Orange County Business Journal

Toba Rolls Ahead With String of Exits, IPO

FINANCE: Smith’s VC firm backs up talk of fast start, OC investments

Toba Capital, the Irvine-based venture capital firm launched by former Quest Software Inc. Chief Executive Vinny Smith, is on a roll with three recent exits and an initial public offering topping $100 million apiece.

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Chipmaker WiSpry Raises $8M

Irvine-based chipmaker WiSpry Inc. has raised $8 million in a funding round, according to documents filed with the Securities and Exchange Commission.

OC Roots Surface in $140 Million Acquisition

TECHNOLOGY: Lake Forest company in hot segment

The deep roots of Orange County’s technology sector intersected with one of the industry’s hottest segments in last week’s $140 million sale of Lake Forest-based chipmaker Newport Media Inc.

Software-as-a-Service Provider Grows Into New HQ

Project Insight’s Revenue Climbs Quickly

An Irvine software company that’s helped Gap, Cisco and Dell streamline work projects has expanded into a new 5,000-square-foot headquarters.

Ex-Ahold CFO Joins Western Digital Board

Irvine-based memory products maker Western Digital Corp. expanded its board of directors with the appointment of finance veteran Paula Price.

D-Link Looks to Grow on Gear for Connected Homes

TECHNOLOGY: New products ready, ad campaign in works

Fountain Valley-based D-Link Systems Inc. is making an aggressive move into the connected-home market with a slew of new products, big retail distributors, and its first national TV campaign.

Vinny’s Other Dell Deal: $150M for Quest’s Venture Portfolio

FINANCE: 10 companies formed foundation of Irvine-based Toba

The foundation of what is now the largest venture capital firm in Orange County tracks back to Vinny Smith’s success in retrieving a chunk of Quest Software in a deal struck nearly a year after its $2.8 billion sale to Dell Inc.

Oculus VR Buys, Announces Conference

Irvine-based Oculus VR Inc. announced another acquisition and plans to host a September developer conference in Los Angeles.

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Western Digital Arm Leads $20M Funding Round

Western Digital Capital, the investment arm of Irvine-based storage products maker Western Digital Corp., has led a $20 million funding round for a Pittsburgh cloud storage provider.

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Western Digital Arm Leads $20M Funding Round

Western Digital Capital, the investment arm of Irvine-based storage products maker Western Digital Corp., has led a $20 million funding round for a Pittsburgh cloud storage provider.

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Western Digital Adds Director

Irvine-based memory products maker Western Digital Corp. has expanded its board of directors with the appointment of finance veteran Paula Price.

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Oculus’s Latest Buy in Costa Mesa; Plans Developer Conference in L.A.

Irvine-based Oculus VR Inc. on Monday announced another acquisition and plans to host a September developer conference in Los Angeles.

Airwolf’s New 3-D Printer Smooths Prototype Process

Latest Model Targets Higher-End Market

Costa Mesa startup Airwolf 3D said it has notched another breakthrough in 3-D printing technology with its latest model.

Ingram Micro Buys Minn. IT Provider

Santa Ana-based Ingram Micro Inc. acquired a Minnesota Internet technology provider to bolster its professional services offerings for its network of global resellers.

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Ingram Micro Buys Minnesota IT Firm

Santa Ana-based Ingram Micro Inc. has acquired a Minnesota Internet technology provider to bolster its professional services offerings for its network of global resellers. Financial details of the buy were undisclosed.

Orange County Nonprofit Octane Adds Three Women to Its Board

Funding Catalyst Now Has Four on 43-Seat Body

Octane, the Irvine nonprofit organization that connects technology executives and companies with sources of capital and other resources, has diversified its board with the addition of three female executives.

Oculus Buys Xbox Game Controller Creator

Oculus VR Inc. acquired the product design and engineering firm that developed the Xbox 360 controller.

