TECHNOLOGY: $3.8B deal catches Wall Street by surprise
China continued to make waves in Orange County last week with a $3.8 billion deal that will give Unisplendour Corp. Ltd. a 15% stake in Irvine-based Western Digital Corp.
Business Failure Led Vizio Co-founder to ‘Innovate Myself Out of This Situation’
William Wang owes as much to his failures as his successes.
Search Fund Acquires Local Software Maker
Poplar Capital Partners LLC’s recent buy of Yorba Linda-based business software maker mTAB LLC was backed through a rarely used investment mechanism: a search fund.
Telogis Hooks Up With AT&T on Software for Automakers
Telogis Inc.’s new deal with AT&T Inc. marks another significant turn for the Aliso Viejo-based logistics software maker under the leadership of co-founder Newth Morris.
TTM Technologies Inc. will shutter three manufacturing plants and lay off 550 workers as part of a global integration plan following its $927 million June acquisition of Viasystems Group Inc., the Costa Mesa-based printed circuit maker announced today.
Laguna Beach-based startup NextVR will stream the Democratic presidential debate next month in Las Vegas on CNN, adding to its list of firsts in the developing virtual reality segment.
Technology industry veteran Joe Bergera was named chief executive of Iteris Inc., a Santa Ana-based data provider and traffic management software maker.
TECHNOLOGY: Chipmaker to put $15M or more into plant on Jamboree
Israel-based Tower Semiconductor Ltd. is investing $15 million to $20 million to upgrade its Newport Beach manufacturing plant to meet growing demand for new generations of chips for smartphones and other wireless devices.
Space Unit Targets Niches In Mission-Critical Work
Aliso Viejo-based chipmaker Microsemi Corp. has supplied several key components on NASA’s New Horizons spacecraft, which was sent in part to study Pluto in a mission launched nearly a decade ago from Cape Canaveral Air Force Station in Florida.
Technology industry veteran Joe Bergera has been named chief executive of Iteris Inc., the Santa Ana-based data provider and traffic management software maker said this morning.
Irvine-based startup Enevate Corp. has raised $30 million in a Series B funding round and has plans to start production of its lithium batteries.
Company Looks to Nearly Double Work Force to 90
Aliso Viejo-based startup Verismic Software Inc. is on a hiring push as more companies look to offload IT management services via the cloud.
TECHNOLOGY: Distribution giant abandons general overhaul
Ingram Micro Inc. has scrapped a global software overhaul launched seven years ago in an effort to improve flexibility as the distribution giant’s business model evolves.
Amazon.com Designation Opens More Doors
A big push into e-commerce and a partnership with the world’s largest online retailer has helped Irvine-based Seta International’s top line skyrocket in the past few years.
Irvine-based startup Enevate Corp. has raised $30 million in a Series B funding round has plans to start production of its lithium batteries.
Changes Lead Ener-Core To Quit Manufacturing
Irvine-based Ener-Core Inc. has signed its first large-scale commercial order after some missteps, management changes and a company split.
TECHNOLOGY: Completes buy of SF-based software firm
Vizio Inc. has acquired full ownership of a technology that enables smart TVs to capture, record and disseminate data on the viewing habits of its customers.
Milligan Reshaped HGST, Leonetti Same at Amgen
The track record of Chief Executive Steve Milligan and Chief Financial Officer Olivier Leonetti might have foreshadowed Irvine-based Western Digital Corp.’s extensive job cuts in recent years.
Players Do What They Love for Big Cash, Fame
Sean Gares is getting ready to leave his Tustin apartment to catch a 2 p.m. flight out of LAX to Germany.
TECHNOLOGY: NCSOFT hires 100 in Aliso Viejo
South Korea-based video gaming giant NCSOFT Corp. is pouring big money into expanding its Aliso Viejo operations in a global effort to bring a roster of popular role-playing fantasy games to the West under a new business model.
Much of Play Devoted To Blizzard’s Game Fare
Irvine-based Blizzard Entertainment Inc. and Kingston Technology Inc. in Fountain Valley are at the forefront of one of the hottest trends in the technology industry that’s attracting stadium-size crowds to venues across the globe and millions of online viewers.
Cie Digital Aims For Up To 4 Launches Per Year
Cie Digital Labs’ recent move from Long Beach to Irvine could boost OC’s developing ecosystem of incubators, a mix of real-estate-driven plays, public and private partnerships, and co-working spaces.
Western Digital Corp. eliminated 81 positions from its Irvine headquarters in its second round of layoffs in the past three months.
18 Biggest Companies Add Just Nine Employees
Employment at the county’s largest contract electronics makers was flat over the past 12 months, despite steady sales growth in the industry worldwide.
