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.

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Belkin Plans Move To El Segundo

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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

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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].

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.

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

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.

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.

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

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

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

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

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

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

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

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

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

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.

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

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

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.

Beyond Meat Takes Chicken Tenders To Restaurants

socalTECH

El Segundo-based Beyond Meat, which develops and manufactures plant-based meat products, is extending its reach, saying on Thursday that it is making a new plant-based chicken product, Beyond Chicken Tenders, available at a large list of U.S. restaurants. The company said the new product look, cook and taste like traditional animal-based chicken tenders. The new products are expected to roll out in July, at a long list of chicken, burger, and other restaurants.

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

Phase Four Launches Another Satellite Thruster Into Space

socalTECH

El Segundo-based Phase Four, which is developing thrusters for satellite propulsion, says it has launched one of its Maxwell engines into space. According to the startup, the engine was launched onboard a Capella Space SAR satellite which went into space on June 30th on a SpaceX launch. The company says the engine is its fourth delivered to space. The company is developing more efficient propulsion means for satellite positioning, using radio frequency (plasma) propulsion.

Phase Four Finds $26M For Satellite Thrusters

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El Segundo-based Phase Four, a space startup which is creating satellite thrusters which use radio-frequencies for propulsion, said it has raised $26M in a Series B funding round. The funding was led by New Science Ventures. Phase Four says it is developing Maxwell plasma propulsion engines, which are designed to steer satellites in space. The company says its technology has been launched on multiple, commercial small satellites. the company also said it is working with the u.S.

Viasat Satellite In Integration, Testing

socalTECH

According to ViaSat, the first satellite in its ViaSat-3 global constellation was recently shipped to the Boeing Satellite Systems facility in El Segundo, and is now targeted for launch in early calendar year 2022. Carlsbad-based communications satellite operator Viasat reports that the first satellite in a new satellite constellation being developed by the company is now in final spacecraft integration and testing.

Pacific Defense Acquires Spear Research

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El Segundo-based Pacific Defense , which is backed by private equity investors Emerald Lake Capital Management and HCI Equity Partners, has acquired New Hamphire-based Spear Research. Financial terms of the acquisition were not announced. According to Pacific Defense, the acquisition will add a team of engineers with core competencies in RF engineering, advanced signal processing, autonomous command and control, and system integration. Travis Slocumb is CEO of Pacific Defense.

NEOGOV Merges With PowerDMS

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El Segundo-based NEOGOV , which develops human resources software for the public sector, says it has agreed to merge with PowerDMS , a developer of cloud-based compliance software. According to the company, the newly combined business will remain headquartered in El Segundo, and will continue to be led by CEO Shane Evangelist.

Serverfarm Buys LA Data Center Facility

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Serverfarm, a developer and operator of data center space, says it has purchased a new facility in El Segundo, which will provide 117,500 square feet and 22MVA to hyperscale, transportation, healthcare and government tenants. Financial details of the acquisition were not announced. According to Serverfarm, its long term partner in the effort is NantWorks. Nantworks is the diversified company run by billionaire Patrick Soon Shiong.