Orange County Business Journal

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Veritone Prices IPO

Newport Beach-based start-up Veritone Inc. will sell 1.25 million shares of common stock valued between $14 and $16 per share under terms of its initial public offering, according to a filing today with the Securities and Exchange Commission.

By Chris Casacchia April 21, 2017 10:39 a.m. share »
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Western Digital Shifts HQ to San Jose in Hit To OC’s Tech Prestige

Orange County’s largest public company has switched its headquarters designation to Silicon Valley, a reminder of the influence and attraction of the world’s top tech center, and yet another hit to OC’s corporate base.

By Chris Casacchia April 18, 2017 10:28 a.m. share »
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Two Acquisitions Paved Way for New Western Digital HQ

Western Digital Corp.’s newly designated headquarters in San Jose reflects the growing influence and importance of the company’s two priciest buys in its 57-year history.

By Chris Casacchia April 18, 2017 10:11 a.m. share »

‘Estadium’ May Boost Blizzard’s Hit Game Overwatch

Activision Blizzard Inc.’s newly launched sports “stadium” in Taiwan should boost exposure and standing for “Overwatch,” the hit first-person shooter game developed by Irvine-based subsidiary Blizzard Entertainment Inc.

By Chris Casacchia April 17, 2017 midnight share »
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WD Leads $33M Investment Round

Irvine-based Western Digital Corp. led a $33 million strategic funding round for a Northern California company that specializes in flash storage systems.

By Chris Casacchia April 11, 2017 11:05 a.m. share »
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TTM’s View From the Top

TTM Technologies Inc. has taken an unconventional route to become the nation’s largest printed circuit board maker.

By Chris Casacchia April 10, 2017 10:57 a.m. share »
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Vizio’s $2B Sale Axed

Irvine-based Vizio Inc.’s proposed $2 billion sale to Chinese conglomerate LeEco has been terminated due to “regulatory headwinds,” the companies said Monday morning.

By Chris Casacchia April 10, 2017 10:38 a.m. share »

Cargile Will Lead Roseville-Based Co. From NB Office

Chuck Cargile, the former chief financial officer of Newport Corp., has been tapped for the top position at Roseville-based Sunworks Inc. and will lead the solar power provider from an office in Newport Beach.

By Chris Casacchia April 10, 2017 midnight share »
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Cylance Cuts Jobs

Cylance Inc. in Irvine has initiated a round of job cuts in a restructuring.

By Chris Casacchia April 6, 2017 11:13 a.m. share »
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Chinese Co. Establishes Brea HQ

Shenzhen Rapoo Technology Co. Ltd. has established its North American headquarters in Brea.

By Chris Casacchia April 3, 2017 1:08 p.m. share »

Vizio Buyer Makes More Money-Saving Moves

Vizio Inc.’s proposed buyer, LeEco, is trying to sell its recently purchased U.S. headquarters in San Jose as the company moves to improve its depleting cash position, according to a Reuters report.

By Chris Casacchia April 3, 2017 midnight share »

Phone Accessories Maker Charged About New Case

Irvine startup Peri Inc. has high hopes for its second-generation iPhone charger and speaker case as the company looks to expand accessory offerings and attract its first institutional investment round.

By Chris Casacchia April 3, 2017 midnight share »
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Gaming Vets Sign on for Own Adventure

An Irvine startup launched by a trio of former developers at Blizzard Entertainment Inc. and Riot Games is ready to launch its first title.

By Chris Casacchia March 28, 2017 10:17 a.m. share »

Alteryx Insiders to Control Direction Following IPO

Alteryx Inc. insiders will control the vast majority of voting rights after the company’s initial public offering last week.

By Chris Casacchia March 27, 2017 midnight share »

Steelberg Brothers Aim for Hot Tech Sector

Veritone, founded in 2014, sped out of the gate with nearly $14 million in revenue in 2015, its first full year of business.

By Chris Casacchia March 27, 2017 midnight share »
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Alteryx Shares Rise After IPO

Shares of Irvine-based Alteryx Inc. surged in its first trading session on the New York Stock Exchange.

By Chris Casacchia March 24, 2017 10:08 a.m. share »
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Microsemi Closes China Plant

Microsemi Corp. has closed a manufacturing plant in China, the Aliso Viejo-based chipmaker said after the close of intraday trading Tuesday.

