Orange County Business Journal

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.

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.

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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.

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.

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.

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.

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:

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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.

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.

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.

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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.

Inside Amazon

E-Tail Giant Continues Content Push at Game Studio in Spectrum

In-house game developers on one team.

Computer Products Maker Shows Off Expanded HQ

Showroom, Training Area Featured in Foothill Ranch

The Business Journal got a sneak peek at Iogear’s new 70,000-square-foot digs at Irvine Spectrum, which are outfitted with a product showroom and training space created to drum up more business for its network of resellers and distributors.

Little Company Could Make Big Flight Milestone

AERONAUTICS: Tier 1 copter test proves long-elusive concept

A small engineering firm in Costa Mesa is a step closer to bringing the first battery-powered helicopter to market.

UCI Cybersecurity Director Named

TECHNOLOGY: Expert with federal creds leads new venture

National intelligence expert and corporate attorney Bryan Cunningham has been hired to lead the new Cybersecurity Policy and Research Institute at the University of California-Irvine.

Wang’s Consumer Electronics Vision Realized Post-Sale

LeEco Intros Motley Products With Same Brain

LeEco’s recent U.S. launch, which included a long press event in San Francisco, may have provided a glimpse into why Vizio Inc. agreed to a sale in July to the Chinese conglomerate.

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Ricoh Cuts 147 Jobs

Ricoh Electronics Inc. will eliminate more than one-third of its employment base at its Tustin headquarters as part of a global restructuring of manufacturing operations.

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WD Tops Earnings Targets

Irvine-based storage products maker Western Digital Corp. reported revenue and adjusted profits in the September quarter that beat Wall Street expectations.

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Toba Co-Leads eSports Investment

Newport Beach-based Toba Capital invested in the booming eSports segment, co-leading a $5 million funding round for a Santa Monica company that runs tournaments and related events for amateur gamers.

Game Maker Plays Fast With Crowdfunder Campaign

InXile Entertainment Blows Past Raise Goal

Newport Beach-based video game maker inXile Entertainment knows how to run an online fundraising campaign.

Real Estate Deals

Sales and leases of offices, industrial buildings, retail space and apartments

Santa Ana HM Property LLC sold a restaurant building in Santa Ana to 99 Motel LLC for $3.7 million, or about $1,584 per square foot.

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Software Maker Buys Colorado Firm

Flatirons Solutions in Irvine acquired the assets of a Colorado company that specializes in flight operations software.

Aerospace & Defense Contractors Lose Altitude on Jobs

Slight Decline 2nd in Row For Biggest With Operations Here

Orange County’s largest aerospace and defense contractors posted a modest drop in local employment in the past year.

Greenwave Hires Goldman Sachs, Eyes Possible IPO

TECHNOLOGY: Optimistic on heels of strategic buy

Irvine-based smart technology provider Greenwave Systems Inc. is exploring an initial public offering.

OC Tech Alliance Award Winners Run the Gamut

Skyworks, Mavenlink Among Top Honorees

Woburn, Mass.-based chipmaker Skyworks Solutions Inc., which has an executive base in Irvine, and Irvine-based business software maker Mavenlink Inc. were among the big winners at the 23rd Annual OC Tech Alliance Award Gala at Westin South Coast Plaza.

Software Maker Sees Bigger Future in New HQ

TECHNOLOGY: SecureAuth about doubles digs for hires to meet demand

Security software maker SecureAuth Corp. has leased new headquarters at Irvine Spectrum to accommodate a hiring surge as it expands its services.

Skyworks Continues to Beef Up With Local Hire

CFO Second Recent Big Addition at Chipmaker

Another local addition to the executive brass of Skyworks Solutions Inc. points to Orange County’s growing influence at the Woburn, Mass.-based chipmaker.

Boost Aims to Do Good, Well at Polls

MARKETING: Sees chance to bolster brand, spur civic engagement

An Irvine-based unit of Sprint Corp. hopes to transform retail stores across the nation into polling places on Election Day in an effort to turn out the vote in underserved, urban communities.

Smith’s Toba Backs SF Software Firm

Newport Beach-based Toba Capital took a lead role in a $10 million initial funding round for San Francisco-based human resources software specialist Restless Bandit.

