Legend 3D Lays Off 15 Percent, Avalon Ventures Holds 6.1 Percent of Zynga, SweetLabs Launches App Platform for PCs, & More San Diego BizTech News

the discount wireless provider’s board of directors, according to Mike Freeman of The San Diego Union-Tribune. Leap says that Pentwater failed to comply with the company’s advance notice and disclosure rules for nominating new directors, so it did not include Pentwater’s candidates in its proxy statement. The company’s annual shareholder meeting is scheduled for July 28 in Bethesda, MD.

—BeyondTrust of Carlsbad, CA, said it acquired certain software assets from Likewise Software of Bellevue, WA, which is shedding its identity and security technologies to focus its resources on the software for data storage business. Financial terms of the deal were not disclosed.

—San Diego social media company Hookit’s co-founder and CEO, Scott Tilton, briefed me on the company’s marketing campaign to expand its online action sports business, which helps serious athletes connect with sponsors in surfing, skateboarding and other sports. The effort includes a cross-country road trip to highlight Hookit’s “Spots & Sessions” feature. Spots & Sessions enables Hookit members to network around their favorite local hangouts—and gives local merchants a new outlet to market their wares.

—On-Ramp Wireless, founded in San Diego three years ago to develop low-power wireless networking technology for the smart grid and other utility applications, raised $11.5 million of a planned $14.7 million from investors, according to a regulatory filing.

—Sempra Energy, one of the few Fortune 500 companies based in San Diego, named Debra Reed as CEO. She succeeds longtime CEO Don Felsinger, who has become Sempra Energy’s executive chairman.

—Verve Wireless, which is based about 26 miles north of San Diego in Solana Beach, released its first quarterly “Local Mobile Index, to provide key insights into the ways mobile users are interacting with locally based media.

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Author: Bruce V. Bigelow

In Memoriam: Our dear friend Bruce V. Bigelow passed away on June 29, 2018. He was the editor of Xconomy San Diego from 2008 to 2018. Read more about his life and work here. Bruce Bigelow joined Xconomy from the business desk of the San Diego Union-Tribune. He was a member of the team of reporters who were awarded the 2006 Pulitzer Prize in National Reporting for uncovering bribes paid to San Diego Republican Rep. Randy “Duke” Cunningham in exchange for special legislation earmarks. He also shared a 2006 award for enterprise reporting from the Society of Business Editors and Writers for “In Harm’s Way,” an article about the extraordinary casualty rate among employees working in Iraq for San Diego’s Titan Corp. He has written extensively about the 2002 corporate accounting scandal at software goliath Peregrine Systems. He also was a Gerald Loeb Award finalist and National Headline Award winner for “The Toymaker,” a 14-part chronicle of a San Diego start-up company. He takes special satisfaction, though, that the series was included in the library for nonfiction narrative journalism at the Nieman Foundation for Journalism at Harvard University. Bigelow graduated from U.C. Berkeley in 1977 with a degree in English Literature and from the Columbia University Graduate School of Journalism in 1979. Before joining the Union-Tribune in 1990, he worked for the Associated Press in Los Angeles and The Kansas City Times.