Orange County Business Journal

Charging Ahead

Team’s HQ Bolsters Creative-Office Trend at Hive in Costa Mesa

The Los Angeles Chargers’ new 100,000-square-foot headquarters in Costa Mesa could add some panache to an area just north of the San Diego (I-405) Freeway that’s attracted some sizeable tenants in recent years.

Kingston Adds to E-Sports Lineup

TECHNOLOGY: Segment is small but fast-growing

The strategy behind recent product launches at Kingston Technology Co.’s growing gaming unit is a simple one: visibility in the booming e-sports scene.

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Midday Stock Roundup

The S&P 500 was down 0.1% to 2,343.22.

Eye of the Tiger

How Tournament at Riviera Serves Community in Anaheim, Goal of Reaching 1 Million Kids Nationwide

A bunch of fifth graders in a packed classroom at the Tiger Woods Learning Center in Anaheim are analyzing hair and fingerprint samples from a mock crime scene.

Laguna Beach Exec Gets Pro Tennis Franchise

SPORTS: Buys Breakers from Canadian entrepreneur

Laguna Beach resident Eric Davidson has taken up a family tradition with his purchase of Orange County’s professional tennis team from Canadian technology and media entrepreneur Lorne Abony.

Blizzard Says It Stands By Immigrant Employees

CEO Says Trump Ban Out Of Step With Its Values

The human resources and legal teams at Irvine-based video game publisher Blizzard Entertainment Inc. are providing travel guidance, legal assistance and counseling to employees affected by President Donald Trump’s executive order barring refugees and other would-be immigrants in seven countries from entering the U.S. for 90 days.

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WD Bids on Toshiba Unit

Irvine-based storage products maker Western Digital Corp. has placed a bid for a minority stake in Toshiba Corp.’s flash memory business, according to media reports.

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NB Tennis Team Sold

Laguna Beach resident Eric Davidson has purchased Orange County’s professional tennis team from Canadian technology and media entrepreneur Lorne Abony.

Menlo Micro Brings Big Backers to Market

TECHNOLOGY: GE, Corning, Microsemi, Paladin Group team up

Irvine-based Menlo Micro Inc. has already hit a few milestones that often take fellow startups years to accomplish.

He Dialed Up Rapid Growth

Molloy Helped Call Center Operator Quadruple in Size

James Molloy has been at the center of the most transformative era in Irvine-based Alorica Inc.’s brief history, overseeing two financial transactions in little more than a year that quadrupled the size of the call center operator.

WD Poised to ‘Protect’ Interest in Toshiba Partnership

CEO Confident Despite JV Partner’s Troubles

Top Western Digital Corp. executives have been in discussions with counterparts at Toshiba Corp. for weeks amid rising speculation that the Irvine-based storage products maker could bid on the conglomerate’s flash memory business.

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MSC Sold for $834M

Newport Beach-based MSC Software Corp. will be sold for $834 million to Swedish IT service provider Hexagon AB, the companies said today.

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Razer Buys Phone Maker

Irvine-based video game products maker Razer Inc. has acquired the majority of assets of a San Francisco company that developed a mobile phone that offers unlimited cloud-storage capacity.

Déjá Vu All Over Again for Kofax

TECHNOLOGY: Lexmark puts software operation on block

Reynolds Bish is back at the helm of the software company he positioned for a $1 billion sale to Lexington, Kentucky-based Lexmark International Inc. less than two years ago.

Will Western Digital Benefit From Toshiba’s Woes?

Could Bid on Chunk Of Flagging Firm’s Flash Biz

Speculation is building that Irvine-based Western Digital Corp. is in line to bid on a significant portion of Toshiba Corp.’s flash memory business as the Tokyo conglomerate faces staggering write-downs from its failing U.S. nuclear power business.

Laguna Beach Outfit Looks to Cash In on Virtual Wall

MEDIA: Shell company takes new tack with acquisition

A Laguna Beach-based shell company has acquired a virtual reality developer that will give backers and opponents of President Donald Trump’s proposed wall along the U.S.-Mexico border a chance to purchase portions of a digital version of the edifice—and use the space to express their opinions.

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Microsemi Sales Hit Marks

Aliso Viejo-based chipmaker Microsemi Corp. reported revenue in the December quarter in line with Wall Street expectations, and an adjusted profit that beat estimates.

Big West's Stabilizer

Irvine-Based Conference Commissioner Guides ‘Mid-Major’ in Era of Power 5

The Big West Conference, like its counterparts across the nation, has been in a state of constant evolution since a sweeping round of college athletics realignment was touched off nearly a decade ago.

Software Maker Could Be Latest Purchase Target

MSC Talks Possible $800M Sale to Luxembourg Firm

It appears another sizeable Orange County tech company is in play for a takeover.

China-Based Companies Among Biggest of OC’s Foreign Employers

ECONOMY: First entries reflect growing commercial presence here

China’s continued expansion on the world stage and a strong year for hiring among Orange County’s largest foreign-owned companies combined to bring a jump in overall employment in the category here.

Blackberry Revival Plan Runs Through Irvine

TECHNOLOGY: TCL puts brand in hands of unit based in Spectrum

The plan to resurrect the faltering Blackberry smartphone brand in the U.S. and Canada is being crafted in the Irvine Spectrum.

