Friday, March 14, 2014

Bay Area Tech Wire -- March 14

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BAY AREA TECH WIRE -- March 14, 2014
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Shares of S.F.-Based Castlight Health Soar 149% Following IPO
o Palo Alto-Based Xapo Raises $20 Million in First Round
o San Francisco-Based salesforce.com Names Colin Powell to Board
o San Francisco-Based Hello Vino Acquires Corkbin
o Report: Equinix to Build World's Third Largest Data Center Outside DC
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Briefly Noted: SanDisk
- SK Hynix
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> Job/Event/Marketplace Classified Listings (Full Listings Below Stories)


--Create Your Own Hiring Opportunity - 5 Behaviors Decision-Makers Find Irresistible
--14 Ideas for Marketing Your Business Online

--Enterprise Connect – March 17-20, 2014
--Corporate Food-Service - Catering to Cafe Management
--Investment Adviser Executive
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o Shares of S.F.-Based Castlight Health Soar 149% Following IPO

San Francisco -- Shares of San Francisco-based Castlight Health soared 149% on their first day of trading Friday, after the developer of enterprise healthcare cloud software raised $177.6 million in its initial public offering. The company priced 11.1 million shares at $16 each -- above its original estimate of $13-$15. The stock, now trading on the New York Stock Exchange under the symbol "CSLT," closed Friday at $39.85. Castlight, co-founded in 2008 by current federal CTO Todd Park, is a developer of cloud-based software designed to help organizations gain better control over their health care costs. The software uses predictive modeling and epidemiologic analytics to help employers identify high-risk patients and estimate future costs of care, allowing them to implement benefit plans that address these specific challenges.
http://www.castlighthealth.com/ 
http://www.castlighthealth.com/castlight-health-announces-pricing-of-initial-public-offering/ 
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o Palo Alto-Based Xapo Raises $20 Million in First Round

Palo Alto, Calif. -- Xapo, a Palo Alto-based developer of products designed to manage virtual Bitcoins, said on Friday it has raised $20 million in its first round of funding, led by Benchmark. Fortress Investment Group and Ribbit Capital also participated. "We envision a long and adventurous journey ahead and believe our new partners have strengthened our team and widened the opportunity for Bitcoin's growth," wrote founder and CEO Wences Casares in a blog post. Xapo has developed a "Vault," which lets users insure Bitcoin storage for long term savings, as well as a "Wallet," designed to give users immediate access to Bitcoins for day-to-day purchases.
https://xapo.com/ 
http://blog.xapo.com/post/79358015546/introducing-xapo 
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o San Francisco-Based salesforce.com Names Colin Powell to Board

San Francisco -- Salesforce.com, the San Francisco-based maker of customer relationship marketing software, on Friday named former Secretary of State Colin Powell to its board of directors. Powell has been friends with Marc Benioff, the chairman and CEO, salesforce.com, for more than 15 years, and was instrumental in helping the company set up its charitable foundation in 2000. The retired four star general, who also served as chairman of the Joint Chiefs of Staff, is a limited partner at venture capital firm Kleiner Perkins Caufield & Byers, as well. The appointment increases the size of the board to 11 members.
http://www.salesforce.com 
https://prnmedia.prnewswire.com/news-releases/salesforcecom-announces-appointment-of-general-colin-powell-to-its-board-of-directors-250311871.html 
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o San Francisco-Based Hello Vino Acquires Corkbin

San Francisco -- Hello Vino, the San Francisco-based developer of a wine recommendations app for Apple and Android devices, said on Friday it has acquired Corkbin, developer of a social networking app that lets wine enthusiasts save and share photos of their purchases. Financial terms of the deal were not disclosed. Hello Vino said the acquisition will add a social dimension to its current offering, which has an installed base of approximately 1.7 million users. Additional app features will include the ability to gift wines to friends and interact with tastemakers.
http://hellovino.com 
http://www.corkbin.com/ 
http://www.prnewswire.com/news-releases/hello-vino-acquires-social-wine-app-corkbin-250308151.html 
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o Report: Equinix to Build World's Third Largest Data Center Outside DC

Redwood City, Calif. -- Equinix, a Redwood City-based owner and operator of data centers, could soon build the world's third largest data center outside of Washington, DC. According to The Loudoun (Va.) Times, the company has filed plans to build a 1.1 million-square-foot facility in Ashburn, Va., where it already operates eight other data centers. The proposed six-building campus would create approximately 70 jobs, and increase the county's available data center space to more than 5 million square feet. "Their vision of growth in Loudoun is significant, and is further evidence of the importance of Data Center Alley as a technology location," Buddy Rizer, the director of Loudon County's Department of Economic Development, told the publication.
http://www.equinix.com/
http://www.loudountimes.com/news/article/data_center_in_ashburn_would_be_among_worlds_largest234
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o Briefly Noted:


(Milpitas, Calif.) Milpitas-based flash storage company SanDisk said it has filed a civil suit against Korea's SK Hynix for the alleged theft of trade secrets. The company is seeking an unspecified amount of damages, as well as an injunction and other remedies, and has filed a criminal complaint with the Tokyo Metropolitan Police Department against a former employee who left the company in 2008 to work for SK Hynix.
http://www.sandisk.com/about-sandisk/press-room/press-releases/2014/sandisk-files-lawsuit-against-sk-hynix-for-theft-of-trade-secrets/

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>
Create Your Own Hiring Opportunity - 5 Behaviors Decision-Makers Find Irresistible

Many job seekers express confidence in finding a new job this year, according to a recent survey, but many are also frustrated as they struggle to find a job matching their qualifications and salary preferences. In a job market where opportunities are still few and far between, give yourself a leg up that will allow you to create your own hiring opportunity.
http://www.fairfaxcountyeda.org/bay-area-tech-wire
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> 14 Ideas for Marketing Your Business Online


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>
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.
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> 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
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> Investment Advisor Executive

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> Advertise on Bay Area Tech Wire and Reach More than 6,000 Subscribers

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