Top Stories View All →

TechXpress acquired for $1.6M

By   14 hours ago

San Luis Obispo-based TechXpress is being split up and sold for $1.6 million in cash and stock.

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Schaff buys Goleta offices from Towbes for $26.4M

By   19 hours ago

  South Coast real estate investor Victor Schaff has purchased a 120,000-square-foot-property in Goleta for $26.4 million. The property, which includes two 60,000-square-foot office buildings on a 10-acre parcel at 75 Coromar Drive in the Raytheon Business Park, was sold by Santa Barbara-based Towbes Capital Partners, the private-equity real estate affiliate of The Towbes Group. […]

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Sientra to go public, raise up to $86.2M

By   4 days ago

Santa Barbara-based breast implant maker Sientra filed papers Sept. 19 to raise up to $86.2 million in an initial public stock offering.

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Stollmeyer family gives $1M to French Hospital

By   4 days ago

Mindbody CEO Rick Stollmeyer and his ex-wife are making a $1 million gift to French Hospital Medical Center in San Luis Obispo. Rick Stollmeyer, co-founder and chief executive of SLO-based software firm Mindbody, and Lori Stollmeyer Ryan made the gift to support the hospital’s “Well into the Future” campaign, which includes the expansion and remodel […]

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Henley named vice chair at Oracle

Jeff Henley in a Business Times photo from 2005. The Oracle chairman recently awarded $50 million to UC Santa Barbara, the university’s largest philanthropic gift ever. (Business Times/Jeff Clark file photo)

By   4 days ago

  Santa Barbara resident Jeff Henley will become vice chairman of the board of software giant Oracle Corp. as longtime CEO Larry Ellison steps down and become chairman. Oracle announced Thursday that billionaire founder Ellison will be replaced by Mark Hurd and Safra Catz who will both have the CEO title. Ellison will formally be […]

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Ad tracking strategy pays off in $2.3B Conversant deal

Conversant CEO John Giuliani, who joined the company formerly known as ValueClick after selling his former venture to it. Under Giuliani's leadership, Conversant is now being sold for $2.3 billion. (courtesy photo)

By   4 days ago

  It took him two years, but John Giuliani is the man who finally made Conversant ready for a sale. And even though his stake in the Westlake Village-based advertising technology firm’s $2.3 billion cash-and-stock merger with Alliance Data Systems announced Sept. 11 will be worth about $96 million, Giuliani has no plans to cash […]

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HP jumps into the cloud with Eucalyptus buy

By   4 days ago

While it’s unclear whether the rise and sale of Goleta-based Eucalyptus Systems to tech giant Hewlett-Packard Co. was a major financial success for its investors, one thing is certain: The South Coast is now on the map as having proved the viability of open-source hybrid cloud computing and will have contributed an important component to HP’s cloud strategy going forward.

Read More →

Haas Automation plots expansion in California after deal with state

Haas Automation executive Peter Zierhut at its Oxnard plant. After considering expanding out-of-state, Haas may well stay in California, according to people familiar with the firm’s plans. (Business Times file photo)

By   4 days ago

Oxnard-based Haas Automation has struck a deal with state tax officials that could secure another machine-tool factory and thousands of high-end manufacturing jobs for Ventura County, according to people familiar with the company’s expansion plans.

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Small Business View All →

A swing at success: Edufii gets $1.4M to fund sports training platform

Edufii Chief Revenue Officer Andrew DeMille demonstrates a golf swing recorded with the San Luis Obispo-based company’s online sports training platform, which recently raised $1.4 million from investors. (courtesy photo)

By   4 days ago

San Luis Obispo-based Edufii has raised a $1.4 million round of investment for its online sports training platform.

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The Mill hopes to bring Funk Zone style to Santa Barbara’s Haley Street corridor

The project at the intersection of Laguna and Hayley streets in Santa Barbara is slated to become a local-goods market. The first confirmed tenant is a winery, but the property is being marketed to South Coast vendors as a place to showcase products as well. (Nik Blaskovich / Business Times photo)

By   2 weeks ago

A much-wondered-about project at the corner of Laguna and Haley streets in Santa Barbara is poised to become the next big attraction to a corridor that area real estate insiders say is shaping up as the latest extension of the city’s Funk Zone.

