CalAmp reports revenue decline but net income up
Information technology company CalAmp reported on Sept. 28 a slight drop in revenue for its second quarter but a dramatic increase in net income, bringing in $12.2 million, or 34 cents per share. The company, which has operations in Oxnard, brought in $89.8 million during the quarter, down slightly from $90.5 million in the second Read More →
Ojai Community Bank sale to close Sept. 29
The Bank of the Sierra took the final step toward closing its acquisition of the parent company of Ojai Community Bank on Sept. 22, with the announcement that OCB Bancorp shareholders had voted to approve the deal. The announcement was made a day after the OCB Bancorp shareholder vote. Ojai Community Bank will close on Read More →
Our view: Santa Barbara investment policy a costly maneuver
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Dentists in Tri-Counties sinking their teeth into bank loans
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AeroVironment to supply electrical chargers for BMW, Mini
Car makers BMW and Mini selected AeroVironment to supply its electric vehicle chargers, the company announced Sept. 20. AeroVironment, based in Monrovia with operations in Simi Valley, began shipping its TurboCord charger to BMW in May. The 20-foot cord can plug into any 120-volt outlet or charge at 3.6 kilowatts when using a 240-volt outlet, Read More →
Santa Barbara IT provider Curvature names new CEO
Santa Barbara IT maintenance and network provider Curvature announced that it had named a new CEO, Peter Weber, following its merger with Charlotte, N.C.-based SMS Systems. Weber, formerly of Carpathia, which was acquired by Kansas-based QTS Data Centers in 2015, joined Curvature as executive chairman of its board of directors earlier this year. He also Read More →
CalAmp acquires minority stake in ThinxNet
CalAmp, an Irvine-based Internet of Things company with operations in Oxnard, announced a deal Sept. 19 to acquire a minority stake in Munich, Germany connected car company ThinxNet. The German startup uses technology to enable fuel payments by smartphone and create a network of gas stations. The two companies said they had been working together Read More →
