Friday, February 17, 2017

Bay Area Tech Wire - Feb. 17

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BAY AREA TECH WIRE -- Feb. 17, 2017
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Sponsored By: Fairfax County Economic Development Authority
http://www.fairfaxcountyeda.org/bay-area-tech-wire

o
San Francisco-Based Sun Basket Raises $15 Million in Third Round
o Foster City-Based Guidewire Software Completes Deal for San Jose's ISCS
o
Report: Trump Administration Uncertainty Sours Confidence of Some VCs
o
Mobile E-Commerce Spending Hits Highest Mark Ever in Q4
> The Shifting Sands of Employee Motivation
o Briefly Noted:
Yelp, AcelRx Pharmaceuticals
_____________________________________________

> Job/Event/Marketplace Classified Listings (Full Listings Below Stories)

--
The Shifting Sands of Employee Motivation
--Job Listing: Director of the Department of Technology/Chief Information Officer
--Mid-Atlantic Marketing Summit - April 21 - DC

Full Job, Event, Marketplace and Services Descriptions Below in Classified Ad Section

Post Job/Event/Marketplace ad at: http://www.bayareatechwire.com

_____________________________________________

o San Francisco-Based Sun Basket Raises $15 Million in Third Round

San Francisco -- Sun Basket, the San Francisco-based developer of a web-based service delivering healthy meal kits to subscribers, said on Friday it has landed $15 million in its third round of funding, led by Sapphire Ventures. Baseline Ventures, PivotNorth Capital, Accolade Partners, Founders Circle Capital, Shea Ventures, Relevance Capital, Vulcan Capital, Filter 14 and angels also contributed. Founded in 2014 Sun Basket delivers organic, pre-measured ingredients and easy-to-cook recipes weekly to subscribers. The company, which last year grew revenue 1,300% and expanded its employee base from 100 to 700, said it will utilize the proceeds to open its third distribution center in the Midwest, making Sun Basket accessible to 98% of the continental U.S. With this new round, the company will have raised a total of $43 million in funding. Kevin Diestel, principal of Sapphire Ventures, will join the company's board of directors.
http://www.sunbasket.com 
http://www.prnewswire.com/news-releases/sun-basket-raises-15-million-in-series-c-funding-led-by-sapphire-ventures-300409476.html 
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o Foster City-Based Guidewire Software Completes Deal for San Jose's ISCS

Foster City, Calif. -- Guidewire Software, a Foster City-based provider of software to property and casualty (P&C) insurers, said it has completed its planned acquisition of San Jose-based ISCS, maker of a cloud-based insurance processing platform. Financial terms of the deal, first announced in December, were not disclosed. With the acquisition, the company also announced the immediate availability of Guidewire InsuranceNow, a cloud-based, all-in-one system supporting the property and casualty insurance lifecycle. Andy Scurto, the founder and former CEO of ISCS, now serves as the head of products for Guidewire InsuranceNow.
http://www.guidewire.com 
http://www.iscs.com/ 
http://www.businesswire.com/news/home/20170216006357/en/Guidewire-Completes-Acquisition-ISCS-Announces-Availability-Cloud-Based 
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o Report: Trump Administration Uncertainty Sours Confidence of Some VCs

San Francisco -- Uncertainty surrounding the incoming Trump administration has eroded some of the confidence of area VCs, according to the latest Silicon Valley Venture Capitalist Confidence Index. The index, produced by University of San Francisco professor Mark Cannice, registered a 3.81 out of 5 in the fourth quarter, down from 3.88 the previous quarter. "Continuing concerns over political uncertainty restrained sentiment despite an outlook for rapid innovation and a more welcoming exit environment in 2017," wrote Cannice. Several venture capitalists interviewed for the report echoed those sentiments. "A combination of political and international instability in the U.S. and abroad will likely cause market volatility, with great uncertainty before the new administration's actual policies get unveiled," wrote Dag Syrrist of Vision Capital. Another unnamed respondent wrote, "new administration creates a significantly higher risk of a major disaster (political, military, economic) that will appear as a one-off event, but for which the foundation is currently being laid." The complete report is at the link below.
https://www.usfca.edu/management/svvcci 
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o Mobile E-Commerce Spending Hits Highest Mark Ever in Q4

Reston, Va. -- E-commerce spending from mobile devices accounted for 21% total online sales during the fourth quarter, according to a new report from comScore. The figure marks mobile's highest recorded share of online sales for a single quarter since the company began measuring m-commerce in 2010. comScore said that smartphones and tablets have become increasingly important to online buying with every succeeding year. In 2010, for example, less than 4% of online sales occurred through mobile devices. Overall, fourth quarter e-commerce spending in the U.S. totaled $109.3 billion, up 18% from the same period in 2015. The complete report is at the link below.
http://www.comscore.com/Insights/Press-Releases/2017/2/comScore-Reports-109-Billion-in-Q4-2016-Total-Digital-US-Retail-E-Commerce-Spending-Up-18-Percent-vs-Year-Ago 
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> The Shifting Sands of Employee Motivation

The old "if-then motivators" of giving bonuses for the achievement of goals no longer work. Work has become too complex and is changing too rapidly for such simple formulas to be relevant and to motivate performance. Here, we summarize research on shifts in employee motivators.

http://www.fairfaxcountyeda.org/bay-area-tech-wire

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o Briefly Noted:

