NextVR announces deal with Live Nation
Laguna Hills-based
announced a deal with Live Nation this week to bring live concerts to fans across the world through virtual reality. A full schedule of events to be featured will be released later this year. [NextVR Adds Deal with Live Nation: Orange County Business Journal]
Cornerstone OnDemand Announces People Analytics Products
Cloud-based talent management software company
announced the launch of its suite of people analytics products. The Santa Monica-based company's new suite includes Cornerstone View, an interactive data visualization application that gives business leaders deeper intelligence about, and Cornerstone Planning, an intuitive workforce planning application that helps organizations create hiring plans. [Cornerstone OnDemand Launches Suite of People Analytics Products: Cornerstone OnDemand]
Global Eagle Entertainment acquires Emerging Markets Communications
Marina del Rey-based developer of inflight entertainment, wireless and communications systems
has acquired Emerging Markets Communications. Global Eagle Entertainment will pay $30 million in cash in addition to 6.6 million shares of its stock. The satellite communications services provider is expecting a projected $190-200 million in revenues in 2016.[Global Eagle Entertainment (ENT) to Acquire Emerging Markets Communications in $550M Cash and Stock Deal: Street Insider]
Mobile gaming app Lucky Day announces update
Mobile gaming app
announced the launch of its 3.0 update. The game, which allows users to play free games and win real money, has grown exponentially since launching six months ago, doubling monthly and boasting over 500,000 users. The company as founded by USC junior Joshua Javaheri. [Lucky Day Update: Lucky Day]
P2P fashion site Tradesy raises $30M
Santa Monica-based
announced a $30 million Series C funding this week. The latest round puts the P2P fashion site at $74.5 million since it launched in 2012, and $60 million raised since the start of 2015. The latest round of funding will be used to hire data scientists, as well as for marketing efforts.[Tradesy's latest $30M funding has the company thinking expansion: Built In Los Angeles]
Fundings of the Week
