Sat.May 16, 2009 - Fri.May 22, 2009

San Diego Gas and Electric Partners With Google PowerMeter

socalTECH

San Diego Gas & Electric is one of the first utilities to sign up with Google and its new Google PowerMeter energy monitoring project, Google said this morning.

Twitter Revenue from Tools

SoCal CTO

Just read this article - Twitter sees tools, not ads, for revenue That could be really bad news. Part of the appeal of twitter is that it's a fairly open platform and that there are a lot of people building tools that live on top of the platform. If Twitter begins to charge for tools, they will likely need to lock away aspects of their platform to prevent other people from creating competitors to the tools they create. In fairness, I often go back and forth on Twitter.

Trending Sources

Experiences of a Navy Pilot

SoCal Tech Calendar

Thursday, May 28, 2009 -- Experiences of a Navy Pilot. IEEE Aerospace / Life Member: Commander Thomas Long, USN, is Executive Officer of the C-130 Logistics Group at Pt. He will discuss his experiences and challenges as an aviator, a leader, and of a successful technical aviation career. See [link] (more

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Collections on Docstoc

Jason Nazar

Just released a KILLER new feature today on Docstoc where we feature Collections of documents around different topics. These are packs of documents that are grouped together around different topics like Starting a Small Business, Advertising Online, and “Traveling on a Budget.

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Outsourcing Web Development & Businesses - Startups Uncensored #7

Jason Nazar

This month’s “Startups Uncensored” will be on “Outsourcing Web Development & Businesses”. It will be an open and frank town-hall conversation revealing the best practices and methodologies for building your web-based company through outsourcing.

Quartics Raises $13.3M

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Irvine-based Quartics , the digital media processing chip firm headed by former AST founder Safi Qureshey, has raised $13.3M as part of an ongoing, $21.7M fundraising, according to a regulatory filing from the firm. Details on the new funding have not yet been released by the firm.

Navigating the Challenges of Effective Outsourcing – Startup Uncensored #7

Alon Schwartz

This month’s “Startups Uncensored” will be on “Navigating the Challenges of Effective Outsourcing”. It will be an open and frank town-hall conversation discussing topics such as: Outsourcing best practices. Do’s and don’ts of outsourcing. Top mistakes people do when outsourcing.

Shaking the MoneyTree

SoCal Tech Calendar

Thursday, May 28, 2009 -- LAVA hosts PricewaterhouseCoopers' Shaking the MoneyTree. Please join LAVA, PricewaterhouseCoopers and a distinguished panel of industry experts and local VCs for their insights on the results of the Q1 2009 PricewaterhouseCoopers/National Venture Capital Association MoneyTree Report based on data from Thomson Reuters. See [link] (more

Ripple Bolsters Board With Media Execs

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El Segundo-based out-of-home advertising firm Ripple TV said today that it has added two media executives to the firm's board of directors.

OCTANe Finds New President and CEO

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Orange County's nonprofit effort to support the technology industry, OCTANe , announced this morning that it has located a replacement for outgoing president and CEO, Gary Augusta. According to OCTANe, it has named Matthew Jenusaitis as the next president and CEO of the group.

Loop'd Network Gains $800K

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San Diego-based Loop'd Network , an online site focused on action sports, announced this morning that it has raised $800,000 in additional funding. According to Loop'd, the funding came from its existing investors, along with new investor the Tech Coast Angels.

Newegg Sues Kohl's Over Trademark

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City of Industry-based Newegg , a major online electronics and computer retailer, said today that it has sued retailer Kohl's Corporation for trademark infringement and unfair competition.

Nirvanix Names New Engineering VP

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San Diego-based cloud storage services provider Nirvanix reported Tuesday that it has hired Chris Russell as vice president of engineering. Nirvanix described Russell as a longtime technology executive with more than 20 years of hands-on experience.

Bid4Spots Extends Into Cable TV

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Sherman Oaks-based Bid4Spots , the online auction for radio advertising time, is branching out into cable television, saying Monday that it has launched a new, cable TV advertising marketplace.

Thanks to socalTECH's Sponsors!

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Thanks to all of the sponsors and advertisers, who allow us to keep you updated on Southern California's high tech news and companies. They include: Sponsors. Redpoint Ventures (www.redpoint.com). Backing Southern California's next great technology companies. Silicon Valley Bank (www.svb.com). Helping entrepreneurs succeed. Binary Pulse Technology Marketing (www.binarypulse.com). We Create Demand for California's Technology Companies. Costello and Sons Insurance Brokers (www.costelloandsons.com).

Websense Links With Riverbed

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San Diego-based web security firm Websense has tied with WAN acceleration firm Riverbed Technologies , the two said Thursday. According to the companies, they will offer Websense's web security products combined with WAN optimization products from Riverbed. Financial details of the partnership were not disclosed. Websense's software will site on Riverbed's Steelhead appliance; the solution will be available through resellers of both firms. READ MORE>>.

