Wpisy z October 24th, 2008

CADFORCE Acquired By Neilsoft Ltd.

Marina Del Rey-based CADFORCE, a venture-backed provider of CAD support services, has been acquired by Puna, India-based Neilsoft Ltd. CADFORCE co-founder James Katz told socalTECH.com that the firm will remain in Marina Del Rey, with the whole team staying on. CADFORCE has about 30 employees in California, while Neilsoft has 850 employees split between India, Chicago, and Frankfurt, Germany…. (more)

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Digital Performance Raises $3.2M, Hires CEO

Long Beach-based Digital Performance, which develops technology for online sales efforts in the after market automotive parts sector, is announcing Monday that it has raised $3.2M in a Series A funding round. The round was led by Rincon Venture Partners, and also included Arcturus Capital and Momentum Venture Management…. (more)

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Chip Shot: Intel Teams with Oprah Winfrey on Campaign

There are very few audiences as big as “The Oprah Winfrey Show,” which is why it’s so exciting that Intel is a marketing partner for the 2008-2009 season. The campaign centers around the power of the processor, the freedom of mobility and Intel’s investment in education. Intel will also have a major presence the O You! event happening in San Francisco tomorrow, October 25. O You! is an annual event that brings O, The Oprah Magazine to life with speakers such as Nate Berkus, Suze Orman, Peter Walsh and more. Intel will make portions of the event, including live Q&A web casts with some of the speakers, available for viewing at www.oyouonline.com, powered by Intel Centrino 2 processor technology. Available beginning the week of November 3, visitors can also view some of the expert sessions which will take place throughout the event. To submit questions in advance of the show for any of the eight event speakers, visit O You! Intel Insider.

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Intent.com Launches Wellness Site

Santa Monica-based Intent.com said Thursday that it has launched a new web site focused on wellness and social networking. The site–which was co-founded by Deepak Chopra’s daughter, Mallika Chopra–said it is looking to create a community of like-minded members, blogs from wellness experts, and other curated online content. The new site fatures blog posting from Deepak Chopra, Olivia Newton John, Ed Begley Jr…. (more)

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Phenomix Gets $75M In Deal With Forest Labs

San Diego-based biopharmaceuticals firm Phenomix will receive $75M in an upfront payment, and up to $340M total, in a deal with Forest Laboratories, Inc., the firms said Thursday. According to the companies, they are in a definitive collaboration agreement to develop and commercialize dutogliptin, the small molecule drug for treating diabetes that Phenomix is developing. The move comes a day after Phenomix withdrew its IPO from the Nasdaq, citing market conditions…. (more)

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Audyssey Lands $2.5M

Los Angeles-based Audyssey Laboratories, the audio technology firm whose founders include Tomlinson Holman, inventor of THX, has quietly raised $2.5M more in venture funding. The funding was disclosed in this week’s PricewaterhouseCoopers/NVCA venture capital report. Details of the funding were not disclosed, however, the firm has previously raised capital from Antehm Ventures…. (more)

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FrameMax Raises $10M

San Diego-based FrameMax has raised $10M in a round of venture capital, for the firm’s light gauge steel framing technology for the construction industry. The round was led by Arcapita Ventures, and also included H.I.G. Ventures, Cross Creek Capital, and NVestech. The round was announced last month. According to FrameMax, its turnkey solutions offers faster construction at competitive or below normal construction costs…. (more)

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Day Software Hires Marketing Head

Newport Beach-based Day Software, a developer of content management software, said this week that it has appointed Kevin Cochrane as the firm’s Chief Marketing Officer. Cochrane joins the company from Alfresco, where he was VP of Product Management. Cochrane has also served at Interwoven, where he was the fourth employee, Day Software said. Day Software’s products are used for enterprise content management, for managing web site content, and related efforts.

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Report: Break.com Cuts Staff

Beverly Hills-based online entertainment site Break.com has reportedly laid off 11 staffers, according to a report by CNET. Break.com’s CEO Keith Richman, which focuses its efforts on providing videos, games, and other entertainment for men, told CNET that the firm is planning to hire the same number of people in the future, with different skill sets.

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Xirrus Rolls Out New Hardware

Thousand Oaks-based Xirrus has rolled out a new Wi-Fi array, the firm said earlier this week, the Xirrux XN8. Xirrus develops switched wireless Wi-Fi hardware which combines multiple Wi-Fi access points in a single piece of hardware. The firm’s products are targeted at providing higher bandwidth and coverage than standard Wi-Fi access points. According to Xirrus, its new Wi-Fi array provides 802…. (more)

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