TECHNOLOGY

Recent and archived news stories on: Alternative Energy, Automotive, Computing, Engineering, Internet, Nanotech, Software, Telecom, Wireless...

Lantronix CEO Departure Prompts Call for Changes

TECHNOLOGY: Jimmy P suggests ‘strategic alternative’Jeff Benck has left networking products maker Lantronix Inc. in a stronger financial position than what he inherited in late 2015.

CalAmp Buys Synovia for $50M

CalAmp Corp. has acquired Synovia Solutions LLC for $50 million to expand its subscription services, the Irvine-based company said today.

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ConversionPoint Files For IPO

Newport Beach-based ConversionPoint Holdings Inc. is looking to raise $40 million in an initial public offering.

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ShiftPixy Q2 Sales up 67%

Irvine-based ShiftPixy Inc. reported fiscal second quarter revenue for the period jumped 67% to $13.2 million from the same period a year earlier.

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Mavenlink Gets $48M; Carrick, Goldman, In

Business software maker Mavenlink Inc. raised $48 million in a Series E financing round, led by current investors Newport Beach-based private equity firm Carrick Capital Partners and Goldman Sachs Growth Equity.

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Alteryx Pays $20M In AI Buy

Irvine-based data science and analytics firm Alteryx Inc. (NYSE: AYX) bought ClearStory Data, a privately held software company based in Menlo Park, for $20 million.

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Karma Names New CFO

Karma Automotive LLC in Irvine appointed Ashoka Achuthan chief financial officer, replacing Cameron Adamson, who had held the post about five years.

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CoolSys Bought by Ares

CoolSys, a Brea-based company that installs and maintains refrigeration and heating systems for companies like Costco and Starbucks, was acquired by Ares Management Corp.

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Cold Genesys Raises $22M

Santa Ana-based Cold Genesys Inc. closed a $22 million Series C preferred stock financing.

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Cannabis Company Names CEO

Chris Beals has been promoted to chief executive of Irvine-based Weedmaps.

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More Western Dig Job Cuts

Memory products maker Western Digital Inc. has sliced its local workforce another 7% , eliminating 102 jobs in Irvine as part of a larger cost-cutting initiative that eliminated hundreds of positions in California, according to a filing with the state Employment Development Department.

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Stretto Buys Bankruptcy Tech Firm

Irvine-based Stretto, which supplies services for both corporate and consumer bankruptcies, acquired CINgroup to enlarge its technology services.

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Blackberry Completes Cylance Buy

Canada’s Blackberry Ltd (NYSE: BB) completed the previously announced $1.4 billion acquisition of Irvine’s Cylance Inc., a provider of Internet security using artificial intelligence.

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Blizzard Cuts Jobs

Blizzard Entertainment Inc. may cut as much as 180 jobs at its Irvine headquarters as part of a large-scale restructuring initiated by Santa Monica parent Activision Blizzard Inc.

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Real Estate Data Firm Bought

Irvine’s ATTOM Data Solutions has been acquired by Lovell Minnick Partners, a Philadelphia-based private equity firm, on undisclosed terms.

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TTM Q4 Profit Tops Consensus

TTM Technologies Inc. (Nasdaq: TTMI) reported a record fourth quarter adjusted profit that beat Wall Street expectations.

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