Abraxis Names VP

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Los Angeles-based Abraxis BioScience , a biotech firm focused on treatments for cancer, said Friday that it has hired on Marty J. Duvall as the firm's Senior Vice President, Global Marketing and International Commercial Operations. Duvall joins the firm from MOrphotek, and has also previously served at MGI PHARMA and Sanofi-Aventis.

ISWest Partners With Local Technology Provider

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Agoura Hills-based web hosting and colocation provider ISWest reported this week that it has linked with Third Wave Technology Services, a provider of technology services in the Los Angeles area. According to the two firms, ISWest has deployed several colocation projects for Third Wave's clients in its data centers. ISWest provides high speed access, server colocation, managed servers, and other related services to its clients.

FastSoft Updates Product Line

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Pasadena-based FastSoft , the Caltech spinout developing Internet acceleration devices, disclosed earlier this week that it has rolled out a new product. The firm said its new E Series EX accelerator now supports 10Gbps throughput, and accelerates TCP traffic 2 to 5 times. The firm said it is targeting hosting, SaaS, social network, content distribution networks, and cloud computing companies with the hardware. Pricing on the new product was not released.

Bio-Aesthetic Medicine

SoCal Tech Calendar

Thursday, May 28, 2009 -- Bio-Aesthetic Medicine. SoCalBio Networking Forum. This forum will focus on bio-aesthetics. Invited speakers representing Southern California emerging biotech and device companies will examine the growth potential of the bioaesthetic medicine industry in Southern California and discuss business models to meet challenges posed by the current difficult economy. See [link] (more

Bootstrapping

SoCal Tech Calendar

Thursday, May 28, 2009 -- Bootstrapping: Making More Progress with Less. During past periods of significant downturn San Diego companies found ways of trimming back their activities, creating a new focus and sense of managed urgency. At the same time, they needed to find creative ways of bringing in capital to keep their companies alive. However, in many cases the sources of capital were not necessarily the traditional ones.

Study: Angel Investments Drop In 2008

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The Angel Capital Association reported this week that investing activity by angel investments groups dropped by nine percent between 2008 and 2007, and 40 percent of angel groups expect overall investment to decrease again this year. The group, which released its ACA Angel Group Confidence Report this week, also found that the average group investment per deal was $276,918 in 2008, with total invested by groups in 2008 averaging at $1.77M. Individual group totals were not broken out.

DocStoc Releases Collections

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Santa Monica-based DocStoc , the online document sharing site run by Jason Nazar, just released a new feature Thursday afternoon, DocStoc Collections , which allows users to create their own groupings of documents by topic. The new feature so far includes collections such as "Starting A Small Business," "Traveling On A Budget," "Writing Better Cover Letters," and similar topics.

Roadtwip Returns

SoCal Tech Calendar

Tuesday, May 26, 2009 -- Roadtwip Returns. What if Jack Kerouac had a smart phone, Twitter, a mac book, and a video camera? This month for MOTM our very own Kurt Daradics will be sharing his sense of the emerging future after a roadtrip gone twitter across America. See [link] (more

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Novatel Wireless Adds Retired General to Board

socalTECH

San Diego-based Novatel Wireless reported Wednesday that it has appointed retired U.S. Army Gen. John D. Wakelin to its board of directors, effective Monday. The wireless broadband technology firm described Wakelin as an experienced professional who spent the past 20 years in senior executive and business development roles for Science Applications International Corp.

Quest Taps Ingram Micro For Distribution

socalTECH

Aliso Viejo-based Quest Software said Thursday that it has signed on fellow Orange County firm Ingram Micro as a distributor. According to Quest, the relationship wil make it easier for its partners to purchase its software, and also increase its presence in the reseller channel. The distribution deal covers both North and Latin America. Ingram Micro is based in Santa Ana, and is one of the largest technology distributors in the world. READ MORE>>.

Breach Security Gets $2.0M In Convertible Debt

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Carlsbad-based security software firm Breach Security has raised $2.0M more in a convertible debt financing, according to a regulatory filing by the firm this week. No details on the funding have been released. Breach has previously raised venture funding from Enterprise Partners, RBA No. 5, and Evergreen Venture Partners. Breach most recently raised a venture round in July of last year, and has so far raised more than $32.5M in funding. READ MORE>>.

NeoMend Finds $2.7M

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Irvine-based NeoMend , which is developing wound healing products, disclosed this week via a regulatory filing that it has raised $2.7M out of a $3.5M funding round for the company, consisting of a convertible note along with warrants convertible to preferred stock. According to the filing, the firm's investors continue to include Prospect Venture Partners, Vivo Ventures, Sanderling Ventures, and Novo A/S.