Sat.Jan 28, 2017 - Fri.Feb 03, 2017

Ixia Acquired By Keysight For $1.6 Billion

socalTECH

Calabasas-based network testing software and hardware developer Ixia has been acquired by Keysight Technologies , in a deal worth $1.6 billion in cash, the two announced this morning. Keysight and Ixia said that Keysight will pay $19.65 per share in cash for Ixia, a premium of approximately 45 percent to Ixia's stock price on December 1st, when Ixia said it was considering "strategic alternatives".

Snap Inc. Files for $3 Billion IPO; Discloses 158 Million Daily Active Users

L.A. Business Journal

Snap Inc., parent company of ephemeral photo-sharing and messaging app Snapchat, has made public its $3 billion initial public offering of its stock on the New York Stock Exchange

Trending Sources

Seed-Stage Deals Show Growing Diversity of Agtech Investments

Xconomy

Fundraising is tough for startups but it’s particularly difficult in agriculture, a sector that has fewer firms focused on agtech investments. The dynamics are starting to change, though.

Angel 30

Don’t Let Anybody Tell You Not to Speak Up. Here’s Why …

Both Sides of the Table

Trump. In a week there is enough evidence to know that he truly is the narcissistic child and xenophobic race-baiter we saw during the election and that wasn’t just reality TV to get him elected.

Press 18

More Trending

TCVN Workshop: Structure Your Company the Right Way

SoCal Tech Calendar

Thursday, February 9, 2017 -- TCVN Workshop: Structure Your Company the Right Way. Choosing a structure for your company is typically a confusing and difficult process. Ask three lawyers and get five different answers! Corporation or LLC? Delaware, California or Nevada? C-corp. or S-corp.? Confused? Many factors come into play when choosing an organizational structure. While most choices are not irrevocable, it is in entrepreneur’s best interest to make a well-informed decision early.

Glaukos Names New COO

socalTECH

San Clemente-based ophthalmic technology developer Glaukos Corporation says that Chris M. Calcaterra has been named its Chief Operating Officer. Calcaterra, who has been at the company since 2008, and has been serving as Chief Commercial Officer since he joined. He previously served at Advanced Medical Optics, Inc.

Sales 26

Silicon Beach Report Feb. 2: Westside Rentals Sells to CoStar’s Apartments.com

L.A. Business Journal

Westside Rentals Sells to CoStar’s Apartments.com, Flipagram Acquired by Chinese Company, L.A. Region Leads Nation in Business Startups, and more

Insurer UHC Will Cover Biogen Spine Drug, But With Limits And Proof

Xconomy

Another major U.S. health insurer, UnitedHealthCare, has said it would cover the first-ever approved drug for the rare disease spinal muscular atrophy, a closely watched bellwether in the national debate over drug prices.

Silicon Beach Networking Mixer

SoCal Tech Calendar

Wednesday, February 8, 2017 -- Silicon Beach Networking Mixer. Every month we get together to network and mingle with local startup founders and their teams. Join our group to meet new people and participate in lively discussions with outstanding names in the silicon beach community See https://www.eventbrite.com/e/silicon-beach-networking-mixer-at-wurstkuche-in-venice-tickets-31584566288?aff=socaltech. aff=socaltech.

NeweggBusiness Gets GSA Schedule Contract

socalTECH

Los Angeles-based online technology retailer Newegg reports this morning that its B2B subsidiary, NeweggBusiness , has been awarded a General Services Administration (GSA) Schedule contract. The company said the contract will enable it to grow its revenues from agencies of the U.S. government.

Silicon Beach Report Jan. 30: Facebook Cloning Efforts Appear to Curb Snapchat

L.A. Business Journal

Facebook cloning efforts appear to curb Snapchat, Bouqs Co. raises $24 million, Amplify raises $10 million seed fund, and more

Ex-Xerox CTO Vandebroek Named Chief Operating Officer of IBM Research

Xconomy

When I last spoke to Sophie Vandebroek in December, it was for a kind of exit interview as she prepared to leave her longtime job as Xerox’s CTO and head of its worldwide research organization. We went over highlights of her Xerox tenure, her outlook on key technology trends for 2017 and beyond—the Internet of Everything, cognitive computing, healthcare IT, and cybersecurity chief among them—and her own plans for the future. Re that last point—she seemed completely unsure.

IBM 24

New FLOWE Wind Power Tech in SoCal

SoCal Tech Calendar

Wednesday, February 8, 2017 -- New FLOWE Wind Power Tech in SoCal. Clean Technology Council. FLOWE wind power uses spatial design to increase the efficiency of very small vertical turbine arrays. It solves large turbine issues like massive constriction and maintenance costs, increased area needs, eyesore complaints and accidental bird/bat fatalities. See https://www.eventbrite.com/e/201728-flowe-wind-turbines-tickets-31145909253.

