Semtech announces $300M in debt placement to help finance Sierra acquisition
The Camarillo-based semiconductor manufacturer Semtech will raise up to $300 million in a private debt placement to help pay for its pending acquisition of Sierra Wireless. The company announced a $250 million in convertible senior notes on Oct. 6 and upped the total to $300 million the next day. The notes will pay 1.625% interest Read More →
Yardi acquires Canadian software firm
Yardi, a Santa Barbara-based property management software company, announced Oct. 11 that it had acquired Planimetron, a Toronto company that provides digital visualizations for the real estate industry. Terms of the deal were not disclosed. Yardi said it will “rebuild and rebrand” Planimetron’s platform, Propidex, and relaunch it sometime in 2023 as Space Manager, a Read More →
Santa Barbara man sentenced for Ponzi scheme
A Santa Barbara man was sentenced Oct. 11 to 11 years in federal prison and ordered to pay restitution to victims in a $14 million Ponzi scheme. Darrell Arnold Aviss, 64, was sentenced in federal court in Los Angeles. He had pleaded guilty in June to 21 felonies, including wire fraud, tax evasion, failure to Read More →
Region’s breweries take home barrel of medals from Great American Beer Festival
The tri-county region’s breweries came home from the 2022 Great American Beer Festival in Denver with gold medals in five different categories and a handful of silver and bronze medals, too. The Great American Beer Festival is one of the world’s top beer competitions, and the 2022 edition ended Oct. 8. Seven breweries based in Read More →
Cal Poly to build $30M Madden Football Center
This article is only available to Business Times subscribers Subscribers: LOG IN or REGISTER for complete digital access. Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists. Check the STATUS of your Subscription Account.
Simi Valley’s Derma E expands into thousands of stores nationwide
This article is only available to Business Times subscribers Subscribers: LOG IN or REGISTER for complete digital access. Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists. Check the STATUS of your Subscription Account.
Our View: Exhibit a fitting tribute to CSUCI’s first 20 years
CSU Channel Islands is celebrating its 20th anniversary, with an up-close-and-personal look at developments on campus through the eyes of librarian Laura Worden. A former student assistant, she has been through the entire two decades of CSUCI’s existence, and it was her job to help curate the show that’s up at the John Spoor Broome Read More →
