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.

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.

Tease photo

Cold Genesys Raises $22M

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

Tease photo

Cannabis Company Names CEO

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

Tease photo

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.

Tease photo

Stretto Buys Bankruptcy Tech Firm

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

Tease photo

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.

Tease photo

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.

Tease photo

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.

Tease photo

TTM Q4 Profit Tops Consensus

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

Tease photo

Acorns’ Valuation Soars to $860M in Latest Round

Fast-growing Irvine fintech firm Acorns Grow Inc. has raised $105 million in its latest funding round, pushing its valuation to nearly $860 million, tripling its value since 2016, the Wall Street Journal reports.

Tease photo

NextGen Q3 Profit Beats Estimates

NextGen Healthcare Inc. (Nasdaq: NXGN), the biggest publicly traded health care software provider based in Orange County, reported fiscal third quarter adjusted profit of 18 cents, which topped analyst expectations of 15 cents.

Tease photo

China Carmaker Setting Up in OC

AUTOMOTIVE: Joins Zotye, Karma

Add GAC Motor to the growing cadre of Chinese automakers establishing operational hubs in Orange County.

Spectrum Pharma to Sell Drug Portfolio

Spectrum Pharmaceutical Inc. (Nasdaq: SPPI) said today it has sold its portfolio of seven FDA-approved hematology/oncology products to Acrotech Biopharma LLC for up to $300 million.

Tease photo

Chip Switch: Skyworks Expands Local Ops

REAL ESTATE: Takes over former Broadcom office near UCI

Skyworks Solutions Inc., Orange County’s third largest maker of computer chips by local employee count, appears poised to significantly expand its operations after striking a large lease near its existing Irvine offices.

Tease photo

Irvine Esports Co. Going Public

GAMING: Allied, World Poker Tour part of $214M merger

Orange County’s role as a hub in the fast-growing esports industry will become even more pronounced after one of its main corporate players, Allied Esports International Inc., sets up headquarters in Irvine and goes public this year via a reverse merger.

Tease photo

Prev