Ezoic Acquires AmpedSense

socalTECH

Carlsbad-based Ezoic , a developer of advertising technology, announced that it has acquried AmpedSense , a developer of ad testing products for WordPress publishers. Financial terms ofthe buy were not announced. Ezoic said the acquisition will give it the ability to connect with more publishers and site owners. Ezoic is led by Dwayne Lafleur. AmpedSense's tool allows WordPress publishers to do split A/B testing of ads on blog sites. READ MORE>>.

Silicon Beach Report Feb. 3: 5 Challenges for Snap Inc. in Its First Year as a Publicly Traded Company

L.A. Business Journal

Five challenges for Snap Inc. in its first year as a publicly traded company, SpaceX test fires recycled rocket, Disney pays $100 million to settle wage fixing lawsuit, and more

Still No Official Word From Biopharma Groups About Trump Travel Ban

Xconomy

Four days after President Donald Trump issued an order to temporarily ban U.S.

JavaScript- The Hard Parts

SoCal Tech Calendar

Thursday, February 2, 2017 -- JavaScript- The Hard Parts. Learn JavaScript Meetup. This week for Javascript - The Hard Parts, we cover Callbacks and Higher Order Functions This includes how to handle or recreate the functions. See https://www.meetup.com/Learn-JavaScript/.

Snap Went From 600 to 1,859 Employees In One Year

socalTECH

Among the massive trove of information in Venice, California-based Snap Inc. 's s IPO filing on Thursday is the tidbit that the company more than tripled its number of employees in the last year, going from 600 full time employees on December 31, 2015, to 1,859 as of December 31, 2016. The company said in the S-1 that it expects headcount to grow in the foreseeable future.

Market Preps to Snap Up Shares

L.A. Business Journal

Snap’s IPO could create a new pecking order among L.A.’s s billionaires and tech companies

Cybersecurity in 2017: Goal, Illusion, or Oxymoron?

Xconomy

Here at the (relative) beginning of 2017, we can safely say that the previous year was among the most significant in history from a cybersecurity standpoint. Nation-state actions, in the form of the assumed Russian interference in the U.S.

News 12

Upfront Summit 2017

SoCal Tech Calendar

Wednesday, February 1, 2017 -- Upfront Summit 2017. Invite only. See [link] (more

2

MSC Software Acquired For $834M

socalTECH

Newport Beach-based CAD/CAM software developer MSC Software is being acquired by Stockholm, Switzerland-based Hexagon AB , in a deal worth $834M, Hexagon announced this morning. MSC Software develops computer-aided engineering (CAE) software, including simulation software for virtual product and manufacturing process development. Hexagon said that MSC has over 1200 employees spread across 20 countries.

Silicon Beach Report Jan. 31: Snap Inc. Opens Up its Automated Bidding Platform

L.A. Business Journal

Snap Inc. opens up its automated bidding platform, Disney relaunches Club Penguin as mobile game, and Radish raises $3 million for serialized fiction stories

Drug-Hunting Startup From Scripps Attracts Celgene Alum, $50M Backing

Xconomy

A team of decorated academic chemists in San Diego have been working since 2014 on a biotech startup that aims to find new drugs faster. The company now has a lot of cash in the bank and a well-known biopharma scientist to guide it.

About personal use of corporate assets

Berkonomics

It is no secret that the IRS looks carefully below the surface for personal use of company assets (including cash) in its corporate income tax audits.

CompuVision Merges With Sagewood Systems

socalTECH

Santa Barbara-based CompuVision , a managed IT services provider, and fellow IT services firm Sagewood Systems said late Tuesday that the two have merged. Financial details of the merger were not announced. Sagewood Systems focuses on the healthcare technology services area, and was founded in 1998. CompuVision is led by President and CEO John Hunt. Sagewood Systems was founded and led by CEO Bill Wood.

Equipment Financer Powered Up By Private Equity Firm

L.A. Business Journal

While helping a farmer harvest corn doesn’t seem like something the financial tech industry is clamoring to address, the rise of companies such as West L.A.’s s Currency Capital proves online banking solutions are pushing further afield

Triton Digital Wins Connoisseur Media

socalTECH

Los Angeles-based Triton Digital , the developer of advertising technology for the audio streaming market, reported that it has been selected by Connoisseur Media. Financial impact of the customer win was not announced. Triton Digital said Connoisseur Media will use it to stream and measure their digital audio content. Triton Digital provides programmatic audio advertising technology for the audio streaming market. Connoisseur Media owns and operates 39 radio stations. READ MORE>>.