TechXpress acquired for $1.6M
By Stephen Nellis / Monday, September 22nd, 2014 / Central Coast, Latest news, Technology, Top Stories, Tri-County Public Companies / Comments Off on TechXpress acquired for $1.6M
San Luis Obispo-based TechXpress is being split up and sold for $1.6 million in cash and stock.
Schaff buys Goleta offices from Towbes for $26.4M
By Staff Report / Monday, September 22nd, 2014 / Real Estate, South Coast, Top Stories, Tri-County Economy / Comments Off on Schaff buys Goleta offices from Towbes for $26.4M
South Coast real estate investor Victor Schaff has purchased a 120,000-square-foot-property in Goleta for $26.4 million. The property, which includes two 60,000-square-foot office buildings on a 10-acre parcel at 75 Coromar Drive in the Raytheon Business Park, was sold by Santa Barbara-based Towbes Capital Partners, the private-equity real estate affiliate of The Towbes Group. Read More →
Sientra to go public, raise up to $86.2M
By Stephen Nellis / Friday, September 19th, 2014 / South Coast, Technology, Top Stories / Comments Off on Sientra to go public, raise up to $86.2M
Santa Barbara-based breast implant maker Sientra filed papers Sept. 19 to raise up to $86.2 million in an initial public stock offering.
Stollmeyer family gives $1M to French Hospital
By Staff Report / Friday, September 19th, 2014 / Central Coast, Health Care & Life Science, Nonprofits, Top Stories, Tri-County Economy / Comments Off on Stollmeyer family gives $1M to French Hospital
Mindbody CEO Rick Stollmeyer and his ex-wife are making a $1 million gift to French Hospital Medical Center in San Luis Obispo. Rick Stollmeyer, co-founder and chief executive of SLO-based software firm Mindbody, and Lori Stollmeyer Ryan made the gift to support the hospital’s “Well into the Future” campaign, which includes the expansion and remodel Read More →
Henley named vice chair at Oracle
By Staff Report / Friday, September 19th, 2014 / Technology, Top Stories, Tri-County Economy / Comments Off on Henley named vice chair at Oracle
Santa Barbara resident Jeff Henley will become vice chairman of the board of software giant Oracle Corp. as longtime CEO Larry Ellison steps down and become chairman. Oracle announced Thursday that billionaire founder Ellison will be replaced by Mark Hurd and Safra Catz who will both have the CEO title. Ellison will formally be Read More →
Ad tracking strategy pays off in $2.3B Conversant deal
By Stephen Nellis / Friday, September 19th, 2014 / East Ventura County, South Coast, Technology, Top Stories, Tri-County Economy / Comments Off on Ad tracking strategy pays off in $2.3B Conversant deal
It took him two years, but John Giuliani is the man who finally made Conversant ready for a sale. And even though his stake in the Westlake Village-based advertising technology firm’s $2.3 billion cash-and-stock merger with Alliance Data Systems announced Sept. 11 will be worth about $96 million, Giuliani has no plans to cash Read More →
HP jumps into the cloud with Eucalyptus buy
By Stephen Nellis / Friday, September 19th, 2014 / South Coast, Technology, Top Stories, Tri-County Economy / Comments Off on HP jumps into the cloud with Eucalyptus buy
While it’s unclear whether the rise and sale of Goleta-based Eucalyptus Systems to tech giant Hewlett-Packard Co. was a major financial success for its investors, one thing is certain: The South Coast is now on the map as having proved the viability of open-source hybrid cloud computing and will have contributed an important component to HP’s cloud strategy going forward.