Sarah de Crescenzo

Staff Reporter

Email: sarahd@sdbj.com
Phone: 858-277-6359 Extension: 3120

Recent Stories

Educators Awarded Endowed Professorships

LEADERSHIP: UCSD Recognizes Joint Effort of Engineering, Management

The pair of professors who lead the UC San Diego Institute for the Global Entrepreneur, a collaborative effort between the Jacobs School of Engineering and the Rady School of Management launched in 2016, have been awarded endowed professorships.

Investors Put $7M on Green, Measurabl’s Sustainable Platform

San Diego software startup Measurabl raised a $7 million Series A financing round led by Camber Creek, a venture capital firm that invests primarily in real estate technology, the company said April 16.

Astute Medical Acquired In $90M Cash Deal

French diagnostics giant bioMérieux acquired San Diego-based Astute Medical in a $90 million cash deal announced earlier this month.

VaultRMS, Developer of Software for Firefighters to Track Toxic Exposures, Is Acquired

Envisage plans to offer free access to VaultRMS' Exposure Tracker as part of itsFirstForward training network.

Real Estate Tech Startup Agentology Raises $12M

The company, which qualifies and pursues leads for real estate agents, employs about 150 people in San Diego.

CDC Small Business Finance to Receive SBA Award

CDC Small Business Finance has facilitated more than $13 billion in financing to more than 11,000 small businesses.

Brain Corp. Adds to Its Roster of Floor-Cleaning Machine Cos.

TECH: AI Likely To Be Necessary Part Of Cleaning Operations

Brain Corp., which makes artificial intelligence-powered navigation software that lets machines operate autonomously, has inked a deal with Tennant Co., a publicly traded Minnesota-based company that designs, sells and markets cleaning equipment worldwide.

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Qualcomm Announces Quarterly Dividend of 62 Cents Per Share

The dividend payout will be 9 percent higher than what shareholders have received quarterly since April of 2017.

New Private Equity Firm Opens in Carlsbad

The firm said it aims to invest in lower middle market companies in the manufacturing, niche software, business services and food sectors.

Qualcomm Launches Platform for IoT Devices

Qualcomm said video products provider Kedacom and camera maker Ricoh are planning to develop products based on the new platform.

Union Bank Names New Regional Director for San Diego Private Banking Team

Barry Wellins' experience includes a prior stint with Union Bank: From 2001-2003, Wellins was the bank's Santa Monica branch manager.

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Poseida Therapeutics Raises $30.5M to Further Develop Cancer Treatments

The biotechnology company described the financing round as oversubscribed.

Gurtin Municipal Bond Management Opens Third Office

The firm, which specializes in municipal bond portfolio management, had $14 billion in discretionary assets under management as of March 31.

Acadia Pharmaceuticals' Stock Tanks on Report of Deaths of Some Users of its Flagship Drug

Acadia fell from over $21 per share to $16.50 as of market close April 9.

Clarify Medical Taps Former Neothetics CEO as New Leader

Clarify Medical's CEO was formerly head of Neothetics, which merged into San Diego company Evofem Biosciences after its experimental drug failed in the clinic.

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Health Care Solutions Take First, Second Place at Ignite

SoleMate, a company started by UC San Diego bioengineering students Surabhi Kalyan and Kristine Khieu, took first place at the school’s second annual Ignite Conference pitch competition.

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On Demo Day, Life’s a Pitch

EvoNexus is hosting a Demo Day at which eight of its founders will pitch their companies.

Firm’s Impact Investing Puts Community in Lending Equation

$10M Fund Targeted for ‘Community-Minded’ Borrowers

A group of San Diego investors is betting on locally based nonprofit organizations and social enterprises to the tune of $10 million.

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Qualcomm’s $100 Question

Co. Faces Many Challenges to Boost Languishing Stock Price, Fulfill Pledge to Stockholders

The San Diego chipmaking giant is preparing to face shareholders at its previously postponed annual shareholders meeting, scheduled for March 23.

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Phenix Salon Suites, Encinitas-Based Franchise, Gets PE Investment

The salon suite franchise, which provides individual stylists with individual suites, has more than 200 locations - but plans to grow to 1,000 sites in the next five years.

Teradata Corp. Names First COO, CMO

Teradata Corp., the publicly traded data analytics business that has about 1,000 employees in Rancho Bernardo, has created and filled two new executive positions based in San Diego.

Citing Buyout Talk, Qualcomm Board Says It Won't Renominate Paul Jacobs

Until recently he was executive chairman of the board.

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Report: Qualcomm Director Paul Jacobs Considers Bid for Firm

It's unclear how he would finance a bid for the company, which has a market value of about $90 billion.

ThinkTank Debuts TacticalLaunch, Veteran-Focused Incubator Program

ThinkTank Innovation plans to launch additional incubator and accelerator programs for entrepreneurs in the future.

Broadcom Ends Qualcomm Bid in Wake of U.S. Presidential Order

As ordered, Broadcom has also withdrawn its slate of nominees for the Qualcommm board of directors.

