El Segundo Tech and Aerospace Networking

SoCal Tech Calendar

Wednesday, July 17, 2019 -- El Segundo Tech and Aerospace Networking @ Smoky Hollow Tasting and Taproom. Join us for South Bay Tech and Aerospace Happy Hour in Hermosa Beach! We are building Aerospace and Tech community in the South Bay. See [link].

Report: Major Cybersecurity Breach At El Segundo's PCM

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According to a report, from Krebs On Security, El Segundo-based IT services provider PCM has seen a major breach , which allowed attackers to access multiple, client accounts hosted through PCM. According to the report, the intrusion--discovered in mid May of this year--gave attackers the administrative credentials to client accounts within Office 365.

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ConsumerTrack Expands In El Segundo, Ramps Hiring

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Los Angeles-based ConsumerTrack , the operator of GoBankingRates.com and other personal finance content and lead generation sites, said today that it is expanding its headquarters in El Segundo. ConsumerTrack did not detail how large the new space is or where it is moving in El Segundo, but did say it expects to accelerating its hiring in 2017 to help support growth.

Raytheon Moves Headquarters From El Segundo

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In what is not a surprise for Southern California''s shift away from the industry, defense contractor Raytheon said Thursday that it is shutting down its business headquarters locations in El Segundo, and moving its Space and Airborne Systems (SAS) business headquarters to McKinney, Texas.

Cybersecurity Training Effort In El Segundo Aimed At Next Generation

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An all week, cybersecurity training effort being held this week in El Segundo--run by AT&T and the Air Force Association (AFA)--is educating teenagers on cybersecurity careers and skills, in hopes of building the next generation of cybersecurity efforts. The camps, part of the AFA's CyberPatriot National Youth Cyber Education Program , are ongoing at AT&T's offices in El Segundo all this week.

International Rectifier To Close El Segundo Plant

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El Segundo-based International Rectifier , a developer of analog and power ICs, said Wednesday that it is shutting its El Segundo, California fabrication facility, and laying off staff. The firm said the closure in El Segundo will save it approximately $10M a year when complete. semiconductor layoff jobs employment analog power segundo rectifier international

Elon Musk: Tesla Was Born In A Fish Restaurant In El Segundo

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Tesla , the pioneering electric car maker founded by Elon Musk , was actually conceived over lunch at a fish restaurant in El Segundo, Musk said in an interview at SXSW this week. startup longla losangeles segundo spacex musk elon roadster teslaAccording to Musk, the company was created out of a conversation he had with J.B.

International Rectifier To Shut El Segundo Plant In March

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El Segundo-based International Rectifier , a manufacturer of analog, digital, and mixed signal ICs, said it expects to close its El Segundo based fabrication facility by the end of March, 2013. International Rectifier had announced the move in August. IR is also downsizing its Newport, Wales fabrication facility. International Rectifier said the cuts are expected to save it approximately $40M a year, when completed.

ServerFarm Acquires UK Data Center Operator

L.A. Business Journal

El Segundo-based data center management company ServerFarm purchased 5NINES Global Holdings Oct.

PeerStreet Raises $60 Million

L.A. Business Journal

El Segundo-based real estate technology startup PeerStreet raised $60 million

Stamps.com Revenue Dips in Third Quarter

L.A. Business Journal

El Segundo-based online postage supplier Stamps.com Inc. reported third-quarter revenue of $136.2 million, down 5

Insight Acquires PCM for $581M in Cash and Debt

L.A. Business Journal

El Segundo-based information technology services firm PCM Inc. will be acquired by Tempe, Ariz.-based based Insight Enterprises Inc. in a deal worth roughly $581 million

Daz Systems Acquired by Accenture

L.A. Business Journal

an Oracle Cloud service provider based in El Segundo Accenture announced Oct. 22 it acquired Daz Systems Inc.,

Hopscotch Signs 40 Collegiate Programs for Sports App

L.A. Business Journal

Sports app developer Hopscotch of El Segundo announced on Monday that it signed up more than 40 athletic programs as customers last month

GoGuardian Expands Into New Offices

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El Segundo-based GoGuardian , which develops software for the education market, has expanded into new offices in El Segundo, at the former Raytheon site. GoGuardian said there's a burgeoning startup scene in El Segundo, with such companies as Finless Foods, Wonderstorm, and TechStyle Fashion Group. goguardian software education expansion segundo raytheon jobs

H1Z1 Pro League Shuts Down, Citing Funding Failures

L.A. Business Journal

Roughly two months after it was first reported that Patrick Soon-Shiong’s El Segundo e-sports arena was to house the H1Z1 Pro League, the League announced it will cease operations due to payment issues

Silicon Beach Report Aug. 16: Tech Investor Sues AT&T Claiming ‘SIM Swap’ Scam

L.A. Business Journal

Cryptocurrency investor Michael Terpin sues AT&T over “SIM swap” scam; Cargomatic raises $35M in series B round; Boeing acquires El Segundo-based satellite and flight-plan maker

Internet Brands to Buy WebMD for $2.8 Billion

L.A. Business Journal

of El Segundo announced an agreement Monday to acquire online medical information company WebMD for $2.8 Internet Brands Inc. billion

Mattel Partners with Alibaba to Develop Toys for China

L.A. Business Journal

of El Segundo has partnered with Alibaba Group of Hangzhou, China to market and develop products for Chinese consumers Toy maker Mattel Inc.

