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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. The biggest exit was the $1.5

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Yardi Buys CommissionTrac

socalTECH

Santa Barbara-based Yardi announced this week that it has acquired CommissionTrac, a developer of revenue management software for commercial real estate companies. CommissionTrac was founded in 2015. Financial terms of the acquisition were not announced.

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Sonos Names Microsoft Exec To Board

socalTECH

Santa Barbara-based Sonos announced this morning that it has named a current Microsoft executive-- Panos Panay , the Chief Product Officer at Microsoft--to the company's board of directors. Sonos is a developer of whole home audio systems, which are easy to use and connect into online streaming services. READ MORE>>.

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Anchore Rolls Out Open Source DevOps Tools

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Santa Barbara-based Anchore , a developer of policy-based workflow and compliance software, said it has rolled out a new set of open source, DevOps tools. The company said its open source tools are designed for automating DevSecOps pipeline security and analysis. READ MORE>>.

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WELL Health Gets $45M

socalTECH

Santa Barbara-based WELL Health , a startup which offers up patient communications tools to healthcare providers, payers, and others, has raised $45M more in a SEries C funding round, the company said this week. According to the company, it has now raised $75M in total funding since it was founded in 2015. READ MORE>>.

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Anchore Gets $5M For Software Container Security

socalTECH

Santa Barbara-based Anchore , which is developing security software aimed at the "container" market, has raised $5M in a funding round, the company disclosed this morning. The funding came from local angel Andreas von Blottnitz, along with Doug Carlisle of Menlo Ventures. READ MORE>>.

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University of California Plans $250M Venture Capital Fund

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According to UC President Janet Napolitano, the UC Board of Regents is voting this week on approving the $250M fund, UC Ventures , which is expected to launch in 2015. The University of California has ten campuses, of which half of them are in Southern California, including UC Irvine, UCLA, UC Riverside, UC San Diego, and UC Santa Barbara.