Software Company Valuations Are Rising, Michael Robertson Launches DAR.fm, & More San Diego BizTech News
What started as a quiet week for San Diego technology news got busy at the end. We wrapped it all up for you here.
—San Diego’s Software Equity Group released its annual software industry equity report, showing the annual median valuation of 161 companies in its main index at the highest valuation since 2007—2.3 times trailing 12-months revenue. The report says software mergers and acquisitions are expected to ramp up significantly in 2011.
—Like other venture investors, Southern California’s Tech Coast Angels said its deals were up, but dollars were down in 2010. The angel investment group said its members provided funding for 31 startups last year, a 30 percent increase over 2009, but the group said the total amount invested by TCA and others dropped by more than a third, to $40.2 million over the same period.
—San Francisco-based Ecotality (NASDAQ: ECTY) has begun installing its Blink Level 2 residential charging stations at homes in Los Angeles, San Diego, Portland, Seattle, and Chandler, AZ.
—Michael Robertson, San Diego’s provocative Internet entrepreneur, launched his newest startup, DAR.fm. The company’s website provides a Web-based digital audio recorder that enables users to search through a catalog of 600 music and talk-radio programs and schedule the site to record up to four hours of any streaming audio broadcast.
—San Diego’s Zementis, which has developed a predictive analytics decision management system called ADAPA, formed a strategic partnership with Palo Alto, CA-based Revolution Analytics, the leading commercial provider of the open source programming language known as “R.” Financial terms were not disclosed.