Chris Casacchia covers technology, aerospace and defense and sports. He can be reached at firstname.lastname@example.org.
Phone: 949-833-8373 Extension: 225
Newport Beach-based MSC Software Corp. will be sold for $834 million to Swedish IT service provider Hexagon AB, the companies said today.
Irvine-based video game products maker Razer Inc. has acquired the majority of assets of a San Francisco company that developed a mobile phone that offers unlimited cloud-storage capacity.
Could Bid on Chunk Of Flagging Firm’s Flash Biz
Speculation is building that Irvine-based Western Digital Corp. is in line to bid on a significant portion of Toshiba Corp.’s flash memory business as the Tokyo conglomerate faces staggering write-downs from its failing U.S. nuclear power business.
TECHNOLOGY: Lexmark puts software operation on block
Reynolds Bish is back at the helm of the software company he positioned for a $1 billion sale to Lexington, Kentucky-based Lexmark International Inc. less than two years ago.
MEDIA: Shell company takes new tack with acquisition
A Laguna Beach-based shell company has acquired a virtual reality developer that will give backers and opponents of President Donald Trump’s proposed wall along the U.S.-Mexico border a chance to purchase portions of a digital version of the edifice—and use the space to express their opinions.
Aliso Viejo-based chipmaker Microsemi Corp. reported revenue in the December quarter in line with Wall Street expectations, and an adjusted profit that beat estimates.
MSC Talks Possible $800M Sale to Luxembourg Firm
It appears another sizeable Orange County tech company is in play for a takeover.
Irvine-Based Conference Commissioner Guides ‘Mid-Major’ in Era of Power 5
The Big West Conference, like its counterparts across the nation, has been in a state of constant evolution since a sweeping round of college athletics realignment was touched off nearly a decade ago.
ECONOMY: First entries reflect growing commercial presence here
China’s continued expansion on the world stage and a strong year for hiring among Orange County’s largest foreign-owned companies combined to bring a jump in overall employment in the category here.
TECHNOLOGY: TCL puts brand in hands of unit based in Spectrum
The plan to resurrect the faltering Blackberry smartphone brand in the U.S. and Canada is being crafted in the Irvine Spectrum.
They See Value as Others Put Resources Elsewhere
With another CES in the books—that’s No. 6 for those following this column—let’s take a closer look at how some OC companies tried to cut through the clutter in Las Vegas at the world’s largest consumer electronics show:
Company Reps Pegged Year-End Sale Wrap
Vizio Inc.’s pending $2 billion sale to Chinese conglomerate LeEco failed to close by year-end, indicating a potential wrinkle in a deal that still needs final approval from Chinese regulators.
Hyundai Motor America Inc. in Fountain Valley plans to unveil a new feature tomorrow that allows vehicle owners to control various functions through Google Assistant voice commands.
Morris Programmed Telogis for Deal That Fetched Close to $900M From Verizon
Look to Aliso Viejo to find a key component of a new digital strategy crafted by the nation’s largest telecom as it integrates several recent buys into a new business unit.
Rising Star Mastantuono to CFO, Board Seat
The $6 billon sale of Ingram Micro Inc. last month to Chinese conglomerate Tianjin Tianhai Investment Company Ltd. ushered in some management and board changes at the world’s largest technology products distributor.
Rick Vitelle, chief financial officer, corporate secretary and executive vice president at CalAmp Corp., is retiring from the Irvine-based company.
TECHNOLOGY: Coloring app diversifies revenue streams
The recent acquisition of thousands of digital jigsaw puzzles signals a new turn for MobilityWare as it diversifies revenue streams beyond traditional card games.
The past year was marked by a wave of consolidation in the local technology sector as several big-name companies were taken over.
Consolidation Shakes Up Otherwise Veteran Lineup
It was a dynamic year in Orange County’s diverse technology sector as several young companies made the leap to market-leading contenders.
University of Michigan standout Jabrill Peppers took home top honors at the 13th annual Lott IMPACT Trophy Awards last night at the Pacific Club in Newport Beach.
TECHNOLOGY: Erstwhile tech star’s chip in Alexa development kit
Conexant Systems Inc.’s new deal with Amazon.com signals a comeback for the Irvine-based chipmaker, which emerged from bankruptcy organization more than three years ago under the ownership of hedge fund billionaire George Soros.
Irvine Sensors Platform Uses Artificial Intelligence
Irvine Sensors Corp. is exploring an initial public offering as it develops a video analytics platform that incorporates artificial intelligence.
Chipmaker Conexant Systems Inc. in Irvine is supplying key audio and voice technology to Amazon.com as part of a deal announced this morning.
