SAN FERNANDO VALLEY
CALABASAS
Nasdaq Noncompliance: Ixia, a Calabasas computer networking software developer, has received a notice of noncompliance from Nasdaq after failing to file its third quarter earnings. Ixia was supposed to submit a compliance plan last week. The company said that its filing has been delayed by the October resignation of Chief Executive Vic Alston after it became known that he falsified his resume.
CHATSWORTH
Nasdaq Trading: MRV Communications Inc., a Chatsworth telecommunications component manufacturer, said that it was scheduled to begin trading last week on the Nasdaq Global Markets. MRV had previously traded on Nasdaq until being suspended in 2009 for failure to meet requirements on filing quarterly earnings. MRV has traded on the OTC Market since then.
BEACH CITIES
HERMOSA BEACH
Game On: Virtual Piggy Inc., a Hermosa Beach-based online payment system aimed at youths, has signed a partnership with Munich’s Europe Games Group to allow its roughly 15 million gamers to purchase in-app items via Virtual Piggy’s Oink payment system. Virtual Piggy generates revenue by taking a transaction fee from its partner businesses.
Office Property: AICI has purchased a Hermosa Beach office property for $8.7 million from TA Realty Associates. The two-story, 24,635-square-foot Hermosa Center, at 2447 Pacific Coast Highway, was 79 percent leased at the time of sale.
WESTSIDE
BEVERLY HILLS
Tuned In: StationDigital Inc., an Internet radio and digital broadcast platform provider in Beverly Hills, has acquired a controlling interest in Alarming Devices Inc., a development-stage home and commercial wireless alarm system provider in Reno, Nev., that trades over-the-counter as “ALDV.” StationDigital plans to merge with the alarm maker. Financial terms of the deal were not disclosed.
VENICE
Signed Up: RadPad, a mobile rental listings app maker in Venice, has raised an additional $1 million in capital through new and existing investors. The raise included Menlo Park’s Deep Fork Capital and Century City’s Post Investment Group.
CENTRAL AREA
DOWNTOWN LOS ANGELES
New Outpost: McCathern, a Dallas-based law firm, has opened a local office following its merger with downtown L.A.’s Braden Hinchcliffe & Hawley. McCathern’s new outpost is at 888 W. Sixth St.
EAGLE ROCK
Credit Union: Los Angeles Firemen’s Credit Union in Eagle Rock will change its name to Firefighters First Credit Union at the end of the month. The credit union, which has more than $870 million in assets, serves more than 265 fire departments across California.
COMMERCE
Rolled Up: Atlas Carpet Mills Inc., a Commerce maker of high-end floor-covering products, has been acquired by Dixie Group Inc., a Chattanooga, Tenn., maker of carpets and rugs. Financial terms of the deal were not disclosed.
