Wpisy z March 11th, 2008
Irvine-based LifeMasters Supported SelfCare said Tuesday that it has raised $15M in funding from some of its existing investors. Investors in the new round included VantagePoint Venture Partners, Saints Capital, and Opus Capital. LifeMasters develops health improvement programs and services. LifeMasters said the funding would be used to execute on its strategic growth initiatives and expand its programs. LifeMasters’ programs focus on providing healthcare programs for managing chronic conditions such as diabetes, chronic heart failure, COPD, and other diseases.
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Woodland Hills-based Gumiyo has inked a partnership with Target Media Partners, a publisher of local classified advertising publications for the auto and other markets, the firms are set to announce tomorrow. Gumiyo will provide its private label platform to Target Media Partners for its publications, which include the Recycler Classifieds, AutoBuys, Jobs Magazines, and others. Financial impact of the deal was not disclosed. Target Media operates over 100 publications and 40 websites. Gumiyo operates a service which connects classifieds listings to mobile phones, and allows advertisers to receive inquiries via text messages or phone calls.
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The research firm says comparing apples to apples is important because terminating or renegotiating a contract can be expensive. Why the CORE chairman says it’s difficult to do the job properly
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The carrier says it’s the first in Canada to bring voice message conversion to e-mail, but an IDC analyst suggests IT managers should be careful about their deployment strategy
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Alertle tries to offer a more desktop-style experience in order to reduce another potential form of information overload. How many feeds can you read?
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The software maker identifies 12 vulnerabilities within its productivity suite, including one that allowed hackers to create zero-day exploits around Excel. Also: Problems with the “mailto” link
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Irvine-based Specific Media, a major online advertising network, reported yesterday that it saw a 300 percent increase in its revenues in 2007, compared with 2006. The privately held, venture backed firm did not report its actual financials. Specific Media said that it now reaches more than 140 million unique visitors in the U.S., ranked only behind AOL, Yahoo, and Google. Specific Media operates an online advertising network which provides advertisers with the ablity to target consumers based on very specific demographic information. The firm recently pulled in a giant, $100M private equity funding round from Francisco Partners to help the firm expand and acquire competitors. Along with the growth, Specific Media said it has recently opened a Boston office serving its clients on the East Coast, and has hired more than 50 employees in the past year…. (more)
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Los Angeles-based Language Weaver is reporting that the firm has inked a strategic partnership with a European translation firm, Reverso. Language Weaver, which develops language translation software, said that Reverso will include its technologies in its business-to-business translations software. Reverso, which is based in France, will be supported by a new Language Weaver sales and operations office in France. Financial terms of the partnership were not disclosed. Reverso develops software and professional linguistic services for enabling corporate translation efforts. Language Weaver is a venture funded spinout of the University of Southern California’s Information Sciences Institute.
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Los Angeles has made a list of the fastest growing regions for venture capital, released today by the National Venture Capital Association. According to the NVCA and PricewaterhouseCoopers, Los Angeles was among the top five regions of the nation in terms of venture capital growth between 1997 and 2007, with a 155% increase in ten year investments in the area. The report named Clearstone Venture Partners, U.S. Venture Partners, Draper Fisher Jurvetson, and Redpoint Ventures as the most active investors in the region, and found that 41 percent of companies in the Los Angeles area covered by the report were in the Seed/Early Stage. Others areas of the country highlighted by the report included New Mexico, Pittsburgh, Seattle, and Washington DC.
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Chatsworth-based MRV Communications said Tuesday that it has named Guy Avidan as CFO of the firm. Avidan was serving as the firm’s acting CFO. The firm also said it has added Chris D. King as the firm’s VP Finance and Chief Compliance Officer, as of January. Avidan has been MRV’s acting CFO since July of last year, and has been at the company since 1995. King joins the firm from Tandberg Television Inc., and also previously served as CFO of GoldPocket Interactive. King was also at PricewaterhouseCoopers. MRV is a provider of optical components and networking equipment and services.
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