Jet Edge International Raises $60M For Aviation Services

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Van Nuys-based Jet Edge International , a provider of aircraft management and private jet charter services, said this week that it has raised $60M in a equity and debt funding round. The funding was led by Los Angeles-based private equity investor Solace Capital Partners. The company said it will use the funding to fund strategic initiatives. Jet Edge says it currently manages more than 50 large-cabin and super-midsize aircraft. Jet Edge is led by CEO Bill Papariella. READ MORE>>.

HemaCare Moves To Larger Headquarters In Northridge

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The company, which was previously based in Van Nuys, says its new facility is at the 44-acre Harman Campus. HemaCare's President and CEO is Pete van der Wal.

Flying taxi startup Blade is helping Silicon Valley CEOs bypass traffic

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According to Business Insider , it has worked with Uber in the past to help deep-pocketed Coachella attendees fly to and from the Van Nuys Airport to Palm Springs, renting out six-seat helicopters for more than $4,000 a pop.

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Electro Rent Buys Microlease

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Van Nuys-based Electro Rent , which provides rental and leasing of test and measurement equipment, said Friday that it has completed its acquisition of Microlease from Lloyds Development Capital. Financial details of that acquisition were not announced. Electro Rent is owned by private equity investor Platinum Equity, which bought the company in August of last year. Microlease was founded in 1979, and is headquartered in London, United Kingdom. READ MORE>>.

Electro Rent CFO Retires

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Van Nuys-based Electro Rent , which provides rental, leasing, and sales of electronics test and other equipment, said today that its CFo, Craig Jones, is retiring from the company. Jones--who is 69--has been at the company for 26 years. Electro Rent said that it has named Allen Sciarillo, its Vice President of Finance, as acting CFO; Sciarillo has been at the company since 2006. READ MORE>>. electrorent rental equipment leasing electronics executive finance

Respawn's Titanfall 2 Rolls Out Worldwide

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Titanfall 2 , the latest chapter in the online multiplayer combat game series developed by Van Nuys-based game studio Respawn Entertainment , has rolled out worldwide to Xbox One, PlayStation4, and PC users, according to Respawn and Electronic Arts.

Sentry Control Systems Acquired By SKIDATA

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Van Nuys-based Sentry Control Systems , which distributes the ubiquitous electronic parking control systems you find in parking garages, has been acquired by parking technology developer SKIDATA. Financial details of the buy were not disclosed. The two companies said they have been working together since 2000. SKIDATA is based in Austria. The two ssaid that Sentry represented 40 percent of SKIDATA''s business in the U.S. READ MORE>>.

Platinum Equity Acquires Electro Rent For $323.4M

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Beverlly Hills-based private equity investor Platinum Equity , and Van Nuys-based Electro Rent said Tuesday that the two are in a definitive agreement, where Platinum Equity will pay approximately $323.4M for Electro Rent. Platinum Equity said ti will pay $13.12 per share in cash for Electro Rent, which it says is a premium of 24.4 percent over the company's closing price on May 27th. The deal will take Electro Rent private. Electro Rent provides electronic test equipment rentals.

Electro Rent Closes Equipment Management Technology Buy

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Van Nuys-based Electro Rent Corporation , a provider of rental, leasing, and sales of electronic test equipment, said Thursday that it has completed its acquisition of Equipment Management Technology. The deal was worth $10.7M. Electro Rent had originally announced the buy on August 12th. READ MORE>>. electrorent electro rent electronoic test equipment rentals leasing merger acquisitoin

Platinum Equity Bumps Offer For Electro Rent To $382M

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Beverly Hills-based private equity investor Platinum Equity announced this morning that it has bumped its offer for Van Nuys-based Electro Rent to $15.50 per share in cash, up from an earlier, $13.12 per share offer. The new price bumps the total value of the deal to approximately $382.2M. According to Platinum Equity, the increased offer comes due to a receipt by Electro REnt of an unsolicited, third party acquisition proposal.

Electro Rent Buys Test Equipment Firm

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Van Nuys-based Electro Rent , the provider of electronic test equipment rentals and leasing, said Thursday that it has purchased Equipment Management Technology , a fellow electronic test equipment company, out of bankruptcy. Electro Rent said it pay $11.1M in cash for the firm, via a private, U.S. Bankruptcy court sale. Equipment Management Technology is based in Las Vegas, and rents, sells, and leases used electronic test equipment.

OK Go Super Bowl Video Illustrates Collision Between Content, Technology

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What do you get when you mix the desert around Mojave, two months in a Van Nuys warehouse, an MIT engineer, and a band which has risen to prominence as a YouTube phenomenon?

Vetted Finds $3.47M For In-Home, On-Demand Pet Care In LA

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Vetted says it is currently offering its services in Bel Air, Beverly Hills, Brentwood, Culver City, Inglewood, Santa Monica, Sherman Oaks, Van Nuys, Venice, and Westwood. Venice, California-based Vetted , a new startup offering up on-demand, veterinary services at your home, has raised $3.47M in seed funding, the company disclosed this week. The funding came from Foundation Capital, Amplify LA, Sterling.VC, and ReImagined Ventures.

