San Clemente-based Sambazon, which markets food and beverages using the Brazilian fruit acai, said Thursday that it has raised a round of private equity funding. The funding came from Verlinvest, a Belgian private equity group. Sambazon said the funding will go towards distribution and marketing of its products. Bradmer Foods and RSF Social Finance also [...]
Los Angeles-based ElephantDrive is targeting users of AOL’s Xdrive service, the online data storage service that AOL said it is closing in January. According to ElephantDrive CEO Michael Fisher, the company will provide free file transfer from Xdrive to ElephantDrive for users, as well as a 30-day free trial account. ElephantDrive provides an online data [...]
San Diego-based MP3tunes, the online music storage service headed by former MP3.com founder Michael Robertson, is stepping up its legal battle against EMI. In an email, Robertson said this morning that it has submitted a legal response in the lawsuit filed against his firm by EMI. EMI claims that the service–which allows users to store [...]
Irvine-based Broadcom has fired a Vice President at the firm, after a shareholder activist raised questions about the executive’s college degree. According to a SEC filing by Broadcom Wednesday, the employment of Vahid Manian, the firm’s Senior Vice President of Global Manufacturing Operations, was terminated, and a search launched to find his successor. Reason for [...]
A new Santa Barbara-based startup, Cogi, said today that it has launched a new service focused on helping consumers and professionals take notes on their phone calls or meetings. The firm–which was founded by Robert Dolan of Callwave, Mark Cromack of CrystalVoice, and Palmer Jackson of Ideocore–allows users to record important phone calls and in-person [...]
CalPERS, the California pension fund which is a major limited partner in venture capital funds here, apparently sold its stake in Palomar Ventures III, L.P. sometime earlier this year. CalPERS has been selling funds on the secondary market as it seeks to pare down its holdings. A partner at Palomar Ventures declined to comment, saying [...]