(San Francisco) San Francisco-based Yelp, the operator of a local business reviews site, has named Jason Fennell as its senior vice president of engineering. He succeeds Michael Stoppelman, who is leaving the company in the coming months. Fennell joined Yelp in 2008 as an engineer responsible for search and data mining, and progressed through increasingly senior roles. He most recently served as the company's vice president of engineering for data mining.
https://www.yelp.com 
http://www.businesswire.com/news/home/20170216006025/en/Yelp-Announces-Jason-Fennell-Head-Engineering 

(Redwood City, Calif.) Redwood City-based AcelRx Pharmaceuticals, a specialty pharmaceutical firm developing therapies for the treatment of acute pain, has named Vincent Angotti as its new CEO. Angotti, most recently the CEO of XenoPort, succeeds Howie Rosen, who will continue on the company's board of directors, where he has served since 2008.
http://ir.acelrx.com/phoenix.zhtml?c=241441&p=irol-newsArticle&cat=news&id=2246953 

===================================================
Job/Event/Services Listings:
===================================================
To Post in Job/Event/Marketplace: http://www.bayareatechwire.com
7,000 Readers: 5 day ad: $120--10 day ad: $175--20 day ad: $300

> The Shifting Sands of Employee Motivation

The old "if-then motivators" of giving bonuses for the achievement of goals no longer work. Work has become too complex and is changing too rapidly for such simple formulas to be relevant and to motivate performance. Here, we summarize research on shifts in employee motivators.
http://www.fairfaxcountyeda.org/bay-area-tech-wire
_____________________________________________

> Director of the Department of Technology/Chief Information Officer

The City and County of San Francisco is conducting a national search for an engaging, customer-service driven executive to oversee the award-winning Department of Technology with over 220 employees and an annual operating budget of nearly $100 million. The Director of the Department of Technology/Chief Information Officer (Director of DT/CIO) is at-will management-level position reporting to the Mayor with functional reporting to the City Administrator. Interested candidates should apply by by submitting a compelling cover letter, comprehensive resume, and current salary to apply@ralphandersen.com. Confidential inquiries welcomed to Ms. Heather Renschler at (916) 630-4900. Detailed brochure available at www.ralphandersen.com.
_____________________________________________

> Advertising on Bay Area Tech Wire

Post jobs, events, webinars, whitepapers or service ads on Bay Area Tech Wire and grow your business. Reach more than 7,000 business and technology professionals from the Bay Area. http://www.bayareatechwire.com/

===================================================
Subscribe to other newsletters from Tech Wire Media Group:

Potomac Tech Wire: http://www.potomactechwire.com
Bay Area Tech Wire: http://www.bayareatechwire.com
New England Tech Wire: http://www.newenglandtechwire.com

Advertising: If you are interested in advertising in our newsletters, call
Paul Sherman at 1-301-656-0057 x1103 or send email to paul@techwiremedia.com

News tips, press releases. Send email to:
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Tech Wire Mailing Address:
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Copyright: CapWire Inc. 2017


 

 

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Thursday, February 16, 2017

Bay Area Tech Wire - Feb. 16

==========================================
BAY AREA TECH WIRE -- Feb. 16, 2017
==========================================
To subscribe: www.bayareatechwire.com

o
Redwood City-Based Plays.tv Lands $15 Million in First Round of Funding
o San Francisco-Based Brightwheel Raises $10 Million in First Round
o
Redwood City-Based Omidyar Invests $2.9M in Latin American Civic Tech Fund
o
San Francisco-Based Seal Software Names Two Key Executives
o Briefly Noted: Apple, Uncorporeal Systems, PagerDuty
_____________________________________________

> Job/Event/Marketplace Classified Listings (Full Listings Below Stories)

--
The Shifting Sands of Employee Motivation
--Job Listing: Director of the Department of Technology/Chief Information Officer
--Mid-Atlantic Marketing Summit - April 21 - DC

Full Job, Event, Marketplace and Services Descriptions Below in Classified Ad Section

Post Job/Event/Marketplace ad at: http://www.bayareatechwire.com

_____________________________________________

o Redwood City-Based Plays.tv Lands $15 Million in First Round of Funding

Redwood City, Calif. -- Plays.tv, the Redwood City-based developer of a platform for players to record, replay and share video game clips, said on Thursday it has raised $15 million in its first round of funding, led by Shasta Ventures. The round also included an investment fund associated with the owners and executives of the San Francisco 49ers, basketball star Jeremy Lin, Accel Partners, Tenaya Capital, DAG Ventures and Founders Fund. The company will use the investment to grow the platform and roll out new features, including improved tools to capture, edit and share video game clips and deep integrations with more PC game titles. "Plays.tv grew very quickly since its launch and our community really embraced the platform not just for the social sharing but for replaying and improving as players," said founder and CEO Dennis Fong, adding that the company is now in a "great position to make Plays.tv the most personal and relevant source of gameplay content, and the de facto platform to replay and share videos to get better at your game."
http://www.plays.tv
http://www.prnewswire.com/news-releases/playstv-secures-15mm-in-funding-to-grow-social-platform-that-lets-players-record-replay-and-relive-their-games-300408597.html 
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o San Francisco-Based Brightwheel Raises $10 Million in First Round

San Francisco -- Brightwheel, a San Francisco-based developer of management and communication software for early education, said on Thursday it has raised $10 million in its first round of funding, led by GGV Capital. The Chan Zuckerberg Initiative, ICONIQ and previous backers Eniac Ventures, Golden Venture Partners, Lowercase Capital, Mark Cuban Companies and RRE Ventures also participated, in addition to angel investors. Brightwheel has developed a cloud-based platform for preschools, childcare providers, camps and afterschool programs. The platform is designed to help teachers better manage their day and communicate with parents, while also giving parent a deeper insight into what their children are learning and automating the process of managing operations for administrators. The company said it will use the latest proceeds to accelerate product development and expand its staff.
http://www.mybrightwheel.com/
http://finance.yahoo.com/news/brightwheel-raises-10m-grow-groundbreaking-153000390.html 
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o Redwood City-Based Omidyar Invests $2.9M in Latin American Civic Tech Fund

