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TechXpress acquired for $1.6M

By   /  Monday, September 22nd, 2014  /  Central Coast, Latest news, Technology, Top Stories, Tri-County Public Companies  /  No Comments

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   /  Monday, September 22nd, 2014  /  Real Estate, South Coast, Top Stories, Tri-County Economy  /  No Comments

  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   /  Friday, September 19th, 2014  /  South Coast, Technology, Top Stories  /  No Comments

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   /  Friday, September 19th, 2014  /  Central Coast, Health Care, Nonprofits, Top Stories, Tri-County Economy  /  No Comments

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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Adornetto named TMP entrepreneurship director at UCSB

By   /  Friday, September 19th, 2014  /  South Coast, Technology, Tri-County Economy  /  No Comments

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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United Way honors Ventura County, energy executive

By   /  Friday, September 19th, 2014  /  East Ventura County, Nonprofits, West Ventura County  /  No Comments

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 […]

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Henley named vice chair at Oracle

By   /  Friday, September 19th, 2014  /  Technology, Top Stories, Tri-County Economy  /  No Comments

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)

  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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