| ============================================ BAY AREA TECH WIRE -- Jan. 17, 2014 ============================================ To Subscribe: www.bayareatechwire.com o Report: Yahoo Editor-In-Chief Quits Day After COO is Fired o Menlo Park-Based Inventus Capital Closes Second Fund at $106 Million o Flextronics Opens Expanded Silicon Valley Product Innovation Center o Milpitas-Based Silicon Turnkey Solutions Acquires Bay Area EMS o Briefly Noted: Akros Silicon, Summit Partners _____________________________________________ > Job/Event/Marketplace Classified Listings (Full Listings Below Stories) --Digital Entertainment World: Register By 1/21 to Save $200 --Don't Quit Your Day Job to Become an Entrepreneur: You Can Do Both! --14 Ideas for Marketing Your Business Online --Siteworx Complimentary Report: Best Practices: Digital Asset Management --Enterprise Connect – March 17-20, 2014 --Corporate Food-Service - Catering to Cafe Management --Investment Adviser Executive --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 Report: Yahoo Editor-In-Chief Quits Day After COO is Fired Sunnyvale, Calif. -- Jai Singh, the editor-in-chief of Sunnyvale-based Yahoo, has quit the company on the heels of the firing of COO Henrique De Castro, the blog re-code reported, citing sources close to the situation. The moves follow an internal memo from CEO Marissa Mayer announcing major changes at the company's media unit, which will now be directed by CMO Kathy Savitt. Singh, the former managing editor of AOL's Huffington Post Media Group, had been with Yahoo since mid-2011. http://recode.net/2014/01/16/yahoos-editor-in-chief-jai-singh-departs-company/ http://recode.net/2014/01/15/he-was-fired-heres-marissa-mayers-de-castro-buh-bye-memo-to-staff/ _____________________________________________ o Menlo Park-Based Inventus Capital Closes Second Fund at $106 Million Menlo Park, Calif. -- Inventus Capital Partners, an early-stage venture capital firm with offices in Menlo Park and India, said on Friday that it has closed its second fund at $106 million. The firm said it expects to back 20-25 companies through the fund, dubbed Fund II, and already has invested in four companies -- Unbxd, Espresso Logic, PolicyBazaar and eDreams. Inventus plans to continue focusing primarily on the areas of consumer and business software and technology-enabled services. "Our investment philosophy is highly focused on the entrepreneur, and aligning resources to help them disrupt or create big markets," said John Dougery, the firm's founder and managing director. Other recent investments include redBus (acquired by Naspers), ViVu (acquired by Polycom) and Sierra Atlantic (acquired by Hitachi Consulting). http://www.investuscap.com http://finance.yahoo.com/news/inventus-capital-partners-closes-oversubscribed-203900336.html;_ylt=A2KLOzLdltlSFX4AGbrQtDMD _____________________________________________ o Flextronics Opens Expanded Silicon Valley Product Innovation Center Milpitas, Calif. -- Flextronics, a Singapore-based provider of electronics manufacturing services with U.S. headquarters in San Jose, on Thursday officially cut the ribbon on its expanded Silicon Valley Product Innovation Center (PIC) in Milpitas. "We have invested more than $40 million dollars to date in this 600,000 square-foot campus that supports major industries in bringing innovative products to market rapidly in a confidential environment," said CEO Mike McNamara. The facility includes advanced 3D plastic printing, Surface Mount Technology (SMT), X-ray and test equipment designed to help companies bring products to market more rapidly. It also includes dedicated customer-confidential work spaces that include increased security and restricted access. http://www.flextronics.com/ http://news.flextronics.com/phoenix.zhtml?c=235792&p=irol-newsArticle&ID=1891604&highlight= _____________________________________________ o Milpitas-Based Silicon Turnkey Solutions Acquires Bay Area EMS Milpitas, Calif. -- Silicon Turnkey Solutions (STS), a Milpitas-based provider of semiconductor assembly engineering services, said on Friday it has acquired the assets of Bay Area EMS (BAEMS), a Milpitas based electronics system integrator and contract manufacturer. Financial terms of the deal were not disclosed. STS said the acquisition will bolster its current product lineup. "This acquisition is vital for our growth and diversification strategy as STS broadens its turnkey board and system level solutions for our customers," said CEO Zef Malik. http://www.sts-usa.com http://www.silicon360.com http://www.businesswire.com/news/home/20140116006545/en/Silicon-Turnkey-Solutions-Completes-Asset-Acquisition-Bay#.UtmDydJdXng _____________________________________________ o Briefly Noted: (Sunnyvale, Calif.) Sunnyvale-based Akros Silicon, a supplier of intelligent energy management chips, has named Faisal Ahmad as its vice president of marketing. Ahmad most recently was the director of marketing and applications at Fairchild Semiconductor. http://akrossilicon.com/content/management-team#Faisal (Menlo Park, Calif.) Summit Partners, an investment firm focused on the technology and energy sectors, with U.S. offices in Menlo Park and Boston, on Friday named Mark Crews as an executive partner. Crews most recently served as senior vice president and general manager of the oilfield division of Lufkin Industries. http://www.summitpartners.com/Mark-Crews-Joins-Summit-Partners.aspx =================================================== 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 > Digital Entertainment World: Register By 1/21 to Save $200 Digital Entertainment World (DEW), is the definitive event focused on the Ecosystem to Monetize Digital Content (VIDEO, GAMES, MUSIC and PUBLISHING). 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Download your complimentary copy of the Forrester Research Report: Best Practices in Digital Asset Management to learn best practices for vendor selection, implementation and adoption. http://www.siteworx.com/news/whitepapers/digital-asset-management-best-practices ____________________________________________ > Enterprise Connect – March 17-20, 2014 There's no single migration path to the next generation of enterprise communications and collaboration systems and services, and Enterprise Connect delivers unbiased information and in-depth research on the key issues you need to evaluate all the options. The conference program covers the full range of platforms, services and applications that comprise modern communications and collaboration systems. The Expo Hall is the ONLY place you'll find over 150 of the leading equipment, software and service providers in one location. 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