Chris Casacchia covers technology, aerospace and defense and sports. He can be reached at email@example.com.
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Cylance Teaches Classes; Soccer Club Hires Gamers
San Jose-based Broadcom Inc., which has more than 1,000 workers at its Irvine operations, says a memo claiming the Department of Defense is probing its pending deal for CA Technologies is fake.
Seeing Pickup as Pentagon Expands Military Budget
Local employment at Orange County’s largest aerospace and defense contractors was flat in the past year in a wave of industry consolidation and increased spending on national defense.
The Los Angeles Angels of Anaheim today opted out of their lease at Angel Stadium, where they have played home games since 1966.
TECHNOLOGY: Suit confirms bitter split
The honeymoon between executives at Microsemi Corp. and Microchip Technologies Inc. is officially over, four months after a $10.2 billion megadeal that began the two chipmaker’s marriage.
U.S. stocks jumped on a broad rally across all 11 sectors of the S&P 500, which rose 1.5% in midday trading to 2,791.69.
Palo Alto Networks Exec Joins Alteryx’s Board
More than 70 investors, from seed backers to established venture capitalists, lined up on Oct. 3 to hear the latest pitches by companies in the clean-technology industry.
Los Angeles Chargers majority owner Alexander Gus Spanos died Tuesday morning. He was 95.
Irvine-based independent gaming studio Obsidian Entertainment Inc. is set to be sold to tech giant Microsoft Corp., according to published reports.
Ousted Microsemi Corp. Chief Executive James Peterson and three of his former executives are suing Microchip Technology Inc. and its executives for alleged slander, libel and unfair business practices.
CoreLogic Assays Florence; Diablo to Be Netflix Series?
Houston private equity firm Clovis Point Capital bought a majority stake in Irvine-based business software maker Cirrus Insight.
TECHNOLOGY: Verys aims for $50M in sales
Chris Antonius and Mike Zerkel are partial to a particular Peet’s Coffee on Portola Parkway in Irvine.
Vizio Inc. has reached a $17 million preliminary settlement related to a class action lawsuit filed in Santa Ana in 2016 that alleged the Irvine-based company tracked the viewing habits and demographic information of its smart TV viewers and sold that data.
Blizzard Entertainment Inc. cofounder and President Mike Morhaime is ceding his executive role to “World of Warcraft” Executive Producer J. Allen Brack.
University Research Park Spot Will Double Presence
Irvine-based startup Cloudvirga Inc. is planning to double in size with a move to new headquarters at University Research Park
Some Proceeds Earmarked For IoT-Related Purchases
Irvine-based networking gear maker Lantronix Inc. has raised $10 million in a public offering, and has its eyes on using some of the proceeds to beef up its product line.
$40M Funding in June; CEO Seeks More
Ice Energy is on fire.
SPORTS: Will move from NFL’s smallest venue in 2020
Forty miles northwest of its current headquarters in Costa Mesa, construction on the new home of the Los Angeles Chargers is moving ahead at fast pace.
TECHNOLOGY: Chinese owner may take 8% haircut to unload
Consultants, investment banks and potential buyers are zeroing in on a valuation for Ingram Micro Inc. as chatter picks up again that its Chinese parent is selling the Irvine-based distribution giant.
Toshiba Updates Facility; OC iPhone Connections
Costa Mesa-based Veritone Inc. is on a buying spree, closing its third deal in the last month.
SOFTWARE: Goldman, Carrick among top investors
Business software maker Mavenlink Inc. has laid out an aggressive local expansion plan as it eyes an initial public offering.
Soccer Club Plays Online; One Stop in Quick Deal
The Boeing Co.’s sprawling Defense, Space and Security division in Huntington Beach will not benefit from the unit’s new $805 million contract from the Department of Defense to manufacture the U.S. navy’s first carrier-based drone.
AUTOMOTIVE: Firm uses AI to find defective parts
The nation’s largest auto safety recall a decade ago provided a foundation to build one of the fastest-growing startups in Orange County.
