QAD shareholders approve acquisition by Thoma Bravo; deal expected to close in ‘coming days’
In a special meeting on Nov. 2, shareholders of QAD approved the Santa Barbara-based software company’s pending acquisition by Thoma Bravo, a deal QAD said should close “within the coming days.” The private equity firm is buying QAD in a $2 billion all-cash deal announced by the companies on June 28. When the transaction closes, Read More →
UCSB says it’s sticking with Munger’s mega-dorm
Despite drawing national attention and criticism, UC Santa Barbara isn’t backing down from the design of the proposed Munger Hall dormitory on the university’s campus. Charlie Munger, the 97-year-old vice chairman of Warren Buffet’s firm Berkshire Hathaway, has pledged $200 million to UCSB to build the student housing development. The project budget is “in the Read More →
Earnings up as Community West Bank reports 10% non-PPP loan growth
Goleta-based Community West Bancshares reported “strong” earnings in the third quarter, fueled by an expanded balance sheet and increased net interest, according to a quarterly report released Nov. 1. The parent company of Community West Bank said its net income for the most recent quarter was $3.6 million, or 41 cents per diluted share, compared Read More →
CEO of St. John’s hospitals in Oxnard and Camarillo resigns
The CEO of the two Dignity Health hospitals in Ventura County, Darren Lee, has resigned, Dignity Health announced Oct. 28. Lee was the top executive at of St. John’s Regional Medical Center in Oxnard and St. John’s Hospital Camarillo. In a statement announcing his departure, a hospital spokesperson said on Oct. 28 that he had Read More →
VCEDA’s departure marks the end of an economic development era
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Semtech hits new heights on strength of LoRa platform
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Wine Buzz: After surviving fires and pests, Ojai Valley winery faces county government
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