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