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.

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.

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

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.

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.

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.

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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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.

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>>.

TS2 Holdings Acquires Three Companies, Including Neohire South, Hero.jobs

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TS2 Holdings' offices are in El Segundo, and the company is an arm of Japanese staffing giant Persol Group. Los Angeles-based TS2 Holdings , a strategic business development firm focused on the technology industry, said on Friday morning that it has acquired three companies, including Neohire South , RockIT Recruiting , and Hero.jobs.

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

Chef'D Gets $10M From Campbell's Soup For Meal Kits

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El Segundo-based Chef'D , which provides over 500 different meal kits for delivery to consumers, without a subscription, has raised $10M in a Series B funding, the company disclosed this week. The funding came from m Campbell's Soup Co. and FreshDirect. Chef'D send personalized recommendations on meals, based on a questionnaire and personal needs, and sends those ingredients pre-portioned in an insulated box to users for cooking at home. READ MORE>>.

Slingshot Aerospace Wins $6M Air Force Award

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The company's Los Angeles headquarters are in El Segundo. Los Angeles- and Austin-based Slingshot Aerospace , the venture-backed developer of artificial intelligence software for processing satellite, aerial, and drone imaging, said this morning that it has won a $6M contract award, from the Air Force Space and Missile Systems Center (SMC).

Swagbucks Hits $200M In Cash Back, Gift Cards To Members

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El Segundo-based online rewards site Swagbucks --which is owned by Prodege, the company run by Chuck Davis, the former CEO of Fandango and Shopzilla--said today that it has now paid out more than $200M in cash and gift cards to its members. The site provides reward points to consumers for shopping, searching the web, sharing their opinions, playing games, and more. Prodege also operates such sites as MyPoints.com and ShopAtHome.com. READ MORE>>.

Stamps.com Names ShippingEasy CEO To Board

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El Segundo-based online postage and shipping software developer Stamps.com says it has named Katie May, the CEO of e-commerce software company ShippingEasy.com , to its board of directors. ShippingEasy was acquired by Stamps.com in 2016. According to Stamps.com, May has more than 20 years of experience building multiple successful startups.