Startup San Diego Looks to Hire First Full-Time Head

Startup San Diego wants to become a year-round presence in the startup scene, and is looking to hire an executive director to make it happen.

Microlender Accion Reports Lending $3.6M to SoCal Businesses in 2017

Accion's new Rapid Loan program streamlines the process of getting smaller loans, which the organization said it expects to lead to a higher volume of lending this year.

Investors Clear Path For Bank’s Initiatives

BANKING: Funding Backs Fintech Plans, Possible IPO

San Diego’s Silvergate Bank plans to go public as soon as this year — and its prescient bet on fintech has helped it prepare by more than doubling its equity capital, bringing on a dozen new strategic investors — including its first-ever cryptocurrency client.

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Qualcomm Stock Down 5 Percent Following Order Barring Broadcom Bid

The deal was prohibited at the recommendation of a Treasury Department committee that reviews transactions for nation security implications.

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Trump Blocks Broadcom Bid to Acquire Qualcomm

The order directs Broadcom to end its proposed takeover of the San Diego tech giant.

Broadcom, in Hastening HQ Move to U.S., Disgruntles Feds Investigating Qualcomm Bid

The Committee on Foreign Investment in the United States, which is investigating Broadcom's proposal to acquire Qualcomm, said the transaction would harm national security.

Teradata Corp. Names First COO, CMO

About two-thirds of Teradata's leadership team are based in San Diego.

Platform to Build Big Picture With Diverse Data

BIOTECH: Customer Controls Info, Can Contribute to Research

Between 23andMe, the omnipresent Fitbit and the electronic medical records created with each doctor’s visit, quantifying our health has become mainstream.

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Qualcomm Hikes Quarterly Dividend 9 Percent

The move comes as the company readies for a meeting at which its shareholders will vote whether or not to replace the majority of its board with Broadcom nominees.

San Diego Venture Group Recruiting Startups for Next 'Cool Companies' Cohort

Companies that are selected get introductions to prospective mentors, advisors and investors.

Qualcomm's Paul Jacobs Out as Executive Chairman

Jeffrey Henderson, an independent Qualcomm director, will now head the board as its non-executive chairman.

ICW Group Insurance Cos. Expands to 5 More States

The company, which quotes more than $3 billion annually, is the largest privately held insurance company in California.

Executive Q&A: Shane Yonston, Impact Investors

Millennials are driving demand for sustainable investment options.

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A Healthy Financial Impact

Investors Increasingly Seek Outlets For Social, Environmental Options

Demographic changes and the availability of more information than ever about businesses’ operations are contributing to a shift toward sustainable and impact investment options.

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PeopleFacts Acquires Oklahoma-Based Background Screening Co.

The firms combined will serve more than 10,000 companies across the U.S.

Co. Not Just Blowing Hot Air With Tech Label

BEAUTY: Cordless Hair Dryer Was an Engineering Challenge

Ryan Goldman held his hand to the mouth of the roaring blow dryer, feeling its power and heat.

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LoanHero Brand 'Retired' Post-Acquisition

Derek Barclay, cofounder of LoanHero, is relocating to Georgia, where LendingPoint is headquartered.

National Security Concerns Prompt U.S. Government Panel to Investigate Broadcom Bid for Qualcomm

Qualcomm investors were slated to vote March 6 on whether to give Broadcom a majority on Qualcomm's board of directors. The Committee on Foreign Investment in the United States has ordered the meeting delayed.

Bank of Southern California to Buy L.A.-Based Bank

San Diego’s Bank of Southern California plans to buy a Los Angeles-based bank in a cash-and-stock deal valued at about $44.1 million, a move that would create a new company with about $750 million in total assets. The bank it plans to acquire, Americas United Bank, was founded in 2006 by a group of Los Angeles-based entrepreneurs.

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Encore Capital Reports Net Income of $83.4M

Encore Capital Group Inc., a San Diego-based company that buys and sells credit card debt, reported 2017 net income of $83.4 million on total revenues of $1.2 billion.

Silvergate Bank Reports Record Net Income

Silvergate Bank has reported net income of $8.7 million in 2017, the highest in the bank’s history and about 7 percent higher than its 2016 total, $8.1 million.

Ignite Conference Part of UCSD’s Expanding Entrepreneurial Efforts

Certain California universities have a reputation for churning out companies in addition to ground-breaking research.

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Guild Mortgage’s Loan Volume Down Slightly

San Diego lender Guild Mortgage has reported overall loan volume of $15.94 billion for 2017, down less than 1 percent from $15.96 billion in 2016.

Garden Fresh, Souplantation Parent Co., Hires New CFO

Donald Breen was previously chief financial officer and corporate secretary at Cheddar's Scratch Kitchen, which was acquired for $780 million by Olive Garden parent company Darden Restaurants in 2017.

Entrepreneur in Carlsbad Envisions Part Incubator, Part Coworking Space

Jeran Fraser knows what it’s like to be an entrepreneur.

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