Redwood City, Calif. -- Omidyar Network, the Redwood City-based philanthropic investment firm founded by eBay founder Pierre Omidyar and his wife Pam, said it has invested $2.9 million in a new fund called the Latin American Alliance for Civic Technology (ALTEC). The $3.5 million fund, co-launched by FundaciĆ³n Avina and Avina Americas, aims to support the development and promotion of civic tech platforms designed to increase government transparency, fight corruption and improve the delivery of public services. "Civic technology provides a great opportunity to make governments more transparent and more responsive to the true needs of citizens, and for citizens to participate actively in the decisions that impact their everyday lives," said Felipe Estefan, an Omidyar investment principal responsible for governance and citizen engagement investments in Latin America. "ALTEC will be the leading power behind the development of Latin America's civic technology ecosystem." ALTEC is the latest iteration of the Accelerator Fund for Civic Innovation, which was created in 2013 by Avina and Omidyar Network. That fund invested $2.3 million over three years in the development and promotion of 26 platforms and apps in Argentina, Brazil, Chile, Colombia, Costa Rica, Mexico, Paraguay, Peru and Uruguay.
http://www.omidyar.com/ 
http://www.omidyar.com/news/omidyar-network-invests-29m-new-latin-american-alliance-civic-technology-accelerate-and-scale
_____________________________________________

o San Francisco-Based Seal Software Names Two Key Executives

San Francisco -- Seal Software, a San Francisco-based developer of contract discovery, data extraction and analytics tools, on Thursday announced two key hires, naming David Gingell as its chief marketing officer and Rich Bohne as its chief revenue officer. Gingell most recently was the CMO of TeamViewer, and previously served as the vice president of Europe, Middle East and Africa marketing for EMC, Adobe and NetApp. Bohne, meanwhile, held executive sales positions at Quest Software and Dell, where he led the Americas sales teams for Dell Software Group. Seal's machine learning and natural language processing technologies are designed to help companies find contracts of any file type across their networks, then quickly understand what risks or opportunities are hidden in their contracts and place them in a centralized repository.
http://www.seal-software.com
http://www.seal-software.com/news-events/seal-software-expands-leadership-team-accelerate-global-growth 
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o Briefly Noted:

(Cupertino, Calif.) Cupertino-based Apple said on Thursday that its 28th annual Worldwide Developers Conference (WWDC) will take place June 5-9 in San Jose. The conference annually gives developers access to more than 1,000 Apple engineers. It also will be live-streamed through the Apple Developer website (developer.apple.com/wwdc) and on the WWDC app for iPhone, iPad and Apple TV.
https://developer.apple.com/wwdc/ 

(San Francisco) San Francisco-based Uncorporeal Systems, a developer of virtual and augmented reality technology, on Thursday named Peter Cuneo as its chairman. Cuneo currently serves as the chairman of Valiant Entertainment and Iconix Brand Group, and previously served as the CEO of Marvel Entertainment and president of a Black and Decker business group.
http://www.uncorporeal.com/ 
http://www.prnewswire.com/news-releases/peter-cuneo-joins-uncorporeal-systems-as-chairman-300408206.html 

(San Francisco) San Francisco-based PagerDuty, developer of an incident management platform for digital businesses, on Thursday named former AppDynamics executive Joe Sexton to its executive advisory board. Sextron previously served as president of worldwide field operations at AppDynamics , which recently was acquired by Cisco. He also currently serves on the boards of SnapRoute and CrowdStrike, in addition to being an executive in residence at Greylock Partners and Lightspeed Venture Partners.
https://www.pagerduty.com/newsroom/joe-sexton-executive-advisory-board/ 

===================================================
Job/Event/Services Listings:
===================================================
To Post in Job/Event/Marketplace: http://www.bayareatechwire.com
7,000 Readers: 5 day ad: $120--10 day ad: $175--20 day ad: $300

> The Shifting Sands of Employee Motivation

The old "if-then motivators" of giving bonuses for the achievement of goals no longer work. Work has become too complex and is changing too rapidly for such simple formulas to be relevant and to motivate performance. Here, we summarize research on shifts in employee motivators.
http://www.fairfaxcountyeda.org/bay-area-tech-wire
_____________________________________________

> Director of the Department of Technology/Chief Information Officer

The City and County of San Francisco is conducting a national search for an engaging, customer-service driven executive to oversee the award-winning Department of Technology with over 220 employees and an annual operating budget of nearly $100 million. The Director of the Department of Technology/Chief Information Officer (Director of DT/CIO) is at-will management-level position reporting to the Mayor with functional reporting to the City Administrator. Interested candidates should apply by by submitting a compelling cover letter, comprehensive resume, and current salary to apply@ralphandersen.com. Confidential inquiries welcomed to Ms. Heather Renschler at (916) 630-4900. Detailed brochure available at www.ralphandersen.com.
_____________________________________________

> Advertising on Bay Area Tech Wire

Post jobs, events, webinars, whitepapers or service ads on Bay Area Tech Wire and grow your business. Reach more than 7,000 business and technology professionals from the Bay Area. http://www.bayareatechwire.com/

===================================================
Subscribe to other newsletters from Tech Wire Media Group:

