socaltech.com TechNews - Tuesday, July 31, 2012 Edited by Benjamin F. Kuo ISSN: 1524-6736 http://www.socaltech.com/News ------------------------------------------------------------------------ Sponsored by:
Clearstone Ventures (www.clearstone.com). Venture capital for innovators. Silicon Valley Bank (http://www.svb.com). Helping entrepreneurs succeed. Stubbs Alderton Markiles, LLP (http://www.stubbsalderton.com). Business. Technology. Law. Vision. Safire Partners (http://www.safirepartners.com). Los Angeles-based executive search for emerging growth companies Deloitte LLP (http://www.deloitte.com/us/technology). ------------------------------------------------------------------------ --BlackLine Reports Record Revenues, New Clients --HipGeo Adds Video Support To Mobile App --Borrego Solar Creates New Solar Energy Fund --uSamp Adds Gould, Moriarty To Board --iRise Strengthens Ties With SAP --It's Official: Ross Levinsohn Out At Yahoo --Rafat Ali's Skift Launches, Targets Travel Pros --eVenues Takes On EventUp With Meeting Marketplace --Docstoc Bolstering Premium Business Courses --Yahoo Employees Get Free Lunch, But Not In Santa Monica --Intuit Cuts Workers In San Diego --E3 To Remain In LA --Teeology Driven By Social Voting, Buzz --DFJ Frontier's Netpulse Gets $15.6M More --Xirrus Ships Wireless Planning Software MARKETPLACE --The latest trend in tech: Ordering Food Online with Seamless --LAVA's Annual Venture Capital Panel - August 14th, Santa Monica --Binary Pulse Technology Marketing. We Create Demand. --TriNet: Top 5 HR Compliance Concerns for Small Business RECENT JOB POSTINGS --JDE Business Analyst, Los Angeles, TenTek, Inc. --Project Manager, Los Angeles, TenTek, Inc. --BPC (MS) Architect, Glendale, TenTek --Failure Analysis Engineer, Chatsworth, DataDirect Networks --System Administrator, Chatsworth, DataDirect Networks RECENT FUNDING EVENTS --------------------------------------------------------------------------- BlackLine Reports Record Revenues, New Clients ---- Los Angeles-based BLackLine Systems, the developer of financial accounting software used for automating account reconciliation and financial close, reported this morning that it had record revenues in Q2, and a slate of well known clients. The company said it had 56 percent growth over the comparable quarter a year ago, with revenue up more than 50 percent for the first half of 2012. Actual financial results were not announced by the company. In addition, the firm said it has added such clients as Expedia, Groupon, ValueClick, Lafarge SA, Constellation Brands, and Tenneco Gmbh. BlackLine is headed by Therese Tucker. HipGeo Adds Video Support To Mobile App ---- Fullerton-based HipGeo, the location-based application developer co-founded by Scott Daniel, Jeff Kunzleman and Richard Rygg, has debuted a new mobile app, the company said this morning, which now supports video in its location-based streams. The firm said its new app helps users combine photos, videos, and text, and turns them into "virtual journals" which can be shared on Facebook, Twitter, and Pinterest. new app, which runs on the Apple iPhone and other platforms, automatically pulls photos, video, and text from social networks like Facebook, organized by location and plotted on a map. HipGeo is backed by Mora Ventures. Borrego Solar Creates New Solar Energy Fund ---- San Diego-based Borrego Solar Systems, the venture-backed financier and installer of solar power systems, announced this morning that it has close a new, $64.4M solar financing fund. Borrego said the new fund came from U.S. Bank (Minneapolis) and National Cooperative Bank (Washington, DC), and will go to finance solar energy projects for corporate, education, and municipal customers. Borrego Solar provides power purchase agreements (PPAs), which are used to help financing grid-tied, solar photovoltaic systems. The firm said it has now raised over $225M in capital. The new fund will specifically go towards 18 megawatts of solar energy across eight projects, including four municipal landfills and one school district. uSamp Adds Gould, Moriarty To Board ---- Encino-based uSamp, which provides technology and services for