AppFolio to sell legal unit for $193M
In a move that reflects a shifting landscape for the software business, Goleta-based AppFolio said Sept. 8 that it is selling its MyCase legal practices suite of services for $193 million to a group of private equity funds. The all-cash deal concentrates AppFolio’s services in the real estate management field, where it has carved out Read More →
Raytheon gears up for Goleta hiring spree
A few months into its new life as Raytheon Technologies, one of the region’s top aerospace and defense manufacturers is on a hiring spree in Goleta. Formed by the April merger of United Technologies and Raytheon, Raytheon Technologies counts as one of its business segments Raytheon Intelligence & Space. That subsidiary employs around 1,400 people Read More →
UC files new complaint in lightbulb licensing dispute
Efforts to secure licenses for UC Santa Barbara’s LED lighting patents entered a new chapter on Aug. 31, with the launch of a second round of complaints against major retailers. Filed by Nixon Peabody on behalf of the Regents of the University of California, the complaint calls for an ITC investigation of imports by General Read More →
Region’s companies well represented on Inc. 5000 fastest-growing list
This article is only available to Business Times subscribers Subscribers: LOG IN or REGISTER for complete digital access. Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists. Check the STATUS of your Subscription Account.
Revenue up at Semtech, down at QAD
Two of the region’s top technology companies reported second quarter earnings on Aug. 26, with results underscoring how the Internet of Things and cloud computing are transforming established players in semiconductors and software. Camarillo-based Semtech Corp, with a market cap of slightly more than $4 billion, said sales for the second quarter were $143.7 million, Read More →
Vista Equity founder Robert Smith under tax investigation
Robert Smith, the founder of Vista Equity Partners, which counts Mindbody and LogicMonitor in its portfolio, is facing an investigation by U.S. tax authorities over his personal offshore holdings. According to reports first published in Bloomberg, then in the Financial Times and others, Smith has come under scrutiny over tax treatment of millions of dollars Read More →
Shoonya brings online language education to preschool set
This article is only available to Business Times subscribers Subscribers: LOG IN or REGISTER for complete digital access. Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists. Check the STATUS of your Subscription Account.