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Toba Backs SF Software Firm

Newport Beach-based Toba Capital took a main role in a $10 million initial funding round for a San Francisco company called Restless Bandit, a specialist in human resources software.

Cylance of the Worms

Founder Discovered Calling Through Bet After Cyberattack at Alma Mater

A friendly hacking wager in college ultimately led Stuart McClure into cybersecurity.

Software Maker Joins Data-Breach Resistance Group

Group Intends to Cut Off Cyber Attackers at the Pass

Irvine-based security software maker SecureAuth Corp. is taking a lead role in establishing a consortium of private and public entities to solve the growing problem of data breaches.

Super Charged

Phone Battery Entrepreneur Might Have Game Changer on His Hands

Benjamin Park understands his customers, a likely consequence of using several different smartphones throughout the day.

Kingston Milestone: Headset Sales Top 1 Million

TECHNOLOGY: Revenue about $100 million for 2 years

Kington Technology Inc. has sold more than 1 million headsets geared for gamers since releasing its first model a little over two years ago.

Fiber Optics in Cox Growth Plan for OC Operations

New Regional Manager Oversees Area Expansion

Sam Attisha, Cox Communications Inc.’s new regional manager for Orange County, has laid out his top priorities in overseeing one of the company’s most important markets.

Greenwave’s Latest Growth Spurt

Gets Analytics Operations in Predixion Deal

A number of local companies and investors stand to benefit from Irvine-based smart technology provider Greenwave Systems Inc.’s acquisition of Predixion Software in Aliso Viejo.

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Greenwave Buys Predixion

Irvine-based smart technology provider Greenwave Systems Inc. bought Predixion Software in Aliso Viejo on undisclosed terms.

Burgeoning Cybersecurity Lifts Cylance Nearly 2,000%

Uses Artificial Intelligence to Detect Malware; Adds Consumers to Federal, Corporate Clients

Cylance Inc.’s security software was lauded recently by federal officials for playing a key role in discovering and mitigating one of the largest government data breaches in U.S. history.

Tablet Maker grandPad Expands to Switzerland

Orange Startup Keeps Seniors Connected

Orange-based startup tablet maker grandPad Inc. has partnered with Switzerland’s largest telecom in its first international expansion.

UCI Aces Test On Rams Camp

SPORTS: Team’s training camp was school’s showcase

University of California-Irvine is still buzzing in the aftermath of the Los Angeles Rams holding their first training camp in Southern California in 22 years.

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UCI to Open eSports Arena

University of California-Irvine next week opens the first eSports area run by a public university.

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Ex-Blizzard Exec in Irvine Startup

Former Blizzard Entertainment Inc. Creative Director Rob Pardo has started a gaming studio in Irvine that aims to build the types of interactive worlds that made his former company a pioneer in the industry.

OC, India Both Figure Into Lantronix Comeback Bid

TECHNOLOGY: Sees IoT as pathway back to profits

Jeff Benck’s new game plan for Irvine-based Lantronix Inc. is in motion after taking the helm of the sputtering networking equipment maker late last year.

WD Lays Out Plan for Global Consolidation

TECHNOLOGY: Will cut 3 plants, 1,900 jobs in Asia as hard drives lag

Western Digital Corp. will close three manufacturing plants and cut 1,900 jobs in Asia in a move that shifts more production to its sprawling Silicon Valley operation and elsewhere.

New WoW Release Promises Blizzard Recovery

Aug. 30 Release Already Boosted Company’s Sales

Expect another strong quarter for Irvine-based Blizzard Entertainment Inc. with the Aug. 30 release of “World of Warcraft: Legion,” the sixth expansion set of the franchise role-playing game.

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Netlist in $15M Offering

Netlist Inc. will sell $15 million in common stock, the Irvine-based storage equipment maker said today.

Startups Get Coveted Audience With Conglomerate

Four at EvoNexus Pitch In Huawei Exec Sessions

Three startups housed at the EvoNexus incubator at University Research Park and another startup based in Irvine held private meetings with representatives from Huawei Technologies Co., one of the largest diversified electronics makers in the world.

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