Orange County Business Journal

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TTM Announces More Job Cuts

TTM Technologies Inc. today announced it will lay off 80 workers worldwide in a restructuring move, its second significant job-cutting initiative in less than three months.

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Kurion Acquires U.K. Robotics Maker

Irvine-based Kurion Inc. has acquired a U.K. company that specializes in robotics and remote systems for handling hazardous materials.

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LA Fitness Gets Rival’s Gyms in Ariz.

The Irvine parent of LA Fitness has added 11 gyms in Arizona in an ongoing nationwide expansion plan, according to media reports.

Sources Say Job Cuts for Broadcom by Year’s End

TECHNOLOGY: Chipmaker to trim in advance of sale to Avago

Irvine-based chipmaker Broadcom Corp. is expected to make significant job cuts as its $37 billion sale to Avago Technologies Ltd. nears completion, the Business Journal has learned.

Hyundai’s Got an App for That

TECHNOLOGY: Uses 3-D scan to bring augmented reality to buyers

All 14 current configurations of the Hyundai Sonata that rolled off the assembly line in a manufacturing plant in Montgomery, Ala., were given a little more attention.

Aim for the Top

Lee Helps ITT Balance Risks and Innovation for Growth

Suzy Lee’s influence at ITT Cannon LLC runs much deeper than running an in-house legal department in three countries.

Broadcom Chip Might Be Absent From Latest iPhone

Wi-Fi Chip Possibly In Other Supplier’s Piece

It appears Broadcom Corp. might have lost some coveted positions in the latest iPhone model.

Startup Capitalizes on Other Offerings’ Weaknesses

Cirruspath Targets $10M In Sales With Tidying App

An Irvine startup is getting strong demand from companies it says are frustrated with the functionality of salesforce.com and other customer relationship-management products.

Nonprofit OCTANe Seeks to Expand Prospects for Startups

STARTUPS: Seeks more VC partners; might add own fund

OCTANe’s new strategy to attract investment dollars and emerging companies to the region is showing early returns for Orange County’s vibrant startup and entrepreneurial scene.

Blizzard’s Blitz: Classic Games, Movie, Xbox

Blizzard Entertainment Inc.’s evolving strategy is mixing a dose of the past with a dash of the future in the pending launch of a classic games division, more free content, new distribution channels, and a big push into Hollywood.

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Microsemi Ups Bid for Chipmaker

Aliso Viejo-based chipmaker Microsemi Corp. increased its bid for PMC-Sierra Inc. this morning to roughly $2.39 billion.

Joint Venture Puts New Light on WD in China

TECHNOLOGY: Follows sale of stake to same company

Western Digital Corp.’s ongoing push into more lucrative storage products geared for corporate customers got a boost last week in another deal with China-based information technology provider and electronics manufacturer Unisplendour Corp.

Oculus Backer Leads $30.5M NextVR Round

Laguna Beach-based virtual reality startup NextVR Inc. raised $30.5 million in a Series A funding round that included a mix of sports- and entertainment-related firms.

Blizzard Game Favorite Headed for the Big Screen

‘Warcraft’ Movie to Debut In Theaters Next June

The long-awaited release of the movie version of flagship Blizzard Entertainment Inc.’s franchise game “Warcraft” will hit movie theaters in June.

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NextVR Raises $30M

Laguna Beach-based virtual reality startup NextVR Inc. has raised $30.5 million in a Series A funding round led by mix of sports- and entertainment-related firms.

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Broadcom Shareholders Approve $37B Sale

Broadcom Corp. shareholders today approved the Irvine-based chipmaker’s $37 billion sale to Avago Technologies Ltd. in Singapore.

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PMC Board Behind Microsemi Bid

Chipmaker Microsemi Corp.’s latest cash-and-stock bid to acquire PMC-Sierra Inc. has been deemed a “superior proposal” by the board of the Sunnyvale-based target company.

