WebSideStory Founder Returns with Anametrix, VMIX Gets Capital, Cannon Power Group Closes Record Wind Power Deal, & More San Diego BizTech News
Could San Diego’s software sector be strengthening? We’re seeing a couple of new companies and some new funding, and our roundup is here.
—Veteran software CEO John Mutch, who headed a bankruptcy reorganization of San Diego’s Peregrine Systems, is now at the helm of BeyondTrust, an IT security company that recently moved its headquarters to Carlsbad, CA, from Agoura Hills, CA. Mutch says BeyondTrust will hire 15 to 20 employees in coming months, including a new chief technology officer.
—San Diego-based Anametrix, which is developing cloud-based analytics technology for business customers, raised half of an intended $2.3 million round from private investors. Anametrix was founded last year by Blaise Barrelet, who is bringing together some local dot-com hall of famers as employees and advisers. The list includes DivX co-founder Jerome Rota, MP3.com founder Michael Robertson, iBaby founder Gavin Mandelbaum, and Neil Senturia, who founded internet kiosk maker Atcom/info.
—San Diego-based VMIX, a startup that provides an online video platform for mostly media customers, raised $2.5 million in a Series C round of venture funding. VMIX, which has raised $26 million since it was founded in 2005, plans to use the capital to expand into more markets and roll out service operations in Europe and Asia.
—Ryan talked with Jeff Bocan, a managing director for the Farmington Hills, MI-based private equity and venture firm Beringea for a profile of Mophie, a Santa Ana, CA-based startup that provides electronic accessories for smartphones and other mobile devices. Beringea was the first institutional investor in Mophie, which works with San Diego-based Qualcomm to develop a accessories for the iPhone, Droid, BlackBerry and other devices.
—MindTouch, the San Diego shareware startup that competes with Microsoft Sharepoint, Oracle, IBM Lotus, and SAP, is on track to triple its revenue this year. MindTouch has hired a new chief financial officer and plans to add about 50 employees in coming months.
—The Del Mar, CA-based Cannon Power Group, said it has closed a $547 million deal—believed to be the biggest deal of its kind—to provide electricity to a group of Los Angeles area municipal utilities from Cannon Power Group’s 262-megawatt Windy Flats project near Goldendale, WA.