Friday, July 1, 2016
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MaxLinear Completes Acquisition Of Broadcom Unit
Carlsbad-based MaxLinear announced late Friday that it has completed its acquisition of Irvine-based Broadcom's wireless infrastructure backhaul business. The deal was worth $80M in cash, and had been announced earlier in the year. The company said the acquisition will help it expand into the wireless infrastructure market. MaxLinear is a provider of radio frequency and mixed signal integrated circuits, used across a wide range of communications markets. The deal had originally been announced in (More info...)

posted on Friday, July 1, 2016(Full story)

Hyperloop One CTO BamBrogan Leaves Company
Brogan BamBrogan, co-founder and CTO of high flying, Los Angeles transportation startup Hyperloop One, has apparently left the company, in what looks to be a major shakeout at the company. Josh Giegel, the senior Vice President of Engineering at Hyperloop One, is taking over the CTO role. A report from Recode says the move is related the the departure and removal of Chief Legal Officer Afshin Pishevar, who is the brother of co-founder and chairman Shervin Pishevar. Hyperloop One is one of the c (More info...)

posted on Friday, July 1, 2016(Full story)

Cylance Adds Citi Ventures To $100M Series D
Irvine-based Cylance said on Thursday that it has added strategic investor Citi Ventures, to the list of its investors in its recently announced, $100M Series D funding. Citi joins Insight Venture Partners and Blackstone Tactical Opportunities in the big funding round. Cylance, led by cybersecurity veteran Stuard McClure, is using artificial intelligence to predict, identify, and stop malware and other threats to both enterprise and personal computers. McClure was the founder of Foundstone, and (More info...)

posted on Friday, July 1, 2016(Full story)

Belkin Opens First Bricks-and-Mortar Store, At LAX
Marina Del Rey-based consumer electronics accessory maker Belkin says it has opened up its first ever, bricks-and-mortar store, located a LAX Airport in Terminal 6. Belkin said the new store--being run in conjunction with airport concessionaire Huddson Group--will offer up its tablet and smartphone accessories, including chargers, cables, screen protectors, and more. Belkin said the Terminal 6 store comes as part of a broader remodeling of that terminal at LAX this year, and opened in May.

posted on Friday, July 1, 2016(Full story)

Wpromote Opens Up New Office In San Francisco
Los Angeles-based Wpromote, the provider of digital marketing services to brands and companies, says it has opened up a new office in San Francisco. According to the company, the office is the third for the company, which is headquartered in El Segundo and also has an office in Chicago. WPromote offers up search engine, mobile, and social marketing for such clients as Papyrus, Zenni Optical, Z Gallerie and Xero. The company said the expansion specifically will target expansion in the healthcare (More info...)

posted on Friday, July 1, 2016(Full story)

Geni Signs Up For DNA Testing
Burbank-based family tree software developer Geni--which is now part of MyHeritage--said late Thursday afternoon that it has added DNA testing to its service, letting its users test their DNA for a more accurate family tree. According to Geni, the addition of DNA testing will help by "separating fact from fiction" and let users confirm if, indeed, family relationships are what they seem. Geni also said it would use the DNA results to help for matching previously unknown relatives. Geni said it w (More info...)

posted on Friday, July 1, 2016(Full story)

Alorica Acquires Expert Global Solutions
Irvine-based business outsourcing provider Alorica said Thursday that it has acquired Expert Global Solutions, Inc., a provider of outsourced, customer service and financial collections services. EGS was based in Plano, Texas. Financial terms of the deal were not announced, however, Alorica said the acquisition will push the company to a projected $2.4 billion in 2016 revenues, with 48,000 employees in the U.S., 28,500 in the Philippines and 13,000 in Latin America. Alorica says it now has a tot (More info...)

posted on Friday, July 1, 2016(Full story)

Motor Trend OnDemand Debuts On Xbox
Motor Trend OnDemand, the video-on-demand service run by Los Angeles-based TEN: The Enthusiast Network, has made its debut on Xbox One and Xbox 360, according to TEN. The service was already available on iPhone, iPad, Apple TV, Roku, Android devices, plus the web. TEN, which is led by Scott Dickey, said the service features more than 1,500 hours of original and live content, plus real time racing event access. TEN owns the Motor Trend, Hot Rod, Surfer, GRINDTV, and several other publications and (More info...)

posted on Friday, July 1, 2016(Full story)

Ignyta Raises $42M In Term Loan
San Diego-based precision medicine developer Ignyta said Thursday afternoon that it has secured a new, $42M term loan facility. The loan came from Silicon Valley Bank and Oxford Finance. The company said the loan has an interest rate of Prime + 4.35%, and that the company has interest only payments for twenty-four months, followed by an amortization period of thirty-six months. According to the company, it has initially drawn on $32M of that loan, with "substantially all" of that loan going to r (More info...)

posted on Friday, July 1, 2016(Full story)

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