Flag Is Up at Los Al

North OC Track Goes Big for Thoroughbred Debut

Credit some big-time stakes races for helping Los Alamitos Race Course attract top names in Southern California’s horse-racing industry for its first thoroughbred season—a midsummer run that’s set to kick off this week.

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Oculus to Buy Xbox 360 Controller Developer

Oculus VR Inc. has acquired the product design and engineering firm that developed the Xbox 360 controller.

Kurion Nabs Another Nuclear Plant Cleanup Contract

Adds to Japan Work To Double Its Revenue

Irvine-based Kurion Inc. has been awarded another lucrative contract from the Tokyo Electric Power Co. related to the massive cleanup efforts at the Fukushima Daiichi Nuclear Power Plant.

Kingston Plans to Boost Stake in Taiwanese Chipmaker

TECHNOLOGY: To buy 5M shares of NAND flash maker

Fountain Valley-based storage products maker Kingston Technology Corp. is poised to boost its stake in another Taiwanese chipmaker as it hedges against rising component prices.

When Luckey Met Zuckerberg

How Oculus Went From Startup to FB Venture

You won’t find virtual reality gaming developer Oculus VR Inc. on this week’s list of the biggest private companies based in Orange County—and the maker of virtual reality headsets didn’t make the rankings last year, either.

Telogis Wins Hino Motors Contract to Equip Vehicles

Models to Get Telematics System Hino Insight 2.0

Aliso Viejo-based Telogis Inc. has followed up its software deal to equip General Motors’ commercial vehicles with its first contract with the U.S. unit of Hino Motors Ltd., the third largest truck maker in the world.

Oculus to Take on Role as Publisher for Initial Virtual Reality Game

MEDIA: Could be bundled with consumer Oculus Rift

Oculus VR Inc. will publish its first game exclusively made for its breakthrough virtual reality headset as the device nears a launch date for the consumer market.

QLogic Chairman Passes Unexpectedly

Longtime QLogic Corp. Executive Chairman HK Desai died suddenly June 8 of cardiac arrest, the Aliso Viejo-based networking gear maker said.

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QLogic’s Desai Dies at 68

Longtime QLogic Corp. Executive Chairman HK Desai died suddenly Sunday night of cardiac arrest, the Aliso Viejo-based networking gear maker announced Monday.

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QLogic’s Desai Dies at 68

Longtime QLogic Corp. Executive Chairman HK Desai died suddenly Sunday night of cardiac arrest, the Aliso Viejo-based networking gear maker announced Monday.

Broadcom Leaves Baseband Chips Behind

Irvine-based Broadcom Corp. is exiting the baseband chip business, a segment dominated by San Diego rival Qualcomm Corp.

D-Link Expects Bump From Facebook Hook Up

Wireless Router Provides Small-Business Hot Spots

Fountain Valley-based D-Link Systems Inc. has partnered with Facebook Inc. to roll out a wireless router geared toward small-business owners.

Upping Its Game

Little Orbit Seeks to Double Revenue

Santa Ana video game publisher Little Orbit LLC aims to double business this year with an aggressive rollout plan that kicks off this week with the release of an adventure game based on a DreamWorks blockbuster.

Emulex Board Revamped for Future

New Faces Give It Tools to Maximize Emerging Lines

The board at Emulex Corp. has undergone a significant turnover in the past year, replacing nearly half of its 11 seats with new directors who bring executive leadership, operations experience, and deep industry connections to the conference table.

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Broadcom to Exit Baseband Business

Broadcom Corp. shares surged in early trading Monday after the Irvine-based company announced it was exiting the baseband chip business, a segment dominated by San Diego rival Qualcomm Corp.

Manufacturer Moves HQ to Fremont

Identiv Inc. moved its corporate headquarters from Santa Ana to Fremont as part of a series of corporate initiatives to improve its financial standing that also included a reverse stock split.

