Monday, April 21, 2014

Bay Area Tech Wire -- April 21

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BAY AREA TECH WIRE -- April 21, 2014
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Sponsored By: Fairfax County Economic Development Authority
http://www.fairfaxcountyeda.org/bay-area-tech-wire

 

o San Francisco-Based AdRoll Raises $70 Million in New Funding
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Report: Facebook to Unveil Mobile Ad Network Later This Month
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San Francisco-Based Prosper Names Macy Lee as CFO
o Santa Clara-Based Sysorex Global Completes Deal for AirPatrol
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VC Dollars Invested in Q1 Reaches Highest Point Since 2001
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Seven Ways to Harness the Power of Your Multi-Generational Workforce
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Briefly Noted: Scott Thompson - Forter, GTxcel, SiliconCore Technology

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> Job/Event/Marketplace Classified Listings (Full Listings Below Stories)


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Seven Ways to Harness the Power of Your Multi-Generational Workforce
--14 Ideas for Marketing Your Business Online

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o San Francisco-Based AdRoll Raises $70 Million in New Funding

San Francisco -- AdRoll, the San Francisco-based developer of an online ad retargeting platform, said on Monday it has raised $70 million in a new round of funding, led by Foundation Capital. Participants included new investors Institutional Venture Partners (IVP), Northgate Capital, Performance Equity and Glenmede, as well as previous backers Merus Capital, Accel Partners and Peter Thiel. The company previously had raised $19 million since its inception in 2007. The acquisition is AdRoll's second since January, following its January deal for userfox. Eric Liaw of IVP will join AdRoll's board as an observer.
http://www.adroll.com/ 
http://finance.yahoo.com/news/adroll-secures-70-million-mainstream-113000337.html;_ylt=A0LEVwv4ZVVTh0oAGX5XNyoA;_ylu=X3oDMTEzazk5O
GI1BHNlYwNzcgRwb3MDMQRjb2xvA2JmMQR2dGlkA1ZJUDM3MF8x 
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o Report: Facebook to Unveil Mobile Ad Network Later This Month

Menlo Park, Calif. -- Social network Facebook will unveil a new mobile ad network at the end of this month, according to tech blog Re/code, citing multiple unnamed sources. The network will let the Menlo Park-based company use its massive amount of user data to help developers and publishers better target ads. The move is seen as a change in strategy for Facebook, which until now has focused on selling ads on its own site.
http://www.facebook.com 
http://recode.net/2014/04/20/here-comes-facebooks-ad-network-mobile-ads-launching-this-month/ 
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o San Francisco-Based Prosper Names Macy Lee as CFO

San Francisco -- Prosper, the San Francisco-based developer of an online peer-to-peer lending platform, on Monday named Macy Lee as its CFO. Lee, the former CFO of eBay Australia, joins the company six weeks after it elevated its president, Aaron Vermut, to the role of CEO, succeeding father Stephan Vermut, who is now executive chairman. Lee earlier spent nearly 12 years in various finance and business roles at PayPal and eBay.
http://www.prosper.com
http://www.businesswire.com/news/home/20140421005631/en/Prosper-Marketplace-Names-Macy-Lee-Chief-Financial#.U1VFoFVdXng 
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o Santa Clara-Based Sysorex Global Completes Deal for AirPatrol

Santa Clara, Calif. -- Sysorex Global, a Santa Clara-based provider of IT and cybersecurity services, said on Monday it has completed its acquisition of Maryland-based AirPatrol, a developer of tools designed to deliver software and services to mobile devices based on their location and user context. Under the deal, first announced in January, Sysorex paid $10 million in cash and $10 million in stock, and could pay up to $10 million more based on AirPatrol's future performance. AirPatrol has four U.S. and 11 foreign patent applications pending for its location, security and context awareness systems that can detect smartphones, tablets, laptops and other mobile devices. The acquisition is the third for Sysorex in the past year, following deals for Lilien Systems in May and Shoom in August.
http://www.sysorex.com 
http://airpatrolcorp.com 
http://www.sysorex.com/news/sysorex-global-holdings-corp-completes-acquisition-of-airpatrol-corporation/
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o VC Dollars Invested in Q1 Reaches Highest Point Since 2001

New York -- Venture capitalist dollars invested during the first quarter reached their highest level since 2001, according to a new report from PricewaterhouseCoopers (PwC) and the National Venture Capital Association (NVCA), based on data provided by Thomson Reuters. All told, venture capitalists invested $9.5 billion during the quarter, up 12% from the prior quarter and 36% from the same quarter in 2013. Despite an overall drop in seed- and early-stage financing numbers, expansion-stage dollars invested nose 34% from the fourth quarter. "This was to be expected when you consider the domination by seed and early stage deals in 2012 and 2013," said Bobby Franklin, president and CEO of the NVCA. "Because these companies are now moving to the next stage of their maturing process, the investment rounds tend to be bigger, which explains why the numbers are trending toward the later stages of the investment calendar. To be sure, the spring thaw of the exit markets is providing some firms with new life, but overall capital remains constrained for most venture capital firms."
http://www.pwcmoneytree.com 
http://www.prnewswire.com/news-releases/venture-capital-dollars-invested-in-q1-2014-reaches-highest-quarterly-total-since-q2-2001-according-to-the-moneytree-report-255754791.html
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Seven Ways to Harness the Power of Your Multi-Generational Workforce

Organizations of all sizes find themselves with three radically different generations interacting in their workplace these days. As a result, business owners, senior management and HR departments are scrambling to figure out how to better understand, manage and harness the power of this multi-generational workforce. It’s not an easy task. But here we share some ideas we’ve uncovered that you can put to immediate use. http://www.fairfaxcountyeda.org/bay-area-tech-wire

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o Briefly Noted:


(Tel Aviv, Israel) Scott Thompson, the former CEO of Yahoo and president of PayPal, has been named an advisor to Israeli startup Forter, developer of a fraud protection tool for online merchants. Thompson, who previously worked with Forter's founders at Fraud Sciences, currently serves as the CEO of ShopRunner.
http://www.forter.com/ 

(Berkeley, Calif.) Berkeley-based GTxcel, a developer of digital publishing technology, on Monday named Matthew McGinty as its vice president of sales and marketing. McGinty most recently was the vice president of sales strategy and client operations at RAMP Holdings.
http://www.gtxcel.com
http://www.businesswire.com/news/home/20140421005500/en/GTxcel-Names-Matthew-McGinty-VP-Sales-Marketing#.U1WHxlVdXng 

(Milpitas, Calif.) Milpitas-based SiliconCore Technology, a maker of LED displays, on Monday named Heng Liu as its chief strategy officer. Liu previously co-founded Bridgelux and AXT's GaN blue LED business, where he held roles of CEO and CTO.
http://www.silicon-core.com 
http://www.businesswire.com/news/home/20140421005048/en/Entrepreneur-Technologist-Dr.-Heng-Liu-Joins-SiliconCore#.U1WIk1VdXng 

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Job/Event/Marketplace Listings:
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> Seven Ways to Harness the Power of Your Multi-Generational Workforce

Organizations of all sizes find themselves with three radically different generations interacting in their workplace these days. As a result, business owners, senior management and HR departments are scrambling to figure out how to better understand, manage and harness the power of this multi-generational workforce. It’s not an easy task. But here we share some ideas we’ve uncovered that you can put to immediate use. http://www.fairfaxcountyeda.org/bay-area-tech-wire

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

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. For more info, go to: http://www.bayareatechwire.com


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