El Segundo Opposes LAX Terminal Plan

L.A. Business Journal

El Segundo, which sits on the airport’s southern edge, last month sent in comments opposing LAWA’s proposal to add two new terminals as part of the Airfield and Terminal Modernization Project

Belkin Announces Move to El Segundo

L.A. Business Journal

announced March 11 that it plans to move from its current headquarters in Playa Vista to a new office space in El Segundo Computer accessories manufacturer Belkin International Inc.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Belkin Plans Move To El Segundo

socalTECH

Los Angeles-based consumer electronic giant Belkin announced on Thursday that it is planning to move its headquarters from Playa Vista to El Segundo, in Q4, as part of what it called a move to a "hybrid, flexible" workspace. belkin segundo playa vista headquarters electronics consumer foxconn

NantStudios Launches Virtual Production Campus In El Segundo

socalTECH

El Segundo-based NantStudios--a new venture which is related to the "Nant" series of companies run by billionaire Dr. Patrick Soon-Shiong--said on Tuesday that it has launched a new "virtual production ecosystem and innovation campus" in El Segundo.

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].

Raytheon Moves Headquarters From El Segundo

socalTECH

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.

Report: Major Cybersecurity Breach At El Segundo's PCM

socalTECH

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.

Cybersecurity Training Effort In El Segundo Aimed At Next Generation

socalTECH

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

socalTECH

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

socalTECH

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.

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

socalTECH

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

socalTECH

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.

Saviynt Raises $130 Million

L.A. Business Journal

El Segundo-based Saviynt Inc. raised $130 million in private equity funding to grow its cloud-based identity security solutions, the company announced Sept.

Pacific Defense Acquires Military Tech Company

L.A. Business Journal

Recently formed El Segundo-based Pacific Defense Strategies Inc. has acquired military tech company Spear Research

Stamps.com to Be Acquired for $7 Billion

L.A. Business Journal

El Segundo-based ecommerce postage company Stamps.com Inc. will be acquired by Thoma Bravo, a Chicago-based private equity firm, for $6.6 billion in cash, the companies announced July 9

Airdrop Service Dash Delivers Proof of Concept

L.A. Business Journal

In the 10 months Joel Ifill worked at El Segundo-based Aerojet Rocketdyne Holdings Inc., he said he “never felt at ease” making precision kinetic weapons, better known as smart bombs

ServerFarm Acquires UK Data Center Operator

L.A. Business Journal

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

Aerojet Rocketdyne Sells to Lockheed Martin for $4.4 Billion

L.A. Business Journal

El Segundo-based Aerojet Rocketdyne Holdings Inc. is set to be acquired by Aerospace giant Lockheed Martin Corp. in a deal worth $4.4 billion

PeerStreet Raises $60 Million

L.A. Business Journal

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

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

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

GoGuardian Reaches $1 Billion Valuation With Latest Investment

L.A. Business Journal

GoGuardian, an El Segundo-based educational technology company, has raised $200 million from a New York-based private equity firm in a deal that values GoGuardian at well over $1 billion

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

Insurance Tech Startup Sidecar Health Raises $150 Million

L.A. Business Journal

El Segundo-based health insurance startup Sidecar Health Inc. announced Jan. 26 that it had raised $125 million in a Series C funding round that valued the company at $1 billion

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

Aerospace Incubator Starburst Is Lifting Industry in LA

L.A. Business Journal

In the five years since French space and defense technology accelerator Starburst Aerospace announced plans to open its first American office in El Segundo, the aerospace industry has grown rapidly in Los Angeles County

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

McDonald's Piloting Plant-Based Burger From Beyond Meat

socalTECH

El Segundo-based plant-based burger company Beyond Meat has scored a win with McDonald's, and will be piloting a new plant-basd burger called the McPlant at eight McDonald's restaurants. According to McDonald's, the new McPlant will be tested for a limited time at those restaurants, which include locations in Irving and Carrollton, Texas, Cedar Falls, Iowa, Jennings and Lake Charles, Louisiana and El Segundo and Manhattan Beach, California.

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

EVgo Acquires Recargo For $25M

socalTECH

Recargo was based in El Segundo. Los Angeles-based electric vehicle (EV) charging network operator EVgo said this morning that it has acquired Recargo, a developer of e-mobility software. According to EVgo, it paid $25M in an all-cash transaction for Recargo, including a $3M loan repayment. Recargo was founded in 2009, and operates PlugShare, an online community for EV drivers, and also developed PlugShare, a mobile payment platform for EV cahrging networks.

Wpromote Rolls Out New Marketing Platform

socalTECH

El Segundo-based Wpromote is launching a new marketing technology platform, the company said today, which it says will help complement its performance marketing services. The company said its new platform is called Polaris, and includes three apps for data capture and collection, analytics and automation, and apps for predictive modeling. Pricing on the tools were not announced. wpromote marketing ecommerce software performance

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

Stamps.com Stockholders Approve Private Equity Acquisition

socalTECH

El Segundo-based Stamps.com, which provides e-commerce shipping and online postage services, said last week that its stockholders approved a merger with private equity investor Thoma Bravo. The deal calls for Stamps.com stockholders to receive $330.00 per shar in cash for each share of Stamps.com common stock they own. The company said the acquisition is expected to close this week. The "go private" deal is worth approximately $6.6 billion in cash.

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

EV Connect Rolls Out API For EV Charging Network

socalTECH

El Segundo-based EV Connect, which operates a network of electric vehicle charging stations, says it has rolled out an application programming interface (API), which allows its customers to integrate into its network. According to the company, the API allows charging providers to develop customized EV networks as well as smart charging and eMobility applications.

Navitas Semiconductor Hits Nasdaq

socalTECH

El Segundo-based semiconductor developer Navitas Semiconductor has debuted on the Nasdaq Global Market, after its acquisition by a Special Purpose Acquisition Company (SPAC), the company said on Wednesday afternoon. The developer of gallium nitride (GaN) power semiconductors says it is now trading under the ticker NVTS. The company's move to the Nasdaq comes thanks to the deal with "blank check" acquisition company Live Oak Acquisition Corp.

GoGuardian Expands Into New Offices

socalTECH

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

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.

FDH Aero Acquires Madison Aerospace

socalTECH

El Segundo-based aerospace and defense products distributor FDH Aero said last week that it has acquired Madison Aerospace, a Texa-based manufacturer of aerospace hardware. Financial details of the acquisition were not announced. FDH saaid the acquisition will help broaden its reach with additional product offerings in the OEM segment. Madison Aerospace was founded in 2000 by Brian Hutchins and is based in Haltom City, 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