Western Digital Completes Sale Of Factory
Lake Forest-based Western Digital has completed sale of one of its factories in Malaysia, according to buyer Hitachi GST. Hitachi Global Storage Technologies said it has completed its acquisition of a substrate manufacturing facility in Sarawak, Malaysia, which produces aluminum substrates used in hard disk drives. WD said it would sell the facility on May 20th, as part of an effort to adjust its
Thursday, July 2, 2009
WebVisible: Business Is Thriving
Irvine-based WebVisible, the local online advertising startup backed by Redpoint Ventures and Sutter Hill Ventures, says that it has "thrived," in the first half of the year, despite the current economy. The firm said today that it has "nearly tripled" its sales from 2008 during the first six months of the year, and is expected to post an almost 155 percent year-over-year revenue growth. The firm
Wednesday, July 1, 2009
Vangard Voice Signs Enterprise Application Firm
Irvine-based Vangard Voice Systems, which develops technology used for voice-enabled applications, reported this week that it has partnered with Stratix Corporation, a developer of mobile enterprise applications. According to Vangard, Stratix will use the firm's voice technology in developing voice-driven applications for its enterprise customers. Financial impact of the deal was not disclosed. Va
Wednesday, July 1, 2009
Altura Buys Voice and Data Provider
Altura Communication Solutions, a Fullerton-based provider of voice and data communication services, announced Tuesday that it has acquired NetVersant Solutions LLC's Avaya business unit. Financial terms of the deal were not disclosed. Headquartered in Everett, Wash., NetVersant offers sales, support and consulting services to enterprise customers in the area of unified communications and business
Wednesday, July 1, 2009
Local.com Gets $10M In Credit Facility
Irvine-based local search site Local.com reports this morning that the firm has scored a $10M, revolving line of credit from Square 1 Bank. According to Local.com, it will use the funding for potential acquisitions and to fund strategic growth initiatives. Local.com operates a local search site and network of site providing information about local businesses.
Tuesday, June 30, 2009
Broadcom Bumps Offer For Emulex To $912M
Irvine-based Broadcom said late Monday that it has raised its bid for Emulex Corp. from $9.25 a share to $11.00 per share in cash. The new offer boosts the value of Broadcom's hostile bid for Emulex to $912M, up from $764M that the firm had offered previously. In a statement, Broadcom said the offer was the "best offer" it intends to make, and that if it is unable to complete its acquisition, it w
Monday, June 29, 2009
HireRight Expands Services
Irvine-based HireRight, a provider of online, employment screening services and software, announced this morning that the firm has upgraded its HireRight Enterprise offering. According to HireRight, the software now supports country-specific logic to handle employment screening in different countries, complying with regulations in those countries, in addition to expanded tracking of applicants' jo
Monday, June 29, 2009
QLogic Snags VP From DataDirect
Aliso Viejo-based networking equipment maker QLogic, reported Tuesday that it has hired Martin Darling as vice president of Asia Pacific and Japan Sales. QLogic said Darling will be based in Singapore and will report to Scott Genereux, the company's senior vice president of worldwide sales and marketing. Prior to joining QLogic, Darling worked as vice president and general manager of Asia Pacific
Wednesday, June 24, 2009
eGuardian Partners With Education Firm
Irvine-based eGuardian, a provider of service aimed at protecting children on the web, has partnered with safety education firm i-SAFE, according to investor the Tech Coast Angels. eGuardian develops technology for verifying the age, gender, and location of children on web sites. i-SAFE is a nonprofit which educates consumers about Internet safety. As part of the deal, i-SAFE will offer eGuardian'
Wednesday, June 24, 2009
Local.com Gets Win In Dallas
Irvine-based Local.com reports this morning that the firm has scored a win with the Dallas Morning News, the newspaper owned by A.H. Belo Corporation. According to Local.com, it will power the local search function on the Dallas Morning News' site. The new search function includes a directory of local services in the Dallas/Fort Worth MSA, plus the ability for companies to place their own sponsore
Wednesday, June 24, 2009
