Kevin Costelloe

Staff Reporter

Email: costelloe@ocbj.com
Phone: 949-833-8373 Extension: 225

Recent Stories

Midday Stock Roundup

Avid Bioservices Rises; Romeo Power Down

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Acacia Research Purchases Printronix for $33 Million

Says printer co. has ‘high potential’

Deal is an example of new corporate strategy as Acacia looks to acquire "undervalued businesses" in specific sectors

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Trace3 Sees Further Expansion, Growth Era Under New Owner

Exec Chairman Beecher: ‘Strong View of the Horizon’

Trace3 was sold to private equity firm American Securities LLC of New York by H.I.G. Capital of Miami, in a deal that was finalized on Oct. 15

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Romeo Power Brings 250+ Workers to OC

New Cypress HQ runs 215K SF

Orange County’s growing stature as an EV hub continues to grow with Romeo Power move; company expects further expansion

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RGP Introduces New Staffing Platform for Gig Economy

Accounting, Finance Consultants for Hire

Platform offers protection, certainty and service benefits of RGP’s employee-based model while retaining freedom and flexibility of growing gig economy

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Alteryx Acquires Lore IO

Silicon Valley maker of analytics platform

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Blizzard Says More Than 20 People Leave Company Amid Probes

Parent company faces allegations of sexual harassment, discrimination

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OC Unemployment Rate Will Keep Falling: CSUF

4.1% local jobless seen for next year

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Leading Edge Avionics Acquires Competitor

Creates largest avionics support network in SoCal

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RGP Introduces New Digital Staffing Platform

Irvine firm’s HUGO aids gig economy professionals

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Anduril Acquisition Adds to Sensor Offerings

Purchases MIT Lab Spinoff Copious Imaging

Wide-Area Infrared Sensing with Persistence technology adds key layer to Anduril’s existing AI-enabled detection, tracking and classification technology

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New Alteryx CEO Looks to Australia for 1st Acquisition

Adds more AI capabilities via Hyper Anna

Alteryx ended the second quarter with $547.6 million in annual recurring revenue, an increase of 27% year-over-year

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RazerCon Coming To Fire Up Gaming Fans

OC Remains Strong in Space For Gaming Companies

Video game products maker Razer looks to fire up its fans with an online program showing off hardware, software and services

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Romeo Power Moving to Cypress

Signs lease for 215,000-square-foot OC facility

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Midday Stock Roundup

Inari rises, MeridianLink down

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Lift as You Climb: Floyd Amuchie’s Motto for Helping Others

AEROSPACE: Helps Virgin Galactic aim for the stars

36-year-old Amuchie was awarded the Business Journal’s Rising Star Award as part of the CFO of the Year Awards event on Sept. 28

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Verys in Santa Ana Bought by West Monroe

OC’s 18th Largest Software Co. by Workers to Expand

Verys is the first announced major deal for West Monroe as they reported allocating some $250 million last month for acquisitions

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Chipmaker MaxLinear To Expand Irvine Operations

Company’s Q2 Revenue Up 215%

MaxLinear focused on expanding management and operations in its key Irvine hub as their Orange County presence continues to grow

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Alteryx Acquires Cloud Platform Hyper Anna

Australian firm will boost AI capabilities

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Midday Stock Roundup

Viant, Boot Barn among stocks gaining

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BAI Closes Mobilitie Acquisition

Newport Beach-based firm extends Australian company’s reach

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Liftoff: Terran Orbital Plans Big Boost to Irvine Hub

$300M Florida facility in works

Terran’s expansion comes as the demand for satellites grows from both government and commercial customers, and as the base of manufacturers shrinks

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Tower Says New Tech A Boon For Self-Driving Cars

Collaborates on New Chip ‘Breakthrough’

New technology will speed up the introduction of self-driving cars, while also finding future applications in robots and industrial production

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American Securities Buying Irvine’s Trace3

$1.4B IT firm has tripled revenue since ’17

Ownership set to change hands among out-of-town investment firms, bringing with it a hefty roster of more than 2,500 clients and annual revenue of $1.4 billion

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Clean Energy Providing Fuel For Hawaii-Bound Container Ships

Two New Pasha Hawaii Vessels Will Run on LNG

New step toward more environmentally friendly container shipping by supplying natural gas to fuel new vessels that will service Hawaii from Long Beach