Xentaurs LLC, a fast growing IT consultancy established in 2016, has relocated and expanded into new offices at University Research Park for its new Irvine headquarters.
TECHNOLOGY: Former Microsemi CEO looking for small caps
James Peterson is back in business.
SERVICES: Says move to better serve customers
National Technical Systems Inc., one of the nation’s largest testing companies, has relocated its headquarters from Calabasas to Anaheim.
Microsemi Chip OK’d For Outerspace Work
Irvine-based data storage products maker Zadara Storage Inc. closed a $25 million Series C funding round led by Israel Growth Partners, which was founded by a Microsoft Corp. veteran.
TECHNOLOGY: Reports first annual profit in 18 years
Wall Street is warming up to networking and Internet of Things equipment maker Lantronix Inc. after years of lackluster performance.
Econolite in $22M Pact; Broadcom Closer to Deal
One of Blizzard Entertainment Inc.’s most popular titles will be available later this year on Nintendo Switch, a first for the Irvine-based publisher.
TECHNOLOGY: Boosts AI, software, consulting
Synoptek LLC’s recent acquisition of Indusa places the information technology service provider at the doorstep of $100 million in annual revenue while boosting its Microsoft Corp. offerings and related consulting work.
Newport Beach-based Toba Capital, OC’s largest venture capital firm, led a $6.4 million Series A round for San Francisco-based analytics services provider Skupos Inc.
Games, Security, Analytics Continue Growth Spurts
Orange County’s software sector, a key economic driver, boosted employment 5.4%, the third straight year of significant job growth.
Rocket Lab Leads With First Commercial Launch
Huntington Beach-based Rocket Lab is carrying more than small satellites on its first commercial launch, which has been rescheduled for late this year.
InfoSpan Loses Appeal; Lantronix on Micro Index
Santa Ana-based aerospace manufacturer Ducommun Inc. has landed a contract valued at more than $200 million from an unnamed customer to produce housing for engines, fuel and equipment.
Irvine, Tustin Teams Build Satellites for Launch
Irvine High School’s fall semester is underway, but incoming senior Mehr Bawa had already been hard at work.
Telecoms, Wireless Cos. Extend Job-Growth Hat Trick
The largest telecommunications companies and related wireless equipment makers grew employment at a modest clip in the year ended July 31.
Says OC Operations Not Affected by Other Cuts
Santa Ana-based aerospace manufacturer Ducommun Inc. initiated more restructuring charges in the second quarter and shuttered its 100,000-square-foot plant in Phoenix, it disclosed in its recent earnings report.
CEO: ‘I Think We’re a Juggernaut’
The merger of Irvine-based Trace3 and Data Strategy LLC in Grand Rapids, Mich. has created a formidable IT services provider with revenue surpassing $1.1 billion.
Shares of Veritone Inc. (Nasdaq: VERI) plummeted after the company reported second quarter results that missed Wall Street expectations.
Veritone Inc. shares jumped today after the Costa Mesa-based company announced two pending acquisitions, one for its emerging artificial intelligence business and the other for its media-buying arm.
President, GC, CFO Fall In Post-Proxy Fight Redo
In less than two months, activist investors Sidus Investment Management LLC and BLR Partners LP have completely overhauled the board at Newport Beach-based patent licensing and technology investment firm Acacia Research Corp. and pushed out its management team.
Broadcom cofounder and billionaire philanthropist Henry Nicholas III has hired one of the most prolific, and high-profile defense attorneys in Nevada after his arrest late Wednesday night on suspicion of trafficking heroin, methamphetamine, ecstasy and cocaine.
Senior management of Acacia Research Corp. will leave the company by Friday and all board members who were in place before a recent proxy fight at the company have resigned.
Shares in analytics software maker Alteryx Inc. rose on its quarterly report, which included higher sales that beat expectations.
Alteryx Boss, Wife Launch i-Rise to Lift More Boats
Alteryx Inc. Chief Executive Dean Stoecker and his wife, Angie, want to improve educational opportunities for disenfranchised high schoolers while curbing the national student debt crises.