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Updated: 10 hours 53 min ago

Pasadena Company Named to Inc. Magazine’s List of America’s 500 Fastest-Growing Private Companies

Fri, 2018-08-17 06:57

Pasadena-based Fox Dealer has been listed as No. 41 on Inc. Magazine’s 37th annual Inc. 500, an annual ranking of the 500 fastest-growing private companies in the United States, introduced in 1982.

The Inc. 500 list, which was expanded into the Inc. 5000 in 2007, represents a unique look at the most successful companies within the American economy’s most dynamic segment – its independent small businesses. Microsoft, Dell, Domino’s Pizza, Pandora, Timberland, LinkedIn, Yelp, Zillow, and many other well-known names have gained their first national exposure as honorees on the Inc. 5000.

“Fox Dealer has been growing at a supersonic pace! Making the 2018 Inc. 500 list validates the relentless hustle we put in every day,” Fox Dealer CEO Gian Carlo Asong said. “I couldn’t be prouder of my team. They put their heart into their work, and being among the top 50 companies shows we’re heading in the right direction.”

In addition to ranking 41st overall out of 5000, Fox is also proud to be listed as the Fastest Growing Company In Automotive, Fourth Fastest Growing Marketing and Advertising Agency in the U.S., Third Fastest Growing Company In Los Angeles, Fastest Growing Company in Pasadena, and the 10th Fastest Growing Company in California.

Fox Dealer is a personalized automotive agency where powerful digital technology meets white-glove customer service. Fox specializes in custom responsive websites, stunning creative design, and cutting-edge digital marketing. As a Google Premier Partner and the go-to provider for many high-performance dealerships, the Fox name is quickly becoming synonymous with excellence, combining impressive results with 24/7 personal customer support.

The companies on the 2018 Inc. 5000 not only have been very competitive within their markets, but the list as a whole show staggering growth compared with prior lists. The 2018 Inc. 5000 achieved an astounding three-year average growth of 538.2 percent, and a median rate of 171.8 percent. The Inc. 5000′s aggregate revenue was $206.1 billion in 2017, accounting for 664,095 jobs over the past three years.

“If your company is on the Inc. 5000, it’s unparalleled recognition of your years of hard work and sacrifice,” Inc. Magazine editor-in-chief James Ledbetter said. “The lines of business may come and go or come and stay. What doesn’t change is the way entrepreneurs create and accelerate the forces that shape our lives.”

Inc. Magazine ranks the Inc. 5000 according to percentage revenue growth over a three-year period, in this case 2014 through 2017. To qualify, companies must have been founded and be generating revenue by March 31, 2014. They had to be U.S.-based, privately held, for profit, and independent – not subsidiaries or divisions of other companies – as of December 31, 2017. The minimum revenue required to qualify in 2014 was $100,000; for 2017, the minimum was $2 million.

Companies listed in the annual Inc. 5000 will be honored at an event October 17 to 19, at the JW Marriott San Antonio Hill Country Resort in San Antonio, Texas. Speakers include some of the greatest innovators and business leaders of this generation.

Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000. Companies in the Inc. 500 are listed in the September issue of Inc. Magazine.

For more information about Fox Dealer, visit www.foxdealer.com.

Pasadena Angels Invest in Novel Insulin Infusion Technology

Fri, 2018-08-17 05:58

Pasadena Angels, a venture capital firm specializing in seed, early stage, and emerging growth stage investments, has invested in a $2.9 million Series Seed funding raised by Capillary Biomedical Inc. (CapBio) in Irvine to fund a better way to help diabetes patients get the insulin they need.

The use of funds will include clinical studies on novel insulin infusion technology to support an initial 510(k) filing and preparation for market launch in 2019.

CapBio has developed the SteadiSet infusion set with SteadiFlow technology, a patented design that addresses several key failure points with current infusion sets that dramatically affect the health, quality of life, and cost for the 1.2 million worldwide insulin pump users. Research results specific to CapBio’s SteadiFlow technology were announced at this year’s Scientific Sessions of the American Diabetes Association in Orlando.

“Our SteadiFlow infusion set technology is designed to reduce set failures, improve comfort and simplify insertion,” CapBio CEO Paul Strasma said. “It is a best of both worlds design, with a kink-proof cannula that is more reliable than Teflon cannulas and gentler to the tissue than steel needles.”

Mark Estes, CapBio VP of Sales and Marketing, said the company intends to partner with leading pump companies to distribute the technology.

“We believe that SteadiFlow technology will help pump users and those who help care for them by reducing the stress and burden of pump therapy,” Estes said.

CapBio Co-founder Professor Jeffrey Joseph of the Sidney Kimmel Medical College at Thomas Jefferson University said the novel approach will address the root causes of insulin absorption variability and infusion set failure, which will improve the predictability of insulin pump therapy.

Joseph developed the core cannula technology at the Jefferson Artificial Pancreas Center of Thomas Jefferson University with grant funding from the National Institutes of Health and JDRF, the leading global organization funding Type 1 diabetes research.

