Orange County Business Journal

Graphene True Game Changer? OCWD Wants to Know

TECHNOLOGY: Hopes to test Lockheed product by year-end

The Orange County Water District is standing ready to test a new technology under development by Lockheed Martin Corp. that could be a game-changer on water treatment, with the potential to lower costs as municipalities and private businesses search for new ways to secure supplies in drought-stricken California.

New Broadcom Deals Build on China Relationships

Three Ventures Involve Cloud, Set-Tops, Ultra HD

Irvine-based Broadcom Corp., which is set to be acquired for $37 billion by Avago Technologies Ltd., is making a big push in China through strategic partnerships with some of the country’s most influential players.

Gaming Heroes, Legacies and Rescues Star at E3 Show

Game Developers Parade New Titles, Talk Shop

Industry insiders and members of the media attending the recently concluded Electronic Entertainment Expo got a sneak peak at several new titles Orange County video game developers plan to introduce in coming months.

Ingram Micro Makes Two Acquisitions

Santa Ana-based Ingram Micro Inc. acquired two companies that add to its higher-margin and growing recycling and mobile services business, buying U.K.-based Canai Group and Clarity Technology in Portugal on undisclosed financial terms.

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Ingram Micro Buys Two Companies

Santa Ana-based Ingram Micro Inc. has acquired two companies that add to its higher-margin and growing recycling and mobile services business.

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World Poker Tour Sells for $35M

Irvine-based WPT Enterprises Inc., which runs the World Poker Tour, has been acquired for $35 million by one of China’s largest gaming companies.

Startup Raises $6.5M for Sales, Software

Irvine startup Connectifier raised $6.5 million in a Series A funding round led by True Ventures in Palo Alto.

Ingram Micro Makes Saudi Arabia Buy

Santa Ana-based Ingram Micro Inc. furthered its reach in the Middle East by acquiring the assets of Arabian Applied Technology, the largest value-added reseller in Saudi Arabia.

Ex-Blizzard Exec Takes Top Post at Game Developer

20-Year Stint Included President, COO Roles

Longtime gaming exec Paul Sams recently uprooted from Orange County, moved to Austin, Texas, and then ended up taking the top job at Irvine-based game developer Ready at Dawn, which is less than two miles from his former employer, Blizzard Entertainment Inc.

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Ingram Acquires Saudi Arabia Reseller

Santa Ana-based Ingram Micro Inc. has furthered its reach in the Middle East by acquiring the assets of Arabian Applied Technology, the largest value-added reseller in Saudi Arabia.

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Irvine-Based Software Maker Raises $6.5M

Irvine startup Connectifier has raised $6.5 million in a Series A funding round led by True Ventures in Palo Alto.

Vinny’s Latest Play: Croatian Soccer Team

SPORTS: Deal includes 10,000-seat stadium on Adriatic coast

Vinny Smith has added a professional soccer club to the growing list of investments he’s compiled since netting some $800 million on a $2.8 billion sale of Quest Software three years ago.

Super-Secure Mobile Network Debuts in Beta Trial

Result of ‘Fishbowl’ Project Done With NSA

An Irvine-based startup that collaborated with the National Security Agency for years to develop a private mobile network has released what it calls “the world’s most secure cellphone service.”

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Irvine Firm to Makes Games for Oculus Rift

Irvine-based video game designer Ready at Dawn will be among the first companies to partner with Oculus VR Inc. on new gaming titles for the highly anticipated Oculus Rift headset that was unveiled today in San Francisco.

Broadcom Sale Points Up OC Role in Consolidation

2nd Recent Buy Here for Avago Technologies

Orange County has become fertile ground for the chip sector’s ongoing consolidation in the past few years, highlighted by Broadcom Corp.’s record-setting $37 billion sale to Avago Technologies Ltd.

Place in HomeKit Adds to Insteon’s Momentum

TECHNOLOGY: Gets nod on Apple’s hub for connected home

Irvine-based Insteon is among the first companies handpicked by Apple Inc. for the initial lineup of its much-anticipated HomeKit, which offers consumers a selection of services for connected home devices.

