Mentor deal gives J&J foothold in region
UncategorizedIn the year’s biggest deal involving a tri-county-based company, health-care giant Johnson & Johnson has agreed to purchase Santa Barbara-based Mentor for $1.07 billion. “This is a really, really big day for us as a company,” Mentor President and Chief Executive Officer Joshua Levine told the Business Times the day of the announcement Johnson & Read More →
Firms fill the need for speed
UncategorizedThere’s one thing hard-pressed consumers can’t seem to get enough of – Internet speed. Three tri-county companies – Inphi, Occam Networks and Xirrus – are in the business of bandwidth, supplying speed from the Internet’s backbone to its nerves. With the rising popularity of bandwidth-hungry applications such as online video, they say demand is surging. Read More →
Dolan takes a leap into transcription game
ColumnsBob Dolan, the co-founding chief executive officer of CallWave, is back. He’s the co-founding CEO of a new Santa Barbara company called Cogi. Pronounced koh-gee and established in 2007, Cogi provides an online service to record telephone conversations and select, transcribe and share the most cogent parts. Now several CEOs removed from Dolan, Callwave shifted Read More →
Ventura Investment Co. celebrates 50 years at its Camarillo HQ
ColumnsCamarillo-based real estate development and brokerage firm Ventura Investment Co. celebrates its 50th anniversary this month. “In the past 50 years, we’ve shifted focus from new development to purchasing and renovating,” said Barton Stern, president of Ventura Investment Co. “However, we do continue to focus on multi-family and office properties.” Stern’s father, Robert, founded the Read More →
Is your IT disaster-proof?
Small BusinessWhen hundreds of homes burned in Montecito, the flames neared a cluster of financial advisers and other businesses that depend on data for their livelihood. Though none of those firms burned, the fire spurred companies to re-evaluate their IT disaster preparation plans. John Hunt, head of Santa Barbara-based IT firm CompuVision, said he’s spoken Read More →
Region
UncategorizedAfter years of losing ground to foreign competitors, cut flower growers in the Tri-Counties are hoping a new presidential administration will help them expand their market share. They are California’s largest producers of cut flowers, contributing more than $770 million a year in business activity to the region and accounting for more than 7,000 industry-related Read More →
Texas firm pays $1.4B for Ventura County office space
UncategorizedTexas-based development giant Hines Interests acquired 16 office buildings in Ventura County last week in a transaction valued at almost $1.4 billion after the previous owners were unable to make payments on their loan. The new office purchases include the 68,110-square-foot Conejo Business Park in the heart of Thousand Oaks. “This is an economic driver Read More →
