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Report: IPOs On Track For Best Year Since 2007, But Only One Q3 Area Tech IPO

socalTECH

A new report today, issued by E&Y, says that the global IPO market is on track to be the best year since 2007. However, local numbers show only one technology related IPO in the local market-- Sienna Biopharmaceuticals in Westlake Village. READ MORE>>.

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CoverHound Apparently Finds Funding For Insurance Marketplace

socalTECH

CoverHound , the online insurance shopping marketplace with offices in Westlake Village, apparently raised a funding round, according to what appears to be a broken embargo by a Silicon Valley technology news site. Coverhound's offices are split between San Francisco and Westlake Village.

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Interlink Electronics Abandons Nasdaq

socalTECH

Westlake Village-based electronics developer Interlink Electronics said late Thursday that it plans to voluntarily delist its stock from the Nasdaq Stock Market, and deregister its common stock. Interlink says it has fewer that 300 holders of record of its shares.

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CoverHound Raises $33.3M

socalTECH

CoverHound , which has offices in Westlake Village, and is also one of the portfolio firms of Los Angeles-based venture investor Core Innovation Capital , has raised $33.3M CoverHound is based in San Francisco, but said in March that it would be growing its operations in Westlake Village thanks to its Series B funding.

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NexGenic Launches Medical Imaging App For Patients

socalTECH

Westlake Village-based nexGenic , a developer of healthcare software, said this morning that it has launched a new, mobile app, which helps patients transfer and store medical images and diagnostic reports.

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ValueClick Names Chief Marketing Officer

socalTECH

Westlake Village-based ValueClick announced this morning that it has named Scott G. ValueCLlck's new CMO reports to ValueClick's President and CEO, John Giuliani. Eagle as its new Chief Marketing Officer. Eagle also serves on the board of Akademos. Eagle also serves on the board of Akademos. READ MORE>>.

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LSI Cuts Jobs In Southern California

socalTECH

LSI Corporation , a developer of data storage products, has cut a product line it had been developing in Southern California, resulting in the layoffs of employees in Irvine and Westlake Village, as well as Israel and Silicon Valley. Sources close to LSI confirmed the layoffs.