Fri.Apr 14, 2017

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RadPad Ordered to Pay $60.5 Million Judgment to Craigslist

L.A. Business Journal

A final $60.5 million judgement was issued against RadPad Inc. after the upstart was found liable for unlawfully scraping apartment listings and spamming users of rival Craigslist Inc.

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TriTech, NASA In Economic Development, Technology Transfer Agreement

socalTECH

TriTech Small Business Development Center (SBDC), which provides consulting and training to high tech entrepreneurs, and NASA Armstrong Flight Research Center , in Edwards, California, are in a new economic development, technology transfer, and research relationship, the two announced on Thursday. According to the two, the deal is part of an effort to create a "new business model to spur economic development.

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Silicon Beach Report April 14: RadPad Ordered to Pay $60.5M Judgment to Craigslist

L.A. Business Journal

RadPad ordered to pay $60.5 million judgment to Craigslist, Hulu opens 500 employee service center in Texas, and in possible win for SpaceX, NASA may rely on commercial partners for Mars trip.

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Tocagen Rises In IPO Debut

socalTECH

San Diego-based gene therapy developer Tocagen rose in its IPO this morning, after pricing at $10.00 per share last night in its initial public offering. Tocagen was trading up around 24% in morning trading, at $12.45 per share, after its debut on the NASDAQ Global Select Market as TOCA. Tocagen is developing clinical-stage, cancer-selective gene therapy products.

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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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Can Robots Help Humans Get in Gear?

L.A. Business Journal

Embodied engineers robots to help human patients get with their health programs.

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Meed Links With Oracle

socalTECH

Santa Monica-based Meed , a developer of financial technology and banking applications, said late Thursday that it has linked up with Oracle , to deliver its digital financial services to banks worldwide. Meed said it will integrate with Oracle's Digital Banking Experience (OBDx) solution. Financial details of the deal were not disclosed. Meed said that, so far, it has launched its applications in Vietnam, and already has signed up over 300,000 users in that country after a launch in November; t

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TaskUs Expands In Texas

socalTECH

Los Angeles-based business process outsourcing provider TaskUs is in another big expansion, this time in Texas, saying it plans to hire more than 500 employees in San Antonio, in a new, 32,000 square foot space in that city. TaskUs also announced an expansion in Santa Monica earlier this month, to a new space at the Santa Monica airport. On the negative side, TaskUs said that it's two founders, Bryce Maddock and Jaspar Weir, are both moving to Texas as part of the new expansion.

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Bio Roundup: CRISPR Appeal, Bristol Deals, Stock Pumping & More

Xconomy

It may have been a short holiday week, but there was plenty of news on the CRISPR front. In the ongoing battle for rights to the landmark gene editing technology, the faction led by the University of California appealed the U.S. decision in favor of the Broad Institute. Elsewhere, Bristol-Myers Squibb flipped assets, a top dealmaker made an unexpected tack into the perilous waters of Alzheimer’s drug development, and the SEC cracked down on stock pumping schemes.

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Broadvoice Buys XBP

socalTECH

Los Angeles-based Broadvoice , a provider of unified communications (UC), voice, and SIP trunking services for businesses, has acquired Tustin-based XBP , the companies said late Thursday. Financial details of the acquisition were not announced by the companies. Broadvoice said that XBP's entire workforce will join the company as part of the acquisition.

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8 Principles For Building A Competitive Core Business

Startup Professionals Musings

Many new business owners I know have learned the hard way that you can never be everything for everyone. As a startup, you need to use your limited resources to excel at a few core things for your best customers, in order to stand out and get the momentum going. Focus on a few key principles is the key to success, and it takes discipline and determination to make this happen.

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Hulu Opens Up Customer Service Site In Texas

socalTECH

Los Angeles-based streaming television- and video-provider Hulu has selected San Antonio, Texas, as the site for a new customer service center, the company said on Thursday. Hulu said it will hire 300 people by the end of 2017, and another 200 in 2018, as part of the new "viewer experience headquarters" in Texas. Silicon Beach companies appear to be been using Texas as a convenient, low cost area for their customer service operations: this week, Santa Monica-based TaskUs also said it is opening

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Keysight, Ixia Clear Final Regulatory Hurdles, Deal To Close On Tuesday

socalTECH

Keysight Technologies and Calabasas-based Ixia announced Thursday afternoon that they have cleared the final regulatory hurdles over Keysight's acquisition of Ixia, and now expect the deal to close on April 18th. The company said it received clearance under the antitrust laws of Russia, Germany, and Israel, in addition to clearance under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 here in the United States.

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