Startup Verys is on a hot streak, landing a deal with Disney ABC Television Network to build its internal marketing management system.
The custom software development firm, which specializes in application design and Web, enterprise systems and cloud services, will handle the workload from its new 2,100-square-foot headquarters in Irvine.
The company has grown employment to nearly 50 since its launch in 2012, with most at its OC digs. Its office in Dallas is handling work for American Airlines, AT&T and NationStar Mortgage as clients.
Local customers include Stearns Mortgage, Hyundai, Kia and Edwards Lifesciences.
Verys projects it will hit $6.5 million in revenue this year, up 44.4% over 2014. Revenue has significantly jumped every year from $126,000 in 2012 to $2.2 million in 2013 to $4.5 million last year.
“Based on our current workload and future pipeline, there is no reason to believe we can’t continue to sustain our growth numbers,” said Chief Executive Chris Antonius, who cofounded the company with President Mike Zerkel.
The former executives at Aliso Viejo-based IT outsourcing firm UST Global Inc. are finding early success offering an alternative to offshore development, focusing on agile custom services that carry a slim margin of error.
Netlist Court Victories
Irvine-based computer memory products maker Netlist Inc. has picked up a few favorable rulings in its ongoing patent dispute with Diablo Technologies Inc. and several other competitors.
The U.S. District Court for the Northern District of California approved Netlist’s special motion to strike Diablo’s claims against it for breach of contract, unfair competition, and interference with its customers, ordering Diablo to pay legal costs related to the matter.
The court also ordered a preliminary injunction against Diablo, halting sales of new high-speed computer chips used by SanDisk, IBM, and other manufacturers that contain Netlist technology.
A trial date is scheduled for March 9 to hear Netlist’s claims against Diablo for trade secret misappropriation and breach of contract, among other actions related to the components supplied by Diablo for Netlist’s ULLtraDIMM product line.
The rulings follow last month’s decision by the U.S. Patent and Trademark Office that denied petitions filed by SanDisk requesting a special review of Netlist patents related to ULLtraDIMM in a separate patent infringement suit brought by Netlist against SanDisk and Diablo.
The developments are the latest legal turn in disputes that have entangled Netlist for more than four years, curtailing adoption of its products, and keeping investors at bay.
Netlist shares jumped more than 35% from Jan. 12 to 16 on word of the news to a market value of about $58 million.
Data Center Operator Buy
Orange County’s largest data center operator will be acquired for $675 million by Boulder, Colo.-based Zayo Group LLC.
Latisys, based in Englewood, Colo., operates five data centers in the U.S., including two adjacent locations on Von Karman Avenue that total 138,000 square feet.
Latisys has undergone a major expansion in Irvine in the past few years, pouring more than $60 million into the multiyear project that added more than 90,000 square feet of space. The company runs warehouses full of servers and other data storage gear, and it contracts with companies to store their databases and programs.
It handles monitoring, cooling, security, and cloud services for the data centers, allowing companies to outsource the work and cut costs.
Latisys has had local operations since 1994.
