Orange County Business Journal

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.

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.

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.

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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.

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.

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.

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.

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.

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.

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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.

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.

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.

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.

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.

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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.

$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.

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.

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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.

Oculus Buttons Up Last Operations at Original HQ in Irvine

TECHNOLOGY: Software team will head to Silicon Valley

Oculus VR Inc., a trailblazer that put Orange County on the virtual reality map, has moved the last remnants of its local operation to Silicon Valley.

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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New CEO for GPS Software Maker

Irvine-based Spireon Inc. today announced that Kevin Weiss was named chief executive and the company surpassed 3 million subscriptions for its GPS vehicle telematics software.

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Broadcom Shares Up on Outlook

Shares of Broadcom Ltd. were up after the chipmaker announced adjusted profits in the May quarter that topped Wall Street expectations and gave a sales outlook for the current quarter.

Toshiba Electronics Unit Abandons Segment That Helped Get It Off Ground

TECHNOLOGY: Plans pivot to business, education PC market

Toshiba Corp.’s U.S. electronics unit, headquartered in Irvine, has exited the consumer PC business in a major strategic shift that underscores the changing habits of end-users and lingering challenges facing legacy manufacturers in Japan and across the world.

Vizio Settles Lawsuit With Incentive to Watch More TV

Class-Action Deal Comes As It Battles Another Case

The $2.3 million settlement Irvine-based Vizio Inc. recently reached to stave off a proposed class-action lawsuit regarding false advertising carried an interesting payment mechanism.

OC’s Fight Guy

How Englebrecht Makes Bucks on Boxing

2Pac’s “California Love” bumps over the loudspeakers as Gennady Golovkin begins his walk to the ring, sending the sold-out crowd at the Forum in Inglewood into a frenzy.

Third Biggest Chipmaker in OC Now Led from Irvine

TECHNOLOGY: Skyworks banks on region as power source

Skyworks Solutions Inc.’s new chief executive, Liam Griffin, will run the chipmaker from Irvine, swinging the pendulum of corporate influence from Woburn, Mass., in the Boston metro area to Orange County.

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More Job Cuts at WD

Irvine-based storage products maker Western Digital Corp. is cutting nearly 100 more jobs in Orange County as the company begins to integrate its $17 billion buy of SanDisk Corp. that closed two weeks ago.

UCI Hopes Campus Collaboration Leads To Cybersecurity Institute

TECHNOLOGY: Computer science, law, engineering schools drive effort

University of California-Irvine is in the early stages of establishing a cybersecurity research institute that will become the first of its kind in the state with a national scope and profile.

Clean Energy Founder Savors Idea of First Profits

Otherwise Laments State Of Overall Fuel Market

Count Clean Energy Fuels Corp. co-founder and corporate raider T. Boone Pickens among the throngs of company backers who thought a profitable quarter would come years ago.

Consumer Electronics Hub Sees Cuts at Top On Larger Concerns

ECONOMY: WD, Toshiba react to external, internal factors, trim staff

Orange County is home to a vibrant sector of companies that make and market consumer electronics, the largest among them accounting for more than 4,500 jobs, even with a recent rough patch for local employment at the top.

Software Maker Jobs Up Slightly as Newer Firms Join

TECHNOLOGY: 39 Largest Combine For 8,000-Plus Jobs

The county’s largest software makers grew employment by 5.1% in the 12 months through April as several emerging companies joined the ranks of the largely mature local industry.

CalAmp Move from Oxnard Adds to Tech Sector Here

‘Center of Gravity’ Draws Wireless Products Maker

CalAmp Corp.’s recent headquarters move from Oxnard to Irvine provides a boost in the middle market for Orange County’s roster of publicly traded tech companies.

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Skyworks Names Local Exec CEO

Liam Griffin, who served as president of Skyworks Solutions Inc. from the company’s Irvine office, has been named chief executive of the Woburn, Mass.-based chipmaker.

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Broadcom Sells Another Unit

Broadcom Ltd. has agreed to sell its wireless infrastructure backhaul business for $80 million to MaxLinear Inc. in the latest divestiture led by Chief Executive Hock Tan.

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