SAN FERNANDO VALLEY
Healthy Praise: Providence Holy Cross Medical Center’s emergency department has been named by physician group CEP America as the best among CEP’s membership. CEP, which provides emergency department management and staffing services, ranked hospitals based on treatment of serious medical conditions, patient satisfaction survey results and the wait time for seeing a physician.
Juiced Up: Sylmar battery manufacturer Quallion LLC has received a $1 million state grant for mass-producing batteries for electric vehicles. The company will add $1 million to the grant from the California Energy Commission’s alternative and renewable fuel and vehicle transportation program. Quallion plans to use the money to manufacture a line capable of producing 10,000 one-kilowatt hour lithium ion batteries.
Networking Pays: Woodland Hills-based online forum network CrowdGather has completed financing of $1.3 million in convertible preferred shares with two unidentified foreign investors. CrowdGather sold 1.3 million shares of Series A Preferred Stock for $1.00 per share. Executives said the cash will be used by CrowdGather to pay for further acquisitions of forum properties and enable it to pursue its goal of being listed on a U.S. stock exchange.
That’s the Ticket: Spotlight Ticket Management, a Woodland Hills firm that offers web-based ticket-tracking software for corporate ticket owners and sports teams, has closed a $2.5 million round of initial funding. The round was led by Point Judith Capital, an early stage venture capital fund based in Providence, R.I.
New Office: Weitz & Luxenberg P.C., a New York-based personal injury firm, has opened an office in Los Angeles, its first on the West Coast. The new outpost is at 9025 Wilshire Blvd. in Beverly Hills. The office will be managed by Joseph C. Maher II.
Branching Out: Bigfoot Entertainment Inc., a Venice-based film and TV company, has launched Bigfoot Ascendant Distribution LLC. Bigfoot Ascendant will serve as the parent company’s theatrical and home entertainment distribution division, and foreign sales arm.
WEST LOS ANGELES
Clicking on Web: Rubicon Project, a West L.A.-based digital advertising services company, has acquired digital ad platform Fox Audience Network from News Corp. As part of the deal, News Corp. will receive a noncontrolling stake in the combined entity, which will operate under the name Rubicon Project. Financial terms of the deal were not disclosed.
Moving Outdoors: Evolve Media Corp., a Culver City-based operator of enthusiast websites, has acquired LiveOutdoors.com, a site covering hunting, fishing and motorsports. Financial terms of the deal were not disclosed. Evolve will use the new site as the basis to launch its LiveOutdoors Media, a collection of outdoors activity sites.
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