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.

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

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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.

Kite Pharma Opens New Facility In El Segundo

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Santa Monica-based biopharmaceuticals developer Kite Pharma has opened up a new, 43,500 square foot manufacturing facility in El Segundo, the company said today, to manufacture its cancer immunotherapy products. According to Kite Pharma, the new facility will support production of its chimeric antigen receptor (CAR) and T-cell receptor (TCR) product candidates for clinical trials, along with commercial launch of its lead T-cell product candidate, KTE-C19.

Wyle Acquired By KBR For $570M

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El Segundo-based Wyle , the provider of outsourced engineering and scientific services to the Federal Government, has completed its acquisition of fellow professional services provider KBR. The deal was worth $570M in total. The two companies said they willl combined under the brand "KBRwyle", and continue to service Wyle's existing customers. The deal had been announced earlier in May.

Swagbucks Buys Sodahead

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According to Prodege, it will acquire all of SodaHead''s assets and staff from its Encino headquarters, and will move them to Swagbucks offices in El Segundo. Los Angeles-based prodege , the parent company of Swagbucks , said this morning that it has acquired Sodahead , the online polling and discussion platform founded by Jason Feffer. Financial terms of the buy were not disclosed.

Wpromote Buys Standing Dog For Digital Marketing Efforts

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El Segundo-based digital marketing company Wpromote said on Tuesday that it has acquired online marketing agency Standing Dog , which provides search engine marketing, SEO, social media and paid media services. Financial terms of the acquisition were not disclosed. Wpromote says it has hired on senior management and more than 70 employees from Standing Dog, which will help boost the company's annual run rate to $35M this year.

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.

iRise Launches Loyalty Program

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El Segundo-based enterprise visualization software developer iRise is looking to its most loyal users to spread the word about the company''s software, which is used for prototyping and visualizing enterprise apps, by giving those users free, lifetime, personal access to the company''s software.

Amazon.com Challenges SoCal's Automotive Sites With Amazon Vehicles

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E-commerce giant Amazon has made a move into the automotive research area this morning, challenging such local automotive information providers like Santa Monica-based Edmunds.com , Irvine-based Autobytel , Santa Monica-based TrueCar , Irvine-based Kelley Blue Book , plus El Segundo-based CarDirect.

NanoH2O Raises $14.8M

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El Segundo-based NanoH2O , the UCLA spinout which is developing reverse osmosis membranes for water desalination, has raised $14.87M as part of an ongoing, $30.6M

Sixty-four Southern California Firms On Technology Fast 500

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189% El Segundo Nick Hedges 397 Illumina, Inc. Flatley 412 NEOGOV 177% El Segundo Damir Davidovic 413 Maxwell Technologies, Inc. Earlier this week, Deloitte released its latest list of the top 500 growing technology companies, in its 2012 Technology Fast 500. list.

Vantage Media Backers Disclosed For BrokersWeb Deal

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El Segundo-based Vantage Media , the provider of performance marketing and online advertising services, was backed by BIA Digital Partners II LP, a private equity investment firm, as part of its acquisition of BrokersWeb , BIA announced Thursday.

Vantage Media Launches Into Educational Marketplace

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El Segundo-based Vantage Media , the provider of performance-based marketing and advertising services, is expanding into the post-secondary school marketplace today, saying that it has launched a new offering called Vantage Media SchoolSelect.

Zadspace Raises $3.2M

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El Segundo-based Zadspace , the developer of on-package advertising products, announced this week that it has raised $3.2M in a funding round.

Fuhu Files For Bankruptcy

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El Segundo-based children's tablet maker Fuhu has filed for Chapter 11 bankruptcy, in surprising news from what had been one of LA's fastest growing technology companies. The filing was made in the U.s. Bankruptcy Court in the District of Delaware. Fuhu is reportedly in a deal to be acquired by Mattel for $9.5M as a part of that filing.

AWR Expands In China

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El Segundo-based AWR , the developer of high frequency, electronic design automation (EDA) software, said today that it has opened up a new office in China.

TVC Gets Big Exit In Accordent

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The sale this morning of El Segundo-based Accordent Technologies was a big win for San Diego investment firm TVC Capital. TVC was the sold institutional investor in Accordent, which sold to Polycom for $50M. TVC's investment in Accordent was managed by Jeb Spencer, who was Chairman of Accordent's board; TVC's Steve Hammerslag also served as a director. TVC invested $4M in Accordent in 2006--the only investment round the firm raised over its lifetime. READ MORE>>.