Potomac Tech Wire: http://www.potomactechwire.com
Bay Area Tech Wire: http://www.bayareatechwire.com
New England Tech Wire: http://www.newenglandtechwire.com

Advertising: If you are interested in advertising in our newsletters, call
Paul Sherman at 1-301-656-0057 x1103 or send email to paul@techwiremedia.com

News tips, press releases. Send email to:
editorial@bayareatechwire.com

Tech Wire Mailing Address:
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Washington, DC 20003

Copyright: CapWire Inc. 2017


 

 

 

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Wednesday, February 15, 2017

Bay Area Tech Wire - Feb. 15

==========================================
BAY AREA TECH WIRE -- Feb. 15, 2017
==========================================
To subscribe: www.bayareatechwire.com

o
Mill Valley's IOVOX Lands $10 Million for U.S. Expansion
o
San Jose-Based PayPal to Acquire Canada's TIO Networks
o
Ascendum Solutions to Acquire San Francisco-Based Sourcebits
o DXC Technology Tabbed as Name for Merged CSC, HPE Business
o
Senate Confirms Linda McMahon as New SBA Administrator
o Briefly Noted: UniPixel, Adyen
_____________________________________________

> Job/Event/Marketplace Classified Listings (Full Listings Below Stories)

--
The Shifting Sands of Employee Motivation
--Job Listing: Director of the Department of Technology/Chief Information Officer
--Mid-Atlantic Marketing Summit - April 21 - DC

Full Job, Event, Marketplace and Services Descriptions Below in Classified Ad Section

Post Job/Event/Marketplace ad at: http://www.bayareatechwire.com

_____________________________________________

o Mill Valley's IOVOX Lands $10 Million for U.S. Expansion

Mill Valley, Calif. -- IOVOX, a U.K.-based developer of call analytics technology with a growing presence in Mill Valley, said on Wednesday it has raised $10 million in its first round of funding, consisting of a combination of equity and debt. Octopus Ventures, SF Capital and Silicon Valley Bank took part in the round, which the company will use to expand in the U.S. and widen the market for its services. Co-founded in the U.K. by Ryan and Belinda Gallagher, IOVOX is a provider of call analytics tools to large brands such as British Telecom, Zoopla, AutoTrader U.K. and Pizza Express. Clients use the technology to sync, store, organize and search their call data across all devices. The company's recently opened office in Mill Valley serves as a hub for its U.S. growth plans. "Historically, the call tracking industry has been focused on helping prove ROI for inbound marketing calls," said Ryan Gallagher. "Inbound marketing calls are just a portion of a company's total call volume. With this new funding, we've set out to make all calls -- regardless of source -- actionable, informative and able to be analyzed for individuals and for businesses of any size."
https://enterprise.iovox.com/ 
https://enterprise.iovox.com/press/funding 
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o San Jose-Based PayPal to Acquire Canada's TIO Networks

San Jose, Calif. -- PayPal, the San Jose-based digital payments giant, said it will pay approximately $233 million in cash to acquire Vancouver-based TIO Networks, provider of a cloud-based multi-channel bill payment processing and receivables service. Under the deal, expected to close after midyear, PayPal will pay $2.56 a share. TIO processed more than $7 billion in consumer bill payments last year, primarily to telecom, wireless, cable and utility companies, and currently serves more than 14 million customer accounts, primarily from the financially underserved. The company's service allows customers to pay their bills from 900 self-service kiosks, 65,000 walk-in locations or through mobile or web tools. "By acquiring TIO and integrating bill payment into our global payments platform, PayPal adds another key service in our efforts to become a part of a consumer's everyday financial life," said PayPal CEO Dan Schulman.
https://www.paypal.com/ 
http://www.tionetworks.com/ 
https://investor.paypal-corp.com/releasedetail.cfm?ReleaseID=1011865 
_____________________________________________

o Ascendum Solutions to Acquire San Francisco-Based Sourcebits

San Francisco -- Ascendum Solutions, an Ohio-based provider of information technology consulting services, said on Wednesday it will acquire San Francisco-based Sourcebits, a provider of digital strategy and design services. Financial terms of the deal, expected to close by the end of March, were not disclosed. Sourcebits, which is primarily backed by Sequoia and IDG, has developed mobile apps for more than 400 clients in the retail, financial services, wellness, travel and technology sectors. Ascendum said the acquisition will bolster its digital business, which offers digital strategy services, analytics, Internet of Things (IoT) and cloud products to clients.
http://www.ascendum.com 
http://www.sourcebits.com 
http://finance.yahoo.com/news/ascendum-acquires-sourcebits-sequoia-idg-150000097.html 
_____________________________________________

o DXC Technology Tabbed as Name for Merged CSC, HPE Business

McLean, Va. -- The proposed merger of CSC and the Enterprise Services segment of Palo Alto-based Hewlett Packard Enterprise (HPE) will result in the formation of a new company called DXC Technology, the companies announced Wednesday. The new company, a pure-play IT services firm with approximately $26 billion in annual revenue and nearly 6,000 clients, is expected to debut April 3. The company expects to list its shares on the New York Stock Exchange under the ticker symbol "DXC." Mike Lawrie, CSC's chairman, president and CEO, who will serve in those same roles with DXC, said the new company will "[enable] clients to seize the opportunities presented by today's rapidly changing technologies." Shareholders of CSC and HPE each will own about 50% of the newly formed entity. The megadeal was first announced in May.
http://www.csc.com
http://www.csc.com/newsroom/press_releases/139540-dxc_technology_revealed_as_name_for_combined_csc_and_hpe_
enterprise_services_business_following_merger_completion 
_____________________________________________

