article thumbnail

Mojix Selected By BP

socalTECH

Los Angeles-based passive RFID tracking technology provider Mojix said last week that it has been selected by BP , for a $7 billion, offshore drilling project. Mojix said it will provide its technology for an oil platform product in the North Sea off the coast of Scotland. mojix offshore drilling rfid wireless tracking asset'

Offshore 157
article thumbnail

Direct Drive Systems Acquired for $120M

socalTECH

According to FMC, it will pay $120M for Direct Drive Systems, which makes components used for pumping natural gas pipelines, offshore platforms, and for the subsea processing market. Direct Drive is a spinout of Calnetix.

Cerritos 140
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Interview with Clark Benson, Ranker

socalTECH

It's a very flexible, open platform, and is pretty open ended. We're not yet marketing or selling direct to advertisers, because we're really focused on growing and honing our platform. The hardest part, is if you want a platform which is a broad platform, and not just about one topic or genre, about all kinds of things.

Startup 195
article thumbnail

How Gigmor Is Looking To Connect Musicians With Gigs, with David Baird

socalTECH

(chuckles) I've been in a large organization like AOL, with really large groups of engineers, and I think the biggest lesson I've learned, as with many entrepreneurs with an idea, you tend to try to use contractors and offshore services. It took me awhile, to realize how many advantages there were to having a local team.

Startup 150
article thumbnail

Interview with Satish Varma, Clorder

socalTECH

We are an online ordering platform, that helps restaurants enhance their web presence and the profitability of their brand. We were a little early in that market, doing outsourcing, offshore, and managed crowdsourcing. Satish co-founded Clorder with Sridhar Sambangi, who was the Chief Architect of Cornerstone OnDemand. What is Clorder?

article thumbnail

The Power of “In Person” – Why Distributed Teams are Less Effective

Both Sides of the Table

What about offshoring? First, many people confuse outsourcing and offshoring. Offshoring is when you have your own team build it but your own team is located a separate location where wages are significantly cheaper. I prefer that early stage companies not offshore development. I have another exception.