Thursday, October 25, 2012

Bay Area Tech Wire -- Oct. 25

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BAY AREA TECH WIRE -- Oct. 25, 2012
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o
Palo Alto-Based Udacity Raises $15 Million in Second Round
o Telefónica Digital Acquires San Francisco-Based TokBox
o Milpitas-Based Magnum Semiconductor Lands $12M Venture Loan
o Sunnyvale's LeoNovus Raises $1.7 Million in Private Placement
o Report: Silicon Valley Companies Raise $2.6 Billion in Q3
o Tech Giants to Collaborate as Part of Cyber Security Research Alliance
o
Briefly Noted: Netflix
, BranchOut, YapStone International
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o Palo Alto-Based Udacity Raises $15 Million in Second Round

Palo Alto, Calif. -- Udacity, a Palo Alto-based online education startup, said on Thursday it has raised $15 million in its second round of funding, led by Andreessen Horowitz. Previous backers Charles River Ventures and Steve Blank also contributed. The company, which now has raised $21.1 million in the past year, offers free online courses in computer science, math, general sciences, programming and entrepreneurship, More than 753,000 students signed up since its launch in January. Udacity said it will use the proceeds to further build out its interactive course architecture, including adding new environments for programming and scaling course and student analytics.
http://www.udacity.com 
http://www.businesswire.com/news/home/20121025005485/en/Udacity-Secures-15-Million-Series-Led-Andreessen 
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o Telefónica Digital Acquires San Francisco-Based TokBox

San Francisco -- Telefónica Digital, a U.K.-based business unit of the large broadband and telecom provider, said it has acquired San Francisco-based TokBox, developer of a video communications platform that allows clients to add video calling to websites and mobile apps. Financial terms of the deal were not disclosed. Ian Small will remain the CEO of TokBox and Carlos Domingo, Telefónica Digital's director of product development and innovation, will become chairman. Telefónica said the acquisition, which was led by its Mountain View-based venture investment team, will extend its capabilities beyond voice and messaging to live, web-based video. TokBox launched its OpenTok Video Platform in late 2010 with clients such as American Idol, Ford and Diet Coke. "This is a very exciting opportunity to accelerate the development of the OpenTok platform and rapidly expand its global reach and presence," said Small.
http://www.tokbox.com/ 
http://www.telefonica.com/digitalhub 
http://www.businesswire.com/news/home/20121025005391/en/Telef%C3%B3nica-Digital-Acquires-Video-Platform-Leader-TokBox 
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o Milpitas-Based Magnum Semiconductor Lands $12M Venture Loan

Milpitas, Calif. -- Magnum Semiconductor, a Milpitas-based developer of video, audio and data compression tools for broadcast infrastructure networks, said on Thursday it has landed a $12 million subordinated venture loan from NXT Capital's Venture Finance Group. Magnum, which is backed by August Capital, Investcorp Technology Ventures, Investor Growth Capital, Advanced Equities and The Camelot Group, said it will use the financing to fuel global growth initiatives. The company's integrated semiconductor and software solutions products are used by broadcast system vendors throughout the video content creation and distribution chain, from contribution and production through distribution over cable, satellite and IPTV.
http://www.magnumsemi.com 
http://www.nxtcapital.com/venture-finance
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o Sunnyvale's LeoNovus Raises $1.7 Million in Private Placement

Sunnyvale, Calif. -- LeoNovus, the Sunnyvale-based developer of a browser-based Internet platform with a cloud service, said on Thursday it has raised approximately $1.7 million through a private placement. Under the offering, the company sold 11.2 million shares for $0.15 each. LeoNovus, whose shares trade in Canada, said it will use the proceeds for working capital, including the sales and marketing of its Connected TV product and the launch of its "dark core" technology. The company's platform will provide consumer electronic devices such as HDTVs with access to all the features, content and functionality available on the Internet.
http://www.leonovus.com 
http://www.newswire.ca/en/story/1058781/leonovus-closes-private-placement-offering 
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o Report: Silicon Valley Companies Raise $2.6 Billion in Q3

