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THQ To Cut 240 Employees

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Agoura-based THQ said Thursday that it is chopping 240 jobs as part of a "realignment" of its organization, as it exits the kids licensed video game market. THQ said the cuts would save the firm approximately $160M annually between general and administrative costs and product development. READ MORE>>.

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Caldera Medical Gets Grant

socalTECH

Agoura Hills-based Caldera Medical , a developer of medical devices for the gynecology, urology and urogynecology markets, said this week that it has received two grants worth a total of $488,958 from the U.S. Department of the Treasury.

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DTS In Strategic Alliance

socalTECH

Agoura Hills-based DTS Digital Cinema disclosed this morning that it is in a strategic alliance to co-brand products along with Qube Cinema. The firm, which develops surround sound audio technology, said that the two firms will develop and market "numerous" digital cinema products.

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Symark Creates Services Division

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Agoura Hills-based Symark , a developer of identity management and access software, said Thursday that the firm is launching a new division focused on professional services. The firm said the new service will help to reduce the risks associated with new deployment of its products.

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THQ To Lay Off 600

socalTECH

Agoura Hills-based THQ , a developer and publisher of video games, said Wednesday that it is making "additional cost reduction actions" which includes the layoff of approximately 600 people, or 24 percent of the company's workforce. THQ said the move was a response to the continuing uncertainty in the market.

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Interview with Lior Elazary, Invia Robotics

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Our interview this morning is with Lior Elazary , co-founder and CEO of Agoura-based Invia Robotics (www.inviarobotics.com), who tells us how the company is hoping to make automation and robotics available to even mid-sized e-commerce operators. Lior Elazary: We started at USC, working on various robotics related products.