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QAD profits slip despite record revenue

By   /  Thursday, March 13th, 2014  /  Banking & Finance, South Coast, Technology, Tri-County Economy, Tri-County Public Companies  /  Comments Off on QAD profits slip despite record revenue

Summerland-based QAD’s profits in its most recent fiscal year dipped 3.8 percent to $6.4 million, or 41 cents per Class A share and 34 cents per Class B share.

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Sonos discloses $535M in revenue

By   /  Wednesday, March 12th, 2014  /  Technology, Top Stories  /  Comments Off on Sonos discloses $535M in revenue

In a rare financial disclosure, Santa Barbara audio firm Sonos has disclosed that its 2013 revenue was $535 million and that total sales doubled during the past year.

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Clean Diesel shares soar on Acura contract

By   /  Tuesday, March 11th, 2014  /  Banking & Finance, Banking Industry, Technology, Top Stories, Tri-County Economy, West Ventura County  /  Comments Off on Clean Diesel shares soar on Acura contract

Clean Diesel said it has begun production of a new series of catalytic-emissions reduction products for the 2015 version of Honda’s gasoline-powered Acura TLX models. The announcement sent the Ventura-based firm’s shares soaring 74 percent higher in trading on March 11.

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Quantifying success: New fund to invest in data companies

By   /  Friday, March 7th, 2014  /  Technology, Top Stories  /  Comments Off on Quantifying success: New fund to invest in data companies

From left, Fund Manager Herb Tews, DJ Wetmore of Self Echo, Fund Director Jacques Habra and lead investor and adviser Patrick Steele of the Noospheric Quantified Fund. The fund hopes to raise up to $50 million to invest in niche data companies. (Stephen Nellis / Business Times photo)

A group of Santa Barbara entrepreneurs is looking to raise as much as $50 million for an investment fund that would finance dozens of little big-data startups.

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German entrepreneur tunes into hearing loops with Otojoy

By   /  Friday, March 7th, 2014  /  Columns, Technology  /  Comments Off on German entrepreneur tunes into hearing loops with Otojoy

A Santa Barbara entrepreneur is hoping to make life in public places a little easier for people with hearing loss. Otojoy installs hearing loops, which take audio signals from sound systems and then transmit them electromagnetically to be picked up by a special feature found in most hearing aids.

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Semtech meets Street expectations after layoffs

By   /  Wednesday, March 5th, 2014  /  Earnings, Technology, Top Stories, Tri-County Public Companies  /  Comments Off on Semtech meets Street expectations after layoffs

Camarillo-based Semtech Corp. delivered earnings on par with Wall Street expectations on March 5, holding its forecast steady as it deals with the costs of laying off 6 percent of its workforce and navigating a rough patch amid several years of growth.

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UCSB to build $74.3M bioengineering center

By   /  Tuesday, March 4th, 2014  /  Restaurants, South Coast, Technology, Top Stories, Tri-County Economy  /  Comments Off on UCSB to build $74.3M bioengineering center

With the state’s fiscal picture improving, UC Santa Barbara is set to break ground on a $74.3 million bioengineering center this summer.