Orange County Business Journal

TECHNOLOGY

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

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Helicopter Operator Adds JWA Space

Revolution Aviation in Newport Beach has nearly doubled its space to store the company's aircraft at John Wayne Airport.

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Irvine Chipmaker Sold for $275M

Inphi Corp. in Santa Clara agreed to buy ClariPhy Communications, Inc. in Irvine for $275 million plus debt.

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Software Division Buys in Canada

The Lake Forest-based software development arm of Schneider Electric said it plans to acquire software development company MaxEAM in Burlington, Ontario, Canada. on undisclosed terms.

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Hyundai, Kia Settle With States

Hyundai Motor Co. and Kia Motors Corp. will pay $41.2 million to 33 states and the District of Columbia to settle an investigation of the automakers’ “2012 restatement of fuel economy ratings and related advertising.”

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Porsche Motorsport Decamps

Porsche Motorsport North America has left Santa Ana for Carson, a move first announced in 2012.

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Ricoh Cuts 147 Jobs

Ricoh Electronics Inc. will eliminate more than one-third of its employment base at its Tustin headquarters as part of a global restructuring of manufacturing operations.

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WD Tops Earnings Targets

Irvine-based storage products maker Western Digital Corp. reported revenue and adjusted profits in the September quarter that beat Wall Street expectations.

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Toba Co-Leads eSports Investment

Newport Beach-based Toba Capital invested in the booming eSports segment, co-leading a $5 million funding round for a Santa Monica company that runs tournaments and related events for amateur gamers.

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Kay Family Gives $2.5M to Chapman

Chapman University received a $2.5 million gift from the Kay Family Foundation to fund faculty and student research, projects and other activities in the field of data analytics, which is part of the growing field of “big data.”