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Report: Move Networks Shuts Down, Seeking Sale

socalTECH

Streaming video technology firm Move Networks --which apparently moved to Irvine sometime over the last year from Utah after a management shakeout--is reportedly shutting down, and by some reports is now looking for a buyer. Tags: move networks merger acquisition shutdown sale video streaming. and Steamboat Ventures.

Sales 140
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Report: Criminals Using Snapchat To Illegally Sell Guns

socalTECH

According to report this week, abuse of the communications and advertising features of Los Angeles-based Snapchat is playing a significant role in the sale of firearms outlawed in California. However, the recent arrests show how easy it is for criminals to bypass those rules on any social networking platform. READ MORE>>.

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Report: 33% of US Small Businesses Couldn’t Pay Their Rent Last Month

Tech.Co

The rent crisis is getting worse, according to a new report that found a full third of all small and medium-sized businesses are behind on their rent for the month of May. The new data comes from small business networking site Alignable, which released its Q2 Rent Report at the start of the month. What's driving the crisis?

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TrueCar Sells 1 Million Cars, Hits $31 Billion In Total Sales

socalTECH

Santa Monica-based TrueCar , the auto pricing and sales company headed by Scott Painter, said late yesterday that it has sold its one millionth vehicle through its service, and that $31 billion in sales have gone through its network to date. monthly retail vehicle sales. READ MORE>>.

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Ixia Shuffles Sales Execs

socalTECH

Calabasas-based Ixia is in the midst of a sales team shuffle, saying in its quarterly report that it is naming Patti Key as Senior Vice President, Global Sales, with current sales VP Hans-Peter Klaey leaving the company. Ixia said that the firm and Klaey have "mutually agreed" for him to step down from the position.

Sales 100
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DataDirect Networks Expands In Paris, Claims Growth

socalTECH

DataDirect Networks , the data storage systems developer which has significant operations in Chatsworth, reports that it is opening up a new technology center in Paris. The company said that, due to the sales growth, it has expanded its overall headcount by 20 percent since Q1. DDN is led by Alex Bouzari. READ MORE>>.

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Boingo Links With Canadian Wi-Fi Provider On Ad Sales

socalTECH

Los Angeles-based Wi-Fi network operator Boingo Wireless has inked a deal with a Canadian Wi-Fi network provider, to manage a Wi-Fi advertising network in Canada. Boingo reported it has a new agreement with Canadian Wi-Fi operator BOLDstreet Wireless , to manage that firm''s display and video advertising sales and services.

Sales 153