Ad Indicates Another OC IPO Could Be in Making

UST Global Posts Job For Exec With IPO Experience

Aliso Viejo-based UST Global Inc. could be the next Orange County tech company to go public.

Chipmakers End Streak of Cuts Amid Combinations

Boost Employment Bases By 4%; None Drop Jobs

The largest chipmakers in Orange County added jobs in the past year amid a wave of industry consolidation that included four companies with local operations.

Irvine IT Provider Bought by PE Firm

Irvine-based IT provider Synoptek LLC was acquired by San Francisco-based private equity firm Sverica Capital Management LLC on undisclosed terms.

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Blizzard Loses 100K Subscribers

Irvine-based Blizzard Entertainment Inc. posted another subscription loss in its flagship World of Warcraft franchise, but the third-quarter drop was overshadowed by Santa Monica parent Activision Blizzard Inc.’s $5.9 billion takeover of King Digital Entertainment PLC.

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PMC Rejects Microsemi Bid

PMC-Sierra Inc. has rejected the latest buyout offer of $2.4 billion from Aliso Viejo-based chipmaker Microsemi Corp.

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PMC Rejects Microsemi Bid

PMC-Sierra Inc. has rejected the latest buyout offer of $2.4 billion from Aliso Viejo-based chipmaker Microsemi Corp.

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Irvine IT Provider Sold

Irvine-based IT provider Synoptek LLC has been acquired by San Francisco private equity firm Sverica Capital Management LLC.

Software Maker Raises $85M in Round

Irvine-based analytics software maker Alteryx Inc. raised $85 million in a venture capital round led by Iconiq Capital in San Francisco and prior backer Insight Venture Partners in New York. Palo Alto-based Meritech Capital Partners also participated.

Pot Products Maker Grows Like a Weed

Terra Tech Sales Up 754%, Largely On Cannabis Demand Surge

Terra Tech Corp.’s crops of basil, oregano, thyme, parsley and lettuce are a steady line of business, but the Newport Beach-based company’s newer line of products derived from another leafy green is the big growth driver.

Telogis Sees Future In Apps Made With Apple

TECHNOLOGY: Mobile products aimed at B2B customers

Aliso Viejo-based logistics software maker Telogis Inc. is placing a big bet on mobile apps in a new partnership with Apple Inc.

Microsemi Deal for Chipmaker Would Be Its Biggest

$2.2B Offer About 4 Times PMC-Sierra’s Annual Sales

Aliso Viejo-based Microsemi Corp.’s $2.2 billion bid to acquire Sunnyvale chipmaker PMC-Sierra Inc. is the latest deal in the sizzling chip sector, which has already seen record activity this year.

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Mixed Q3 for Ingram

Irvine-based Ingram Micro Inc. reported a mixed third quarter in a report issued after the close of intraday trading today.

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Irvine Software Maker Gets $85M

Irvine-based analytics software maker Alteryx Inc. has raised $85 million in a venture capital round led by Iconiq Capital in San Francisco and prior backer Insight Venture Partners in New York.

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Telogis Inks Apple Deal

Aliso Viejo-based logistics software maker Telogis Inc. has struck a deal with Apple Inc. to enhance vehicle and workforce related apps for the consumer electronics giant’s line of iPhones and iPads.

WD Solidifies Top Hard Drive Position in Whirlwind Week

Scoops Up SanDisk, Gets Long-Awaited HGST Nod

Scoops Up SanDisk, Gets Long-Awaited HGST Nod

Live VR Stream of Democratic Debate Largely Panned

Observers: Headset Awkward, Limited

NextVR’s live virtual reality stream of the recent democratic presidential debate drew some harsh criticism from tech pundits, leading many to quip the emerging technology isn’t ready for prime time.

Microsemi Shops $2.2B Chipmaker Bid as Winner

TECHNOLOGY: Deal would double its debt; dismisses idea of other suitors

Aliso Viejo-based chipmaker Microsemi Corp. is confident its record $2.2 billion bid last week to acquire PMC-Sierra Inc. will stand against competitor Skyworks Solutions Inc.

