Orange County Business Journal


Recent and archived news stories on: Alternative Energy, Automotive, Computing, Engineering, Internet, Nanotech, Software, Telecom, Wireless...

Goldman Gets Behind Fast Grower

Leads $39M Round to Join Early Investors Carrick, Toba Irvine-based Mavenlink Inc. is scouting new headquarters in Irvine to accommodate a hiring push in the wake of raising $39 million from lead backer Goldman Sachs.

By Chris Casacchia November 28, 2016 midnight   $$ Share
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Ingram Sale Gets China Nod

Ingram Micro Inc.’s $6 billion pending sale to Tianjin Tianhai Investment Co. Ltd. has gained a key regulatory approval in China.

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Kingston Sponsors Top Gamer

The gaming accessories unit of Fountain Valley-based Kingston Technology Co. Inc. will sponsor one of the world’s top “Street Fighter” players.

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Allergan Expands Board

Allergan Plc. said it appointed Adriane Brown to its board of directors, effective in February. Brown is president and chief operating officer of Intellectual Ventures LLC, a privately held company in Bellevue, Wash., that provides invention-related services and buys patents.

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Hyundai Joins New Waive

Hyundai Motor America Inc. in January will place 150 of its IONIQ EVs in the WaiveCar car-sharing fleet in Los Angeles with an option for 250 more cars in additional cities by the end of 2017.

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Hyundai Plans Self-Driving Car

Hyundai Motor America Inc. in Fountain Valley introduced its Autonomous IONIQ concept vehicle at the Los Angeles Auto Show on Wednesday.

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BirchStreet Signs Best Western

BirchStreet Systems Inc. signed Best Western Hotels & Resorts hotels in North America to buy from its hospitality services technology platform.

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Boeing to Shift 2,500 Jobs From HB

Boeing Co. plans to move 2,500 jobs from Huntington Beach within the next four years, with a fraction staying in Orange County at facilities in Seal Beach and the majority going to El Segundo, Long Beach, St. Louis and Huntsville, Ala.

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Hyundai Owners Get Voice Controls

Hyundai Motor America Inc. in Fountain Valley will work with to offer remote voice-control features on its entire 2017 lineup.

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Irvine Software Maker Raises $39M

Irvine-based business software maker Mavenlink Inc. has raised $39 million in a Series D round led by Goldman Sachs.

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Lawn Device Startup Bought

Blossom, a startup based at The Cove in University Research Park, has been acquired by Marysville, Ohio-based The Scotts Miracle-Gro Company.

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Cybersecurity Firm Buys in Texas

Franklin Data in Newport Beach acquired on undisclosed terms Scarab Consulting in Austin, Texas.

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Microsemi Posts Record Sales

Microsemi Corp. in Aliso Viejo reported record sales in its fiscal year, and September quarter revenue and adjusted profits that narrowly topped Wall Street expectations.

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Solar Servicer Buys in Berkeley

MaxGen Energy Services LLC in Costa Mesa has acquired on undisclosed terms the commercial services unit of Next Phase Solar Inc. in Berkeley.

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Blizzard to Start eSports League

Irvine-based Blizzard Entertainment Inc. plans to establish a professional esports league for Overwatch, its team-based shooter game that attracts some 20 million players.

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Microsemi Explores Sale

Microsemi Corp. in Aliso Viejo hired Bank of Montreal to find potential buyers for the company after Skyworks Solutions Inc., in Woburn, Mass., expressed interest in buying the company, according to a news report.