Orange County Business Journal

New WoW Release Promises Blizzard Recovery

Aug. 30 Release Already Boosted Company’s Sales

Expect another strong quarter for Irvine-based Blizzard Entertainment Inc. with the Aug. 30 release of “World of Warcraft: Legion,” the sixth expansion set of the franchise role-playing game.

OC, India Both Figure Into Lantronix Comeback Bid

TECHNOLOGY: Sees IoT as pathway back to profits

Jeff Benck’s new game plan for Irvine-based Lantronix Inc. is in motion after taking the helm of the sputtering networking equipment maker late last year.

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Netlist in $15M Offering

Netlist Inc. will sell $15 million in common stock, the Irvine-based storage equipment maker said today.

Startups Get Coveted Audience With Conglomerate

Four at EvoNexus Pitch In Huawei Exec Sessions

Three startups housed at the EvoNexus incubator at University Research Park and another startup based in Irvine held private meetings with representatives from Huawei Technologies Co., one of the largest diversified electronics makers in the world.

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Smith Micro Avoids Delisting

Smith Micro Software Inc. has regained compliance with the NASDAQ Stock Market’s minimum bid price requirement, the Aliso Viejo company announced today.

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FantasyAces Acquires More Players

The parent company of Aliso Viejo-based startup FantasyAces LLC has entered an agreement to acquire a database of fantasy sports players from Gaming Nation Inc.

XUMO Uses Data, Digital to Capture Cord Cutters for LG

TECHNOLOGY: Powers streaming content channel for TV maker

Technology by Irvine-based XUMO is powering a free streaming content service geared for U.S. customers of LG Electronics Inc., the world’s second largest TV manufacturer.

Dwindling PC Sales Pull Down Western Digital Results

Hard Drive Sales Sink To Five-Year Low at 40M

Western Digital Corp.’s hard drive sales have fallen to the lowest level since heavy monsoons and record floods shut down its Thailand manufacturing hub nearly five years ago.

Better Sense of Performance Now at Pros’ Fingertips

Sensors, Already Popular With Amateurs, Move Up

World-class surfer and part-time San Clemente resident Jordy Smith is trying to level the playing field, not against the competition, but Mother Nature.

St. Joseph Embraces Digital Change After Challenges

Records Integration One Of Series of Tech Changes

Irvine-based St. Joseph Health, one of the largest healthcare operators in Orange County, set out four years ago to establish a single electronic record for each patient who visits any of its 16 hospitals spread across California, Texas and New Mexico.

Chipmakers, led by Broadcom, Cut OC Work Force 16%

17 Biggest Down 756 Jobs To Just Under 4K Workers

Big job cuts at Broadcom Ltd. following its $37 billion sale in February to Singapore-based Avago Technologies Inc. and a string of divestitures fueled one of the steepest local employment drops in the chip sector in years.

Kingston Joins Pokémon Bandwagon With Competition

Gym Battle Provides Face Time With Game’s Fans

Fountain Valley-based Kingston Technology Inc. is the latest OC tech company trying to capitalize on the Pokémon Go craze sweeping the globe.

Gaming Content Maker Acquired, the world’s largest live-streaming site for gaming content, acquired Irvine-based Curse Inc., which creates content for gamers.

$97M Army Contract to Irvine Manufacturer

A manufacturer in Irvine has won a nearly $97 million contract to supply weapon components to the U.S. Army.

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Amazon’s Twitch Buys Irvine Gaming Specialist, the world’s largest live-streaming site for gaming content, has acquired Irvine-based Curse Inc., which creates content for gamers.

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Smith Micro Down After Reverse Split

Shares of Smith Micro Software Inc. are down in its first trading session after the Aliso Viejo-based company initiated a reverse stock split before the start of trading today.

Microsemi Names Rams Practice Facility

Aliso Viejo-based chipmaker Microsemi Corp. took naming rights of the Los Angeles Rams practice facility at the University of California-Irvine.

Liftoff for Growth

EnCore’s New Airliner Seat Certification Unit Ready To Leverage Boeing Contract to Gain Market Share

An acceleration sled propelled by two compressed air tanks has just concluded one of its first thrusts down a 120-foot runway in a renovated wing at the Huntington Beach headquarters of EnCore Aerospace LLC.

Telecoms Reverse 2 Years of Job Cuts With 4% Gain

Led By T-Mobile, Which Added 175 Employees

The continued growth of T-Mobile USA Inc. and Mobilitie LLC’s local operations boosted the employment of the largest telecommunications companies in Orange County over the year ended July 31.

US Patent Chief Sees Momentum on Cybersecurity

Obama Adviser Marks Increased Applications

Michelle Lee, a senior economic adviser to President Barack Obama and the country’s top patent official, in a recent interview with the Business Journal highlighted the importance of new technologies related to cybersecurity, a growing area of specialization in Orange County.

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Microsemi Name for Rams' UCI Field

Aliso Viejo-based chipmaker Microsemi Corp. has taken naming rights of the Los Angeles Rams practice facility at University of California-Irvine.

Tech-Exec-Turned-VC-Leader Eschews Corner Office

Smith Reflects on Pass Of Chance to Buy Dell Unit

The allure of taking over the business software unit he grew to about $1 billion in annual revenue until its $2.8 billion sale in 2012 to Dell Inc. wasn’t enough to win over Vinny Smith.

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Irvine Gets Google Fiber

Irvine will become the latest U.S. market to feature Google Inc.’s new super-speedy Internet service for businesses and residents—with a caveat: The Mountain View-based tech giant initially is rolling out the service only to select Irvine Co. properties, the companies said today.

