Is your IT disaster-proof?
When hundreds of homes burned in Montecito, the flames neared a cluster of financial advisers and other businesses that depend on data for their livelihood. Though none of those firms burned, the fire spurred companies to re-evaluate their IT disaster preparation plans. John Hunt, head of Santa Barbara-based IT firm CompuVision, said he’s spoken Read More →
Region
After years of losing ground to foreign competitors, cut flower growers in the Tri-Counties are hoping a new presidential administration will help them expand their market share. They are California’s largest producers of cut flowers, contributing more than $770 million a year in business activity to the region and accounting for more than 7,000 industry-related Read More →
Texas firm pays $1.4B for Ventura County office space
Texas-based development giant Hines Interests acquired 16 office buildings in Ventura County last week in a transaction valued at almost $1.4 billion after the previous owners were unable to make payments on their loan. The new office purchases include the 68,110-square-foot Conejo Business Park in the heart of Thousand Oaks. “This is an economic driver Read More →
Ampersand Publishing makes more staff cuts
The parent company of the Santa Barbara News-Press said Dec. 3 that it is eliminating 17 positions and consolidating operations of two other publications it owns. Ampersand Publishing LLC, which owns the News-Press and other publications, said that its Valley Living and Goleta Valley Voice editions will be “incorporated into the daily pages” of the Read More →
Johnson & Johnson acquires Mentor for $1.07B
One of the Tri-Counties’ largest public companies, Mentor Corp., was acquired by Johnson & Johnson Dec. 1 for about $1.07 billion. Under the terms of the agreement, Johnson & Johnson will start a tender offer to purchase all shares of Mentor at $31 – nearly double Mentor’s Nov. 28 closing price of $16.15. Santa Barbara-based Read More →
