Laguna Beach-based virtual reality content maker NextVR Inc. raised $20 million from CITIC Guoan Information Industry, a state-owned investment firm in China.
Western Digital Corp. today raised its guidance for the current quarter and initiated an executive change.
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.
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.
Irvine-based Ingram Micro Inc. is cutting more than 900 workers at a wireless device repair and distribution center in Fort Worth, Texas.
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.
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.
Irvine-based data management software maker Vision Solutions Inc. has been sold to private equity firm Clearlake Capital Group L.P. in Santa Monica.
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.
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.
Aliso Viejo-based networking products maker QLogic Corp. said it will be acquired for about $1 billion by Silicon Valley chipmaker Cavium Inc.
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.
Former Broadcom Corp. executive Robert Rango has been named chief executive of Irvine-based battery maker Enevate Corp.
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.
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.
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.
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.
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.
Irvine-based N2 Imaging Systems LLC has been awarded a five-year, $81 million Defense Department contract to develop and manufacture sniper scopes.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
‘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.
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.
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.
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.
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.
Laguna Beach-based virtual reality content maker NextVR Inc. struck a deal with one of the world’s largest event companies to bring “hundreds” of live concerts to fans across the world through virtual reality.
Sells Broadband Unit To Carlsbad Firm for $21M
Aliso Viejo-based chipmaker Microsemi Corp. has begun unloading unwanted business units acquired in its $2.5 billion buy of PMC-Sierra Inc. in January.
Newport Beach-based Clean Energy Fuels Corp. after the close of trading reported revenue and adjusted profits in the first quarter that blew away Wall Street expectations.
Aliso Viejo-based 360fly Inc. has raised $40 million in a Series C financing round to boost global sales and marketing efforts for its breakthrough 360-degree 4K camera to be released later this month.
Laguna Beach-based virtual reality content maker NextVR Inc. has struck a deal with one of the world’s largest event companies to bring “hundreds” of live concerts to fans across the globe through virtual reality.
’16 Forecast Lowered Due To Glitches, Other Factors
The bumpy rollout of virtual reality headsets has led to some lower sales projections this year as the emerging technology has failed to match the hype in the early going.
New Owner Didn’t See Value Of Growth Technology Sector
Broadcom Ltd.’s operation in Irvine is likely to shed more employees after the chipmaker sold its Internet of Things business last week for $550 million to Cypress Semiconductor Corp. in San Jose.
ECONOMY: New unit of SCE parent in search of permanent HQ
Orange County will play a prominent role as the home field of Edison Energy Group, recently established by one of the world’s largest electricity producers as a launch pad of sorts, with specializations in consulting, engineering and solar-energy installations.
Irvine-based storage products maker Western Digital Corp. reported revenue and adjusted profits in the March quarter that missed Wall Street expectations amid continued sagging PC sales.
Broadcom Ltd. has sold its Internet of Things business and related assets for $550 million to Cypress Semiconductor Corp. in San Jose
Baseball’s oldest rule book fetched a record $3.2 million this weekend as part of the 2016 Spring Premier auction run by Laguna Niguel-based SCP Auctions.
TECHNOLOGY: Minnesota-based brand’s USBs made in Santa Ana
Kingston Technology Inc., the world’s top seller of consumer USB drives, has moved to strengthen its position in the commercial market with its first technology buy.
Smart-Tech Provider To Hire 60 People This Year
The increasing adoption of connected-home devices and a $45 million venture funding round in January have prompted a hiring push at Irvine-based Greenwave Systems Inc.
TECHNOLOGY: $11M stock sale to Taiwanese firm promises Asia links
Orange-based startup grandPad Inc. has sold an equity stake to one of the largest PC makers in the world and signed a distribution deal with a nationwide provider of in-home senior healthcare potentially worth millions of dollars.