SD FINANCE

Viasat to Buy Competitor

AEROSPACE: Inmarsat Deal Worth $7.3 Billion

Carlsbad-based Viasat (Nasdaq: VSAT) said on Nov. 8 that it has agreed to buy British competitor Inmarsat for $7.3 billion.

Anti-Drone Tech Specialist Citadel Sold to BlueHalo

DEFENSE: Firm Has a Variety of Clients in Federal Agencies, Local Governments

Citadel Defense Co., based in Mission Valley, has been sold to an Alabama company that includes space warfare in its focus.

KBS Buys Leading Janitorial, Facility Services Provider

REAL ESTATE: Bravo! Is Oceanside Firm’s 14th Acquisition Since 2017

Oceanside-based Kellermeyer Bergensons Services has acquired BRAVO! Building Services and two other related companies, BRAVO! Facility Services and BRAVO! Innovative Solutions.

County Study to Examine Job Impacts of Decarbonization

EMPLOYMENT: Effort will Aid Displaced Fossil Fuel Workers

The County of San Diego has undertaken a study to better understand how “decarbonization” may impact the region’s labor force, including those from disadvantaged communities.

Qualcomm Reports Record Q4 Sales

TECH: Diversification Paying Big Dividends

In the weeks heading into the company’s annual Investor’s Day on Nov. 16, Qualcomm has seen its stock price take off as Wall Street seems increasingly certain the San Diego-based company’s big bet on diversification is already paying off.

Tease photo

Classy Acquires Virtual/Hybrid Events Platform

SOFTWARE: Fondi Kicked Off as ‘Classy Live’ Earlier this Month

Classy, the giving platform that helps nonprofits connect supporters with the causes they care about, has unlocked new business growth via its first acquisition.

Acquisition Spree Continues

MANUFACTURING: Fluidra Pays $78M for Water Testing Firm

Carlsbad-based Fluidra North America continues to make a big splash in the swimming pool equipment sector, last week announcing its third major acquisition in 2021 – the $78 million purchase of Taylor Water Technologies, a leading manufacturer of water-testing solutions.

Military Spouses

SDBJ Insider

An ongoing challenge for all branches of the military is spouse unemployment and underemployment. Research by the U.S. Department of Defense shows that the military spouse unemployment rate is nearly three times that of civilians.

Viasat to Acquire UK Rival Inmarsat for $7.3 Billion

Carlsbad-based Viasat (NASDAQ: VSAT) on Monday agreed to buy British competitor Inmarsat for $7.3 billion.

ClickUp Raises $400M Series C

TECH: SaaS Startup Sees Explosive Growth

San Diego-based ClickUp has raised $400 million in Series C funding — the single-largest funding round to date in the “workplace productivity” niche of the software-as-a-service (SaaS) market.

Mission Fed Opens 33rd Branch

Mission Fed Credit Union announced on Oct. 27 that it has opened its 33rd branch site, in Oceanside.

Neurocrine Reports Rising Earnings, Record Sales for Ingrezza

San Diego-based Neurocrine Biosciences (NASDAQ: NBIX) reported upbeat Q3 financial results on Monday (Nov. 1), confirming that INGREZZA, the company’s flagship drug that treats tardive dyskinesia, continues to gain market share.

Radionetics Oncology Launches with $30M Investment

BIOTECH: New Co. Spins Out of Crinetics Pharmaceuticals

Radionetics Oncology, a pharmaceutical company developing radiotherapeutics, launched with $30 million in funding from major life science investors 5AM Ventures and Frazier Healthcare Partners.

Tease photo

Pentagon Spending Amounts to $35.3 Billion

DEFENSE: DoD Funds Helped Region Weather COVID-19, Study Says

Pentagon spending in San Diego County grew more formidable during fiscal 2021, increasing 5.3% to $35.3 billion.

Tease photo

Dudek Moves to 100% ESOP

ENGINEERING: Joins Select Group of S.D. Cos.

Dudek, one of California’s leading environmental and engineering consulting firms, became 100% employee-owned earlier this month, joining a select group of other high-profile San Diego-based companies that have embraced an ESOP model in the past few years.

Tease photo

Prev