market research and surveying, said this morning that it has added Alan Gould and Sean Moriarty to its board of directors. Gould is a Venture Partner with Greycroft Partners, and Moriarty is the former President and CEO of Ticketmaster. Gould, who formerly founded IAG Reserach (acquired by Nielsen), also was on the board of VIZU, which was acquired by Nielsen Company in July, and also serves on the boards of Harris Interactive, among other companies. Moriarty is chairman of Triton Digital and Metacloud, and also serves on the boards of Eventbrite and TuneIn. uSamp was founded by Matt Dusig and Gregg Lavin. iRise Strengthens Ties With SAP ---- El Segundo-based iRise, the developer of visualization software for the enterprise market, has strengthened its links of its products to SAP, the company said this morning. iRise said its software is now being offered as a business add-on to SAP's ASAP methodology, and is being resold by SAP as SAP Application Visualization software by iRise. Details of the business deal between iRise and SAP were not announced. iRise is an existing SAP partner. The comapny develops application visualization software, used to prototype applications before they are implemented into real applications. ASAP is SAP's set of implementation rules for streamlining and implementing projects on its software. It's Official: Ross Levinsohn Out At Yahoo ---- Ross Levinsohn, who has been heading up Yahoo as Interim CEO, is officially leaving the firm tomorrow, according to a regulatory filing by Yahoo. (More...) http://bit.ly/QP3aze Rafat Ali's Skift Launches, Targets Travel Pros ---- Rafat Ali, who founded and eventually sold Santa Monica-based online paidContent to Guardian News & Media, has returned from several years of travel on the road, and launched his latest startup, Skift. The new startup--based in New York--launched Monday, and said it will focus on offering "news, insights, data, tools, and services" to professionals in the travel industry and for professional business travelers. Ali founded ContentNext, the parent firm of paidContent, mocoNews, and contentSutra, selling it for what was at the time worth $30M back in 2008; ContentNext was recently sold, again, to GigaOM. Ali had departed ContentNext and Los Angeles, back in 2010, to embark on what he called a "head-clearing trip of a lifetime." Skift is backed by around $500,000 from angel investors. http://www.socaltech.com/intelligence/index.php?action=showdeal&id=44390 eVenues Takes On EventUp With Meeting Marketplace ---- Santa Monica-based EventUp, the online marketplace backed by Science Inc. and run by Tony Adam, which helps people find venues for their events, has a new competitor in town this morning, meeting marketplace startup eVenues. http://bit.ly/MOHIOP Docstoc Bolstering Premium Business Courses ---- Santa Monica-based Docstoc, the online small business resources site led by Jason Nazar, is looking to bolster its video content with more content around small business subjects. In an email to supporters, Nazar said Monday that the company is looking to partner with experts, to shoot courses around such subjects as getting customers, learning online software, marketing, raising money, and other business topics. The company said the courses can be created by users remotely, or shot at its production studio in Santa Monica--and that it would also look to pay those experts for their expertise. Docstoc already offers up a large library of business videos, which it offers to its Docstoc Premium members. Yahoo Employees Get Free Lunch, But Not In Santa Monica ---- Yahoo, which finally has a new CEO, former Googler Marissa Mayer, has brought back one of the most cherished startup institutions: free lunch, at least in Sunnyvale, according to AllthingsD. (More...) http://bit.ly/R00MtU Intuit Cuts Workers In San Diego ---- Intuit, the developer of personal finance and tax software, is making major cuts in San Diego, according to a report from the San Diego Union Tribune. Intuit, has major operations in its Consumer Group in San Diego, working on its Turbo Tax software. The report said that 134 of 226 workers company wide were from the division, with