Los Angeles Business Journal

LA TECHNOLOGY

Recent and archived news stories on: Alternative Energy, Automotive, Computing, Engineering, Internet, Nanotech, Software, Telecom, Wireless...

MarketShare Receives $8 Million to Finance Recent Purchase

Marketing attribution company MarketShare of Westwood has raised an $8 million investment round to finance its April purchase of fellow marketing attribution company DataSong.

Garcetti Signs Agreement to Fund Storm Water Treatment Project

Trying to address both the drought and the cleanup of Santa Monica Bay, Los Angeles Mayor Eric Garcetti signed an agreement on Thursday finalizing an estimated $40 million storm water treatment project to clean polluted runoff from Los Angeles International Airport before it runs into the bay.

Science Inc. Sells Off Mobile Ad Network PlayHaven

After just eight months of ownership, startup studio Science Inc. of Santa Monica announced yesterday that it had sold off its mobile advertising network PlayHaven to mobile game publisher RockYou of San Francisco for an undisclosed amount.

Zealot Networks Hires Google Creative Director

Google Creative Director Jeben Berg has reunited with Danny Zappin, his former boss at Maker Studios. Zappin has lured Berg back down to Los Angeles to join his Zealot Networks as head of creative and marketing solutions.

Activision Beats Estimates, Lowers Full-Year Guidance

Santa Monica video game publisher Activision Blizzard Inc. beat first quarter earnings projections, posting adjusted net income of $116 million (16 cents a share) on revenue of $1.28 billion.

Upfront Most Active Investor in L.A. Tech Companies

Upfront Ventures was the most active investor in Los Angeles tech companies over the last six years with over 30 deals done, according to a report released today by venture capital database CB Insights.

Fullscreen Buys Social Media Promotion Company

Fullscreen, the Playa Vista video creator and YouTube multichannel network, has acquired social media promotion company McBeard Media. Terms of the deal were not disclosed, but all of McBeard’s 100-plus employees will join Fullscreen, according to Alan Beard, the firm’s chief executive.

L.A. Launch List: May 1

The Los Angeles Business Journal brings you a weekly roundup of L.A. tech company and product launches.

Boingo, Sprint Partner for Wi-Fi Calls at Airports

Boingo Wireless of Los Angeles announced today that it would offer free Wi-Fi coverage at 35 U.S. airports to 40 million Android handsets on Sprint’s cellular network.

Briefs: Tetra Tech Shares Jump, Executive Moves at AeroVironment

Tetra Tech Jumps on Earnings Shares of Pasadena engineering firm Tetra Tech Inc. climbed 11 percent Thursday, a day after the company reported quarterly earnings.

Whisper Appoints New President, Reveals Use Stats

Whisper, the anonymous social media website and app company, has revealed its number of monthly active users for the first time.

Dun & Bradstreet Buys Back Former Unit

Dun & Bradstreet, which sold its Dun & Bradstreet Credibility Corp. unit to private equity group Great Hill Partners for $10 million in 2010, announced yesterday it would buy back the Malibu company for $320 million.

Snapchat Hires a CNN Reporter to Lead News Team

Further expanding its editorial team, Snapchat has hired a prominent CNN political reporter.

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Future Comes Down to Wire

FINANCE: Startup hopes to spur remittance shops to jump online.

WireCash looks to help remittance shops get a line on the future by translating their business to the Internet.

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Blogging a Case Of Advertising?

LAW: Attorneys’ Internet entries may clash with state bar rules.

Blogging attorneys may be courting trouble with the California State Bar’s advertising rules.