International Rectifier Completes CHiL Semiconductor Acquisition

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El Segundo-based International Rectifier said Monday afternoon that it has completed its acquisition of CHiL Semiconductor Corporation. The deal had been announced February 25th, and was worth $75M in cash. CHiL Semiconductor is a developer of digital power management products, and was venture backed by Highland Capital Partners, Flybridge Capital Partners , Panorama Capital , and id SoftCapital. READ MORE>>.

AdEngage Acquired By Technorati

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El Segundo-based AdEngage, an online advertising network, has been acquired by blog and Internet search site Technorati, Technorati said today. Financial terms of the deal were not disclosed. According to Technorati, it has acquired AdEngage to launch a new self-service advertising network for blogs and social media sites. AdEngage was founded in 2004, and according to Technorati serves more than 12 billion ad impressions across more than 4,000 sites.

Southern California Startups Raise $761.12M in Q2 2014

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The biggest investments for the quarter were for Culver City-based NantHealth , the digital health venture of billionaire Dr. Patrick Soon-Shiong, which raised $135M in a funding; El Segundo-based Prodege (aka Swagbucks), which raised $60.1M

Mattel Buys Nabi Maker Fuhu, Sproutling

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El Segundo-based Mattel said late Friday that it has acquired substantially all of the assets of Fuhu , the maker of the Nabi children's tablets, as well as smart technology maker Sproutling.

iRise Adds iPad, Android Emulation To Prototyping Software

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El Segundo-based iRise , which develops enterprise prototyping software, used to help business users mock up visual software prototypes of applications, said Wednesday that it has added new support for iPads and Android phones. The company--which is backed by Morgan Stanley Venture Partners and Deutsche Bank--said its software now can create "ultra-realistic" visual simulations of apps running on the iPad an Android.

Accordent Acquired By Polycom

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El Segundo-based Accordent Technologies , which develops presentation and webcasting management software for the enterprise, has been acquired by Polycom , Polycom said today. The deal was worth $50M in cash. Polycom said it will use the acquisition to enhance its offerings. Accordent provides products for streaming live webcasts, webcasting meetings and classes, and similar enterprise video streaming applications.

Mattel Partners With Stardoll

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El Segundo-based toy maker Mattel has inked a licensing agreement with online fashion game maker Stardoll , Stardoll announced today. Stardoll runs an online fashion virtual world for teen and tween girls. Financial details of the licensing deal were not disclosed.

Southern California Companies Have Healthy Showing In Deloitte Fast 500

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Southern California had a healthy showing in the latest ranking of the fastest growing companies from Deloitte''s Technology Fast 500 , which was announced last night. Of those 500, there were at least 60 Southern California companies in the rankings.

Fuhu Tops Deloitte Fast 500 List

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El Segundo-based Fuhu , the manufacturer of the popular children''s Nabi tablet PC, ranked number 2 nationally in the annual Deloitte Fast 500 list, one of fifty four companies--or over 10 percent--from Southern California. The list ranks companies by five year revenue growth. According to the list, Fuhu had a growth rate of 67627% over five years.

iChange Acquired By Herbalife

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El Segundo-based iChange , the operator of an online community focused on lifestyle changes, weight loss, and nutrition, has been acquired by Herbalife , according to investor Momentum Venture Management. Financial terms of the deal were not disclosed. iChange, which was headed by Stu MacFarlane, will be used by Herbalife's independent distributors to provide wellness coaching to clients.

International Rectifier Buys CHiL Semiconductor

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El Segundo-based International Rectifier said Friday that it has acquired CHiL Semiconductor Corporation , a supplier of digital power management products, in a deal worth $75M in cash. IR said the buy will expand its technology position in the digital power market. CHiL's mixed-signal power management integrated circuits are primarily targeted at servers, personal computers and other high-volume computing products.

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.

iRise Takes On Government Market

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El Segundo-based iRise , the developer of enterprise, application visualization and prototyping software, is targeting the government market with a new product, the company said this week.

Fetch Technologies Sold To Connotate

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El Segundo-based Fetch Technologies , the developer of data aggregation and analysis software which was a spinout of USC's Information Sciences Institute, has been sold to New Jersey-based Connotate. According to Connotate, former Fetch CEO Ryan Mullholland becomes President of the firm with the acquisition. Financial terms of the acquisition were not disclosed. Fetch Technologies was advised by Siemer & Associates in the sale. Fetch Technologies had raised at least $5.7M

AWR Acquired By National Instruments

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EL Segundo-based AWR Corporation , a provider of electronic design automation (EDA) software, has been acquired by National Instruments , NI said today.