Quest Buys San Diego’s BakBone, Novatel Acquires Enfora, West Wireless Health Institute Develops its First Prototype, & More San Diego BizTech News
It was a week of deals for San Diego’s technology companies, with some tales of new product developments thrown in for extra measure. Our briefing begins here.
—Novatel Wireless (NASDAQ: NVTL), the San Diego provider of wireless mobile devices, said it is buying machine-to-machine specialist Enfora of suburban Dallas. Avondale Partners analyst John F. Bright said Novatel had been looking to make a M2M purchase for some time. “We believe the M2M space has attractive characteristics, including longer design cycles and less competition than the market for PC adapters,” Bright wrote in a research note.
—BakBone Software, a San Diego-based data backup and storage management company, has agreed to be acquired by Aliso Viejo, CA-based Quest Software for $55 million, including debt payments. Preferred shareholders stand to receive $23.2 million in the sale. BakBone reported $61.8 million in revenue for its fiscal year ended in March, up from $56 million the prior year.
—San Diego-based Nirvanix, founded in 1998 as Streamload, raised an additional $10 million in venture capital from its existing investors Intel Capital, Mission Ventures, Valhalla Partners, and Windward Ventures. Nirvanix also named former QLogic executive Scott Genereux as CEO.
—Redlands, CA-based ESRI, the world’s largest developer of geographic information system (GIS) software, has added a personal place history app to its free offerings available online at the Apple iStore. I talked with ESRI’s Bill Davenhall. The app represents the fulfillment of a vision that Davenhall described at TEDMED 2009, which is that a patient’s place history is just as important in assessing human health risks as genetics and lifestyle.
—The non-profit West Wireless Health Institute revealed that its first engineering prototype is a a wireless fetal and maternal monitoring device. Dr. Mohit Kaushal, who is the institute’s chief strategy officer and an executive vice president of business development, has agreed to describe the device at the Xconomy Forum on Health IT—The Consumer Payoff that begins at 5:30 p.m. at the Johnson & Johnson Pharmaceutical R&D Center this Wednesday, November 17. Online registration is here.
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