Qualcomm Ventures, the investment arm of Qualcomm Inc., took part in a $27 million series C funding round for Stratoscale, an Israeli company that makes technology for data centers, the San Diego organization said March 23.
Mad Catz Interactive Inc., the San Diego-based videogame peripheral maker, said on March 24 that it plans to voluntarily take its stock off of the Toronto Stock Exchange while remaining on the NYSE MKT small cap exchange.
TECH: Venture Capitalists Betting On Maturing Cybersecurity Field
For Stephan Chenette, the time seemed right. After working in cybersecurity for the better part of two decades, Chenette figured October 2013 was the optimum time to start his own business.
Defense Secretary Ash Carter warned against the possible return of sequestration in 2018, saying the program of federal budget cuts would cause uncertainty for the Pentagon. He made his remarks March 22 during testimony before the House Armed Services Committee.
Time Warner Cable said March 22 that it has begun a program to increase Internet speeds for its San Diego County customers. The cable system operates in the area of the county north of the San Diego River.
RF Industries Ltd., which makes cable assemblies and connectors for electronics, reported a first quarter net loss of $353,000, or 4 cents per share, on net sales of $7 million.
Directors of WD-40 Co. named Daniel T. Carter to a seat on its board of directors, effective March 21.
Cubic Corp. announced on March 21 its TeraLogics LLC subsidiary received a $1.4 million contract from the Defense Information Systems Agency.
The U.S. Air Force awarded Poway-based General Atomics Aeronautical Systems Inc. a three-year, $53.8 million contract to give new capabilities to the Block 5 version of the MQ-9 unmanned aircraft, also known as the Reaper.
Qualcomm Inc. cofounder Andrew Viterbi has given $5 million to San Diego’s Old Globe, the Balboa Park theater organization announced.
Qualcomm Inc. announced March 17 that Mary Gendron joined the company as senior vice president and chief information officer. Gendron will lead Qualcomm’s global information technology organization.
ImageWare Systems Inc. reported a net loss of $2.83 million, or 3 cents per share, on revenue of $902,000 during its fourth quarter. In the same quarter of 2014, ImageWare reported a net loss of $1.96 million, or 2 cents per share, on revenue of $1.24 million.
It’s always nice when you are the little guy and the big guy turns to you for some specialized help.
GAMING: Casinos Must Adapt to Changing Tastes, Aging Customer Base
The growth of Internet gambling is the “most immediate challenge” facing American Indian tribes that rely on brick-and-mortar casinos to fund their governments.
EDUCATION: Co. Links Video Lessons to Operating New Consumer Product
Hansol Hong has a Kickstarter hit. The owner and CEO of Robolink Inc. recently convinced the Internet community to give his company the funds to mass-produce a quadcopter about the size of a cocktail napkin.
The U.S. Navy has tapped three San Diego shipyards to conduct maintenance on its San Diego-based warships.
The U.S. Navy awarded HDR Architecture Inc. a contract to provide architecture and engineering services that could be worth as much as $30 million over five years.
Kratos Defense & Security Solutions Inc. said on March 15 that its Modular Systems Division recently received $10.5 million in contract awards from an undisclosed client.
Activist shareholders named two directors to the board of LRAD Corp. and have achieved their goal of dismissing the company’s CEO.
Kratos Defense & Security Solutions Inc. said that its RT Logic subsidiary received an $11.2 million task order from an unnamed U.S. government agency. The deal, announced March 8, calls for Kratos (Nasdaq: KTOS) to supply satellite and communication system products, hardware and equipment.
Downtown’s Labor Landscape Evolves Over the Years As Area Itself Transforms
The nature of work in downtown San Diego is changing once again.
Kratos Defense & Security Solutions Inc. said on March 11 that it received a U.S. Navy contract valued at $5.49 million.
Kratos Defense & Security Solutions Inc., the defense holding company based in the University Towne Center neighborhood, reported a fourth quarter net loss of $4 million, or 7 cents per share, on revenue of $177.5 million.
TECH: Lytx Said to To Have 66 Percent Of Emerging Market
The Chicago private equity firm buying Lytx Inc. wants its new acquisition to stay the course.
The number of aerospace workers in San Diego County has snowballed over the last decade to slightly more than 12,000, according to a new report.