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$2.6M deal marks record for Summerland CRE market

LillieAveWEB

By   2 weeks ago

  The recent sale of a high-profile mixed-use property on Lillie Avenue in Summerland marks the highest price per square foot for a commercial property larger that 2,000 square feet in the coastal town. The property, located at 2330 Lillie Ave. and home to Summerland Winery’s tasting room and Bonita Boutique, sold for more than […]

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The posting police: Social Intelligence roots out workers’ comp fraud

SocialIntelligenceWEB

By   3 weeks ago

Santa Barbara-based Social Intelligence, a firm that combs social media and other sites for red flags about potential employees, has inked a new deal to help combat workers’ compensation fraud.

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28 tri-county firms rank on 2014 edition of Inc. 5000

By   4 weeks ago

Twenty-eight firms based in the Tri-Counties made the 2014 edition of Inc. magazine’s ranking of the fastest-growing private companies in the U.S. This year’s ranking was based on revenue growth between 2010 and 2013. PackIt, a company that makes bags with freezable gel in the linings that keep food and drinks cold for up to […]

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Cabbies hail help from Sacramento: Bills target Uber, Lyft

Santa Barbara Lyft driver Tye Gomez with the brand's signature pink faux mustache. Two pending bills in the state Senate look to add new restrictions and requirements to ridesharing services such as Lyft and its rival, Uber. (Nik Blaskovich / Business Times photo)

By   4 weeks ago

Two pending bills in the state Senate could significantly change the competitive landscape between booming ridesharing startups such as Lyft and Uber and the flagging taxi-cab industry in California.

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Pour no more: Small wineries oppose Santa Barbara County tasting-room ordinance

WineryWEb1

By   1 month ago

Many small wineries in rural areas of Santa Barbara County such as the Santa Ynez Valley may be unable to house tasting rooms or hold special events if county officials approve changes to a winery ordinance that has been in place since 2004.

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In their own words: Spirit of Small Business 2014 winners

ScreenShot

By   1 month ago

The Pacific Coast Business Times’ 2014 class of Spirit of Small Business winners were honored at an awards luncheon on Aug. 14, 2014 following the publication of a special edition on July 25, 2014. The special section, produced in partership with the U.S. Small Business Administration, highlights entrepreneurship in the Tri-Counties, with profiles on successful […]

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Technology View All →

TechXpress acquired for $1.6M

By   14 hours ago

San Luis Obispo-based TechXpress is being split up and sold for $1.6 million in cash and stock.

Read More →

Sientra to go public, raise up to $86.2M

By   4 days ago

Santa Barbara-based breast implant maker Sientra filed papers Sept. 19 to raise up to $86.2 million in an initial public stock offering.

Read More →

Adornetto named TMP entrepreneurship director at UCSB

By   4 days ago

Longtime South Coast technology executive Dave Adornetto has been picked to lead UC Santa Barbara’s successful startup contest. The entrepreneurship program is the largest collegiate business-pitch contest in the region and is part of UCSB’s Technology Management Program. The flagship event of the entrepreneurship program, the annual New Venture Competition, is a major on-campus happening. […]

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Henley named vice chair at Oracle

Jeff Henley in a Business Times photo from 2005. The Oracle chairman recently awarded $50 million to UC Santa Barbara, the university’s largest philanthropic gift ever. (Business Times/Jeff Clark file photo)

By   4 days ago

  Santa Barbara resident Jeff Henley will become vice chairman of the board of software giant Oracle Corp. as longtime CEO Larry Ellison steps down and become chairman. Oracle announced Thursday that billionaire founder Ellison will be replaced by Mark Hurd and Safra Catz who will both have the CEO title. Ellison will formally be […]

Read More →

Ad tracking strategy pays off in $2.3B Conversant deal

Conversant CEO John Giuliani, who joined the company formerly known as ValueClick after selling his former venture to it. Under Giuliani's leadership, Conversant is now being sold for $2.3 billion. (courtesy photo)

By   4 days ago

  It took him two years, but John Giuliani is the man who finally made Conversant ready for a sale. And even though his stake in the Westlake Village-based advertising technology firm’s $2.3 billion cash-and-stock merger with Alliance Data Systems announced Sept. 11 will be worth about $96 million, Giuliani has no plans to cash […]

Read More →

HP jumps into the cloud with Eucalyptus buy

By   4 days ago

While it’s unclear whether the rise and sale of Goleta-based Eucalyptus Systems to tech giant Hewlett-Packard Co. was a major financial success for its investors, one thing is certain: The South Coast is now on the map as having proved the viability of open-source hybrid cloud computing and will have contributed an important component to HP’s cloud strategy going forward.

