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Report: Redpoint's Martin Leaving Firm

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Greg Martin , the partner heading up Redpoint Ventures ' Los Angeles office, has reportedly left the firm, according to a report from the Private Equity Insider. Martin is no longer listed on Redpoint's web site, was not listed in its latest fundraising documents, and declined to comment on the story. READ MORE>>.

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Interview with Fouad ElNaggar, Redpoint Ventures

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Redpoint Ventures is one of the venture capital firms which has straddled both Northern California and Southern California, with offices in both locations. It would be interesting to hear about where your interests are nowdays, there was a rumor Redpoint had backed off activity here lately. People can come in and have a coffee.

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Networks In Motion Acquired For $170M

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Aliso Viejo-based Networks In Motion , a developer of location-based, wireless navigation software, has been acquired for $170M. TeleCommunications Systems said it was advised by Raymond James & Associates in the deal, with Networks In Motion advised by Jeffries & Co. READ MORE>>.

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Networks In Motion Names VP

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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. NIM said tha Hakam was senior director of product engineering at Kyocera, managing its global software engineering team. READ MORE>>

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Networks In Motion Gets Patent

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Aliso Viejo-based Networks In Motion , which develops wireless navigation software, announced Tuesday that the firm has scored a new patent on its technology. Networks In Motion is venture backed by Mission Ventures, Redpoint Ventures, and Sutter Hill Ventures. Tags: patent motion networks wireless. READ MORE>>.

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WebVisible Cuts Deal with Husqvarna

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Irvine-based WebVisible , which provides local online marketing services and software, and chainsaw maker Husqvarna said this morning that the two are in an online search advertising partnership. WebVisible is venture backed by Adams Street Partners, Redpoint Ventures, and Sutter Hill Ventures. READ MORE>>.

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Topspin Rolls Out Music Marketing Software, To Some

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Venice, California-based Topspin , a developer of software focused on helping musicians market and distribute their work, launched an upgrade to its product Wednesday at the SXSW festival. The company has previously rolled out the software in a limited released with David Byrne and Brian Eno, among others. READ MORE>>.

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