Tuesday, May 13, 2014

Bay Area Tech Wire -- May 13

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BAY AREA TECH WIRE -- May 13, 2014
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To Subscribe: www.bayareatechwire.com

 

o Mountain View-Based Addepar Lands $50 Million in Third Round
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BlazeMeter Raises $6.5 Million, Opens North American HQ in San Francisco
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San Jose-Based Fairchild Semiconductor Acquires Xsens
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Los Altos-Based Talend Names Ashley Stirrup as CMO
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Online Publishers Association Names Jason Kint as New CEO
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Briefly Noted: Maxta, ItsOn, Skyera, ITRenew

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


--Associate Director – ORIX Ventures
--Tech + Travel Demo Event – May 22, 2014

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o Mountain View-Based Addepar Lands $50 Million in Third Round

Mountain View, Calif. -- Addepar, the Mountain View-based developer of a financial technology platform for the investment management industry, said on Tuesday it has raised $50 million in its third round of funding co-led by Yammer founder and former PayPal COO David Sacks and Valor Equity Partners. Formation 8 Partners, money manager Stanley Druckenmiller and real estate mogul Harrison LeFrak also participated. Addepar said its platform delivers interactive investment analysis and reporting technology, replacing decades-old technology systems still used to track and manage some of the largest investment portfolios. The company had previously raised $16 million from investors including Peter Thiel and Blumberg Capital.
http://www.addepar.com 
http://www.businesswire.com/news/home/20140513005636/en/Addepar-Raises-50M-Series-Financing#.U3I8SYFdXng 
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o BlazeMeter Raises $6.5 Million, Opens North American HQ in San Francisco

San Francisco -- BlazeMeter, the Israel-based developer of a self-service web and mobile performance testing platform, said on Tuesday it has raised $6.5 million in its first round of funding and established its North American headquarters in San Francisco. Previous investor YL Ventures led the round, which also included participation from Glilot Capital. The company, which had been working from U.S. offices in New York, will use the funds to further develop its platform and grow its business in North America. BlazeMeter's cloud-based platform allows users to run tests that scale from 1,000 to more than 1 million concurrent users across multiple geographic locations. "The new funding will enable BlazeMeter to release many new features that will make this testing process even easier and more agile," said founder and CEO Alon Girmonsky. The company currently has more than 15,000 customers, including Citi, Nike, Walmart, Thomson Reuters, Adobe, Disney, Cubic Corporation, KGM Gaming and Pfizer.
http://blazemeter.com/ 
http://www.businesswire.com/news/home/20140513005115/en/BlazeMeter-Secures-6.5-Million-Financing-Led-YL#.U3I4JYFdXng 
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o San Jose-Based Fairchild Semiconductor Acquires Xsens

San Jose, Calif. -- Fairchild Semiconductor, a San Jose-based developer of low- and high-power semiconductors, said on Tuesday it has acquired Xsens, a Netherlands-based supplier of 3D motion tracking products for the industrial, health, fitness and entertainment markets. Financial terms of the deal were not disclosed. The acquisition gives Fairchild an immediate footprint in the fast-growing 3D motion tracking market. "We can supply our customers with unique and differentiated sensor-focused solutions for a variety of end markets, including both traditional industrial and mobile markets, as well as emerging markets such as smart interconnected devices, wearables and more," said Vijay Ullal, the president and COO of Fairchild. Founded in 2000, Xsens has deployed tens of thousands of motion sensors and motion capture products in areas such as 3D character animation, rehabilitation and sports science, and robot and camera stabilization. Customers include Electronic Arts, NBC Universal, Daimler, Autodesk, ABB and Siemens. Xsens, which also has offices in Los Angeles, will operate as an independent subsidiary of Fairchild.
http://www.fairchildsemi.com/ 
http://www.xsens.com 
http://www.fairchildsemi.com/about-fairchild/media-center/press-releases/20140513-Xsens.html 
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o Los Altos-Based Talend Names Ashley Stirrup as CMO

Los Altos, Calif. -- Talend, the Los Altos-based developer of big data integration software, on Tuesday named Ashley Stirrup as its CMO, leading the company's global marketing strategy, operations and product management. Stirrup most recently was the senior vice president of solution marketing at ServiceSource, and previously was the vice president of product marketing at Taleo. The news comes five months after Talend announced $40 million in funding from Bpifrance, Iris Capital, Silver Lake Sumeru, Balderton Capital and Idinvest Partners.
http://www.talend.com
http://www.talend.com/about-us/press/talend-appoints-ashley-stirrup-as-chief-marketing-officer 
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o Online Publishers Association Names Jason Kint as New CEO