Read More →

Haas Automation plots expansion in California after deal with state

Haas Automation executive Peter Zierhut at its Oxnard plant. After considering expanding out-of-state, Haas may well stay in California, according to people familiar with the firm’s plans. (Business Times file photo)

By   4 days ago

Oxnard-based Haas Automation has struck a deal with state tax officials that could secure another machine-tool factory and thousands of high-end manufacturing jobs for Ventura County, according to people familiar with the company’s expansion plans.

Read More →

A swing at success: Edufii gets $1.4M to fund sports training platform

Edufii Chief Revenue Officer Andrew DeMille demonstrates a golf swing recorded with the San Luis Obispo-based company’s online sports training platform, which recently raised $1.4 million from investors. (courtesy photo)

By   4 days ago

San Luis Obispo-based Edufii has raised a $1.4 million round of investment for its online sports training platform.

Read More →

Real Estate View All →

Schaff buys Goleta offices from Towbes for $26.4M

By   19 hours ago

  South Coast real estate investor Victor Schaff has purchased a 120,000-square-foot-property in Goleta for $26.4 million. The property, which includes two 60,000-square-foot office buildings on a 10-acre parcel at 75 Coromar Drive in the Raytheon Business Park, was sold by Santa Barbara-based Towbes Capital Partners, the private-equity real estate affiliate of The Towbes Group. […]

Read More →

Haas Automation plots expansion in California after deal with state

Haas Automation executive Peter Zierhut at its Oxnard plant. After considering expanding out-of-state, Haas may well stay in California, according to people familiar with the firm’s plans. (Business Times file photo)

By   4 days ago

Oxnard-based Haas Automation has struck a deal with state tax officials that could secure another machine-tool factory and thousands of high-end manufacturing jobs for Ventura County, according to people familiar with the company’s expansion plans.

Read More →

SoCal Edison, nursery square off in Moorpark

By   4 days ago

Sparks are flying in a dispute between Southern California Edison and Performance Nursery, a tenant on the electric utility company’s Moorpark property. In late July, SoCal Edison sent a letter to Performance Nursery, which has leased 42 acres at Tierra Rejada Road and Arroyo Simi for almost 30 years, giving it until Oct. 15 to […]

Read More →

KeVita caps expansion with 50,000-square-foot Oxnard bottling plant

By   4 days ago

Oxnard-based probiotic drink manufacturer KeVita is expected to close on a new 50,000-square-foot bottling facility near its current home base at 2220 Celsius Ave.

Read More →

Influx of young professionals could drive Ventura County housing market

By   4 days ago

Despite a record drought, short-sighted policy making and a slow-to-start generation of self-established young workers, the outlook for Ventura County is bright. “It should be another year of expansion — you pretty much count on that — and no recession in sight, at least not yet,” said Mark Schniepp, director of the California Economic Forecast. […]

Read More →

CLU rolls out Huddle to incubate startups in Westlake Village

CLU’s new incubator space will lease space to startups and surrounding businesses, host entrepreneurship events and house classrooms for MBA classes. (courtesy photo)

By   4 days ago

California Lutheran University’s new Westlake Village co-working and teaching space, Huddle, is up and running with a slate of fall events that organizers hope will make it a hub for entrepreneurship in East Ventura County

Read More →

Auto World Center in Simi Valley sells for $3.9M

Auto World Center, a fully-leased 18,875-square-foot property in Simi Valley, has changed hands. (courtesy photo)

By   7 days ago

  A nearly 30-year-old property in Simi Valley recently traded hands for more than $3.9 million. The Auto World Center, a fully-leased 18,875-square-foot multi-tenant retail center of automotive services, was bought by the Khajerian Family Trust in all-cash deal, according to a release from the Westlake Village office of real estate firm NAI Capital. The […]

Read More →

The Mill hopes to bring Funk Zone style to Santa Barbara’s Haley Street corridor

The project at the intersection of Laguna and Hayley streets in Santa Barbara is slated to become a local-goods market. The first confirmed tenant is a winery, but the property is being marketed to South Coast vendors as a place to showcase products as well. (Nik Blaskovich / Business Times photo)

By   2 weeks ago

A much-wondered-about project at the corner of Laguna and Haley streets in Santa Barbara is poised to become the next big attraction to a corridor that area real estate insiders say is shaping up as the latest extension of the city’s Funk Zone.

