San Diego Business Journal


Recent and archived news stories on: Alternative Energy, Automotive, Computing, Engineering, Internet, Nanotech, Software, Telecom, Wireless...

IFAN Financial Acquires Mobicash America

IFAN Financial Inc., a San Diego company that develops and distributes software to enable mobile payments, said it completed a share exchange with shareholders of Mobicash America Inc., and acquired the business as a wholly owned subsidiary.

5Barz International Reports Raising $3.45 Million

San Diego-based 5Barz International Inc., which produces wireless communications infrastructure, said in a Nov. 17 securities filing that it raised $3.45 million by selling 23 million shares at 15 cents per share. The business sold the shares between March 6 and Nov. 14.

Soci Reports Receiving $1.5 Million in Series A Funding

Soci, an Internet company based in downtown San Diego, said it received $1.5 million in series A funding. Peter Fisher, co-founder of Shepherd Ventures, led the round. Silicon Valley Growth Syndicate provided the anchor investment. Other investors included Asaf Benhaim, Trevor Klein and David Klein.

Agreement Gives Human Longevity Inc. Access to Major Database

San Diego-based Human Longevity Inc., a biological data-driven human health technology and cell therapy company, announced a collaborative agreement with King’s College London to access its TwinsUK Registry.

InfoSonics Corp. Reports Q3 Net Loss of $633,000

InfoSonics Corp. — the San Diego company behind the verykool brand of smartphones and tablets, which it distributes to customers in the Americas — reported a net loss of $633,000 on net sales of $8.1 million during its third quarter. The company essentially broke even in the same quarter one year ago, with net income of $34,000 on net sales of $9.9 million.

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This Portable Office Pod Only Comes ‘in Green’

CLEAN-TECH: It Replaces Construction Trailer With a Sustainable Work Environment

A local construction company has discovered an eco-friendly and cost-effective use for those recycled shipping containers that have become the latest fad in green homebuilding.

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S.D. Firms Tackle Symptoms, Ebola Diagnostics

MEDICINE: The Cos. Have the Capacity for Ramping Up Production

Another San Diego-based company is taking aim at Ebola, but unlike the other companies, Leading BioSciences Inc. is focusing on treating the symptoms of the deadly virus rather than targeting the virus itself.

Philanthropist Sally Thornton Leaves Mitek Board

Sally Thornton, a director of San Diego-based Mitek Systems Inc. for decades and the wife of company Chairman John Thornton, stepped down from her seat on the board Nov. 4, the company told securities regulators.

Hush Kickstarter Campaign Raises One-Third of Goal By Second Day

Hush, a technology company in residence at the EvoNexus incubator downtown, attained one-third of its $100,000 donation goal by the second day of its Kickstarter crowd funding campaign on Nov. 13.

Pfenex Inc. Reports Q3 Revenue of $2.8 Million

Pfenex Inc., a clinical-stage biotechnology company that makes biosimilars, including vaccines for anthrax and malaria, reported financial results for the third quarter that ended Sept. 30, 2014.

Noble Environmental Technologies Raises $6 Million From Two Investors

Noble Environmental Technologies Corp., an environmental technology and manufacturing company in San Diego, has raised $6 million from the sale of securities to two undisclosed investors, according to a recent regulatory filling.

Startup Wireless Diagnostics Systems Raises $500,000

Wireless Diagnostic Systems Inc., a San Diego startup developing patient monitoring devices with technology from the California Institute of Technology lab of Axel Scherer, raised $500,000 from Domain Associates, according to a recent regulatory filing.

Isis to Offer $425 Million of Convertible Senior Notes

Isis Pharmaceuticals Inc. announced Monday that it intends to offer $425 million of convertible senior notes, due in 2021, in a private placement, subject to market and other considerations.

RF Industries to Acquire Comnet Telecom Supply

RF Industries Ltd., the San Diego makers and distributors of wireless cable assemblies, said it signed a non-binding term sheet to acquire Comnet Telecom Supply Inc., a New Jersey distributor of telecom and data products, for an undisclosed amount of cash and stock.

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Entropic Parts Ways with CEO; Plans to Cut 200 Jobs

Entropic Communications Inc. made a big change at the top on the same day it reported large-scale layoffs and a quarterly loss.