Santa Barbara Venture Partners closes $11M fund, focuses on established software companies
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QAD to pay $2.45M in legal fees from dispute over acquisition
Santa Barbara-based QAD announced June 2 it will pay out $2.45 million in legal fees to shareholders who sued to stop the company’s acquisition by Thoma Bravo in 2021. QAD, which provides cloud software for the manufacturing industry, was purchased last year by the private equity firm Thoma Bravo in a transaction worth $2 billion. Read More →
Flood of IPOs has slowed to a trickle in 2022
After reaching new heights in 2021, including a $150 million capital raise that closed in July and surpassing $100 million in annual recurring revenue, Santa Barbara-based Impact Technologies was preparing to go public in 2022. But, with rising inflation and interest rates decimating the stock market, the IPO money that was available in 2021 has Read More →
UCSB New Venture Competition awards $11K to health startup
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Gender pay gap has faded away among region’s younger workers
Historically, women in America have earned lower average wages than men. But according to a recent study by the Pew Research Center, the wage gap among people under 30 has significantly narrowed in some areas, including the entire tri-county region. Recent Pew analysis of the 2019 American Community Survey, an annual Census Bureau program and Read More →
Real Estate: Moorpark shopping center refinanced with $24M loan
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Transphorm reports big revenue jump
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