Orange County Business Journal

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New CEO for Trace3

Irvine-based IT consultancy and service provider Trace3 has promoted Tyler Beecher to chief executive.

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808 Begins Trading Wednesday

Garden Grove-based power plant owner and operator 808 Renewable Energy Corp. will begin trading Wednesday on the Over-The-Counter Bulletin Board.

Green Grows OC Pot Sector

Businesses Sprout to Support Burgeoning Industry

The Green Rush has hit Orange County. Several local companies, from packaging makers to grow-kit specialists, are aiming to cash in on the recreational and medicinal marijuana market that’s booming across the country despite a hazy regulatory environment.

Laser Maker Puts Financial Woes Behind In Strong Q2

Microelectronics Part Of Gains Across All Lines

Newport Corp. is on pace for a record year as the Irvine-based laser maker puts last year’s troubles in the rearview mirror.

OC Notches Another Billion-Dollar Company

TECHNOLOGY: ViewSonic moves 90 workers from LA

Orange County has reeled in a big fish in the technology industry with the addition of ViewSonic Corp. to its strong corporate base.

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Irvine chipmaker raises $19.7M

Irvine-based networking chipmaker ClariPhy Communications Inc. has raised $19.7 million in venture funding, according to San Francisco-based market tracker CrunchBase.

Smith Micro, Sprint Team to Boost Digital Art Training

Teachers Get Free Licenses for Students’ Designs

Sprint Corp. and Smith Micro Software Inc. have joined forces to groom the next generation of digital artists.

Software Maker Bought By Texas Firm

A company in Austin, Texas, acquired San Clemente-based Benesan Corp., which makes specialized software for in-home, nonmedical patient care.

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Newport Corp. Sees Potential Amid Tumult in Israel

TECHNOLOGY: Bought fiber laser maker as conflict flared

The recent growth of Newport Corp.’s operations in Israel underscores the tenuous balance of investing in a global technology hub that’s under constant threat of warfare.

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Emulex Shares Rise on Quarterly Report, Outlook

Shares of Emulex Corp. rose in after-hours trading after the Costa Mesa-based networking equipment maker reported June quarter revenue and adjusted profits that beat Wall Street expectations and provided financial targets in the current quarter that were above estimates.

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Vizio Recalls TVs After Tip-Over Warning

Irvine-based Vizio Inc. is recalling about 245,000 flat-screen TVs from its popular E-Series line introduced late last year.

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San Clemente Software Company Acquired

An Austin, Texas company has acquired San Clemente-based Benesan Corp., which makes specialized software for in-home, nonmedical patient care.

Investors Like Package-Access Startup to Tune of $1M

Ex-Irvine Co. Exec Had Idea as Managed Rentals

An Irvine startup that uses electronic lockers and proprietary software to store and access delivered packages has raised more than $1 million from Tech Coast Angels investors as it expands operations beyond Southern California.

Vizio Reconsiders Role of Computers in Brand’s Lineup

TECHNOLOGY: Cites weak PC sales, mum on next step

Vizio Inc.’s line of personal computers hasn’t generated the sort of buzz that helped power the quick rise of its high-definition, flat-screen TVs and soundbars.

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SJC Cloud Specialist Raises $3.5M

San Juan Capistrano start-up GenieDB Inc. has raised $3.5 million, according to a filing with the Securities and Exchange Commission.

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Western Digital’s June Quarter Beats Wall Street

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

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Jackson Asks for Broadcom’s Data on Race, Gender of Employees

Irvine-based chipmaker Broadcom Corp. is among the latest large technology companies to be pressured to provide employment data on race and gender as concerns rise over diversity in the influential sector.

Broadcom Backs Off Baseband Business

Irvine-based chipmaker Broadcom Corp. last week offered some details on its plans to cut about 20% of its workforce and consolidate or close 18 locations around the world as part of a restructuring plan prompted by the wind down of its unsuccessful baseband business.

Western Digital’s Share of SSD Market Safe for Now

Google, Amazon Entries Likely No ‘Big Problem’

Google Inc. and Amazon.com’s recent entrance into the emerging solid-state drive market doesn’t appear to pose an imminent threat to Irvine-based memory products maker Western Digital Corp. or its Cupertino rival, Seagate Technology Inc.

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Ingram Beats Revenue, Profit Targets in Q2

Santa Ana-based Ingram Micro Inc. on Thursday reported second-quarter revenue and adjusted profits that beat Wall Street expectations.

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Newport Corp. Buys Israeli Laser Maker

Irvine-based Newport Corp., which makes lasers and related equipment, has acquired an Israeli company that specializes in fiber lasers.

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Broadcom Offers Some Details on Baseband Cuts

Irvine-based chipmaker Broadcom Corp. plans to cut about 20% of its workforce and consolidate or close 18 locations around the world as part of a restructuring plan prompted by the wind down of its unsuccessful baseband business.

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Broadcom to Trim Workforce

Irvine-based chipmaker Broadcom Corp. plans to cut about 20% of its workforce and consolidate or close 18 locations around the world as part of a restructuring plan prompted by the wind down of its unsuccessful baseband business.

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Microsemi Buys Irish Company

Aliso Viejo-based chipmaker Microsemi Corp. has acquired an Irish company that specializes in chip design geared for large-scale Ethernet operations and testing.

Toba Rolls Ahead With String of Exits, IPO

FINANCE: Smith’s VC firm backs up talk of fast start, OC investments

Toba Capital, the Irvine-based venture capital firm launched by former Quest Software Inc. Chief Executive Vinny Smith, is on a roll with three recent exits and an initial public offering topping $100 million apiece.

