L.A. Business Journal
AUGUST 11, 2017
NantHealth Inc. announced plans Thursday to lay off about 300 of its staff and sell its provider and patient messaging platform to Allscripts in a move that it expects to save the company more than $70 million annually, according to a filing with the Securities and Exchange Commission.
socalTECH
AUGUST 11, 2017
San Clemente, California- and Kansas City, Missouri-based Site1001 , a facilities maintenance and management software, said this week that it has opened up a new office in Raleigh, North Carolina. According to Site 1001, it has opened up an "innovation office" as its East Coast technology hub, focused on smart building and Internet-of-Things (IoT) development.
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L.A. Business Journal
AUGUST 11, 2017
Snap confirms acquisition of Zeny for $213 million, Google's diversity controversy mocked in street art near its Venice office and Third Point sells all Snap shares.
socalTECH
AUGUST 11, 2017
Los Angeles-based Snap Inc. paid $213.3M in cash for Zenly , the developer of a location-based social media app, in May, the company disclosed in its quarterly results on Thursday. Snap said it paid $196.1M in purchase consideration, including $186.8M in cash paid to sellers, $9.3M in liabilities due to sellers, and $17.2M in total consideration representing compensation for future employment services.
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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.
L.A. Business Journal
AUGUST 11, 2017
Contour Crafting’s 3-D printers may help form a new future for home building.
socalTECH
AUGUST 11, 2017
Irvine-based cybersecurity software developer Cylance announced on Thursday that it has named Brian Robins as the company's Chief Financial Officer. Robins was most recently CFO of AlienVault, and also has served at CSC, Verisign, NeuStar, MCI, and Bankers Trust. Along with the new appointment, Cylance said it had had 283 percent growth in overall revenue year-over-year, although it did not release any actual financials.
Southern California Tech Central brings together the best content for technical professionals in Southern California from the widest variety of industry thought leaders.
socalTECH
AUGUST 11, 2017
Irvine-based Blizzard Entertainment has rolled out an expansion pack to its popular Hearthstone digital card game, called Knights of the Frozen Throne. Blizzard said the expansion adds 135 new cards to the title, which runs on Windows, Mac, iOS, and Android. READ MORE>>.
Xconomy
AUGUST 11, 2017
If you’re looking for a counterpoint to the recent flurry of news stories about sexual harassment and gender bias in the tech sector, the Kauffman Fellows program isn’t a bad place to start. The Palo Alto, CA-based program, a spinoff of the Ewing Marion Kauffman Foundation, has been a gateway into the venture capital industry for women and other under-represented groups for nearly two decades.
socalTECH
AUGUST 11, 2017
Los Angeles-based NantHealth , one of the biotech companies run by billionaire Patrick Soon-Shiong, has slashes its staff and sold off some of its assets, as part of a major restructuring. According to NantHealth, it has reduced its headcount by approximately 300, and sold off its provider/patient engagement assets to Allscripts. According to NantHealth, the move will result in a "significant reduction" in its operating losses, and will allow its remaining engineering teams to focus on cancer.
Xconomy
AUGUST 11, 2017
A race is on to bring two new RNA-based drugs for a rare, debilitating nerve disease called familial amyloid polyneuropathy (FAP). And GlaxoSmithKline has just dropped out of it. This morning, Ionis Pharmaceuticals (NASDAQ: IONS ) said that it has regained full rights , from GSK, to a drug called inotersen, which the Carlsbad, CA, company expects to submit to regulators in the U.S. and Europe for a review this year.
Startup Professionals Musings
AUGUST 11, 2017
Are you one of those people who believe that happiness at work is an oxymoron? If so, maybe it’s time to rethink your perspective, and perhaps start enjoying work for a change. As an advisor to new entrepreneurs and new ventures, I’m seeing a refreshing new focus by Millennials on work and successful new companies with a purpose, and more productivity through happy employees.
Xconomy
AUGUST 11, 2017
With President Trump holed up in New Jersey, rattling his saber at Kim Jong-un and Mitch McConnell and ignoring his own commission’s advice on the opioid crisis, there was still life sciences news from the nation’s capital. The FDA reported that generic drug approvals are set to hit a record ; the agency under Commissioner Scott Gottlieb has moved this summer to increase generic competition and lower the nation’s high drug prices.
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