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Irvine Software Maker Sells Stake

Duke Energy Corp., one of the nation’s largest electric utility providers, has taken a majority stake in Irvine-based Phoenix Energy Technologies.

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Ingram Buys in Latin America

Irvine-based Ingram Micro Inc. is set to acquire Grupo ACAO, one of the largest IT providers in Latin America.

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Microsemi Bids $2.4B for Chipmaker

Aliso Viejo-based chipmaker Microsemi Corp. has placed a $2.4 billion bid to acquire chipmaker PMC-Sierra Inc., the company said this morning.

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WD Can Integrate $4.8B HGST

Western Digital Corp. received approval from Chinese regulators to integrate its $4.8 billion acquisition of HGST, the Irvine-based disk maker said this morning.

Fantasy Sports Startup Responds to Industry Inquiry

Tightens Policies in Wake Of NY Probe of Rivals

Aliso Viejo-based startup FantasyAces LLC has changed some internal policies in the wake of a data analysis scandal that has shaken up the nascent and booming daily fantasy sports industry.

Another Boost for Irvine-Based Analytics Specialist

TECHNOLOGY: Software from Alteryx in Microsoft’s Power BI

Alteryx Inc.’s latest partnership with Microsoft Corp. opens the door to throngs of potential customers for the Irvine-based analytics software maker in one of the fastest-growing segments in technology.

New Moves for Gym Chains

Local Companies Help Lead Industry Innovations in Fitness Workouts

Some of the hottest trends in the fitness industry are being developed in Orange County, prompting several locally based companies, including LA Fitness, UFC Gym and Fitwall, to aggressively expand their brands while offering very different experiences to their members.

EON Offers Virtual Reality Content From Irvine HQ

TECHNOLOGY: Users range from NFL player to eye doctor

An Irvine-based software maker’s push into virtual and augmented reality is attracting a mix of new customers that includes eye doctors, engine builders, chemical plant operators and an NFL quarterback.

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Chairman Acquires Majority Stake in Irvine Firm

Venture capitalist and Cie Digital Labs Executive Chairman Anderee Berengian acquired a majority stake in the Irvine-based game app developer and incubator.

Unisplendour WD Deal Sets OC-China Benchmark

$3.8B Minority Stake Could Be Biggest Ever

Unisplendour Corp. Ltd.’s $3.8 billion minority stake in Irvine-based Western Digital Corp. is believed to be the largest single investment a China-based company has made in a local company but still trails some other blockbuster deals initiated by foreign investors.

OC-China Culture Club

Assimilation, Influence Hallmarks of Community Here

You won’t find a typical Chinatown in Orange County—no ethnic concentration with block after block of storefronts offering goods for new immigrants from the world’s most populous country or tourists anxious to brush up against an outpost of its culture.

Rare Investment Method Behind MTAB Acquisition

Search Fund Acquires Local Software Maker

Poplar Capital Partners LLC’s recent buy of Yorba Linda-based business software maker mTAB LLC was backed through a rarely used investment mechanism: a search fund.

Wang’s Way

Business Failure Led Vizio Co-founder to ‘Innovate Myself Out of This Situation’

William Wang owes as much to his failures as his successes.

WD Stake Pushes OC-China Ties to New Level

TECHNOLOGY: $3.8B deal catches Wall Street by surprise

China continued to make waves in Orange County last week with a $3.8 billion deal that will give Unisplendour Corp. Ltd. a 15% stake in Irvine-based Western Digital Corp.

Morris in Motion

Telogis Hooks Up With AT&T on Software for Automakers

Telogis Inc.’s new deal with AT&T Inc. marks another significant turn for the Aliso Viejo-based logistics software maker under the leadership of co-founder Newth Morris.

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TTM to Shutter 3 Plants

TTM Technologies Inc. will shutter three manufacturing plants and lay off 550 workers as part of a global integration plan following its $927 million June acquisition of Viasystems Group Inc., the Costa Mesa-based printed circuit maker announced today.

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