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Chipmaker WiSpry Raises $8M

Irvine-based chipmaker WiSpry Inc. has raised $8 million in a funding round, according to documents filed with the Securities and Exchange Commission.

Vinny’s Other Dell Deal: $150M for Quest’s Venture Portfolio

FINANCE: 10 companies formed foundation of Irvine-based Toba

The foundation of what is now the largest venture capital firm in Orange County tracks back to Vinny Smith’s success in retrieving a chunk of Quest Software in a deal struck nearly a year after its $2.8 billion sale to Dell Inc.

Software-as-a-Service Provider Grows Into New HQ

Project Insight’s Revenue Climbs Quickly

An Irvine software company that’s helped Gap, Cisco and Dell streamline work projects has expanded into a new 5,000-square-foot headquarters.

Ex-Ahold CFO Joins Western Digital Board

Irvine-based memory products maker Western Digital Corp. expanded its board of directors with the appointment of finance veteran Paula Price.

OC Roots Surface in $140 Million Acquisition

TECHNOLOGY: Lake Forest company in hot segment

The deep roots of Orange County’s technology sector intersected with one of the industry’s hottest segments in last week’s $140 million sale of Lake Forest-based chipmaker Newport Media Inc.

D-Link Looks to Grow on Gear for Connected Homes

TECHNOLOGY: New products ready, ad campaign in works

Fountain Valley-based D-Link Systems Inc. is making an aggressive move into the connected-home market with a slew of new products, big retail distributors, and its first national TV campaign.

Oculus VR Buys, Announces Conference

Irvine-based Oculus VR Inc. announced another acquisition and plans to host a September developer conference in Los Angeles.

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Western Digital Arm Leads $20M Funding Round

Western Digital Capital, the investment arm of Irvine-based storage products maker Western Digital Corp., has led a $20 million funding round for a Pittsburgh cloud storage provider.

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Western Digital Arm Leads $20M Funding Round

Western Digital Capital, the investment arm of Irvine-based storage products maker Western Digital Corp., has led a $20 million funding round for a Pittsburgh cloud storage provider.

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Western Digital Adds Director

Irvine-based memory products maker Western Digital Corp. has expanded its board of directors with the appointment of finance veteran Paula Price.

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Oculus’s Latest Buy in Costa Mesa; Plans Developer Conference in L.A.

Irvine-based Oculus VR Inc. on Monday announced another acquisition and plans to host a September developer conference in Los Angeles.

Ingram Micro Buys Minn. IT Provider

Santa Ana-based Ingram Micro Inc. acquired a Minnesota Internet technology provider to bolster its professional services offerings for its network of global resellers.

Airwolf’s New 3-D Printer Smooths Prototype Process

Latest Model Targets Higher-End Market

Costa Mesa startup Airwolf 3D said it has notched another breakthrough in 3-D printing technology with its latest model.

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Ingram Micro Buys Minnesota IT Firm

Santa Ana-based Ingram Micro Inc. has acquired a Minnesota Internet technology provider to bolster its professional services offerings for its network of global resellers. Financial details of the buy were undisclosed.

Flag Is Up at Los Al

North OC Track Goes Big for Thoroughbred Debut

Credit some big-time stakes races for helping Los Alamitos Race Course attract top names in Southern California’s horse-racing industry for its first thoroughbred season—a midsummer run that’s set to kick off this week.

Oculus Buys Xbox Game Controller Creator

Oculus VR Inc. acquired the product design and engineering firm that developed the Xbox 360 controller.

Orange County Nonprofit Octane Adds Three Women to Its Board

Funding Catalyst Now Has Four on 43-Seat Body

Octane, the Irvine nonprofit organization that connects technology executives and companies with sources of capital and other resources, has diversified its board with the addition of three female executives.

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Oculus to Buy Xbox 360 Controller Developer

Oculus VR Inc. has acquired the product design and engineering firm that developed the Xbox 360 controller.

Kingston Plans to Boost Stake in Taiwanese Chipmaker

TECHNOLOGY: To buy 5M shares of NAND flash maker

Fountain Valley-based storage products maker Kingston Technology Corp. is poised to boost its stake in another Taiwanese chipmaker as it hedges against rising component prices.

When Luckey Met Zuckerberg

How Oculus Went From Startup to FB Venture

You won’t find virtual reality gaming developer Oculus VR Inc. on this week’s list of the biggest private companies based in Orange County—and the maker of virtual reality headsets didn’t make the rankings last year, either.

Kurion Nabs Another Nuclear Plant Cleanup Contract

Adds to Japan Work To Double Its Revenue

Irvine-based Kurion Inc. has been awarded another lucrative contract from the Tokyo Electric Power Co. related to the massive cleanup efforts at the Fukushima Daiichi Nuclear Power Plant.

QLogic Chairman Passes Unexpectedly

Longtime QLogic Corp. Executive Chairman HK Desai died suddenly June 8 of cardiac arrest, the Aliso Viejo-based networking gear maker said.

Telogis Wins Hino Motors Contract to Equip Vehicles

Models to Get Telematics System Hino Insight 2.0

Aliso Viejo-based Telogis Inc. has followed up its software deal to equip General Motors’ commercial vehicles with its first contract with the U.S. unit of Hino Motors Ltd., the third largest truck maker in the world.

Oculus to Take on Role as Publisher for Initial Virtual Reality Game

MEDIA: Could be bundled with consumer Oculus Rift

Oculus VR Inc. will publish its first game exclusively made for its breakthrough virtual reality headset as the device nears a launch date for the consumer market.

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QLogic’s Desai Dies at 68

Longtime QLogic Corp. Executive Chairman HK Desai died suddenly Sunday night of cardiac arrest, the Aliso Viejo-based networking gear maker announced Monday.

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