Fri.Jun 16, 2017

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Marlin Equity Acquires Tangoe, Merges It With Asentinel

socalTECH

Los Angeles-based private equity and investment firm Marlin Equity said on Friday that it has completed its take-private acquisition of Tangoe, Inc. , and combined it with existing asset Asentinel. Both companies operate as part of the technology lifecycle management (TLM) market. Marlin has appointed Robert Irwin as CEO of the newly combined company.

Equity 145
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Securing the Enterprise: Strategies, New Models

SoCal Tech Calendar

Thursday, June 22, 2017 -- Securing the Enterprise: Strategies, New Models. AITP.

AITP 100
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TuSimple Aims At Self Driving Vehicle Market

socalTECH

San Diego- and Beijing-based TuSimple , a startup developing autonomous driving technology, says it has received a permit from the California Department of Motor Vehicles to test autonomous driving vehicles on the road. The startup says it hopes to run a test this month taking an autonomous vehicle 420 miles from San Diego to Tucson. The company--which says its engineering and business teams are based in Beijing, China and its lab team is based in San Diego--has roughly 15 different engineering

San Diego 124
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5 Indications That Your Startup Is Poised For Success

Startup Professionals Musings

Every startup wants to be a predictable success, yet so few ever achieve this enviable position. In reality, getting there is not a random walk, and requires an understanding of the stages that every business must navigate and the organizational characteristics necessary at each stage. Les McKeown, in his classic book “ Predictable Success ” outlines these stages and characteristics for any business.

Startup 58
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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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Amazon.com's Acquisition Of Whole Foods Poses Challenge For Thrive Market

socalTECH

Los Angeles-based organic, membership-based food service Thrive Market has a big, new competitor in town-- Amazon.com --which just announced a gigantic, $13.7 billion acquisition of Whole Foods on Friday. Thrive has been growing rapidly by providing online access to health food and products ala Whole Foods online, like Amazon.com, using a membership model.

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Startup Pioneers EV-to-Grid Technology in Pilot at UC San Diego

Xconomy

Nuvve , a San Diego cleantech startup, has begun a pilot project with UC San Diego that is intended to demonstrate the feasibility of using electric vehicles as a kind of collective energy storage reservoir for the power grid. After securing a $4.2 million grant from the California Energy Commission this week, Nuvve and UC San Diego said the company would install its “vehicle-to-grid” (V2G) charging system in 50 new EV chargers at UC San Diego.

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Bio Roundup: Trumpcare is Mean, SCOTUS Says Go, Merck’s Myeloma No

Xconomy

What exactly does the American Health Care Act, the Republican proposal to replace Obamacare, currently look like? Few people know, because the Senate version is being negotiated behind closed doors in Washington D.C. without any public hearings. We do know President Trump now thinks the version of the AHCA that squeaked through the House is “ mean.” When he celebrated the House vote he called it “incredibly well crafted,” “really incredible,” and “ultimately

Journal 65
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Newegg Plans Major Global Expansion

socalTECH

Los Angeles-based online electronics retailer Newegg says it is planning a major, global expansion worldwide, with plans to expand in the Asia Pacific, Europe, Latin America and the Middle East regions. According to Newegg, once that expansion is complete, it will reach customers in a total of 50 countries. NewEgg said the big new global expansion push also includes an effort to recruit aspiring e-commerce sellers across the globe, who it says it will tap to offer up local sellers with country-s

NewEgg 113
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EDF Renewable Energy Sells Half Of Oklahoma Wind Project

socalTECH

San Diego-based renewable energy developer EDF Renewable Energy announced early Friday moring that it has sold off 50 percent of the Great Western Wind Project, a 225 megawatt wind energy project it is developing in Oklahoma for Google. Financial details of that sale were not announced. The company said the stake goes to Alliant Energy Corporation , which will pay cash for its 50% equity stake.

Google 113
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Cylance Names Sales, Product Execs

socalTECH

Irvine-based antivirus software developer Cylance said on Thursday that it has named two new executives at the firm, to help it with global growth. Cylance said it has named Rahul Kashyap as Chief Product Officer and John Giacomini as Executive Vice President, Global Sales. Kashyap was previously Executive Vice President of Products at Bromium, and led worldwide threat research at McAfee Labs; Giacomini was most recently Executive Vice President, Worldwide Sales at Forcepoint (formerly Websense)

Sales 100
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Amazon.com Now Owns 42 Whole Foods Market Stores In SoCal With $13.7 Billion Buy

socalTECH

Online e-commerce giant Amazon.com now owns roughly 40 grocery stores in Southern California, in what is the company's biggest foray into the grocery store market to date. Amazon and Whole Foods announced Friday that Amazon is acquiring the Whole Foods Market grocery store chain, in a $13.7 billion deal. Amazon.com said it will pay $42.00 per share in cash for Whole Foods Market, and will continue to operate the organic grocery store chain's retail markets.