o Senate Confirms Linda McMahon as New SBA Administrator

Washington, DC -- The Senate on Wednesday confirmed Linda McMahon, the former CEO of World Wrestling Entertainment (WWE), as the new administrator of the Small Business Administration (SBA). McMahon, a Republican who ran for U.S. Senator in Connecticut in 2010 and 2012, was nominated by President Trump. She said she aims to focus on promoting entrepreneurship, particularly among women -- something she advocated as the co-founder and CEO of Women's Leadership LIVE, a leadership and business training organization. In her new role, McMahon will direct a federal agency with more than 2,000 full-time employees that helps small business owners and entrepreneurs secure financing, technical assistance and training, as well as vie for federal contracts. "I believe in leadership by example," said McMahon. "As a CEO, I never expect employees to do anything I am not willing to do myself. I believe in setting expectations and holding people accountable, but trusting them to do the job for which they were hired." She succeeds Maria Contreras-Sweet, who was nominated by President Obama in 2014.
https://www.sba.gov/about-sba/sba-newsroom/press-releases-media-advisories/linda-mcmahon-confirmed-senate-sba-administrator 
_____________________________________________

o Briefly Noted:

(Santa Clara, Calif.) Santa Clara-based UniPixel, a developer of metal mesh capacitive touch sensors for the touchscreen and flexible display markets, said it has priced a $10 million public offering. The company is selling 10.5 million shares for $0.95 each in the offering, which is expected to close next Tuesday.
http://www.unipixel.com/news-single/unipixel-prices-10-million-public-offering-common-stock-warrants-purchase-common-stock/ 

(San Francisco) Adyen, a San Francisco- and Amsterdam-based developer of payments technology used by clients such as Uber, Facebook and Netflix, on Wednesday named Eric Morse as its senior vice president of sales in North America. Morse most recently served as the vice president of enterprise sales at NetSuite, and earlier was the sales and business development lead for Google Cloud Platform.
https://www.adyen.com/ 
http://www.prnewswire.com/news-releases/adyen-hires-eric-morse-as-senior-vice-president-of-sales-north-america-300407625.html 

===================================================
Job/Event/Services Listings:
===================================================
To Post in Job/Event/Marketplace: http://www.bayareatechwire.com
7,000 Readers: 5 day ad: $120--10 day ad: $175--20 day ad: $300

> The Shifting Sands of Employee Motivation

The old "if-then motivators" of giving bonuses for the achievement of goals no longer work. Work has become too complex and is changing too rapidly for such simple formulas to be relevant and to motivate performance. Here, we summarize research on shifts in employee motivators.
http://www.fairfaxcountyeda.org/bay-area-tech-wire
_____________________________________________

> Director of the Department of Technology/Chief Information Officer

The City and County of San Francisco is conducting a national search for an engaging, customer-service driven executive to oversee the award-winning Department of Technology with over 220 employees and an annual operating budget of nearly $100 million. The Director of the Department of Technology/Chief Information Officer (Director of DT/CIO) is at-will management-level position reporting to the Mayor with functional reporting to the City Administrator. Interested candidates should apply by by submitting a compelling cover letter, comprehensive resume, and current salary to apply@ralphandersen.com. Confidential inquiries welcomed to Ms. Heather Renschler at (916) 630-4900. Detailed brochure available at www.ralphandersen.com.
_____________________________________________

> Advertising on Bay Area Tech Wire

Post jobs, events, webinars, whitepapers or service ads on Bay Area Tech Wire and grow your business. Reach more than 7,000 business and technology professionals from the Bay Area. http://www.bayareatechwire.com/

===================================================
Subscribe to other newsletters from Tech Wire Media Group:

Potomac Tech Wire: http://www.potomactechwire.com
Bay Area Tech Wire: http://www.bayareatechwire.com
New England Tech Wire: http://www.newenglandtechwire.com

Advertising: If you are interested in advertising in our newsletters, call
Paul Sherman at 1-301-656-0057 x1103 or send email to paul@techwiremedia.com

News tips, press releases. Send email to:
editorial@bayareatechwire.com

Tech Wire Mailing Address:
P.O. Box 15180
Washington, DC 20003

Copyright: CapWire Inc. 2017


 

 

 

To unsubscribe/change profile: click here

To subscribe: click here

Tuesday, February 14, 2017

Bay Area Tech Wire - Feb. 14

==========================================
BAY AREA TECH WIRE -- Feb. 14, 2017
==========================================
To subscribe: www.bayareatechwire.com

o
Campbell-Based Komprise Raises $12 Million in Second Round
o
Oakland-Based Conductor Technologies Raises First Round of Funding
o
Accion Venture Lab Sells Stake in Palo Alto's Clip for Second Exit
o
Study: Cybersecurity Skills Gap Leaving Organizations Short-Handed
o U.S. Information Technology Employment Shows Strong Growth in January
o Briefly Noted: Yewno, Talkwalker, Folloze
_____________________________________________

> Job/Event/Marketplace Classified Listings (Full Listings Below Stories)

--
The Shifting Sands of Employee Motivation
--Job Listing: Director of the Department of Technology/Chief Information Officer
--Mid-Atlantic Marketing Summit - April 21 - DC

Full Job, Event, Marketplace and Services Descriptions Below in Classified Ad Section