Read More →

Banking & Finance View All →

TechXpress acquired for $1.6M

By   14 hours ago

San Luis Obispo-based TechXpress is being split up and sold for $1.6 million in cash and stock.

Read More →

Calavo posts record Q3, launches FreshRealm

By   5 days ago

Calavo Growers reported record third-quarter earnings, shattering analyst expectations. The Santa Paula-based produce marketer earned $16 million, or $1.02 per share, in the third quarter, up from $6.4 million, or 43 cents per share, a year earlier. it said in Sept. 15 filings. On average, analysts had been expecting earnings of 46 cents per share, […]

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Limoneira Co. chairman dies at 76

By   1 week ago

Alan Teague, longtime chairman of Ventura County agribusiness giant Limoneira Co., has died at age 76.

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Region’s Richest 2014

Ty Warner

By   2 weeks ago

Pulling back the curtain on wealth in the Tri-Counties, we rank the 20 richest people in Ventura, Santa Barbara and San Luis Obispo counties.

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Deckers tweaks name to reflect direct-to-consumer tactic

deckersWEB

By   3 weeks ago

  Deckers Outdoor Corp. is changing its public-facing name to Deckers Brands as it celebrates its listing on the New York Stock Exchange. The Goleta-based owner of Ugg, Sanuk, Teva and other popular products in footwear and accessories said its new retail channels will operate as Deckers Brands. The corporate name will remain Deckers Outdoor […]

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Teledyne to buy offshore oil equipment maker for $171M

By   3 weeks ago

Thousand Oaks-based industrial conglomerate Teledyne Technologies is buying Bolt Technology Corp., a maker of offshore oil exploration equipment, in an all-cash deal valued at $171 million. Teledyne said Sept. 3 that it will pay $22 per share to buy the Connecticut manufacturer. Bolt makes and supplies marine seismic energy products and replacement parts for offshore […]

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Amgen seeks approval for new cholesterol drug

By   4 weeks ago

Amgen became the first drugmaker to seek U.S. regulatory approval for a new class of cholesterol-lowering treatments after it submitted an application to the Food and Drug Administration on Thursday for evolocumab. Thousand Oaks-based Amgen said the drug works by blocking a naturally occurring protein called PCSK9 that prevents the liver from removing LDL cholesterol, […]

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QAD’s second-quarter profits drop despite record revenue

By   4 weeks ago

Shares of Summerland-based business software firm QAD fell Aug. 27 on news that the company’s second-quarter profits dropped 24.2 percent to $985,000. QAD reported record revenues and higher operating income during the second quarter. Its total revenue climbed 12 percent to a second-quarter record of $73.1 million, it said, up from $65.2 million in the […]

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Opinion View All →

Letter: Measure P is a step toward a greener future

By   4 days ago

Dear Editor: This letter is in reference to your Sept. 12 editorial, “Santa Barbara County takes big green step with Cuyama solar approval.” The first sentence in the first paragraph has a false and inflammatory statement: “(…) Measure P, the proposal that could ban most oil and gas production in the county (….).” Measure P […]

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Tough talks can help you root out the real problems in your business

By   4 days ago

By Esther Bleuel We live in a world where conflict is inevitable and unavoidable. It can’t be escaped, and ignoring it can cause great harm and distress. One of the biggest challenges is that most people fear having difficult conversations or “tough talks.” Why? The consequences of a conflict gone wrong may damage or actually […]

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Dubroff: Teague chose family over politics, and Ventura County prospered

By   4 days ago

Well-dressed, tall and affable, Alan Teague was a board chairman right out of central casting. The Limoneira Co. chairman had a politician’s gift for remembering names and faces. He had a welcoming way with strangers that complemented his ambition and drive. He was pretty much the most important person in Republican Party politics in West […]

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Op/ed: It pays to show gratitude in business relationships

By   4 days ago

By Scott Harris “We were very impressed and pleased with the work your team did with the video. The results were truly amazing! We know that it took a huge effort (extra effort) on the parts of many, and we would like to honor the folks who made critical contributions with a small recognition gift. […]

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Editorial: Why Calpers kicked the hedgies to the curb

By   4 days ago

When the California Public Employees Retirement System, the nation’s biggest pension plan by assets, said it would divest its $4 billion in hedge-fund holdings, the decision sent shock waves through Wall Street.

