AeroVironment commits $100M to new Moorpark campus
AeroVironment has doubled down on its Ventura County presence after the drone maker announced that it is investing $100 million into a unified company-owned campus across approximately 20 acres in Moorpark to bring together capabilities from five leased Southern California locations to strengthen collaboration across research, engineering, design, prototyping, and production. Founded in 1971 in Read More →
Semtech sells off cellular module business for $62M
Camarillo-based Semtech, a provider of Internet of Things products, announced that it is selling off its cellular module business to Compal Electronics for $62 million in cash, according to an Aug. 13 press release. Compal Electronics is a major Taiwanese original design manufacturer founded in 1984. The deal is expected to close in the fourth Read More →
Latigo’s successful IPO boosts Conejo Valley
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Updated: Teledyne acquires Varex Imaging for $1.1B
This story was updated on Aug. 12. Thousand Oaks-based Teledyne Technologies made one of the largest acquisitions by a Central Coast-based company this year when it announced it would be purchasing Varex Imaging for $1.1 billion in an effort to increase its exposure in the health care market. Teledyne announced Aug. 10 that it would acquire all of Read More →
Bibi Moezzi joins Community West Bank as market manager
Veteran Santa Barbara business banker Bibi Moezzi announced her move from Columbia Bank to Community West Bank, triggering a flood of comments on LinkedIn. “I’m happy to share that I am starting a new position as Market Manager at Communit West Bank,” Moezzi said in her LinkedIn post. Moezzi also will be a senior vice Read More →
The Trade Desk shares hit sharp decline after another bad earnings
Shares of Ventura-based The Trade Desk will be in the spotlinght on August 10 as the company tries to recover from a more than 20% plunge. After reporting revenues that badly missed estimates, shares of The Trade Desk fell to the 13.82 level on August 7 making it one of the worst performers on the Read More →
Procore’s AI play highlights deal frenzy
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