Post Job/Event/Marketplace ad at: http://www.bayareatechwire.com

_____________________________________________

o Campbell-Based Komprise Raises $12 Million in Second Round

Campbell, Calif. -- Komprise, the Campbell-based developer of an analytics-driven data management platform, said on Tuesday it has raised $12 million in its second round of funding, led by Walden International. Previous backer Canaan Partners and individuals such as Bill Moore (co-founder of ZFS, ex-EMC Fellow) and Sanjay Mehrotra (ex-CEO of SanDisk) also participated. The company, which also announced the available of its Data Management Grid product, said it will use the funds to expand operations globally. Komprise's core platform, released last summer, is designed to help businesses better deal with the massive growth of unstructured data. The platform uses analytics to intelligently manage, archive, replicate and protect data across both on-premise and cloud storage,
https://www.komprise.com 
http://www.prnewswire.com/news-releases/komprise-raises-12m-series-b-announces-general-availability-of-komprise-data-management-grid-300405911.html 
_____________________________________________

o Oakland-Based Conductor Technologies Raises First Round of Funding

Oakland -- Conductor Technologies, the Oakland-based developer of a cloud rendering platform used in movies such as "Deadpool" and "Star Trek Beyond," said on Tuesday it has raised an unspecified amount in its first round of funding. Walden Venture Capital led the round, which also included participation by Autodesk. The company said it will use the capital to fuel hiring in product development, engineering, sales and marketing, as well as to kick-start its go-to-market plan. Conductor, a spin-out of visual effects company Atomic Fiction, has developed a cloud-based rendering platform used to minimize costs and keep pace with rapidly growing demands in movies, TV shows, video games and emerging mediums like virtual reality. The company manages the entire process of rendering in the cloud, from when artists hit the "render" button to when the resulting final image is downloaded back to them. Customers pay an all-inclusive price for computing power, software licenses, networking and file transfers.
http://www.conductortech.com
http://www.businesswire.com/news/home/20170214005388/en/Conductor-Technologies-Raises-Series-Funding 
_____________________________________________

o Accion Venture Lab Sells Stake in Palo Alto's Clip for Second Exit

Palo Alto, Calif. -- Accion Venture Lab, the seed-stage investment arm of microfinance nonprofit Accion, said on Tuesday it has sold its stake in Clip, a Palo Alto- and Mexico City-based provider of digital payment technology to often financially underserved small businesses in Mexico. Venture Lab co-led the first institutional investment in Clip in 2013. Now, the company becomes its second exit, following its exit from India-based lender Varthana in November. Michael Schlein, the president and CEO of Accion, said the exits demonstrate "the viability of achieving both profit and purpose by investing in early stage start-ups that promote high-quality financial services for underserved customers." Clip combines a card reader plug-in for smartphones with a back-end risk management platform to enable nearly any merchant in Mexico to accept all types of debit and credit cards. Financial terms of the deal were not disclosed.
http://www.accion.org
http://www.prnewswire.com/news-releases/accion-venture-lab-marks-second-successful-exit-driving-social-and-financial-impact-from-investment-in-clip-300406592.html 
_____________________________________________

o Study: Cybersecurity Skills Gap Leaving Organizations Short-Handed

San Francisco -- Though most organizations now view cyber security attacks as inevitable, the majority of organizational leaders surveyed fear they are ill-equipped to address these threats head-on, according to a new study by ISACA's Cybersecurity Nexus. Only 59% of surveyed organizations say they receive at least five applications for each cyber security opening, and only 13% receive 20 or more. By contrast, studies show most corporate job openings result in 60-250 applicants. Compounding the problem, more than a third of respondents said that fewer in one in four candidates possess the requisite qualifications. "The survey underscores a fundamental disconnect between employer expectations and what candidates can actually bring to the table," said Matt Loeb, the CEO of ISACA. "Employers are looking for candidates to make up for lost time, but that doesn't necessarily mean a significant academic investment. Many organizations place more weight in real-world experience and performance-based certifications and training that require far less time than a full degree program." More than 1 in 4 companies said that the time to fill priority cyber security and information security positions can be six months or longer. And in Europe, almost one-third of cyber security job openings remain unfilled. The complete report is available at the link below.
http://www.isaca.org/About-ISACA/Press-room/News-Releases/2017/Pages/Survey-Cyber-Security-Skills-Gap-Leaves-1-in-4-Organizations-Exposed-for-Six-Months-or-Longer.aspx
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o U.S. Information Technology Employment Shows Strong Growth in January

Alexandria, Va. -- Information technology employment showed healthy gains in January, according to new figures from the TechServe Alliance. The organization said the number of IT jobs in the U.S. grew 0.3% sequentially to 5.26 million, and has increased 3.9% over the past year. "While a single month does not establish a trend, I am pleased IT showed some strength as we begin the new year," said TechServe CEO Mark Roberts. "While bullish that demand will increase as the year unfolds, I remain concerned with the rhetoric supporting more restrictive immigration policies for high skilled workers. Given the shortage of many IT and engineering skill sets, such policies could limit domestic IT and engineering job growth pushing those jobs overseas -- an undesirable outcome for both U.S.-based businesses and workers."
https://www.techservealliance.org/files/IndexReleaseFeb2017.pdf (PDF)
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o Briefly Noted:

(Redwood City, Calif.) Redwood City-based Yewno, a developer of inference engine technology designed to mimic the human brain, on Tuesday named Franny Lee as its chief operating officer (COO) for education. Lee currently serves as a board director at MIT Press, and recently was a general manager and vice president at ProQuest.
http://yewno.com 
http://www.businesswire.com/news/home/20170214005584/en/Yewno-Appoints-COO-Education 

