Orange County Business Journal

Gaming Content Maker Acquired

Twitch.tv, the world’s largest live-streaming site for gaming content, acquired Irvine-based Curse Inc., which creates content for gamers.

$97M Army Contract to Irvine Manufacturer

A manufacturer in Irvine has won a nearly $97 million contract to supply weapon components to the U.S. Army.

Kingston Joins Pokémon Bandwagon With Competition

Gym Battle Provides Face Time With Game’s Fans

Fountain Valley-based Kingston Technology Inc. is the latest OC tech company trying to capitalize on the Pokémon Go craze sweeping the globe.

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Amazon’s Twitch Buys Irvine Gaming Specialist

Twitch.tv, the world’s largest live-streaming site for gaming content, has acquired Irvine-based Curse Inc., which creates content for gamers.

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Smith Micro Down After Reverse Split

Shares of Smith Micro Software Inc. are down in its first trading session after the Aliso Viejo-based company initiated a reverse stock split before the start of trading today.

Liftoff for Growth

EnCore’s New Airliner Seat Certification Unit Ready To Leverage Boeing Contract to Gain Market Share

An acceleration sled propelled by two compressed air tanks has just concluded one of its first thrusts down a 120-foot runway in a renovated wing at the Huntington Beach headquarters of EnCore Aerospace LLC.

Microsemi Names Rams Practice Facility

Aliso Viejo-based chipmaker Microsemi Corp. took naming rights of the Los Angeles Rams practice facility at the University of California-Irvine.

US Patent Chief Sees Momentum on Cybersecurity

Obama Adviser Marks Increased Applications

Michelle Lee, a senior economic adviser to President Barack Obama and the country’s top patent official, in a recent interview with the Business Journal highlighted the importance of new technologies related to cybersecurity, a growing area of specialization in Orange County.

Telecoms Reverse 2 Years of Job Cuts With 4% Gain

Led By T-Mobile, Which Added 175 Employees

The continued growth of T-Mobile USA Inc. and Mobilitie LLC’s local operations boosted the employment of the largest telecommunications companies in Orange County over the year ended July 31.

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Microsemi Name for Rams' UCI Field

Aliso Viejo-based chipmaker Microsemi Corp. has taken naming rights of the Los Angeles Rams practice facility at University of California-Irvine.

Tech-Exec-Turned-VC-Leader Eschews Corner Office

Smith Reflects on Pass Of Chance to Buy Dell Unit

The allure of taking over the business software unit he grew to about $1 billion in annual revenue until its $2.8 billion sale in 2012 to Dell Inc. wasn’t enough to win over Vinny Smith.

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Irvine Gets Google Fiber

Irvine will become the latest U.S. market to feature Google Inc.’s new super-speedy Internet service for businesses and residents—with a caveat: The Mountain View-based tech giant initially is rolling out the service only to select Irvine Co. properties, the companies said today.

Purchase of Quantum Fuel Could Bring Turnaround

Douglas Acquisitions Picks Up Lake Forest-Based Firm

Quantum Fuel Systems Technologies Worldwide’s recent sale to Douglas Acquisitions LLC may provide the runway and resources to finally put the Lake Forest-based company on solid financial ground after years of tweaking its business model and product lines.

Big Wheels, Big Deals

How OC’s Wealthiest Got Much Wealthier

This year’s crop of OC’s richest residents managed to outpace the market by a longshot, thanks to a number of additions and several deals that helped boost the combined wealth of the 45 entries to $72.5 billion.

On Vinny’s Table: Impact Investing

The dining room table is Vinny Smith’s preferred office these days.

Kobe’s Transition Game

New Career at Newport Beach-Based Storytelling Enterprise ‘Feels Right’

Kobe Bryant has enlisted some Hollywood big men to craft the next chapter of his life after basketball.

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WD Sales, Profits Down

Irvine-based Western Digital Corp. reported lower annual sales and adjusted profits.

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WD Leads VC Round

Irvine-based Western Digital Corp. co-led a $77 million funding round for a Redwood City startup with noted Silicon Valley venture capital firm Kleiner, Perkins, Caufield and Byers.

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Vizio in $2B Deal

Irvine-based Vizio Inc. has been acquired for $2 billion by LeEco, a conglomerate based in China.

Equipment Firm Hopes Seimens Deal Signals Turnaround

Ener-Core Grants Rights To Make, Sell Industrial Units

A new licensing and manufacturing deal with Dresser-Rand could bring profitability to Irvine-based Ener-Core Inc. after nearly a decade in the red.

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Ingram Sale Hits Bump

Ingram Micro Inc.’s pending $6 billion sale to Chinese conglomerate Tianjin Tianhai Investment Co. Ltd. has run into its first hurdle that could ultimately derail the deal.

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Quantum Fuel Bought

Lake Forest-based Quantum Fuel Systems Technologies Worldwide Inc. was purchased by Douglas Acquisitions LLC, an affiliate of second-position secured creditors.

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Silicon Valley Software Maker to NB

Newport Beach-based startup Predictive Inc. has acquired a Silicon Valley software maker developing advanced learning applications.

Next Act for Cylance: Consumer Market

TECHNOLOGY: Citigroup among backers of cybersecurity specialist

One of Orange County’s fastest growing companies is crafting a strategy to claim new ground with a push into the consumer market.

OC-Rooted Software Makers Acquired Behind Scenes

Epicor Originally in Irvine, Dell Unit Came From Quest

Two software makers with deep roots in Orange County that helped develop the industry here quietly changed hands in private equity deals.

