Orange County Business Journal

Unbridled Ambition

Aliso Viejo-Based Telogis Measures Progress on Global Scale

A couple of key pivots initiated by Telogis Inc.’s cofounders in the early days of the company positioned the software maker for a big growth spurt years down the road.

App Developer Aims to Serve Civic-Minded Customers

No Ego Offering ‘Smart Forms’ for Permits, More

Opportunities for civic and community involvement in Southern California are getting a boost from a new app developed by Huntington Beach startup Nead Inc.

Local Backers Tee Up for Concert Golf’s 2nd Fund

SPORTS: Family offices back for more on value-add strategy

Concert Golf Partners in Newport Beach is on the verge of closing a $90 million fund in order to add to its portfolio of country club golf courses.

Tease photo

Kofax Sells for $1B

Shares of Kofax Ltd. soared in midday trading today to a market value of about $960 million after the Irvine-based software maker said yesterday it would be sold for $1 billion to Lexmark International Inc. in Lexington, Ky.

Tease photo

Kofax Sells for $1B

Shares of Kofax Ltd. soared in afterhours trading today after the Irvine-based software maker announced it would be sold for $1 billion to Lexmark International Inc. in Lexington, Ky.

Microsemi’s $389M Buy Includes Ticket to Internet of Things

TECHNOLOGY: Picks up new technology to offer chip customers

Microsemi Corp.’s latest acquisition highlights how far the company has come in a diversification effort that has taken the Aliso Viejo-based chipmaker from an aerospace and defense specialist to innovator in several fields, with a new toehold on the industrial side of the budding Internet of Things market.

Panasonic Avionics to Add Specialist

Lake Forest-based Panasonic Avionics Corp. is set to acquire a satellite communication services provider with headquarters in Australia, operations around the globe, and a specialty of working in extreme conditions.

Olloclip, Peri Get Exclusive With Amazon Exclusives

Cut Select Products With Big-Box Retailers

Irvine startup Peri Inc. and Huntington Beach-based olloclip were handpicked to distribute a limited number of products on Amazon.com Inc.’s newly launched marketplace, but the designation carries some interesting stipulations: namely, cutting ties for those products with Wal-Mart, Costco, Target and other big-box retailers.

Clean Energy Gains as Infrastructure Plan Slows

ENERGY: Q4 profit follows focus on fleets, less building

Clean Energy Fuels Corp. may have finally found a clearer path to profitability as it reins in construction costs for a nationwide plan it forged four years ago to dot major highways with natural-gas fueling stations.

QLogic Gains Ground in Growing Ethernet Market

Establishes 13% Market Share in Equipment Sales

Aliso Viejo-based networking equipment maker QLogic Corp. has made big strides in carving out a niche in the burgeoning 10-gigabit Ethernet connection market, a competitive segment that’s drawn big industry players into the ring as storage needs and speedy data transfer become increasingly important to consumers and businesses.

Google Grows App Hub in Irvine

TECHNOLOGY: Engineers, developers push use of analytics

Google Inc.’s new 140,000-square-foot office on Jamboree Road in Irvine has become a key hub for the search giant’s push to link analytics and app development to drum up monetization opportunities for its bevy of advertisers.

Tease photo

Wet Seal Sold

Versa Capital Management LLC in Philadelphia has acquired the remnants of Foothill Ranch-based retail chain Wet Seal Inc., according to a report in the Wall Street Journal.

Tease photo

New CEO to Octane

Finance and sales veteran Bill Carpou has been named chief executive of Irvine-based nonprofit Octane, which links startups and emerging companies with resources and investors.

Tease photo

BlizzCon Dates Set

Blizzard Entertainment Inc.’s annual fanfest BlizzCon will be held Nov. 6 and Nov. 7 at the Anaheim Convention Center.

Tease photo

Peri, Olloclip Part of Amazon Launch

At least two Orange County consumer electronics makers will get prime positioning on Amazon.com Inc.’s new marketplace launched today.

