Thursday, May 17, 2012

Bay Area Tech Wire -- May 17

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BAY AREA TECH WIRE -- May 17, 2012
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To Subscribe: www.bayareatechwire.com

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Palo Alto-Based Pinterest Lands $100 Million at $1.5 Billion Valuation
o Santa Clara-Based Agilent to Acquire Denmark's Dako for $2.2 Billion
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Report: Palo Alto-Based HP to Eliminate 30,000 Jobs in Restructuring
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San Carlos-Based MarkLogic Names Gary Bloom as New CEO
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Survey: 44% Say They Would "Never" Click on Facebook Ads
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Briefly Noted: CrowdOptic - Silicon Valley Bank, Accuray

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--Face-to-Face PR: How to Increase Your Organization's Visibility

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Executive Briefing - Product Portfolio Briefing
--Marketing Events Coordinator
--Senior Manager, eCommerce – Redwood City, CA
--Account Manager
--Sr. Financial Analyst
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o Palo Alto-Based Pinterest Lands $100 Million at $1.5 Billion Valuation

Palo Alto, Calif. -- Pinterest, the pinboard-style social photo sharing site operated by Palo Alto-based Cold Brew Labs, has landed a new $100 million round of funding at a $1.5 billion valuation, led by Japanese online marketplace Rakuten, the companies said on Thursday. Previous backers Andreessen Horowitz, Bessemer Venture Partners and FirstMark Capital, as well as a number of angel investors, also participated. Pinterest said it will use the funds to improve its service and expand its community globally. The investment also marks the launch of a partnership with Rakuten, aimed at helping Pinterest expand in Japan and Rakuten's 17 other markets. "We see tremendous synergies between Pinterest's vision and Rakuten's model for e-commerce," said Rakuten CEO Hiroshi Mikitani. "Rakuten looks forward to introducing Pinterest to the Japanese market as well as other markets around the world."
http://www.pinterest.com 
http://global.rakuten.com/group 
http://www.businesswire.com/news/home/20120516007086/en/Rakuten-Leads-Investment-Pinterest 
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o Santa Clara-Based Agilent to Acquire Denmark's Dako for $2.2 Billion


Santa Clara, Calif. -- Agilent Technologies, the Santa Clara-based measurement technology giant, on Thursday announced the largest acquisition in company history, agreeing to acquire Denmark-based cancer diagnostic company Dako in a deal worth $2.2 billion. The acquisition is expected to close within 60 days, adding more than 1,000 employees and $340 million in annual revenue. "Agilent's strategy in acquiring Dako is about strengthening the company's presence in life science and about revenue growth," said Bill Sullivan, the company's president and CEO. Dako provides antibodies, reagents, scientific instruments and software to customers in pathology laboratories, and also collaborates with a number of major pharmaceutical companies.
http://www.dako.com 
http://www.agilent.com 
http://www.agilent.com/about/newsroom/presrel/2012/17may-gp12009.html 
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o Report: Palo Alto-Based HP to Eliminate 30,000 Jobs in Restructuring

Palo Alto, Calif. -- HP, the Palo Alto-based technology giant, plans to eliminate around 30,000 jobs -- nearly 10% of its current workforce -- as part of a long-term restructuring plan to be unveiled next week, All Things D reported on Thursday. The blog said the cuts are likely to take place over a year or more, with CEO Meg Whitman reinvesting much of the savings into new initiatives. The program reportedly will include around 5,000 voluntary buyouts.
http://www.hp.com 
http://allthingsd.com/20120517/hps-whitman-to-announce-restructuring-plan-wednesday-30000-jobs-targeted/ 
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o San Carlos-Based MarkLogic Names Gary Bloom as New CEO

San Carlos, Calif. -- MarkLogic, a San Carlos-based developer of database software designed to help clients process large amounts of data, on Thursday named Gary Bloom as its new president and CEO. Bloom most recently served as the president and CEO of eMeter, and previously was a consultant at private investment firm TPG. He also earlier served as the vice chair and president of Symantec, as well as the chairman and CEO of Veritas Software.
http://www.marklogic.com/ 
http://www.marklogic.com/news-and-events/press-releases/2012/gary-bloom-joins-marklogic-as-chief-executive-officer/ 
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o Survey: 44% Say They Would "Never" Click on Facebook Ads

London, England -- Thirty percent of people "strongly distrust" Facebook with their personal data, while 44% say they would "never" click on Facebook-sponsored ads, according to a new survey by digital marketing agency Greenlight. Though half of the survey's 500 respondents say they use the site -- ranking it third in popularity behind Google and YouTube -- only 3% of them said they regularly click on the site's ads or sponsored listings. "Facebook's popularity doesn't come as a surprise. However, with over 30% of respondents saying they 'strongly distrust' Facebook with their personal data, Facebook's advertising program has an upward struggle," said Hannah Kimuyu, director of paid media at Greenlight. "Facebook's advertising program allows brands to connect with more than 800 million potential customers, through targeting their age, gender, location and interests, in other words -- personal data."
http://gossip.greenlightdigital.com/whitepaper/search-and-social-media-survey-20112012/ 
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o Briefly Noted:


