Orange County Business Journal

New Octane Head Plans to Beef Up Startup Booster

Ex-BlackStone Exec Aims For Stronger Service, Image

New Octane Chief Executive Bill Carpou is crafting a strategy to build awareness of the Irvine-based nonprofit; improve the development of early-stage technology and biomedical companies that use its programs; and bring outside investment into OC.

D-Link Lands Wal-Mart Deal for Wi-Fi Cameras

TECHNOLOGY: Boosts its connected-home standing

Fountain Valley-based D-Link Systems Inc. has strengthened its position in the booming connected-home market in a deal with the world’s largest retailer, Wal-Mart Stores Inc.

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Blizzard Posts Big Subscription Drop

Irvine-based video game maker Blizzard Entertainment Inc. reported a big loss of online subscribers for its flagship World of Warcraft franchise that led to a steep drop in first-quarter revenue and operating profits.

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Ingram Micro Q1 Mixed

Santa Ana-based Ingram Micro Inc. after the close of trading today reported first-quarter revenue that just beat Wall Street expectations, and adjusted profits that narrowly missed estimates.

Yogurtland’s Chang Aids Startup’s Russian Phone Deal

TECHNOLOGY: Dual-faced ‘Yota’ gets Psyx audio tech

An Irvine-based startup backed by Yogurtland founder Phillip Chang has signed its first licensing deal to imbed audio compression technology in a pricey smartphone with dual displays.

Insteon Keyed In on Opportunity Tied to Apple Watch

Irvine Tech Firm’s App Allows Home Controls

Engineers at Irvine-based Insteon, a home-automation technology provider, worked with Apple Inc. counterparts for months in preparation for the much-hyped April 24 release of the Apple Watch.

Paragon Wins Entree to China Smartphone Market

TECHNOLOGY: Software maker in deal with ZTE

Irvine-based Paragon Software Group Inc. has notched a key design win to supply networking technology to China’s second largest telecommunications equipment maker.

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Western Digital Just Misses Forecasts

Irvine-based storage products maker Western Digital Corp. after the close of intraday trading Tuesday reported March revenue and adjusted profits that narrowly missed Wall Street expectations.

Vizio Unveils New Smart TVs in Trendy Chelsea

Lineup Follows Skip Of CES in Las Vegas

Vizio Inc.’s new product launch strategy was on full display at a recent showcase in New York City, where the Irvine-based company introduced a lineup of smart TVs and audio accessories in the trendy Chelsea neighborhood.

Software Makers Grow Employment 4th Year Straight

Biggest Here Eke Out Modest Gain, Employ 7,991

The largest software makers in Orange County added jobs for the fourth straight year, albeit at a slower clip.

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SJC Startup Lands GE Investment

San Juan Capistrano-based software maker PingThings Inc. has received a venture capital investment from GE Ventures, the venture capital arm of General Electric, and Frost Data Capital.

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Broadcom Beats Forecasts on Q1

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

Ups, Downs Even Out as Aerospace Holds Steady on Jobs

THE LIST: IFE sector offsets cuts at top-ranked Boeing

Employment at Orange County’s largest aerospace and defense contractors was roughly flat for the third straight year.

Laser Maker Uses Time to Advantage With Board Revamp

Newport Corp. Takes Age Limits as Cue for Makeover

Newport Corp. went to great lengths in the past few years to revamp its board with big names in the science and corporate worlds.

Startup Raises $23M for Investment App

Newport Beach startup Acorns Grow Inc. raised $23 million in a Series C round to fuel the growth of its smartphone app, which aims to bring microinvesting to the masses.

Circuit Board Maker Aims to Buck Sunset Trend

Hopes New Technology Will Cut Costs, Spur Sales

Murrietta Circuits, one of Orange County’s oldest technology companies, believes a new licensed technology will dramatically improve its process for manufacturing circuit boards, positioning the 35-year-old family-run business for growth in a declining U.S. industry.

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M-Flex CFO Resigns

Multi-Fineline Electronix Inc. Chief Financial Officer Tom Liguori has resigned to pursue other opportunities, the Irvine-based printed circuit board maker announced after the close of intraday trading.

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NB Startup Raises $23M

Newport Beach startup Acorns Grow Inc. has raised $23 million to fuel the growth of its smartphone app that aims to bring microinvesting to the masses.

Sun’s AVP Inks Deal With NBC

SPORTS: Broadcast, cable streaming part of picture

Donald Sun has inked a new broadcasting deal with NBC Sports Group, ensuring his Costa Mesa-based Association of Volleyball Professionals with a significant chunk of revenue and exposure before players hit the sand next month for the 2015 tour opener in New Orleans.

Apple Nears Samsung at Top of Broadcom’s List

Brisk iPhone, Phablet Sales Account for $1.4B

Record sales of the iPhone 6 and 6 Plus helped push Apple Inc. last year to the cusp of overtaking Samsung Electronics Co. as Broadcom Corp.’s largest customer.

Signs of Fresh Start for Fisker

AUTOS: Company circles April 20 amid buzz about new name, model

It appears April 20 will mark another milestone in the tumultuous run of the Fisker brand.

Irvine Firm Buys 35 Pilates Studios

Irvine-based LAG Fit Inc. acquired Club Pilates, a franchised chain of 35 Pilates studios in the U.S. and Australia.

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Irvine Firm Buys 35 Pilates Studios

Irvine-based LAG Fit Inc. has acquired a franchised chain of 35 pilates studios in the U.S. and Australia from a competitor in Del Mar.

Broadcom’s Small Lineup

Looks for Young Comers in ‘Internet of Things’ to Complement Roster of Global Brands

Broadcom Corp. is out to complement its position as the leading supplier of connectivity chips to the world’s largest consumer electronics brands with a customer base made up of hot startups and emerging companies in the Internet of Things market.