By Chris Casacchia March 22, 2017 10:35 a.m. share »

Corent’s Outlook Cloudy and Bright

Feyzi Fatehi more than decade ago set out to recreate Intel Corp.’s business model for the software industry.

By Chris Casacchia March 20, 2017 midnight share »

Kingston USB Drive Packs Storage Power, Big Price Tag

Fountain Valley-based Kingston Technology Inc. has packed 2 terabytes of storage into a USB flash drive the size of a pack of bubble gum.

By Chris Casacchia March 20, 2017 midnight share »

NB, Irvine Rate as Cybersecurity Hubs

Two Orange County cities are among the top destinations in the country for cybersecurity professionals, according to recent report by GoodCall LLC.

By Chris Casacchia March 20, 2017 midnight share »
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Veritone Inc. Files IPO

Newport Beach-based startup Veritone Inc. aims to raise up to $15 million in an initial public offering, according to a registration statement filed yesterday with the Securities and Exchange Commission.

By Chris Casacchia March 16, 2017 10:12 a.m. share »
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Alteryx Prices IPO

Irvine-based analytics software maker Alteryx Inc. will sell 9 million shares of Class A common stock valued between $12 and $14 per share under terms of its initial public offering, according to a filing today with the Securities and Exchange Commission.

By Chris Casacchia March 13, 2017 11:56 a.m. share »

TCL Pins Hopes on Return of Coveted Keyboard

The wait is over for those clamoring for the return of the Qwerty keyboard.

By Chris Casacchia March 13, 2017 midnight share »

Blizzard’s $1B Rebound: Overwatch

Blizzard Entertainment Inc. took 18 years to develop a new franchise—the first-person, futuristic shooter “Overwatch.”

By Chris Casacchia March 13, 2017 midnight share »
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Clean Energy Shares Jump on Q4

Shares of Clean Energy Fuels Corp. surged in afterhours trading after the Newport Beach-based company reported sales and adjusted earnings in the fourth quarter that easily beat Wall Street expectations.

By Chris Casacchia March 7, 2017 1:45 p.m. share »

Alteryx Valuation Could Range to $900M on IPO

Irvine-based Alteryx Inc.’s planned initial public offering could snap a nearly two-year drought in Orange County.

By Chris Casacchia March 6, 2017 midnight share »

Startup Bases Fast Growth on Customers’ Cloud Needs

A Costa Mesa-based startup launched by two executives with a track record of success in Orange County is off to a fast start.

By Chris Casacchia March 6, 2017 midnight share »
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Clean Energy Sells Unit to BP

Shares of Clean Energy Fuels Corp. surged today after the Newport Beach-based company said it would sell its renewable gas business for $155 million to BP Plc.

By Chris Casacchia March 1, 2017 10 a.m. share »
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Alteryx Files for IPO

Irvine-based analytics software maker Alteryx Inc. aims to raise $75 million in an initial public offering, according to a filing late Friday with the Securities and Exchange Commission.

By Chris Casacchia February 27, 2017 10:18 a.m. share »

Vizio ‘Happy Either Way’ With $2B Deal Shaky

A looming deadline for Vizio Inc.’s $2 billion sale to LeEco has cast further doubt the China-based conglomerate can close the deal amid ongoing financial woes.

By Chris Casacchia February 27, 2017 midnight share »

Broadcom Gets OC-Based Chip Line in Cosemi Deal

A unit of Broadcom Ltd. has acquired the photodetector business of Irvine-based chipmaker Cosemi Technologies Inc.

By Chris Casacchia February 27, 2017 midnight share »

CrowdStrike’s Effort to Block Industry Report Fails

A Delaware district court rejected arguments by Irvine-based software security maker CrowdStrike Inc. to block the release of a report by NSS Labs that shows results of a test of competitor products.

By Chris Casacchia February 27, 2017 midnight share »

Charging Ahead

The Los Angeles Chargers’ new 100,000-square-foot headquarters in Costa Mesa could add some panache to an area just north of the San Diego (I-405) Freeway that’s attracted some sizeable tenants in recent years.

By Chris Casacchia February 20, 2017 midnight share »

Kingston Adds to E-Sports Lineup

The strategy behind recent product launches at Kingston Technology Co.’s growing gaming unit is a simple one: visibility in the booming e-sports scene.

