Four years after launching a shoe insert that failed to bring homerun sales, Geoffrey Gray now has a thriving business in Heeluxe, a Goleta-based research lab for developing high performance footwear for the likes of New Balance, Mizuno and Deckers Brands, the parent company of Teva sandals.
In what could be the region’s biggest-ever day for tech deals, Westlake Village-based Conversant said it will be sold to Dallas-based Alliance Data Systems in a deal valued at $2.3 billion, and Santa Barbara-based Eucalyptus Systems said it will be bought by HP.
Westlake Village-based Crunchies Food Co. has filed for Chapter 11 bankruptcy protection, alleging that one of its largest vendors has attempted a hostile takeover of the fast-growing freeze-dried snacks maker.
The Land Conservancy of San Luis Obispo now has the funds to complete the purchase of the 900-acre Pismo Preserve thanks to an additional contribution from the County Board of Supervisors.
Santa Paula-based Santa Clara Valley Bank is being acquired by Sierra Bancorp for $15.3 million in an all-cash deal announced July 17. The Ventura County bank operates branches in Fillmore, Santa Paula and Valencia. With assets of about $127 million, the bank is the second-smallest bank headquartered in the Tri-Counties.
San Luis Obispo-based TekTegrity has acquired Digital Foundation, continuing a wave of consolidation in the Central Coast IT services industry.
Less than two years after it was founded, Santa Barbara-based Owl Biomedical has been acquired by a German firm. Bergisch Gladbach-based Miltenyi Biotec said April 23 that it had purchased Owl for an undisclosed sum. The heart of Owl is a chip that can sort millions of cells per minute with help from lasers and Read More →