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Oracle

Oracle offers a comprehensive and fully integrated stack of cloud
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more information about Oracle (NYSE:ORCL), visit www.oracle.com. In Los
Angeles, contact Ryan Mondillo (Ryan.Mondillo@oracle.com).


Tuesday, October 10, 2017

Ixia's Parent Firm, Keysight Technologies, Hit By Fires

Tuesday, October 10, 2017

Keysight Technologies, the parent company of Calabasas-based Ixia, has been hit by the devastating fires in Santa Rosa, California, and has shut down its headquarters while it attempts to figure out what kind of damage was sustained at the location. Keysight acquired Ixia in January of this year for $1.6 billion. According to Keysight, all four of its main buildings appear to be intact, although two modular structures and several automobiles suffered "more extensive damage". The company did not have access to the property last night due to ongoing firefighting efforts. News reports reported buildings and cars burning in the Keysight office park. The sudden firestorm left at least 10 dead and hundreds missing, and completely obliterated entire city blocks in Santa Rosa, where Keysight is headquartered.

 
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Newegg Looks To Bring Back PC Building

Tuesday, October 10, 2017

Remember when building your very own PC was the only way to go? Los Angeles-based Newegg wants to bring back the days of building your own PC, with a new portfolio of kits to help people build their own PCs, the company said this morning. According to Newegg, it has rolled out a new set of PC Build Kits, which its says are ideal for people with "the itch to build their own PCs" but need additional guidance in building their own personal computer. Newegg's new kits allows users to select a case, AMD- or Intel-processor, and various other components--and get a selection of parts to bulid their own PC that meets their budget and performance requirements.

 
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A Closer Look At Disney's Move Into Streaming Services

Tuesday, October 10, 2017

How did Walt Disney Company decide to make its $1.58 billion investment in BAMTech, and get into the video streaming business? The New York Times has dived into the decisions and move behind Wal Disney's purchase of MLB spinout BAMTech, which was announced in August of 2016,and the decision making behind the purchase.

 
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Raytheon Selected By DigitalGlobe For New Satellite Constellation

Tuesday, October 10, 2017

Raytheon Company, which has its satellite operations in El Segundo, said today that it has been selected by earth imaging satellite provider DigitalGlobe, to act as the payload provider for DigitalGlobe. Raytheon said it will deliver the telescopes, detectors and combined electronics to Space Systems Loral, the WorldView Legion space vehicle integrator, as part of a new contract with DigitalGlobe. DigitalGlobe is in the midst of deploying a new satellite imaging constellation, which will support multispectral and 30 cm imagery of the most rapidly changing areas on Earth every 20 to 30 minutes, according to the company.

 
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Contact:

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Monday, October 9, 2017

Strobe Acquired By G.M.

Monday, October 9, 2017

Pasadena-based Strobe, a startup developing LIDAR systems for driverless cars, has been acquired by GM, GM said on Monday. Financial terms of the acquisition were not announced. G.M. said it would make Strobe a part of its Cruise Automation subsidiary, which is developing self driving technology. Strobe was led by CEO Julie Schoenfeld, and was founded by Dr. Lute Maleki. Strobe is a spinout of another Pasadena technology company, OEwaves. Cruise Automation said that Strobe's chip-scale LIDAR technology will "significantly enhance" the capabilities of its self-driving cars, and most importantly, reduce the cost of each LIDAR system on its self-driving cars by 99 percent. Cruise says Strobe's LIDAR sensor systems are implemented on a single chip.

 
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Rustic Canyon Backs UrbanSitter In New Funding Round

Monday, October 9, 2017

Los Angeles-based venture investor Rustic Canyon Partners is one of the returning investor in a new round for mobile, on-demand babysitting app and marketplace provider UrbanSitter. UrbanSitter said last week that it has raised $17M in a Series C funding round. The funding was led by Advance Venture Partners, and also included Canaan Partners, Aspect Ventures, DBL Investors, First Round Capital, Menlo Ventures and Rustic Canyon Partners. Rustic Canyon was an existing investor in UrbanSitter, which is based in San Francisco.

 
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SpaceX Successfully Launches Satellites From Vandenberg, Lands Booster

Monday, October 9, 2017

Hawthorne-based SpaceX has successfully launched another mission into space, sending a package of Iridium communications satellites into space from Vandenberg Air Force Base this morning at 5:37 a.m. PDT, in a launch which was visible from many parts of Southern California. SpaceX also successfully landed the first stage of the Falcon 9 rocket on a droneship, "Just Read the Instructions", in the Pacific. Image: A photo of the SpaceX launch just after first stage separation, taken from Ventura County.