Aside from Pasadena Angels, other Angel groups that took part in the Series Seed financing included the Tech Coast Angels, New York Angels, HBS Alumni Angels of New York, and the Mass Medical Angels, making the financing one of the broadest and most successful syndications among Angel investor groups.

Founded in 2000, Pasadena Angels is a group of leading private investors that provide long-term human and financial capital to help build successful companies. Its 100-plus members have many years of collective leadership experience and provide the resources to ensure the success of the group’s portfolio companies.

To learn more about Pasadena Angels, visit www.pasadenaangels.com.

 

U.S. News & World Report: Huntington Hospital 5th Best Hospital in Los Angeles, 10th Best Hospital in California

Wed, 2018-08-15 06:20

U.S. News and World Report has once again recognized Huntington Hospital in Pasadena as a Best Hospital for 2018-19 Los Angeles and California.

Now on their 29th year, the annual Best Hospitals rankings are designed to assist patients and their doctors in making informed decisions about where to receive care for challenging health conditions or for common elective procedures.

Huntington Hospital, a 619-bed not-for-profit hospital, was named the fifth Best Hospital in the greater Los Angeles area, and 10th Best Hospital overall in California. It was ranked among the best throughout the United States in gynecology, at No. 33 in the list, and urology, No. 16.

“I’m incredibly proud that our compassionate community care continues to be reflected in U.S. News and World Report rankings as one of the top hospitals in Los Angeles and California,” Dr. Lori J. Morgan, Huntington Hospital’s President and CEO, said. “These achievements are a direct result of the exceptional health care our nurses, physicians and employees provide our patients every single day.”

The Pasadena hospital was also ranked Best Regional Hospital in 14 types of care, with recognition as High Performing in seven adult specialties: diabetes and endocrinology, gastroenterology and GI (gastro-intestinal) surgery, geriatric, nephrology, neurology and neurosurgery, orthopedics and pulmonology.

It was also High Performing in seven common adult procedures and conditions: aortic valve surgery, heart bypass, heart failure, colon cancer surgery, chronic obstructive pulmonary disease (COPD), hip replacement, and knee replacement.

The magazine evaluated more than 4,500 medical centers nationwide in 25 specialties, procedures and conditions for the 2018-2019 rankings. In the 16 specialty areas, 158 hospitals were ranked in at least one specialty. In rankings by state and metro area, U.S. News recognized hospitals as High Performing across multiple areas of care.

“For nearly 30 years, U.S. News has strived to make hospital quality more transparent to healthcare consumers nationwide,” Ben Harder, Managing Editor and chief of health analysis at U.S. News and World Report, said. “By providing the most comprehensive data available, we give patients and their physicians’ information to support their search for the best care across a range of specialties.”

The U.S. News Best Hospitals rankings are based largely or entirely on objective measures such as risk-adjusted survival and re-admission rates, volume, patient experience, patient safety and quality of nursing, among other care-related indicators.

U.S News produces the rankings in partnership with RTI International, a leading research organization based in Research Triangle Park, North Carolina.

To learn more about Huntington Hospital, visit www.huntingtonhospital.org.

It’s Hot, You’re Thirsty: Panda Express Brings Cheesecake Tea to Pasadena, For Now

Wed, 2018-08-15 06:17

Panda Express is offering its version of Cheese Tea that’s been popular in China and Taiwan for some time and now is being served at the chain’s Panda + Tea location at 216 S. Lake Avenue, and at its Innovation Kitchen at the Hastings Ranch Plaza, at 3867 E. Foothill Blvd.

Called Cheesecake Tea, Panda’s version of the Cheese Tea – the latest addition to their summer menu – is basically iced tea with a foam made from milk and some variety of cream cheese. Customers can have their choice of cheesecake foam over milk tea, green tea or black tea.

Their tea is slightly sweeter than what other tea bars in the U.S. have been serving, and is “a little more velvety,” Panda Express brand manager Christina Caceres told the Press-Telegram.

“It takes you to a whole different space,” Caceres said.

Panda Express opened its Panda + Tea bar at South Lake Avenue in February to serve vegetable forward dishes and Asian-inspired tea recipes developed at the company’s headquarters in Rosemead.

The fast-casual chain is serving Cheesecake Tea only up to August 27, typical of most of Panda Express’ new recipes which stay on the menu for about six to eight weeks.

In 2016, Panda Express partnered with a Japanese bakery chain that makes fresh, handmade cheesecakes and started offering these in Honolulu and Arcadia. Uncle Tetsu Japanese Cheesecakes – of a lighter density and less sweet than a traditional cheesecake – are baked in small batches daily and served them straight from the oven.

Panda Express evolved from Panda Inn, which Andrew Cherng and his father opened in Pasadena. In 1983, the real estate manager of Glendale Galleria invited the Cherngs, Andrew and his wife Peggy, to develop a fast-food version, and Panda Express was born.

In 2007, Panda Express opened its 1,000th location in Pasadena. Now with over 2,000 locations, it is considered the largest Asian segment restaurant chain in the U.S.

For more information, call (626) 351-9128, or visit www.pandaexpress.com.

