiconductor industry. Semtech said it would pay approximately $7M in cash plus assumed certain obligations for IC Interconnect.

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Washe Raise $3.5M To Expand On-Demand Car Washes In LA

socalTECH

On-demand, car wash startup Washe , which lets users connect with professional mobile car washers, said this week that it has raised $3.5M in a seed funding, to help it to "greatly expand" its operation sin Los Angeles, as well as expand into other new markets. The Boca Raton, Florida-based startup said the lead investor in the round was Ron Zuckerman, a technology entrepreneur and investor.

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Report: Facebook's New Dating Features Driven Out Of LA, By eHarmony Veteran

socalTECH

A report today from TechCrunch said the new dating features announced this week by Facebook are being developed in Los Angeles, by former eHarmony Chief Scientist Steve Carter. According to the report, Carter helped design the psychometric and relationship models that became the basis of eHarmony. It's unclear how large of a team Facebook has working on those features in Los Angeles, however, the city is the home to a large number of companies developing online and mobile dating apps and service

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Endologix Names New CEO

socalTECH

Irvine-based Endologix , which develops treatments for aortic disorders, said on Wednesday that it has named John Onopchenko as the company's new Chief Executive Officer. Onopchenko had been the company's Chief Operating Officer since October of 2017. He previously had been EVP foR Acutus Medical, and also served at Volcano Corporation, Philips, and Johnson & Johnson, among what the company says is almost thirty years of experience in the medical devices area.

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