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MRV Names New VP Sales

socalTECH

Chatsworth-based MRV Communications , which develops optical communications and packet communications hardware, announced this morning that it has named Scott St. John as its new Senior Vice President of Sales for its Optical Communications System division. Johns will head up sales operations and service for the company.

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MRV Names Sales, Marketing VP

socalTECH

Chatsworth-based MRV Communications , the developer of optical communications and networking equipment, said today that it has name David Stehlin as Senior Vice President of Sales and Marketing of its Optical Communications System Division.

Sales 185
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DataDirect Networks Expands In Paris, Claims Growth

socalTECH

DataDirect Networks , the data storage systems developer which has significant operations in Chatsworth, reports that it is opening up a new technology center in Paris. The company said that, due to the sales growth, it has expanded its overall headcount by 20 percent since Q1. DDN is led by Alex Bouzari. READ MORE>>.

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MRV Communications Sells Avionics Systems Unit

socalTECH

Chatsworth-based MRV Communications , which manufactures optical networking components, reported Wednesday afternoon that it has executed a definitive agreement with a group of European private equity firms, led by Vinci Capital SA, to sell its Creative Electronic Systems SA. MRV said the deal is worth approximately $24.6M.

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Logicube Buys IP Rights From Partner

socalTECH

Chatsworth-based Logicube , a developer of hard drive duplication and electronic forensics products, announced this morning that it has acquired the intellectual property behind its CellDEK technology. Financial terms of the acquisition were not disclosed.

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Kinetic Traction Systems, With VC Backing, Takes On Mass Transit Energy Storage

socalTECH

Chatsworth-based Kinetic Traction Systems , a new startup headed by former Pentadyne Power COO Richard Newark, said today that it has launched the firm, and is looking to apply flywheel energy storage to the mass transit and rail market. READ MORE>>.

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Provision Interactive Snags Apple's Amelio

socalTECH

Chatsworth-based Provision Interactive Technologies, which is developing 3D display technology, has snagged former Apple Computer CEO Gil Amelio for the firm's board of advisors. Amelio was also behind Aquicor and the recent purchase and sale of Newport Beach-based Jazz Technologies.