Irvine group acquires Costa Mesa company Magellan...

Irvine group acquires Costa Mesa company

Magellan Media, a Costa Mesa-based video production company, was

recently acquired by the Irvine-based Post Modern Group.

The deal was announced Monday. Financial terms were not disclosed.

The merger became final Oct. 3, said Mike Pearce, the Post Modern

Group’s creative services director. He and Magellan Media founder

Greg Jacobs described the deal as a logical combination. “Why not

just merge and have one big powerhouse?” Jacobs said. He said he

wants Post Modern Group to become the largest production house in

Orange County.

Newport firm joins Wi-Fi consortium

Newport Beach-based Conexant Inc. is one of 27 companies included

in the newly-announced Enhanced Wireless Consortium. The group was

formed to develop industrywide standards for future developments in

Wi-Fi technology.

“We’re kind of like friendly competitors,” Conexant spokeswoman

Gwen Carlson said.

The companies want to develop performance standards that would

allow for compatibility between wireless technologies developed by

different manufacturers. Wireless network standards are governed by

the Institute of Electrical and Electronics Engineers.