| ============================================ BAY AREA TECH WIRE -- Sept. 27, 2013 ============================================ To Subscribe: www.bayareatechwire.com o San Mateo-Based RingCentral Prices IPO, Shares Soar 40% in Debut o Palo Alto-Based Unsilo Lands Funding form Scale Capital o San Jose-Based eBay Acquires Bureau of Trade o Report: Online Shoppers Seeking More Shipping, Delivery Options o Tribune to Make $100 Million in Cuts to Newspaper Business o Briefly Noted: Durect, Hexigo _____________________________________________ > Job/Event/Marketplace Classified Listings (Full Listings Below Stories) --Search Services Without a Fee --Service Co-ordinator/Customer Service Representative --TelcoVision Conference - Las Vegas --Chief Information Officer/IT Director - City of Mountain View --Advertise on Bay Area Tech Wire and Reach More than 6,000 Subscribers Ad Descriptions Below Briefly Noted Section Post Job/Event/Marketplace ad: http://www.bayareatechwire.com _____________________________________________ o San Mateo-Based RingCentral Prices IPO, Shares Soar 40% in Debut San Mateo, Calif. -- Shares of San Mateo-based RingCentral spiked 40% on their first day of trading Friday, hours after the developer of cloud-based business communications tools priced its initial public offering (IPO). The company is selling 7.5 million shares -- all but 80,000 directly from the company -- for $13 each, the high end of its expected range of $11-$13. Shares, now trading on the New York Stock Exchange under the symbol "RNG," closed at $18.14. RingCentral, which was primarily backed by Sequoia Capital, Khosla Ventures and DAG Ventures, generated $106 million in sales last year for a net loss of about $34 million. http://www.ringcentral.com/ http://www.businesswire.com/news/home/20130926006495/en/RingCentral-Announces-Pricing-Initial-Public-Offering _____________________________________________ o Palo Alto-Based Unsilo Lands Funding form Scale Capital Palo Alto, Calif. -- Unsilo, a Palo Alto-based developer of semantic search technology for researchers, said on Friday that it has raised an unspecified amount of funding from Scale Capital. The funds will help the company publically launch its core platform in November. Unsilo was co-founded last year by Mads Rydahl, previously the senior director of product design at Siri. Rydahl said his company's technology is designed to find clusters of related documents across seemingly unrelated domains, by matching the meaning of user queries, instead of just the words. "A chemist might look for research in a chemistry journal. But real ground-breaking discoveries often emerge across numerous disciplinary fields and patent databases almost simultaneously," said Rydal. "Unsilo dynamically identifies such clusters of related documents." The company last year launched MedQL.com, a research tool that helps geneticists discover hidden relationships between genes and diseases. http://unsilo.com/ http://www.businesswire.com/news/home/20130927005669/en/Scale-Capital-Funds-Unsilo-Democratizing-Access-Scientific _____________________________________________ o San Jose-Based eBay Acquires Bureau of Trade San Jose, Calif. -- eBay said on Friday it has acquired San Francisco-based Bureau of Trade, operator of a curated online marketplace featuring unique and rare items geared toward men. Financial terms of the deal were not disclosed. Backed by Foundation Capital, Founder Collective and Tech Fellows, Bureau of Trade features items as diverse as classic cars and vintage chronographs to mummy cartonage and petrified lightning. Founder Michael Phillips Moskowitz has joined the eBay Marketplaces team. "As an influential tastemaker, Michael is perfectly poised to further eBay’s mission of connecting shoppers to the things they need and love," said Richelle Parham, the CMO of eBay North America. Moskowitz previously worked at Palo Alto-based design firm IDEO and co-founded the menswear label Gytha Mander and TODO Monthly magazine http://www.bureauoftrade.com http://blog.ebay.com/ebay-acquires-bureau-of-trade/ _____________________________________________ o Report: Online Shoppers Seeking More Shipping, Delivery Options Reston, Va. -- Online shoppers are looking for more control over the shipping and delivery process, according to a new study by comScore and UPS. The report found that online shopping satisfaction in the U.S. is less than 50% for flexibility to change delivery dates and reroute packages. Still, when compared with the rest of the world, shoppers in the U.S. are the most satisfied with their online shopping experiences at 83%, while consumers in the Asia Pacific region are least satisfied at only 50%. More than half of consumers around the world said they would shop more with a retailer offering a hassle-free returns policy. The full report is available at the link below. http://pressroom.ups.com/Press+Releases/Archive/2013/Q2/Consumers+ Want+Choices+and+Convenience+When+Shopping+Online _____________________________________________ o Tribune to Make $100 Million in Cuts to Newspaper Business Chicago -- Media giant Tribune has ordered executives in its publishing business to come up with $100 million in budget cuts, Chicago media reporter Robert Feder wrote on his blog. The cuts, expected to affect all departments, are expected to go into effect Dec. 1. The news comes as Tribune is preparing to spin off its newspapers and focus solely on broadcasting. "They need to show that the publishing unit is going to be solvent to run on its own when they spin it off," an unnamed source told Feder. Tribune operates newspaper such as The