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Editorial: Santa Barbara County takes big green step with Cuyama solar approval

By   2 weeks ago

While Santa Barbara businesses are engaged in a heated debate over Measure P, the proposal that could ban most oil and gas production in the county, the Board of Supervisors has gaveled through one of the largest energy projects in recent years for the county. Shortly before deadline, a 40-megawatt solar array was unanimously passed […]

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Letter: Why the Santa Barbara chamber opposes Measure P

By   2 weeks ago

Dear Editor: I wanted to take a moment to respond to the letter you recently published from Jim Taylor regarding the Santa Barbara Region Chamber of Commerce and its stance on Measure P. Taylor is not now, nor has he or his company ever been, a member of the chamber. Our 1,000 members all pay […]

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How California is innovating its way to better economic times

Henry Dubroff

By   2 weeks ago

If there is one word that marks the current resurgence of California’s economy, it is this: innovation. During a road day on Sept. 9 that took me from the Reagan Presidential Library in Simi Valley to the new Deckers Outdoor Corp. headquarters in Goleta, the I-word was used at least a few dozen times. And […]

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East Ventura County View All →

United Way honors Ventura County, energy executive

By   4 days ago

United Way of Ventura County honored area energy executive Scott Corby and the county of Ventura with two of its top awards at its annual Spirit of Community Partnership Awards. Corby received the Milton M. Teague Award and county employees received the Roy Pinkerton award. More than 1,000 county employees contributed more than $100,000 to […]

Read More →

Ad tracking strategy pays off in $2.3B Conversant deal

Conversant CEO John Giuliani, who joined the company formerly known as ValueClick after selling his former venture to it. Under Giuliani's leadership, Conversant is now being sold for $2.3 billion. (courtesy photo)

By   4 days ago

  It took him two years, but John Giuliani is the man who finally made Conversant ready for a sale. And even though his stake in the Westlake Village-based advertising technology firm’s $2.3 billion cash-and-stock merger with Alliance Data Systems announced Sept. 11 will be worth about $96 million, Giuliani has no plans to cash […]

Read More →

Haas Automation plots expansion in California after deal with state

Haas Automation executive Peter Zierhut at its Oxnard plant. After considering expanding out-of-state, Haas may well stay in California, according to people familiar with the firm’s plans. (Business Times file photo)

By   4 days ago

Oxnard-based Haas Automation has struck a deal with state tax officials that could secure another machine-tool factory and thousands of high-end manufacturing jobs for Ventura County, according to people familiar with the company’s expansion plans.

Read More →

SoCal Edison, nursery square off in Moorpark

By   4 days ago

Sparks are flying in a dispute between Southern California Edison and Performance Nursery, a tenant on the electric utility company’s Moorpark property. In late July, SoCal Edison sent a letter to Performance Nursery, which has leased 42 acres at Tierra Rejada Road and Arroyo Simi for almost 30 years, giving it until Oct. 15 to […]

Read More →

Influx of young professionals could drive Ventura County housing market

By   4 days ago

Despite a record drought, short-sighted policy making and a slow-to-start generation of self-established young workers, the outlook for Ventura County is bright. “It should be another year of expansion — you pretty much count on that — and no recession in sight, at least not yet,” said Mark Schniepp, director of the California Economic Forecast. […]

Read More →

CLU rolls out Huddle to incubate startups in Westlake Village

CLU’s new incubator space will lease space to startups and surrounding businesses, host entrepreneurship events and house classrooms for MBA classes. (courtesy photo)

By   4 days ago

California Lutheran University’s new Westlake Village co-working and teaching space, Huddle, is up and running with a slate of fall events that organizers hope will make it a hub for entrepreneurship in East Ventura County

Read More →

Auto World Center in Simi Valley sells for $3.9M

Auto World Center, a fully-leased 18,875-square-foot property in Simi Valley, has changed hands. (courtesy photo)

By   7 days ago

  A nearly 30-year-old property in Simi Valley recently traded hands for more than $3.9 million. The Auto World Center, a fully-leased 18,875-square-foot multi-tenant retail center of automotive services, was bought by the Khajerian Family Trust in all-cash deal, according to a release from the Westlake Village office of real estate firm NAI Capital. The […]

Read More →

Oxnard Boys & Girls Club names new CEO

By   2 weeks ago

The Boys & Girls Clubs of Greater Oxnard and Port Hueneme, one of the region’s largest nonprofits, has selected Erin Reardon Antrim as its new permanent CEO. Antrim has been leading the organization as its interim chief executive since June 30, when former longtime CEO Tim Blaylock stepped down to join the national organization, Boys […]

