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CalAmp acquires minority stake in ThinxNet

By   /  Tuesday, September 19th, 2017  /  Latest news, Technology, Tri-County Public Companies  /  Comments Off on CalAmp acquires minority stake in ThinxNet

CalAmp, an Irvine-based Internet of Things company with operations in Oxnard, announced a deal Sept. 19 to acquire a minority stake in Munich, Germany connected car company ThinxNet. The German startup uses technology to enable fuel payments by smartphone and create a network of gas stations. The two companies said they had been working together Read More →

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Innovation, pot will disrupt economy of Tri-Counties

By   /  Friday, September 15th, 2017  /  Agribusiness, East Ventura County, middle, Technology, Tri-County Economy  /  Comments Off on Innovation, pot will disrupt economy of Tri-Counties

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Semtech acquires AptoVision Technologies

By   /  Monday, July 3rd, 2017  /  Latest news, Technology, Tri-County Public Companies  /  Comments Off on Semtech acquires AptoVision Technologies

Semtech, a semiconductor and Internet of Things company based in Camarillo, signed a $28 million agreement to acquire AptoVision Technologies, a chip maker for high-definition displays based in Montreal. Semtech plans to finance the deal with cash on hand, including additional contingent payments of up to $47 million based on future financial targets, according to Read More →

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CalAmp reports decline in revenues

By   /  Tuesday, June 27th, 2017  /  Earnings, Latest news, Technology, Tri-County Public Companies  /  Comments Off on CalAmp reports decline in revenues

Internet of Things provider CalAmp, which has operations in Oxnard, announced a decline in revenues for its fiscal year 2018 first quarter, ended May 31, and net losses flat to the previous first quarter at $2.7 million. Revenues fell 3 percent to $88.1 million, primarily as a factor of the closing of the company’s satellite Read More →

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Oxnard’s CalAmp partners with Autobrain

By   /  Thursday, June 22nd, 2017  /  Latest news, Technology, Tri-County Public Companies  /  Comments Off on Oxnard’s CalAmp partners with Autobrain

Internet of Things provider CalAmp, with operations in Oxnard, announced a partnership with Boca Raton, Fla-based Autobrain. Autobrain’s platform will use CalAmp’s networks to bring smart car capabilities to regular vehicles, according to the June 22 news release. Devices like OBD sensors and telematics systems will enable consumers to track their car’s location and condition Read More →

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Semtech earnings fall short of analyst estimates

By   /  Thursday, June 1st, 2017  /  Earnings, Latest news, Technology, Tri-County Public Companies  /  Comments Off on Semtech earnings fall short of analyst estimates

Semtech announced first quarter 2018 earnings of $11.8 million June 1, a 71 percent increase over the previous first quarter for earnings per share of 18 cents — missing analyst estimates ranging from 28 to 41 cents per share. Net sales rose 9.6 percent to $143.8 million during the quarter ended April 30, after deducting Read More →

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Westlake Village startups close in on Innovation Open prize

By   /  Friday, February 10th, 2017  /  Education, Latest news, Technology  /  Comments Off on Westlake Village startups close in on Innovation Open prize

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