By Chris Casacchia February 20, 2017 midnight share »

Vizio Spying Payment Could Have Bigger Implications

Vizio Inc.’s $2.2 million agreement to settle charges that it violated unfair trade practices and consumer protection laws by tracking the viewing habits of smart TV owners without their knowledge or consent could alter William Wang’s business plan after the company’s proposed sale.

By Chris Casacchia February 20, 2017 midnight share »
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Midday Stock Roundup

The S&P 500 was down 0.1% to 2,343.22.

By Chris Casacchia February 17, 2017 10:31 a.m. share »

Eye of the Tiger

A bunch of fifth graders in a packed classroom at the Tiger Woods Learning Center in Anaheim are analyzing hair and fingerprint samples from a mock crime scene.

By Chris Casacchia February 13, 2017 midnight share »

Blizzard Says It Stands By Immigrant Employees

The human resources and legal teams at Irvine-based video game publisher Blizzard Entertainment Inc. are providing travel guidance, legal assistance and counseling to employees affected by President Donald Trump’s executive order barring refugees and other would-be immigrants in seven countries from entering the U.S. for 90 days.

By Chris Casacchia February 13, 2017 midnight share »

Laguna Beach Exec Gets Pro Tennis Franchise

Laguna Beach resident Eric Davidson has taken up a family tradition with his purchase of Orange County’s professional tennis team from Canadian technology and media entrepreneur Lorne Abony.

By Chris Casacchia February 13, 2017 midnight share »
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WD Bids on Toshiba Unit

Irvine-based storage products maker Western Digital Corp. has placed a bid for a minority stake in Toshiba Corp.’s flash memory business, according to media reports.

By Chris Casacchia February 8, 2017 2:05 p.m. share »
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NB Tennis Team Sold

Laguna Beach resident Eric Davidson has purchased Orange County’s professional tennis team from Canadian technology and media entrepreneur Lorne Abony.

By Chris Casacchia February 8, 2017 5 a.m. share »

He Dialed Up Rapid Growth

James Molloy has been at the center of the most transformative era in Irvine-based Alorica Inc.’s brief history, overseeing two financial transactions in little more than a year that quadrupled the size of the call center operator.

By Chris Casacchia February 6, 2017 midnight share »

Menlo Micro Brings Big Backers to Market

Irvine-based Menlo Micro Inc. has already hit a few milestones that often take fellow startups years to accomplish.

By Chris Casacchia February 6, 2017 midnight share »

WD Poised to ‘Protect’ Interest in Toshiba Partnership

Top Western Digital Corp. executives have been in discussions with counterparts at Toshiba Corp. for weeks amid rising speculation that the Irvine-based storage products maker could bid on the conglomerate’s flash memory business.

By Chris Casacchia February 6, 2017 midnight share »
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MSC Sold for $834M

Newport Beach-based MSC Software Corp. will be sold for $834 million to Swedish IT service provider Hexagon AB, the companies said today.

By Chris Casacchia February 2, 2017 2:16 p.m. share »
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Razer Buys Phone Maker

Irvine-based video game products maker Razer Inc. has acquired the majority of assets of a San Francisco company that developed a mobile phone that offers unlimited cloud-storage capacity.

By Chris Casacchia February 1, 2017 10:42 a.m. share »

Laguna Beach Outfit Looks to Cash In on Virtual Wall

A Laguna Beach-based shell company has acquired a virtual reality developer that will give backers and opponents of President Donald Trump’s proposed wall along the U.S.-Mexico border a chance to purchase portions of a digital version of the edifice—and use the space to express their opinions.

By Chris Casacchia January 30, 2017 midnight share »

Déjá Vu All Over Again for Kofax

Reynolds Bish is back at the helm of the software company he positioned for a $1 billion sale to Lexington, Kentucky-based Lexmark International Inc. less than two years ago.

By Chris Casacchia January 30, 2017 midnight share »

Will Western Digital Benefit From Toshiba’s Woes?

Speculation is building that Irvine-based Western Digital Corp. is in line to bid on a significant portion of Toshiba Corp.’s flash memory business as the Tokyo conglomerate faces staggering write-downs from its failing U.S. nuclear power business.

By Chris Casacchia January 30, 2017 midnight share »
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Microsemi Sales Hit Marks

Aliso Viejo-based chipmaker Microsemi Corp. reported revenue in the December quarter in line with Wall Street expectations, and an adjusted profit that beat estimates.

By Chris Casacchia January 26, 2017 3:28 p.m. share »

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