Chris Casacchia covers technology, aerospace and defense and sports. He can be reached at email@example.com.
Phone: 949-833-8373 Extension: 225
STARTUPS: Cloudvirga pledges OC’s growing fintech fraternity
Irvine-based startup Cloudvirga Inc. has attracted big-name customers and backers as it aims to modernize a mortgage industry steeped in manual processes more than a decade old.
Revenue Rises Over 40%, Mostly on Media Business
Veritone Inc.’s latest quarterly report produced a mixed bag of results for the wildly traded Costa Mesa company trying to crack into the booming but highly speculative artificial intelligence market.
TECHNOLOGY: Raise $5M, plan new VC round with big backer
An Irvine-based startup led by former Broadcom, Mindspeed Technologies and Lantronix Inc. executives has emerged with backing from the world’s largest chipmaker and its first deal.
Irvine startup Cloudvirga today announced it closed a $50 million Series C funding round led by private-equity firm Riverwood Capital in Menlo Park.
Modest Job Gains As Microsemi Sale Looms
This year’s roundup of Orange County’s largest chipmakers is defined by the deals that got done and the one that got away.
Early Returns on Major Moves At Big Three Coming Soon
The largest consumer electronics makers in Orange County shrank payrolls slightly compared to last year.
Shares of Clean Energy Fuels Corp. surged after the Newport Beach company said it received an investment and launched a new leasing program for natural gas heavy duty trucks.
Analytics software maker Alteryx reported first quarter revenue and operating income that beat Wall Street expectations.
Post Shows He’s Ready For Next Challenge
Olloclip founder Patrick O’Neill has left the Huntington Beach company he established in 2011, a company that brought consumers quality attachable lenses to improve smartphone photos.
TECHNOLOGY: NY buyout house merges OC firm, 3 more
A Lake Forest security services provider is gaining global resources and deep pockets as a result of a four-company merger led by private equity firm The Riverside Co.
Presales for Blizzard Entertainment Inc.’s next World of Warcraft expansion helped boost revenue in the first quarter, though operating income decreased as it rolled out new business lines.
Kingston Player In New Esports Arena
Las Vegas, built on gambling and embellished with rock-star residencies, Broadway musicals, magic acts, adult entertainment and exclusive nightclubs, has a new game in town with a different demographic.
SPORTS: AVP event to host overseas and US teams
The Association of Volleyball Professionals will open its season this week in Huntington Beach with international flair.
Opens OC Outpost Of Small-Classes Concept
Engineer-turned-entrepreneur Jim Shen is bringing an educational concept developed in Silicon Valley to Orange County.
CalAmp Corp. (Nasdaq: CAMP) topped Wall Street estimates in revenue and operating income in the February quarter, reporting after the market closed.
Santa Ana-based Ducommun Inc. (NYSE: DCO) has acquired Certified Thermoplastics Co. LLC for $30.5 million.
$11.7M to Software Maker That Saves Firms Money
Serial entrepreneur Tracy Price has been running down a dream for more than two decades.
$199 Passes Sell Fast; Virtual Versions an Option
Irvine-based Blizzard Entertainment Inc. will hold its annual fanfest Nov. 2 and 3 at the Anaheim Convention Center.
‘$900M on High End,’ Says Founder
App developer Titan Health & Security Technologies Inc.’s new contract with a global security services firm has propelled the Newport Beach-based startup into the nation’s upper tier of emergency communication providers.
Big Shareholder Cries Foul, Cites Skills Dearth
Acacia Research Corp. has appointed two additional independent directors to its board, much to the consternation of one of its largest shareholders, which has pressed the Newport Beach-based company to replace its chairman and another board member.
Surf City Unicorn Aims to Scale Space
Huntington Beach-based Rocket Lab will open a 14-day window this week on its first commercial orbital launch.
Meets Worker Shortfall Challenge as Work Builds
Kathryn Brewer is charting the next leg of growth for Leading Edge Avionics.
The value of the Los Angeles Angels of Anaheim rose 3% in the past year to $1.8 billion, according to Forbes’ latest annual estimates.
$5B Rollup Included Homegrown Telogis
The long-awaited integration of Verizon Communications Inc.’s telematics unit, which featured a key acquisition in Orange County, is complete.
Mass-Emails Specialist Triples Its OC Space
Denver-based SendGrid spent more than a year designing its new 22,000-square-foot office at 400 Spectrum Center in Irvine.
