Synectic continues growth trajectory with $39M contract win
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Teledyne to acquire Netherlands-based company
Thousand Oaks-based Teledyne has entered into an agreement to purchase Netherlands-based Adimec Holding B.V. for an undisclosed amount, the company announced Feb. 13. Adimec, founded in 1992 and headquartered in Eindhoven, Netherlands, develops customized high-performance industrial and scientific cameras for applications where image quality is of paramount importance. Edwin Roks, Teledyne’s CEO, said Aidmec possesses Read More →
4.6 Earthquake Shakes Eastern Ventura County
A magnitude 4.6 earthquake struck near Malibu and Thousand Oaks at 1:47 p.m. Friday. According to the U.S. Geological Survey, the temblor’s epicenter was about 7.5 miles northwest of Malibu. The quake could be felt throughout the area, including in Thousand Oaks. Patrick Maynard, the director of Ventura County’s Office of Emergency Services, told the Read More →
Sonos shares tick up 12% day after earnings beat
Santa Barbara-based Sonos delivered a welcomed surprise to analysts on Feb. 6 when the company shared its results for the first quarter of 2024 and teased its new product launch — a process set to begin in the next few months. Sonos, a maker of speakers and other products, announced revenue of $612.8 million and Read More →
CLU president alludes to no-confidence vote in state of school speech
California Lutheran University President Lori Varlotta on Feb. 6 gave her first public address since a faculty no-confidence resolution in her last month. While she didn’t mention the resolution by name in her State of the University speech at the Thousand Oaks-based school, Varlotta alluded to it, citing factors she believes fueled it. “There’s never Read More →
Santa Barbara startup uses AI to unravel customer feedback process
Correction: A former version of this story said Millner graduated from UCSB. He graduated from Duke. After spending a few years at Amazon, Ryan Millner and Ashwin Singhania missed the startup scene. Singhania, a graduate from UC Santa Barbara, and Millner, a graduate from Duke University, started their careers at the Santa Barbara-based startup FindTheBest, Read More →
Greater Central Coast becomes Sutter Health’s sixth community market
Sutter Health, a Sacramento-based nonprofit integrated health system, announced on Jan. 31 that its sixth community-based market will be the Greater Central Coast. The market will be anchored by Sansum Clinic, a 103-year-old nonprofit outpatient healthcare organization based in Santa Barbara, which officially became part of Sutter Health in October. “Our community-based markets allow us Read More →
