| ============================================ BAY AREA TECH WIRE -- Feb. 25, 2014 ============================================ To Subscribe: www.bayareatechwire.com o Elliott Increases Offer for San Francisco-Based Riverbed Technology o S.F.-Based Tradeshift Lands $75 Million from Scentan Ventures o Mountain View-Based Coupons.com to Raise Up to $161M in IPO o Palo Alto-Based North Bridge Invests in Clarity Software Solutions o Foster City-Based Cloudian Names Paul Turner as CMO o Briefly Noted: Docker, Wells Fargo, WideOrbit, Milestone Technologies _____________________________________________ > 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 Elliott Increases Offer for San Francisco-Based Riverbed Technology San Francisco -- A month after its $3.08 billion takeover bid for San Francisco-based Riverbed Technology was rejected, hedge fund Elliott Management on Tuesday raised its offer. Elliott said it will now pay $21 a share in cash -- up from $19 -- bringing the value of the proposed deal to $3.36 billion. Riverbed said its board plans to review the proposal, in consultation with its financial and legal advisors. In a letter to Riverbed's board, Elliott, which already controls 10.5% of the company's stock, said it could potentially raise its offer once again, but only if given full access to the company's books. It also accused Riverbed of "ignoring" offers from several potential suitors. "We believe shareholders, the actual owners of the company, should be outraged by the board's behavior," wrote Jesse Cohn, Elliott's portfolio manager. "The board has been ignoring numerous potential buyers, and the board has also bizarrely concluded that it is not worthwhile to allow these parties, including Elliott, to conduct a few weeks of diligence to put forth our highest and best offers for the company." The news sent shares of Riverbed up 4% to close at $20.66. http://www.riverbed.com http://finance.yahoo.com/news/elliott-increases-offer-acquire-riverbed-173600632.html (Elliott letter) http://finance.yahoo.com/news/riverbed-technology-confirms-receipt-unsolicited-201800767.html (Riverbed response) _____________________________________________ o S.F.-Based Tradeshift Lands $75 Million from Scentan Ventures San Francisco -- Tradeshift, the San Francisco-based developer of a platform designed to help businesses connect, collaborate and transact, said on Tuesday it has raised $75 million in its third round of funding from Singapore’s Scentan Ventures. The company said the round, which increases its total backing to $112 million, will help expand its sales, marketing and applications development activities in the U.S., Europe and Asia. The partnership with Scentan will be particularly helpful as the company looks to jumpstart its efforts in Japan, with plans to open a new office in Tokyo. "We spent a lot of time determining who the best partner would be to move Tradeshift to the next level, not just with regard to our funding, but also our global expansion strategy," said co-founder and CEO Christian Lanng. Tradeshift, which connects more than 500,000 companies with their supply chains to facilitate business transactions, had previously secured funding from Notion Capital, Ru-net, Kite Ventures, Intuit and PayPal. Noriaki Okubo, Scentan Ventures' managing director, will join Tradeshift's board. http://tradeshift.com http://www.businesswire.com/news/home/20140225005396/en/Tradeshift-Closes-75-Million-Strategic-Growth-Funding#.Uwy9YeNdXng _____________________________________________ o Mountain View-Based Coupons.com to Raise Up to $161M in IPO Mountain View, Calif. -- Coupons.com, a Mountain View-based provider of digital couponing services, said on Tuesday it plans to raise as much as $161 million in its upcoming initial public offering (IPO). The company expects to price up to 11.5 million shares at $12-$14 each, listing its stock under the symbol "COUP" on the New York Stock Exchange. Coupons.com initially filed for an IPO on Jan. 31. More than 2,000 brands use the company's digital promotion platform, which last year distributed 315 billion coupons. http://www.couponsinc.com http://www.sec.gov/Archives/edgar/data/1115128/000119312514066562/d612699ds1a.htm _____________________________________________ o Palo Alto-Based North Bridge Invests in Clarity Software Solutions Palo Alto, Calif. -- North Bridge Venture Partners, a venture capital firm with dual headquarters in Palo Alto and Massachusetts, said it has invested an unspecified amount in Connecticut-based Clarity Software Solutions, a developer of document management and communications delivery software for the health insurance industry. The company said it will use the proceeds to add executives, bolster its sales and marketing activities and expand its product offerings. Clarity's web-based software is designed to help health plans manage the delivery of critical communications while also allowing them to comply with regulations and adapt to changing business needs and customer preferences. http://www.northbridge.com http://www.clarityssi.com http://www.nbvp.com/clarity-software-solutions-announces-growth-capital-investment-north-bridge-growth-equity _____________________________________________ o Foster City-Based Cloudian Names Paul Turner as CMO Foster City, Calif. -- Cloudian, a Foster City-based software company specializing in cloud storage, has named Paul Turner as its CMO. Turner most recently led the product strategy office at NetApp, and previously was general manager of the OnCommand Insight business. The company also has named Gregory Bryant, the vice president and general manager of Intel Asia-Pacific and Japan, to its board of directors. The news comes four months after Cloudian landed an unspecified amount of funding from Intel Capital in its second round. http://www.cloudian.com/news/press-releases/paul-turner-joins-cloudian-as-cmo.html http://www.cloudian.com/news/press-releases/gregory-bryant-joins-cloudian-bod.html _____________________________________________ o Briefly Noted: (San Francisco) San Francisco-based Docker, the commercial entity behind the open source Docker project, on Tuesday named Scott Johnston as its senior vice president of product. Johnston most recently served as the vice president of marketing and strategy at Puppet Labs. http://blog.docker.io/2014/02/joining-docker-as-svp-of-product/ (San Francisco) San Francisco-based financial services giant Wells Fargo on Tuesday named Charles Thomas as its chief data officer. Thomas most recently served as the chief data and analytics officer at USAA, and earlier held senior positions at Harte-Hanks Direct Marketing, HP and Reliant Energy. https://www.wellsfargo.com/press/2014/20140225_cdo-charles-thomas (San Francisco) San Francisco-based WideOrbit a developer of advertising management software for media companies, on Tuesday named Susie Hedrick as its vice president of sales and business development for radio. Hedrick most recently was the senior vice president of sales and business development at Marketron. http://www.wideorbit.com/wideorbit-appoints-susie-hedrick-vice-president-sales-business-development-radio/ (Fremont, Calif.) Fremont-based Milestone Technologies, a provider of IT outsourcing services to commercial clients, said on Tuesday it has promoted Tara Spencer to vice president of corporate operations. Spencer previously served as the company's director of corporate operations. http://www.milestonepowered.com/ http://www.businesswire.com/news/home/20140224007050/en/MILESTONE-Names-Tara-Spencer-Vice-President-Corporate#.UwzC1-NdXng =================================================== 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. 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