Orange County Business Journal

EON Puts $20 Million Into VR Center in Mexico

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.

$100M Raise Points to Cybersecurity Niche

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.

Brunt of Western Digital Cuts Come in Silicon Valley

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.

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Cylance Raises $100M

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.

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Sniper Scope Maker in $81M Contract

Irvine-based N2 Imaging Systems LLC has been awarded a five-year, $81 million Defense Department contract to develop and manufacture sniper scopes.

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Blizzard-Facebook Tie-In

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.

Oculus Buttons Up Last Operations at Original HQ in Irvine

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.

Toshiba Chief Nominee Had Six-Year Tenure in OC

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.

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New CEO for GPS Software Maker

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.

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Broadcom Shares Up on Outlook

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.

Third Biggest Chipmaker in OC Now Led from Irvine

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.

Vizio Settles Lawsuit With Incentive to Watch More TV

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.

OC’s Fight Guy

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.

Toshiba Electronics Unit Abandons Segment That Helped Get It Off Ground

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.

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More Job Cuts at WD

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.

UCI Hopes Campus Collaboration Leads To Cybersecurity Institute

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.

Clean Energy Founder Savors Idea of First Profits

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.

CalAmp Move from Oxnard Adds to Tech Sector Here

‘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.

Consumer Electronics Hub Sees Cuts at Top On Larger Concerns

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.

Software Maker Jobs Up Slightly as Newer Firms Join

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.

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Skyworks Names Local Exec CEO

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.

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Broadcom Sells Another Unit

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.

NextVR Lands Live Concerts Deal

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.

Microsemi Makes First of Anticipated Unit Divestitures

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.

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Clean Energy Q1 Beats Wall Street

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.

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$40M for AV-Based VR Camera Maker

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.

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NextVR Adds Deal with Live Nation

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.

Broadcom Presence May Shrink More With IoT Sale

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.

Virtual Reality Gets a Slow Start Despite Buildup

’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.

Edison Plugs Into OC Startup Scene

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.

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WD Misses Wall Street Targets

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.

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Broadcom Sells IoT Lines

Broadcom Ltd. has sold its Internet of Things business and related assets for $550 million to Cypress Semiconductor Corp. in San Jose

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Auction of Baseball Rules Sets Record

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.

Internet of Things Drives Greenwave Systems Growth

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.

Tablets Maker Taps Growing Senior Market

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.

Long Arm of the Law Extends its Reach Robotically

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.

Kingston Buys Into Encryption IP

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.

New Ingram Owner Makes Good With Acquisitions

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.

Boeing May Cut More in OC to Boost Competitiveness

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.

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RSM Data Firm Raises $6.7M

Rancho Santa Margarita data analytics software maker Compellon has raised $6.7 million in a Series A funding round.

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BlizzCon Dates Set

Irvine-based Blizzard Entertainment Inc.’s annual fanfest is November 4 and 5 at the Anaheim Convention Center.

NextVR Plans to Double Work Force as Sector Heats Up

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.

UCI to Start E-sports Program in Fall

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.

Broadcom Switches Gears Under New Owner

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.

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FantasyAces Delays College Exit

Orange County’s lone daily fantasy sports operator doesn’t plan to follow the segment’s leaders in immediately closing contests involving college sports.

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UCI to Start E-Sports Program

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.

Microsemi Sells Business Lines for $300M

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.

Western Digital Makes Post-SanDisk Purchase Plans

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.

NextVR Seeks to Add Role of Content Guide

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.

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Microsemi Sells Secondary Lines

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.

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