Chipmaker Microsemi Corp. in Aliso Viejo is part of a consortium of investors putting $18.7 million into an Irvine startup spun out of General Electric’s Global Research Center.
MobilityWare in Irvine bought Critical Hit Software in San Diego on undisclosed terms.
To Supply Patient Monitors For Military, Civilian Use
Irvine-based Nihon Kohden America Inc. has been awarded a $35.3 million one-year contract by the Department of Defense to supply patient monitoring equipment.
Data Storage, Products Businesses Stand to Benefit
The much-anticipated joint venture between Western Digital Corp. and China-based electronics manufacturer Unisplendour Corp. Ltd. is up and running a little more than a year after the agreement was first struck.
Ingram Micro Inc.’s $6 billion pending sale to Tianjin Tianhai Investment Co. Ltd. has gained a key regulatory approval in China.
The gaming accessories unit of Fountain Valley-based Kingston Technology Co. Inc. will sponsor one of the world’s top “Street Fighter” players.
Startup Says Device Uses NSA-Endorsed Technology
Irvine startup Webcloak is nearing a deal with a national retailer to distribute its USB device, which it says allows users to anonymously browse the web and prevent viruses, data theft or identity breaches.
Leads $39M Round to Join Early Investors Carrick, Toba
Irvine-based Mavenlink Inc. is scouting new headquarters in Irvine to accommodate a hiring push in the wake of raising $39 million from lead backer Goldman Sachs.
AUTOS: Carmaker forms IT ‘subdivision’ at FV headquarters
Here’s what the world didn’t see when Hyundai Motor America Inc. showed off its first self-driving vehicle at the Los Angeles Auto Show last week:
SPORTS: Sold out 6-game schedule at 1,250-seat venue
Orange County’s professional tennis team is up for sale.
LeEco Tight On Funds After Overextension
Vizio Inc.’s pending $2 billion sale to LeEco bears watching as chatter picks up in analyst circles that the China-based conglomerate has hit a cash crunch as it expands product lines and markets.
Irvine-based business software maker Mavenlink Inc. has raised $39 million in a Series D round led by Goldman Sachs.
Workload Ranges From Irvine HQ to Silicon Valley, China
Western Digital Corp.’s widespread legal team will head to Northern California this week for their annual global meeting.
New Tack on PR Includes Word of e-sports League
Blizzard Entertainment Inc. departed from its standard routine for Blizzcon this year, using the annual fanfest at the Anaheim Convention center to tout upcoming content releases for existing games and plans for a new e-sports league.
TECHNOLOGY: Longtime acquirer likely to draw several bidders
Another big shake-up could play out soon in Orange County’s chip sector, which has lost several local headquarters over the last few years amid a growing appetite for consolidation.
Microsemi Corp. in Aliso Viejo reported record sales in its fiscal year, and September quarter revenue and adjusted profits that narrowly topped Wall Street expectations.
Showroom, Training Area Featured in Foothill Ranch
The Business Journal got a sneak peek at Iogear’s new 70,000-square-foot digs at Irvine Spectrum, which are outfitted with a product showroom and training space created to drum up more business for its network of resellers and distributors.
E-Tail Giant Continues Content Push at Game Studio in Spectrum
In-house game developers on one team.
AERONAUTICS: Tier 1 copter test proves long-elusive concept
A small engineering firm in Costa Mesa is a step closer to bringing the first battery-powered helicopter to market.
TECHNOLOGY: Expert with federal creds leads new venture
National intelligence expert and corporate attorney Bryan Cunningham has been hired to lead the new Cybersecurity Policy and Research Institute at the University of California-Irvine.
LeEco Intros Motley Products With Same Brain
LeEco’s recent U.S. launch, which included a long press event in San Francisco, may have provided a glimpse into why Vizio Inc. agreed to a sale in July to the Chinese conglomerate.
Ricoh Electronics Inc. will eliminate more than one-third of its employment base at its Tustin headquarters as part of a global restructuring of manufacturing operations.
Irvine-based storage products maker Western Digital Corp. reported revenue and adjusted profits in the September quarter that beat Wall Street expectations.
Newport Beach-based Toba Capital invested in the booming eSports segment, co-leading a $5 million funding round for a Santa Monica company that runs tournaments and related events for amateur gamers.
InXile Entertainment Blows Past Raise Goal
Newport Beach-based video game maker inXile Entertainment knows how to run an online fundraising campaign.
Sales and leases of offices, industrial buildings, retail space and apartments
Santa Ana HM Property LLC sold a restaurant building in Santa Ana to 99 Motel LLC for $3.7 million, or about $1,584 per square foot.
Flatirons Solutions in Irvine acquired the assets of a Colorado company that specializes in flight operations software.