Santa Barbara-based Ontraport named great place for millennials to work
By Staff Report / Wednesday, June 24th, 2015 / Latest news, Small Business, Top Stories / Comments Off on Santa Barbara-based Ontraport named great place for millennials to work
Ontraport, a Santa Barbara-based small businesses management and marketing company, made the Fortune Magazine and Great Places to Work “100 Best Companies for Millennials” list. Ontraport is ranked No. 81 on the list, which looks at what millennials value most when finding a workplace. Respondents to Fortune’s survey said they desire open communication, collaboration, and Read More →
Read More →Goleta-based Transphorm gets $70M investment
By Staff Report / Tuesday, June 23rd, 2015 / Banking & Finance, Latest news, Technology, Top Stories / Comments Off on Goleta-based Transphorm gets $70M investment
Goleta-based Transphorm has received a $70 million investment. Transphorm, an early stage semi-conductor company focused on creating ways to convert electricity more efficiently, announced the investment Monday, which was led by global investment firm KKR. Transphorm will use the money to fund product innovation and expansion projects. “By merging the technological leadership of Transphorm with Read More →
Read More →Reality sets in for San Luis Obispo’s MindBody
By Philip Joens / Monday, June 22nd, 2015 / Banking & Finance, Central Coast, Latest news, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies / Comments Off on Reality sets in for San Luis Obispo’s MindBody
For San Luis Obispo’s MindBody, reality has set in. The party is over. After early excitement about its initial public offering Friday, reality set in when shares plummeted about 17.4 percent by the end of the day. MindBody shares were rebounding slightly Monday morning. MindBody raised $101 million by selling 7.2 million shares at $14 Read More →
Read More →Westlake Village’s Cynvenio Biosystems raises $25.5 million in equity financing
By Staff Report / Friday, June 19th, 2015 / Banking & Finance, Latest news, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies, West Ventura County / Comments Off on Westlake Village’s Cynvenio Biosystems raises $25.5 million in equity financing
Westlake Village-based Cynvenio Biosystems raised $25.5 million in Series B equity financing Wednesday. Cynvenio’s LiquidBiopsy technology allows doctors to access populations of rare cancer cells in whole blood. At the same time, it allows doctors to analyze complex characteristics of cancers in a single blood sample. The investment was led by Livzon Pharmaceutical Group, which Read More →
Read More →San Luis Obispo’s REC Solar acquires Stellar Energy
By Staff Report / Friday, June 19th, 2015 / Central Coast, Latest news, Top Stories, Tri-County Economy, Tri-County Public Companies / Comments Off on San Luis Obispo’s REC Solar acquires Stellar Energy
REC Solar acquired Stellar Energy from Stellar’s parent company Soligent Holdings on Wednesday in an asset purchase agreement. San Luis Obispo-based REC Solar will add 62 current solar projects and 60 megawatts to its portfolio with the acquisition of Stellar Energy, the leading solar provider in the West. “We are excited about the breadth of Read More →
Read More →MindBody IPO raises $101 million
By Staff Report / Friday, June 19th, 2015 / Banking & Finance, Central Coast, Latest news, Top Stories, Tri-County Economy, Tri-County Public Companies / Comments Off on MindBody IPO raises $101 million
San Luis Obispo’s first initial public offering in years for a non-bank company went off without a hitch on June 19 when MindBody raised slightly more than $101 million. MindBody, which develops software and provides merchant processing for yoga studios and fitness clubs, sold 7.2 million shares of stock at $14 per share Read More →
Read More →State Street becoming factory outlet center
By Henry Dubroff / Friday, June 19th, 2015 / Latest news, Opinion, Real Estate, Small Business, South Coast, Top Stories, Tourism, Tri-County Economy / Comments Off on State Street becoming factory outlet center
It was a retail icon, a testament to the 1990s rise of State Street in Santa Barbara as a shopping mecca. The very name oozed luxury and aspiration. Saks Fifth Avenue. And soon it will be gone. The property at the corner of State and Carrillo streets in the 1000 block of the center of Read More →
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