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International Rectifier To Close El Segundo Plant

socalTECH

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. READ MORE>>.

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Kite Pharma Opens New Facility In El Segundo

socalTECH

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.

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iRise Dangles $20K To Developers

socalTECH

El Segundo-based iRise , the developer of enterprise application visualization software, said Thursday that it is launching a $20,000 Developer Contest. iRise said the contest will award $20,000 to developers who create custom widgets for the iRise software modeling environment. READ MORE>>.

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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.

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

socalTECH

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. TS2 Holdings' offices are in El Segundo, and the company is an arm of Japanese staffing giant Persol Group.

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EVgo Acquires Recargo For $25M

socalTECH

Los Angeles-based electric vehicle (EV) charging network operator EVgo said this morning that it has acquired Recargo, a developer of e-mobility software. 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.

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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.