Tuesday, March 4, 2014

Bay Area Tech Wire -- March 4

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BAY AREA TECH WIRE -- March 4, 2014
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o
San Francisco-based DocuSign Raises $85 Million in New Funding
o Cupertino-Based Apple Announces Planned Retirement of CFO
o TSL Acquires San Francisco-Based Wikispaces
o Intel Capital Leads $13M Round for Persimmon Technologies
o San Francisco-Based Riverbed Adds $250M to Stock Repurchase Plan
o
Briefly Noted: UpWest Labs - Google for Entrepreneurs,
Upsite Technologies, Violin Memory

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--Enterprise Connect – March 17-20, 2014
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o San Francisco-based DocuSign Raises $85 Million in New Funding

San Francisco -- DocuSign, a San Francisco-based developer of an electronic signature platform, said on Tuesday it has raised $85 million in a new round of funding, increasing the company's total backing to $210 million. In addition to several large institutional funds, investors included Comcast Ventures, Google Ventures, salesforce.com, SAP Ventures, the National Association of Realtors, Sigma West, Kleiner Perkins Caufield & Byers, Accel Partners, Scale Venture Partners, Ignition Partners and Frazier Technology Ventures. The company said it will use the proceeds to bolster its core platform, developer deeper vertical tools, forge new partnerships and continue international expansion. DocuSign currently counts more than 95,000 companies as customers, and last week announced a long-term partnership with Microsoft to bring DocuSign Digital Transaction Management to users of Microsoft Office.
http://www.docusign.com
http://www.businesswire.com/news/home/20140304005631/en/DocuSign-Raises-85-Million-Accelerate-Growth-Global#.UxY-Zj9dXng 
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o Cupertino-Based Apple Announces Planned Retirement of CFO

Cupertino, Calif. -- Following 18 years with Cupertino-based Apple, Peter Oppenheimer plans to retire as the company's senior voice president and CFO, the company announced Tuesday. The company has named Luca Maestri, its vice president of finance and corporate controller, as his successor, transitioning into the CFO role in June. Oppenheimer has served as Apple's CFO for a decade, while the company's annual revenue grew from $8 billion to $171 billion. "I love Apple and the people I have had the privilege to work with and after 18 years here, it is time for me to take time for myself and my family," said Oppenheimer. Maestri joined Apple last March, after previously serving as the CFO of both Nokia Siemens Networks and Xerox. "When we were recruiting for a corporate controller, we met Luca and knew he would become Peter’s successor," said CEO Tim Cook.
http://www.apple.com/pr/library/2014/03/04Apples-Peter-Oppenheimer-to-Retire-at-the-End-of-September.html
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o TSL Acquires San Francisco-Based Wikispaces

San Francisco -- TSL, a U.K.-based social network for teachers, said on Tuesday it has acquired San Francisco-based Wikispaces, a developer of online collaboration tools for educators. Financial terms of the deal were not disclosed. It marks the first acquisition by TSL since it was acquired by TPG Capital last year. "Wikispaces is a terrific combination for us, because we’ve always believed in a teacher-centric approach to education technology," said Louise Rogers, the CEO of TSL, adding that the deal "greatly increase(es) the value we can provide to our users both inside and outside the U.S.." Founded in 2005, Wikispaces is the developer of Wikispaces Classroom, a free social writing platform designed to let teachers and students communicate and collaborate on projects. The platform is currently used by more than 10 million registered teachers and students.
http://www.wikispaces.com 
http://www.tsleducation.com 
http://www.businesswire.com/news/home/20140304006078/en/Wikispaces-Acquired-TSL-Expanding-World%E2%80%99s-Largest-Single-Profession#.UxZCeD9dXng 
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o Intel Capital Leads $13M Round for Persimmon Technologies

Santa Clara, Calif. -- Intel Capital, the Santa Clara-based investment arm of the large chipmaker, has co-led a new $13 million round of funding for Massachusetts-based robotics company Persimmon Technologies, the company announced Tuesday. Nidec Sankyo also co-led the round, which included participation from ABB Technology Ventures (ATV). Persimmon makes high-precision industrial robots, and also has developed a 3D printing process to "print" motor components. The company now has raised $16 million since its inception.
http://www.persimmontech.com/ 
http://www.abb.com/ventures 
http://www.persimmontech.com/persimmon-technologies-corporation-closes-series-b-funding-with-intel-capital-investment
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o San Francisco-Based Riverbed Adds $250M to Stock Repurchase Plan

San Francisco -- Believing its stock price is undervalued, San Francisco-based application performance infrastructure company Riverbed Technology on Tuesday added $250 million to its share repurchase program. The program, first announced in 2011, now has a total authorization of $750 million, with approximately $375 million remaining. "We believe the current share price understates the strength of Riverbed’s long-term growth prospects," said CEO Jerry Kennelly. The company's shares fell 2% to $21.33 in Tuesday's trading on the Nasdaq. The news comes less than a week after Riverbed rejected Elliott Management's $3.36 billion takeover bid.
http://www.riverbed.com 
http://www.riverbed.com/about/news-articles/press-releases/Riverbed-Expands-Stock-Repurchase-Program.html 
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o Briefly Noted:


(Palo Alto, Calif.) UpWest Labs, a Palo Alto-based accelerator for Israeli entrepreneurs, on Tuesday announced a new program, financed by Google for Entrepreneurs, focused on closing the gender gap in Silicon Valley. Under the $1 million program, UpWest will invest in growing the community of female entrepreneurs both in Israel and Silicon Valley.
http://www.businesswire.com/news/home/20140304005643/en/Google-UpWest-Labs-Join-Forces-Close-Silicon#.UxZBWT9dXng 

(Oakland) Upsite Technologies, a New Mexico-based developer of data center airflow management technology, on Tuesday named David Storkson as its director of sales for the western North America and Asia-Pacific regions. Storkson, who will be based in Oakland, previously held sales roles at StarLine, MGE, SMC, NER and Mitsubishi.
http://www.upsite.com 
http://www.businesswire.com/news/home/20140304006064/en/Upsite-Technologies-Names-David-Storkson-Director-Sales#.UxZElj9dXng 

(Santa Clara, Calif.) Santa Clara-based Violin Memory, a developer of memory-based storage products, on Tuesday named Eric Herzog as its CMO and senior vice president of business development. Herzog most recently served as the senior vice president of marketing for EMC's Enterprise and Mid-range Systems Division.
http://investor.violin-memory.com/company/investors-overview/press-releases/press-release-details/2014/Violin-Memory-Names-Eric-Herzog-Chief-Marketing-Officer-and-Senior-Vice-President-of-Business-Development/default.aspx

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

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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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