Elements makes a buy
Latest newsElements, a San Luis Obispo Web company catering to franchise businesses, announced Sept. 15 that it has acquired NetFuel Interactive, a Philadelphia-based Web company. NetFuel, formerly known as Screen Matter, also does Web design and online marketing for franchisees. It will operate from Philadelphia as a business unit of Elements, Elements said in a news Read More →
Amgen recalls some anemia drugs
Latest newsThousand Oaks-based Amgen announced Sept. 24 that it is recalling some lots of its Epogen and Procrit drugs because the vials may contain tiny glass flakes. Both are injectable drugs used to treat anemia in HIV, renal failure and chemotherapy patients. Amgen said the glass flakes are the result of interaction between the drug and Read More →
RightScale closes $25M round
Latest newsRightScale, a Santa Barbara-based cloud computing company, recently closed a $25 million round of venture funding, the company announced Sept. 22. The round was led by Tenaya Capital, a fund that spun off from Lehman Brothers in 2009. DAG Ventures, Benchmark Captital, Index Ventures and Presidio Ventures also invested in the latest round. “This represents Read More →
SB, Ventura Colleges of Law to join Chicago nonprofit
Latest newsThe Santa Barbara and Ventura Colleges of Law plan to join a Chicago-based network of nonprofit colleges, the institutions announced Sept. 21. The deal with TCS Education System is an “affiliation agreement,” Heather Georgakis, the dean of the Colleges of Law, told the Business Times. “The law school will remain its own entity,” she said. Read More →
Move buys real estate listing company
Latest newsOnline real estate company Move announced Sept. 21 that it has purchased Threewide Corp., operator of online real estate syndicator ListHub, for $13 million in cash. Move, officially based in Campbell but with major operations in Westlake Village, operates Move.com and Realtor.com. West Virgina-based Threewide will become a Move subsidiary but will maintain the ListHub Read More →
Ecomerit gets $2.4M federal grant
Latest newsCarpinteria-based Ecomerit Technologies, the latest company from the founders of Clipper Windpower, will get a $2.4 million federal grant to pursue its technology for generating renewable energy from ocean currents. U.S. Rep. Lois Capps, D-Santa Barbara, announced the grant Sept. 20. It will come from the U.S. Department of Energy, as part of $37 million Read More →
L.A. developer buys rare unimproved lot in downtown SB
Latest newsA Los Angeles-based developer purchased the 1.8-acre parcel of land at 535 E. Montecito St. — the largest unimproved site in downtown Santa Barbara — on Sept. 19. The property, listed for sale at $5.5 million, was purchased by Los Portales 48 Lots LLC from the Housing Authority of the City of Santa Barbara. The Read More →