Chicago Tribune, The Los Angeles Times, The Baltimore Sun and The South Florida Sun-Sentinel. http://www.robertfeder.com/2013/09/26/tribune-co-boss-orders-100-million-in-cuts/ _____________________________________________ o Briefly Noted: (Cupertino, Calif.) Cupertino-based Durect, a specialty pharmaceutical firm developing drugs for pain and other chronic diseases, on Friday named Jay Shepard to its board of directors. Shepard currently serves as an executive partner at Sofinnova Ventures, and previously was the president and CEO of NextWave Pharmaceuticals. Separately, Michael Casey plans to retire from the board, effective Dec. 31. http://phx.corporate-ir.net/phoenix.zhtml?c=121590&p=irol-newsArticle&ID=1859349&highlight= (Palo Alto, Calif.) Hexigo, an Australian developer of decision-management software, said it has opened a new office in Palo Alto to serve the North American market. The company, founded earlier this year, said its cloud platform is designed to help organizations raise, discuss and make key decisions. http://www.hexigo.com http://ca.finance.yahoo.com/news/decision-making-platform-hexigo-expands-160000580.html =================================================== Job/Event/Marketplace Listings: =================================================== To Post in Job/Event/Marketplace: http://www.bayareatechwire.com 6000 Readers: 5 day ad: $120--10 day ad: $175--20 day ad: $300 > Search Services Without a Fee Before you engage another placement agency, OR hire a contract recruiter, talk to ChiefPeople about our Project Based Recruitment Offering. We have all the resources you'd expect in a placement agency, we guarantee every hire for a full 6 months, and we work on an hourly basis with no placement fees. In addition to reducing your cost-per-hire, we can shorten your time-to-hire, using tools that we've developed. For more information, please contact Roger King, roger@chiefpeople.com 415-339-8544. ____________________________________________ > Service Co-ordinator/Customer Service Representative Portline supplies is looking for ambitious individuals who want to take their career to next level, self -motivation towards hard work is essential to work as part of a dynamic team to help us continue in our tradition of success. If you are an experienced and skilled job-seeker looking for a career in Customer Service, consider Portline Supplies. We offer competitive procurements, supply and event management services. We also offer a comprehensive and competitive benefits package that affords wide-ranging services options to meet the different needs of our diverse client. We are currently looking for people with a great customer focus, computer proficiency, good communication skills, and strong attention to detail. In exchange, we can offer you a competitive hourly rate, paid training, and comprehensive benefits. About us: Portline Supplies is a growing company with a high standard of excellence. We work in a casual and fun working environment and welcome people with an entrepreneurial spirit. Portline Supplies is a Procurements, supply and event management company. We specialize in giving clients an innovative and unique take on their audience that helps push the envelope in terms of Procurements and consumer engagement. Portline Supplies is proud to be an equal opportunity employer. Send resumes to portlinesupplies@gmail.com ____________________________________________ > TelcoVision Conference - Las Vegas TelcoVision is the conference to attend for Tier 2-4 broadband service providers charged with developing their company’s move to an all-IP broadband network. Join key influencers from across the broadband industry to network, learn and come away with actionable strategies which will maximize your investments in the systems and services that power your network and grow your business. Register today at http://www.telcovisiononline.com with code WETV1337 to save $200 or get a FREE expo pass. ____________________________________________ > Chief Information Officer/IT Director - City of Mountain View The newly created CIO position will join a leadership team committed to innovation, creativity, and transforming local government through leading ideas and practices. As the Department Director, the CIO will oversee a staff of 14 employees in planning, maintaining, and managing the City's information systems and communications networks. Bachelor’s degree is required; MBA or MCS is highly desired. This position requires five years responsible experience in information technology, three years of which must have been at a supervisory or management level. Salary range is $132,816 to $193,834 DOQ. Brochure available at www.ralphandersen.com Inquiries encouraged to (916) 630-4900. Email resume and cover letter to apply@ralphandersen.com prior September 27, 2013. ____________________________________________ Bay Area Tech Wire has over 6,000 subscribers who rely on it for their daily briefing of local technology news. Bay Area Tech Wire has various advertising offerings ideal for jobs listings, events, service offerings, and office space for rent. For more info, go to: 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 Digital Media Wire: http://www.digitalmediawire.com Advertising: If you are interested in advertising in our newsletters, call Parul Nath at 1-301-656-0057 xt 1102 or send email to parul@techwiremedia.com News tips, press releases. Send email to: editorial@bayareatechwire.com Tech Wire Mailing Address: 325 Pennsylvania Ave. SE Suite 250 Washington, DC 20003 Copyright: CapWire Inc. 2013 |
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