Nicholas: Broadcom Sale Ticket to ‘Next Level’

TECHNOLOGY: Lauds Avago boss Tan, eyes Intel’s crown

Broadcom Corp. cofounder Henry Nicholas has high hopes for the chipmaker as it heads toward the new leadership and financial muscle expected to come with a proposed $37 billion sale to Avago Technologies Ltd.

Kingston Technology Sells Unit in China

Fountain Valley-based Kingston Technology Co. sold a subsidiary to Shenzhen Kaifa Technology Co. in China.

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Kingston Sells Chinese Unit

Fountain Valley-based Kingston Technology Co. has sold a subsidiary to Shenzhen Kaifa Technology Co. Ltd. in China.

Broadcom To-Do List: Keep Name, Shed CEO, Bring Nicholas Back

TECHNOLOGY: Cuts expected, but Irvine campus still in works

Change will start at the top at Irvine-based Broadcom Corp. when a $37 billion sale to fellow chipmaker Avago Technologies Ltd. is poised to usher out longtime Chief Executive Scott McGregor and bring cofounder Henry Nicholas back to the company’s fold.

CenturyLink Tests Power-Saving Tech at Irvine Facility

Fuel Cells Save Electricity, Lower Data Center Costs

Monroe, La.-based CenturyLink Inc., one of the largest data-center builders and operators in the U.S., is testing a new fuel cell technology at its Irvine operation that could lead to significant cost savings in the capital-intensive sector while freeing up power on the taxed electrical power grid run by Southern California Edison and other energy providers.

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Kiss Names New CEO

Arena football insider Joe Windham has been named chief executive of the LA KISS, which plays its home games at the Honda Center in Anaheim.

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Broadcom Shares Surge Wednesday on Takeover Talks

Shares of Broadcom Corp. surged in afternoon trading Wednesday amid media reports that the Irvine-based chipmaker is in negotiations to be acquired by Avago Technologies Ltd.

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Neudesic Buys Anaheim IT Provider

Irvine-based IT provider Neudesic LLC has acquired Anaheim competitor Web4, which specializes in enterprise content management and human resources software.

CenturyLink Tests Power-Saving Tech at Irvine Facility

Fuel Cells Save Electricity, Lower Data Center Costs

Monroe, La.-based CenturyLink Inc., one of the largest data-center builders and operators in the U.S., is testing a new fuel cell technology at its Irvine operation that could lead to significant cost savings in the capital-intensive sector while freeing up power on the taxed electrical power grid run by Southern California Edison and other energy providers.

This Fantasy All Business

Aliso Viejo-Based Startup Aims to Secure Standing in Fast-Growing Segment of Online Gaming

The 100-foot Mojo eases away from the dock to navigate Newport Harbor, passing waterfront mansions and celebrity getaways on its way to open waters.

Western Digital to Cut at Irvine HQ

TECHNOLOGY: 6% trim claims 115 jobs in ‘moderate restructuring’

Storage products maker Western Digital Corp. will shed 115 jobs from its Irvine headquarters as part of a “moderate restructuring” in response to sagging global PC sales.

What’s Next?

Hollywood Backer, NBA Ties Point to Potential of VR Startup

Laguna Beach-based NextVR Inc. is on a hiring spree and considering the development of a new engineering hub in Orange County amid recent progress toward deals to license its virtual reality content technology to professional sports leagues.

Meggitt Adds Hires in Irvine to Meet Growing Demand

Orders Up For Military, Aerospace Sensors

The Irvine operation of U.K.-based Meggitt Sensing Systems has been on a hiring push since consolidating its San Juan Capistrano and Londonderry, N.H., outfits less than two years ago.

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Clean Energy Shares Fall on Missed Targets

Shares of Clean Energy Fuels Corp. were down about 2% in midday trading Tuesday after the Newport Beach-based company reported first-quarter revenue and adjusted profits that missed Wall Street expectations.

New Octane Head Plans to Beef Up Startup Booster

Ex-BlackStone Exec Aims For Stronger Service, Image

New Octane Chief Executive Bill Carpou is crafting a strategy to build awareness of the Irvine-based nonprofit; improve the development of early-stage technology and biomedical companies that use its programs; and bring outside investment into OC.

D-Link Lands Wal-Mart Deal for Wi-Fi Cameras

TECHNOLOGY: Boosts its connected-home standing

Fountain Valley-based D-Link Systems Inc. has strengthened its position in the booming connected-home market in a deal with the world’s largest retailer, Wal-Mart Stores Inc.

