Orange County Business Journal


Recent and archived news stories on: Alternative Energy, Automotive, Computing, Engineering, Internet, Nanotech, Software, Telecom, Wireless...
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MV Pipeline Inspection Company Sold

Mission Viejo-based Hoffman Southwest Corp., which provides underground pipeline inspection and repair services, has been acquired by Chicago-based private equity firm Sterling Partners.

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Irvine Security Software Maker Raises $100M

Irvine-based security software maker CrowdStrike Inc. has raised $100 million in a Series C funding round led by Google Inc.’s capital investment arm, Google Capital.

Stem Cell Treatment Developer Shifts From People to Animals

HEALTHCARE: Sees quicker path to market with furry subjects

A Santa Ana-based stem cell company is changing its therapeutic direction from man to man’s best friend.

Game Developer ‘Geeked’ Over Deal to Supply Oculus

MEDIA: Ready at Dawn takes aim at virtual reality, proprietary IP

Irvine-based game developer Ready at Dawn could get a jump-start on its push to launch its own titles and control content, thanks to its recently struck agreement to develop video games for the highly anticipated virtual reality headset from Oculus VR Inc.

Software Maker Drawloop Acquired

Irvine-based Drawloop Technologies Inc. recently announced it was acquired by Nintex USA LLC for an undisclosed amount.

Payoff Gets $250M for Credit Debtors

Costa Mesa-based consumer financial services firm Payoff Inc. secured up to $250 million in debt financing to help its members pay off credit card debt.

Grupo Gallegos Aims to Win Latino Hearts for Xfinity

‘Perfect for Me’ Ads Highlight Comcast Brand

Grupo Gallegos’ latest campaign for Xfinity aims to help Latino-American consumers see the brand as “more human, closer to their hearts rather than their minds,” according to Carlos Tornell, the Huntington Beach-based agency’s creative director.

IT Provider Nears $500M in Sales, Aims for $1 Billion

2K Customers Include Big Names Such as Vizio

Irvine-based IT consultancy and service provider Trace3 is on pace to crack $500 million in revenue this year as it attracts new Fortune 500 customers and builds up regional offices.

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QLogic Shares Drop on Outlook

Shares of QLogic Corp. have plummeted today after the Aliso Viejo-based networking gear maker slashed revenue and profit targets for the June quarter, citing a bevy of market challenges.

Irvine Software Maker Acquired

Irvine-based Drawloop Technologies Inc. announced it has been acquired by Bellevue, Washington-based Nintex USA LLC for an undisclosed amount.

Graphene True Game Changer? OCWD Wants to Know

TECHNOLOGY: Hopes to test Lockheed product by year-end

The Orange County Water District is standing ready to test a new technology under development by Lockheed Martin Corp. that could be a game-changer on water treatment, with the potential to lower costs as municipalities and private businesses search for new ways to secure supplies in drought-stricken California.

Bundles Make Big Business for Maker of Security Systems

More Than $70M in Sales To A-List Customers

Priti Sharma moved to Chicago from India at age 16 and at the time had no idea that she would one day own a multimillion-dollar company.

Scripsense Cofounders Aim to Do Well By Doing Good

Gift Card Concept Makes Giving to Charity Easier

Lori Jackson “lived scrip,” as she puts it. The mother of four children attending Serra Catholic School in Rancho Santa Margarita was retrieving gift cards worth thousands of dollars from their backpacks each month and distributing them to friends and family members around the county. The private school would get the cards at a discount, usually 1% to 13%, and resell them through students at face value to parents.

Masimo Gets European Approval of Portable Oximeter

MightySat Rx Device Unavailable in US

Masimo Corp. ended June on a regulatory roll.

New Broadcom Deals Build on China Relationships

Three Ventures Involve Cloud, Set-Tops, Ultra HD

Irvine-based Broadcom Corp., which is set to be acquired for $37 billion by Avago Technologies Ltd., is making a big push in China through strategic partnerships with some of the country’s most influential players.