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By Austen Hufford / Thursday, June 12th, 2014 / Banking & Finance, Technology, Top Stories, Tri-County Public Companies / Comments Off on Vitesse plans $23.2M stock offering
Shares of Vitesse Semiconductor Corp. plummeted 11.3 percent on Thursday after the company revealed plans to raise $23.2 million by selling common stock. The Camarillo-based chip design company said Thursday that the proceeds of the offering, a planned sale of 7.5 million shares at $3.35 each, would be used for working capital and general corporate Read More →
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By Staff Report / Wednesday, June 11th, 2014 / Latest news, South Coast, Technology, Top Stories, Tri-County Economy / Comments Off on Procore Technologies raises $15M from Bessemer
Carpinteria-based Procore Technologies, company that makes cloud-based construction management software, has raised $15 million from the same Silicon Valley investors that have backed Yelp, LinkedIn and Skype.
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By Staff Report / Monday, June 9th, 2014 / Banking & Finance, East Ventura County, Technology, Tri-County Economy, Tri-County Public Companies / Comments Off on Amgen hires former 3M exec as CFO
Amgen has hired David Meline, formerly with industrial conglomerate 3M Co., as its new chief financial officer. At 3M, Meline was responsible for the finances of a Minnesota-based company with more than $30 billion in worldwide revenues. Amgen, the world’s largest biotechnology firm, had profits of $5 billion in 2013, a 17 percent increase from Read More →
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By Stephen Nellis / Monday, June 9th, 2014 / South Coast, Technology / Comments Off on Tech author to reveal what your phone knows about you
Authors Robert Scoble and Shel Israel detail the convergence of five forces: social media, mobile computing, data, sensors and location. Those technologies combine to give technology companies a picture of who you are, where you are, what you’re doing and what your preferences are with a degree of accuracy previously unimaginable.
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By Stephen Nellis / Friday, June 6th, 2014 / Small Business, South Coast, Technology, Top Stories, Tri-County Economy / Comments Off on Get a move on: StartupWeekend winner taps sharing economy for moving
Moving is never fun, but a Santa Barbara startup is hoping to make it a little less stressful by connecting people who need to move with nearby truck owners looking to earn extra money. NextMover bills its service, which launched earlier this year, as “your friend with a truck.”