Tease photo

SJC Startup in $1M Seed Round

San Juan Capistrano startup GlobeChat has raised nearly $1 million in a seed round as it gets closer to bringing its video and text messaging service to the market.

Western Digital Unit Buys Software Firm

A San Jose-based unit of Western Digital Corp. acquired a maker of storage software for public and private cloud data centers.

Emulex Corp. Sale Furthers Consolidation Trend

Third Local Industry Deal in Last Year

The $660 million sale of networking gear maker Emulex Corp. in Costa Mesa to Singapore-based Avago Technologies Ltd. highlights an ongoing consolidation in the global chip industry.

Broadcom Sales Vet CEO at Numecent

TECHNOLOGY: Cloud service provider seeks global expansion

The new chief executive of Irvine-based cloud service provider Numecent comes with top-level sales experience at Broadcom Corp.

Tease photo

WD Unit Acquires Storage Software Maker

A San Jose-based unit of Western Digital Corp. has acquired a maker of storage software for public and private cloud data centers.

Tease photo

Software Maker Gets $5.5 Million

Irvine-based software maker YouMail Inc. has raised $5.5 million in a Series B funding round, the company announced this morning.

Tease photo

Kofax Buys Dutch Software Maker

Irvine-based business software maker Kofax Ltd. has acquired a company in the Netherlands that specializes in the growing customer-management software segment.

Singapore Firm to Buy Emulex for $606M

Costa Mesa-based networking equipment maker Emulex Corp. announced it would be acquired for $606 million by Avago Technologies Ltd.

Tech Firms’ Hard Drives Named in Espionage Report

Western Digital Mulls Info, Toshiba Denies Any Role

Two storage-product makers in Irvine are connected to one of the most advanced cyber-espionage programs to surface.

Pacific Club Program Aims to Make Students Leaders

EDUCATION: New academy fosters character development

The newest initiative of the Pacific Club Impact Foundation in Newport Beach has helped 150 middle school students from various backgrounds cultivate their leadership skills under the mentorship of local business executives.

Tease photo

DealerSocket Makes Another Buy

San Clemente-based DealerSocket Inc. has acquired a Rancho Santa Margarita company that specializes in software for car dealerships.

Tease photo

Ingram Shares Fall on Outlook

Shares of Ingram Micro Inc. dipped after markets closed Thursday, and continued to decline in midday trading Friday, as the Santa Ana company provided revenue and profit targets in the current quarter below Wall Street expectations.

Tease photo

Emulex Shares Jump on News of Sale

Shares of Emulex Corp. soared this morning in the first trading session since the Costa Mesa-based networking equipment maker announced it would be acquired for $606 million by Avago Technologies Ltd.

Tease photo

Iteris CEO Resigns

Iteris Inc. Chief Executive Abbas Mohaddes has resigned from his management and board position to “pursue other opportunities,” the Santa Ana-based company said.

Tease photo

NB IT Firm Buys Broadcast Specialist

Newport Beach IT services provider Bitcentral Inc. has acquired a Connecticut software maker that specializes in broadcast automation systems for the media industry.

Tease photo

Fisker Narrows Name to 3 Options

Costa Mesa-based Fisker Automotive and Technologies Group LLC is mulling three options for a possible company name change, according to a source privy to the discussions.

Legal Job Ad Question: Is Vizio Mulling IPO?

Desired Skills Include SEC Filings, Pre-IPO Know-How

Is Irvine-based Vizio Inc. mulling an initial public offering?

Microsemi Maintains Defense Strength in Rare Deal

Will Resell Rambus IP That Prevents Data Theft

Microsemi Corp.’s latest partnership with Sunnyvale-based Rambus Inc. provides a deeper look into how the company has maintained a strong position in the military and defense markets.

Vizio Vaulter

CFO Helped Electronics Maker Hit $3.5B in Sales in Tough Market

Kurt Binder knew the books on Vizio Inc. well before he joined the company as vice president and corporate controller in April 2010.

