Orange County Business Journal

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Recent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...

CrowdStrike Seeks Scale In Wake of $100M Round

TECHNOLOGY: Google latest backer for security software makerIrvine-based security software maker CrowdStrike Inc. aims to embark on an international expansion plan after securing one of the biggest venture capital rounds in Orange County history last week.

By Chris Casacchia July 20, 2015 midnight   $$ Share
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Lombard In Aneurysm Device Deal

Irvine-based Lombard Medical Inc. said today it bought startup Altura Medical Inc. in a deal that could be worth up to $54 million, depending upon milestones.

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Ingram Micro’s Q2 Sales Down

Santa Ana-based Ingram Micro Inc. after the close of intraday trading reported second-quarter revenue that missed Wall Street expectations and adjusted profits that narrowly beat estimates.

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Edwards Director Steps Down

Irvine-based Edwards Lifesciences Corp. said today that Robert Ingram has retired from its board of directors.

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Broadcom Has Mixed Q2

Irvine-based chipmaker Broadcom Corp. after the close of intraday trading reported second-quarter revenue in line with Wall Street expectations and adjusted profits that missed estimates.

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Banc of California Profit, Loans Up

Banc of California Inc. reported an 82% year-over-year increase in its second-quarter profit to $13.1 million.

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Del Taco Signs for 10 in Tenn.

Lake Forest-based Del Taco Restaurants Inc. said it will re-enter the Tennessee market in a franchise deal for 10 restaurants over the next five years.

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YL Software Maker Acquired

A Yorba Linda software maker that specializes in survey analysis has been acquired by local investment firm Poplar Capital Partners LLC, which is based in the same city.

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WD Beats on Profit, Revenue in Line

Irvine-based storage products maker Western Digital Corp. after the close of intraday trading Wednesday reported June revenue in line with Wall Street expectations and adjusted profits that beat estimates.

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SA Design Firm Buys Atlanta Co.

Santa Ana-based facilities design firm Salas O’Brien Engineers said it acquired Atlanta-based firm HESM&A Consulting Engineers on undisclosed terms.

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SA Security Firm Buys in Tennessee

Santa Ana-based Universal Protection Service has acquired Guardsmark in Memphis, Tenn., on undisclosed terms.

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Edwards Beats on Profit, EPS Down in Q2

Irvine-based Edwards Lifesciences Corp. reported financial results today that exceeded analysts’ forecasts in some areas though earnings per share declined.

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Kareo Raises $55 Million

Irvine-based Kareo Inc. said today that it has received a $55.4 million investment.

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Cylance Gets $42M

Irvine-based security software maker Cylance Inc. has raised $42 million in a Series C funding round led by DFJ Growth in Menlo Park.

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Corinthian Seeks to Sell Heald Name

Santa Ana-based Corinthian Colleges Inc. wants to sell some of its Heald College intellectual property for $80,000, according to Dow Jones.

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Del Taco Q2 Numbers Up

Lake Forest-based Del Taco Restaurants Inc. reported about $11 million in earnings for its June quarter, a 30% increase over the same period last year.

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Opus Bank Q2 Profit, Loans Up

Opus Bank reported higher year-over-year net income in the second quarter thanks to growth on a number of fronts, including interest income on loans and noninterest income.

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Irvine Med-Ed Firm Sets $20M IPO

Irvine-based Axis Research and Technologies Inc. today filed papers with the Securities and Exchange Commission seeking to sell $20 million worth of stock in an initial public offering.

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Allergan in $40B Generics Deal

Allergan PLC said today that it will sell its generic drug business for $40.5 billion in cash and stock to Teva Pharmaceutical Industries Ltd.

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Vizio Files for IPO

Irvine-based Vizio Inc. has filed a registration statement with the Securities and Exchange Commission to raise up to $172.5 million in an initial public offering.

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Vans Up in Q2

Vans Inc. revenue was up 17% for the second quarter, which ended July 4, according to its parent, Greenboro, N.C.-based VF Corp.

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$40M for HB Paddle Board Brand

Stand-up paddle board maker Jimmy Styks LLC in Huntington Beach was acquired by Clearfield, Utah-based Vista Outdoor Inc. in a $40 million, all-cash deal.

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BJ’s Posts Mixed Q2 Results

Huntington Beach-based BJ’s Restaurants Inc. reported second-quarter income of $12.4 million on revenue of $232 million.

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Pac Merc Q2 Profit, Loans Up

Pacific Mercantile Bancorp reported higher year-over-year net income for the second quarter citing higher yield on earning assets.

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Ammonia Producer Finishes Plant

Santa Ana-based QuantumSphere Inc. said it had completed a manufacturing facility in Santa Ana.

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Microsemi Posts Record Revenue, Profits in June Quarter

Aliso Viejo-based chipmaker Microsemi Corp. reported revenue for the June quarter that beat Wall Street expectations and adjusted profits in line with estimates.