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Alive and clicking: Visus thriving after 20 years in software

By   /  Friday, June 27th, 2014  /  Small Business, South Coast, Technology, Top Stories, Tri-County Economy  /  Comments Off on Alive and clicking: Visus thriving after 20 years in software

When Michael Daoud founded Santa Barbara software firm Visus 20 years ago, America Online launched its first portal onto something called the World Wide Web, letting home users access it for the first time. About a quarter of American homes had computers, and in San Francisco, the first-ever conference on the commercial potential of the Web featured Marc Andreessen, founder of a fledgling startup called Netscape, as a key speaker.

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Procore to build out South Coast operations with $15M Bessemer raise

By   /  Friday, June 20th, 2014  /  South Coast, Technology, Top Stories, Tri-County Economy  /  Comments Off on Procore to build out South Coast operations with $15M Bessemer raise

Carpinteria-based Procore Technologies, a maker of cloud-based construction management software, recently raised $15 million from the same Silicon Valley investors that have backed Yelp, LinkedIn and Skype, bringing its total funding to date to $20.5 million.

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Procore Technologies raises $15M from Bessemer

By   /  Wednesday, June 11th, 2014  /  Latest news, South Coast, Technology, Top Stories, Tri-County Economy  /  Comments Off on Procore Technologies raises $15M from Bessemer

Carpinteria-based Procore Technologies, company that makes cloud-based construction management software, has raised $15 million from the same Silicon Valley investors that have backed Yelp, LinkedIn and Skype.

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In shape for an IPO: Mindbody launches wellness program

By   /  Friday, June 6th, 2014  /  Central Coast, Features, Latest news, Technology, Tri-County Economy  /  Comments Off on In shape for an IPO: Mindbody launches wellness program

After years of development, San Luis Obispo-based Mindbody is rolling out a major corporate wellness platform as it marches toward an initial public offering.

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QAD shares soar on narrower Q1 loss

By   /  Friday, May 30th, 2014  /  Banking & Finance, South Coast, Technology, Tri-County Public Companies  /  Comments Off on QAD shares soar on narrower Q1 loss

Shares of software firm QAD shot up almost 7 percent in midday trading on Friday after the company reported a smaller first-quarter loss. Santa Barbara-based QAD posted a quarterly loss of $76,000, or 1 cent per Class A share and break-even for Class B shares, compared to a loss of $1.3 million a year earlier. Read More →

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Mining new markets: HG Data funding rises to $5.5M

By   /  Friday, May 16th, 2014  /  Technology, Top Stories  /  Comments Off on Mining new markets: HG Data funding rises to $5.5M

With a fresh round of venture capital, Santa Barbara-based business intelligence firm HG Data is hoping to track the technology in use at about 100,000 Asian companies to complement it huge database of North American firms.

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UCSB spinout Lettuce Apps acquired by Intuit

By   /  Friday, May 9th, 2014  /  South Coast, Technology, Tri-County Economy  /  Comments Off on UCSB spinout Lettuce Apps acquired by Intuit

Lettuce Apps, a spinout out of UC Santa Barbara, has been acquired by financial software giant Intuit for an estimated $30 million. The Los Angeles-based company got its start in UCSB’s Technology Management Program, which has produced a number of successful startups including medical device maker Inogen, now a publicly traded company based in Goleta. Read More →

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