VSolvit wins $53M Navy contract
Thousand Oaks-based firm VSolvit has won a $53.1 million contract to provide support services to the U.S. Navy’s IT center at Naval Base Ventura County. Founded in 2006 by Payal Kamdar, VSolvit, pronounced “we solve it,” has in the past produced mapping systems for the USDA and the White House, for which it produced maps Read More →
Real estate investor buys $16.5M Venoco HQ in Carpinteria
A South Coast investor has purchased Venoco’s 50,955-square-foot headquarters building in Carpinteria. The property at 6267 Carpinteria Ave. was purchased by real estate investor Victor Schaff for an undisclosed amount. The property was listed by Hayes Commercial Group for $16.5 million. Denver-based oil and gas company Venoco has leased the glass-and-steel building, which sits on Read More →
FCAL execs grab hold of golden parachutes
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Dole to appeal $59M fine
Westlake Village-based Dole Food Co. said it will appeal to Europe’s highest court after a lower-court decision that upholds a $59.8 million fine levied by the European Union over allegations that the fresh fruit company colluded with German banana importers to fix prices. The decision, issued by the E.U.’s General Court, upheld the fine of Read More →
HG Data raises $2M, looks to Asia
Santa Barbara-based business intelligence firm HG Data has raised $2 million in venture capital from EPIC Ventures. HG Data’s technology combs millions of web documents and offline sources to create comprehensive databases of business relationships. In 2012, for example, the company released a census of which worksites were operating thousands of specific kinds of software, Read More →
Smaller Dole reports Q4 loss
A much-smaller Dole Food Co. reported a fourth-quarter loss and lower profits in 2012. The Westlake Village-based produce giant sold its worldwide packaged foods and Asian fresh foods business to Itochu Corp. out of Japan for $1.7 billion in cash earlier this year. With its packaged-foods business sold, the new Dole has a much smaller Read More →