San Francisco -- Silicon Valley companies raised $2.6 billion in venture capital during the third quarter, down sharply from the nearly $3.4 billion raised the previous quarter, according to the new MoneyTree Report from PricewaterhouseCoopers (PwC) and the National Venture Capital Association (NVCA). Nationwide, venture capitalists invested $6.5 billion in 890 deals during the quarter, down 11% in terms of dollars and 5% in the number of deals compared with the second quarter. "The third quarter numbers tell a story consistent with investment themes we have been seeing throughout 2012," said Mark Heesen, president of the NVCA. "Information technology investment continues to be very strong, particularly in the Internet arena while life sciences investment remains low, reflecting ongoing concerns regarding regulatory uncertainty, capital intensity and investment time horizons in the space. We also continue to see clean tech investment shifting concentration to smaller, more capital efficient deals."
http://www.nvca.org/index.php?option=com_content&view=article&id=182&Itemid=616 
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o Tech Giants to Collaborate as Part of Cyber Security Research Alliance

Washington, DC -- Some of the nation's largest tech giant plan to collaborate on cyber security issues as part of a new organization, known as the Cyber Security Research Alliance (CSRA). Founding members of the non-profit include AMD, Honeywell, Intel, Lockheed Martin and RSA/EMC. The companies will work together to help bridge the gap between government-funded R&D and commercially available products in cyber security. Plans already are in the works for a joint cyber security research symposium with the National Institute of Standards and Technology (NIST) early next year. The goal would be to connect researchers and early adopters from across the private, academic and government sectors. "Putting into practice the exciting cyber security innovations that emerge from research requires active partnerships between government and industry and also among private sector stakeholders," said Chuck Romine, director of NIST's Information Technology Laboratory. "The emergence of CSRA can strengthen both kinds of partnerships."
http://www.cybersecurityresearch.org 
http://www.cybersecurityresearch.org/news_and_events/press_releases/pr_20121023.html
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o Briefly Noted:


(Los Gatos, Calif.) Los Gatos-based video subscription service Netflix said on Thursday it has now surpassed 30 million members globally, including 25 million in the U.S. The company hit the 10 million mark in 2009, a decade after it launched its DVD-by-mail service in the U.S. That number jumped to 20 million by the end of 2010 with the widespread adoption of its streaming video service in the U.S. and Canada.
https://signup.netflix.com/MediaCenter/Press 

(San Francisco) San Francisco-based BranchOut, developer of a professional community on Facebook, on Thursday named Ebbe Altberg as its COO. Altberg is the former senior vice president of media engineering at Yahoo. The company also said it has promoted Chris Merritt from vice president to chief marketing and sales officer.
http://branchout.com/ 
http://finance.yahoo.com/news/branchout-hires-ebbe-altberg-former-130000452.html 

(Walnut Creek, Calif.) Walnut Creek-based YapStone International, a provider of web and mobile payment systems for targeted vertical markets, said on Thursday it plans to create 120 jobs at its new European headquarters in Ireland. New jobs will be in the areas of customer support, research and development, software engineering, finance and accounting. The news comes a year after Accel Partners and Meritech Capital Partners made a $50 million minority investment in YapStone.
http://www.yapstone.com/ 
http://www.businesswire.com/news/home/20121024006865/en/YapStone-International-Create-120-Jobs-European-Headquarters

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> webMethods Consultants


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> Just Released! SaaS Entrepreneur: Your Guide to Cloud Apps Success!


"SaaS Entrepreneur: The Definitive Guide to Succeeding in Your Cloud Application Business." SaaS Entrepreneur is divided into the following chapters - Foreword, Introduction, SaaS and the Power of Communities and Analytics, Marketing, Selling and Pricing Your SaaS System, Sales Organization and Compensation in SaaS, SaaS Business Metrics, Operations and Infrastructure in SaaS, Dvelopment and SaaS, Customer Service and SaaS, Professional Services in SaaS, Legal Issues, SLAs, Taxes and VAT in SaaS, International Markets and SaaS. Virtual DVD contains goals and success checklists with over 600 checklist item, videos, templates, sample docs and spreadsheets. Over 200 tables/figures. Purchase today for $49.99 at: http://www.softletter.com/SoftletterStore/tabid/249/p/saas-entrepreneur-the-definitive-guide-to-succeeding-in-your-cloud-application-business/Default.aspx Send inquiries rickchapman@softletter.com
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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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