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WEV CEO talks planning and resilience at Santa Barbara event

By   /  Thursday, September 23rd, 2021  /  Latest news, Small Business, Top Stories, Women Inc.  /  Comments Off on WEV CEO talks planning and resilience at Santa Barbara event

How can entrepreneurs thrive in a volatile, uncertain, complex and ambiguous world? Women’s Economic Ventures CEO Kathy Odell spoke about thriving in ambiguity at a ticketed event on Sept. 22, hosted in downtown Santa Barbara by the Santa Barbara Chapter of the National Association of Women Business Owners. Amid unprecedented change, dealing with an unknown Read More →

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Procore makes its biggest acquisition yet

By   /  Thursday, September 23rd, 2021  /  Banking & Finance, Latest news, right, South Coast, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Procore makes its biggest acquisition yet

Carpinteria-based Procore Technologies moved up from No. 880 last year to No. 697 this year. (Nik Blaskovich)

Procore Technologies announced its first acquisition since going public in May, and it’s the largest one in company history. The Carpinteria-based construction software company said on Sept. 22 that it is purchasing Levelset, a New Orleans-based construction software company, for $500 million: $425 million in cash and $75 million in the form of Procore common Read More →

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Amgen wins patent case

By   /  Tuesday, September 21st, 2021  /  Banking & Finance, Biotech, East Ventura County, Latest news, Law, Tri-County Economy, Tri-County Public Companies  /  No Comments

Thousand Oaks-based Amgen had a big win in court on Sept. 20, as a federal court in New Jersey upheld multiple Amgen patents for its psoriasis treatment, Otezla. Amgen filed a patent infringement lawsuit earlier this year against two companies, Sandoz and Zydus Pharmaceuticals, claiming that their generic versions of Otezla infringed upon at least Read More →

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Deadline approaching for final round of state pandemic relief grants

By   /  Tuesday, September 21st, 2021  /  Government, Latest news, left, Nonprofits, Restaurants, Small Business, Top Stories  /  No Comments

The clock is ticking for qualified small businesses and nonprofits looking to get a financial boost from the final round of the California COVID-19 pandemic relief grant program. Applications for the ninth round of the state’s Small Business COVID-19 Relief Grant will be accepted until Sept. 30. Eligible businesses must be affected by the pandemic Read More →

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U.S. Bank’s $8B deal to buy Union Bank could make it region’s biggest banking company

By   /  Tuesday, September 21st, 2021  /  Banking & Finance, Banking Industry, Central Coast, East Ventura County, Latest news, South Coast, Top Stories, Top Story, Tri-County Economy, West Ventura County  /  Comments Off on U.S. Bank’s $8B deal to buy Union Bank could make it region’s biggest banking company

Editor’s Note: This article was originally posted Sept. 21 and updated Sept. 23 with more reporting about the pending bank merger. Union Bank’s 29-branch network in the Tri-Counties will become part of U.S. Bank in an $8 billion deal that will give Union Bank’s Japanese parent a nearly 3% stake in Minneapolis-based U.S. Bancorp. In Read More →

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Paso’s Pearce Services continues acquisition spree

By   /  Monday, September 20th, 2021  /  Central Coast, Energy, Green Coast, Latest news, Technology, Tri-County Economy  /  No Comments

Pearce Renewables, a Paso Robles-based operator of renewable energy structures, announced Sept. 16 that it has acquired Mountain Renewables, a provider of technical field services for wind energy and utility-scale solar. Pearce Renewables is a subsidiary of Pearce Services, a Paso Robles company that services infrastructure in the telecommunications, railroad, energy and utility industries. It Read More →

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Olaplex IPO will raise around $1B, company says

By   /  Monday, September 20th, 2021  /  Banking & Finance, Latest news, middle, South Coast, Top Stories, Tri-County Economy, Tri-County Public Companies  /  No Comments

Olaplex, a hair care products company founded in Santa Barbara, expects to price its initial public offering of common stock between $14 and $16 per share, the company announced Sept. 20. The company said it is offering 67 million shares, so at the midpoint of its anticipated price range, the shares would sell for around Read More →

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