 
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OpenX Names New CTO

Monday, October 9, 2017

Los Angeles-based OpenX has named a new CTO, saying this morning that it has appointed Paul Ryan as its new Chief Technology Officer. Ryan was previously CTO and founder of Zowdow, and also had served as CTO of Yellow Pages Group in Canada, Velocify and Overture. OpenX CEO Tim Cadogan said he has known Ryan for nearly two decades. OpenX operates an online advertising exchange and also is a provider of ad serving software.

 
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Report: Amazon Facing Issues In Hollywood

Monday, October 9, 2017

A report from the WSJ says that Amazon is "failing to dominate" in Hollywood, and is running issues with "lackluster releases" and strained relationships with its producers. Amazon runs all of its content business and production out of the Los Angeles area, as part of Amazon Studios.

 
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Quidel Closes On Acquisition Of Assets From Alere

Monday, October 9, 2017

San Diego-based diagnostic testing equipment maker Quidel has closed on its acquisition of Alere's Triage cardiovascular and toxicology business, the company said on Friday, in a deal worth up to $680M in total. Auqidel said it paid $400M in cash plus up to $280M in deferred consideration for Alere's B-type Naturietic Peptide (BNP) assay business. The deal had been originally announced on July 17th.

 
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General Micro Systems Wins $88M Army Contract

Monday, October 9, 2017

Rancho Cucamonga-based General Micro Systems said this morning that it has won an $88M, military contract, for rugged server and display systems. According to General Micro, the contract was for the U.S. Army, and will be used within the Army's Type II medium mine protection vehicles (MMPV). General Micro says the systems are based on the Intel Xeon E5. The $88M contract is over three years.

 
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SpaceX Targets Iridium Launch This Morning From Vandenberg

Monday, October 9, 2017

Hawthorne-based SpaceX is getting set this morning to launch another set of Iridium communications satellites into space, this time from Vandenberg Air Force Base, just north of Lompoc. According to SpaceX, the launch window for the Iridium-3 mission opens at 5:37 a.m. PDT, with a backup launch opportunity tomorrow, Tuesday, at 5:31 a.m. PDT. SpaceX said it will attempt to land the first stage of the Falcon 9 on a droneship in the Pacific Ocean with the launch.



 
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Friday, October 6, 2017

March Capital Partners Leads Series A Investment In Pensa

Friday, October 6, 2017

Santa Monica-based venture capital investor March Capital Partners has made another investment, this time as the lead in data center automation software maker Pensa. Pensa said Thursday that it raised a Series A funding round and launched itself into the automation software market for virtual data centers. Size of the funding was not announced. March Capital Partners' investment in Pensa comes on top of an earlier, seed funding round from The Fabric. Pensa said Thursday that it also has named Tom Joyce as CEO; Joyce has previously served at Dell, Hewlett-Packard and EMC.

 
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Why Hopscotch Is Behind Your Favorite Mobile Sports App, with Laurence Sotsky

Friday, October 6, 2017

If you're an NCAA fan, and you've loaded the app for your favorite team, there's a high likelyhood that the app is actually the product of El Segundo-based Hopscotch (www.gohopscotch.com). Hopscotch, led by Laurence Sotsky, has built software which enables sports teams, venues, and others to rapidly create mobile apps for their fans. We caught up with Lauren to hear about Hopscotch, and why teams and schools are turning to the company to power their mobile apps.

What is Hopscotch?

Laurence Sotsky: I started the company about two and a half years ago, with the intent of connecting people to their passions. We got our start in sports, with a ton of mobile applications for sports fans. We naturally progressed into live events, their passionate fan base, and to the venues themselves, where we are helping fans to navigate game day or the event day experience. Most recently, we've been laser focused on college, the culmination of sports and events. We've really been blessed over here to sign 40 schools for the seasons, with some of the biggest names in the NCAA. That includes Notre Dame, Oregon, UCLA, and others. We're now the biggest provider of mobile applications in college.

What do your apps do?

Laurence Sotsky: The applications themselves do a number of different things. We're the official mobile app for whatever our customer is. For example, we're the official mobile app of UCLA, even though behind the scenes is actually Hopscotch....

 
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The Honest Company Raises Series E Funding

Friday, October 6, 2017

Los Angeles-based The Honest Company, the natural home products brand, said late Thursday that it has closed on a Series E financing round. Size of the round was not announced. The round was led by Fidelity Management & Research Company, along with others. Unconfirmed reports place the funding at $75M, at $19.60 per share, a significant decrease from the company's prior valuation of $45.75. According to Honest Co., it will use the funding to shift from e-commerce to become "omni-channel" and to support its global expansion plans. The Honest Co. said that Goldman Sachs & Co. LLC served as placement agent on the transaction.