(San Francisco) Talkwalker, a New York-based developer of technology providing social media insights through real-time social listening and social media analytics, said on Tuesday it has opened a new office in San Francisco. The company, which recently landed $5.4 million in funding, also has named John Zhao as its head of sales for the West Coast. Zhao most recently served as the head of sales at AirPR, and previously was the director of sales at BrightEdge and Boost Media.
https://www.talkwalker.com
http://www.prnewswire.com/news-releases/talkwalker-accelerates-growth-in-us-with-new-office-opening-in-san-francisco-300406249.html 

(Palo Alto, Calif.) Palo Alto-based Folloze, developer of an account-based marketing sales platform, on Tuesday named Christian Hjorth as its chief revenue officer. Hjorth most recently served as the senior vice president of global sales at Tradeshift, and previously was a senior sales executive at Salesforce.com and SAP.
http://folloze.com
http://www.businesswire.com/news/home/20170214005159/en/Folloze-Appoints-Christian-Hjorth-Chief-Revenue-Officer 

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> The Shifting Sands of Employee Motivation

The old "if-then motivators" of giving bonuses for the achievement of goals no longer work. Work has become too complex and is changing too rapidly for such simple formulas to be relevant and to motivate performance. Here, we summarize research on shifts in employee motivators.
http://www.fairfaxcountyeda.org/bay-area-tech-wire
_____________________________________________

> Director of the Department of Technology/Chief Information Officer

The City and County of San Francisco is conducting a national search for an engaging, customer-service driven executive to oversee the award-winning Department of Technology with over 220 employees and an annual operating budget of nearly $100 million. The Director of the Department of Technology/Chief Information Officer (Director of DT/CIO) is at-will management-level position reporting to the Mayor with functional reporting to the City Administrator. Interested candidates should apply by by submitting a compelling cover letter, comprehensive resume, and current salary to apply@ralphandersen.com. Confidential inquiries welcomed to Ms. Heather Renschler at (916) 630-4900. Detailed brochure available at www.ralphandersen.com.
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Monday, February 13, 2017

Bay Area Tech Wire - Feb. 13

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BAY AREA TECH WIRE -- Feb. 13, 2017
==========================================
Sponsored By: Fairfax County Economic Development Authority
http://www.fairfaxcountyeda.org/bay-area-tech-wire

o
Ford Accelerates Push into Autonomous Vehicles with $1B Investment
o
San Jose-Based Electric Cloud Lands $6 Million Investment
o Redwood City-Based Omidyar Network Invests in Landmapp BV
o
Santa Clara-Based NSFocus Names Jens Andreassen as COO
> The Shifting Sands of Employee Motivation
o Briefly Noted:
Meta, Knightscope
_____________________________________________

> Job/Event/Marketplace Classified Listings (Full Listings Below Stories)

--
The Shifting Sands of Employee Motivation
--Job Listing: Director of the Department of Technology/Chief Information Officer
--Mid-Atlantic Marketing Summit - April 21 - DC

Full Job, Event, Marketplace and Services Descriptions Below in Classified Ad Section

Post Job/Event/Marketplace ad at: http://www.bayareatechwire.com

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o Ford Accelerates Push into Autonomous Vehicles with $1B Investment

San Francisco -- Ford Motor Company said it will invest $1 billion over the next five years in Argo AI, a Pennsylvania-based artificial intelligence company with an engineering hub in the Bay Area, to develop a virtual driver system for the automaker's autonomous vehicle coming in 2021. The current team developing Ford's virtual driver system -- the machine-learning software that acts as the brain of autonomous vehicles -- will be combined with the robotics talent and expertise of Argo AI. Argo AI founders Bryan Salesky (CEO) and Peter Rander (COO) both are alumni of Carnegie Mellon's National Robotics Engineering Center and former leaders on the self-driving car teams of Google and Uber, respectively. "The next decade will be defined by the automation of the automobile, and autonomous vehicles will have as significant an impact on society as Ford's moving assembly line did 100 years ago," said Ford CEO Mark Fields. "We believe that investing in Argo AI will create significant value for our shareholders by strengthening Ford's leadership in bringing self-driving vehicles to market in the near term and by creating technology that could be licensed to others in the future." Ford hopes to release a fully autonomous vehicle for commercial application in mobility services in 2021. By the end of this year, Argo AI expects to have more than 200 team members, based in the company's Pittsburgh headquarters and at major sites in Southeastern Michigan and the Bay Area.
http://www.argo.ai 
http://www.media.ford.com
https://media.ford.com/content/fordmedia-mobile/fna/us/en/news/2017/02/10/ford-invests-in-argo-ai-new-artificial-intelligence-company.html 
_____________________________________________

o San Jose-Based Electric Cloud Lands $6 Million Investment

San Jose, Calif. -- Electric Cloud, a San Jose-based developer of tools designed to automate and accelerate the software delivery process, said on Monday it has landed a new $6 million investment from Wellington Financial. As part of the deal, the company also will get a $5 million line of credit and venture term loan facility from Bridge Bank. "This investment will help us continue to improve the support that we provide to our existing clients, grow our footprint in new regions worldwide and fund further product development to keep us well ahead of the competition," said CEO Steve Brodie. The company's flagship product, called ElectricFlow, is designed to orchestrate the entire delivery process, automating builds, tests and deployments. Customers include E*Trade, Scottrade, Gap, Qualcomm and GE. Electric Cloud is backed by Rembrandt Venture Partners, US Venture Partners, RRE Ventures and Siemens Venture Capital.
http://electric-cloud.com/ 
http://www.businesswire.com/news/home/20170213005607/en/Wellington-Financial-US6M-Electric-Cloud-Accelerate-Growth
_____________________________________________

