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Santa Barbara Firm In $725M Deal To Revive Ford Factory

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A Santa Barbara-based firm Clairvoyant Energy , is behind a plan to revive an idled, Ford Motor Vehicle plant in Michigan, according to an announcement from Ford Thursday. Clairvoyant is headed by David Hardee, who lives in Santa Barbara, and has served as Chairman and CEO of Energy Softworx, SVP and CFO of New Energy Ventures, Inc.,

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Be Green Packaging Acquired By The Riverside Company

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Santa Barbara-based Be Green Packaging , a designer of sustainable, compostable, and recyclable packaging for the consumer packaged goods market, has been acquired by private equity investor Riverside Company. Be Green Packaging was founded in 2007, and was co-founded by Ron Blitzer and Robert Richman. READ MORE>>.

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15desks Launches Academic Software

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Santa Barbara-based 15desks , a developer of software-as-a-service for educators, said this morning that the firm has launched a new product for course management. The firm said it is privately funded, and first launched in 2007 at the University of Santa Barbara.

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Occam Networks Settles Class Action Lawsuit

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Santa Barbara-based Occam Networks said Thursday afternoon that the firm has settled a class action lawsuit, which was filed against the firm in 2007. The lawsuit stemmed from a financial restatement made by the firm in October of 2007. The lawsuit stemmed from a financial restatement made by the firm in October of 2007.

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ELC Technologies Acquired By Pourzanjani, Rahmat

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Kamran Pourzanjani , the former CEO and founder of PriceGrabber.com, and Omid Rahmat , the former CEO of Tom's Hardware, have acquired Portland- and Santa Barbara-based ELC Technologies , the development firm founded by Jonathan Siegel. Rahmat was CEO of Tom's Hardware, which he sold to BestofMedia in 2007. READ MORE>>.

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Zhiing Launches Mobile Navigation App

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A new, Santa Barbara-based startup ZOS Communications, has launched a GPS-enabled, mobile phone application it is calling Zhiing , the firm said Monday. ZOS is backed by around $1M in Series A funding, and was founded in 2007. The application allows friends to send directions to other people via a cell phone. READ MORE>>

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InTouch Technologies Settles Patent Suit

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Santa Barbara-based InTouch Technologies , which develops robotic telepresence sysetms for the health care industry, revealed this morning that it has settled a legal dispute with HeadThere Inc. InTouch Technologies sued HeadThere in October of 2007 over the alleged patent infringement. over the firm's patents.

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