 
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TiTAN Platform Launches Into US Market

Friday, October 6, 2017

TiTAN Platform, a Chinese developer of "smart home" devices, says it has officially launched its U.S. product line, and set up its U.S. headquarters in Los Angeles. TiTAN says its product provide a "highly-encrypted" content platform which lets content owners upload and provide their content to consumers through a secure marketplace, all tied into a "smart home" device in the living room. TiTAN's U.S. CEO is Adrian Sexton, who the company said formerly headed up digital efforts at Lionsgate Entertainment, Participant Media and Endemol Shine.

 
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Oracle

Oracle offers a comprehensive and fully integrated stack of cloud
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more information about Oracle (NYSE:ORCL), visit www.oracle.com. In Los
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SoCal IP Law Group LLP - Serving the IP Needs of Technology Innovators

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Thursday, October 5, 2017

Bonfire Ventures Launches New Venture Capital Firm

Thursday, October 5, 2017

A new, Los Angeles-based venture capital firm, Bonfire Ventures--founded by venture veterans Jim Andelman and Mark Mullen, and assisted by Leah Volger--has made its first public announcement of an investment, after stealthily making investments in the region over the last few months. Bonfire, which has not yet announced its fund size or other details, says it is investing in founders who are building "software solutions that redefine how business gets done." The firm has so far invested in such companies as Fuel50, Tray, Postie, Openpath, Saferide, Trinity Mobile Networks, Branch, and Shippabo. Andelman is a veteran who has been investing at Rincon Venture Partners, and also was at Broadview Capital Partners and investment banking at Alex, Brown & Sons; Mullen has been investing out of his own fund, Double M Partners and Mull Capital, among other firms. The two have been involved in such exits as theTradeDesk, Burstly, Edgecast, Orbitera, and GradientX. Bonfire is just one of a long list of new funds to emerge in the last year in Southern California.

 
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Fuel50 Finds $2.5M For Career Management Tools

Thursday, October 5, 2017

Los Angeles-based Fuel50, a startup developing career management and coaching tools, has raised $2.5M in a Series A funding, according to the company. The funding came from Rincon Venture Partners and Bonfire Ventures. According to Fuel50, the new funding brings its total funding to $4.6M. Fuel50's software is used within businesses to help their employees manage their career path. As part of the funding, Jim Andelman of Rincon Venture Partners and Bonfire will join Fuel50's board of directors. Fuel50 is led by CEO and co-founder Anne Fulton.

 
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Tech Scenes: Greg Bettinelli of Upfront Ventures

Thursday, October 5, 2017




Welcome to Tech Scenes where we explore what makes tech founders and the cities they live in thrive.


In this solo episode we meet up with Greg Bettinelli and talk about Upfront Ventures, investing in Los Angeles, high performance cultures, building legacy, helping/funding/nurturing entrepreneurs and the future of the Los Angeles tech scene.


Watch Tech Scenes Episode One where we explore Los Angeles from Santa Monica, West Hollywood, to Compton and meet up with Royce Disini of Mobcrush, Greg Bettinelli of Upfront Ventures, Leura Fine of Laurel and Wolf, John Tomich of One Stop Internet, and Expree Devora of WeAreLATech.


Produced by: Jeff Martin CEO and Founder of Collective Genius and Lead by Change


Empowered by: Collective Genius - Executive Search for Emerging Companies. (www.collective-genius.com)


Media Sponsor: SOCALTECH - High Tech News and Information for Southern California. (www.socaltech.com)


Show Guests:


Upfront Ventures: Greg Bettinelli (www.upfront.com)

 
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HyreCar Expands In Wisconsin

Thursday, October 5, 2017

Los Angeles-based online car rental service HyreCar is expanding its reach in the Madison, Wisconsin area, through a link with personal chauffeur app developer RideAlfred. According to the two, HyreCar's inventory will be available to drivers for RideAlfred in Madison. HyreCar lets drivers who aren't using their vehicles rent them out to others. The companies said they are looking to make it easier for people who wish to earn money as drivers for RideAlfred drive for the service, and other ride-sharing and delivery services. HyreCar provides rentals by the day, week, or month. The company is led by CEO Joe Furnari.

