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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WD Sales, Profits Down

Irvine-based Western Digital Corp. reported lower annual sales and adjusted profits.

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Irvine Fin-tech Firm Gets $7.5M

Internet-based mortgage lender cloudvirga Inc. in Irvine raised $7.5 million in Series A funding, led by Calabasas-based Dallas Capital. Santa Monica venture capital firm Upfront Ventures and angel investment club Tribeca Angels in New York participated in the round.

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Electronics Maker Makes Buy

Infinite RF Holdings Inc. in Irvine bought on undisclosed terms L-Com Inc., a maker of custom computer networking equipment in North Andover, Mass.

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WD Leads VC Round

Irvine-based Western Digital Corp. co-led a $77 million funding round for a Redwood City startup with noted Silicon Valley venture capital firm Kleiner, Perkins, Caufield and Byers.

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Vizio in $2B Deal

Irvine-based Vizio Inc. has been acquired for $2 billion by LeEco, a conglomerate based in China.

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Ingram Sale Hits Bump

Ingram Micro Inc.’s pending $6 billion sale to Chinese conglomerate Tianjin Tianhai Investment Co. Ltd. has run into its first hurdle that could ultimately derail the deal.

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Quantum Fuel Bought

Lake Forest-based Quantum Fuel Systems Technologies Worldwide Inc. was purchased by Douglas Acquisitions LLC, an affiliate of second-position secured creditors.

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Innovation Institute Buys IT Company

The La Palma-based Innovation Institute said today that it has acquired Corona-based information technology specialist Hospitality Business Network Solutions. A purchase price was not disclosed.

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Silicon Valley Software Maker to NB

Newport Beach-based startup Predictive Inc. has acquired a Silicon Valley software maker developing advanced learning applications.

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Toba in $11M Series A Round

Vinny Smith’s Toba Capital in Newport Beach has led an $11 million Series A round for business software maker Grow.

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WD Ups Targets, Promotes New CFO

Western Digital Corp. today raised its guidance for the current quarter and initiated an executive change.

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NextVR Raises $20M

Laguna Beach-based virtual reality content maker NextVR Inc. has raised $20 million from CITIC Guoan Information Industry, a state-owned investment firm in China.

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Ingram Slashes Jobs in Texas

Irvine-based Ingram Micro Inc. is cutting more than 900 workers at a wireless device repair and distribution center in Fort Worth, Texas.

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NB Firm in $10B VW Settlement

Newport Beach-based law firm MLG Automotive Law reached a $10 billion settlement from Volkswagen Tuesday on behalf of clients in a national, class-action lawsuit, according to lead attorney Jonathan Michaels.

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Microsemi Invests in SJC Startup

Microsemi Corp. invested in Veracity Security Intelligence.