3-D Printer Startup Picks Industry Vet As CEO

TECHNOLOGY: Taps ex-Toshiba America executive

Airwolf 3D, the Costa Mesa startup that’s shaken up the nascent 3-D printing industry, has hired its first executive as the manufacturer aims to scale the business and attract venture capital funding.

Netwin’s Software Geared to ‘Conflict Minerals’ Rule

Takes Effect Under Terms of Dodd-Frank

Irvine-based Netwin Solutions Inc. has introduced a software program to help publicly traded companies comply with new regulatory requirements regarding the origin of certain minerals in products.

UST Global Makes Another Purchase

Aliso Viejo-based information technology provider UST Global Inc. acquired its second company in May.

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UST Makes Another Buy

Aliso Viejo-based information technology provider UST Global Inc. has acquired its second company this month.

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Santa Ana Tech Company Moves HQ to Fremont

Identiv Inc. has moved its corporate headquarters from Santa Ana to Fremont as part of a series of corporate initiatives to improve its financial standing that also included a reverse stock split on Tuesday.

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Santa Ana Tech Company Moves HQ to Fremont

Identiv Inc. has moved its corporate headquarters from Santa Ana to Fremont as part of a series of corporate initiatives to improve its financial standing that also included a reverse stock split on Tuesday.

UST Global Buys Wisconsin Company

Aliso Viejo-based information technology provider UST Global Inc. acquired an engineering firm in Wisconsin.

Aliso Viejo-based information technology provider UST Global Inc. acquired an engineering firm in Wisconsin.

Blizzard Scores With New Kind of Game

Already 10M Users of Blizzard’s Hearthstone

Blizzard Entertainment Inc.’s free-to-play collectible card game has amassed more than 10 million users since its March release, setting the foundation for a potential new franchise and an emerging business model at one of the gaming industry’s most successful and influential companies.

Boeing Wins $32.5 Million Radio-Support Contract

System Used by Air Force in Search and Rescues

Boeing Co. has landed a four-year, $32.5 million contract from the U.S. Air Force for logistics support related to a specialized communications system made at its sprawling Huntington Beach operation.

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UST Global Buys in Midwest

Aliso Viejo-based information technology provider UST Global Inc. has acquired an engineering firm in Wisconsin.

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UST Global Buys in Midwest

Aliso Viejo-based information technology provider UST Global Inc. has acquired an engineering firm in Wisconsin.

Can Broadcom Do Baseband?

Answer Expected in 2nd Half of Year

The stage is set for Broadcom Corp. to show whether it has the stuff to become the clear-cut No. 2 supplier of baseband chips to longtime rival Qualcomm Corp.

Ex-sTec Exec Faces Trial on Insider Trading Charges

SEC Says He Didn’t Share ‘Critical’ Information

Former sTec Inc. Chief Executive and Chairman Manouch Moshayedi is set to go to trial this week as he faces insider trading charges levied by the Securities and Exchange Commission.

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NB Firm to Provide Wireless Infrastructure for 9/11 Memorial

Newport Beach-based Mobilitie LLC will install one of the nation’s largest underground distributed antenna systems at the National September 11 Memorial Museum in New York City.

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Pacific Club, Lott Team Up on New Programs

The Pacific Club Impact Foundation in Newport Beach announced two new initiatives geared for elementary and high school students, outlining the programs during a luncheon for National Football League Hall of Famer and onetime USC star Ronnie Lott’s annual award program.

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Pacific Club, Lott Team Up on New Programs

The Pacific Club Impact Foundation in Newport Beach announced two new initiatives geared for elementary and high school students, outlining the programs during a luncheon for National Football League Hall of Famer and onetime USC star Ronnie Lott’s annual award program.

HB Home to Key Project for Boeing’s Other Business Line

TECHNOLOGY: Aerospace giant chases potential of deep-sea vehicles

A six-man team at Boeing Co.’s sprawling Huntington Beach operation is working on a little-known unmanned, underwater vehicle program that could reshape deep-sea search and exploration.