 
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Aerie Pharmaceuticals Acquires Drug Delivery Assets From Envisia

Thursday, October 5, 2017

Irvine-based Aerie Pharmaceuticals, which is developing treatments for patients with glaucoma and other eye diseases, said this morning that it has acquired a number of drug delivery assets from Envisia Therapeutics. According to Aerie Pharmaceuticals, it is paying $25M in a combination of cash and common stock for the technology. The technology involved is a system capable of creating precisely engineered sustained release of pharmaceuticals, according to Aerie, which it says it will use to accelerate the advancement of its pipeline.

 
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Skyworks Powers Connected Car Products From ZTE

Thursday, October 5, 2017

Irvine-based analog semiconductor maker Skyworks Solutions says it is powering a new connected car platform for ZTE this morning. According tto Skyworks, ZTE is incorporating various products from the company in its platforms for the connected car, including products needed to support numerous wireless protocols and frequency protocols. Exact Skyworks products used in ZTE's products were not announced.

 
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Whether you’re building your team or searching for a job you love, we want
to understand your unique needs and goals to create an incredible fit for
your future.

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Stubbs Alderton & Markiles Preccelerator

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mentorship and access to a strategic perks portfolio with the objective of
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Preccelerator® Program provides these benefits to as many as 10 promising
young startups in separate growth tracks.

http://stubbsalderton.com/preccelerator/


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highest quality representation while maintaining the responsiveness and
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Contact:

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Wednesday, October 4, 2017

Ligand Buys Crystal Bioscience For $25M

Wednesday, October 4, 2017

San Diego-based Ligand Pharmaceuticals announced late Wednesday that it has agreed to acquire Crystal Bioscience, a developer of chicken-derived, human antibodies. Ligand said it agreed to pay $25M in cash plus additional potential payments of up to $10.5M based on "success-based" milestones and revenue sharing. Crystal has developed technology which allows chickens to be used to generate human antibodies. Crystal bills its antibody technology "OmniChicken".

 
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Techstars Music Makes Call For New Los Angeles Class

Wednesday, October 4, 2017

Techstars Music, the music startup accelerator in Los Angeles, says it is on a worldwide tour to find founders interested in participating in its new class, which starts on February 5h. According to Techstars, its applications close on October 15th, and that it will be making final selections around December 15th. Last year, Techstars Music said it had 11 startups who participated, who have so far raised more than $15M in total funding. Techstars Music is just one of three startup accelerator efforts run by Techstars in Los Angeles--the accelerator operator also has Techstars LA and the Cedars-Sinai Accelerator powered by Techstars.

 
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March Capital's FogHorn Finds $30M More

Wednesday, October 4, 2017

FogHorn Systems, a developer of machine learning software for the industrial and commercial IoT market, which is backed by Santa Monica-based venture investor March Capital, has scored more funding. FogHorn said it received $30M in a Series B funding, which was led by Intel Capital and Saudi Aramco Energy Ventures, and also included Honeywell Ventures. The company's Series A investors, which include March Capital Partners, along with GE, Dell Technologies Capital, Robert Bosch Venture Capital, Yokogawa Electric Corporation, Darling Ventures and The Hive, also participated. FogHorn Systems is based in Mountain View, California.

 
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Ten-X Acquisition By Thomas H. Lee Completes

Wednesday, October 4, 2017

Irvine-based Ten-X, an online real estate marketplace, is now officially owned by private equity investor Thomas H. Lee Partners, T.H. Lee said this morning. The deal was originally announced in August. Ten-X, formerly known as Auction.com, was venture backed by Stone Point Capital, and CapitalG (formerly Google Capital), who continue to hold minority stakes in the company. Financial details of the acquisition were not announced. Ten-X has an online real estate marketplace for both residential and commercial real estate. The company lets both investors and individuals use its services.

 
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Snap Says It Has Sold 150,000 Spectacles

Wednesday, October 4, 2017

Evan Spiegel, the CEO of Venice-based Snap, says that so far, it has sold more than 150,000 of its camera-equipped sunglasses--much more than expected by the company. Spiegel reported the sales numbers in an interview with Vanity Fair at its Vanity Fair New Establishment Summit yesterday. Snap first rolled out its Spectacles in September of 2016, through limited access "vending machines", but has since started selling them it its own stores, Amazon.com, and through other outlets.

 
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Veracity Industrial Networks Adds $1.5M In Funding

Wednesday, October 4, 2017

Aliso Viejo-based Veracity Industrial Networks, which develops secure industrial networking technology, has raised $1.5M in a Seed D funding, the company announced this morning. The funding came from Microsemi, Hollencrest Capital Management and Schweitzer Engineering Laboratories (SEL). Veracity, which is led by CEO Paul Myer, said the funding will go towards ramping its business, as well as for further development of its industrial cybersecurity products. Veracity's technology is used in such industrial networking as power plants and water treatment facilities.

