Santa Barbara’s LogicMonitor gets $130 million investment
Latest news, TechnologyA fast-growing Santa Barbara IT firm has hit it big with a $130 million capital raise. LogicMonitor, headquartered at two offices in Santa Barbara, said Providence, R.I.,-based Providence Equity Partners invested $130 million in the IT service firm June 16. Steve Francis created the cloud-based service in 2008 that allows businesses or IT departments to Read More →
2016/2017 Giving Guide goes to press September 9
Latest news, Nonprofits, Special SectionsThe Pacific Coast Business Times Giving Guide is an annual publication featuring nonprofits, foundations, health service agencies, youth programs, educational, cultural and arts organizations. The publication offers a needed, in-depth look at many of these organizations — highlighting their goals and sharing many of the ways they contribute to our community. It is our hope Read More →
Bill would hold pipeline regulators responsible for safety oversight
Energy, Latest newsStory updated at 2 p.m. on June 15: U.S. Rep. Lois Capps’ office proposed a bill that strives to hold federal regulators responsible for inadequate pipeline safety oversight, the office announced June 14. The Pipeline and Hazardous Materials Safety Administration Accountability Act is a provision of the Pipes Act, which recently passed the House and the Read More →
Microsoft buying Lynda.com parent LinkedIn for $26 billion
Latest newsLynda.com parent LinkedIn is being acquired by Microsoft for $26 billion. LinkedIn bought the Carpinteria-based web tutorial service Lynda.com just over a year ago for $1.5 billion. Lynda.com still has about 350 employees at its office at 6410 Via Real in Carpinteria. Microsoft’s acquisition of professional social network LinkedIn is one of the largest technology Read More →
Lois Capps’ Pipeline Safety Act passes House
Energy, Latest newsThe Pipeline Safety Act, a bill that aims to improve federal oil and gas pipeline safety regulation, passed the House, U.S. Rep. Lois Capps’ office announced on June 8. Capps, D-Santa Barbara, authored the bill after last year’s Refugio oil spill, the consequences of which are still playing out throughout the Tri-Counties. This bill aims Read More →
Amgen’s new drug for migraines shows promise
Health Care & Life Science, Latest newsThousand Oaks-based Amgen said a drug being developed in collaboration with Novartis showed promising results in providing relief for patients suffering from chronic migraines. The Phase 2 clinical trial met benchmarks for migraine reduction at two levels of dosage and with limited side effects. “Migraine is the sixth-leading cause of disability worldwide. Three to seven Read More →
Limoneira misses second quarter estimates but analysts reconfirm strong outlook for year
Agribusiness, Earnings, Latest news, Tri-County Public CompaniesSanta Paula-based Limoneira reported drops in revenue and operating income for the second quarter of 2016 in an earnings report June 9. But analysts reconfirmed strong fiscal year 2016 and 2017 outlooks despite the quarter’s performance, due to favorable lemon pricing and expectations for the company’s real estate development segment. Limoneira’s recently expanded packing facility Read More →