Read More →

West Ventura County View All →

United Way honors Ventura County, energy executive

By   4 days ago

United Way of Ventura County honored area energy executive Scott Corby and the county of Ventura with two of its top awards at its annual Spirit of Community Partnership Awards. Corby received the Milton M. Teague Award and county employees received the Roy Pinkerton award. More than 1,000 county employees contributed more than $100,000 to […]

Read More →

Haas Automation plots expansion in California after deal with state

Haas Automation executive Peter Zierhut at its Oxnard plant. After considering expanding out-of-state, Haas may well stay in California, according to people familiar with the firm’s plans. (Business Times file photo)

By   4 days ago

Oxnard-based Haas Automation has struck a deal with state tax officials that could secure another machine-tool factory and thousands of high-end manufacturing jobs for Ventura County, according to people familiar with the company’s expansion plans.

Read More →

KeVita caps expansion with 50,000-square-foot Oxnard bottling plant

By   4 days ago

Oxnard-based probiotic drink manufacturer KeVita is expected to close on a new 50,000-square-foot bottling facility near its current home base at 2220 Celsius Ave.

Read More →

Influx of young professionals could drive Ventura County housing market

By   4 days ago

Despite a record drought, short-sighted policy making and a slow-to-start generation of self-established young workers, the outlook for Ventura County is bright. “It should be another year of expansion — you pretty much count on that — and no recession in sight, at least not yet,” said Mark Schniepp, director of the California Economic Forecast. […]

Read More →

Calavo posts record Q3, launches FreshRealm

By   5 days ago

Calavo Growers reported record third-quarter earnings, shattering analyst expectations. The Santa Paula-based produce marketer earned $16 million, or $1.02 per share, in the third quarter, up from $6.4 million, or 43 cents per share, a year earlier. it said in Sept. 15 filings. On average, analysts had been expecting earnings of 46 cents per share, […]

Read More →

Limoneira Co. chairman dies at 76

By   1 week ago

Alan Teague, longtime chairman of Ventura County agribusiness giant Limoneira Co., has died at age 76.

Read More →

Beer business froths over: Breweries plan major expansions in the region

Terra Lee Inglis, bar manager at Figueroa Mountain Brewing Co., pours a draft beer for a customer. (Nik Blaskovich / Business Times photo)

By   2 weeks ago

With new taprooms and expansion plans galore for the region’s craft-brew business, it’s heady days for the Tri-Counties’ beer industry.

Read More →

Port of Hueneme and city are at odds over Measure M

By   2 weeks ago

Measure M, the ballot measure that could raise taxes on contractors and other businesses in the Port of Hueneme and Naval Base Ventura County, is at the center of a political battle that pits community groups and businesses against city officials. Businesses and community groups say that if it passes, the ballot measure would create […]

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South Coast View All →

Schaff buys Goleta offices from Towbes for $26.4M

By   19 hours ago

  South Coast real estate investor Victor Schaff has purchased a 120,000-square-foot-property in Goleta for $26.4 million. The property, which includes two 60,000-square-foot office buildings on a 10-acre parcel at 75 Coromar Drive in the Raytheon Business Park, was sold by Santa Barbara-based Towbes Capital Partners, the private-equity real estate affiliate of The Towbes Group. […]

Read More →

Sientra to go public, raise up to $86.2M

By   4 days ago

Santa Barbara-based breast implant maker Sientra filed papers Sept. 19 to raise up to $86.2 million in an initial public stock offering.

Read More →

Adornetto named TMP entrepreneurship director at UCSB

By   4 days ago

Longtime South Coast technology executive Dave Adornetto has been picked to lead UC Santa Barbara’s successful startup contest. The entrepreneurship program is the largest collegiate business-pitch contest in the region and is part of UCSB’s Technology Management Program. The flagship event of the entrepreneurship program, the annual New Venture Competition, is a major on-campus happening. […]

Read More →

Ad tracking strategy pays off in $2.3B Conversant deal

Conversant CEO John Giuliani, who joined the company formerly known as ValueClick after selling his former venture to it. Under Giuliani's leadership, Conversant is now being sold for $2.3 billion. (courtesy photo)

By   4 days ago

  It took him two years, but John Giuliani is the man who finally made Conversant ready for a sale. And even though his stake in the Westlake Village-based advertising technology firm’s $2.3 billion cash-and-stock merger with Alliance Data Systems announced Sept. 11 will be worth about $96 million, Giuliani has no plans to cash […]

Read More →

HP jumps into the cloud with Eucalyptus buy

By   4 days ago

While it’s unclear whether the rise and sale of Goleta-based Eucalyptus Systems to tech giant Hewlett-Packard Co. was a major financial success for its investors, one thing is certain: The South Coast is now on the map as having proved the viability of open-source hybrid cloud computing and will have contributed an important component to HP’s cloud strategy going forward.

