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By Stephen Nellis / Friday, April 26th, 2013 / Banking & Finance, Technology, Top Stories / Comments Off on Swiss firm snags Power-One at bargain price
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By Stephen Nellis / Friday, April 26th, 2013 / Technology, Top Stories / Comments Off on Investors jump on FastSpring as revenue soars
Santa Barbara-based e-commerce company FastSpring has potentially received as much as $12.4 million in venture capital and has plans to boost hiring in the region. FastSpring, which was founded in 2005, saw its revenue reach $95 million last year. Despite having topped the Business Times’ list of fastest-growing companies and ranking high on national and Read More →
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By Staff Report / Thursday, April 25th, 2013 / Latest news, Technology / Comments Off on Goleta Entrepreneurial Magnet hires executive director
A public-private initiative to lure more tech businesses to Goleta has hired its first executive director. The Goleta Entrepreneurial Magnet, or GEM, appointed Doug Lynch to lead the group, which is a collaboration between the city of Goleta, the Goleta Valley Chamber of Commerce and UC Santa Barbara designed to create and maintain a tech Read More →
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By Staff Report / Tuesday, April 23rd, 2013 / Latest news, Technology / Comments Off on Owl Biomedical bought by German firm
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 →
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By Staff Report / Monday, April 22nd, 2013 / Features, Technology, Tri-County Public Companies / Comments Off on 101 One Hundred & Business Hall of Fame announced
The Business Times is pleased to announce our 2013 class of 101 One Hundred & Business Hall of Fame honorees. This annual special section published with the April 19 print edition. An evening awards reception for the honorees will be held on Tuesday, May 14 at the Four Seasons Resort The Biltmore Santa Barbara. [Buy Read More →
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By Staff Report / Monday, April 22nd, 2013 / Banking & Finance, Technology, Tri-County Public Companies / Comments Off on Power-One to be acquired by Swiss firm for $1B
Camarillo-based Power-One, a maker of inverters for solar power systems, is set to be acquired by Swiss industrial group ABB for $6.35 per share in a deal valued at about $1 billion. The deal bookends Power-One’s mid-2000s turnaround strategy. After struggling as a maker of computer power supplies, in 2006 Power-One bought an Italian inverter Read More →
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By Stephen Nellis / Friday, April 12th, 2013 / Features, Technology / Comments Off on The latest iteration: Westlake firm brings Silicon Valley-style expertise to area
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