Orange County Business Journal

Virtual Reality Check

OC Emerges as Hub

One minute you’re on stage with Coldplay.

OC Exec a Key to NBA’s Ambitions for India

SPORTS: Apparel entrepreneur now partner in Sacramento franchise

Raj Bhathal is a key player in the NBA’s bid to extend its brand to his native India.

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WD to Pay $758M to Rival

Irvine-based storage products maker Western Digital Corp. will has been ordered to pay its chief rival $758 million related to a bevy of trade secrets claims.

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Irvine Big Data Firm Raises $60M

Irvine-based Alteryx Inc., a fast-growing data analytics software company, has raised $60 million in a venture round.

Broadcom Connectivity Chip in New Apple iPhones

Could Come to $850M in Annual Revenue

Consider Irvine-based chipmaker Broadcom Corp. a winner when it comes to Apple Inc.’s latest smartphone models.

Broadcom Chip In Apple Watch?

It appears Irvine-based Broadcom Corp. is primed to supply a key component for the long-awaited Apple Watch.

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Costa Mesa Chipmaker Seeks BK

Costa Mesa-based chipmaker ISC8 Inc. has filed for Chapter 11 bankruptcy protection.

Report: OC High-Tech Sector Strong, Room to Grow

63,000 Jobs in ‘Sleeper’ Market; No. 13 in US

Orange County’s employment base of about 63,000 high-tech jobs ranked No. 13 in a 34-market report released by Chicago-based JLL.

$1 Million to Video Game Maker

MEK Entertainment Inc., an independent video game maker in Aliso Viejo established by a former Blizzard Entertainment Inc. programmer, secured $1 million in a seed round.

$10M Raised for Water Purity Projects

Irvine-based WaterHealth International Inc. raised $10 million in venture funding from a private equity firm in New York that targets infrastructure projects in developing nations.

Costa Mesa Circuit Board Maker Could Top Field

TECHNOLOGY: Deal for rival would lift TTM near top of global ranks

Thomas Edman’s first deal at the helm of Costa Mesa-based TTM Technologies Inc. could create the world’s largest printed circuit board maker.

Sun Sees Rebound on Horizon for Pro Volleyball Circuit

SPORTS: Renews several key sponsors, seeks new TV deal

Donald Sun is facing another big challenge as his second year of running a revived professional beach volleyball tour comes to an end.

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Water Treatment Specialist Raises $10M

Irvine-based WaterHealth International Inc. has raised $10 million in venture funding from a private equity firm in New York that targets infrastructure projects in developing nations.

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Aliso Video Game Maker Raises $1M

MEK Entertainment Inc., an independent video game maker in Aliso Viejo established by a former Blizzard Entertainment Inc. programmer, has secured $1 million in a seed round.

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TTM Buys Rival

Costa Mesa-based printed circuit board maker TTM Technologies Inc. today announced it will acquire Viasystems Group Inc. in a $927 million deal.

‘Internet of Things’ Powers Greenwave Hiring Surge

Software, Sensors Allow Devices to Communicate

The burgeoning Internet of Things market has prompted a strong hiring push at Irvine-based smart technology provider Greenwave Systems.

Asia Software Deal Opens Lens on Ubiquity Strategy

TECHNOLOGY: First big development for company

A recent software distribution deal struck by an Irvine-based company with barely any sales provides some insight on its $560 million market value.

IT Firm’s New CEO Sets Sights on $1B in Revenue

TECHNOLOGY: Rides big data, cloud surge for growth

The boom in big data and cloud computing has paved a growth path for Trace3 under new Chief Executive Tyler Beecher, who’s put his own stamp on the company since taking the helm last month.

Boeing Shifts on Sales of Seal Beach Buildings

MANUFACTURING: Once pegged for cost cuts, now home of new hires

Boeing Co.’s new Seal Beach support center for commercial airline customers reflects a significant change in plans for the Chicago-based aerospace giant’s sprawling real estate holdings along Orange County’s coastline.

Software Maker, New Cash in Hand, Looks to Hire

SecureAuth Gets $10M In New Venture Round

Irvine-based security software maker SecureAuth Corp. is on a hiring spree after securing another $10 million in venture funding.

Microsemi to Buy Santa Rosa Chipmaker

Aliso Viejo-based Microsemi Corp. announced an agreement to purchase Santa Rosa chipmaker Centellax Inc., which makes high-speed and RF chips and related components for the optical communications and Ethernet data markets.

Startup Gets $5M, Partners on VR Headset

A Laguna Beach startup that specializes in virtual reality content has raised $5 million from private investors and entered a partnership with Oculus VR Inc. and Samsung in one of the latest developments to hit technology’s hottest emerging consumer segment.

Los Alamitos Fast Out of Post-Hollywood Park Gate

SPORTS: Track’s revamp pays off in changed field

Chalk up another win for Los Alamitos Race Course in its efforts to become a permanent home for a bigger take of Southern California’s nomadic thoroughbred circuit since the December closure of 75-year-old Betfair Hollywood Park.

Ford Exec’s VC Firm Invests in Telogis

Aliso Viejo-based software maker Telogis Inc. secured a strategic investment from a Detroit venture capitalist firm co-founded by William Clay Ford Jr., the executive chairman of Ford Motor Co. and the son of the owner of the Detroit Lions.

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Telogis Gets Funding From VC Firm of Ford Motor Chairman

Aliso Viejo-based software maker Telogis Inc. has secured a strategic investment from a Detroit venture capitalist firm co-founded by William Clay Ford Jr., the executive chairman of Ford Motor Co. and the son of the owner of the Detroit Lions.

