Wednesday, May 21, 2014

Bay Area Tech Wire -- May 21

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BAY AREA TECH WIRE -- May 21, 2014
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o Campbell-Based Mimosa Networks Raises $20 Million in Third Round
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San Jose-Based eBay Asks Users to Change Passwords Following Cyber Attack
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Santa Clara-Based Load DynamiX Lands $12 Million in Funding
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MagnaChip Semiconductor's Chairman and CEO Retires
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TechAmerica Names Winners of American Technology Awards
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Briefly Noted: Attensity, PowerbyProxi, Wizeline

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o Campbell-Based Mimosa Networks Raises $20 Million in Third Round

Campbell, Calif. -- Mimosa Networks, a Campbell-based developer of outdoor gigabit wireless platforms for service providers, said on Wednesday it has raised $20 million in its third round of funding, led by previous backer New Enterprise Associates (NEA). Previous investor Oak Investment Partners also participated in the round, which increases the company's total funding to $38 million. Mimosa said it will use the additional capital to expand its wireless product line and significantly ramp sales growth. The company plans to launch its core product offering later this year, which it said will provide "unprecedented leaps in capacity, speed and reliability for networks."
http://www.mimosa.co 
http://mimosa.co/mimosa-nea-funding.html
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o San Jose-Based eBay Asks Users to Change Passwords Following Cyber Attack

San Jose, Calif. -- Online auction giant eBay said on Wednesday it is asking all of its users to change their passwords after hackers broke into the company's corporate network. The company said the incident compromised a database containing encrypted passwords and other data such as customer names, addresses, email addresses, phone numbers and dates of birth. eBay said there was no unauthorized access to financial or credit card information, which is stored separately in encrypted formats. The attack occurred between late February and early March. The company is contacting users via email and other channels.
http://www.ebayinc.com 
http://www.ebayinc.com/in_the_news/story/ebay-inc-ask-ebay-users-change-passwords 
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o Santa Clara-Based Load DynamiX Lands $12 Million in Funding

Santa Clara, Calif. -- Load DynamiX, a Santa Clara-based developer of storage workload modeling and performance validation appliances, said on Wednesday it has raised $12 million in a new round of funding, led by HighBar Partners. The company said it will use the proceeds to accelerate product development and expand sales of its technology. Philippe Vincent, the CEO of Load DynamiX, said his company offers "the only way to properly plan and deploy these new storage technologies without the risk of unpredictable response times, unplanned outages and uncontrolled over-investment in equipment." Founded in 2008 as SwiftTest, Load DynamiX expanded on its strategic direction and changed its name in late 2013.
http://www.loaddynamix.com 
http://www.loaddynamix.com/news/load-dynamix-closes-12-million-financing-round-led-by-highbar-partners/ 
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o MagnaChip Semiconductor's Chairman and CEO Retires

Cupertino, Calif. -- MagnaChip Semiconductor, a South Korean maker of analog and mixed-signal semiconductors with U.S. headquarters in Cupertino, said that Sang Park has retired as its chairman and CEO. The company's board has named Young-Joon Kim, executive vice president and general manager of the Display Solutions Division, as its interim CEO. MagnaChip's board also has separated the roles of chairman and CEO, and appointed Douglas Norby, the chairman of its audit committee, to the position of non-executive chairman.
http://www.magnachip.com
http://www.prnewswire.com/news-releases/magnachip-announces-ceo-transition-259996461.html 
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o TechAmerica Names Winners of American Technology Awards

Washington, DC -- CompTIA's TechAmerica on Tuesday night named the winners of its American Technology Awards, which annually honor "outstanding achievement in technology," during an event in Washington, DC. All told, the organization chose 15 products and services out of 100 entries as category winners. The award for Breakthrough Technology of the Year went to Olympus's EndoEye Flex 3D videoscope, a laparoscopic device that allows medical professionals to view and analyze anatomy more precisely through the use of 3D technology. A complete list of winners is available at the link below.
http://www.techamerica.org/american-technology-awards-announces-winners-in-15-categories-awards-breakthrough-technology-of-the-year-to-olympus-3d-videoscope/ 
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o Briefly Noted:


(Palo Alto, Calif.) Palo Alto-based Attensity, a developer of natural language processing and sentiment analysis tools that last week announced $90 million in new funding, on Wednesday announced three new executives. The company has named Frank Brown as CFO, Martin Onofrio as chief revenue officer and Tommy Hawkins as vice president of development.
http://www.attensity.com/2014/05/21/attensity-announces-strategic-executive-hires-to-drive-company-vision/ 

(Pleasanton, Calif.) Pleasanton-based PowerbyProxi, a developer of wireless power systems, on Wednesday named Gani Jusuf to its board of directors. Jusuf serves as the vice president of engineering for the communications and consumer business group of Marvell Technology Group.
http://powerbyproxi.com/communications/press-releases/dr-gani-jusuf-joins-powerbyproxis-board-of-directors/ 

(San Mateo, Calif.) San Mateo-based Wizeline, a developer of data analytics tools designed to help companies make autonomous business decisions, on Wednesday named James Nielsen as its vice president of sales and sales operations. Nielsen most recently was the vice president of sales at Ustream, and previously held senior sales roles at Ooyala, Intapp and Qualcomm.
http://blog.wizeline.com/2014/05/21/wizeline-welcomes-james-nielsen-as-vp-of-sales/

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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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