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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CoreLogic Buys Again

CoreLogic Inc. paid Wells Fargo Bank N.A. $65 million for the 49.9% of RELS LLC it didn’t yet own.

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Greenwave Raises $45M

Irvine-based smart technology provider Greenwave Systems Inc. raised $45 million in a Series C round led by the investment arm of the Singapore Economic Development Board and Singapore Technologies Telemedia.

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Incipio Sells Stake

Irvine-based Incipio Technologies Inc. has agreed to sell a minority stake to New York-based private equity investor Goode Partners LLC on undisclosed terms.

OC to Show Range of Emerging Tech at CES

TECHNOLOGY: Startups leverage convention to gain notice in industry

A startup backed by Tech Coast Angels, a clandestine chipmaker, and a spinoff from one of Orange County’s largest publicly traded companies will be among the locals to debut this week at CES, the world’s biggest technology trade show.

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Retiring Longtime Mazda Exec Replaced

Mazda North American Operations in Irvine appointed Masahiro Moro its new president and chief executive to replace Jim O’Sullivan, who will retire from the company on Jan. 1.

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CoreLogic to Pay $475M for Appraisal Tech Co.

CoreLogic Inc. will buy FNC Inc. for $475 million.

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TTM Announces More Job Cuts

TTM Technologies Inc. today announced it will lay off 80 workers worldwide in a restructuring move, its second significant job-cutting initiative in less than three months.

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Kurion Acquires U.K. Robotics Maker

Irvine-based Kurion Inc. has acquired a U.K. company that specializes in robotics and remote systems for handling hazardous materials.

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Lantronix Taps OC Tech Vet

Irvine-based Lantronix Inc. named Jeffrey Benck president and chief executive.

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Military Contractor Wins $42M Navy Job

Mercury Defense Systems, a subsidiary of Chelmsford, Mass.-based Mercury Systems Inc., was awarded a $41.8 million contract from the U.S. Navy this week.

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Microsemi to Buy PMC-Sierra for $2.5B

Aliso Viejo-based semiconductor maker Microsemi Corp. said it had a “definitive agreement” to acquire Sunnyvale-based semiconductor maker PMC-Sierra Inc. for $2.5 billion in cash and stock.

Data as Driver

San Clemente Software Company ‘Owns Desktop at Dealership,’ Passes $200M in Revenue

DealerSocket wants to be the Amazon.com for the automotive sector.

Blizzard’s Blitz: Classic Games, Movie, Xbox

Blizzard Entertainment Inc.’s evolving strategy is mixing a dose of the past with a dash of the future in the pending launch of a classic games division, more free content, new distribution channels, and a big push into Hollywood.

Nonprofit OCTANe Seeks to Expand Prospects for Startups

STARTUPS: Seeks more VC partners; might add own fund

OCTANe’s new strategy to attract investment dollars and emerging companies to the region is showing early returns for Orange County’s vibrant startup and entrepreneurial scene.

Software Maker Raises $15.5 Million

Irvine-based Numecent received $15.5 million in Series B funding that included $4.5 million from a previous investor.