a large portion of those in San Diego. E3 To Remain In LA ---- Local video gaming fans, and Los Angeles city officials, can relax this morning after the industry's big conference, Electronic Entertainment Expo (E3), said it will remain at the Los Angeles Convention Center through 2015. (More...) http://www.socaltech.com/e3_to_remain_in_la/s-0044131.html Teeology Driven By Social Voting, Buzz ---- Los Angeles-based Teeology, the new luxury t-shirt service backed by tech entrepreneur Brian Lee, and co-founded by celebrity Jennifer Lopez, looks to have taken the idea of closely listening to your customers to heart, and is basing its business on social voting and social buzz. The company (More...) http://bit.ly/NfsBIc DFJ Frontier's Netpulse Gets $15.6M More ---- One of the portfolio companies of Los Angeles-based venture capital investor DFJ Frontier has scored a big, $15.6M funding round this morning, to bolster its development of digital entertainment systems for fitness treadmills. Netpulse, which is based in San Francisco, said it has raised $15.6M in its Series C funding, which was led August Capital, and also included Javelin Venture Partners, DFJ Frontier, and Parkview Ventures. August Capital's David Marquardt joins the company's board. One of Netpulse's original investors was DFJ Frontier; DFJ's involvement there is managed by Scott Lenet. Netpulse is the developer of digital entertainment systems which connect into treadmills and other fitness equipment, giving users access to interactive TV, music videos, videos of landscapes, social competition tools, and other services. http://www.socaltech.com/intelligence/index.php?action=showdeal&id=44314 Xirrus Ships Wireless Planning Software ---- Thousand Oaks-based Xirrus is looking to help wireless network designers to implement its wireless arrays, with a new software tool released today. The firm said it has launched a new Wi-Fi Designer application, which allows users to plan wireless networks, by matching signal levels and band requirements for mobile devices like iPads, laptops, and smart phones. The firm said the app can help designers plan a Wi-Fi network strategy with its Xirrus Wireless Arrays, helping to determine positions, array configurations and more. Xirrus makes Wi-Fi access point arrays which provide better coverage and performance, particularly in high density environments like schools, conference centers, office buildings, and elsewhere. --------------------------------------------------------------------------- MARKETPLACE Reach 10000+ readers for 5 days for $250 Post your marketplace ad at: http://www.socaltech.com/postad.html ------------------------------ADVERTISEMENT------------------------------- The latest trend in tech: Ordering Food Online with Seamless >From individual meals and late-night group orders, to catered meetings and blowout parties, Seamless is the easiest way to feed the office. We link companies and their employees to hundreds of local food options, offer fast and convenient online ordering and provide just one invoice for all food orders. Join us for lunch and learn how we can make your hungry office happy. August 14th @ 12 pm – Lucques August 15th & 12 pm – Wilshire Space is Limited - RSVP today https://seamlessoffice.wufoo.com/forms/los-angeles-lunch-learn/ ------------------------------ADVERTISEMENT------------------------------- LAVA's Annual Venture Capital Panel - August 14th, Santa Monica LAVA Special Event LAVA's Annual Venture Capital Panel Tuesday August 14, 2012 6:00pm - 9:30pm Fairmont Miramar Hotel & Bungalows, 101 Wilshire Blvd, Santa Monica, CA 90401 Meet the top VCs who are investing in Southern California. Find out what they are looking to invest in. Find out what does it take to secure Venture Capital for your company. Learn about the hottest trends and the mistakes NOT to make. Moderator: Jon Funk, Founder, Ocean Road Partners Confirmed Panelists Jim Andelman, Managing Partner, Rincon Venture Partners David Caseras, Principal, Vicente Capital Partners See http://www.lava.org ------------------------------ADVERTISEMENT------------------------------- Binary Pulse Technology Marketing. We Create