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Toba in $11M Series A Round

Vinny Smith’s Toba Capital in Newport Beach has led an $11 million Series A round for business software maker Grow.

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Rams to Summer at UCI

The Los Angeles Rams will hold the team’s annual summer training camp at University of California-Irvine for the next three years.

Execs of OC Tech Stalwart Strike Out on Their Own

Some See Better Breaks, Others Innovate on Own

Vast strategic and management changes and hundreds of local job cuts initiated over the past few years at Broadcom Corp. and more recently at Broadcom Ltd. are creating opportunities for former executives that ultimately could reshape Orange County’s technology landscape.

VR Content Maker Takes in $20 Million

Laguna Beach-based virtual reality content maker NextVR Inc. raised $20 million from CITIC Guoan Information Industry, a state-owned investment firm in China.

Trout Turns Pitchman on Smart Bat

Angel Star Endorses Model With Data Sensor

Mike Trout is part of an effort to bring America’s Pastime into the age of data with the game’s first smart bat.

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WD Ups Targets, Promotes New CFO

Western Digital Corp. today raised its guidance for the current quarter and initiated an executive change.

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NextVR Raises $20M

Laguna Beach-based virtual reality content maker NextVR Inc. has raised $20 million from CITIC Guoan Information Industry, a state-owned investment firm in China.

Electronics Maker to Develop Apple Home Device

D-Link Wi-Fi Camera To Join HomeKit Products List

Fountain Valley-based D-Link Systems Inc. has its first product approved for Apple Inc.’s developing HomeKit platform, which offers a selection of services for connected-home devices.

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Ingram Slashes Jobs in Texas

Irvine-based Ingram Micro Inc. is cutting more than 900 workers at a wireless device repair and distribution center in Fort Worth, Texas.

Reduced OC Contingent at E3 Reflects Industry Shift

Games on Go, Other Event Limit Local Attendance

Orange County video game makers were uncharacteristically absent from the recently concluded annual Electronic Entertainment Expo at the Los Angeles Convention Center.

DNC Hires Irvine Firm to Help Stop Intelligence Hack

TECHNOLOGY: CrowdStrike in demand to thwart cyberattacks

CrowdStrike Inc. has been hired by the Democratic National Committee to halt a breach carried out by intelligence hackers from Russia, according to the Irvine-based security software maker.

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Irvine Software Maker Sold

Irvine-based data management software maker Vision Solutions Inc. has been sold to private equity firm Clearlake Capital Group L.P. in Santa Monica.

China Gives Box Office Boost to Movie Based On Blizzard Game

MEDIA: Domestic opener tame by comparison to $150M take over there

The movie based on Blizzard Entertainment Inc.’s franchise fantasy game could be on its way to becoming Hollywood’s biggest hit in China.

QLogic to Go to Silicon Valley Firm for $1B

Aliso Viejo-based networking products maker QLogic Corp. said it will be acquired for about $1 billion by Silicon Valley chipmaker Cavium Inc.

Brea Aerospace Supplier Matches Up With Giants

AEROSPACE: Kapco buy in Netherlands brings global scale

Kapco Global’s acquisition of Avio-Diepen in the Netherlands has positioned the Brea-based company to better compete against the distribution units of aerospace giants Boeing Co. and Airbus Group SE.

Some Local Firms Take Advantage of Important Stage

Private Red Herring Event Opp for High-Potentials

A handful of OC tech companies presented their stories to interested investors and executives across the country at a recent invite-only conference in Newport Beach.

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New CEO for Battery Maker

Former Broadcom Corp. executive Robert Rango has been named chief executive of Irvine-based battery maker Enevate Corp.

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QLogic Sold for $1B

Shares of Aliso Viejo-based networking equipment maker QLogic Corp. rose 10% after the company said it would be acquired for about $1 billion by Silicon Valley chipmaker Cavium Inc.

Brunt of Western Digital Cuts Come in Silicon Valley

SanDisk, HGST to Bring About $1B in Savings

Western Digital Corp.’s massive integration of SanDisk Corp. and HGST already has led to more than 500 job cuts in the past month, and more are expected.

EON Puts $20 Million Into VR Center in Mexico

TECHNOLOGY: Education push includes augmented reality

Irvine-based software maker EON Reality Inc. hopes to keep its growth up by bringing virtual and augmented reality content to the masses through an aggressive international plan centered on education and awareness.

$100M Raise Points to Cybersecurity Niche

The $100 million raised by Cylance Inc. last week highlights the booming demand for software security needed to thwart malicious cyberattacks in the public and private sectors—and the growing appetite of venture capitalists to fund Orange County-based businesses that are taking on the challenge.

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Cylance Raises $100M

Irvine-based security software maker Cylance Inc. has raised $100 million in a Series D funding round led by Blackstone Tactical Opportunities and Insight Venture Partners.

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Sniper Scope Maker in $81M Contract

Irvine-based N2 Imaging Systems LLC has been awarded a five-year, $81 million Defense Department contract to develop and manufacture sniper scopes.

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Blizzard-Facebook Tie-In

Irvine-based Blizzard Entertainment Inc. today announced a partnership with Facebook Inc. that aims to connect millions of gamers while boosting content on the world’s largest social network.

Toshiba Chief Nominee Had Six-Year Tenure in OC

37-Year Company Vet Ran Medical Systems Unit

The executive in line to take over Toshiba Corp.’s struggling global operation and tarnished brand spent six years in Orange County leading a key U.S. unit based in Tustin during his long tenure with the Japanese conglomerate.

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