OC Companies Take Advantage of CES Showcase

They See Value as Others Put Resources Elsewhere

With another CES in the books—that’s No. 6 for those following this column—let’s take a closer look at how some OC companies tried to cut through the clutter in Las Vegas at the world’s largest consumer electronics show:

Delay on Close of Vizio-LeEco Deal Raises Questions

Company Reps Pegged Year-End Sale Wrap

Vizio Inc.’s pending $2 billion sale to Chinese conglomerate LeEco failed to close by year-end, indicating a potential wrinkle in a deal that still needs final approval from Chinese regulators.

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Hyundai, Google Voice Controls Debut

Hyundai Motor America Inc. in Fountain Valley plans to unveil a new feature tomorrow that allows vehicle owners to control various functions through Google Assistant voice commands.

Ingram Micro Shakes Up Leadership in Wake of Sale

Rising Star Mastantuono to CFO, Board Seat

The $6 billon sale of Ingram Micro Inc. last month to Chinese conglomerate Tianjin Tianhai Investment Company Ltd. ushered in some management and board changes at the world’s largest technology products distributor.

Newth Deal

Morris Programmed Telogis for Deal That Fetched Close to $900M From Verizon

Look to Aliso Viejo to find a key component of a new digital strategy crafted by the nation’s largest telecom as it integrates several recent buys into a new business unit.

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CalAmp CFO to Retire

Rick Vitelle, chief financial officer, corporate secretary and executive vice president at CalAmp Corp., is retiring from the Irvine-based company.

Year in Technology Highlights New Generation

Consolidation Shakes Up Otherwise Veteran Lineup

It was a dynamic year in Orange County’s diverse technology sector as several young companies made the leap to market-leading contenders.

Game Maker Takes Artsy Approach

TECHNOLOGY: Coloring app diversifies revenue streams

The recent acquisition of thousands of digital jigsaw puzzles signals a new turn for MobilityWare as it diversifies revenue streams beyond traditional card games.

2017 Preview: TECHNOLOGY

The past year was marked by a wave of consolidation in the local technology sector as several big-name companies were taken over.

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Peppers Wins Lott Trophy

University of Michigan standout Jabrill Peppers took home top honors at the 13th annual Lott IMPACT Trophy Awards last night at the Pacific Club in Newport Beach.

Firm Mulls IPO Hinged on Video Analytics, Other Lines

Irvine Sensors Platform Uses Artificial Intelligence

Irvine Sensors Corp. is exploring an initial public offering as it develops a video analytics platform that incorporates artificial intelligence.

Conexant Climbs on Amazon Deal

TECHNOLOGY: Erstwhile tech star’s chip in Alexa development kit

Conexant Systems Inc.’s new deal with Amazon.com signals a comeback for the Irvine-based chipmaker, which emerged from bankruptcy organization more than three years ago under the ownership of hedge fund billionaire George Soros.

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Conexant Chips for Amazon’s Alexa

Chipmaker Conexant Systems Inc. in Irvine is supplying key audio and voice technology to Amazon.com as part of a deal announced this morning.

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Microsemi Invests in GE Spinout

Chipmaker Microsemi Corp. in Aliso Viejo is part of a consortium of investors putting $18.7 million into an Irvine startup spun out of General Electric’s Global Research Center.

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Game App Maker Buys Puzzle Firm

MobilityWare in Irvine bought Critical Hit Software in San Diego on undisclosed terms.

Irvine Nihon Unit Lands $35 Million Defense Contract

To Supply Patient Monitors For Military, Civilian Use

Irvine-based Nihon Kohden America Inc. has been awarded a $35.3 million one-year contract by the Department of Defense to supply patient monitoring equipment.

Western Digital Joint Venture Provides New Path in China

Data Storage, Products Businesses Stand to Benefit

The much-anticipated joint venture between Western Digital Corp. and China-based electronics manufacturer Unisplendour Corp. Ltd. is up and running a little more than a year after the agreement was first struck.

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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.

USB Touted as Ultra-Secure Closes In on Retail Deal

Startup Says Device Uses NSA-Endorsed Technology

Irvine startup Webcloak is nearing a deal with a national retailer to distribute its USB device, which it says allows users to anonymously browse the web and prevent viruses, data theft or identity breaches.

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.

NB-Based Team Tennis Franchise Up for Sale

SPORTS: Sold out 6-game schedule at 1,250-seat venue

Orange County’s professional tennis team is up for sale.

Hyundai’s New Take on Tech

AUTOS: Carmaker forms IT ‘subdivision’ at FV headquarters

Here’s what the world didn’t see when Hyundai Motor America Inc. showed off its first self-driving vehicle at the Los Angeles Auto Show last week:

Vizio Sale in Spotlight of Chinese Buyer’s Finances

LeEco Tight On Funds After Overextension

Vizio Inc.’s pending $2 billion sale to LeEco bears watching as chatter picks up in analyst circles that the China-based conglomerate has hit a cash crunch as it expands product lines and markets.

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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.

Will Shakeup in Chip Sector Include Microsemi?

TECHNOLOGY: Longtime acquirer likely to draw several bidders

Another big shake-up could play out soon in Orange County’s chip sector, which has lost several local headquarters over the last few years amid a growing appetite for consolidation.

Blizzard Puts Spotlight on Existing Games at Fanfest

New Tack on PR Includes Word of e-sports League

Blizzard Entertainment Inc. departed from its standard routine for Blizzcon this year, using the annual fanfest at the Anaheim Convention center to tout upcoming content releases for existing games and plans for a new e-sports league.

Team WD

Workload Ranges From Irvine HQ to Silicon Valley, China

Western Digital Corp.’s widespread legal team will head to Northern California this week for their annual global meeting.

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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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