| ============================================ BAY AREA TECH WIRE -- April 30, 2014 ============================================ To Subscribe: www.bayareatechwire.com o Mountain View-Based Aviso Launches with $8 Million in First Round o San Francisco-Based WideOrbit Acquires Fivia o Electric Cloud to Relocate Headquarters from Sunnyvale to San Jose o 500 Startups Managing Partner to Leave for New Crystal Tech Fund o San Jose-Based Edgewater Networks Raises $5 Million in Debt Funding o Briefly Noted: Qumu, Daintree Networks, RS Investments _____________________________________________ > Job/Event/Marketplace Classified Listings (Full Listings Below Stories) --14 Ideas for Marketing Your Business Online --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 Mountain View-Based Aviso Launches with $8 Million in First Round Mountain View, Calif. -- Aviso, a Mountain View-based developer of quantitative applications designed to manage revenue assets, mitigate risk and refine forecasts, said on Wednesday it has officially launched operations after raising $8 million in its first round of funding. Participants included Shasta Ventures; First Round Capital; Cowboy Ventures; Bloomberg Beta; Subrah Iyar, the founder and CEO of WebEx; Roger Sippl, the founder and CEO of Informix and Vantive; Dave Hersh, the founding CEO of Jive Software; and Ron Gill, the CFO of NetSuite. Co-founded by K.V. Rao, the co-founder of Zuora, and Andrew Abrahams, a former senior risk management executive at JPMorgan Chase, Aviso has spent the past two years working on product development with early adapters RingCentral, Saba Software, FireEye, Damballa, Replicon and Zuora. "We are pioneering a new approach to help every executive make better decisions that will lead to improved and predictable revenue growth," said Rao. http://www.aviso.com http://www.aviso.com/company/news/press/aviso-launches-with-8m-to-help-enterprises-avoid-revenue-misses.html _____________________________________________ o San Francisco-Based WideOrbit Acquires Fivia San Francisco -- WideOrbit, a San Francisco-based developer of advertising management software for media companies, said on Wednesday it has acquired France-based Fivia, a maker of digital ad management software. Financial terms of the deal were not disclosed. WideOrbit said the move will help expand its digital offering for major media companies. Founded in 1999 with U.S. operations based in New York, Fivia is the longest established provider of automated inventory, order and billing management software designed originally for online advertising. Clients include Viacom, Time, USA Today and Mashable, as well as European publishers Orange, Canal+, M6, TF1 and ITV. http://www.wideorbit.com http://www.fivia.com/en/ http://www.wideorbit.com/wideorbit-acquires-fivia/ _____________________________________________ o Electric Cloud to Relocate Headquarters from Sunnyvale to San Jose San Jose, Calif. -- Electric Cloud, a Sunnyvale-based developer of tools designed to automate and accelerate the software delivery process, said on Wednesday is will relocate its headquarters from Sunnyvale to a historic building in downtown San Jose. The company plans to officially move into its new 18,600-square-foot headquarters, located on the corner of South Market and Post streets, in May, and will continue to maintain its San Francisco, London and Tokyo satellite offices. The news comes a week after Electric Cloud announced an additional $4 million in funding to close out its fifth round at $12 million. http://www.electric-cloud.com http://www.prnewswire.com/news-releases/electric-cloud-to-move-headquarters-into-historic-downtown-san-jose-as-it-sets-sights-on-continuous-delivery-market-257323171.html _____________________________________________ o 500 Startups Managing Partner to Leave for New Crystal Tech Fund Mountain View, Calif. -- George Kellerman, a managing partner with Mountain View-based seed fund and incubator 500 Startups, will leave the firm to become a partner with the Virginia-based Crystal Tech Fund, a new $50 million venture fund created by former 500 Startups partner Paul Singh. Singh's company, Disruption Corp., is a 500 Startups portfolio firm. Kellerman, who had served as a managing partner with 500 Startups since last year, will relocate to Northern Virginia. "I worked with George during my time at 500 Startups in Silicon Valley and he is a clear asset," wrote Singh in a blog post. "George will bring boundless energy, the discipline of his military and legal background, and a solid track record of execution to Disruption Corporation -- and to the greater DC tech community, too." http://disruption.vc/blog/2014/4/bringing-more-of-silicon-valley-to-dc http://500.co/2014/04/29/farewell-good-luck-to-fire-chief-george-kellerman/ _____________________________________________ o San Jose-Based Edgewater Networks Raises $5 Million in Debt Funding San Jose, Calif. -- Edgewater Networks, a San Jose-based developer of products used to deliver IP based voice and video for service providers and enterprises, said on Wednesday it has raised $5 million in debt financing from Eastward Capital. The company plans to use the funds to develop new products that leverage software defined networking and network functions virtualization technologies, allowing customers to launch new managed services more quickly. Edgewater now has raised $36 million in debt and equity funding since its inception. http://www.edgewaternetworks.com http://www.edgewaternetworks.com/about/news-a-events/press-releases.html?nid=99 _____________________________________________ o Briefly Noted: (San Bruno, Calif.) San Bruno-based Qumu, a developer of tools used by businesses to create, manage and measure the success of videos, has named David Yockelson as its vice president of product marketing. Yockelson previously held senior strategy and product marketing leadership roles at IBM. http://www.qumu.com http://www.businesswire.com/news/home/20140430005376/en/Qumu-Announces-Vice-President-Product-Marketing#.U2DPsoFdXng (Los Altos, Calif.) Los Altos-based Daintree Networks, a developer of networked wireless control and energy management tools, on Wednesday announced two new members of its advisory board. Additions include Jon Wellinghoff, a partner at the law firm Stoel Rives and former chairman of the Federal Energy Regulatory Commission (FERC), and Luca Mazzei, vice president of strategic marketing and product management at John Crane and former vice president at Honeywell Building Solutions. http://www.daintree.net/news-and-events/press-releases/ (San Francisco) San Francisco-based investment management firm RS Investments on Wednesday named Tyler Dann as senior energy analyst and Denny Fish as senior technology analyst. The RS Value Team now has nine analysts who manage the RS Investors Fund, the RS Large Cap Alpha Fund, RS Partners Fund and the RS Value Fund. http://www.rsinvestments.com/wps/portal/home/?urile=wcm:path:/rs_content/rs_investments/press_in+the+news/rs+investments +strengthens+value+team+with+addition+of+key+energy%2C+technology+analysts&mapping=News =================================================== 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 > 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! 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