Reliam acquires Stratalux; Aviron bets on interactive movies; ICX Media opens Los Angeles office.
Reliam, a South Bay-based company that manages public cloud platforms for other businesses, announced it has acquired Stratalux, another South Bay-based cloud services company, the Business Journal reports. Both Reliam and Stratalux work with Amazon Web Services and Reliam also works with Microsoft Azure. The merger combines Reliam’s 34 employees with Stratalux’s 24. The companies were not willing to share specific financial information, but Reliam is acquiring Stratalux through an investment by Great Hill Partners, a Boston-based private equity firm and an investor in Reliam since 2017. According to its website, Great Hill targets investments ranging from $25 to $150 million.
Aviron Bets on Interactive Movies
Beverly Hills-based asset management company Aviron Capital has acquired a substantial equity stake in Kino Industries, developer of CtrlMovie, a patented interactive movie experience that gives audiences seamless control over the direction of movie narrative via a smartphone app, according to Deadline. Aviron Capital, financed primarily by wealth management company BlackRock, also funds film distribution company Aviron Pictures. Financial details of the deal were not disclosed.
ICX Media Opens Los Angeles Office
ICX Media Inc., a video intelligence platform and creative exchange, announced the opening of a Santa Monica office, TCMnet reports. The company is headquartered in Washington D.C. and has a New York office as well. ICX Media’s Business Development Lead for the West Coast, Brian Kurtzman, will open the new office and work to expand the company’s offerings to digital studios and enterprise-level media companies
Technology reporter Eli Horowitz can be reached at [email protected]. Follow him on Twitter @coachhorowitz13 for the latest in L.A. tech news.
