Friday, July 27, 2012

Bay Area Tech Wire -- July 27

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BAY AREA TECH WIRE -- July 27, 2012
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Brightcove to Acquire San Francisco-Based Zencoder
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Shares of Facebook Fall 12% Following Earnings Report
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San Mateo-Based Avistar Communications to Suspend SEC Reporting
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SolarCity Opens Expanded Operations Center in Maryland
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Velti Names Microsoft Veteran Harry Patz as CRO
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Briefly Noted: GraphOn, LifeNexus

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o Brightcove to Acquire San Francisco-Based Zencoder

San Francisco -- Brightcove, a Boston-based developer of cloud technology for publishing and distributing digital media, said it will acquire Zencoder, the San Francisco-based developer of a cloud-based video and audio encoding service. Financial terms of the deal were not disclosed. Founded in 2007, Zencoder offers an encoding service that is used by more than 1,000 organizations, and also provides Video.js, an open source HTML5 video player used on more than 24,000 websites. Investors in Zencoder include Y Combinator, Ignition Partners, Lowercase Capital, SV Angel, 500 Startups and Founder Collective. The Zencoder offices in San Francisco will become the Brightcove Bay Area Development Center, joining similar centers located in Boston and Seattle.
http://www.brightcove.com 
http://zencoder.com/
http://blog.zencoder.com/2012/07/26/brightcove-acquires-zencoder/ 
http://www.brightcove.com/en/company/press/brightcove-signs-definitive-agreement-acquire-zencoder 
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o Shares of Facebook Fall 12% Following Earnings Report

Menlo Park, Calif. -- Shares of Menlo Park-based Facebook fell nearly 12% on Friday after the social networking giant reported lackluster financial results for the second quarter. The company reported a net loss of $157 million on revenue of $1.18 billion. Without one-time expenses related to the company's IPO, however, net income would have been $295 million. Monthly users of the services were 955 million, up 29% from the previous year. Still, the numbers weren't enough to impress investors. Shares closed on Friday at $23.70. The company's initial public offering (IPO) priced at $38.
http://www.facebook.com 
http://investor.fb.com/releasedetail.cfm?ReleaseID=695976   
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o San Mateo-Based Avistar Communications to Suspend SEC Reporting

San Mateo, Calif. -- Avistar Communications, a San Mateo-based developer of unified visual communications technology, said it has decided to voluntarily suspend its obligations to file financial reports with the Securities and Exchange Commission (SEC). The company said the move will significantly cut expenses. "We have deliberately chosen to file a Form 15 with the SEC to allow Avistar to focus on expanding our business without the associated costs of regulatory reporting and filing," said CEO Bob Kirk. Avistar provides its personal videoconferencing capabilities to technology firms such as Citrix, IBM, LifeSize and Logitech.
http://www.avistar.com 
http://www.businesswire.com/news/home/20120726005171/en/Avistar-Communications-Announces-Filing-Form-15-Suspend
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o SolarCity Opens Expanded Operations Center in Maryland

San Mateo -- SolarCity, a San Mateo-based provider of solar energy systems, said it has opened an expanded operations center in Beltsville, Md. as it seeks to expand its business in the region. The company said it has grown from 12 to more than 100 employees in Maryland over the past 18 months, and now provides solar energy services to more than 1,000 buildings across the state. SolarCity, which also has local offices in Silver Spring, Md. and Washington, DC, currently has 10 job openings in Maryland for electricians, installers, managers and auditors.
http://www.solarcity.com 
http://www.solarcity.com/pressreleases/127/SolarCity-Opens-Expanded-Beltsville-Operations-Center--with-Keynote-Address-from-Senator-Cardin.aspx 
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o Velti Names Microsoft Veteran Harry Patz as CRO

San Francisco -- Velti, a U.K. developer of mobile marketing and advertising technology, has named Microsoft veteran Harry Patz as its chief revenue officer (CRO), based in the company's San Francisco office. Patz previously spent 20 years at Microsoft, most recently serving as vice president of the communications sector North America for mobile, media video, cloud and enterprise. Velti also has named Jesper Helt as its senior vice president of human resources. Helt most recently served as the vice president of business HR at SuccessFactors.
http://www.velti.com
http://www.businesswire.com/news/home/20120726005371/en/Velti-Names-Microsoft-Veteran-Chief-Revenue-Officer 
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o Briefly Noted:


(Campbell, Calif.) Campbell-based GraphOn, a developer of remote application access and web-enabling software, has named veteran financial executive Sam Auriemma to its board of directors. Auriemma most recently served as the executive vice president and CFO of MSC Software, and previously held the same roles at IBM/FileNet.
http://www.graphon.com 
http://www.graphon.com/images/file/graphon-auriemma-press-release-26jul12.pdf (PDF)

(San Francisco) San Francisco-based LifeNexus, developer of a technology designed to store an individual's personal health records on a card in their wallet, has named Maureen Schafer as its vice president of corporate development. Schafer most recently was the chief emerging business officer at the Cleveland Clinic Nevada, and also has served in executive positions with Keep Memory Alive.
http://lifenexus.com 
http://www.businesswire.com/news/home/20120725006780/en/Maureen-Schafer-Joins-LifeNexus-Executive-Team-Vice 

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Job/Event/Marketplace Listings:
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>
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According to a recently released study by eMarketer, online advertising is expected to generate $39.5 billion in sales this year…Increase your sales revenue. Advertise with the Tech Wire and enjoy special summer rates.
 http://www.bayareatechwire.com/Advertising_Info.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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