Read More →

Startup leaders talk shift

By   5 days ago

There’s only one thing you can be sure about in business: shift happens. Whether it’s customers coming and going or a competitor rolling out a new product, every business faces change. By their very nature, technology companies face the constant of change more than most, and the ones that succeed are the ones that embrace […]

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Farm drones, cricket flour pitched at clean investment summit

By   5 days ago

The sixth annual Clean Business Investment Summit held at UC Santa Barbara was a success, drawing more than 200 attendees and 30 investor groups. The attendees and investors head from a range of speakers and saw presentations from 17 startup teams and two student teams. Over the years, more than 575 startups and growth companies […]

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Fielding goes to Washington

By   1 week ago

Fielding Graduate University has opened an East Coast office. The Santa Barbara-based institution, which offers master’s degrees, doctoral degrees and certificates in fields such as clinical psychology, human development and organizational development and leadership, said its new office is in Washington, D.C., where it will be able to better its national outreach, build partnerships and […]

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Central Coast View All →

TechXpress acquired for $1.6M

By   14 hours ago

San Luis Obispo-based TechXpress is being split up and sold for $1.6 million in cash and stock.

Read More →

Stollmeyer family gives $1M to French Hospital

By   4 days ago

Mindbody CEO Rick Stollmeyer and his ex-wife are making a $1 million gift to French Hospital Medical Center in San Luis Obispo. Rick Stollmeyer, co-founder and chief executive of SLO-based software firm Mindbody, and Lori Stollmeyer Ryan made the gift to support the hospital’s “Well into the Future” campaign, which includes the expansion and remodel […]

Read More →

A swing at success: Edufii gets $1.4M to fund sports training platform

Edufii Chief Revenue Officer Andrew DeMille demonstrates a golf swing recorded with the San Luis Obispo-based company’s online sports training platform, which recently raised $1.4 million from investors. (courtesy photo)

By   4 days ago

San Luis Obispo-based Edufii has raised a $1.4 million round of investment for its online sports training platform.

Read More →

Beer business froths over: Breweries plan major expansions in the region

Terra Lee Inglis, bar manager at Figueroa Mountain Brewing Co., pours a draft beer for a customer. (Nik Blaskovich / Business Times photo)

By   2 weeks ago

With new taprooms and expansion plans galore for the region’s craft-brew business, it’s heady days for the Tri-Counties’ beer industry.

Read More →

Fire and law enforcement groups oppose Measure P

By   2 weeks ago

Organizations representing more than 700 public-safety officials in Santa Barbara County have taken a  stand against a ballot initiative that could eventually shut down much of the oil and gas production in the county. The Santa Barbara County Firefighters Association, the county Deputy Sheriffs Association and the Santa Barbara Police Officers Association all said Sept. […]

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Measure P puts future of oil drilling at stake

SM_oil_WEB

By   3 weeks ago

Measure P would ban the use of techniques such as hydraulic fracturing, also known as fracking, and acid stimulation, which aren’t currently in use in the county. But it would also ban practices such as cyclic steaming, which is in use at about one-third of Santa Barbara County’s nearly 1,200 wells.

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Tank Farm rolls ahead: EIR approved for 332-acre Chevron project in SLO

Chevron’s 332-acre Tank Farm proposal would include environmental remeditation and public open space, as well as a business park and commercial space. (RRM Design rendering)

By   3 weeks ago

Chevron and commercial real estate leaders says the project, which includes a business park at full build-out, will act as a catalyst for private-sector development in that portion of San Luis Obispo.

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Engineering a deal: Stantec buys Penfield & Smith

Penfield & Smith president and CEO Hady Izadpanah. (courtesy photo)

By   3 weeks ago

Since coming out of the recession, Penfield & Smith had been growing between 5 percent and 10 percent annually but that the company wasn’t hitting its full potential, CEO Hady Izadpanah told the Business Times.

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