SD BUSINESS JOURNAL DAILY ENEWS

Engine Co. Acquisition Adds Key Component to Kratos UAV Program

AEROSPACE: Kratos Buying 80.1% of Co. With Option to Buy the Rest

Kratos Defense and Security Solutions Inc. continues to develop its unmanned aircraft business, as shown by its recent acquisition of a company that makes small jet engines in February, and the first flight of a drone in March.

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Qualcomm Ventures Leads $18M Round in Industrial IoT Company

Qualcomm Ventures led an $18 million round in CyberX, one of many recent investments the San Diego company has made in industrial IoT companies.

Turning Point Therapeutics Seeks $100 Million in IPO

Cancer drugmaker Turning Point Therapeutics recently filed paperwork calling for a $100 million initial public offering.

Platform to Reduce False Positive Alerts

SECURITY: Multiple Patents Are Part of Security Solution

Maintaining network security is hard to do when you face a barrage of unnecessary alerts. That’s what MixMode CEO John Keister found out when he began asking prospective clients about their biggest pain points in security.

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Axos, MWABank Transaction Receives Federal Approval

San Diego-based Axos Bank said earlier this month that it received federal regulatory approval to take on the deposits of MWABank, which amount to $173 million. Axos Financial Inc. (NYSE: AX) originally announced its plan to take on MWABank in December.

New CEO Appointed at Epic Sciences

Lloyd Sanders, previously with Myriad Genetics, has joined Epic Sciences as CEO.

Marriott Mission Valley Acquired by Miami-Based Investment Firm

Built in 1988, the Marriott Mission Valley hotel’s common areas were renovated in 2017.

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SD 500: Perry Dealy

Perry Dealy’s company has led major local developments, and he also served as the top supervisor on projects by Douglas Manchester including the Manchester Grand Hyatt San Diego and Grand Del Mar Resort.

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SD 500: Roxana Velasquez

SD 500 recap: Roxana Velasquez in 2010 became the first woman to be executive director of the museum.

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Special Report: Profitable Ventures

Outside Investors Are Discovering the Early-Stage Opportunities in Local Startups

After several back-and-forth flights to San Francisco, Seismic CEO Doug Winter finally landed his company’s first investment. The San Diego software startup raised $4.5 million from early-stage venture capital firm Jackson Square Ventures.

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Cellular Treatments for Diabetes Get $80M

BIOTECH: ViaCyte Built Up IP, Absorbed Rivals

In 1998, researchers derived stem cells from human embryos for the first time. With the advance came the hope of curing Type 1 diabetes.

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Beta Wealth Group Launches New Institutional Investment Division

San Diego-based Beta Wealth Group launched Beta Asset Management on Friday.

SD 500: Jay Flatley

SD 500 recap: Jay Flatley is among the few CEOs who have successfully guided a life science company through landmark product development, commercialization and large-scale growth.

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CalPrivate Bank Names Board Member

CalPrivate Bank and its holding company, Private Bancorp of America, announced on March 22 that it has named Brett Lawrence to its board of directors.

Oceanside Apartments Sold For Nearly $3M

Complex has 12 apartments

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SD 500: Eric M. DeMarco

SD 500 recap: Eric DeMarco has helped transform a once-struggling wireless company into a highly competitive player in the national defense industry.

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North Park Apartment Complex Sold For Nearly $2.9M

Complex has 15 apartments

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Business Events Calendar for Week of March 25, 2019

Business events scheduled in the county.

Special Report: Funding Journey Starts With Getting Your Foot in the Door

INVESTMENT: Seismic Did Its Homework and Obtained Introductions

Raising a funding round for a startup isn’t easy. Doug Winter should know. He’s raised four since he founded Seismic in 2011.

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Parking Changes May Boost Infill Projects

BUILDING: Developers Applaud End of Regulation

Tim Foley, a San Diego developer who specializes in building infill apartment projects in the city’s urban neighborhoods, said he’ll likely be able to build more apartments for less money thanks to a new law that eases parking requirements.

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