Orange County Business Journal

Kingston Notches Firsts With Microsoft Deal

TECHNOLOGY: To make Xbox One headsets, bigger gaming name

Kingston Technology Inc.’s new licensing deal with Microsoft Corp. highlights how far the Fountain Valley company has come since introducing its first gaming accessory less than two years ago.

Soft PC Sales Put Damper on Western Digital’s 2015

Storm of Issues Precipitates 45.8% Share-Price Drop

Another sobering report on PC shipment sales underscores the lumps Irvine-based disk drive maker Western Digital Corp. took on Wall Street last year.

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Software Maker Plans to Hire 200

Smart Utility Systems today announced plans to add 200 workers this year at its new headquarters in Irvine and an international expansion plan with new offices in Asia.

Insteon Gets ‘Smarter’ With Home Audio Partnership

Teams With Sonos Speaker Maker In Latest IoT Deal

Irvine-based home automation and control technology provider Insteon continues to beef up its integration with big-name product makers in a new partnership with Sonos Inc.

OC Entries Grab Share of CES Spotlight

TECHNOLOGY: More than 100 companies join frenzy in Vegas

Orange County companies did their part to cut through the clutter at the world’s largest technology trade show, competing with more than 3,600 product makers from around the world in an effort to grab headlines, distributors and new customers.

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Ricoh Buys CM Printer Maker

Tokyo-based Ricoh Co. has acquired an industrial printer maker in Costa Mesa.

Tech Firm Raises $45M for Expansion

Irvine-based smart technology provider Greenwave Systems Inc. raised $45 million in a Series C round led by the investment arm of the Singapore Economic Development Board and Singapore Technologies Telemedia.

2016 Holds Promise for Abundance of New Technology

Fresh Trends Include 5G, VR, ‘Containers,’ Big Data

'Tis the season for looking ahead to emerging innovations, and perhaps no other industry outside fashion presents more fodder than the fast-moving technology sector.

NextVR Touts New Moves in Vegas

Laguna Beach startup NextVR Inc. broadcast last week’s Chicago Bulls-Boston Celtics game in virtual reality at a private event at the Cosmopolitan of Las Vegas.

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NextVR NBA Broadcast Tonight

Laguna Beach startup NextVR Inc. will broadcast the Chicago Bulls-Boston Celtics game tonight in virtual reality at a private event at the Cosmopolitan of Las Vegas.

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Kia Plans Self-Driving Car

Kia Motors Corp. aims to bring an autonomous vehicle to market by 2030 built on its newly launched Drive Wise technology that includes advanced driver assistance systems and intelligent safety features.

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Greenwave Raises $45M

Irvine-based smart technology provider Greenwave Systems Inc. raised $45 million in a Series C round led by the investment arm of the Singapore Economic Development Board and Singapore Technologies Telemedia.

Technology: Scott McGregor

Chipmaker’s $37B Price Represents Premium After Decade at Helm

It’s a bit of an understatement to say Broadcom Corp. Chief Executive Scott McGregor is leaving on a high note.

Fantasy Sports Startup in Lineup for Sacramento Lobby

FantasyAces Teams With Rivals to Press Lawmakers

Aliso Viejo startup FantasyAces LLC is working with the sector’s biggest players to press state legislators to enact regulations in California on the booming daily fantasy sports segment.

OC to Show Range of Emerging Tech at CES

TECHNOLOGY: Startups leverage convention to gain notice in industry

A startup backed by Tech Coast Angels, a clandestine chipmaker, and a spinoff from one of Orange County’s largest publicly traded companies will be among the locals to debut this week at CES, the world’s biggest technology trade show.

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Midday Stock Roundup

The S&P 500 was down 0.59% in midday trading to 2,048.87.

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REIT Buys Again in Colorado

Steadfast Apartment REIT, an affiliate of Irvine-based Steadfast Cos., has acquired a 222-unit apartment complex in Colorado for $44.2 million.

TTM Streamlines, Shifts Leadership in Year-End Move

Lays Off 80 More, Now Has 3 Main Business Lines

The nation’s largest printed circuit board maker will enter 2016 with a spate of new executives leading newly defined market segments.

2016 Preview: TECHNOLOGY

Several uncertainties cloud the outlook for Orange County’s tech scene in the new year.

Microsemi Prepares for Expected Lift From PMC

TECHNOLOGY: Execs say breathes life into storage efforts

Microsemi Corp. has wasted little time in initiating its game plan after buying chipmaker PMC-Sierra Inc. for $2.5 billion.

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County Unemployment Rate Down

Orange County’s unemployment rate dropped slightly in November, when several job sectors added positions in the runup to the holiday shopping season.

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PacMerc Names New Board Member

Industry veteran David Munio has been named to the board of Costa Mesa-based Pacific Mercantile Bancorp and Pacific Mercantile Bank.

2015 YEAR IN REVIEW: Technology

Blizzard Entertainment Inc. Chief Executive Morhaime led the Irvine-based video game maker into new segments and partnerships this year, proving our pick of him as one to watch over the course of this year hit the mark.

Workout Equipment Maker Moves to New HQ

MANUFACTURING: Startup goes from Irvine to Lake Forest

Fitness equipment maker XFit Brands Inc. has relocated from Irvine to a 26,000-square-foot headquarters in Lake Forest.

FantasyAces Metrics Balloon as it Gains Traction

Grows, Untouched By Legal Troubles Rivals Face

The holding company of Aliso Viejo-based startup FantasyAces LLC posted big growth figures in several key metrics, according to some of its first regulatory filings as a public company.

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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.

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.

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.

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 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.

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