Electro Rent Closes Telogy Buy

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Van Nuys-based Electro Rent announced Wednesday afternoon that it has completed its acquisition of Telogy LLC , a supplier of electronic test equipment. The deal was worth $24.7M. According to Electro Rent, it will transfer TElogy's equipment inventory to its Southern California distribution center and integrate Telogy's operations into its own.

JetPack Aviation Links With Georgia Tech

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Van Nuys-based JetPack Aviation , a developer of commercially available "jet packs" for sending people into the air, said today that it has signed an agreement with Georgia Tech Research Institute. According to the company, the two will merge JetPack's technology with a similar subsystem bilt by Georgia Tech, to address military applications. JetPack did not details terms of the agreement with Georgia Tech, but said the two will jointly solicit R&D funding from the U.S.

Electro Rent Adds Board Member

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Van Nuys-based Electro Rent Corporation , which provides rental, leasing, and sales of electronic test equipment, PCs, and servers, said this morning that it has named Theodore E. Guth to its board of directors. Guth is EVP of Douglas Emmett, and also has previously served at Manatt, Phelps & Phillips, as well as Irell & Manella LLP, Guth Christopher LLP, Dabney/Resnick, Inc. and UCLA School of Law. electro rent sales test equipment rental executive board

Audiolife Gets $1M In Bridge Funding

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Van Nuys-based Audiolife , a firm that develops tools and technology to sell merchandise to music fans, announced today that it has raised $1M in a bridge round of funding. The firm said the round came as a single-tranche note, convertible to preferred shares. Source of the new funding was not disclosed. The company said the funding will go to hire key personal, further develop its technology platform, and for strategic partnerships.

Electro Rent Acquires Electronic Test Equipment Firm

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Van Nuy-based Electro Rent , a firm which provides rental, leasing, and sales of electronic test equipment, said Thursday that it has won a bid to acquire the assets of Telogy, LLC, a bankrupt provider of electronic test equipment. Electro Rent said it would pay $26.7M in cash for Telogy, adjusted based on changes in Telogy's net accounts receivable, equipment purchases and equipment sales since September 30, 2009.

Helinet Aviation Buys Shotover, Gets Funding

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Helinet , a provider of flight services to the entertainment, media, and other industries which is based in Van Nuys, said Thursday that it has acquired Shotover Camera Systems , a developer of a gyro-stablized, camera systems used for shooting aerial footage in Ultra High Definition.

FAA Extends More Unmanned Aircraft Exemptions To Hollywood

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The FAA said Monday that it has granted eight more regulatory exemptions for commercial use of unmanned aircraft systems (UAS), nearly all of them to a set of linked companies in Van Nuys which film for Hollywood. According to the FAA, it issued UAS exemptions to Total Safety US inc., Slugwear Inc., as well as Team 5, LLC, Shotover Camera Systems LP, Helinet Aviation Services LLC, and Alan D. Purwin, all for film and television production.

Audiolife Acquired By Alliance Entertainment

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Van Nuys-based Audiolife , the startup which provided product fulfillment for the music industry and artists, has been acquired by Florida firm Alliance Entertainment. Financial terms of the acquisition were not disclosed. According to Alliance Entertainment, Audiolife's founders will remain in Los Angeles, but the company will be moving its fulfillment operations to Shepherdsville, Kentucky.

Zoom Focus Eyewear Becomes Superfocus

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Van Nuys-based Zoom Focus Eyewear , the developer of eyeglasses which can replace the need for progressive and bi-focal eyeglasses, said this week that it has renamed itself Superfocus LLC. The firm said it has also renamed its TruFoculs eyeglasses as Superfocus. Superfocus develops eyeglasses which instantly change and adjust to what a user is looking at.

Local Firms Recognized For Innovation

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According to the WSJ, Zoom Focus Eyewear , Van Nuys-based developer of eyeglasses which can replace the need for progressive or bi-focal glasses, was awarded the Silver Winner in its award. A number of local, Southern California firms were recognized today by the Wall Street Journal, in that publication's annual Technology Innovation Awards.

X Prize Auctioning Off Zero Gravity Flight On eBay

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According to the foundation, the fundraiser will allow guests to purchase seats next to Cameron, as well as other X Prize board members, on a ZERO-G Experience flight taking off from Van Nuys airport in October.

How PolarPro's Photo Filters Are Riding The GoPro Wave

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So, I went to a packaging company in Van Nuys. Anyone who is into action sports know that GoPro has absolutely changed how the market since its debut, where it''s more odd to see action sports athletes not using a GoPro than using one.

Interview with Brandon Hance, Audiolife

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Van Nuys-based Audiolife (www.audiolife.com), a new startup focused on providing e-commerce tools to musicians, recently raised $1M in angel funding.