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Montecito Bank & Trust
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Ventura County deals fire up 101 corridor

By   /  Friday, January 11th, 2013  /  Banking & Finance, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Ventura County deals fire up 101 corridor

Ventura County’s technology corridor has kicked off 2013 with $173 million in deal activity. Thousand Oaks-based Nexsan Corp., a maker of hard-disk storage arrays for mid-sized businesses, said Jan. 2 that it had been acquired by Minnesota-based Imation Corp. for $120 million. Oxnard-based wireless products company CalAmp Corp. said Dec. 20 that it is buying Read More →

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Amgen inks $180M nanomedicine deal

By   /  Tuesday, January 8th, 2013  /  Banking & Finance, Latest news, Tri-County Public Companies  /  Comments Off on Amgen inks $180M nanomedicine deal

Thousand Oaks-based Amgen has entered a deal to pay up to $180.5 million for nanomedicine tumor treatments being developed by a Massachusetts company. Cambridge-based Bind Biosciences said it has entered a development agreement with Amgen for its kinase inhibitor nanomedicines for treating a range of solid tumors. The medicines are highly targeted and can be Read More →

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Nexsan sold for $120M

By   /  Thursday, January 3rd, 2013  /  Banking & Finance, Latest news, Technology  /  Comments Off on Nexsan sold for $120M

Thousand Oaks-based Nexsan Corp., a maker of hard-disk storage arrays for mid-sized businesses, has been purchased by Imation Corp. for $120 million. Imation will pay $105 million in cash and 3.3 million common shares, worth about $15 million, for the Thousand Oaks firm. Nexsan is privately held but kicked off an unsuccessful bid to go Read More →

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CalAmp buys Wireless Matrix for $53M

By   /  Wednesday, January 2nd, 2013  /  Banking & Finance, Latest news, Technology, Tri-County Public Companies  /  Comments Off on CalAmp buys Wireless Matrix for $53M

Oxnard-based wireless products company CalAmp Corp. said Dec. 20 that it is buying the U.S. operations of Wireless Matrix Corp. for $53 million in cash. CalAmp said it expects the deal, which will likely close in the first quarter of 2013, to be accretive to its non-GAAP earnings starting in 2014. Wireless Matrix is a Read More →

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QAD buys Michigan firm for $5M

By   /  Monday, December 31st, 2012  /  Banking & Finance, Latest news, Technology, Tri-County Public Companies  /  Comments Off on QAD buys Michigan firm for $5M

Santa Barbara-based manufacturing software firm QAD said Dec. 31 that it purchased Michigan-based Cebos for $5 million in cash. QAD sells planning and management software used by large manufacturing firms around the world. Cebos provides management and regulatory compliance software. QAD will pay $3.5 million upon closing the deal and then $1.5 million subject to Read More →

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Ryland plots a comeback: Homebuilder expects first profitable year since 2006

By   /  Friday, December 21st, 2012  /  Banking & Finance, Features, Tri-County Public Companies  /  Comments Off on Ryland plots a comeback: Homebuilder expects first profitable year since 2006

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Amgen buys DeCode Genetics for $415M

By   /  Monday, December 10th, 2012  /  Banking & Finance, Latest news, Technology, Tri-County Public Companies  /  Comments Off on Amgen buys DeCode Genetics for $415M

Biotech giant Amgen is buying Icelandic genetics research firm DeCode Genetics for $415 million, the Thousand Oaks company said Dec. 10. The all-cash deal is expected to close before the end of the year and will give Amgen, the largest biotechnology firm in the world, opportunities to develop new medicines that target defective DNA. “DeCode Read More →