Kobe’s Transition Game

New Career at Newport Beach-Based Storytelling Enterprise ‘Feels Right’

Kobe Bryant has enlisted some Hollywood big men to craft the next chapter of his life after basketball.

On Vinny’s Table: Impact Investing

The dining room table is Vinny Smith’s preferred office these days.

Big Wheels, Big Deals

How OC’s Wealthiest Got Much Wealthier

This year’s crop of OC’s richest residents managed to outpace the market by a longshot, thanks to a number of additions and several deals that helped boost the combined wealth of the 45 entries to $72.5 billion.

Purchase of Quantum Fuel Could Bring Turnaround

Douglas Acquisitions Picks Up Lake Forest-Based Firm

Quantum Fuel Systems Technologies Worldwide’s recent sale to Douglas Acquisitions LLC may provide the runway and resources to finally put the Lake Forest-based company on solid financial ground after years of tweaking its business model and product lines.

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WD Sales, Profits Down

Irvine-based Western Digital Corp. reported lower annual sales and adjusted profits.

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WD Leads VC Round

Irvine-based Western Digital Corp. co-led a $77 million funding round for a Redwood City startup with noted Silicon Valley venture capital firm Kleiner, Perkins, Caufield and Byers.

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Vizio in $2B Deal

Irvine-based Vizio Inc. has been acquired for $2 billion by LeEco, a conglomerate based in China.

Equipment Firm Hopes Seimens Deal Signals Turnaround

Ener-Core Grants Rights To Make, Sell Industrial Units

A new licensing and manufacturing deal with Dresser-Rand could bring profitability to Irvine-based Ener-Core Inc. after nearly a decade in the red.

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Ingram Sale Hits Bump

Ingram Micro Inc.’s pending $6 billion sale to Chinese conglomerate Tianjin Tianhai Investment Co. Ltd. has run into its first hurdle that could ultimately derail the deal.

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Quantum Fuel Bought

Lake Forest-based Quantum Fuel Systems Technologies Worldwide Inc. was purchased by Douglas Acquisitions LLC, an affiliate of second-position secured creditors.

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Silicon Valley Software Maker to NB

Newport Beach-based startup Predictive Inc. has acquired a Silicon Valley software maker developing advanced learning applications.

OC-Rooted Software Makers Acquired Behind Scenes

Epicor Originally in Irvine, Dell Unit Came From Quest

Two software makers with deep roots in Orange County that helped develop the industry here quietly changed hands in private equity deals.

Next Act for Cylance: Consumer Market

TECHNOLOGY: Citigroup among backers of cybersecurity specialist

One of Orange County’s fastest growing companies is crafting a strategy to claim new ground with a push into the consumer market.

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Toba in $11M Series A Round

Vinny Smith’s Toba Capital in Newport Beach has led an $11 million Series A round for business software maker Grow.

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Rams to Summer at UCI

The Los Angeles Rams will hold the team’s annual summer training camp at University of California-Irvine for the next three years.

Trout Turns Pitchman on Smart Bat

Angel Star Endorses Model With Data Sensor

Mike Trout is part of an effort to bring America’s Pastime into the age of data with the game’s first smart bat.

Execs of OC Tech Stalwart Strike Out on Their Own

Some See Better Breaks, Others Innovate on Own

Vast strategic and management changes and hundreds of local job cuts initiated over the past few years at Broadcom Corp. and more recently at Broadcom Ltd. are creating opportunities for former executives that ultimately could reshape Orange County’s technology landscape.

VR Content Maker Takes in $20 Million

Laguna Beach-based virtual reality content maker NextVR Inc. raised $20 million from CITIC Guoan Information Industry, a state-owned investment firm in China.

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WD Ups Targets, Promotes New CFO

Western Digital Corp. today raised its guidance for the current quarter and initiated an executive change.

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NextVR Raises $20M

Laguna Beach-based virtual reality content maker NextVR Inc. has raised $20 million from CITIC Guoan Information Industry, a state-owned investment firm in China.

Electronics Maker to Develop Apple Home Device

D-Link Wi-Fi Camera To Join HomeKit Products List

Fountain Valley-based D-Link Systems Inc. has its first product approved for Apple Inc.’s developing HomeKit platform, which offers a selection of services for connected-home devices.

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Ingram Slashes Jobs in Texas

Irvine-based Ingram Micro Inc. is cutting more than 900 workers at a wireless device repair and distribution center in Fort Worth, Texas.

Reduced OC Contingent at E3 Reflects Industry Shift

Games on Go, Other Event Limit Local Attendance

Orange County video game makers were uncharacteristically absent from the recently concluded annual Electronic Entertainment Expo at the Los Angeles Convention Center.

DNC Hires Irvine Firm to Help Stop Intelligence Hack

TECHNOLOGY: CrowdStrike in demand to thwart cyberattacks

CrowdStrike Inc. has been hired by the Democratic National Committee to halt a breach carried out by intelligence hackers from Russia, according to the Irvine-based security software maker.

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Irvine Software Maker Sold

Irvine-based data management software maker Vision Solutions Inc. has been sold to private equity firm Clearlake Capital Group L.P. in Santa Monica.

China Gives Box Office Boost to Movie Based On Blizzard Game

MEDIA: Domestic opener tame by comparison to $150M take over there

The movie based on Blizzard Entertainment Inc.’s franchise fantasy game could be on its way to becoming Hollywood’s biggest hit in China.

Some Local Firms Take Advantage of Important Stage

Private Red Herring Event Opp for High-Potentials

A handful of OC tech companies presented their stories to interested investors and executives across the country at a recent invite-only conference in Newport Beach.

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