Space
Xentaurs LLC, a fast growing IT consultancy established in 2016, has relocated and expanded into new offices at University Research Park for its new Irvine headquarters.
The firm, which helps companies digitize processes and operations, has more than quadrupled the space from its prior digs in Santa Ana to 4,000 square feet at 5151 California Ave.
The Irvine Co.-run building counts its share of startups; it’s home to co-working space The Vine as well as startup incubator EvoNexus.
Xentaurs now has about 15 workers at the new HQ, or roughly half its total employment.
“We’re still expanding,” Chief Executive Anoj Willy told the Business Journal.
The company works with value-added resellers to implement cloud services, custom software and analytics offerings for Fortune 500 companies. Value-added resellers are essentially technology consultants that sell goods and services to businesses.
Xentaurs has doubled its customer base in the last year to about 50, said Willy. It’s profitable and generates more than $10 million in annual revenue.
“We are very financially secure,” he said.
The company, which has been self-funded since its inception, doesn’t have any immediate plans to raise more outside capital.
— Chris Casacchia
Expect to see more smiles at the Irvine location of EvoNexus.
The University Research Park incubator hub for startups announced its latest admission: orthodontic archwire designer Final Wires.
The company makes wires that are used for putting braces on patients. Its precision-engineered products are based on 3D X-rays and 3D dental scans of the patient, which results in “less work for the doctor, fewer visits for the patient, and more accurate results, for less cost than traditional treatment,” according to EvoNexus.
The company’s proprietary software is patent pending; it hasn’t disclosed how much funding it has received to date.
The product “has been developed by experienced orthodontists and engineers through an intensive process of R&D and testing,” according to the company’s website.
By moving into EvoNexus, the company will receive access to capital and strategic partnerships, long-term residency of up to two years, executive mentorship, as well as Class A office and dry lab space.
— Mark Mueller
Launch
Newly launched Laguna Beach-based active swimwear brand Revly wants women to feel comfortable in a bathing suit.
“I grew up in San Diego and live in Laguna Beach and love swimwear but because of my scoliosis I never felt confident and comfortable,” said founder Jordan Robbins, who was diagnosed with the spinal condition at 12.
She said she wanted to create something that made her feel good about herself. “I knew I wasn’t the only one that has insecurities when they’re wearing swimwear so that’s how the idea started,” she said.
Revly launched online in June with eight styles. Robbins said sales have reached $40,000.
Prices start at $56 for bottoms to $128 for a one-piece bathing suit.
The 23-year-old invested about $20,000 and started developing the business last fall before graduating from the University of Wisconsin-Madison in December.
Robbins, a Division 1 volleyball player, said she was able to bootstrap Revly with money from a college fund her parents created, since an athletic scholarship covered her tuition costs.
Swimwear is a saturated market, but when it comes to active swimwear she told the Business Journal that most are focused on creating suits for training or competitions.
“I wanted something that a 12-year-old girl could play volleyball in and a mom of three could wear while chasing her kids,” she said. “I’m not into high fashion [or] worried about bedazzled swimsuits with lace and tie-ups. I just want to be comfortable all the time and that’s what these swimsuits are.”
— Subrina Hudson
