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.
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.
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.
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: 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.
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.
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.
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.
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.
‘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.
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.
’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.
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.
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.
TECHNOLOGY: Firm showed phone-breaking tool to top cops
A low-profile company that’s involved in some of the nation’s top forensic investigations is testing a robotic arm to unlock the most common mobile phones used in crimes.
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.
Deal to Buy Cloud App Distributor to Add Revenue
Ingram Micro Inc.’s pending owner is making good on its word to invest in the Irvine-based company after its $6 billion sale.
To Trim 4K Jobs Across Co. to Vie With Airbus
More job cuts could be looming at Boeing Co.’s Seal Beach, Huntington Beach and Long Beach operations as the aerospace giant looks to trim thousands of positions across the country to improve its position against Airbus, a rival on commercial aircraft.
Rancho Santa Margarita data analytics software maker Compellon has raised $6.7 million in a Series A funding round.
Irvine-based Blizzard Entertainment Inc.’s annual fanfest is November 4 and 5 at the Anaheim Convention Center.
Company Might Move To New Digs in Irvine
Laguna Beach-based virtual reality content maker NextVR Inc. is scouting areas in Orange County to expand operations and accommodate its growing employment base.
University of California-Irvine will launch an e-sports program this fall with a new arena equipped with high-end gaming PCs, a staging area for League of Legends competitions, and a live webcasting studio at the Student Center.
A recently extended supply agreement with Apple Inc. indicates the new guard at Broadcom Ltd. will handle operations differently than the company it was named after.
Orange County’s lone daily fantasy sports operator doesn’t plan to follow the segment’s leaders in immediately closing contests involving college sports.
University of California-Irvine will launch an e-sports program this fall with a new arena equipped with high-end gaming PCs, a staging area for League of Legends competitions and a live webcasting studio at the Student Center.
Aliso Viejo-based Microsemi Corp. agreed to sell its embedded security, RF, microwave and custom microelectronics businesses for $300 million to Mercury Systems Inc., shedding about 275 employees in Camarillo; San Jose; Phoenix, Ariz.; and West Lafayette, Ind.
International Restructure, Integration on Horizon
Western Digital Corp. plans to restructure its international operation “shortly after” closing its highly leveraged $17 billion acquisition of SanDisk Corp. in Milpitas.
TECHNOLOGY: Fox deal, headset rollouts may spur adoption
NextVR Inc. is developing the TV Guide of virtual reality content as the sizzling nascent segment draws more viewers with the launch of several headset systems.
Aliso Viejo-based Microsemi Corp. has agreed to sell its embedded security, RF, microwave and custom microelectronics businesses for $300 million to Mercury Systems Inc.