Carlsbad-based ViaSat Inc. purchased local startup LonoCloud Inc. to augment its broadband network.
LonoCloud, a graduate of Connect's Springboard mentoring program, creates a place for enterprises’ complex software in both public and private cloud infrastructures through its cloud operating system.
Terms of the acquisition were not disclosed.
ViaSat (Nasdaq: VSAT) plans to integrate components of LonoCloud's platform-as-a-service, or PaaS+, with its broadband network.
LonoCloud employees will join ViaSat’s broadband networking team, according to a release.
ViaSat recently said at the Consumer Electronics Show in Las Vegas that it's launching a robust enterprise program to go after the business marketplace.
“Adding this core technical capability to our broadband network will both enhance our existing offering as well as shorten development cycles for new service offerings,” said Mark Dankberg, ViaSat chairman and CEO, in a statement.
Some of LonoCloud's former executives are already moving on to their next venture.
Dr. Hossein Eslambolchi, former LonoCloud chief strategy officer, and Tom Caldwell, former CEO and president of LonoCloud, are launching a new San Diego-based cybersecurity company named CyberFlow Analytics.
Eslambolchi has an impressive resume at AT&T (NYSE: T), having previously served as president and CEO of both AT&T Global Network Services and AT&T Labs.
Caldwell used to manage large-scale engineering projects at Cisco (Nasdaq: CSCO) and Microsoft (Nasdaq: MSFT).
Chris Kelly, former chief privacy officer at Facebook (Nasdaq: FB), is an investor and adviser for the new company.
The executives picked San Diego over Silicon Valley, in part, due to its proximity to the military and defense contractors.
Cybersecurity is one critical area the hard-hit defense budget is not slashing. Some 90 percent of U.S. companies were hacked in 2011.
San Diego is upping its game in the space with CyberHive, a new incubator for security-focused startups, recently opening downtown.
The nonprofit, the first of its kind on the West Coast, will give select firms up to $200,000 in start-up capital, in addition to business and research mentoring.
The concept first started in Maryland, which is home to the National Security Agency.
"Innovation in this area will come out of the startup community and not from larger legacy security companies," Caldwell said.
Joining the CyberFlow team as chief technology officer is Louie Gasparini, former vice president of RSA Security.
Mahmoud Daneshmand, professor at Steven’s Institute of Technology, is behind the company's innovative analytics and algorithms.
The company, which will sniff out threats for enterprise and government customers, has aspirations of becoming "the new Cyber Intelligence-as-a-Service software giant" in San Diego, said Caldwell.
CyberFlow Analytics partnered with Cooley and Irvine Co. to help launch the new venture.
The company recently inked a lease at UTC's Executive Square complex, with plans to move in around early May.
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