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.
Cold Genesys Raises $22M
Santa Ana-based Cold Genesys Inc. closed a $22 million Series C preferred stock financing.
Cannabis Company Names CEO
Chris Beals has been promoted to chief executive of Irvine-based Weedmaps.
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.
Stretto Buys Bankruptcy Tech Firm
Irvine-based Stretto, which supplies services for both corporate and consumer bankruptcies, acquired CINgroup to enlarge its technology services.
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.
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.
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.
TTM Q4 Profit Tops Consensus
TTM Technologies Inc. (Nasdaq: TTMI) reported a record fourth quarter adjusted profit that beat Wall Street expectations.
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.
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.
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.
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.
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.
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