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The tri-county tech scene is buzzing at a rate unseen since the dot-com boom of the late 1990s and early 2000s. Invoca, the Santa Barbara-based telephone marketing automation firm, has joined the ranks of companies in the Tri-Counties on the path to an IPO. Invoca’s announcement June 25 capped a whirlwind spring for tri-county tech Read More →
Litigation over the May 19 Plains All American Pipeline spill off the Gaviota Coast gained a powerful combatant on June 24 when former Santa Barbara City Attorney Barry Cappello said he’d filed a class action lawsuit on behalf of 3,000 property owners from Point Conception to the Mexico border. Capello’s lawsuit comes as tar balls Read More →
Santa Monica-based Montana Avenue Capital Partners purchased the 118,394-square-foot oceanfront office campus at 6303-6309 Carpinteria Ave. in Carpinteria in a record setting deal, according to brokers who worked on the deal. The sale price was not disclosed, although the property was listed for $32.5 million. Francois DeJohn and Steve Hayes of Hayes Commercial Group represented Read More →
Ontraport, a Santa Barbara-based small businesses management and marketing company, made the Fortune Magazine and Great Places to Work “100 Best Companies for Millennials” list. Ontraport is ranked No. 81 on the list, which looks at what millennials value most when finding a workplace. Respondents to Fortune’s survey said they desire open communication, collaboration, and Read More →
Goleta-based Transphorm has received a $70 million investment. Transphorm, an early stage semi-conductor company focused on creating ways to convert electricity more efficiently, announced the investment Monday, which was led by global investment firm KKR. Transphorm will use the money to fund product innovation and expansion projects. “By merging the technological leadership of Transphorm with Read More →
For San Luis Obispo’s MindBody, reality has set in. The party is over. After early excitement about its initial public offering Friday, reality set in when shares plummeted about 17.4 percent by the end of the day. MindBody shares were rebounding slightly Monday morning. MindBody raised $101 million by selling 7.2 million shares at $14 Read More →