(San Francisco) San Francisco-based CrowdOptic, a developer of crowd-driven mobile apps, said on Thursday it has landed a new round of debt financing from Silicon Valley Bank. The company said it will use the funds to accelerate development of its technology platform, as well as to expand sales efforts. Financial terms of the round were not disclosed.
http://www.crowdoptic.com 
http://www.svb.com 

(Sunnyvale, Calif.) Sunnyvale-based Accuray, a developer of technology used in radiation oncology, on Thursday named Richard Pettingill to its board of directors. Pettingill previously served as the president and CEO of Allina Health System, and most recently was president and CEO of the California Division of Kaiser Foundation Health Plan and Hospitals.
http://investors.accuray.com/phoenix.zhtml?c=177244&p=irol-newsArticle&ID=1697034&highlight= 

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Job/Event/Marketplace Listings:
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> Face-to-Face PR: How to Increase Your Organization's Visibility

Between regular meetings, phone calls and emails, you may often wonder how you can fit another task into your workday. However, you also often wonder if you are doing everything you can to maximize your organization’s potential and opportunity for growth. In this article, Robert Deigh shows that it may be easier than you think to increase your company’s exposure. By making “face-to-face networking” a habit, and doing so effectively and efficiently, you will have the opportunity to harness new ideas, build solid contacts and prospects, and ultimately grow your organization’s visibility and business. http://www.fairfaxcountyeda.org/bay-area-tech-wire
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> Executive Briefing -- Product Portfolio Management


It's a fact! As your product portfolio grows, the market impact of your organization can quickly become diluted because traditional product management practices focus on improving the performance of each product. Executives and Senior Managers are invited to attend an Executive Briefing to learn how a Product Portfolio Management model improves your market value by uncovering and solving bigger problems beyond the limits of individual products. Business practices for evaluating markets, analyzing competitors, formulating strategies, developing requirements and executing product plans take aim at a completely different target - the performance of your company in key markets - and offers greater strategic value to your organization. Attend in 13 cities in April, May and June. $199 per person. http://www.proficientz.com/portfolio-mgmt-executive-briefing.html
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> Marketing Events Coordinator

Coblentz, Patch, Duffy & Bass LLP, a mid-size law firm is currently seeking a Marketing Events Coordinator with 3+ years of marketing events experience in a corporate environment to provide administrative support to the Marketing Department. This position reports directly to the Marketing Manager to plan, coordinate and manage all aspects of client seminars and receptions, sponsorship events, Firm events and retreats, and other special events. Candidate must have a Bachelor's degree and the ability to communicate clearly and effectively in one-on-one and small group settings with business partners and outside vendors. Additionally, candidate must be a self-starter, detail oriented, have the ability to organize and prioritize a number of tasks and complete them under time constraints. Strong computer, backend web development, HTML and graphics skills are required. Experience with Adobe Photoshop, Illustrator, and InDesign is preferred. Salary: DOE. Please include your salary requirement. Submit your resume and cover letter to the following link (or copy and paste the link to your web browser) https://home.eease.com/recruit/?id=1185751 
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> Senior Manager, eCommerce -- Redwood City, CA

The Sr. Manager of eCommerce will provide leadership on key eCommerce initiatives within Shutterfly.com to continuously improve our customer shopping experience. Reporting to the Sr Director of eCommerce, this seasoned eCommerce professional will use site analytics to drive informed business recommendations, develop site tests aimed at optimizing business goals and serve as the business lead for selected eCommerce projects. This role is focused on driving a compelling and frictionless eCommerce experience for our customers. It is perfect for someone who is interested in using his/her business acumen, eCommerce expertise, and analytic skills to drive exceptional short- and long-term business results. Apply online at: http://www.shutterfly.com/about/positions.jsp?jvi=oW3aWfwP
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> Account Manager

Come join PaperG, just named one of the Forbes' 100 Most Promising Companies in America, as we reinvent modern advertising. A PaperG Account Manager works as a key member of the Accounts team, where they will support PaperG's media company partners and help them thrive using PaperG's technology. Qualifications: College degree. A friendly and engaging personality - a must!. Excellent computer and Internet knowledge. High energy level. Resourceful, well organized, highly dependable, efficient and detail oriented. Knowledge of online advertising industry a strong plus. Send your resume to careers@paperg.com In your email or cover letter, let us know why PaperG interests you.
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> Sr. Financial Analyst

Veracyte is a molecular diagnostics company that is pioneering the emerging field of molecular cytology. Our Finance team seeks an individual who will report to the CFO, with the ability to develop and maintain long-range financial models for the company's strategic plan, produce product revenue projections and forecasts and prepare financial analyses. They will also be able to analyze trends, manage components of the operating plan process, participate in the valuation of potential business development opportunities, and collaborate with R&D, Commercial and Operations functions. The ability to thrive in a fast-paced, challenging and highly diverse team environment is critical. To be a successful candidate you will have at least 4 years of finance/accounting experience, with a proven track record of incorporating applications of accounting principles, financial reporting, and cash management, and be an expert in Excel. It's important that you have experience in life sciences and knowledge/experience with Microsoft GP is a plus, as is an MBA. We would like you to share our commitment to teamwork and collaboration and be excited by the challenges of applying your expertise to an important, emerging area in diagnostics. To apply, please send your resume to jobs@veracyte.com For additional information, see our website www.veracyte.com
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