Industry News

Yirendai Ltd., a leading online consumer finance marketplace in China and a subsidiary of CreditEase, has been elected as one of the inaugural member companies of the Internet Financial Industry Information Sharing Platform on September 9 in Beijing. IFIISP was launched by China Internet Finance Association and aimed to track credit information in the industry, enabling member companies to cross-examine credit conditions of loan..."/>
Yirendai Became an Inaugural Member of the Credit Information Sharing Platform of Internet Financial Industry
Akamai Technologies, Inc. has acquired New York City-based technology provider Concord Systems, Inc., in an all cash transaction, the company said. The acquisition is expected to complement Akamai's existing platform data processing capabilities and augment the company's product roadmap for supporting customers leveraging Internet of Things technologies. Concord Systems,..."/>
Akamai Acquires Data Processing Provider Concord Systems
Hitachi Group Company, today announced the opening of its new office located in Tokyo, focused on accelerating adoption of the Pentaho Enterprise platform in Japan's rapidly emerging and fast growing big data and Internet of Things markets. The new Japan-based team will work in tight collaboration with other Hitachi teams including Hitachi Insight Group to accelerate Hitachi's IoT solutions and services business utilizing..."/>
Pentaho Opens Tokyo Office
M and A Navigator: Deal pipeline –28 September
Chicago Tribune Robert Reed column [Chicago Tribune]
Quotient Technology Inc., a leading digital promotions and media company that connects brands, retailers, and shoppers, today announced that coupons from its extensive network are now available on Samsung's mobile payment solution, Samsung Pay. With this partnership, users of select Samsung Galaxy smartphones will have easy access to coupons to save at checkout from top retailers nationwide. "We're excited to partner with Samsung..."/>
Quotient Launches Digital Coupons through Samsung Pay
Marriott Grande Ocean Resort, Jim Lisenby said he is working on a deal to open an oceanfront bar sometime next year. He's keeping the details, though, close to his chest."/>
Pool Bar Jim has big plans for his return ... starting soon [The Island Packet (Hilton Head Island, S.C.)]
Novan Inc. closed its initial public offering Monday, officially raising $51.9 million in capital. The company said that its underwriters Piper Jaffray& Co., JMP Securities LLC and Wedbush PacGrow had exercised their option to purchase an additional 615,000 shares at the initial offering price of $11 per share. The underwriters had 30 days to make those purchases."/>
Novan Inc. IPO raises $51.9 million [The Herald-Sun, Durham, N.C.]
Xencor has expanded its San Diego operations, the Monrovia-based biotech said last week. The San Diego office now has 17 employees, said president and CEO Bassil Dahiyat. It had about four when it was opened about two years ago, They're handling clinical development and regulatory affairs."/>
Xencor grows in San Diego [The San Diego Union-Tribune]
CoreLogic Case-Shiller Indices. Los Angeles and Orange counties' price appreciation was 5.5 percent."/>
San Diego home price increases outpace most of California [The San Diego Union-Tribune]
Fortis Therapeutics has raised $18 million to treat drug-resistant cancers, the company said Tuesday. Fortis was funded by investors led by the La Jolla venture capital firm Avalon Ventures. Other investors include Bregua Corp., Lilly Asia Ventures, Osage University Partners, and Vivo Capital."/>
Fortis Therapeutics raises $18M to develop cancer treatments [The San Diego Union-Tribune]
Coty Inc. will replace Diamond Offshore Drilling Inc. in the S&P 500, and Diamond Offshore Drilling will replace Polycom Inc. in the S&P MidCap 400. Siris Capital Group acquired Polycom in a deal completed today."/>
Coty Set to Join the S&P 500; Diamond Offshore Drilling to Join S&P MidCap 400; Tile Shop to Join S&P SmallCap 600
Calian Group Ltd. is pleased to announce that its Systems Engineering Division has signed a contract to provide two Earth-observation antenna systems to MacDonald, Dettwiler and Associates Ltd., in support of MDA's contract with the Canadian Department of National Defence's Polar Epsilon 2 project. The $8 million contract will start immediately for a four year period, with options for long term support. Under the terms of this contract, SED will..."/>
Calian's SED Division Signs $8 Million Contract to Provide Two Earth Observation Antenna Systems to DND's Polar Epsilon 2 Project
Accenture has been named to the Top 10 on Working Mother’ s 100 Best Companies list, which spotlights organizations leading in areas such as women’ s advancement, inclusion and diversity and work-life programs. This Smart News Release features multimedia."/>
Accenture Named a Top 10 Company for Working Mothers
TerraForm Global, Inc., a global owner and operator of clean energy power plants, today announced that it has reached an agreement with certain subsidiaries of SunEdison, Inc. pursuant to which the Company has consented to the sale of certain of SunEdison’ s subsidiaries’ assets to a third party buyer. The Third Party Sale Transaction is being conducted in connection with SunEdison’ s bankruptcy process and includes the 425 MW India portfolio of solar..."/>
TerraForm Global Consents to Sale of SunEdison India Assets
Tremor Video, Inc., today announced that it has granted an employment inducement award to Jennifer Catto, the Company’ s Chief Marketing Officer, in connection with the commencement of her employment on September 26, 2016.. The award consists of an option to purchase 125,000 shares of the Company’ s common stock at an exercise price of $1.58 per share, the closing price of the Company’ s common stock on the New York Stock Exchange on the date of grant. The option vests as to 25% of..."/>
Tremor Video, Inc. Announces Employment Inducement Award to Chief Marketing Officer
Harmonic today announced it has entered into a warrant agreement with Comcast Corporation. The agreement provides Comcast with the opportunity to acquire shares of common stock of Harmonic based on specific CableOS™ and other Harmonic product sales and deployment milestones during the term of the warrant. "This agreement is a significant validation of our new product investment strategy," said Patrick Harshman, Harmonic's President and CEO. ""/>
Harmonic Announces Warrant Agreement With Comcast
LGL Group, Inc. today announced the appointment of Robert Mamazza, Ph.D. to President and CEO of the Company’ s primary subsidiary, M-tron Industries, Inc.. Effective, October 1, 2016, Dr. Mamazza will be replacing Michael J. Ferrantino, Sr., who will be stepping aside as CEO of MtronPTI, but will continue as Chairman and CEO of LGL."/>
The LGL Group Announces Change in Leadership at MtronPTI

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