Chris Casacchia covers technology, aerospace and defense and sports. He can be reached at firstname.lastname@example.org.
Phone: 949-833-8373 Extension: 225
Esportz Network Will Focus on Gaming News
Orange County’s esports hub has another player.
$100 Phones for Sale
TCL Communication Technology Holdings Ltd., which has U.S. headquarters in Irvine, has inked its first deal with Verizon Wireless to distribute its Alcatel brand of smartphones.
Luckey Vouches for New Oculus Quest Product
Closely watched defense contractor Anduril Industries has endorsed another technology-related company, while the Irvine-based firm’s founder, Palmer Luckey, has given the thumbs-up on his old firm’s latest virtual reality headset product.
Marvell, Microchip, And Skyworks See Big Gains
The largest chipmakers in Orange County boosted local employment significantly in the past 12 months, buoyed by big takeovers amid ongoing global consolidation.
No Database Breach, Company Says
Customers of Newport Beach-based Chipotle Mexican Grill Inc. (NYSE: CMG) said their online and app accounts were hacked in the last month or so, and are posting on forums like Reddit to complain.
WD Cuts in Irvine, While ViewSonic Doubles Size
Last year, Orange County’s consumer electronics sector was marked by mergers and acquisitions, relocations and other major corporate developments.
TECHNOLOGY: $500M+ from ‘Overwatch,’ other leagues
Blizzard Entertainment Inc. continues to bring in big league sponsors and deep-pocketed investors for its fledgling esports league, although questions remain about the health of the Irvine-based video game giant’s core business.
7,500-SF Irvine Spot Highlights Digital Displays
The world’s largest consumer electronics maker, Samsung Electronics Co., is looking to boost its commercial business in the Western U.S., and it’s using a site near John Wayne Airport as its base for those efforts.
TECHNOLOGY: Inuvo voting $75M deal this week
This week promises to be a busy one for ConversionPoint Holdings Inc., in its bid to be Orange County’s first company to go public this year.
All major U.S. indexes fell more than 1% in midday trading amid heightened concerns of a looming U.S. trade war with China pressed by President Donald Trump.
TECHNOLOGY: Still may reach 30% growth
A possible key customer loss and a revenue projection lower than a prior year have zapped some mojo from Cylance Inc. in the wake of its $1.4 billion sale to BlackBerry Ltd.
N.C.-based ApexSQL Counts 80 Employees
Aliso Viejo-based Quest Software Inc. has boosted its global database services with its first reported acquisition of the year.
Aims for EV Batteries To Power Up in 5 Minutes
Enevate Corp.’s new corporate strategy has caught the attention of another foreign investor.
OC’s Latest Chipmaker: High on AI Applications, Low on Energy Use
Irvine semiconductor maker Syntiant Corp. has put its first batch of chips into limited production, another milestone for the closely-watched startup.
Newport Beach-based investment firms Bellwether Financial Group and Nadavon Capital Partners made a $20 million equity investment in business software maker Club Speed Inc.
TECHNOLOGY: $111M Raised Since ’08 Start
A $48 million funding round co-led by a local investor and a Wall Street powerhouse will fuel ongoing innovation at project management software maker Mavenlink Inc.—and more speculation on the next steps in the fast-growing firm’s evolution.
It’s minutes after tip-off in a late-season hoops matchup between the Golden State Warriors and Charlotte Hornets.
CalAmp Corp. has acquired Synovia Solutions LLC for $50 million to expand its subscription services, the Irvine-based company said today.
Surf City ‘Satlet’ Co. Launches Gov’t Satellite
Rocket Lab launched its first satellite this year, in what’s shaping up to be an eventful 2019 for the Huntington Beach-based aerospace manufacturer and small-satellite or “smallsat” launcher.
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.
Ex-Microsemi President Pickle Tapped for Post
Wall Street and at least one notable area investor have signaled approval of Lantronix Inc.’s new chief executive Paul Pickle.
TECHNOLOGY: Cloud-based services prompt growth
Industry consolidation in the corporate dentistry sector, and a growing reliance by those firms on cloud-based software services, is leading to more growth for Newport Beach-based Planet DDS.
LAW: Vizio’s GC fights patent ‘shake downs’
Vizio Inc. has amassed dozens of patent litigation victories over the past five years, highlighting the maker of smart TVs, sound bars and other digital entertainment products’ expertise in dismissing claims, and upholding the validity of its own patents, in an era of high-stakes intellectual property law.
Sees Big Opportunity With Gov’t Agencies
Veritone Inc.’s artificial intelligence offerings are now available for the U.S. government.
Follows Year-Long Effort To Streamline Operations
Smith Micro Software Inc. shares are on an upswing after the Aliso Viejo-based company reported revenue and profit growth in the fourth quarter and full year.
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.
TECHNOLOGY: UK, Mexico deals; shifts subscribership model
Telematics specialist CalAmp Corp. is starting 2019 on an international buying spree.
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.
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.
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.
TECHNOLOGY: Follows HQ move, $105M funding round
Acorns Grow Inc. has quickly sprouted another microinvesting product.
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.
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.