Education Software Startup GoGuardian Launches AI Platform

L.A. Business Journal

El Segundo-based education software startup GoGuardian has launched Admin 2.0, a platform that uses artificial intelligence to enhance students’ behaviors online, according to a statement

Velocify Acquired for $128 Million

L.A. Business Journal

31 that it signed an agreement to acquire El Segundo’s Velocify, a developer of sales process management software, for $128 million in cash Mortgage software developer Ellie Mae announced on Aug.

Stamps.com Acquires MetaPack for $230 Million

L.A. Business Journal

El Segundo’s Stamps.com Inc. announced today a definitive agreement with United Kingdom supply chain management company MetaPack Ltd. to buy the company for approximately $230 million in cash

FDH Makes Another Acquisition, Of BTC Electronic Components

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El Segundo-based FDH , hardware and replacement parts to commercial and defense aircraft manufacturers, subcontractors, and others, has announced another acquisition--its second this week--of BTC Electronic Components. BTC Electronic Components is a Wake Forest, North Carolina-based distributor of connectors and accessories focused on aerospace, military and industrial end markets. Financial details of the acquisition were not announced. FDH is owned by Audax Private Equity.

FDH Buys Aerospheres UK Ltd.

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El Segundo-based FDH , a supplier of hardware and replacement parts to commercial and defense aircraft manufacturers, subcontractors, component distributors and others, has acquired Aerospheres UK Ltd. , a distrbutor of aerospace aftermarket chemicals, composites and other consumable materials for maintenance applications and MRO service providers. Financial terms of the acquisition were not announced. FDH is owned by private equity investor Audax Private Equity.

The OIX Names Laurence Sotsky As CEO

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El Segundo-based The OIX , a fintech company that is developing tax credit and incentives management software, has named technology startup veteran Laurence Sotsky as its new CEO, according to the company. Sotsky was most recently head of venture-backed, mobile application development startup Hopscotch. According to The OIX, Sotsky was selected after an extensive search in Los Angeles.

The OIX Names Laurece Sotsky As CEO

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El Segundo-based The OIX , a fintech company that is developing tax credit and incentives management software, has named technology startup veteran Laurence Sotsky as its new CEO, according to the company. Sotsky was most recently head of venture-backed, mobile application development startup Hopscotch. According to The OIX, Sotsky was selected after an extensive search in Los Angeles.

MOX Networks, Owned By Billionaire Soon-Shiong, Expands Fiber Routes

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El Segundo-based MOX Networks , the fiber optic network operator owned by billionaire Dr. Patrick Soon-Shiong, is expanding in West Virginia, saying it has just added a new Columbus to Ashburn route through West Virginia. The company--which says it is in the midst of a corporate branding and identity under the name MOX--did not say how much it is spending to establish the fiber optic route, only saying it will be open by Q2 of 2020.

AKMG Acquired By Canadian Firm

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El Segundo-based AKMG , a performance-based online advertising agency, has been acquired by Victoria, BC-based Neverblue. According to Neverblue, it will continue to operate out of its El Segundo headquarters, headed by White, with Patton moving on to new entrepreneurial endeavors.

MB TRADING Acquired By TradeKing

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El Segundo-based MB TRADING , a provider of stocks, futures, options, and other trading tools and services, has been acquired in an asset deal by Florida-based TradeKing. The company said that it will continue to operate an office in El Segundo. Financial terms of the buy were not disclosed. According to TradeKing Group, it will acquire all of MB Trading's assets, as part of an effort to build a diversified financial services firm.

Radiology Partners Gets $700M

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El Segundo-based Radiology Partners , the operator of a network of radiology practices across the U.S., says it has raised $700M in funding, which came from Starr Investment Holdings. Star joins existing investor New Enterprise Associates (NEA) and Future Fund. Radiology Partners said the funding will go to accelerate growth and innovation at the company.

PCM Acquired By Insight Enterprises For $581M

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El Segundo-based IT products and services provider PCM is being acquired by Tempe, Arizona-based > Insight Enterprises , in a deal worth $581M, the two announced this morning. According to the two, Insight will pay $35 per share for PCM, which provides hardware, software and services to small, mid-sized and corporate/enterprise commercial clients, state, local and federal governments and educational institutions across the United States, Canada and the United Kingdom.

Toymaker Aims to Make Play for Chinese Market

L.A. Business Journal

El Segundo’s Mattel Inc. In a move that appears to follow in the footsteps of rival toymakers Lego Group and Hasbro Inc., partnered on Feb. 14 with Chinese e-retailer Alibaba Group to develop content centered on Mattel brands for Chinese consumers

3Diligent Expands Into Consulting

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El Segundo-based 3Diligent , a provider of 3D printing and additive manufacturing services, said on Wednesday that it has launched a new consulting arm, which will provide strategic and design advisory services for the additive manufacturing industry.

Image Metrics Rolls Out New AR Platform

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El Segundo-based Image Metrics , a developer of computer vision and facial analysis and tracking tools, has rolled out a new platform for implementing augmented reality (AR), which it calls LUNAR. According to Image Metrics, the new tool is aimed at marketers, helping them to implement augmented reality (AR) effects for marketing initiatives.

DIRECTV Acquired By AT&T

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El Segundo-based satellite TV operator DIRECTV and AT&T said Sunday afternoon that AT&T has agreed to acquire DIRECTV, in a deal worth approximately $67.1 According to the two, DIRECTV will continue to be based in El Segundo after the acquisition.