Semtech announces $300M in debt placement to help finance Sierra acquisition
The Camarillo-based semiconductor manufacturer Semtech will raise up to $300 million in a private debt placement to help pay for its pending acquisition of Sierra Wireless. The company announced a $250 million in convertible senior notes on Oct. 6 and upped the total to $300 million the next day. The notes will pay 1.625% interest Read More →
Yardi acquires Canadian software firm
Yardi, a Santa Barbara-based property management software company, announced Oct. 11 that it had acquired Planimetron, a Toronto company that provides digital visualizations for the real estate industry. Terms of the deal were not disclosed. Yardi said it will “rebuild and rebrand” Planimetron’s platform, Propidex, and relaunch it sometime in 2023 as Space Manager, a Read More →
Santa Barbara man sentenced for Ponzi scheme
A Santa Barbara man was sentenced Oct. 11 to 11 years in federal prison and ordered to pay restitution to victims in a $14 million Ponzi scheme. Darrell Arnold Aviss, 64, was sentenced in federal court in Los Angeles. He had pleaded guilty in June to 21 felonies, including wire fraud, tax evasion, failure to Read More →
Cal Poly to build $30M Madden Football Center
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Simi Valley’s Derma E expands into thousands of stores nationwide
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Shape Sensing Company brings fiber optics to health care
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Biden’s announcement has region’s cannabis companies seeing green
Glass House Brands purchased Houweling’s Tomatoes greenhouses in Camarillo with the hopes of growing and selling cannabis not just for the state of California, but for the entire country. After president Joe Biden’s announcement on multiple cannabis issues Oct. 6, including potentially removing the drug from the most restrictive tier of federal controls, that hope Read More →