Demand. Binary Pulse Technology Marketing We Create Demand for California's Technology Companies For more than ten years, dozens of Southern California's industry-leading tech firms have turned to Binary Pulse for their demand-generating strategies and programs. Our services include: -- Demand Generation Planning and Execution -- Channel Program Development -- Lead Capture and Management -- Web Site Development & Search Engine Marketing -- Corporate and Product Branding -- Online Integration Strategies -- Reseller Recruitment -- Multimedia Presentations -- Social Media Marketing Please visit us at http://www.binarypulse.com to learn more or give us a call at 949-336-7400. ------------------------------ADVERTISEMENT------------------------------- TriNet: Top 5 HR Compliance Concerns for Small Business As the economic horizon continues to shift and belts tighten, small and medium sized companies — who typically have between 10 to 500 employees and represent 99.7 percent of all employer firms according to the U.S. Small Business Administration (SBA) — may wind up being so focused on core business issues that they overlook one of their most potentially serious and costly issues — human resource compliance. Unlike their large-company counterparts, they lack the time and resources to build infrastructure and processes that are beyond core business objectives. But if entrepreneurs and smaller business owners are focused solely on growth and product, how do they know what issues to look for in order to protect the company? This is a must-read paper that discusses the top 5 HR compliance issues they may face. Download at: http://www.socaltech.com/trinet/wp.php?id=5 ------------------------------ADVERTISEMENT------------------------------- ------------------------------------------------------------------------ RECENT JOB POSTINGS More jobs at http://www.socaltech.com/Jobs Members post jobs for free JDE Business Analyst, Los Angeles, TenTek, Inc. http://www.socaltech.com/showjob.php?id=5390 Project Manager, Los Angeles, TenTek, Inc. http://www.socaltech.com/showjob.php?id=5389 BPC (MS) Architect, Glendale, TenTek http://www.socaltech.com/showjob.php?id=5388 Failure Analysis Engineer, Chatsworth, DataDirect Networks http://www.socaltech.com/showjob.php?id=5387 System Administrator, Chatsworth, DataDirect Networks http://www.socaltech.com/showjob.php?id=5386 SalesForce.com Administrator, Sunnyvale, DataDirect Networks http://www.socaltech.com/showjob.php?id=5385 ------------------------------------------------------------------------ RECENT FUNDING SUMMARY 07/26/12 Pop-up Pantry $1.7M http://www.socaltech.com/intelligence/?action=showdeal&id=44307 07/26/12 Just Fabulous $76.0M http://www.socaltech.com/intelligence/?action=showdeal&id=44308 07/26/12 Apptopia.com $1.0M http://www.socaltech.com/intelligence/?action=showdeal&id=44305 07/25/12 CoDa Therapeutics $20.0M http://www.socaltech.com/intelligence/?action=showdeal&id=44241 07/25/12 NantPharma $125.0M http://www.socaltech.com/intelligence/?action=showdeal&id=44240 07/19/12 MOVIECLIPS, INC. $0.0M http://www.socaltech.com/intelligence/?action=showdeal&id=44139 07/18/12 Retention Science $1.3M http://www.socaltech.com/intelligence/?action=showdeal&id=44060 07/16/12 Tealium Inc. $10.5M http://www.socaltech.com/intelligence/?action=showdeal&id=44042 07/12/12 POPTENT INC $5.5M http://www.socaltech.com/intelligence/?action=showdeal&id=43964 07/11/12 MiCardia $4.4M http://www.socaltech.com/intelligence/?action=showdeal&id=43098 07/11/12 ValCare $8.0M http://www.socaltech.com/intelligence/?action=showdeal&id=43669 07/11/12 SteelHouse $8.3M http://www.socaltech.com/intelligence/?action=showdeal&id=43670 07/11/12 StackSocial $0.8M http://www.socaltech.com/intelligence/?action=showdeal&id=43674 07/10/12 Zumbox $10.0M http://www.socaltech.com/intelligence/?action=showdeal&id=43641 07/09/12 BIOSURPLUS, INC. $2.4M http://www.socaltech.com/intelligence/?action=showdeal&id=43614 --------------------------------------------------------------------------- Upcoming Events This Month http://www.socaltech.com/Calendar socaltech.com Calendar of Southern California High Tech