Kevin Costelloe

Staff Reporter

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

Recent Stories

Midday Stock Roundup

Indexes mostly lower on concerns over slow vaccine rollout

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OC Cos. Show Their Wares Virtually at CES

TECH: 5G, computerized contacts; gaming masks

OC companies used a new virtual format to show their wares at the online CES 2021 show, after the coronavirus made the usual in-person Las Vegas extravaganza impossible to hold in person

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Millennials Seeking Homes, Mortgages Boost Cloudvirga

Revenue Doubled in ’20; More in Store for 2021

Irvine-based Cloudvirga, a fast-growing mortgage software company, said its revenue doubled last year and it expects similar growth in 2021, spurred on by millennials and other first-time homebuyers

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Infinite Electronics Adds Networking Co. to Fold

CEO Cotner Sees Strong Start to Year

Irvine-based Infinite Electronics Inc., a global supplier of electronic components for wired and wireless communications networks, has expanded its family of brands as the company got off to a strong start for this year

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Viant Sees Boom in Digital Ad Market

SOFTWARE: Ad tech firm files for $150M IPO

Irvine’s Viant Technology Inc., advertising software company known for purchasing Myspace.com, plans to go public in the booming digital ad market

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CalAmp, Localiza of Brazil in Partnership

Multi-year deal for connected vehicle tech

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Macquarie to Invest in esVolta in Aliso Viejo

Will support North American expansion

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Allied Esports Selling World Poker Tour

Deal worth $78.3 million; esports business sale weighed

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Midday Stock Roundup

Indexes rise on Yellen testimony, Goldman earnings

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UCI Cybersecurity Group To Help Counter Threats

Cunningham Sees ‘Bleak’ Outlook as Dangers Mount

With cybersecurity taking on even greater prominence, the Cybersecurity Policy & Research Institute at the University of California, Irvine will be undertaking several initiatives to analyze and help counter increasingly dangerous computer threats.

Kingston Goes Digital During CES Event

TECHNOLOGY: Gaming venue sponsorship renewed

Kingston Technology doesn’t just know how to make computer storage and memory products.

AI Amplified in OC; Alteryx, Veritone Partner

Costa Mesa Firm’s Stock Sees Resurgence

Veritone Inc. Chief Executive Chad Steelberg believes his artificial intelligence company’s recently announced partnership with Alteryx Inc. is a step towards making Orange County an AI powerhouse.

Viant Files for Proposed $150M IPO

Number of shares, price not yet determined

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Alteryx, Snowflake Form Partnership

Will automate analytics and data science in the cloud

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HyperX, Allied Esports Renew Arena Deal

Gaming event site located in Las Vegas

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Cloudvirga Says Revenue Doubled Last Year

Sees record year in 2021

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Chip Company Syntiant Passes 10 Million Unit Milestone

Ships NDP100 and NDP101 processors to global customers

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Midday Stock Roundup

Major indexes slip amid impeachment uncertainty

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HyperX Presents Two New Gamer Products on CES First Day

Giant CES tech show goes online due to coronavirus

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Veritone, Alteryx in AI Partnership

Deal integrates Veritone’s aiWARE with Alteryx platform

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Panasonic Avionics Sees AI Taking Off in Airlines

Passenger Satisfaction And Revenue Generation

Lake Forest-based Panasonic Avionics Corp. sees growing role for AI in struggling airline industry

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Indie Semiconductor Aims Big With SPAC Listing

CHIPMAKERS: Auto-focused firm expects $1.4B valuation

Indie Semiconductor in Aliso Viejo plans to go public at a valuation of about $1.4 billion, as it seeks a larger piece of the growing automotive technology market.

Hear This: Syntiant Intros Next-Gen Chip

TECHNOLOGY: CEO expects ‘significant’ ’21 revenue

Irvine chip technology company Syntiant Corp. has added a second-generation AI processor, aims for a significant revenue increase in 2021

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Ephesoft, JIFFY.ai Link For Mortgages, Financial Services

‘HyperApp’ to Accelerate Loan Document Processing

Irvine-based software developer Ephesoft Inc. and automation technology company JIFFY.ai in Milpitas have teamed up to promote digital change in the financial services and mortgage industries

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Syntiant Introduces 2nd-Generation Chip

Company expects significant revenue this year: CEO

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Midday Stock Roundup

Clean Energy Fuels, Ensign Group gain

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Cybersecurity Firm Netwrix Takes Over Stealthbits

Netwrix CEO Dickson will run the combined company

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Alteryx Shares Fall After Company Updates 4Q Estimate

Dean Darwin new revenue chief

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EV Infrastructure Looks for National Growth After Purchase

White Deer Buys Costa Mesa Electric Charging Station Firm

EV Infrastructure in Costa Mesa says it’s looking forward to increasing its presence in existing markets and expanding within the U.S. with its electric vehicle charging stations, following its acquisition by Houston-based White Deer Energy.

