Semtech acquires AptoVision Technologies
Latest news, Technology, Tri-County Public CompaniesSemtech, a semiconductor and Internet of Things company based in Camarillo, signed a $28 million agreement to acquire AptoVision Technologies, a chip maker for high-definition displays based in Montreal. Semtech plans to finance the deal with cash on hand, including additional contingent payments of up to $47 million based on future financial targets, according to Read More →
MannKind hires financial adviser after boosting cash on hand
East Ventura County, Health Care & Life Science, Latest news, Technology, Tri-County Public CompaniesMannKind, a Southern California biotechnology company heading to Westlake Village, hired Greenhill & Co. as a financial and strategic adviser June 28, after requesting the last of its line of credit through a loan from the Mann Group. The company will draw on the remaining $30.1 million of funding, using $10.6 million to capitalize unpaid Read More →
Limoneira announces cash dividend
Agribusiness, Earnings, Latest news, Tri-County Public CompaniesAgribusiness and real estate company Limoneira, based in Santa Paula, announced a quarterly cash dividend for its shareholders June 27. On July 18, the company will pay 5.5 cents per common share to stockholders of record as of July 10. • Contact Marissa Nall at [email protected].
Semtech’s LoRa Alliance grows to 500 members
Latest news, TechnologyThe LoRa Alliance, founded in part by Camarillo semiconductor producer Semtech, reached 500 members, the company announced June 29. The milestone will help further the adoption of the long-range, low-power network, called LoRa or LoRaWAN, Semtech said in a news release. “With well-known global leaders in the LoRa Alliance, the IoT industry is increasingly coming Read More →
Antioch University provost resigning due to health concerns
Higher Education, Latest newsWilliam Flores, provost and vice chancellor of Antioch University Santa Barbara, is stepping down as of June 30 due to health concerns, according to a June 28 news release. Flores, who will rejoin his family in Houston, Texas, said, “I have enjoyed my time at Antioch University and am blessed to have worked with the Read More →
CalAmp reports decline in revenues
Earnings, Latest news, Technology, Tri-County Public CompaniesInternet of Things provider CalAmp, which has operations in Oxnard, announced a decline in revenues for its fiscal year 2018 first quarter, ended May 31, and net losses flat to the previous first quarter at $2.7 million. Revenues fell 3 percent to $88.1 million, primarily as a factor of the closing of the company’s satellite Read More →
Venture capital investor NGEN celebrates exit of Choose Energy
Energy, Latest news, TechnologyGreen tech venture capital investor NGEN — an early investor in Soraa with West Coast headquarters in Santa Barbara — celebrated the exit of Texas-based energy market platform Choose Energy June 26. According to reports, South Carolina-based advertising company Red Ventures spent less than $100 million in its acquisition of Choose Energy, though exact figures Read More →
