Fri.Aug 04, 2017

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‘FabLab’ Gives Northrop’s Engineers Room to Experiment for Fun, Profit.

L.A. Business Journal

Northrop Grumman has set up a “FabLab” to help launch projects by the company’s engineers.

Help 197
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rfXcel Gets $30M From Kayne Partners

socalTECH

San Ramon, California-based rfXcel , a developer of supply software used to track regulatory compliance and to battle counterfeit pharmaceuticals, has raised $30M in funding from Los Angeles-based Kayne Partners. The Series B funding will go towards expanding rfXcel's geographical presence. Leon Chen of Kayne Partners joins rfXcel's board of directors as part of the funding.

Equity 113
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Auto Parts Maker Deals for EV Edge

L.A. Business Journal

Motorcar Parts of America steers toward the electric-vehicle market with recent acquisition.

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Willdan Acquires Integral Analytics

socalTECH

Anaheim-based Willdan Group said on Thursday afternoon that it has acquired Integral Analytics , a developer of data analytics software for the utility industry. Financial terms of the acquisition were not announced. Willdan said it expects the acquisition to add $10M in revenues in 2018. Integral Analytics was based in Cincinnati, Ohio, and was founded in 2005.

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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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Buyer Locks Up Cybersecurity Firm for $240M

L.A. Business Journal

Waterloo, Ontario-based OpenText, a content management system developer, is set to acquire forensic security firm Guidance Software Inc. of Pasadena for $240 million in cash.

Pasadena 100
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J2 Global Pays $20M As Part Of Oookla Acquisition

socalTECH

Los Angeles-based J2 Global says it has paid $20M in a contingent payment, related to the company's acquisition of Oookla , back in 2014. J2 Global said the payments were part of a total of $52M spent on acquisitions plus its regular dividend in Q2. j2 Global announced its results on Thursday, saying its Q2 2017 revenues increased to $273.2M, an all time record.

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Cylance Extends Into Home Antivirus Market

socalTECH

Irvine-based cybersecurity software developer Cylance said on Thursday that it has extended into the home market, and has rolled out its first software product for the consumer market, CylancePROTECT Home Edition. According to Cylance, the new software brings its AI-driven antivirus to the consumer security market. The software will initially only be available to employees of Cylance's enterprise customers.

Marketing 113
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Silicon Beach Report Aug. 4: Barnes & Noble Acquires Student Brands for $58.5 Million

L.A. Business Journal

Barnes & Noble acquires Student Brands for $58.5 million, Elon Musk $5 billion richer and more.

Report 100
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Buy It Installed Gets Funding Round

socalTECH

Irvine-based Buy It Installed , which develops an automated system that automatically connects consumers with installers when they purchase products from online retailers, has raised a round of funding, the company disclosed this week. The funding was led by Skyview Ventures, and also included the Tech Coast Angel, the ACE Fund, and Crosspoint Venture Partners.

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6 Keys to Marketing Customer Experience vs Products

Startup Professionals Musings

Not so long ago, every business assumed that the keys to success were the highest quality product, the best value for the buck, and the best customer service. Now all we hear about is providing the best “customer experience.” Exactly what is that customer experience that every modern marketer is talking about, and how do you measure it? A classic article in the Harvard Business Review “ The Truth About Customer Experience ” defines it as your customer’s end-to-end journey with you, not just the

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Plex Pharmaceutials Acquired By Collidion

socalTECH

San Diego-based Plex Pharmaceuticals (previously known as CalAsia Pharmaceuticals), a developer of treatments for Parkinson's disease, glioblastoma, and cataracts, announced this week that it is in a definitive agreement where Collidion has acquired 80 percent of the company's equity. The two said that Collidion will provide management and operational support as Plex continues its drug discovery programs as part of the deal.

San Diego 113
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Bio Roundup: CRISPR Advances, Obamacare Lives, FDA Nods & More

Xconomy

Gene editing took an important step this week when a group of U.S. researchers used CRISPR-Cas9 technology to correct a genetic error in dozens of human embryos without complications. It’s a significant achievement, but amidst the hype, it’s worth cautioning just how much work has to be done before the technology leads to a safe and effective human therapeutic.

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Student Brands Acquired By Barnes & Noble For $58.5M

socalTECH

Los Angeles-based Student Brands , an online education company which runs such online study sites as 123HelpMe.com , Bartleby.com , StudyMode.com , as well as a number of other brands, has been acquired by Barnes & Noble Education in a deal worth $58.5M in cash. Student Brands, which was led by CEO Thomas Swalla, also runs TrabalhosFeitos.com, Etudier.com and Monografias.com in Brazil, France and Mexico.

Education 100
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LA's Tech Industry Unfavorably Linked To Rise Of Steve Bannon

socalTECH

How is the tech industry in Los Angeles linked to the rise of Steve Bannon? An unfavorable story, published in the Washington Post on Friday, investigates the link between a "gold farming" startup in Hong Kong , which allowed videogame players to buy virtual goods on videogames (such as Everquest) which had been gathered by low wage, Chinese workers, and the rise of Breitbart.