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Santa Barbara lottery app sold for $750M | Pacific Coast Business Times

Jackpocket opened its Santa Barbara headquarters in 2021. (courtesy photo) Santa Barbara-based Jackpocket, a lottery courier software company, has reached an agreement to be purchased by DraftKings, one of the largest digital sports entertainment apps in the country, for approximately $750 million. Announced Feb. 15, 55% of the deal will be paid in cash with
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Storms slam Central Coast to the tune of $50M | Pacific Coast Business Times

Horses given refuge from the recent heavy rains at the Girl Scouts Camp Arnaz near the Ojai Valley. (courtesy photo) The heavy rains that ravaged the Tri-County region in early February caused upwards of $50 million in damages, emergency services officials say. The hardest hit was Ventura County with more than an estimated $36 million
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Synectic continues growth trajectory with $39M contract win | Pacific Coast Business Times

Scott Koslow, the new owner of Synectic Solutions Inc., missile experts for the Navy, in the company’s Camarillo headquarters. (courtesy photo) Camarillo-based Synectic Solutions announced that it won a five-year contract from the Naval Air Warfare Center Aircraft Division on Feb. 13. The contract, which runs until February 2029, holds a potential value of $39
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Teledyne to acquire Netherlands-based company | Pacific Coast Business Times

Teledyne FLIR recently won a $48.7 million contract to provide imaging and other equipment for the U.S. Coast Guard. U.S. Coast Guard photo by Petty Officer 2nd Class Henry G. Dunphy. (courtesy photo) Thousand Oaks-based Teledyne has entered into an agreement to purchase Netherlands-based Adimec Holding B.V. for an undisclosed amount, the company announced Feb.
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Deckers stock on fire despite CEO change | Pacific Coast Business Times

Deckers headquarters in Goleta Shares of Deckers are nearly unbeatable at the moment, rising another 9% since the company’s latest earnings report, even despite the announcement that current CEO Dave Powers will be retiring on Aug. 1. Deckers announced its earnings for the third quarter on Feb. 1, noting a 16% uptick in revenue with
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Amgen boasts Horizon sales, investments in obesity market | Pacific Coast Business Times

Amgen's new research and development facility in San Francisco. (courtesy photo) It took nearly a year, but the impact of Amgen’s historic purchase of Horizon Therapeutics was finally felt on Feb. 6 when the company disclosed its earnings for the fourth quarter and full year 2023. Amgen, one of the largest biotechnology companies in the
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Portfolio watch | Pacific Coast Business Times

Mechanics Bank Wealth Management took a deeper dive into earnings at Meta and Amazon and noted that the combination of revenue gains and cost cuts produced spectacular results. For Meta, net income jumped to $14 billion up from $4.65 billion in 2022. “This is quite the turnaround from the struggles Meta was dealing with in 2022,”
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Saalex bolsters IT & software with $75M buy | Pacific Coast Business Times

It took almost half a decade, but Camarillo-based Saalex Solutions closed its largest purchase in company history on Jan. 23 when the company acquired Lexington Park-based Spalding Consulting, a leading provider of software development, information technology, and engineering services to the defense industry. According to the Jan. 23 press release, the deal was worth $75
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Dignity Health's new patient care tech takes off | Pacific Coast Business Times

The French Hospital Medical Center heart catheterization lab team led by Supervisor Pete Pascal, left. (courtesy photo) French Hospital Medical Center has a new Heart Catheterization Lab, the latest patient care technology implemented across the Dignity Health Central Coast network. Dignity Health, which operates the San Luis Obispo hospital, announced the lab’s launch on Jan.
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Dubroff: Best and worst of times for region's small business | Pacific Coast Business Times

When the Business Times recognized Pura Luna Apothecary in 2020 with a Spirit of Small Business award, we knew we were on to something special. In a world looking for answers to the pandemic and civil strife, Ashe and Christin Brown’s message of hope and healing was pitch-perfect for the times. Their shop on Chapala
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