New York Investors Don’t Buy New Business Strategy
One of Acacia Research Corp.’s largest shareholders is waging a proxy battle to oust the company’s chairman and another director up for re-election.
10-K Also Lays Out Customer-Base Diversity
The financial terms of Alteryx Inc.’s two acquisitions last year were among the disclosures included in the recent 10-K filing by the Irvine-based analytics software maker.
His Hybrid Firm’s Teams Breed, Grow Ideas Together
Anderee Berengian has developed a unique business model at Cie Digital Labs for employees and the companies they help fund and grow.
OC Voter Agency Works With State, Feds on Efforts
Orange County’s congressional districts will have some of the most hotly contested primaries in the nation—in cyberwarfare.
Lawyer Leveraged Scary Incident Into Lifesavers
Software engineers at Newport Beach-based startup Titan Health & Security Technologies Inc. are developing two mobile features to improve communication and geolocation for its patented Next Gen 911 app system.
Feds’ Disapproval Based On Overseas Concerns
President Donald Trump’s presidential order blocking Broadcom Ltd.’s attempted hostile takeover of rival Qualcomm Inc. marks the second time in less than three years that the federal government has intervened to halt a transaction with deep ramifications in Orange County.
As It Pursues Energy’s Holy Grail, TAE Seeks to Market Decades of R&D
TAE Technologies Inc., one of Orange County’s most funded and promising technology companies, has launched its first commercial application through a newly formed subsidiary.
Newport Beach-based Clean Energy Fuels Corp. in the fourth quarter recorded a steep sales drop and wider losses.
President Donald Trump scuttled Broadcom Ltd.’s attempted hostile takeover of rival Qualcomm Inc., signing a presidential order Monday prohibiting the bid due to national security concerns, according to news reports.
Hoag Memorial Hospital Presbyterian in Newport Beach has assumed the title sponsorship of Orange County’s only PGA Tour event, renaming it the Hoag Classic.
Deal After Deal While Bleeding Orange
Jim Peterson’s 31st deal at the helm of Microsemi Corp. will likely be his last, cementing a legacy that extends well beyond Orange County’s business community.
Veritone Shares Dive In ‘Revolution’s First Inning’
Veritone Inc.’s fourth-quarter results were as volatile as the company’s roller coaster ride on Wall Street in its first year as a public company.
Teams With Microsoft on Smart Glasses
Toshiba America Information Systems Inc. has launched a smart-glass, augmented-reality PC for enterprise customers in its first technological breakthrough in years.
Thirteen members of the Business Journal’s annual OC’s Wealthiest report made this year’s Forbes list of global billionaires.
Broadcom Corp. co-founder Henry Nicholas is donating $40,000 to ensure the men and women crew teams at University of California-Irvine will participate in the 2018 American Collegiate Rowing Association National Championship Regatta in May in Georgia.
Champions Tour Event in Newport Back With Best Lineup, Exposure
When Toshiba Classic Week begins Monday, it will mark the end of two eras.
HyperX, With Gaming’s Help, Speeds to Milestones
The gaming unit of Kingston Technology Inc. has hit another milestone in headset sales.
Aliso Viejo-based Microsemi Corp. is in “advanced talks” on a potential sale to Microchip Technology Inc., according to a Wall Street Journal report.
Monie Says Packaged Vertical Offerings a Driver
Count the chief executive of the world’s largest technology products distributor among the throngs of blockchain skeptics.
Alteryx’ Rubin Managed IPO, Acquisition, Global Expansion
About a month before Alteryx Inc. filed its March 2017 initial public offering, Chief Financial Officer Kevin Rubin was on a flight to the Czech Republic with Chief Executive Dean Stoecker to hammer out a deal to acquire metadata management and oversight specialist Semanta.
Award Makes Statement About His 35 Years
Todd Schull’s 35-year career as a top finance executive crisscrossed the nation.
Shares of Universal Electronics Inc. are up 25% in afternoon trading to a market value of about $784 million, with shares moving about three times higher than the average.
Irvine-based Alteryx Inc. reported fourth quarter revenue and operating income that topped Wall Street expectations, with shares trading 17% higher after the release of the results.
CEO Says ‘Almost Like Back to the Future’
Kofax Inc. is back in the buying business under the more stable footing of Chicago-based private equity parent Thoma Bravo.
HNA Group in Cash Crunch; Debt Going Up
The ongoing financial troubles of HNA Group won’t affect operations of Ingram Micro Inc., the company told the Business Journal.