David Goren, a member of the management team that pushed Microsemi Corp.’s revenue up to $2 billion prior to its sale last year, and a confidant of that company’s former chief executive, has rejoined former colleague Paul Pickle, in a senior role at Irvine-based networking products maker Lantronix Inc. (Nasdaq: LTRX).
Goren will serve as the vice president of legal and business affairs, Lantronix said in a statement last week.
The company’s shares have jumped about 33% since March 25 when it announced the appointment of Pickle as chief executive. The company is valued at about $80 million.
Pickle was previously chief operating officer at semiconductor company Microsemi, when it was based in Aliso Viejo.
“David’s enthusiasm and extensive industry knowledge will undoubtedly make a significant impact at Lantronix as we execute our vision,’’ Pickle said in a statement last week announcing the appointment.
Goren said he is looking forward to helping the company “in its next phase of growth.”
Lantronix had 147 full-time employees as of last July, the company said in its annual report. The company is a global provider of secure data access and management products for Internet of Things, or IoT, where machines like vending machines are connected to the internet for remote monitoring and control.
Goren also played a key role in executing Microsemi’s acquisition strategy while building compliance programs and a legal department. He led Microsemi’s intellectual property strategy as senior vice president of business affairs, legal and compliance.
Microsemi was acquired by Microchip Technology Inc. in May 2018 for $10.3 billion.
Former Microsemi Chief Executive Jim Peterson, known in local business circles as “Jimmy P,” began his own private equity firm, the Peterson Capital Group, which last year made a 6.5% investment in Lantronix.
Goren is a co-founder of Peterson Capital Group.