Toba Capital Leads $15M Round in SF

Irvine-based Toba Capital, headed by former Quest Software Inc. Chief Executive Vinny Smith, recently led a $15 million venture capital round for Sauce Labs Inc., a fast-growing provider of cloud-based Web and mobile application testing services.

Tease photo

Laser Maker Hits Record Revenue

Irvine-based Newport Corp. after the close of intraday trading reported fourth quarter earnings that beat Wall Street expectations and provided a revenue and profit outlook for the current quarter.

Tease photo

Kofax to Halt London Trading

Irvine-based business software maker Kofax Ltd. will delist its shares on the London Stock Exchange next month, the company announced today.

Startup Has Broadcom, NFL Vets in Lineup

TECHNOLOGY: Plans to debut audio product in Q2

A startup led by a former engineering head at Broadcom Corp. and a private equity veteran and has attracted an eclectic mix of early investors as it vies for a spot in the crowded accessories market with a high-end smartphone case that also functions as a speaker and charger.

Kofax Poised to Sever UK Listing, Go Nasdaq-Only

Ready to Exit London Exchange for Nasdaq

The directors of Irvine-based business software maker Kofax Ltd. are scheduled to vote this week on a proposal to delist its shares from the London Stock Exchange.

Tease photo

Newport Corp. to Acquire Austrian Company

Irvine-based Newport Corp., which makes lasers and related equipment, is set to acquire a small Austrian company that specializes in ultra-fast laser systems used in scientific and biomedical research.

Tease photo

Broadcom Responds to Call for Gender, Ethnic Data on Employment

Irvine-based chipmaker Broadcom Corp. released some race and gender data on its workforce for the first time in response to ongoing requests from civil rights and labor activists.

Tease photo

Blizzard Posts Strong Q4 on WoW Expansion Release

Irvine-based video game maker Blizzard Entertainment Inc. reported a strong fourth quarter after the close of intraday trading Thursday, with revenue and operating profits rising.

Tease photo

TTM Beats on Q4, Gives Outlook

Costa Mesa-based printed circuit board maker TTM Technologies Inc. after the close of intraday trading Wednesday reported fourth quarter revenue and adjusted profits that beat Wall Street expectations.

UST Emerges

Aliso Viejo-Based IT Services Provider Nears $1B Mark With Fortune 500 Clients, Offshore Hubs

UST Global Inc. is on a fast track to becoming Orange County’s next $1 billion company with its aggressive expansion plan in emerging markets around the globe.

Irvine Startup Seeks Spot in Travelers’ Smartphones

App Gives Details On Locales Via Photo

An Irvine startup launched by two siblings who are University of California-Irvine graduates has launched an iOS app that culls information within seconds on locations, attractions and landmarks with the snap of a photo.

Tease photo

OC Networking Rivals Report Results

Orange County’s two publicly traded rivals in the networking equipment market posted solid quarterly reports Thursday after the close of trading, but one of the company's projections for the current quarter caused shares of its stock to fall Friday morning.

Tease photo

Broadcom Beats Q4 Estimates, Sales Forecast in Line

Irvine-based chipmaker Broadcom Corp. after the close of trading today reported fourth quarter revenue and adjusted profits that beat Wall Street expectations and provided a revenue outlook for the current quarter in line with expectations.

Tease photo

Western Digital Beats Expectations

Irvine-based storage products maker Western Digital Corp. after the close of trading Tuesday reported revenue and adjusted profits for the December quarter that beat Wall Street expectations.

Irvine Startup Adds Deal With Disney’s ABC Network

Verys Now Has About 50 Workers in OC, Dallas

Startup Verys is on a hot streak, landing a deal with Disney ABC Television Network to build its internal marketing management system.

Can Lu Lift Fisker?

AUTOS: Chinese billionaire vows to restart stalled luxury hybrid brand

About 140 employees at Fisker Automotive and Technologies Group LLC are packed in a conference room to meet the man behind the automaker’s comeback bid.

Prev