DivX Buyout Anticipates Boom in Internet TV, ViaSat Sees Big Bet Paying Off, Solekai Leads Charge in Smart Grid Software Development, & More San Diego BizTech News
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customers like Sony Electronics, DirecTV, and TiVo. But now Solekai president Martin Caniff and CTO Marco Thompson are see the smart grid as the next opportunity for exponential growth.
—Startups considering an IPO are now looking more seriously at doing a reverse merger instead, according to Byron Roth, the chairman and CEO of Roth Capital Partners. What used to be viewed as a penny stock promoter’s game is now more of a hybrid between an IPO and a private equity buyout, with a hedge fund making its private investment in a public entity almost simultaneously with the reverse merger.
—San Diego’s renewable energy technology cluster gained some added capabilities following a couple of announcements by Japanese companies here last week.
—Sanyo and UC San Diego agreed to collaborate on a three-year R&D renewable energy program, focusing in particular on advancing energy storage and real-time monitoring of solar power production. It is Sanyo’s first collaboration with a U.S. university. The Japanese giant will provide $3 million to support the work and deliver about 20 of its advanced batteries—each about the size of a typical DVD player—for use by UCSD engineering students and researchers.
—In a separate announcement, Kyocera said it has begun manufacturing solar modules in San Diego, with initial annual production of 30 megawatts of solar energy generating capacity. Kyocera said it wants to produce 1,000 megawatts of solar power by March 2013.
—San Diego videogame accessory-maker Mad Catz Interactive (AMEX: MCZ) acquired Tritton Technologies, an audio headset maker based in Vista, CA, in a deal that eventually could total $10 million over the next five years.
—SDNN, an online media news website also known as the San Diego News Network, has put itself up for sale just 15 months since the founders, power couple Neil Senturia and Barbara Bry, launched the company. The startup raised at least $707,000 from investors, according to regulatory filings. One media report says SDNN raised almost $3.2 million, with close to a third coming from Qualcomm scion Gary Jacobs.
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