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Dave Ryan of Mission Ventures On Exits

socalTECH

Last month, San Diego-based venture capital firm Mission Ventures (www.missionventures.com) sold its portfolio firm, Carlsbad-based 3E , just the latest in a string of exits for the firm, which also included an IPO in Maxlinear earlier in the year. We've been the beneficiary of that in at least a few instances.

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Zui.com Launches New Social Networking Features

socalTECH

Zui.com, which is based in San Diego and headed by Cliff Boro, said the new featuers allow users to create their own avatars, "like" and "favorite" features, ability to make friends with others, and to share content with others. Zui is backed by Emergence Capital, Mission Ventures, Maveron and the Scholastic Corporation.

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Plug and Play San Diego Finds Home in New Downtown Works Space

Xconomy

Plug and Play San Diego has formed a partnership with Downtown Works, a new co-working space in downtown San Diego, which will give the local Plug and Play program a place to call home. We would like to launch an accelerator based here, and bring in additional resources from the Bay Area.”. billion under management.

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Networks In Motion Names VP

socalTECH

Irvine-based location-based services (LBS) firm Networks in Motion said this week that it has hired on a new Vice President of Engineering at the firm. Networks In Motion said that M. Fathi Hakam has joined the firm from Kyocera Wireless, in San Diego. He has also served at Motorola. READ MORE>>

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After Long Road, Greenplum (Metapa) Acquired By EMC

socalTECH

The acquisition is the end of a long road for Greenplum--originally based in Sherman Oaks--and its investors, which includes San Diego's Mission Ventures. The firm appears to have gone through at least one recapitalization, and multiple executive team changes, and moved to Silicon Valley in the meantime.

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Nirvanix Adds Nasuni

socalTECH

San Diego-based cloud storage provider Nirvanix has added a new customer of the firm's storage service, Nasuni , a Massachusetts startup providing virtual file server software. Nirvanix is backed by Intel Capital, Valhalla Partners, Mission Ventures, Windward Ventures, and the European Founders Fund. READ MORE>>.

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Nirvanix Ties With CommVault

socalTECH

San Diego-based cloud storage firm Nirvanix is further bolstering its focus on enterprise customers, saying today that it has partnered with enterprise storage software provider CommVault. Nirvanix provides storage-as-a-service through an online network. READ MORE>>.

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