Orange County Business Journal

Western Digital Unit Buys Software Firm

A San Jose-based unit of Western Digital Corp. acquired a maker of storage software for public and private cloud data centers.

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WD Unit Acquires Storage Software Maker

A San Jose-based unit of Western Digital Corp. has acquired a maker of storage software for public and private cloud data centers.

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Software Maker Gets $5.5 Million

Irvine-based software maker YouMail Inc. has raised $5.5 million in a Series B funding round, the company announced this morning.

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Kofax Buys Dutch Software Maker

Irvine-based business software maker Kofax Ltd. has acquired a company in the Netherlands that specializes in the growing customer-management software segment.

Tech Firms’ Hard Drives Named in Espionage Report

Western Digital Mulls Info, Toshiba Denies Any Role

Two storage-product makers in Irvine are connected to one of the most advanced cyber-espionage programs to surface.

Singapore Firm to Buy Emulex for $606M

Costa Mesa-based networking equipment maker Emulex Corp. announced it would be acquired for $606 million by Avago Technologies Ltd.

Pacific Club Program Aims to Make Students Leaders

EDUCATION: New academy fosters character development

The newest initiative of the Pacific Club Impact Foundation in Newport Beach has helped 150 middle school students from various backgrounds cultivate their leadership skills under the mentorship of local business executives.

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DealerSocket Makes Another Buy

San Clemente-based DealerSocket Inc. has acquired a Rancho Santa Margarita company that specializes in software for car dealerships.

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Ingram Shares Fall on Outlook

Shares of Ingram Micro Inc. dipped after markets closed Thursday, and continued to decline in midday trading Friday, as the Santa Ana company provided revenue and profit targets in the current quarter below Wall Street expectations.

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Emulex Shares Jump on News of Sale

Shares of Emulex Corp. soared this morning in the first trading session since the Costa Mesa-based networking equipment maker announced it would be acquired for $606 million by Avago Technologies Ltd.

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Iteris CEO Resigns

Iteris Inc. Chief Executive Abbas Mohaddes has resigned from his management and board position to “pursue other opportunities,” the Santa Ana-based company said.

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NB IT Firm Buys Broadcast Specialist

Newport Beach IT services provider Bitcentral Inc. has acquired a Connecticut software maker that specializes in broadcast automation systems for the media industry.

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Fisker Narrows Name to 3 Options

Costa Mesa-based Fisker Automotive and Technologies Group LLC is mulling three options for a possible company name change, according to a source privy to the discussions.

Legal Job Ad Question: Is Vizio Mulling IPO?

Desired Skills Include SEC Filings, Pre-IPO Know-How

Is Irvine-based Vizio Inc. mulling an initial public offering?

Toba Capital Leads $15M Round in SF

Irvine-based Toba Capital, headed by former Quest Software Inc. Chief Executive Vinny Smith, recently led a $15 million venture capital round for Sauce Labs Inc., a fast-growing provider of cloud-based Web and mobile application testing services.

Vizio Vaulter

CFO Helped Electronics Maker Hit $3.5B in Sales in Tough Market

Kurt Binder knew the books on Vizio Inc. well before he joined the company as vice president and corporate controller in April 2010.

Microsemi Maintains Defense Strength in Rare Deal

Will Resell Rambus IP That Prevents Data Theft

Microsemi Corp.’s latest partnership with Sunnyvale-based Rambus Inc. provides a deeper look into how the company has maintained a strong position in the military and defense markets.

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Laser Maker Hits Record Revenue

Irvine-based Newport Corp. after the close of intraday trading reported fourth quarter earnings that beat Wall Street expectations and provided a revenue and profit outlook for the current quarter.

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Kofax to Halt London Trading

Irvine-based business software maker Kofax Ltd. will delist its shares on the London Stock Exchange next month, the company announced today.

Kofax Poised to Sever UK Listing, Go Nasdaq-Only

Ready to Exit London Exchange for Nasdaq

The directors of Irvine-based business software maker Kofax Ltd. are scheduled to vote this week on a proposal to delist its shares from the London Stock Exchange.

Startup Has Broadcom, NFL Vets in Lineup

TECHNOLOGY: Plans to debut audio product in Q2

A startup led by a former engineering head at Broadcom Corp. and a private equity veteran and has attracted an eclectic mix of early investors as it vies for a spot in the crowded accessories market with a high-end smartphone case that also functions as a speaker and charger.

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Newport Corp. to Acquire Austrian Company

Irvine-based Newport Corp., which makes lasers and related equipment, is set to acquire a small Austrian company that specializes in ultra-fast laser systems used in scientific and biomedical research.

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Broadcom Responds to Call for Gender, Ethnic Data on Employment

Irvine-based chipmaker Broadcom Corp. released some race and gender data on its workforce for the first time in response to ongoing requests from civil rights and labor activists.

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Blizzard Posts Strong Q4 on WoW Expansion Release

Irvine-based video game maker Blizzard Entertainment Inc. reported a strong fourth quarter after the close of intraday trading Thursday, with revenue and operating profits rising.

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TTM Beats on Q4, Gives Outlook

Costa Mesa-based printed circuit board maker TTM Technologies Inc. after the close of intraday trading Wednesday reported fourth quarter revenue and adjusted profits that beat Wall Street expectations.

UST Emerges

Aliso Viejo-Based IT Services Provider Nears $1B Mark With Fortune 500 Clients, Offshore Hubs

UST Global Inc. is on a fast track to becoming Orange County’s next $1 billion company with its aggressive expansion plan in emerging markets around the globe.