InfoSonics Corp., which produces wireless phones and tablets largely for the Latin American market, reported a fourth quarter net loss of $959,000, or 7 cents per share, on quarterly net sales of $10.2 million. In the same quarter one year ago, the business reported net income of $730,000, or a nickel per share, on revenue of $17.9 million.
Chemist Toyoki Kunitake, winner of the 2015 Kyoto Prize for advanced technology, will speak at 10 a.m. March 16 at Montezuma Hall of the Conrad Prebys Aztec Student Union at San Diego State University.
The board of Mitek Systems Inc. named CEO James DeBello to the role of chairman, the technology company announced on March 9. DeBello takes the chairmanship from John Thornton, who stepped down from the board.
The U.S. Navy awarded BAE Systems San Diego Ship Repair its second contract in a week.
San Francisco-based Bizness Apps said it plans to move to San Diego in April, bringing nearly 100 jobs with it.
Directors of Qualcomm Inc. raised the company’s dividend 10 percent, the company said March 8.
The U.S. Navy awarded BAE Systems San Diego Ship Repair a $28.2 million contract modification for work on the Arleigh Burke-class destroyer USS Higgins.
Harper Construction Co. Inc. will travel to Ventura County to perform its latest building project for the U.S. Navy.
The University of California, San Diego announced March 3 that it has accepted a gift from pollster, academic and social researcher Daniel Yankelovich.
TECH: Redhorse’s Work Is Supporting More Than 20 Agencies
When David Inmon was ready to try his hand at entrepreneurship, one of his first tasks was choosing a name for his company.
The private sector can offer a lot — a learning environment, technical knowledge and a measure of help — to economically disadvantaged students under an ambitious plan to bring more young people into high-demand scientific and tech jobs.
TECH: Move Could Put Co. in 5G Driver’s Seat
At Qualcomm Inc., the future is synonymous with five.
The U.S. Navy awarded General Dynamics NASSCO a $156.6 million contract for shipyard work on the USS Essex, a large amphibious assault ship that joined the fleet in the 1990s.
Qualcomm Inc. said March 1 that it settled alleged violations of the Foreign Corrupt Practices Act with the U.S. Securities and Exchange Commission and agreed to pay a civil penalty of $7.5 million.
Four companies — Booz Allen Hamilton Inc., G2 Software Systems Inc., Kratos Defense & Security Solutions Inc. and Science Applications International Corp. — received U.S. Navy contracts to provide technical support to SPAWAR, the San Diego-based Space and Naval Warfare Systems Command.
Cubic Corp. said on Feb. 29 that it received a series of contracts collectively worth $3.7 million to improve the U.S. Marine Corps’ battle simulation system.
Wrike, a software as a service provider, plans to bring 150 jobs to San Diego over the next three years, the company announced Feb. 29.
General Atomics Aeronautical Systems Inc. recently announced the first flight of a longer-endurance Predator B unmanned aircraft with extended wings. The new wings give the aircraft 48 percent more flight time or greater, as well as the ability to carry more objects under the wings.
The U.S. Navy awarded Lockheed Martin Corp. a 19-month, $10.4 million contract modification to provide support for an undersea warfare and anti-submarine warfare combat system.
Palomar Display Products Inc. of Carlsbad said it received six domestic and international orders worth $7.8 million for military thermal sight displays.
The U.S. Marine Corps’ top general says the service’s base structure is lean and well-suited for its mission. “Our view is we don’t have a whole lot of excess capacity,” Gen. Robert B. Neller, commandant of the Marine Corps, said during a talk with reporters Feb. 19.
TECH: Businesses Pay for Advertising When Sale Is Made
Sixteen numerals are all that Jon Carder needs to connect the dots.
TECH: It Tailors Offerings To Law Firms, Professions
Abacus Data Systems Inc. is riding into 2016 on the popularity of cloud-based IT for professional offices, mainly law firms. With new backing from an Eastern private equity firm, Abacus wants to build on its record of 188 percent growth over two years. It’s betting on more growth by expanding its offices and putting out the call for 80 new employees.
The U.S. Navy awarded BAE Systems San Diego Ship Repair a $15.6 million contract to conduct post-shakedown availabilities for the Navy’s newest littoral combat ships, the USS Detroit and the USS Montgomery.
Kratos Defense & Security Solutions Inc. and its Composite Engineering Inc. subsidiary will provide unmanned aerial target systems to the U.S. Air Force under an $18.7 million deal. San Diego-based Kratos (Nasdaq: KTOS) announced the award Feb. 23.