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Montecito Bank & Trust
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Reality sets in for San Luis Obispo’s MindBody

By   /  Monday, June 22nd, 2015  /  Banking & Finance, Central Coast, Latest news, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Reality sets in for San Luis Obispo’s MindBody

For San Luis Obispo’s MindBody, reality has set in. The party is over. After early excitement about its initial public offering Friday, reality set in when shares plummeted about 17.4 percent by the end of the day. MindBody shares were rebounding slightly Monday morning. MindBody raised $101 million by selling 7.2 million shares at $14 Read More →

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Westlake Village’s Cynvenio Biosystems raises $25.5 million in equity financing

By   /  Friday, June 19th, 2015  /  Banking & Finance, Latest news, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  Comments Off on Westlake Village’s Cynvenio Biosystems raises $25.5 million in equity financing

Westlake Village-based Cynvenio Biosystems raised $25.5 million in Series B equity financing Wednesday. Cynvenio’s LiquidBiopsy technology allows doctors to access populations of rare cancer cells in whole blood. At the same time, it allows doctors to analyze complex characteristics of cancers in a single blood sample. The investment was led by Livzon Pharmaceutical Group, which Read More →

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San Luis Obispo’s REC Solar acquires Stellar Energy

By   /  Friday, June 19th, 2015  /  Central Coast, Latest news, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on San Luis Obispo’s REC Solar acquires Stellar Energy

REC Solar acquired Stellar Energy from Stellar’s parent company Soligent Holdings on Wednesday in an asset purchase agreement. San Luis Obispo-based REC Solar will add 62 current solar projects and 60 megawatts to its portfolio with the acquisition of Stellar Energy, the leading solar provider in the West. “We are excited about the breadth of Read More →

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MindBody IPO raises $101 million

By   /  Friday, June 19th, 2015  /  Banking & Finance, Central Coast, Latest news, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on MindBody IPO raises $101 million

    San Luis Obispo’s first initial public offering in years for a non-bank company went off without a hitch on June 19 when MindBody raised slightly more than $101 million. MindBody, which develops software and provides merchant processing for yoga studios and fitness clubs, sold 7.2 million shares of stock at $14 per share Read More →

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Allergan buys Westlake Village-based Kythera for $2.1 billion

By   /  Friday, June 19th, 2015  /  East Ventura County, Health Care & Life Science, Latest news, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Allergan buys Westlake Village-based Kythera for $2.1 billion

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Entrepreneurs in Tri-Counties leading resurgence of innovation

By   /  Friday, June 19th, 2015  /  East Ventura County, Small Business, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies, West Ventura County  /  Comments Off on Entrepreneurs in Tri-Counties leading resurgence of innovation

Amid a startup wave in Santa Monica, a revitalizing downtown and an emerging tech corridor on Highway 101, a younger and hipper group of entrepreneurs is beginning to reshape the corporate culture of Greater Los Angeles. That’s part of the reason why it put a smile on my face to see two companies from Ventura Read More →

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MIT Enterprise Forum of the Central Coast heats up with thermal imaging

By   /  Thursday, June 18th, 2015  /  Central Coast, Latest news, Technology, Top Stories, Tri-County Public Companies  /  Comments Off on MIT Enterprise Forum of the Central Coast heats up with thermal imaging

A rare packed house filled the Cabrillo Pavilion Arts Center Wednesday night for the MIT Enterprise Forum of the Central Coast. The monthly event brings together businesses and technology experts to educate and inform entrepreneurs. Wednesday night, executives from Santa Barbra’s thermal imaging sector came together to inform entrepreneurs about the possibilities in thermal imaging. Read More →