Washington, DC -- The Online Publishers Association (OPA), a New York-based non-profit trade organization for digital publishers, has named Jason Kint as its new CEO, based in Washington, DC. Kint spent the past seven years as the senior vice president and general manager of CBS Interactive's Sports Division, helping grow CBSSports.com into a major player in fantasy sports and the live streaming of major sporting events. He succeeds Pam Horan, who will end her 10-year tenure with the organization on May 30.
http://www.online-publishers.org/index.php/opa_news/press_release/online_publishers_association_names_jason_kint_ceo
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o Briefly Noted:


(Sunnyvale, Calif.) Sunnyvale-based Maxta, developer of a storage platform for virtualized environments, on Tuesday named Carolyn Crandall as its vice president of marketing. Crandall most recently served as the vice president of corporate and field marketing at Nimble Storage.
http://www.maxta.com/ 
http://www.prnewswire.com/news-releases/former-nimble-storage-executive-carolyn-crandall-joins-maxta-as-vice-president-of-marketing-259045721.html 

(Redwood City, Calif.) Redwood City-based ItsOn, developer of a cloud-based services platform for mobile operators, on Tuesday named Jose Lorenzo as its senior vice president of sales for the EMEA and Asia Pacific regions. Lorenzo previously held roles for companies such as Openwave Systems, Aepona, Alcatel, Vertel, HP and Telefonica.
http://www.itsoninc.com
http://finance.yahoo.com/news/itson-hires-jose-lorenzo-svp-120000372.html;_ylt=A0LEV02BNHJT6DkA.mxXNyoA;_ylu=X3oDMTEz
OXE0NmxsBHNlYwNzcgRwb3MDMQRjb2xvA2JmMQR2dGlkA1ZJUDM3OF8x 

(San Jose, Calif.) San Jose-based Skyera, a developer of solid-state storage systems, on Tuesday named Kirk Law as its vice president of engineering. Law previously held various vice president positions for NetApp, where he had worked since 2002.
http://www.skyera.com/
http://www.prnewswire.com/news-releases/skyera-adds-top-talent-to-executive-team-with-kirk-law-as-new-vp-of-engineering-259034601.html 

(Newark, Calif.) Newark-based ITRenew, a provider of enterprise IT asset disposition services and data sanitization software, on Tuesday named Daniel Niclas as its vice president of products and services. Niclas previously served as the director of corporate strategy at Symantec.
http://www.itrenew.com/ 
http://www.prnewswire.com/news-releases/itrenew-appoints-symantec-veteran-as-vice-president-of-products-and-services-259071901.html

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> Associate Director – ORIX Ventures

ORIX Ventures is seeking Associate Directors for its growing venture lending group. With opportunities based in both Seattle, Washington and Hartford, Connecticut, the Associate Director will lead venture lending transactions through deal evaluation, term sheet, due diligence, company analysis, modeling, documentation and close. The Associate Director will work closely with senior ORIX Ventures management, equity investors and management teams to successfully grow the ORIX Ventures platform. Qualified candidates should have a history of professional and academic achievement, strong analytical and organizational skills, and an understanding of the growth company space. The ideal candidate has 5-10 years of work experience at a top-tier investment bank, private equity or debt fund, or venture capital firm with solid accounting and financial modeling acumen, an interest in technology companies and a desire to work closely with the venture capital and private equity communities. Additional requirements include a disciplined attention to detail, a team orientation, and a personality that thrives in a fun, performance driven environment. Please forward your resume to mpickle@orix.com Visit our website at http://orixventures.com/
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> Tech + Travel Demo Event – May 22, 2014

It's that time! Summer is approaching and the travel bug is getting ready to bite. Come join us at the Crocker Galleria and check out the hot new apps and technologies geared towards making your travels less stressful and more fun. Get an hands on experience with these cool new products local to San Francisco! Free to attend. Register here
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> Investment Advisor Executive


Investment Advisor Representative-Sales. High payout-little or no costs to you-fully regulated by The State of California and FINRA. Easy platform to have your own Advisory office with full regulation and a fully operable back office. Send resumes to Raymond@AbrahamLockhart.com
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