Tue.Sep 20, 2016

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Wpromote Launches Scholarship For Students In Digital Marketing

socalTECH

Los Angeles-based digital marketing agency Wpromote said on Monday that it has launched a new set of scholsrships, which will go to students interested in digital marketing. According to Wpromote, the new scholarships--which will be awarded bi-annually--will total $3,000, with the first award in December of this year. The company will award a $1500, $1000, and $500 scholarship to students who are in high school, undergraduate school and graduate school, and are open to students of all majors and

Marketing 165
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Van Toffler’s Digital Studio Gunpowder & Sky Acquires FilmBuff.

L.A. Business Journal

Gunpowder & Sky, Van Toffler and Floris Bauer’s recently launched digital content studio, announced today that it has acquired independent content sales and distribution company, FilmBuff. Terms of the deal were not disclosed.

Content 132
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Fika Ventures Seeks $50M For New Venture Fund

socalTECH

Los Angeles-based Fika Ventures , founded by Tx Zhuo and Eva Ho , is looking to raise a total of $50M for a new investment fund, according to a pair of regulatory filings by the firm in the last week. The new firm has two separate filings for a $38.5M fund, Fika Ventures LP, and $11.5M for Fika Ventures - A LP. The firm has not detailed any plans on the new investment fund or its focus.

Funding 155
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This Startup Hacked LinkedIn To Recruit Customers & Reduce Churn

InfoChachkie

A version of this article previously appeared in Forbes. Businesses typically use LinkedIn to recruit employees. However, savvy startups can leverage LinkedIn to create a customer acquisition and a churn reduction tool. In particular, one of Rincon Venture Partner’s portfolio companies, SimpleLegal, has had so much success mining LinkedIn for customers that the CEO was initially reluctant for me to name his company in this article, fearing his competitors will mimic their common sense, yet cleve

Custom 118
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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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DTS Acquired By Tessera Technologies For $850M

socalTECH

Calabasas-based audio technology developer DTS is being acquired by San Jose-based Tessera Technologies , in a deal worth approximately $850M in cash, the companies announced today. According to the two companies, Tessera will acquire DTS by paying $42.50 per share in cash, which is a 28 percent premium to the 30-day volume weighted average price of DTS.

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Silicon Beach Report Sept. 20: TX Zhuo and Eva Ho Raising $50M for Fika Ventures

L.A. Business Journal

TX Zhuo and Eva Ho raising $50M for Fika Ventures, Gamblit Gaming to add gambling to virtual reality game, Tinder adds music matching from Spotify to profiles, and more.

Report 109

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Cornerstone OnDemand Wins ResCare

socalTECH

Santa Monica-based talent management software developer Cornerstone OnDemand announced today that it has scored a win with ResCare, which the company says is the nation's largest provider of services to people with disabilities. Financial impact of the win were not disclosed. Cornerstone OnDemand said that ResCare will use its software to hire and train thousands of employees each year.

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Greenwave Systems Acquires Predixion Software

socalTECH

Irvine-based Internet-of-Things (IoT) software developer Greenwave Systems announced this morning that it has acquired Aliso Viejo-based Predixion Software. Financial terms of the acquisition were not announced. Greenwave said the acquisition will help it enhance its platform with real-time, visual analytics, and also help it bolster its industry talent and team.

Software 125
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The Trade Desk Bumps Estimated IPO Pricing Range

socalTECH

In a sign that reception to the company's IPO is going well, Ventura-based The Trade Desk said in a regulatory filing on Monday that it now expects its initial public offering price to be between $16.00 and $18.00 per share. The new estimated IPO range is significantly above its earlier estimate of $14.00 and $16.00 per share. The Trade Desk has applied to list on the NASDAQ Global Market as TTD.

Pricing 125
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Wildfire At Vandenberg Air Force Base Might Affect SpaceX Payload, Launchpad

socalTECH

A wildfire, which broke out on Saturday at Vandenberg Air Force Base , in Lompoc, California, grew to more than 10,542 acres as of early Tuesday morning, and was raging near both the launch pad and payload preparation areas for an upcoming SpaceX mission. SpaceX--which already has launch pad issues in Florida, due to the unexplained explosion of a SpaceX Falcon last month--has a launchpad at Vandenberg for flights.

SpaceX 109