Western Digital Corp. has cut 81 positions at its Irvine headquarters, slightly more than 4% of its local employment base, the company confirmed to the Business Journal.
MARKETING: China-based company gets license from CBS
Flat TV designer and marketer Westinghouse Digital LLC has relocated its headquarters from Orange to the eastern edge of Los Angeles County and changed its name, the company confirmed to the Business Journal.
Clears Antitrust Waiting Period, Close Set for Q1
Irvine-based Broadcom Corp.’s pending $37 billion sale to Avago Technologies Ltd. in Singapore has passed one of the first regulatory hurdles.
QLogic Corp. this morning announced that two women will take the top management posts of the Aliso Viejo-based-based networking equipment maker.
Verizon Trims 1,000 in OC, Leads to 2nd Drop in a Row
A companywide restructuring fueled the second straight year of significant job losses among Orange County’s largest telecommunications companies.
Revenue Up 13%, WoW Subscribers Down
Blizzard Entertainment Inc.’s evolving business model into free-to-play games has helped the Irvine-based video game maker offset the lowest subscription count for its flagship World of Warcraft franchise in more than decade.
Costa Mesa startup Ultra Mobile has zoomed to the top of the list of the 5000 fastest growing private companies in the U.S., according to Inc. Magazine.
Former Western Digital Corp. Chairman and Chief Executive Matthew Massengill will regain the top board seat following the retirement of Tom Pardun later this year, the Irvine-based storage products maker announced.
TECHNOLOGY: Chipmaker bills 2 offerings as more secure
Aliso Viejo-based Microsemi Corp. has entered the auto market with two chip offerings as car manufacturers wrestle with mounting security concerns over data breaches and hacking attacks.
TECHNOLOGY: Takes on oversight, board seat for TGCS
Scott Maccabe will oversee a big strategic shift that aims to leverage two of Toshiba Tec Corp.’s largest U.S. business units under a new leadership role.
Minority Owner Details; Founder Wang Has 54.7%
Regulatory filings from Vizio Inc.’s planned initial public offering uncovered several unknowns behind the Irvine-based consumer electronics brand.
Newport Beach-based Clean Energy Fuels Corp. reported revenue and adjusted profits in the second quarter that missed Wall Street expectations.
Newport Corp. will lay off workers and take other cost cutting measures, the Irvine-based company announced at the close of intraday trading Tuesday, after missing revenue and profit targets for the June quarter.
Scott Maccabe, the president and chief executive of Irvine-based Toshiba America Business Solutions Inc., has taken on the same dual role for Toshiba Global Commerce Solutions Inc., which makes installed retail point of sale systems.
MARKETING: Electronics brand aims to raise up to $172.5M
Vizio Inc. cofounder and Chief Executive William Wang will retain control of the brand under a plan to take the TV titan public.
Talk Picks Up On Other Potential Bidders
Broadcom Corp. cofounder Henry Nicholas set his hopes high after the Irvine chipmaker announced a $37 billion sale in late May to Avago Technologies Ltd.
Irvine-based security software maker Cylance Inc. raised $42 million in a Series C funding round led by DFJ Growth in Menlo Park.
Santa Ana-based Ingram Micro Inc. saw shares rise about 10% in Friday trading after it reported slightly higher second-quarter adjusted profits yesterday that also beat analyst estimates, though revenue missed analyst forecasts.
Irvine-based chipmaker Broadcom Corp. after the close of intraday trading reported second-quarter revenue in line with Wall Street expectations and adjusted profits that missed estimates.
A Yorba Linda software maker that specializes in survey analysis has been acquired by local investment firm Poplar Capital Partners LLC, which is based in the same city.
Irvine-based storage products maker Western Digital Corp. after the close of intraday trading Wednesday reported June revenue in line with Wall Street expectations and adjusted profits that beat estimates.
Irvine-based security software maker Cylance Inc. has raised $42 million in a Series C funding round led by DFJ Growth in Menlo Park.
Irvine-based Vizio Inc. has filed a registration statement with the Securities and Exchange Commission to raise up to $172.5 million in an initial public offering.
Went Elsewhere After Backers Show Disapproval
A Newport Beach startup has drawn widespread publicity in tech circles for a Kickstarter campaign to bring the world’s smallest Bluetooth headset to market.
Laguna Niguel-based SCP Auctions was named the official auction and appraisal partner of the Naismith Memorial Basketball Hall of Fame.
TECHNOLOGY: Software maker recently consolidated here
Software maker Sage North America is moving its U.S. headquarters from Irvine to Atlanta as part of a global restructuring plan.
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