Orange County Business Journal

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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.

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.

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.

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.

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.

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.

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.

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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.

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.

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.

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.

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.

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.

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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.

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.

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.

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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.

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.

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.

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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.

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