Events Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html July 31, Westwood -- ExecTec - Golden Rules for BusinessNEW . See http://www.socaltech.com/calendar/eventid/22646 August 1, Santa Monica -- Santa Monica Media Leaders Networking Event. Mingle and chat about all things tech, marketing and advertisin. See http://www.socaltech.com/calendar/eventid/22633 August 1, San Diego -- MIT Enterprise Forum, Wine Social. The MIT Enterprise Forum San Diego signature wine social, held annually, is widely recognized as the premier networking event for San Diego's technology and biotechnology community. See http://www.socaltech.com/calendar/eventid/22597 August 1, Santa Monica -- Next MediaLeaders Networking Event. Hey there MediaLeaders. Summer is officially here and we’re hosting a Santa Monica networking event at the Sonoma Wine Garden to celebrate this great weather. This spacious venue has tons of outdoor seating and lots of areas to mingle and chat about all things tech, marketing and advertising. If you look close…you can see the Santa Monica beach from the balcony. See http://www.socaltech.com/calendar/eventid/22590 August 2, Santa Monica -- LA CEOs presents: Scrum for CEOs - How to Manage Teams in a 2.0 World. Does your development team need “just two more weeks” to deliver their work? Was that the same answer they gave two months ago? How does the Scrum process change team collaboration and accelerate development? Learn from one of our very own LA CEOs, Bill Sewell, about his team’s experience with Scrum, which began with training from with Master Scrum Trainer Scott Downey. This event is restricted to CEOs only of product companies with a minimum of $2million in funding or revenue.. See http://www.socaltech.com/calendar/eventid/22631 August 2, Calabasas -- 9th Annual Summer Social for the electronics industry at the World Famous Sagebrush Cantina. This event typically draws 150+ and is always a lot of fun reuniting old friends and making new ones~! All distributors, mfrs. reps, OEM's and anyone related to the electronics industry here in So. California. Email [email protected]. See http://www.socaltech.com/calendar/eventid/22620 August 2, Los Angeles -- Future of Film in the Digital Age. In the world of filmmaking, Financing, Promotion and Distribution are the three most common challenges that prevent filmmakers from achieving their creative and professional goals. With the rise of crowdfunding and online marketplaces, new doors are opening that allow a new generation of creatives - those who are both talented filmmakers and savvy marketers - to exploit their talents and realize their full potentialNEW . See http://www.socaltech.com/calendar/eventid/22647 August 2, Santa Monica -- LA CEOs presents: Scrum for CEOs. LA CEOs, an education and support group for CEOs presents: Scrum for CEOs - How to Manage Teams in a 2.0 World. Does your development team need “just two more weeks” to deliver their work? Was that the same answer they gave two months ago? How does the Scrum process change team collaboration and accelerate development? Learn from one of our very own LA CEOs, Bill Sewell, about his team’s experience with Scrum, which began with training from with Master Scrum Trainer Scott Downey. Scrum is not just for developers, it’s common sense project management framework for teams that manage increasing amounts of tasks and priorities.NEW . See http://www.socaltech.com/calendar/eventid/22644 August 7, Westlake Village -- Los Angeles Clean Technology Council Conference. Our keynote speaker is Tom McGrath, Founder of LABS Renewable Energy. Tom will present "A Disruptive Technology-Converting Waste Into Energy With Fuel Cells.. See http://www.socaltech.com/calendar/eventid/22629 August 9, Santa Monica -- Startups Uncensored #29 - Eventbrite Co-Founders Kevin and Julia Hartz. Eventbrite is an online service that people everywhere use to create, share, and join any event imaginable. Eventbrite enable's event creation, promotion and ticket sales. They help people discover events that match their passions. And they let everyone share the events they're creating or joining, bringing more people together around the world. See