| ============================================ BAY AREA TECH WIRE -- Feb. 20, 2014 ============================================ To Subscribe: www.bayareatechwire.com o Facebook to Pay $19 Billion for Mountain View-Based WhatsApp o Mountain View-Based Synopsys to Acquire San Francisco's Coverity o Santa Clara-Based Violin Memory Cuts Workforce in Restructuring o SK Telecom Americas Launches Tech Accelerator in Sunnyvale o San Mateo-Based Beckon Launches Following Two Years in Stealth o Briefly Noted: Bridgelux, Zoosk, AOptix, Aruba Networks _____________________________________________ > Job/Event/Marketplace Classified Listings (Full Listings Below Stories) --There's No Such Thing as a Bad Idea When Brainstorming -True or False? --Digital Entertainment World --14 Ideas for Marketing Your Business Online --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 Facebook to Pay $19 Billion for Mountain View-Based WhatsApp Menlo Park, Calif. -- Hoping to further bolster its user base, Menlo Park-based Facebook said it will pay $19 billion to acquire Mountain View-based WhatsApp, developer of a cross-platform mobile messaging app used by more than 450 million people a month. The deal includes $4 billion in cash and $12 billion in Facebook stock, as well as another $3 billion in restricted stock for WhatsApp's founders and employees, which will vest over four years. WhatsApp's Messenger, which allows users to exchange messages without having to pay for texting, is available for iPhone, BlackBerry, Windows Phone, Android and Nokia. "WhatsApp is on a path to connect 1 billion people," said Mark Zuckerberg, Facebook's founder and CEO. "The services that reach that milestone are all incredibly valuable." Facebook said it plans to maintain WhatsApp's brand, as well as the company's headquarters in Mountain View. Jan Koum, WhatsApp's co-founder and CEO, will join the social network's board of directors. WhatsApp's core messaging product and Facebook's existing Messenger app will continue to operate as standalone applications. http://www.whatsapp.com/ http://newsroom.fb.com/News/805/Facebook-to-Acquire-WhatsApp _____________________________________________ o Mountain View-Based Synopsys to Acquire San Francisco's Coverity Mountain View, Calif. -- Synopsys, a Mountain View-based developer of electronic design automation (EDA) and semiconductor technology, said it will pay $375 million to acquire San Francisco-based Coverity, a maker of software quality, testing and security tools. The deal is expected to close by the end of April. Coverity, which is backed by Foundation Capital and Benchmark Capital, is the developer of a platform used by more than 1,100 customers to automatically test source code for software defects. "For Synopsys this is a natural technology adjacency and the opening of a significant new, growing market space," said Aart de Geus, the chairman and co-CEO of Synopsys. http://www.synopsys.com http://www.coverity.com http://news.synopsys.com/2014-02-19-Synopsys-Enters-Software-Quality-and-Security-Market-with-Coverity-Acquisition _____________________________________________ o Santa Clara-Based Violin Memory Cuts Workforce in Restructuring Santa Clara, Calif. -- Violin Memory, a Santa Clara-based developer of persistent memory-based storage systems, said on Thursday it has cut more than 20% of its workforce as part of a restructuring plan that also includes a reorganization of its sales, marketing and engineering functions. The moves leave the company with 380 employees, down from 483 at the end of October. In a related move, Violin said it will explore strategic alternatives for its PCIe flash memory card business. It expects to take action by the end of the first quarter, cutting annual operating expenses by $10 million. "The market opportunity for flash-based storage infrastructure is accelerating, and the restructuring actions we are announcing today should further strengthen our ability to capitalize on this growing opportunity," said Kevin DeNuccio, the company's president and CEO. http://www.violin-memory.com http://investor.violin-memory.com/company/investors-overview/press-releases/press-release-details/2014/Violin-Memory-Announces-Strategic-Restructuring-to-Accelerate-Growth-and-Increase-Operating-Leverage/default.aspx _____________________________________________ o SK Telecom Americas Launches Tech Accelerator in Sunnyvale Sunnyvale, Calif. -- SK Telecom Americas, the U.S. investment arm of Korea's largest wireless operator, said on Thursday it has launched a new technology accelerator in Sunnyvale. The venture, called SKTA Innovation Accelerator, will fund startups in the data center and computing technology arenas. Startups accepted into the program will receive up to $1 million in combined funding, services and facilities, and be paired with strategic partners. "Over the past decade, venture capital funding has swung to software and cloud services, and it’s no longer in vogue for VCs to invest in core technologies," said Min Park, the president of SK Telecom Americas. "We created SKTA Innovation Accelerator to fill this critical void in the technology ecosystem by pioneering a new funding model that brings financial velocity to IT infrastructure startups by enabling a quick path from concept to exit." http://sktainnopartners.com http://sktainnopartners.com/f-a-q/ _____________________________________________ o San Mateo-Based Beckon Launches Following Two Years in Stealth San Mateo, Calif. -- Following two years in stealth mode, San Mateo-based Beckon on Thursday officially launched operations with the release of a platform designed to help marketers manage, measure and optimize their spending across all channels. "There are so many ways to spend our marketing dollars, and at the same time, tremendous pressure to justify the decisions