Chris Casacchia covers technology, aerospace and defense and sports. He can be reached at firstname.lastname@example.org.
Phone: 949-833-8373 Extension: 225
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.
Tariffs Speed Up Firm’s Diversification Efforts
Telematics specialist CalAmp Corp.’s pending acquisition of the exclusive licensee of LoJack technology in the Mexican market underscores its growing reliance on the border nation.
Chris Beals has been promoted to chief executive of Irvine-based Weedmaps.
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.
Cylance, Carbon Black Execs Offer ID Protection
Newport Beach software maker Obsidian Security Inc., launched in 2017 by two former Cylance Inc. executives and others, raised $20 million in a Series B round led by Silicon Valley venture capitalist Wing.
SPORTS: Took over OC Breakers in 2017
Laguna Beach resident Eric Davidson, co-founder of Newport Beach-based senior homecare operator Vintage Senior Living, has acquired a significant stake in World TeamTennis LLC, or WTT.
TECHNOLOGY: UK, Mexico deals; shifts subscribership model
Telematics specialist CalAmp Corp. is starting 2019 on an international buying spree.
TECHNOLOGY: Proceeds from Parcel Pending bet
Costa Mesa-based software developer Verys LLC is launching up a seed fund that will invest in emerging technology-focused companies, and the fund is backed with proceeds the company received from its early-stage investment in Irvine’s Parcel Pending, which sold last month for more than $100 million.
3rd Exit for Founder Mike Kelly Since 2006
Three times is a charm for Mike Kelly, who recently sold his tech-focused accounting firm Tactical Cloud on undisclosed terms to national player Eide Bailly LLP in North Dakota.
TECHNOLOGY: Follows HQ move, $105M funding round
Acorns Grow Inc. has quickly sprouted another microinvesting product.
Orange County-based firms and philanthropic ventures played a prominent role a week ago at the Genesis Open at Riviera Country Club in Pacific Palisades.
Ingram Micro Inc., which grew to become Orange County’s largest revenue producer—not to mention the world’s largest wholesale technology distributor—by shipping software and other tech products to a network of nearly 300,000 resellers—is once again adapting its business model to thrive in the digital age, while potentially boosting the likelihood of another sale of the Irvine-based firm later this year.
ICE Energy Installs 100 Systems for SCE Project
Irvine-based business software maker Kofax Inc. closed one mega-buy this month, and has another smaller deal in the works.
Philip Carter in two short years has helped push the accounting department at Skyworks Solutions Inc. further into the digital age, just as he did in his previous role at Broadcom Inc.
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.
All major U.S. indexes rose at least 1% in midday trading as fears of another government shutdown eased on word that Democrats and Republicans reached a tentative deal Monday night.
Targets Include Tech Cos. Seeking Worker Perks
A former Telogis Inc. executive aims to free up time for office workers and other employees by providing pickup and concierge services during the day via smart phone app.
First of 12 Planned For This Year
Huntington Beach-based Rocket Lab’s first mission of 2019 is with the Defense Advanced Research Projects Agency, a division of the U.S. government that develops emerging and secretive technologies for the military.
TTM Technologies Inc. (Nasdaq: TTMI) reported a record fourth quarter adjusted profit that beat Wall Street expectations.
‘Preferred Partner’ Deal Follows P.E. Investment
Delphi Display Systems in Costa Mesa, a maker of indoor and outdoor digital menu signs, order confirmation systems for drive-throughs, speed-of-service timers and other fast-food restaurant-oriented technology, has inked a deal with Orange County’s largest restaurant chain.
Grooming product startup Twist It Up Comb appeared on ABC’s Shark Tank on Jan. 27, and received funding from Marc Cuban and Daymond John.
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.
OC, LA Fundraising Events for Software Firm
It was a quiet 2018 for initial public offerings at Orange County’s crop of technology companies, none of which made the transition from private company to public via a traditional IPO.
TECHNOLOGY: Makes monitors for animal air travel
CalAmp Corp. has found a new target market for its tracking sensors: our furry friends.
The three major U.S. indexes all fell more than 1% in the first trading session after the Martin Luther King Jr. holiday, fueled by dips in energy and industrial stocks and ongoing global economic growth concerns.
TECHNOLOGY: Motion sensor headsets; driving stress detectors
For many companies trying to cut through the clutter, CES is as much about showcasing developing technologies than highlighting ones in use today.
Investor Cuts Stake; AI Firm Questions Credibility
Apis Capital Management has pulled its unsolicited $198 million cash offer for Costa Mesa-based Veritone Inc.
TECHNOLOGY: More than 100 presenters at Vegas show
More than 100 Orange County-based companies demonstrated their newest products last week at the world’s most prominent technology trade event.
Ingram Micro to Apollo?; $7.5B Asking Price
BlackBerry Ltd.’s pending $1.4 billion acquisition of Irvine-based security software maker Cylance Inc. has crossed its first hurdle.
Jimmy P Built Microsemi Into Computer Chip Giant
Jim Peterson, often known as “Jimmy P,” dressed in jeans and a black holiday shirt, with forearm tats exposed, is looking comfortable and relaxed these days.
The three major U.S. indexes all fell more than 1% in the intraday session following lowered guidance by Apple Inc. related to dampened iPhone sales this quarter and growing economic uncertainty in China.
TECHNOLOGY: HQ for startups shuts doors
Stuart Frost, founder of a San Juan Capistrano-based startup incubator that’s helped launch more than 20 tech-focused firms since 2010, was ordered to pay $16 million to investors after losing an arbitration case, the Business Journal has learned.
Same as it ever was: OC’s tech industry will continue to be affected by consolidation, a long-running theme here since coming out of the Great Recession.
OC Engineering Fair Set; HyperX’s Very Big Logo
Experian PLC is opening a DataLabs location in Singapore, the fourth location of its type that the company says helps businesses solve strategic marketing and risk-management problems through advanced data analysis.
Two blockbuster sales and the return of tech star Palmer Luckey grabbed big headlines in an overall strong year for OC’s diverse technology sector.
TECHNOLOGY: Apis Capital makes unsolicited bid
Apis Capital Management really likes Veritone Inc., to the point of offering to buy it at an 82% premium.
Broadcom Axes More Jobs; Clean Energy Hits Turkey
Netwrix Corp. has made its first acquisition under Chief Executive Steve Dickson, who took over the top post this past March at the Irvine-based security-focused business software maker.
The major U.S. indexes all fell more than 1% in another volatile trading session, fueled by economic concerns about China and Europe, and blue chippers like Johnson & Johnson, Adobe Inc., and Costco Wholesale Corp
TECHNOLOGY: Sees tracking potential in every new vehicle
Vehicle-location services provider Spireon Inc. found itself being tracked in the past year.
WDC Names Alexy; Irvine App for Inspectors
Executives at Arizona-based Microchip Technology Inc. are still blaming some of its corporate problems on the $10.3 billion acquisition in May of Microsemi Corp. in Aliso Viejo.
GAMING: Post Malone to promote products
HyperX is closing 2018 like a rock star.
The major indexes all fell today amid heightened recessionary fears, doubts on the U.S. trade agreement with China and an overall down day for tech stocks.
Automotive: Hyundai unveils flagship SUV
Orange County’s cadre of automakers revealed the global launches of several models and concept designs last week at the largest auto show on the West Coast.