Vitesse tees up stock offering
Camarillo-based Vitesse Semiconductor is planning a stock offering despite years of losses and a shareholder base that’s underwater in terms of book value. Vitesse said Dec. 6 that it plans an offering that will be underwritten by Needham & Company as the sole bookrunning manager of the offering and Craig-Hallum Capital Group as co-manager. The Read More →
Read More →ValueClick names new CEO
Two and a half years after James Zarley took the helm of ValueClick, the digital marketing company said he’s being replaced by new president and CEO John Giuliani. Giuliani, who’s been the Westlake Village-based firm’s chief operating officer since April, will step into his new role immediately. He succeeds Zarley, who has been the marketing Read More →
Read More →Shopatron closes $4M financing
San Luis Obispo-based e-commerce firm Shopatron has closed a $4 million credit facility with Multiplier Capital, a venture debt fund. Founded in 2001, Shopatron makes an e-commerce system that lets branded manufacturers sell products directly from their websites and fulfill the order through a dealer near the customer via delivery or in-store pickup. While large Read More →
Read More →Savor nears break-even with record ticket sales
The third annual Savor the Central Coast posted record numbers for attendance and revenue. The food and wine event is presented by the San Luis Obispo County Visitors and Conference Bureau and Sunset magazine. It hosted nearly 10,000 guests at the Santa Margarita Ranch over the four days between Sept. 27 and Sept. 30, reflecting Read More →
Read More →RiverPark theaters spark $8M dispute
The dissolution of California’s redevelopment agencies has left the developers of RiverPark in Oxnard wondering where to send an $8 million check. In a lawsuit filed Nov. 26, Ventura County Superior Court, the project’s developer, Shea Properties, allege that a dispute has broken out over $8 million they promised to pay in a deal to Read More →
Read More →Amgen Tour to hit Santa Barbara, Avila Beach
[Editor’s note: This story has been updated with additional information.] The Amgen Tour of California will return to Santa Barbara and visit Avila Beach for the first time ever when the Tri-Counties hosts the end of Stage 4 and all of Stage 5 for the eight-year-old road cycle racing event next year. AEG, presenter of Read More →
Read More →RingRevenue dials up $3.25M in funding
Santa Barbara-based RingRevenue has raised $3.25 million in fresh venture capital in a round led by investors GRP Partners and Rincon Venture Partners, bringing its total funding to date to more than $10 million. The company, founded in 2007, initially built a technology platform to let digital advertisers track sales calls the way they track Read More →
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