Impact raises $150M, plans 2022 IPO
Note: This article was updated July 15 to include an interview with Impact’s CEO. Impact Technologies, a cloud software company based in Santa Barbara, announced a $150 million round of venture capital funding on July 13 and is planning an initial public offering in early 2022, CEO David Yovanno told the Business Times. With the Read More →
Income up at Community Bank of Santa Maria
Community Bank of Santa Maria saw its net income rise more than 35% for the most recent quarter as total assets, deposits and net loans all increased. In a July 13 earnings statement, the bank reported net income of $1.44 million for the quarter ended June 30, 36.1% higher than the same quarter of the Read More →
Santa Barbara City College president steps down
Note: This article was updated to include information about Goswami’s severance pay. Utpal Goswami resigned as superintendent and president of Santa Barbara City College on July 12, just over a year and a half into his term. SBCC announced Goswami’s resignation after a special Board of Trustees meeting on July 12, during which the board Read More →
Real Estate: Simi Valley industrial property sold for $20M
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30 years of South Coast Deli: Santa Barbara tech scene boosts local sandwich shop
When Jim St. John launched South Coast Deli in Carpinteria 30 years ago, his goal was to bring an edgier menu to the region and as a result, he added a scoop of culinary innovation to an emerging technology hub. Basil mayo, cranberry-thyme cream cheese and a killer garlic dressing for Caesar sandwiches struck a Read More →
A century of Central Coast health
Despite vaccines, a drop in infectious rates and cities shifting from protective health measures to preventative approaches, 2021 resumes the two-year trend of health care as a focal issue in the U.S., as cities direct what they hope to be the COVID’s third and final act. With hospitals and clinics already in their communities’ spotlight, Read More →
Westlake Village card processing company agrees to $2 million-plus settlement with DA’s office
The Ventura County District Attorney’s Office announced July 9 that it has settled a civil law enforcement action against Westlake Village-based Leaders Merchant Services. The complaint alleged that Leaders violated California laws against unfair competition and misleading advertising when Leaders’ sales personnel didn’t fully disclose the company’s fees while signing customers up for payment card Read More →
