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By Henry Dubroff / Friday, June 17th, 2016 / Columns, Latest news, Technology / Comments Off on Dubroff: Why Microsoft’s acquisition of LinkedIn might be out of sync
Just one year ago, LinkedIn made history on the Central Coast when it created the region’s first unicorn, buying Lynda.com for $1.5 billion. Now LinkedIn is selling itself to Microsoft for $26 billion, or an estimated 79 times operating earnings, in what Bloomberg and the New York Times DealBook column describe as one of the Read More →
California lawmakers included an initiative to help startups at UC campuses throughout California in a $122.5 billion budget passed by the legislature June 15. Assemblywoman Jacqui Irwin, D-Thousand Oaks, proposed the initiative, which will give $2 million every year to each UC campus and the Lawrence Berkeley National Laboratory to start or expand business incubators. Read More →
By Staff Report / Thursday, June 16th, 2016 / Latest news, Technology / Comments Off on Santa Barbara’s LogicMonitor gets $130 million investment
A fast-growing Santa Barbara IT firm has hit it big with a $130 million capital raise. LogicMonitor, headquartered at two offices in Santa Barbara, said Providence, R.I.,-based Providence Equity Partners invested $130 million in the IT service firm June 16. Steve Francis created the cloud-based service in 2008 that allows businesses or IT departments to Read More →
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