socaltech.com TechNews - Tuesday, December 9, 2014

Benjamin F. Kuo Tue, 09 Dec 2014 06:23:41 -0800

socaltech.com TechNews - Tuesday, December 9, 2014
Edited by Benjamin F. Kuo
ISSN: 1524-6736
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--Fuhu Plans Streaming Service For Nabi Tablet
--Snapchat Snags Investment Banker For Strategy Position
--Western Digital Pays $100K To Resolve Chinese Compliance Issue
--Enevate Announces Battery Technology
--RealD In Technology Licensing Deal
--CurbStand Names CTO, CFO
--mobileStorm Spins Out mPulse To Tackle Healthcare Opportunity
--CollegeHumor Seeks Buyer, Says Report
--Sony PlayStation Network Knocked Offline Overnight

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Fuhu Plans Streaming Service For Nabi Tablet
----
Los Angeles-based Fuhu, the maker of the popular nabi children's
tablets, is planning a big launch into the streaming movie, music, and
media market this week, according to reports. According to reports,
Nabi is planning to launch a $4.99 per month service called nabi Pass
which will let gets get access to movies, shows, music, e-books, and
interactive games. Fuhu has quietly risen to become of the fastest
growing technology companies in Los Angeles, and recently topped the
Deloitte Fast 500 list for Los Angeles. According to research firm
NPD, Nabi sold over 1.5 million of its tablets in 2013 and leads the
children's tablet market. The company is led by Robb Fujioka.

Snapchat Snags Investment Banker For Strategy Position
----
Venice-based messaging app developer Snapchat has hired a high
profile, technology investment banker onto its team, the company
disclosed Monday. Snapchat has hired Imran Khan, who had most recently
been head of Internet banking at Credit Suisse, as its Chief Startegy
Officer. Khan has worked on IPOs of Alibaba, Zalando, King Digital,
Weibo, and Jumei, and also had served at J.P. Morgan Chase & Co. as an
analyst.

Western Digital Pays $100K To Resolve Chinese Compliance Issue
----
Irvine-based Western Digital reported this morning that it has paid
$100,000 and restructured a department, in order to put to rest two,
non-compliance matters raised by China's Ministry of Commerce
(MOFCOM), related to WD's acquisition of HGST back in 2012. (More...)
http://www.socaltech.com/western_digital_pays____k_to_resolve_chinese_compliance_issue/s-0058137.html

Enevate Announces Battery Technology
----
Irvine-based Enevate, a venture-backed battery technology startup
focused on advanced, rechargeable Lithium-ion (Li-ion) batteries, said
this morning that it has rolled out some new battery technology. The
startup--backed by Mission Ventures, Draper Fisher Jurvetson, Tsing
Capital, Infinite Potential Technologies, Presidio Ventures, and CEC
Capital--said it rolled out its HD-Energy Technology for Li--ion
batteries, which it says enables high density, rechargeable Li-ion
batteries with more than four times the energy density of conventional
batteries. The company says it is aiming its technology for us in
smartphones, tablets, ultra-thin/hybrid notebook PCs, and wearable
devices.

RealD In Technology Licensing Deal
----
Los Angeles-based 3D movie projection technology developer RealD said
today that it has licensed some of its technology to theater screen
manufacturer Harkness Screens International Limited. Financial details
of the licensing deal were not announced. RealD said it licensed its
Precision White Screen Technology, which helps provide substantially
brighter screens on both 2D and 3D movies. RealD says its technology
provides high quality 2D and 3D images with better brightness
uniformity and wider viewing angles.

CurbStand Names CTO, CFO
----
Los Angeles-based CurbStand, the venture-backed developer of valet
parking apps, said this morning that it has named Ethan Kravitz as its
Chief Technology Officer, and Frank Mastronuzzi as Chief Financial
Officer. The company said Kravitz has previously served at Rumr and
Invoca, and has more than eight years of experience in the field. The
company said that Mastronuzzi has more than 15 years of experience in
the financial area. Mastronuzzi's LinkedIn profile indicates he was a
co-founder of OneGoodLove.com, and has also served at Michael S. Smith
Inc, American Greetings Interactive, MyLife/Reunion.com, Match.com,
Motorola, and Deloitte.

mobileStorm Spins Out mPulse To Tackle Healthcare Opportunity
----
Los Angeles-based mobile marketing firm mobileStorm said Monday that
it has spun off a new startup, mPulse, which is aiming to address a
number of opportunities in the healthcare communications area. mPulse
said it will help health plans, hospitals, pharmacies, wellness
companies, and exchanges better engage with consumers. The two
companies said the new company will extend the technology and
capabilities developed by mobileStorm over the past fifteen years.
mobileStorm will continue to be headed by Jared Reitzin, with the new
healthcare startup being led by Chris Nicholson. Nicholson was most
recently VP and COO at Humana Wellness. mobileStorm said the split
comes due to a the success and amount of business out of its
healthcare division.

CollegeHumor Seeks Buyer, Says Report
----
Los Angeles-based online humor site CollegeHumor is reportedly on the
block, with majority owner IAC looking to sell its stack in the
company for $100M, According to Fortune. The report cited "sources
familiar with the situation" in the move. Apparently, IAC has been
shopping CollegeHumor.com around to companies due to the boom in
online content activity, including the recent sales of Maker Studios,
Fullscreen Media, BigFrame, and Stylehaul--all local Los Angeles
multi-channel networks (MCNs). CollegeHumor joins FunnyOrDie, another
Los Angeles comedy property, in making the rounds of buyers.
http://www.socaltech.com/collegehumor_seeks_buyer_says_report/s-0058125.html

Sony PlayStation Network Knocked Offline Overnight
----
It looks like Sony just can't get a break from hackers nowadays, as
news came Monday that Sony's Playstation Network (PSN) was knocked
offline for hours on Sunday night, as a result of a massive
distributed denial of service (DDoS) attack on the gaming service.
Sony has been dealing with ongoing hacker activity against its service
for months. Apparently, the group behind the DDoS attack on Sony was
also behind a similar DDoS attack on Xbox Live on Friday. That group
is apparently different from the group believed to be behind a
different attack on Sony's corporate network, which has apparently
resulted in the release of 47,000 Social Security numbers of former
and current employees and countless confidential corporate documents.
http://www.socaltech.com/sony_playstation_network_knocked_offline_overnight/s-0058124.html

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