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Going public with companies fuels healthy communities in Tri-Counties

By   /  Friday, July 3rd, 2015  /  Central Coast, Op/Eds, Tri-County Economy, Tri-County Public Companies  /  No Comments

The health of our communities is directly tied to the health of our local businesses. We cannot have one without the other. Although in good economic times it is easy to lose sight of our region’s competiveness to attract and retain businesses in a world where many companies can operate from anywhere. If our communities […]

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Baxter Bioscience becomes Baxalta

By   /  Wednesday, July 1st, 2015  /  East Ventura County, Latest news, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies  /  No Comments

East Ventura County has a major new employer. Deerfield, Ill.-based Baxalta Inc. was launched July 1 as health care giant Baxter International split into two companies. Former Baxter Bioscience operations in Thousand Oaks and Newbury Park are part of the Baxalta spinoff. The operations employed about 1,100 people in East Ventura County, according to the […]

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James W. Lokey appointed to board of Community West Bancshares

By   /  Monday, June 29th, 2015  /  Banking & Finance, Banking Industry, Central Coast, Latest news, Top Stories, Tri-County Economy  /  No Comments

Veteran community banker James W. Lokey has been appointed to the board of Community West Bancshares, bringing a veteran dealmaker into the Community West ranks and strengthening the Goleta-based bank’s push into San Luis Obispo County. Lokey, a resident of SLO County, was the longtime CEO of Mid-State Bank & Trust and negotiated that bank’s […]

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Appfolio has successful IPO; stock closes Monday at $13.70

By   /  Friday, June 26th, 2015  /  Latest news, South Coast, Technology, Top Stories, Tri-County Public Companies  /  No Comments

Robert Greifeld, Nasdaq CEO, left, and Brian Donahoo, AppFolio CEO.

Goleta-based Appfolio, which makes property management software for small- to medium-sized real estate managers, held its initial public offering Friday and the stock ended that day up 17.3 percent at $14.08. Appfolio stock dropped slightly on Monday, closing down 2.70 percent at $13.70. Appfolio offered 6.2 million shares of Class A common stock for $12 […]

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Tri-county tech scene taking off

By   /  Friday, June 26th, 2015  /  Central Coast, Latest news, South Coast, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  No Comments

The tri-county tech scene is buzzing at a rate unseen since the dot-com boom of the late 1990s and early 2000s. Invoca, the Santa Barbara-based telephone marketing automation firm, has joined the ranks of companies in the Tri-Counties on the path to an IPO. Invoca’s announcement June 25 capped a whirlwind spring for tri-county tech […]

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Goleta-based Transphorm gets $70M investment

By   /  Tuesday, June 23rd, 2015  /  Banking & Finance, Latest news, Technology, Top Stories  /  No Comments

Goleta-based Transphorm has received a $70 million investment. Transphorm, an early stage semi-conductor company focused on creating ways to convert electricity more efficiently, announced the investment Monday, which was led by global investment firm KKR. Transphorm will use the money to fund product innovation and expansion projects. “By merging the technological leadership of Transphorm with […]

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Reality sets in for San Luis Obispo’s MindBody

By   /  Monday, June 22nd, 2015  /  Banking & Finance, Central Coast, Latest news, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies  /  No Comments

For San Luis Obispo’s MindBody, reality has set in. The party is over. After early excitement about its initial public offering Friday, reality set in when shares plummeted about 17.4 percent by the end of the day. MindBody shares were rebounding slightly Monday morning. MindBody raised $101 million by selling 7.2 million shares at $14 […]

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