Payscout Buys Paywire

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Sherman Oak-based Payscout , a provider of payment processing services, said on Thursday that it has acquired cloud and mobile software developer Paywire. Payscout said the acquisition will provide its customers with expanded payment processing technology, including solutions for the education and healthcare industries. Financial details of the acquisition were not announced.

Patent Suit Spawned By NTI Group Buy Settled

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A patent lawsuit against educational software provider Blackboard , which was spawned by the acquisition of Sherman Oaks-based NTI Group last year, has been settled, according to Texas-based TechRadium. TechRadium, which had sued Blackboard in May after it acquired emergency messaging provider NTI Group for $182M, said that the two firms have agreed to cross-license several patents and patent applications. Financial terms of the agreement were not disclosed.

Five Startups Revolutionizing Music, In Southern California

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The firm's products are an example of what applying technology, and smartphones and tablets, can do for music education. Music Prodigy is in Sherman Oaks.