Irvine Startup Seeks Spot in Travelers’ Smartphones

App Gives Details On Locales Via Photo

An Irvine startup launched by two siblings who are University of California-Irvine graduates has launched an iOS app that culls information within seconds on locations, attractions and landmarks with the snap of a photo.

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OC Networking Rivals Report Results

Orange County’s two publicly traded rivals in the networking equipment market posted solid quarterly reports Thursday after the close of trading, but one of the company's projections for the current quarter caused shares of its stock to fall Friday morning.

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Broadcom Beats Q4 Estimates, Sales Forecast in Line

Irvine-based chipmaker Broadcom Corp. after the close of trading today reported fourth quarter revenue and adjusted profits that beat Wall Street expectations and provided a revenue outlook for the current quarter in line with expectations.

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Western Digital Beats Expectations

Irvine-based storage products maker Western Digital Corp. after the close of trading Tuesday reported revenue and adjusted profits for the December quarter that beat Wall Street expectations.

Irvine Startup Adds Deal With Disney’s ABC Network

Verys Now Has About 50 Workers in OC, Dallas

Startup Verys is on a hot streak, landing a deal with Disney ABC Television Network to build its internal marketing management system.

Can Lu Lift Fisker?

AUTOS: Chinese billionaire vows to restart stalled luxury hybrid brand

About 140 employees at Fisker Automotive and Technologies Group LLC are packed in a conference room to meet the man behind the automaker’s comeback bid.

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Microsemi Earnings In-line Q1, Tempers Q2 Outlook

Aliso Viejo-based chipmaker Microsemi Corp. reported revenue and adjusted profits for the December quarter in line with Wall Street with estimates but provided a sales outlook for the current quarter below Wall Street expectations.

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Acacia Shares Drop on Patent Ruling

Shares of Acacia Research Corp. dipped sharply after the company received an unfavorable ruling on patent infringement claims it made against some large technology companies.

2015 Preview: TECHNOLOGY

2015 holds the potential for some game changers in Orange County’s diverse technological landscape.

Oculus Moves HQ to Silicon Valley

TECHNOLOGY: Sets up shop next to Facebook’s new campus

One of Orange County’s most promising technology companies has moved to Silicon Valley.

Wahoo’s Lam Hits CES to Help Tout Startup Eco App

TECHNOLOGY: Works show floor for Aliso Viejo company

Wahoo’s Fish Taco cofounder Wing Lam helped Aliso Viejo-based startup My Open Road Corp. grab some industry attention at the recent International CES convention in Las Vegas.

TVs Scarce at CES as Other Products Take Spotlight

No Toshiba Tube Launch, Vizio Doesn’t Even Show

Two notable trends at this year’s International CES convention in Las Vegas may provide a glimpse into the quickly changing habits and demands of consumers.

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Convention Bureau Gives Details on Expansion Plan

The Anaheim/Orange County Visitor & Convention Bureau on Wednesday detailed its $240 million expansion plan for the Anaheim Convention campus, which includes the Hilton Anaheim, Anaheim Marriott and Sheraton Park Hotel.

Local Tech Covers Spread in Vegas

Games, Drones & Automobiles

The diversity of Orange County’s technology sector was on full display in Las Vegas for the International CES convention last week, as chipmakers, smart-products manufacturers, component suppliers, and the biggest auto brand based here launched products and teased others in development.

HB Startup Olloclip to Pursue $7.5M From Investors

Aims to Increase Brand Awareness, Sales Efforts

Huntington Beach startup olloclip has hired Irvine-based Moss Adams LLP to help the company attract institutional investors.

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Broadcom Notes Design Wins at CES

Broadcom Corp. announced two design wins this week at International CES in Las Vegas and also showcased several chipsets geared for the automotive, cable and home networking markets.

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Insteon Partners With Nest

Irvine-based home-automation technology provider Insteon has gained Nest certification and launched a program for developers to build software applications for its products, the company announced Tuesday in Las Vegas at the world’s largest technology convention.

Telogis Leads OC’s Rookie Lineup at CES

TECHNOLOGY: Hitches ride with GM for debut at tech’s big show

More than 100 Orange County companies will be in Las Vegas this week for the world’s largest technology convention.

2015 Will Bring Tech Trends Benefiting Local Firms

Predictions Include a 3-D Printing Revolution

'Tis the season for predictions.

Technology: Palmer Luckey

Virtual Reality Gets Real

Catching up with Palmer Luckey is a lot more difficult these days.

Ariz. Tech Broker Has High Hopes for Entry Into OC

PlanetOne Estimates Sales Could Double With Move

A fast-growing Arizona provider of telecom and IT brokerage services is betting its recent expansion into Irvine could double business in the next 18 months.

Will Vizio’s Garden Grow Smart Sprinkler Startup?

Irvine-Based Brand Kicks In Seed Money, Office Space, Taiwan Connection

A startup launched by two of Skype’s earliest employees with the backing of Vizio Inc. hopes to make its mark in the “Internet of Things” market with the debut of a smart lawn sprinkler at next month’s International Consumer Electronics Show in Las Vegas.

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Brand Affinity in BK, Seeks Bidder

Brand Affinity Technologies Inc. has hired Irvine-based GlassRatner Advisory & Capital Group LLC to find potential bidders to acquire the cash-depleted advertising and social media company, according to a filing in bankruptcy court.

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WD’s Former Hitachi Unit in Buy

A San Jose-based unit of Western Digital Corp. has acquired a maker of solid-state storage systems used in scaling cloud and enterprise data centers.

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