QAD’s second-quarter profits drop despite record revenue
Shares of Summerland-based business software firm QAD fell Aug. 27 on news that the company’s second-quarter profits dropped 24.2 percent to $985,000. QAD reported record revenues and higher operating income during the second quarter. Its total revenue climbed 12 percent to a second-quarter record of $73.1 million, it said, up from $65.2 million in the Read More →
50 Fastest-Growing Companies 2014 announced
Learn more about this year’s featured companies and the Sept. 18 awards event.
Competition heats up in infrared market as Flir, Seek Thermal release smartphone products
This holiday season, two South Coast firms will compete to sell what could be the hottest gadget gift of the year: affordable thermal cameras for smartphones. Goleta-based Seek Thermal, the company founded by longtime infrared entrepreneurs Bill Parrish and Tim Fitzgibbons that has raised $30 million, said Aug. 19 that it will offer a Read More →
Pacifica Hotels, Eastern Real Estate team up on hostel takeover
Last week, Santa Barbara firms Pacifica Hotels and Eastern Real Estate purchased the hostel from the Parker family.
Lynda.com hires public-company exec
Carpinteria-based online education firm Lynda.com has hired a new executive to drive its global expansion and has opened an office in San Francisco to tap Bay Area talent.
Pour no more: Small wineries oppose Santa Barbara County tasting-room ordinance
Many small wineries in rural areas of Santa Barbara County such as the Santa Ynez Valley may be unable to house tasting rooms or hold special events if county officials approve changes to a winery ordinance that has been in place since 2004.