Green Dot Sees More Green; Pasadena Company Heads Towards $1 Billion in Sales This Year

Tue, 2018-08-14 19:55

Pasadena-based online banking and holding company Green Dot is seeing a lot more green these days.

The company last week reported a 16% increase in total operating revenues this past quarter, at $258.3 million, along with a net income of $29.8 million, according to second quarter 2018 financial results.

Green Dot said its new business partners include Apple, Intuit Inc., Paypal, and Uber, adding to its roster of long-term partners Dollar General, Family Dollar, 7-Eleven, Rite Aid, Albertsons and Walgreen stores.

Green Dot also launched a new placement of the Walmart MoneyCard at the check lanes and 600 incremental Walmart stores and Green Dot products, and services can now be found in all Walmart Puerto Rico stores, Green Dot Founder and CEO Steve Streit said during the company’s second quarter earnings call.

“Our long-term strategic plan to be a ‘new kind of bank’ is yielding very impressive organic results,” said Streit this week, explaining, “We mean a bank that uses technology, ubiquitous digital and retail brick and mortar distribution and large partnerships to acquire customers instead of branches, and that generates revenue from increasing customer satisfaction, not from increasing customer penalty fees.”

“The strong momentum in the account services segment, including strong results from both the products and platform parts of our business, and the processing and settlement segment,… combined once again to deliver truly outstanding organic results for the quarter,” added Mark Shifke, Green Dot’s Chief Financial Officer.

“The company’s strong performance enables us to once again raise both top and bottom line full year guidance for 2018,” said Shifke

Green Dot now expects its full-year total operating revenues to be between $1.022 billion and $1.032 billion, versus its previous guidance range of $1.002 billion and $1.012 billion, according to a press release issued Wednesday. Green Dot expects total operating revenues to be approximately $222 million for the fourth quarter, around $232 million for the third quarter, Shifke said.

The company’s new BaaS (Banking as a Service) platform, which allows outside partners to use Green Dot’s bank, technology, and program management capabilities to design and brand their own products, adding to much of the company’s strength, Shifke added.

According to the trade newsletter DigitalTransactions.net, Green Dot supplies a virtual prepaid card that customers of Apple’s person-to-person payments service use for funding, although neither Apple nor Green Dot have disclosed detailed metrics about the program, which competes with PayPal Holdings Inc.’s Venmo, the bank-sponsored Zelle, Square Inc.’s Cash app, and Alphabet Inc.’s Google Pay Send.

“This year we’re benefiting from the revenue that those new BaaS programs are generating, said Shifke. “So if you will, last year’s fourth quarter was planting time for those new programs, whereas this year’s fourth quarter is expected to be harvest time.”

Through its six revenue divisions plus Green Dot Bank, Green Dot is a leading provider of prepaid cards, debit cards, checking accounts, secured credit cards, payroll debit cards, consumer cash processing services, wage disbursements and tax refund processing services.

Green Dot has approximately 100,000 major name U.S. retail stores selling its products.

With its headquarters in Pasadena, Green Dot Corporation has additional facilities throughout the United States and in Shanghai, China.

 

 

 

 

 

 

 

 

 

 

Lost at Sea Restaurant Reportedly Will Close This Week

Tue, 2018-08-14 06:37

An Old Pasadena seafood restaurant which made quite a splash when it opened just over two years ago is sinking and apparently will shut its doors forever on Friday, Eater LA said Monday.

The report did not mention a reason for Lost at Sea closing, but it did say the Holly Street restaurant “seemed at times to struggle to find a consistent local audience.”

Lost at Sea opened in 2016 with locals Chef Tim Carey and Wine Director Santos Uy at the helm. The restaurant features cuisine with a heavy Southern California influence in ingredients and culture, and a keen focus on French technique. Aside from wines naturally produced by artisans from all over the globe, Lost at Sea also carry a selection of local craft beers.

Carey currently lives in Arcadia but grew up in Pasadena, and Uy is from La Canada; both are Loyola High School alumni.

After graduating from Loyola High in 1999, Carey relocated to San Diego, and in 2003, became a fishmonger at Point Loma Seafoods. He was there for a year before moving back up to the LA area to attend the California School of Culinary Arts, working part-time at a fish market in San Marino.

Upon completing his degree in 2005, Carey started working at Sbicca in Del Mar, and in 2006 transitioned to San Diego’s Island Prime. He returned to Los Angeles three years later and secured a position under Tony Esnault at Patina, leaving in 2011 to become Executive Chef at Uy’s Papilles in Hollywood. Carey moved out of that post in June 2016 to focus on Lost at Sea.

Uy went to USC, where he received a B.S. in Italian Studies in 2005. Soon after, he became the first employee at Silver Lake Wine, and in October 2006, took on a part-time sommelier position at AOC to get some experience on the floor. Uy left both jobs in April 2008, when he opened his first business.

In 2010, Uy opened Mignon, a wine and cheese bar in Downtown LA, and in December of 2011 he debuted Papilles with Carey. Uy remains owner and wine director of Mignon and Papilles.