socalTECH.com - Southern California High Tech NewsNews and events about the Southern California high tech industryMSC.Software Buys The MacNeal Group- June 24, 2008 Santa Ana-based MSC.Software, a developer of software for the CADCAM simulation market, said Tuesday that it has acquired MacNeal Group, a provider of simulation software for systems design. Financial terms of the acquisition were not disclosed. The MacNeal Group develops computer aided engineering (CAE) software for simulating parts designs. MacNeal's software is based on NASTRAN, a finite element analysis software package which MSC.Software developed for NASA in the 1960's to simulate CAD...http://www.socaltech.com/msc_software_buys_the_macneal_group/s-0016007.html Digital Insight Signs Credit Union Organization- June 24, 2008 Calabasas-based Digital Insight, the digital banking firm owned by Intuit, said yesterday that the firm has signed a strategic relationship with the Credit Union National Association Strategic Services (CUNA Strategic Services). According to the company, CSS has named Digital Insight as its preferred provider of online banking products and services. Financial and other details on the strategic relationship were not disclosed. Digital Insight is a provider of online bill payment and online...http://www.socaltech.com/digital_insight_signs_credit_union_organization/s-0016003.html Nirvanix In Deal With CDN Firm- June 24, 2008 San Diego-based Nirvanix said yesterday that it has inked a strategic partnership with content deliver network (CDN) firm CDNetworks. According to Nirvanix, which provides online storage-as-a-service, CDNetworks' customers will be able to store unlimited content on the Nirvanix service. Financial details of the arrangement were not announced. CDNetworks is a provider of content deliver network services for online video and data files. Nirvanix is a provider of online storage, available...http://www.socaltech.com/nirvanix_in_deal_with_cdn_firm/s-0016002.html AMO In Patent Deal With Alcon- June 24, 2008 Santa Ana-based Advanced Medical Optics said Tuesday that it has entered into a patent cross-licensing agreement with Alcon. According to the firms, Alcon will pay AMO $31M, and AMO will pay Alcon $10M in the deal. The patent covers technology for lubricious intraocular lens (IOL) inserters and one-piece IOL haptic designs. AMO is a developer of ocular surgery products and devices, as well as laser vision correction systems. AMO said it expects to receive the $21M proceeds in the second quarter.http://www.socaltech.com/amo_in_patent_deal_with_alcon/s-0016001.html AeA Releases High Tech Employment Figures- June 24, 2008 The AeA, a technology trade association, released its annual high technology employment report today, the Cybercities 2008. The report shows employment levels in the Los Angeles, Orange County, and San Diego areas of high tech workers, based on 2006 data. According to the AeA, Los Angeles had 172,200 people employed in the high tech industry in 2006, the sixth largest in the nation; Orange County had 100,900 jobs; and San Diego had 106,400, which ranked the area as the nations 13th largest...http://www.socaltech.com/aea_releases_high_tech_employment_figures/s-0015948.html Aptera Hires Marketing Exec- June 24, 2008 Carlsbad-based Aptera Motors, the Idealab-backed hybrid-electric vehicle maker, said today that it has hired on Tony Kirton as its new Chief Marketing Officer. Aptera said that Kirton joins the firm after serving as an independent marketing and brand consultant; he has previously served at Audi of America, Volkswagen & Audi, and Chief Marketing Officer of BMW's South African marketing and manufacturing subsidiary.http://www.socaltech.com/aptera_hires_marketing_exec/s-0015990.html GreatCall Raises $38M In Third Round- June 24, 2008 Del Mar-based GreatCall, which operates the Jitterbug mobile phone service, said this morning that the firm has raised $38M in a Series C funding round. The round was led by Court Square Ventures, and included existing investors Steelpoint Capital, Charles River Ventures, Nauta Capital, and the firm's founders, Marty Cooper and Arlene Harris. GreatCall said that Sumitomo also participated through a conversion of previously issued notes. GreatCall's Jitterbug service is focused on providing a...http://www.socaltech.com/greatcall_raises_38m_in_third_round/s-0015988.html Quest Software Links With Virtualization Software Maker- June 24, 2008 Aliso Viejo-based Quest Software said Tuesday that it has joined up with virtualization software maker Parallels, to launch a new software bundle for centralized Windows deployment and management. Financial aspects of the deal were not disclosed, however Quest said that the new software combines Parallels server virtualization software, and Quests's desktop brokering and management software, Provision Networks Virtual Access Suite. The software bundle is targeted at the desktop virtualization...http://www.socaltech.com/quest_software_links_with_virtualization_software_maker/s-0015987... HireRight Rolls Out New Screening Offering- June 23, 2008 Irvine-based HireRight, a provider of software-as-a-service for employee screening, said today that it has rolled out a new product targeted at mid-market firms. According to the company, its new HireRight Professional background screening solution is targeted at mid-sized companies. The new offering comes on top of existing enterprise and small businesses, and includes process automation, online consent forms and support for electronic signatures, links into compliance tools, and more....http://www.socaltech.com/hireright_rolls_out_new_screening_offering/s-0015968.html EyeCyte Gets Funding- June 23, 2008 San Diego-based EyeCyte, a firm developing products for the treatment of retinal disease, said Monday that it has raised a Series A funding round from Pfizer. The deal was worth $3M. EyeCyte said that its technology is based on research from The Scripps Research Institute in La Jolla. The firm is developing treatments for retinal diseases, including diabetic retinopathy, retinopathy of prematurity, retinal vascular occlusive disease, age-related macular degeneration (AMD) and retinitis...http://www.socaltech.com/eyecyte_gets_funding/s-0015983.html |