| ============================================ BAY AREA TECH WIRE -- Feb. 27, 2014 ============================================ To Subscribe: www.bayareatechwire.com o Palo Alto-Based Nok Nok Labs Raises $16.5 Million in Second Round o eBay Founder Defends Board from Attacks by Carl Icahan o San Francisco-Based Square Acquires BookFresh o San Jose-Based eBay Increases Stake in India's Snapdeal o San Mateo-Based Guavas Names Mike Staiger as CFO o New Microsoft CEO Resigns from Board of S.F.-Based Riverbed o Briefly Noted: Institutional Venture Partners, Openwave Messaging _____________________________________________ > 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 Palo Alto-Based Nok Nok Labs Raises $16.5 Million in Second Round Palo Alto, Calif. -- Nok Nok Labs, a Palo Alto-based developer of online authentication technology, said on Thursday it has raised $16.5 million in its second round of funding. Lenovo Group joined previous backers DCM and ONSET Ventures in the round, which the company will use to accelerate the development and reach of its recently announced NNLTM S3 authentication suite, as well as expand its sales, business development and marketing efforts. Both Lenovo and Nok Nok Labs are founding members of the FIDO (Fast IDentity Online) Alliance. Nok Nok Labs, which now has raised $31.5 million since its inception in 2011, produces client and server software that leverages the existing security capabilities on a user's device, such as a built-in fingerprint sensor or camera. https://www.noknok.com https://www.noknok.com/what-they-say/press-releases/nok-nok-labs-raises-165m-series-b-financing-lenovo-dcm-and-onset _____________________________________________ o eBay Founder Defends Board from Attacks by Carl Icahan San Jose, Calif. -- The founder of San Jose-based eBay on Thursday fired back at Carl Icahn, after the activist investor accused board members of failing to look out for shareholders' best interests. In a statement published on eBay's website, Chairman Pierre Omidyar claimed Icahn is "making unsubstantiated claims about our company" and "deliberately impugning the integrity of our directors." Icahn has been critical of investors Scott Cook and Marc Andreessen, who teamed with Silver Lake Partners to acquire a majority stake in Skype for $1.9 billion in 2009. Two years later, Microsoft acquired Skype for $8.5 billion. "eBay was planning to IPO Skype," wrote Icahn, who owns a 2% stake in eBay. "Mr. Andreessen and his investor group preempted the IPO, purchasing 70% of Skype for less than what eBay paid for it. Had eBay sold Skype to Microsoft at the price paid to Mr. Andreessen’s group, eBay shareholders would have been at least $4 billion richer upon the sale." Icahn also has been pushing for eBay to sell its PayPal unit, an idea that Omidyar is rejecting, at least for now. "After diligent consideration, we believe that PayPal and eBay are better together," wrote Omidyar. "In the future, if we determine that's no longer true, we will act accordingly and in the best interests of shareholders and the company." http://www.ebayinc.com/in_the_news/story/statement-pierre-omidyar-ebay-inc-chairman-board (Omidyar's letter) http://www.shareholderssquaretable.com/ebay_letter_3/ (Icahn's letter) _____________________________________________ o San Francisco-Based Square Acquires BookFresh San Francisco -- Square, the San Francisco-based developer of credit card readers for mobile devices, said it has acquired BookFresh, a San Francisco-based developer of appointment booking tools designed to connect sellers and their customers. Financial terms of the deal were not disclosed. Square said it plans to maintain and improve BookFresh's current offerings. "Together, we can bring simple tools to local sellers everywhere," wrote BookFresh CEO Evan Ginsburg. "By joining Square, we have many great opportunities to make our product even better." http://corner.squareup.com/2014/02/bookfresh-joins-square.html http://www.bookfresh.com/blog/post/square-acquires-bookfresh _____________________________________________ o San Jose-Based eBay Increases Stake in India's Snapdeal San Jose, Calif. -- Looking to grow in India, San Jose-based eBay said it has led a new $133.8 million round of funding for Snapdeal, raising its stake in the Indian company after making its initial investment last year. Launched in 2010, Snapdeal currently has more than 20 million registered users of its online marketplace. "Accelerating growth in India and other emerging markets continues to be a core strategy for driving eBay's global e-commerce leadership," said Jay Lee, the senior vice president and APAC managing director of eBay. Previous backers Kalaari Capital, Nexus Venture Partners, Bessemer Venture Partners, Intel Capital and Saama Capital also participated. http://www.ebay.com http://www.snapdeal.com/ http://online.wsj.com/public/resources/documents/eBay-Snapdeal.pdf (PDF) _____________________________________________ o San Mateo-Based Guavas Names Mike Staiger as CFO San Mateo, Calif. -- Guavus, a San Mateo-based developer of big data analytics tools, on Thursday named Mike Staiger as its CFO. Staiger most recently served as the CFO of Tabula, and previously was the executive vice president and CFO of Copper Mountain Networks. "I have had the pleasure of working with Mike previously, and I am confident that Mike will play a key role in our future growth," said CEO Manish Goel. "His strong background in finance and business development adds important capabilities to the Guavus leadership team." Guavus is the developer of an operational intelligence platform integrated with decisioning applications for network planning and operations, marketing, security and customer care. http://www.guavus.com http://www.marketwired.com/press-release/guavus-names-mike-staiger-as-chief-financial-officer-nasdaq-cmtn-1883454.htm _____________________________________________ o New Microsoft CEO Resigns from Board of S.F.-Based Riverbed San Francisco -- Riverbed Technology, the San Francisco-based developer of hardware, software and virtualized tools designed to improve IT performance, said that newly appointed Microsoft CEO Satya Nadella has resigned from its board of directors to focus on his new role. Nadella, a 22-year veteran of Microsoft, was promoted to CEO earlier this month, becoming just the third CEO in company history after Bill Gates and Steve Ballmer. He was appointed to Rivberbed's board a year ago. "His experience and perspectives, particularly in cloud computing and infrastructure, have helped shape Riverbed’s strategy and vision," said Jerry Kennelly, the chairman and CEO at Riverbed. http://www.riverbed.com http://www.riverbed.com/about/news-articles/press-releases/Riverbed-Announces-Retirement-of-Satya-Nadella-from-its-Board-of-Directors.html _____________________________________________ o Briefly Noted: (San Francisco) Menlo Park-based venture capital firm Institutional Venture Partners (IVP), said on Thursday it has opened a new satellite office in San Francisco. The firm said the office, located at 607 Front Street across from Jackson Square Park, is close to the headquarters of numerous portfolio companies, including AppDynamics, Dropbox, Dropcam, Hipmunk, Indiegogo, Klout, One Kings Lane, POPSUGAR, Twitter, Voxer, Wikia and Zynga. http://ivp.com/news/press-release/institutional-venture-partners-opens-new-office-in-san-francisco#.Uw9zS-NdXng (Redwood City, Calif.) Redwood City-based Openwave Messaging, a developer of messaging software, on Thursday named Dean Bogarde as its vice president of worldwide professional services and Andrew Byrne as its vice president of worldwide sales. Bogarde most recently was the senior director of professional services at Guidance Software, while Byrne was the vice president of sales in charge of global channels and global messaging and email at Banyan Systems. http://owmessaging.com/press_releases/openwave-messaging-appoints-new-executives1 =================================================== 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? 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