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Santa Barbara Gets Another $100M Plus Exit, At Aurrion

socalTECH

Add another, high dollar exit for a young startup in Santa Barbara, adding to the region's growing list of successful technology exits: Aurrion. According to a 10-Q, quarterly filing from acquirer Juniper Networks on Thursday, it paid $165M for Goleta-based Aurrion, a fabless, wafer scale silicon photonic technology provider.

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IPO Slowdown? Not For This Market: Santa Barbara

socalTECH

Amid hand wringing about an IPO slowdown in 2015, there's one shining region which had a banner IPO and acquisition year last year: Santa Barbara. The city and surrounding region, which has been a long time technology hub, had a huge IPO and exit year, according to an analysis conducted by socaltech. READ MORE>>.

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IMT Acquired By Cerium Technology

socalTECH

Santa Barbara-based MEMs technology developer Innovative Micro Technology (IMT) said early this morning that it has received a majority equity financing from Cerium Technology. Cerium Technology is an investment firm focused on the Internet-of-Things (IoT) market. IMT is currently led by CEO Craig Ensley.

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Apeel Buys ImpactVision

socalTECH

Santa Barbara-based Apeel, which is venture-backed by Viking Global Investors, Upfront Ventures, Tao Capital Partners, Rock Creek Group, as well as Oprah Winfrey and Katy Perry, has acquired ImpactVision, a developer of "hyperspectral imaging" technology used to measure data on ripeness and quality of fresh produce.

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CALIENT Acquired By Chunxing

socalTECH

Santa Barbara-based CALIENT , the developer of optical MEMs switching technology, has been acquired by Chinese company Suzhou Chunxing Precision Mechanical Co., Financial terms of the acquisition were not announced. the two said this morning. CALIENT said it will remain in Goleta. READ MORE>>.

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Cisco Buys Santa Barbara Firm

socalTECH

San Jose-based networking giant Cisco said today that it has acquired Richards-Zeta Building Intelligence, a Santa Barbara firm which develops software used for managing building infrastructure. Financial terms of the acquisition were not disclosed. Cisco's Globalisation Centre East unit is based in Bangalore, India.

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Impact Acquires Trackonomics

socalTECH

Santa Barbara-based Impact, which provides affiliate partnership tracking and automation tools, said this week that it has acquired Trackonomics Ltd, a provider of supply-side affiliate e-commerce tools. Financial terms of the acquisition were not announced.