we make," said co-founder and CEO Jennifer Zeszut. "With this launch, marketers finally have a platform for experimentation and accountability." The company said its web-based platform can pull in data from APIs and data warehouses, and also lets users insert data from an array of reports. Beckon so far has worked with brands such as Converse, Nokia, BSkyB, StubHub and Union Bank. http://www.beckon.com/ http://vimeo.com/86085104 (Video) _____________________________________________ o Briefly Noted: (Livermore, Calif.) Livermore-based Bridgelux, a developer of LED lighting technologies, has named semiconductor industry veteran Cem Basceri as its CTO. Basceri, who had held a seat on the company's advisory board, most recently served as the senior director and chief technologist in corporate development and corporate R&D at Micron Technology. http://www.bridgelux.com/press-release/bridgelux-named-cem-basceri-cto/ (San Francisco) San Francisco-based Zoosk, developer of an online dating platform, on Thursday named Aida Alvarez to its board of directors. Alvarez is the former administrator of the Small Business Administration (SBA). She currently sits on the boards of Wal-Mart, Union Bank and Progress Financial. https://www.zoosk.com/ http://www.businesswire.com/news/home/20140220005442/en/Zoosk-Adds-Board-Member-Aida-%C3%81lvarez#.UwZku2JdXng (Campbell, Calif.) Campbell-based AOptix, a developer of biometric identity verification technology, on Thursday named Christina Richards as its vice president of marketing. Richards most recently was the president and CEO of marketing consulting firm Richards Morgan Enterprises, and earlier was the vice president of marketing and business development at SkyFiber. http://www.aoptix.com http://www.businesswire.com/news/home/20140220006420/en/AOptix-Appoints-Christina-Richards-Vice-President-Marketing#.UwZpSmJdXng (Sunnyvale, Calif.) Sunnyvale-based Aruba Networks, a developer of network access technology designed to let employees work from their personal mobile devices, said on Thursday that its board has authorized the repurchase of up to an additional $200 million in company stock. All of the $300 million previously authorized has been repurchased. http://www.arubanetworks.com http://www.businesswire.com/news/home/20140220006023/en/Aruba-Networks-Announces-Additional-200-Million-Share#.UwZuAGJdXng =================================================== 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 > There's No Such Thing as a Bad Idea When Brainstorming -True or False? There's no such thing as a bad idea. Or is there? Brainstorming experts have long held that every idea, however impractical, is worthy of consideration. But in practice, many of us have come across our share of unmistakable duds. We have thoroughly explored this conundrum. Here, we explain why lots of good can come from bad ideas. http://www.fairfaxcountyeda.org/bay-area-tech-wire ____________________________________________ > Digital Entertainment World Digital Entertainment World (DEW), is the definitive event focused on the Ecosystem to Monetize Digital Content (VIDEO, GAMES, MUSIC and PUBLISHING). Featuring over 100 speaking sessions, 300+ speakers and keynotes from Facebook, NBCUniversal, Electronic Arts, and United Talent Agency, DEW is the one event that brings the digital entertainment industry together, with research and analysis, and offers a global platform for media/tech leaders to network, discuss strategies and develop the partnerships that will chart the future direction of content monetization. Register now at http://www.dewexpo.com Use Code: TWBA To Save an Additional 25% ____________________________________________ > 14 Ideas for Marketing Your Business Online Kick start your company's online strategy quickly and easily at a fraction of the cost of advertising! Download PRWeb's free guide, 14 Ideas for Marketing Your Business Online and learn how to get More Publicity, More Prospects, and More Sales! Register for a FREE PRWeb account to download the guide today! Click here ____________________________________________ > 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. Register today at http://www.enterpriseconnect.com/orlando with Discount Code: NLBATW to save $200 or for a Free Expo Pass. ____________________________________________ > Corporate Food-Service - Catering to Cafe Management Cosmopolitan Catering has established itself as Silicon Valley's premier full-service catering and café management company. Working exclusively within the corporate arena, Cosmopolitan Catering has experienced exponential growth by identifying and solving the recurring problems that Silicon Valley companies face when using outdated corporate food-service models. We have in turn addressed each of our client's needs independently to thereby provide customized solutions. The corporate food-service landscape is being redefined by Cosmopolitan Catering by way of bringing back the essence of the word "cater". While our vision and the core of our business model remains consistent, we take a personalized approach when implementing every food-service program we craft, knowing that no two companies will have the same needs. For more information, contact Rick Angelini at rangelini@cosmocaters.com, 408.732.1400, or visit us at www.cosmocaters.com ____________________________________________ > Investment Advisor Executive Investment Advisor Representative-Sales. High payout-little or no costs to you-fully regulated by The State of California and FINRA. Easy platform to have your own Advisory office with full regulation and a fully operable back office. Send resumes to Raymond@AbrahamLockhart.com ____________________________________________ 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. 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