San Diego Tech Roundup: Entropic, Xpenser, OneRoof Energy, & More
—A federal bankruptcy court in Delaware has tentatively approved a $65 million bid from San Diego’s Entropic Communications (NASDAQ: ENTR) to acquire system-on-a-chip technology that Trident Microsystems developed for its set-top box business. Entropic, which develops technology for connected home systems, had initially offered $55 million when the arrangement was disclosed in January. In a statement today, Entropic said a final court order approving the deal is expected March 6.
—I profiled Xpenser, a San Diego Web startup that provides expense tracking and management services. Founder Parand Darugar told me he self-funded the startup since he decided to make it a business in 2009, and currently counts more than 80,000 customers. Customers can use their camera phones to take a picture of a receipt and send the image to their own Xpenser home page—where the system extracts the relevant data and enters it into the user’s online spreadsheet.
—Mob Science, a Carlsbad social media game developer founded this year, raised about $3.6 million toward a planned $4.1 million round of investment, according to a recent regulatory filing. Mob Science has been developing games for Facebook users, such as “Snowball Fight,” which allows players to throw snowballs at each other.
—San Diego-based OneRoof Energy CEO David Field told me the company plans to introduce its solar financing package in New York, New Jersey, Massachusetts, Colorado, and Arizona in coming months. OneRoof Energy demonstrated its first completed project—a suburban San Diego home outfitted with its solar roofing tile. The company said it could help homeowners trim 20 percent off their electric utility bill. Under a business plan developed with Boston’s Black Coral Capital, OneRoof Energy finances the extra cost of incorporating a photovoltaic solar system when a homeowner installs a new roof.
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