RISE, Stand Strong Merge
Two San Luis Obispo County sexual assault and domestic violence organizations are merging. RISE and Stand Strong announced July 1 that they’re merging, with the new name and logo to be announced on July 14. The new organization’s leadership team will include people from both non-profits, including Jennifer Adams, the former executive director of Stand Read More →
AeroVironment shares drop after earnings report
AeroVironment, a drone and robotics company with its chief operations in Simi Valley, delivered record revenue in the fourth quarter and full year of 2021, according to earnings released June 29, but a couple of key losses led to a year-to-year earnings drop. In the fourth quarter of its 2021 fiscal year, AeroVironment posted a Read More →
Latino Business Awards honorees announced; LBA celebrates 10th anniversary
This year the Business Times is happy to announce our 10th annual Latino Business Awards winners. The 10-year anniversary special report print and digital editions published June 21. Celebrate this year’s award winners at our Latino Business Awards signature special events, recognizing Latino business leaders in dynamic industries, such as banking and finance, health care, nonprofits and Read More →
United Dropping Two Santa Maria Routes
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Thoma Bravo deepens investment in region with $2B acquisition of QAD
Editor’s note: This article was originally posted June 28, and updated July 1 with additional reporting on the pending deal. The enterprise software company QAD is being acquired by Thoma Bravo in an all-cash transaction worth around $2 billion, another sign of growth in the Santa Barbara technology industry. Santa Barbara-based QAD, which provides cloud Read More →
Revenue and losses both grow at Transphorm
Goleta-based Transphorm generated a slight bump in revenue in the fourth quarter of its 2020-21 fiscal year, but net losses continued to mount for the company, according to financial results released June 24. Transphorm reported a loss of $6.5 million, or 16 cents per share, in the fourth quarter, up from a net loss of Read More →
PPP loans in region approach $4 billion
Employers in the tri-county region received almost $4 billion in forgivable loans through the federal Paycheck Protection Program, aimed at preserving more than 450,000 jobs in the region, according to a Business Times analysis of U.S. Small Business Administration data. The PPP loan application period ended on May 31, 2021, for both the First and Read More →