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Startup Raises $5M, Enters VR Deal

A Laguna Beach startup that specializes in virtual reality content has raised $5 million from private investors and entered a partnership with Oculus VR Inc. and Samsung in one of the latest developments to hit technology’s hottest emerging consumer segment.

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Microsemi Makes Small Buy

Aliso Viejo-based Microsemi Corp. announced an agreement today to purchase a Santa Rosa chipmaker and also revealed plans to repurchase up to $100 million of its common stock.

Contract Electronics Makers’ Job Count Flat Again

Biggest Here Combine For Workforce of 2,728

Local employment growth has evaded Orange County’s largest contract electronics makers for another year, despite a boost in global sales for the industry.

Regulator Charges AirTouch, Ex-Execs in Fraud Case

Alleges They Reported Fake Earnings for Device

The Securities and Exchange Commission has charged Newport Beach-based equipment maker AirTouch Communications Inc. and its former chief executive and chief financial officer with misstating revenue and defrauding an investor.

Long-Anticipated ‘Wasteland’ Game Sequel on Way

Producer Waited 10+ Years To Get Money for Follow-Up

It’s taken Brian Fargo more than a decade to get the band back together for a follow-up release to the smash hit “Wasteland.”

OC’s Gaming Roots Run From Early Versions to VR

Older Firms Programmed Play for Today’s Innovators

Orange County’s influence in the video game industry traces back decades, from trailblazing studios in the early 1980s to today’s innovators of virtual reality.

ViewSonic Shows Off HQ as It Makes OC Its Home

Brea Building Showcases Tech Firm’s Offerings

ViewSonic Corp.’s new 25,000-square-foot headquarters in Brea was designed to showcase the company’s new line of touch-screen projectors and virtual desktops that are drawing strong demand in the classroom and at businesses.

AllDigital Holdings CEO Dies Suddenly

Paul Summers, the chairman and chief executive of Irvine-based AllDigital Holdings Inc., has died unexpectedly.

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UCI Computer Science Prof to FCC

University of California Irvine computer science professor Scott Jordan has been named the chief technology officer of the Federal Communications Commission.

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Western Digital Taps New CFO

Irvine-based memory products maker Western Digital Corp. has named Amgen Inc. executive Olivier Leonetti its next chief financial officer.

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Patent Office Weighs in for Netlist

Shares of Netlist Inc. jumped Monday after the Irvine-based computer memory products maker announced it had prevailed in a long-running patent feud with a competitor in Santa Clara.

New Social Networking Site Aims to Pay It Forward

Allocates $1M to Award Money, Resources to Users

A software entrepreneur in Irvine has launched a social networking site to make users’ dreams become reality through crowdsourcing.

Blizzard Plays Cards Right With Hearthstone

TECHNOLOGY: Free game on pace to bring in $100M in 1st year

Blizzard Entertainment Inc.’s first foray into free-to-play video games is turning into a big moneymaker.

Telecoms Drop Employment After 2 Years of Gains

630 Jobs Lost As Verizon, Time Warner Cut Costs

Two cost-cutting moves fueled a significant drop in local employment among Orange County’s largest telecommunications companies in the past year.

Trace3 Names New Chief Executive

Irvine-based IT consultancy and service provider Trace3 promoted Tyler Beecher to chief executive.

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New CEO for Trace3

Irvine-based IT consultancy and service provider Trace3 has promoted Tyler Beecher to chief executive.

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808 Begins Trading Wednesday

Garden Grove-based power plant owner and operator 808 Renewable Energy Corp. will begin trading Wednesday on the Over-The-Counter Bulletin Board.

OC Notches Another Billion-Dollar Company

TECHNOLOGY: ViewSonic moves 90 workers from LA

Orange County has reeled in a big fish in the technology industry with the addition of ViewSonic Corp. to its strong corporate base.

Green Grows OC Pot Sector

Businesses Sprout to Support Burgeoning Industry

The Green Rush has hit Orange County. Several local companies, from packaging makers to grow-kit specialists, are aiming to cash in on the recreational and medicinal marijuana market that’s booming across the country despite a hazy regulatory environment.

Laser Maker Puts Financial Woes Behind In Strong Q2

Microelectronics Part Of Gains Across All Lines

Newport Corp. is on pace for a record year as the Irvine-based laser maker puts last year’s troubles in the rearview mirror.

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Irvine chipmaker raises $19.7M

Irvine-based networking chipmaker ClariPhy Communications Inc. has raised $19.7 million in venture funding, according to San Francisco-based market tracker CrunchBase.

Smith Micro, Sprint Team to Boost Digital Art Training

Teachers Get Free Licenses for Students’ Designs

Sprint Corp. and Smith Micro Software Inc. have joined forces to groom the next generation of digital artists.

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Newport Corp. Sees Potential Amid Tumult in Israel

TECHNOLOGY: Bought fiber laser maker as conflict flared

The recent growth of Newport Corp.’s operations in Israel underscores the tenuous balance of investing in a global technology hub that’s under constant threat of warfare.

Software Maker Bought By Texas Firm

A company in Austin, Texas, acquired San Clemente-based Benesan Corp., which makes specialized software for in-home, nonmedical patient care.

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Emulex Shares Rise on Quarterly Report, Outlook

Shares of Emulex Corp. rose in after-hours trading after the Costa Mesa-based networking equipment maker reported June quarter revenue and adjusted profits that beat Wall Street expectations and provided financial targets in the current quarter that were above estimates.