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According to the two, the area has the potential to produce approximately 2,500 megawatts of offshore wind energy. If built to capacity, the project would be a significant increase in EDF Renewables' offshore wind portfolio: the company says it currently has 2,800 MW of offshore wind in Europe. READ MORE>>.
A wind energy development company, based in Chicago, said it has secured an offshore wind lease off of the Central California Coast. According to Invenergy California Offshore LLC, it has secured a lease for 80,418 acres of seabed for operating an offshore wind development. THe bid was worth $145.3M.
Los Angeles-based passive RFID tracking technology provider Mojix said last week that it has been selected by BP , for a $7 billion, offshore drilling project. mojix offshore drilling rfid wireless tracking asset' Mojix said it will provide its technology for an oil platform product in the North Sea off the coast of Scotland.
Thousand Oaks-based Teledyne Technologies said Wednesday afternoon that it has acquired Bolt Technology Corporation , a supplier of equipment for the offshore energy exploration market. According to Teledyne, it will pay approximately $171M for Bolt, or $22.00 per share cash for the publicly held company.
The Securities and Exchange Commission has charged a former executive at San Diego''s Qualcomm , with trading stock in the company ahead of major announcements, via a secret offshore brokerage account. The SEC also charged his financial advisor, Gary Yin.
a stealthy, offshore firm--one of twelve bidders on the domain. A Los Angeles company, Escom LLC , has sold domain name Sex.com for $13M, according to a report today from The Register. Citing documents filed in a California court, the report said that the domain was sold to Clover Holdings Ltd.--a
According to FMC, it will pay $120M for Direct Drive Systems, which makes components used for pumping natural gas pipelines, offshore platforms, and for the subsea processing market. Direct Drive is a spinout of Calnetix.
According to the firm, it has created G1MobileSoft, an offshore development company devoted solely to creating mobhile applications. Murano Software maintains four offshore development centers in Russia. The firm said it will create both iPhone and Android applications for its clients.
Bolt is a supplier of marine seismic energy sources and replacement parts for offshore energy exploration, and also makes underwater cables and connectors, along with developing underwater remotely operated vehicles (Mini ROVs). The deal was worth approximately $171M, or $22.00 per share in cash. READ MORE>>.
According to ExteNet, Palomar, an existing investor in the firm, was part of a new round of equity financing led by SSP Offshore LLC, an affiliate of Soros Fund Management and SBA Communications Corporation, which also included Centennial Ventures, Columbia Capital, Sevin Rosen Funds, and CenterPoint Ventures.
Alorica said it has also hired 1,500 nearshore employees in Jamaica and Mexico, 5,400 offshore employees in the Philippines, and 18,400 domestic employees to the company--bringing the company''s total employee base to over 48,000. Alorica said that those businesses represented approximately $580M in revenues for West in 2014. READ MORE>>.
hHousand Oaks-based electronics and instrumentation firm Teledyne Technologies announced this morning that its Teledyne Oil & Gas group has scored a three year agreement with FMC Technologies, to provide interconnect and sensing products and services for FMC's offshore oil and gas business. Size of the deal was not disclosed.
The company says it is superior to alternative, offshore software QA providers, both due to time zone and cultural advantages, as well as because its services helps companies meet corporate social responsibility (CSR) and community relations goals.
Apparently, the little known provision in the national defense bill was inserted on behest of American electric bus manufacturers, who claim that BYD's buses would make it easier for China to spy on offshore Chinese nationals. BYD employs around 700 people in Lancaster. READ MORE>>.
VanceInfo is an IT services provider providing offshore software development in China. According to VanceInfo Technologies, it has entered into a definitive agreement to acquire Wireless Info Tech, in a deal worth $1.08M in cash plus stock.
Teledyne said that Baton Rouge-based Odom has designs and manufactures equipment for port survey, dredging, offshore energy and other applications. Thousand Oaks-based Teledyne Technologies said today that it has acquired Odom Hydrographic Systems, a Louisiana-based firm developing hydrographic survey instrumentation.
Newport Beach-based Wave Neuroscience , a newly formed startup, says it has acquired a number of assets from Newport Brain Research Laboratory (NBRL), along with "many different onshore and offshore holding companies" owned by NBRL, as part of its efforts to provide non-invasive neuromodulation technology.
I asked him if he wouldn't mind sitting down with me, and he helped me develop the business model, and suggested that I work with some offshore developers on automating the system. The current way people handle this is someone calls a call center, they walk through a process by phone call.
We had some great offshore coders as part of the engineering team. Although that worked, it took a long time to get to a strong, profitable model we could then exit. Part of the reason for that, is we weren't in the same office as a team. I learned that, certainly, the Internet allows you to do things remotely.
(chuckles) I've been in a large organization like AOL, with really large groups of engineers, and I think the biggest lesson I've learned, as with many entrepreneurs with an idea, you tend to try to use contractors and offshore services. It took me awhile, to realize how many advantages there were to having a local team.
Eric Sikola: We've got seven people full time, and all our development is offshore, our CTO is onshore, and we have people doing graphical design locally plus others helping part time. I just really felt market demanded this and it's a productivity tool that could be used by an entire organization or individual. How big is the firm now?
We were a little early in that market, doing outsourcing, offshore, and managed crowdsourcing. My first step was working at a startup, which launched Dell phones for Android, and after which I ended up in Chicago at Vcube Communications. That went okay for a year and a half, but I soon burnt out finally, and decided to move on.
Irvine-based Alorica , a provider of outsource, business process outsourcing and "customer experience" outsourcing, named Colson Hillier as its new Chief Marketing Officer (CMO), the company said on Tuesday. Hillier will lead the company's global marketing and communications efforts, according to the company.
Irvine-based business process outsourcer Alorica said late Thursday evening that it has opened up an office in India, and esablished a new "innovation lab" in the country. According to Alorica, the new innovation lab will be based in Bengaluru, which it will call its "Digital Center of Excellence".
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