http://www.socaltech.com/calendar/eventid/22639 August 10, Santa Barbara -- Clean Business Investment Summit. The Clean Business Investment Summit aligns the power of capital to bring together cutting-edge entrepreneurs and investors looking for dynamic opportunities in green, sustainable business with powerful entrepreneur presentations and an outstanding lineup of speakers exploring critical facets in sustainability, business growth strategies, investment opportunities, and more. See http://www.socaltech.com/calendar/eventid/22640 August 14, Santa Monica -- LAVA's Annual Venture Capital Panel. Meet the top VCs who are investing in Southern California. Find out what they are looking to invest in. Find out what does it take to secure Venture Capital for your company. Learn about the hottest trends and the mistakes NOT to make. Moderator: Jon Funk, Founder, Ocean Road Partners. Confirmed Panelists: Jim Andelman, Managing Partner, Rincon Venture Partners; David Casares, Principal, Vicente Capital Partners; Dana Settle, Partner, Greycroft Partners. See http://www.socaltech.com/calendar/eventid/22627 August 18, Los Angeles -- TECHBREW Multi-Dimensional MEGA MIXER. The TECHBREW Multi-Dimensional MEGA MIXER will include a workshop, presentations by international speakers, Lielle Arad and Alan Tratner, and a celebratory and fun mini-concert entertainment by the unique pop innovators, B4Neptune. Alan and Lielle will be speaking about responsibility in a special presentation entitled, ‘The Sustainable Planet & the Total Vantage Point’. See http://www.socaltech.com/calendar/eventid/22637 August 22, Santa Monica -- SM New Tech Meetup. 10 min presentation by Winston J. Perez on Concept Modeling for technology entrepreneurs. 5 amazing new tech companies will presentNEW . See http://www.socaltech.com/calendar/eventid/22648 August 23, Santa Monica -- TEDxSantaMonica Salon Event. Join TEDxSantaMonica for a salon-style event as we explore how local Santa Monica people are transforming the community and inspiring othersNEW . See http://www.socaltech.com/calendar/eventid/22645 ----------------------------------------------------------------------- Sponsored by: Rustic Canyon Partners (www.rusticcanyon.com). Funding great entrepreneurs. Clearstone Ventures (www.clearstone.com). Venture capital for innovators. Silicon Valley Bank (http://www.svb.com). Helping entrepreneurs succeed. Stubbs Alderton Markiles, LLP (http://www.stubbsalderton.com). Business. Technology. Law. Vision. Safire Partners (http://www.safirepartners.com). Los Angeles-based executive search for emerging growth companies Binary Pulse Technology Marketing (http://www.binarypulse.com). We Create Demand for California's Technology Companies. Deloitte LLP (http://www.deloitte.com/us/technology). TriNet (http://www.socaltech.com/trinet) The HR outsourcing partner for emerging tech companies. Fetch Recruiting, Inc. (www.fetchrecruiting.com) Technical Recruiting for LA based Startups and High-Growth Companies Email [email protected] for more information about sponsoring this newsletter. ----------------------------------------------------------------------- You are receiving this email because you subscribed to the socalTECH.com TechNews from our web site, or otherwise requested a subscription. If you do not want to receive this newsletter go to: http://www.socaltech.com/unsubscribe.php or email us at [email protected] ------------------------------------------------------------------------ Legal Notices ---- While SOCALTECH LLC has used its best efforts in collecting and preparing the information published herein, SOCALTECH LLC does not assume, and hereby disclaims, any liability for any loss or damage caused by errors or omissions, whether such errors or omissions resulted from negligence, accident or other causes. All contents Copyright (c) 2012 SOCALTECH LLC. All rights reserved. socalTECH.com - Dedicated to High Tech in Southern California http://www.socaltech.com/ SOCALTECH LLC 4607 Lakeview Canyon Road, Suite 290, Westlake Village, CA 91361 _______________________________________________ Socaltech mailing list [email protected] http://listserv.socaltech.com/mailman/listinfo/socaltech