Kingston Duo’s Good Fortune Continues

TECH: Sun, Tu see revenues top $13B

The way Kingston Technology co-founder David Sun tells it, the giant computer storage and memory products maker in Fountain Valley traces its roots to a fortune teller in Taiwan more than 30 years ago.

Cosemi Lands $8M in Funding from Japan

Optical Cables Increasingly in Demand, Says CEO

Cosemi Technologies Inc., an Irvine-based maker of high-speed active optical cables, said it plans to accelerate growth and address market opportunities after obtaining $8 million in a financing round led by Nitto Denko Corp. of Japan.

OC Firms’ Optimism Slips For Start of 2021: CSUF

ECONOMY: Views differ on timing of recovery

Cal State University of Fullerton economists report OC executives' economic outlook remains optimistic into 2021, though sentiment is not as positive as three months ago

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Midday Stock Roundup

Major indexes lower; Clean Energy, STAAR Surgical fall

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OC Business Outlook Falls: CSUF

First decline since start of coronavirus pandemic

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Midday Stock Roundup

Shares mixed on virus relief, U.K. worries

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Clean Energy Fuels, Total in Joint Venture

Plan to develop additional carbon-negative fuel and infrastructure

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Solid Comeback for OC in 2021: Chapman

ECONOMY: Lag for higher-paying jobs

Orange County employment will make a strong comeback in 2021, while home building will pick up along with tourism and hospitality; higher-paying jobs remains challenge for the region

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Ingram Micro’s Monié Sees Organic, M&A Growth

CEO Outlines Future Plans After Sale by HNA

Alain Monié, chief executive of wholesale technology distributor Ingram Micro in Irvine, has given some insights into the company’s way forward under its new U.S. owner, Platinum Equity of Los Angeles.

Mirion’s Tech’s Irvine Division Adds German Firm to Fold

NASA Among Customers For Radiation Monitoring

Mirion Technologies Inc.’s Irvine-based division, a manufacturer of personal radiation monitoring devices widely used by healthcare clinicians, power plants, the military, government agencies, and most notably NASA will expand its offerings with the acquisition of German firm Dosimetrics.

U.S. Economy to Expand 5.7% Next Year: Chapman

OC employment will pick up in 2021

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Midday Stock Roundup

OncoCyte jumps on China deal

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Big Tech’s Reluctance for Military Work Boosts Anduril

DEFENSE: Luckey questions role of China on U.S. firms

Anduril Industries founder Palmer Luckey says big tech companies steer clear of U.S. military innovation projects due to a wariness of China coupled with financial and PR reasons.

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Ingram Micro Ownership Returning to U.S. Hands

TECHNOLOGY: $7.2B sale marks 20% premium from 2016

Platinum Equity agreed to acquire Orange County’s largest tech firm Ingram Micro in a deal valued at $7.2B; deal reported to be this year's biggest disposal by a Chinese company

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Cybersecurity Threats to Grow in ‘21, Says Netwrix

Ransomware Risks at Top of Year-End List

Irvine-based cybersecurity firm Netwrix predicts worse threats in 2021.

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Sustain SoCal Sees Boom in Clean Tech

Energy, Transportation, Water Among Key Goals

Sustain SoCal President Scott Kitcher points to growing investor numbers to demonstrate the increasing importance of clean technology.

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Midday Stock Roundup

Indexes up on stimulus prospects

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Iteris Buys TrafficCast in Wisconsin

Madison-based firm provides travel information tech, applications

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Veritone’s $63.8 Million Upsized Stock Offering Closes

Shares priced at $18.50 apiece

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Big Tech Firms Avoiding U.S. Defense Work Due to China, Luckey says

Also challenges employee concerns as reasons for reluctance to military

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Analyst: AI-Focused Veritone ‘Hitting Stride’

Market Cap Boost After Nvidia Deal

Costa Mesa-based artificial intelligence company Veritone Inc. is projecting its upward trend will continue next year

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