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.

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.

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.

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.

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

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

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

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.

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.

Impossible Burgers Roll Out To Grocery Stores In Southern California

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Competitor Beyond Meat--which is based locally in El Segundo--already has been selling its burgers at groery stores. Impossible Foods , one of the makers of plant-based burgers, will make its plant burgers available for the first time in grocery stores, in Southern California, the company said on Thursday morning. According to Impossible Foods, its plant-based burgers will be available at Gelsons markets on Friday, September 20th.

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.

Stamps.com Adds New International Shipping Services

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El Segundo-based online postage provider Stamps.com said late Thursday that it has launched a new, international shipping service with GlobalPost, which will help ease its customer's uncertainty about possible international shipping disruptions due to the possibility of the United States leaving the Universal Postal Union (UPU).

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.

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.

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

Beyond Meat Links With KFC

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El Segundo-based Beyond Meat , which is developing plant-based, meat alternatives, has inked a deal with KFC , to run a limited test of plant-based chicken at one of its restaurants in Atlanta, Georgia. According to Beyond Meat, KFC will be the first, national quick-serve restaurant to try its plant-based chicken, which will be served in the form of fried "chicken", for one day -- tomorrow, Tuesday August 27th--near the SunTrust Park in Atlanta.

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.

ABL Space Systems Finds Funding From Lockheed Martin

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El Segundo-based ABL Space Systems , which is developing small rocket launch vehicles, has received a strategic investment from Lockheed Martin Ventures, the company announced this morning. Size of the investment was not announced. According to ABL Space Systems, the financing will go to advance its development and test program, including a planned integrated stage test in the second half of 2019. The company is hoping to launch its first rocket sometime in 2020.

Recargo Acquired By Innogy

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El Segundo-based Recargo , the operator of PlugShare , an electric vehicle charging application, has been acquired by German energy giant innogy , via its US subsidiary, innogy eMobility US LLC. Financial terms of the acquisition were not announced. Recargo's PlugShare provides information on charging stations, including reviews, photos, and other information, all for EV drivers.

Stamps.com Snags CTO From Mattel

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El Segundo-based online postage and shipping software developer Stamps.com said late Tuesday afternoon that it has named Jonathan Bourgoine as its new Chief Technology Officer. Bourgoine was most recently the VP and Chief Technology Officer of Mattel and, before that, was SVP of Operations at Youbet.com. Bourgoine replaces Stamp.com CTO Michael Biswas, who had been at the firm for the last 15 years. READ MORE>>.

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Beyond Meat Files For IPO

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El Segundo-based Beyond Meat , a venture-backed startup which makes vegetarian, plant-based burger patties and other meat alternatives, filed for an IPO last week, saying in a filing that it is looking to raised $100M in an IPO on the Nasdaq Global Market.

Wpromote Brings Digital Marketing To Nonprofits, Charities

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Wpromote said it is specifically targeting its efforts at charities in or near its headquarters in El Segundo; charities can get more information on Wpromote's website. Los Angeles-based Wpromote , the provider of online marketing services led by Michael Mothner, said it is offering up a set of free workshops, courses, and discussions to nonprofits and charities.

Stamps.com Completes $55M ShippingEasy Buy

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El Segundo-based Stamps.com said late last week that it has completed its acquisition of ShippingEasy , a developer of web-based, shipping software for online retailers. The deal was worth $55M in cash, and had been announced in June. ShippingEasy had been one of Stamps.com's primary competitors in serving e-commerce providers. READ MORE>>. shippingeasy stamps merger acquisition software mailing postage

SecureAuth Raises $200M

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El Segundo-based SecureAuth , a developer of identity management tools, has raised $200M in a funding round from private equity investor K1 Investment Management. K1 said the investment comes as part of a merger with Core Security , a provider of vulnerability discovery, identity governance and threat management software. K1 said the merger is pending regulatory approval from the U.S. Federal government. Core Security is based in Roswell, Georgia. READ MORE>>.