Sarah de Crescenzo
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.
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.
French diagnostics giant bioMérieux acquired San Diego-based Astute Medical in a $90 million cash deal announced earlier this month.
Envisage plans to offer free access to VaultRMS' Exposure Tracker as part of itsFirstForward training network.
The company, which qualifies and pursues leads for real estate agents, employs about 150 people in San Diego.
CDC Small Business Finance has facilitated more than $13 billion in financing to more than 11,000 small businesses.
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.
The dividend payout will be 9 percent higher than what shareholders have received quarterly since April of 2017.
The firm said it aims to invest in lower middle market companies in the manufacturing, niche software, business services and food sectors.
Qualcomm said video products provider Kedacom and camera maker Ricoh are planning to develop products based on the new platform.
Barry Wellins' experience includes a prior stint with Union Bank: From 2001-2003, Wellins was the bank's Santa Monica branch manager.
The biotechnology company described the financing round as oversubscribed.
The firm, which specializes in municipal bond portfolio management, had $14 billion in discretionary assets under management as of March 31.
Acadia fell from over $21 per share to $16.50 as of market close April 9.
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.
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.
EvoNexus is hosting a Demo Day at which eight of its founders will pitch their companies.
$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.
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.
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., 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.
Until recently he was executive chairman of the board.
It's unclear how he would finance a bid for the company, which has a market value of about $90 billion.
ThinkTank Innovation plans to launch additional incubator and accelerator programs for entrepreneurs in the future.
As ordered, Broadcom has also withdrawn its slate of nominees for the Qualcommm board of directors.
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.
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.
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.
The deal was prohibited at the recommendation of a Treasury Department committee that reviews transactions for nation security implications.
The order directs Broadcom to end its proposed takeover of the San Diego tech giant.
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.
About two-thirds of Teradata's leadership team are based in San Diego.
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.
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.
Companies that are selected get introductions to prospective mentors, advisors and investors.
Jeffrey Henderson, an independent Qualcomm director, will now head the board as its non-executive chairman.
The company, which quotes more than $3 billion annually, is the largest privately held insurance company in California.
Millennials are driving demand for sustainable investment options.
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.
The firms combined will serve more than 10,000 companies across the U.S.
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.
Derek Barclay, cofounder of LoanHero, is relocating to Georgia, where LendingPoint is headquartered.
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.
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.
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 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.
Certain California universities have a reputation for churning out companies in addition to ground-breaking research.
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.
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.
Jeran Fraser knows what it’s like to be an entrepreneur.