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Calnetix Buys Vycon

socalTECH

Cerritos-based Calnetix Technologies said this morning that it has acquired VYCON , the developer off flywheel-based energy storage systems. VYCON was venture backed by BankInvest, Cooper Capital Partners, RWE Venture Capital Funds GmbH, Sumitomo, and Tridus International. READ MORE>>.

Cerritos 159
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With $40 million for AuditBoard’s risk and compliance toolkit, LA’s enterprise startups notch another win

TechCrunch LA

Daniel Kim and Jay Lee, the two founders of AuditBoard , a Los Angeles-based provider of a risk and compliance software service for large businesses, grew up middle school friends in Cerritos, Calif. “We were impressed with AuditBoard’s product and its customer traction.

Startup 155