TVC Capital Cashes in on Accordent, GA Aeronautical Systems Delivers Last Predator, Ortiva Wireless Forms Tech Alliance, & More San Diego BizTech News
It was relatively quiet on San Diego’s tech front last week, but the mix of news was unusual and interesting. Check it out for yourself.
—San Diego-based TVC Capital, a small private equity investment firm focused solely on software deals, was the lone investor in El Segundo, CA-based Accordent Technologies, which was acquired last week for $50 million by Pleasanton, CA-based Polycom (NASDAQ: PLCM). Accordent provides video content management technology.
—Seattle-based RealNetworks (Nasdaq: RNWK) and San Diego-based Ortiva Wireless formed a global business and technology alliance that will combine Ortiva’s video optimization technology with RealNetworks’ flagship Helix Universal Media Server. Merging Ortiva’s technology with Helix media servers will help save radio bandwidth, enabling carriers to accommodate more users on their radio access networks.
—Accelrys (NASDAQ: ACCL), the San Diego-based scientific software developer, signed a partnership agreement with Oxford Nanopore Technologies, a UK startup developing technology for detecting and analyzing single molecules. The Accelrys-Nanopore partnership will focus on developing software to provide real-time analyses of experimental data. Oxford Nanopore’s lead application is DNA sequencing, but the technology also could be used for protein analysis, diagnostics, and drug development.
—Poway, CA-based General Atomics Aeronautical Systems delivered its last MQ-1 Predator drone to the U.S. Air Force earlier this month. The company developed the innovative unmanned aerial vehicle (UAV) under an Advanced Concept Technology Demonstration contract awarded in 1994, and ultimately delivered a total of 284 MQ-1 Predators to the Air Force. The company is now delivering its next-generation UAV, the MQ-9 Reaper.
—Carlsbad, CA-based Upper Deck, a private trading card company founded in 1988, has unveiled a new kind of trading card that includes a two-inch video screen. The card plays a 60-second HD video clip of a professional football player from his college days. Upper Deck plans to release its “Evolution” video trading cards on April 12.