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Blizzard Posts Big Subscription Drop

Irvine-based video game maker Blizzard Entertainment Inc. reported a big loss of online subscribers for its flagship World of Warcraft franchise that led to a steep drop in first-quarter revenue and operating profits.

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Ingram Micro Q1 Mixed

Santa Ana-based Ingram Micro Inc. after the close of trading today reported first-quarter revenue that just beat Wall Street expectations, and adjusted profits that narrowly missed estimates.

Paragon Wins Entree to China Smartphone Market

TECHNOLOGY: Software maker in deal with ZTE

Irvine-based Paragon Software Group Inc. has notched a key design win to supply networking technology to China’s second largest telecommunications equipment maker.

Yogurtland’s Chang Aids Startup’s Russian Phone Deal

TECHNOLOGY: Dual-faced ‘Yota’ gets Psyx audio tech

An Irvine-based startup backed by Yogurtland founder Phillip Chang has signed its first licensing deal to imbed audio compression technology in a pricey smartphone with dual displays.

Insteon Keyed In on Opportunity Tied to Apple Watch

Irvine Tech Firm’s App Allows Home Controls

Engineers at Irvine-based Insteon, a home-automation technology provider, worked with Apple Inc. counterparts for months in preparation for the much-hyped April 24 release of the Apple Watch.

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Western Digital Just Misses Forecasts

Irvine-based storage products maker Western Digital Corp. after the close of intraday trading Tuesday reported March revenue and adjusted profits that narrowly missed Wall Street expectations.

Vizio Unveils New Smart TVs in Trendy Chelsea

Lineup Follows Skip Of CES in Las Vegas

Vizio Inc.’s new product launch strategy was on full display at a recent showcase in New York City, where the Irvine-based company introduced a lineup of smart TVs and audio accessories in the trendy Chelsea neighborhood.

Software Makers Grow Employment 4th Year Straight

Biggest Here Eke Out Modest Gain, Employ 7,991

The largest software makers in Orange County added jobs for the fourth straight year, albeit at a slower clip.

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SJC Startup Lands GE Investment

San Juan Capistrano-based software maker PingThings Inc. has received a venture capital investment from GE Ventures, the venture capital arm of General Electric, and Frost Data Capital.

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Broadcom Beats Forecasts on Q1

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

Ups, Downs Even Out as Aerospace Holds Steady on Jobs

THE LIST: IFE sector offsets cuts at top-ranked Boeing

Employment at Orange County’s largest aerospace and defense contractors was roughly flat for the third straight year.

Laser Maker Uses Time to Advantage With Board Revamp

Newport Corp. Takes Age Limits as Cue for Makeover

Newport Corp. went to great lengths in the past few years to revamp its board with big names in the science and corporate worlds.

Startup Raises $23M for Investment App

Newport Beach startup Acorns Grow Inc. raised $23 million in a Series C round to fuel the growth of its smartphone app, which aims to bring microinvesting to the masses.

Circuit Board Maker Aims to Buck Sunset Trend

Hopes New Technology Will Cut Costs, Spur Sales

Murrietta Circuits, one of Orange County’s oldest technology companies, believes a new licensed technology will dramatically improve its process for manufacturing circuit boards, positioning the 35-year-old family-run business for growth in a declining U.S. industry.

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M-Flex CFO Resigns

Multi-Fineline Electronix Inc. Chief Financial Officer Tom Liguori has resigned to pursue other opportunities, the Irvine-based printed circuit board maker announced after the close of intraday trading.

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NB Startup Raises $23M

Newport Beach startup Acorns Grow Inc. has raised $23 million to fuel the growth of its smartphone app that aims to bring microinvesting to the masses.

Irvine Firm Buys 35 Pilates Studios

Irvine-based LAG Fit Inc. acquired Club Pilates, a franchised chain of 35 Pilates studios in the U.S. and Australia.

Apple Nears Samsung at Top of Broadcom’s List

Brisk iPhone, Phablet Sales Account for $1.4B

Record sales of the iPhone 6 and 6 Plus helped push Apple Inc. last year to the cusp of overtaking Samsung Electronics Co. as Broadcom Corp.’s largest customer.

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