Writing fraud-proof crowdfunding rules is a a tall order for the SEC
Dude, where’s my equity crowdfunding?
The good, the bad and the fake: Santa Barbara firm double checks sales leads data
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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 →
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 →
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 →
Making the grade: Currie offers power assist to hill-challenged bicycle riders
Uncounted numbers of bicycles are gathering dust in garages, most likely because their owners are too challenged by the hills in their neighborhood. Currie Technologies, a company that moved to Simi Valley at the end of November, is growing at a robust pace by offering an alternative that saves energy costs while improving health and Read More →