 
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Green Commuter Opens Up Electric Car Sharing In LA

Wednesday, October 4, 2017

Los Angeles-based Green Commuter, a startup offering up electric car sharing services, says it has officially started offering up its services in Los Angeles. Green Comutter is now offering up Tesla Model X vehicles to LA residents by the hour or weekend, while offering up those same vehicles to vanpoolers and fleets during the week. According to Green Commuter, its vehicles are available to users via its mobile app. Green Commuter did not say how many vehicles it has so far deployed in LA< but said it launched its first, 20-vehicle car sharing program in Chattanooga last year, and started its vanpooling efforts here last year. Gustavo Occhiuzzo is CEO of Green Commuter.

 
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Newegg Aims At Maker Market

Wednesday, October 4, 2017

Los Angeles-based online e-retailer Newegg is setting its sights on the growing "Maker" market, the large group of technology enthusiasts who are into building and creating their own electronic projects. According to Newegg, it has launched a new "Maker" category on its site, which it says is dedicated to builders and DIY tech enthusiasts. According to Newegg, the new category will feature such items as developer kits, drones, home automation and boards, including Raspberry Pi and other similar products. Newegg said it wil be at the Maker Faire San Diego this week to help launch itself into the market.

 
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Tuesday, October 3, 2017

Petnet Picks Up $3.75M More

Tuesday, October 3, 2017

Los Angeles-based automated pet feeder developer Petnet has raised $3.75M more in funding, as part of an ongoing, $6.5M funding round, according to a regulatory filing by the firm today. Details on the funding have not yet been announced by the company. Petnet has previously raised $10M in a Series A funding from Petco and others. The company's automated, smartphone-connected products--including its SmartFeeder and SmartBowl products--are available at petco, as well as online. The company's CEO is Carlos Herrera.

 
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Smith Micro Raises $5.5M In Private Placement

Tuesday, October 3, 2017

Aliso Viejo-based software maker Smith Micro Software, which is publicly traded on the NASDAQ as SMSI, says it has raised $5.5M in a private placement. The investors in the private placement wre not announced. Smith Micro said the it issued 5,500 shares of a newly designated, Series B 10% convertible preferred stock at $1,000 per share in the funding. The company explained that the Series B Preferred Stock is convertible into the Company's Common Stock at a conversion price of $1.14 per share, or approximately 4,824,000 shares.

 
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Hyperloop One Dreams Reach Missouri

Tuesday, October 3, 2017

The dream of being one of the first cities in the world to have a high-speed, Hyperloop system has just reached Missouri, as Missouri Department of Transportation (MODOT), the St. Louis Regional Chamber, the KC Tech Council, the University of Missouri System, and the Missouri Innovation Center in Columbia said on Tuesday that they are looking to create a public-private partnership with Los Angeles-based Hyperloop One. According to the groups, they have formed the Missouri Hyperloop Coalition, which will seek to advance the building of a Hyperloop route linking Kansas City, Columbia, and St. Louis along the I-70. The group says they are looking to secure $1.5M in private funding for a feasibility study of the route. The interest in Hyperloop comes as a result of a competition--run by LA's Hyperloop One--for groups to figure out if their cities would benefit from its high tech, high-speed transportation system. Hyperloop One is one of a number of companies trying to bring the concept of Elon Musks' Hyperloop transportation idea to fruition. Hyperloop One has built its own--albeit, short--full-scale Hyperloop test system in the desert outside of Las Vegas.

 
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ServiceNow Acquires Telepathy

Tuesday, October 3, 2017

Enterprise software developer ServiceNow has acquired San Diego-based Telepathy, a developer of software used in the user interface and experience area, according to the two. Financial terms of the acquisition were not announced. Telepathy was founded by Chuck Longanecker in 2001. ServiceNow was founded in San Diego, but is now based in Santa Clara.

 
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Velocify Now Part Of Ellie Mae

Tuesday, October 3, 2017

Los Angeles-based Velocify, the developer of lead management software, is now officially part of Ellie Mae, Ellie Mae said late Monday afternoon. Ellie Mae paid $128M for Velocify. Ellie Mae said the acquisition will help in its efforts to deliver digital mortgage capabilities, and that it will integrate Velocify's lead management, engagement and distribution capabilities within its Encompass CRM tool. Nick Hedges, former president and CEO of Velocify, will become a senior vice president at Ellie Mae as part of the acquisition deal.

 
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