MannKind hires financial adviser after boosting cash on hand
MannKind, a Southern California biotechnology company heading to Westlake Village, hired Greenhill & Co. as a financial and strategic adviser June 28, after requesting the last of its line of credit through a loan from the Mann Group. The company will draw on the remaining $30.1 million of funding, using $10.6 million to capitalize unpaid Read More →
Semtech’s LoRa Alliance grows to 500 members
The LoRa Alliance, founded in part by Camarillo semiconductor producer Semtech, reached 500 members, the company announced June 29. The milestone will help further the adoption of the long-range, low-power network, called LoRa or LoRaWAN, Semtech said in a news release. “With well-known global leaders in the LoRa Alliance, the IoT industry is increasingly coming Read More →
CalAmp reports decline in revenues
Internet of Things provider CalAmp, which has operations in Oxnard, announced a decline in revenues for its fiscal year 2018 first quarter, ended May 31, and net losses flat to the previous first quarter at $2.7 million. Revenues fell 3 percent to $88.1 million, primarily as a factor of the closing of the company’s satellite Read More →
Venture capital investor NGEN celebrates exit of Choose Energy
Green tech venture capital investor NGEN — an early investor in Soraa with West Coast headquarters in Santa Barbara — celebrated the exit of Texas-based energy market platform Choose Energy June 26. According to reports, South Carolina-based advertising company Red Ventures spent less than $100 million in its acquisition of Choose Energy, though exact figures Read More →
UCSB joins nonprofit Alliance for Southern California Innovation
UC Santa Barbara and six other universities announced the formation of the nonprofit organization Alliance for Southern California Innovation on June 22. Led by former California Insurance Commissioner Steve Poizner and a board of directors including UCSB physics professor and vice chancellor for research Joseph Incandela, the group will work to support tech entrepreneurs and Read More →
Employee reviews rank Anant Yardi among top CEOs in the nation
Updated at 3 p.m. June 23: Anant Yardi, founder and CEO of Yardi Systems in Goleta, was named on June 21 to a list of the nation’s top corporate leaders by employer review website Glassdoor. Yardi, a member of the Pacific Coast Business Times Hall of Fame, received a Glassdoor Employees’ Choice Award recognizing the Read More →
Navigating social media at work tricky for workers, bosses
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