o Redwood City-Based Omidyar Network Invests in Landmapp BV

Redwood City, Calif. -- Omidyar Network, the Redwood City-based philanthropic investment firm founded by eBay founder Pierre Omidyar and his wife Pam, said on Monday it has invested an unspecified amount in Landmapp BV, an Amsterdam-based property rights company that helps smallholder farmers document and protect their land holdings. Launched in 2015, Landmapp offers a mobile platform that provides smallholder farmer families with documentation of their land. The company has a field-based team of surveyors who use handheld GPS devices to map each farmer's plot. then validates the land claim with neighbors, submits the claim to the authorities and delivers a final land certificate to the farmer. Landmapp currently focuses on cocoa farmers in Ghana, but plans to expand into other countries. "They have clearly shown that farmers in Ghana understand the value of land documentation and are willing to pay for the legal protection they offer," said Peter Rabley, an Omidyar venture partner. "We believe this model can be replicated in other countries."
http://www.omidyar.com
http://www.landmapp.net/ 
http://www.prnewswire.com/news-releases/omidyar-network-invests-in-property-rights-startup-landmapp-to-help-ghanaian-farmers-document-their-land-300405865.html
_____________________________________________

o Santa Clara-Based NSFocus Names Jens Andreassen as COO

Santa Clara, Calif. -- NSFocus, a Santa Clara-based developer of intelligent hybrid security tools, on Monday named Jens Andreassen as its new chief operating officer (COO). Andreassen, most recently the CEO of cybersecurity firm Lastline, will be responsible for launching new products and growing the company's business outside of China, focusing on the North America, EMEA, Japan and APAC regions. Andreassen also previously spent eight years as the international vice president of strategy and new technology at Fortinet. NSFocus builds and implements multi-layered defense systems, utilizing both cloud and on-premises security platforms and real-time global threat intelligence. 
http://nsfocusglobal.com/ 
http://www.businesswire.com/news/home/20170213005015/en/NSFOCUS-Names-Jens-Andreassen-Chief-Operating-Officer  
_____________________________________________

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> The Shifting Sands of Employee Motivation

The old "if-then motivators" of giving bonuses for the achievement of goals no longer work. Work has become too complex and is changing too rapidly for such simple formulas to be relevant and to motivate performance. Here, we summarize research on shifts in employee motivators.

http://www.fairfaxcountyeda.org/bay-area-tech-wire

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o Briefly Noted:

(San Mateo, Calif.) San Mateo-based Meta, a developer of augmented reality technology, on Monday named Kari Pulli as its chief technology officer (CTO) of core technologies. Pulli most recently served as senior principal engineer and CTO of the Imaging and Camera Technologies Group at Intel. Meta's technology is designed to let people use their hands to interact with holograms so they can touch, grab, create and share digital content.
http://www.businesswire.com/news/home/20170213005204/en/Silicon-Valley-Luminary-Kari-Pulli-Joins-Meta 

(Mountain View, Calif.) Mountain View-based Knightscope, a developer of advanced physical security technologies, said on Monday it has landed more than $1 million in new contracts, including over $400,000 in January alone. Under the deals, the company will deploy its autonomous data machines in a variety of environments, including corporate campuses, hospitals, malls, stadiums and movie studios across the U.S.
http://knightscope.com/ 
http://www.businesswire.com/news/home/20170213005040/en/Knightscope-Announces-Contracts-Totaling-1-Million 

===================================================
Job/Event/Services Listings:
===================================================
To Post in Job/Event/Marketplace: http://www.bayareatechwire.com
7,000 Readers: 5 day ad: $120--10 day ad: $175--20 day ad: $300

> The Shifting Sands of Employee Motivation

The old "if-then motivators" of giving bonuses for the achievement of goals no longer work. Work has become too complex and is changing too rapidly for such simple formulas to be relevant and to motivate performance. Here, we summarize research on shifts in employee motivators.
http://www.fairfaxcountyeda.org/bay-area-tech-wire
_____________________________________________

> Director of the Department of Technology/Chief Information Officer

The City and County of San Francisco is conducting a national search for an engaging, customer-service driven executive to oversee the award-winning Department of Technology with over 220 employees and an annual operating budget of nearly $100 million. The Director of the Department of Technology/Chief Information Officer (Director of DT/CIO) is at-will management-level position reporting to the Mayor with functional reporting to the City Administrator. Interested candidates should apply by by submitting a compelling cover letter, comprehensive resume, and current salary to apply@ralphandersen.com. Confidential inquiries welcomed to Ms. Heather Renschler at (916) 630-4900. Detailed brochure available at www.ralphandersen.com.
_____________________________________________

> Advertising on Bay Area Tech Wire

Post jobs, events, webinars, whitepapers or service ads on Bay Area Tech Wire and grow your business. Reach more than 7,000 business and technology professionals from the Bay Area. http://www.bayareatechwire.com/

===================================================
Subscribe to other newsletters from Tech Wire Media Group:

Potomac Tech Wire: http://www.potomactechwire.com
Bay Area Tech Wire: http://www.bayareatechwire.com
New England Tech Wire: http://www.newenglandtechwire.com

Advertising: If you are interested in advertising in our newsletters, call
Paul Sherman at 1-301-656-0057 x1103 or send email to paul@techwiremedia.com

News tips, press releases. Send email to:
editorial@bayareatechwire.com

Tech Wire Mailing Address:
P.O. Box 15180
Washington, DC 20003

Copyright: CapWire Inc. 2017


 

 

To unsubscribe/change profile: click here

To subscribe: click here