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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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.

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.

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

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.

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.

Bingie App Tunes Into Viewer Recommendations

L.A. Business Journal

When it comes to movie and TV show recommendations, El Segundo-based app developer Bingie Inc. wants to prioritize friends and family over algorithms

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.,

Aerojet Secures $1.8 Billion NASA Project

L.A. Business Journal

a subsidiary of El Segundo-based Aerojet Rocketdyne Holdings Inc., Rocket propulsion manufacturer Aerojet Rocketdyne Inc., was awarded a $1.79 billion follow-on contract by NASA to manufacture engines

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

Techstars Announces Participants

L.A. Business Journal

The Techstars Starburst Space Accelerator, an aerospace-focused incubator based in El Segundo, has announced the participants for its 2020 program, which will be conducted virtually this year because of the coronavirus pandemic

Aerojet Secures $1.8 Billion NASA Project

L.A. Business Journal

a subsidiary of El Segundo-based Aerojet Rocketdyne Holdings Inc., Rocket propulsion manufacturer Aerojet Rocketdyne Inc., was awarded a $1.79 billion follow-on contract by NASA to manufacture 18 engines for the agency’s Space Launch System rocket

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

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

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

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

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

CUJO AI Deploys With Broadband Operators

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El Segundo-based artificial intelligence software developer CUJO AI says it has deployed its "digital life protection" services across five North American broadband operators. According to the company, its product is now monitoring more than 700 million devices. Financial impact of those deployments have not been announced by the company. CUJO AI says its tools are used to improve the security, control, and privacy of connected devices.

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

Beyond Meat Launches Direct To Consumer Sales

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Fans of El Segundo-based Beyond Meat can now purchase Beyond Meat's plant-based meat products direct from the company, through an online store, as Beyond Meat expands beyond restaurants and grocery chains. The move to support online sales comes several months after Beyond Meat's main competitor, Impossible Foods, also launched online sales, as consumers have avoided both restaurants and grocery stores due to the continuing pandemic.

3Diligent Rolls Out New Software For Machine Shops

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El Segundo-based 3Diligent , which provides CAD/CAM-based fabrication services such as 3D printing, machining, casting, and injection molding, said on Tuesday that it has launched new machine shop management software. The company said its new product, 3Diligent Shopsight, a set of tools aimed at streamlining digital manufacturing. 3Diligent said the new software works with its procurement service, ProdEX. 3Diligent is led by CEO Cullen Hilkene. READ MORE>>.

Beyond Meat Launches Meatballs At Grocery Stores

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El Segundo-based plant-based meat company Beyond Meat says it has rolled out a new product, Beyond Meatballs , at grocery stores nationwide. The company says its meatballs--which are pre-seasoned with Italian spices--are ready to cook, and will be available at Whole Foods Market, Stop & Shop, Sprouts, Harris Teeter, Kroger, Albertsons, and others by early October. The new products will be sold in the fresh meat section, starting at $6.99 for 12 meatballs.

Carbonated Games Finds $8.5M

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El Segundo-based Carbonated Games , a developer of mobile games, has raised $8.5M in a seed funding round, the company said late last week. The funding came from Andreessen Horowitz, Golden Ventures, and Bitkraft Esports Ventures. The company is led by founder and CEO Travis Boatman.

CUJO AI Names General Counsel

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El Segundo-based artificial intelligence software developer CUJO AI said this morning that it has named a new General Counsel. The company said it has appointed Jeremy Otis to the position, with Otis joining from Wartsila Marine, where he was Legal Director fot he Americas. CUJO AI said Otis has been an in-house lawyer for a number of Finnish security companies during 25 years in Finland and the US.

The List Completes Startup Academy, Competes For Investment Dollars

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El Segundo-based The List , a startup which operates a matchmaking service for business professionals, is one of four, female-led startups which is part of Beta Boom , a startup accelerator focused on training traditionally overlooked founders, such as women and people of color.

Landmark Dividend Buys Data Center Complex In Phoenix

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El Segundo-based real estate acquirer Landmark Dividend , which owns a number of data centers, said this morning that it has acquired a data center campus located in Phoenix, Arizona. According to the company, the acquisition is the 16th data center it has acquired in the last 18 months.

Phase Four Wins SBIR Contract

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El Segundo-based Phase Four , a developer of radio frequency (RF) plasma engines for in-space propulsion, announced this morning that it has received a SBIR Phase I contract by Air Force tech accelerator AFWERX, in partnership with the Air Force Research Laboratory and the National Security Innovation Network.

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.

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.

Stamps.com Powers Last Week Tonight Stamps Effort

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El Segundo-based Stamps.com was behind the successful fundraising effort run by John Oliver on Last Week Tonight , saying it has so far generated sales of over $4M to help support the U.S. Postal Service.

Upromise Acquired By LA's Prodege

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El Segundo-based consumer rewards program operator Prodege , led by longtime SoCal technology veteran Chuck Davis, said Monday morning that it has acquired Upromise , the popular college education-saving rewards business which was owned by SLM Corporation (Sallie Mae).

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

EV Connect Completes Fast Charging Corridor In California's Central Valley

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El Segundo-based EV Connect , which operates a network of electric vehicle chargers, says it has completed a fast charging corridor along California's Central Valley. According to EV Connect, it now has more than 150 miles of State Highway 99 supported by fast charging stations. The company said the corridor was created by placing charging stations at three Love's Travel Stops along the 99.