Legend 3D Lays Off 15 Percent, Avalon Ventures Holds 6.1 Percent of Zynga, SweetLabs Launches App Platform for PCs, & More San Diego BizTech News
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the discount wireless provider’s board of directors, according to Mike Freeman of The San Diego Union-Tribune. Leap says that Pentwater failed to comply with the company’s advance notice and disclosure rules for nominating new directors, so it did not include Pentwater’s candidates in its proxy statement. The company’s annual shareholder meeting is scheduled for July 28 in Bethesda, MD.
—BeyondTrust of Carlsbad, CA, said it acquired certain software assets from Likewise Software of Bellevue, WA, which is shedding its identity and security technologies to focus its resources on the software for data storage business. Financial terms of the deal were not disclosed.
—San Diego social media company Hookit’s co-founder and CEO, Scott Tilton, briefed me on the company’s marketing campaign to expand its online action sports business, which helps serious athletes connect with sponsors in surfing, skateboarding and other sports. The effort includes a cross-country road trip to highlight Hookit’s “Spots & Sessions” feature. Spots & Sessions enables Hookit members to network around their favorite local hangouts—and gives local merchants a new outlet to market their wares.
—On-Ramp Wireless, founded in San Diego three years ago to develop low-power wireless networking technology for the smart grid and other utility applications, raised $11.5 million of a planned $14.7 million from investors, according to a regulatory filing.
—Sempra Energy, one of the few Fortune 500 companies based in San Diego, named Debra Reed as CEO. She succeeds longtime CEO Don Felsinger, who has become Sempra Energy’s executive chairman.
—Verve Wireless, which is based about 26 miles north of San Diego in Solana Beach, released its first quarterly “Local Mobile Index, to provide key insights into the ways mobile users are interacting with locally based media.