Printronix Replaces Retiring Chief

Industry veteran Werner Heid was named chief executive of Irvine-based Printronix Inc.

Western Digital Helium Drives Break Newer Ground

TECHNOLOGY: Opens new big-data troves, more capacity

Western Digital Corp.’s breakthrough helium-based drives are getting strong demand from the world’s largest data center customers, ensuring the Irvine-based company a steady pipeline of business in coming years in the lucrative segment of high-capacity storage products.

Kofax CEO to Help Craft Integration Plan Before Exit

Bish: Will Stay About A Year ‘Out of Respect’

Expect business software maker Kofax Ltd. to maintain its big Irvine presence after its $1 billion sale to Lexmark International Inc. closes, but the clock appears to be ticking on the tenure of its chief executive.

Brief Stint on Nasdaq Helps Kofax Fetch Premium

TECHNOLOGY: $1B sale comes to 50% premium

Kofax Ltd.’s short stint as a U.S. public company ended with a bang.

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Irvine Printer Maker Names CEO

Industry veteran Werner Heid has been named chief executive of Irvine-based Printronix Inc.

Unbridled Ambition

Aliso Viejo-Based Telogis Measures Progress on Global Scale

A couple of key pivots initiated by Telogis Inc.’s cofounders in the early days of the company positioned the software maker for a big growth spurt years down the road.

Local Backers Tee Up for Concert Golf’s 2nd Fund

SPORTS: Family offices back for more on value-add strategy

Concert Golf Partners in Newport Beach is on the verge of closing a $90 million fund in order to add to its portfolio of country club golf courses.

App Developer Aims to Serve Civic-Minded Customers

No Ego Offering ‘Smart Forms’ for Permits, More

Opportunities for civic and community involvement in Southern California are getting a boost from a new app developed by Huntington Beach startup Nead Inc.

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Kofax Sells for $1B

Shares of Kofax Ltd. soared in midday trading today to a market value of about $960 million after the Irvine-based software maker said yesterday it would be sold for $1 billion to Lexmark International Inc. in Lexington, Ky.

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Kofax Sells for $1B

Shares of Kofax Ltd. soared in afterhours trading today after the Irvine-based software maker announced it would be sold for $1 billion to Lexmark International Inc. in Lexington, Ky.

Microsemi’s $389M Buy Includes Ticket to Internet of Things

TECHNOLOGY: Picks up new technology to offer chip customers

Microsemi Corp.’s latest acquisition highlights how far the company has come in a diversification effort that has taken the Aliso Viejo-based chipmaker from an aerospace and defense specialist to innovator in several fields, with a new toehold on the industrial side of the budding Internet of Things market.

Clean Energy Gains as Infrastructure Plan Slows

ENERGY: Q4 profit follows focus on fleets, less building

Clean Energy Fuels Corp. may have finally found a clearer path to profitability as it reins in construction costs for a nationwide plan it forged four years ago to dot major highways with natural-gas fueling stations.

Panasonic Avionics to Add Specialist

Lake Forest-based Panasonic Avionics Corp. is set to acquire a satellite communication services provider with headquarters in Australia, operations around the globe, and a specialty of working in extreme conditions.

Olloclip, Peri Get Exclusive With Amazon Exclusives

Cut Select Products With Big-Box Retailers

Irvine startup Peri Inc. and Huntington Beach-based olloclip were handpicked to distribute a limited number of products on Amazon.com Inc.’s newly launched marketplace, but the designation carries some interesting stipulations: namely, cutting ties for those products with Wal-Mart, Costco, Target and other big-box retailers.

Google Grows App Hub in Irvine

TECHNOLOGY: Engineers, developers push use of analytics

Google Inc.’s new 140,000-square-foot office on Jamboree Road in Irvine has become a key hub for the search giant’s push to link analytics and app development to drum up monetization opportunities for its bevy of advertisers.

QLogic Gains Ground in Growing Ethernet Market

Establishes 13% Market Share in Equipment Sales

Aliso Viejo-based networking equipment maker QLogic Corp. has made big strides in carving out a niche in the burgeoning 10-gigabit Ethernet connection market, a competitive segment that’s drawn big industry players into the ring as storage needs and speedy data transfer become increasingly important to consumers and businesses.

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Wet Seal Sold

Versa Capital Management LLC in Philadelphia has acquired the remnants of Foothill Ranch-based retail chain Wet Seal Inc., according to a report in the Wall Street Journal.

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New CEO to Octane

Finance and sales veteran Bill Carpou has been named chief executive of Irvine-based nonprofit Octane, which links startups and emerging companies with resources and investors.

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BlizzCon Dates Set

Blizzard Entertainment Inc.’s annual fanfest BlizzCon will be held Nov. 6 and Nov. 7 at the Anaheim Convention Center.

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Peri, Olloclip Part of Amazon Launch

At least two Orange County consumer electronics makers will get prime positioning on Amazon.com Inc.’s new marketplace launched today.

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SJC Startup in $1M Seed Round

San Juan Capistrano startup GlobeChat has raised nearly $1 million in a seed round as it gets closer to bringing its video and text messaging service to the market.

Emulex Corp. Sale Furthers Consolidation Trend

Third Local Industry Deal in Last Year

The $660 million sale of networking gear maker Emulex Corp. in Costa Mesa to Singapore-based Avago Technologies Ltd. highlights an ongoing consolidation in the global chip industry.

Broadcom Sales Vet CEO at Numecent

TECHNOLOGY: Cloud service provider seeks global expansion

The new chief executive of Irvine-based cloud service provider Numecent comes with top-level sales experience at Broadcom Corp.

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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