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OC Business Execs’ Top Concern is Labor, Supply Shortages: CSUF

20% See Fed Interest Rate Rise by End of 2021

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Activision Blizzard Settles Gender Bias Suit for $18M

Blizzard Entertainment Parent Reaches EEOC Agreement

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Midday Stock Roundup

Netlist, Staar Down as Major Stock Indexes Fall

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H.I.G. Capital Announces Sale of Trace3

Irvine firm provides IT solutions, services

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Bluon Boosts Tools For HVAC Technicians

Buys XREF for Info On Replacement Parts

Bluon has taken another step in using tech to empower technicians who service heating, ventilation and air conditioning (HVAC) systems

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Frost Giant in New Digs; Expects More Financing

Dreamhaven’s Morhaime Boosts Firm to 50 Workers

Frost Giant Studios is the first tenant reported to date for Innovation Office Park, the new Irvine Co. office development

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West Monroe Buys Verys of Santa Ana

Will Boost Digital Product Engineering

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Blizzard Entertainment Parent Cooperates with SEC

Federal officials investigating employment practices

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Midday Stock Roundup

Indie Semiconductor, MeridianLink Rise

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HVAC Support Firm Bluon Buys XREF

Will integrate XREF Data

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Sustain SoCal Sees Bright Spots in OC Water Supplies

CEO Kitcher Cites Local Technology Use

Sustain SoCal held a webinar “Water Solutions 6” via Zoom on Aug. 26, drawing more than 100 participants, most of them from Orange County and Southern California

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Off to the Races With Alteryx, McLaren F1

Data Analytics Helps Rev Up Famed F1 Racing Team

Data analytics software from Alteryx is key to a whole array of business decisions and has been used from almost everything from helping to fight COVD-19 to analyzing retail supply chains

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Anduril Gets $5.2M U.K. Defense Contract

To demonstrate force protection tech

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Ducommun Sees Strength In Deal With Europe’s Airbus

Aerospace Firm’s Q2 Revenue Up Almost 9% to $160M

Ducommun recently announced that it has been selected as an Airbus Detail Parts Partner and was awarded a five-year contract to provide key products for that company’s A320 and A330 planes

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Family the Glue for Brazing Co. Thermal-Vac

TECHNOLOGY: Work on Mars rover, space shuttles

Family-business counts 61 employees across three locations with more than 25% of the workforce being related to one another in some way

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Fullerton Media Outlets Expand to New Channels

Fiber Optic Project Among Several Notable OC Projects

Fullerton has stepped up its tech moves to get more civic information out to local residents by launching channels on Roku, Amazon Fire TV and Apple TV

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OC Aerospace, Defense Companies Trim Headcount

Boeing, Panasonic Fall; Anduril Up to 400 OC Workers

Despite COVID numbers and fear of air travel, commercial airplane makers and their suppliers are expecting an industry upturn

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GameChanger Helps Kids During Treatment

TECHNOLOGY: $20M raised; licencing considered

GameChanger Private Network is accessible anywhere in the participating hospitals and provides songs, games and live streaming from popular content creators

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Midday Stock Roundup

Vizio rises; Alignment Healthcare drops

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Rollup Company on a Roll: L Squared’s GWS Buys Again

Seeks Consolidation In Cutting Tool Sector

Investment firm L Squared Capital Partners in Newport Beach has taken another step in its consolidation of the cutting tools sector

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Moving iMage in Fountain Valley Sees Movie Turnaround

Company Went Public In July; $34M Market Cap

Sales, marketing and acquisitions planned for Moving iMage Technologies as the cinema industry continues to recover from pandemic woes

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Western Digital in Advanced Talks to Merge With Kioxia: WSJ

$20 Billion-Plus Deal Seen Possible

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Midday Stock Roundup

Indie Semiconductor rises, Oncocyte falls

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Computer Tips From UCI’s Cybersecurity Institute

Ways to Protect Your Work and Home Computer

While a return to the office will solve some notable cybersecurity problems, other issues remain

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Employment at Telecommunications Firms Drops 3%

Verizon, T-Mobile Top List; Mobilitie Dips to No. 8

Employee headcount for the area’s 18 largest wireless and other telecommunications companies dropped 3% this year

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