| ============================================ BAY AREA TECH WIRE -- May 30, 2014 ============================================ Special Summer Discounts on all Advertising Now Until Aug. 31, 2014 www.bayareatechwire.com o San Francisco's BitFury Group Raises $20 Million in New Funding o Santa Clara-Based Violin Memory to Sell PCIe Flash Memory Card Business o Robert Thomas to Depart as President and CEO of Santa Clara-Based Infoblox o San Francisco-Based Glu Mobile Prices $30 Million Offering o Redwood City-Based Electronic Arts Shuts Down Mythic Entertainment > Get The Word Out...With Ads on Tech Wire o Briefly Noted: Conversa Health, SRI International - Desti _____________________________________________ > Job/Event/Marketplace Classified Listings (Full Listings Below Stories) --Get The Word Out...With Ads on Tech Wire --The One Leadership Secret You Can’t Ignore --Associate Director – ORIX Ventures --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 San Francisco's BitFury Group Raises $20 Million in New Funding San Francisco -- BitFury Group, a developer of Bitcoin infrastructure with offices in San Francisco and Amsterdam, said on Friday it has raised $20 million in a new round of funding. Participants included Binary Financial, Crypto Currency Partners, Georgian Co-Investment Fund (GCF), Queensbridge Venture Partners and ZAD Investment, along with angel investors Bill Tai and Jonathan Teo and the company's seed investors. Bitfury said it will use the proceeds to build out its facilities in international locations, accelerate its production of semiconductors and servers and develop opportunities in adjacent business areas. "The success of this funding round validates our strategy and brings us closer to our aspiration of becoming the world’s first publicly listed Bitcoin company," said CEO Valery Vavilov http://www.bitfury.org http://www.businesswire.com/news/home/20140530005645/en/BitFury-Raises-20-Million-Solidifying-Lead-Bitcoin#.U4jQs3JdXng _____________________________________________ o Santa Clara-Based Violin Memory to Sell PCIe Flash Memory Card Business Santa Clara, Calif. -- Violin Memory, a Santa Clara-based developer of all-flash storage arrays and appliances, said it will sell its PCIe flash memory card business to South Korea's SK hynix for $23 million in cash and another $500,000 in assumed liabilities. The deal is expected to close by the end of June. The news comes three months after the company said it would seek strategic alternatives for the business as part of a larger restructuring that included a 20% reduction in workforce. The sale includes the company's Velocity PCIe card family. SK hynix said it will offer jobs to members of the PCIe development team. http://www.violin-memory.com http://www.skhynix.com http://investor.violin-memory.com/company/investors-overview/press-releases/press-release-details/2014/Violin-Memory-Announces-Agreement-to-Sell-its-PCIe-Product-Line/default.aspx _____________________________________________ o Robert Thomas to Depart as President and CEO of Santa Clara-Based Infoblox Santa Clara, Calif. -- After leading the company for a decade, Robert Thomas said he will step down as the president and CEO of Santa Clara-based Infoblox, a developer of network control technology. Thomas, who assumed the company's helm in 2004, will remain in his roles until a successor is named. The company's board has hired an executive search firm to assist in the process of evaluating candidates. "While we would be pleased if he would continue as CEO, the board respects his desire to pursue other personal and professional goals," said Michael Goguen, the chairman of Infoblox. "With Robert's encouragement, we have decided that it makes sense to immediately start the search for a successor." http://www.infoblox.com http://ir.infoblox.com/phoenix.zhtml?c=251270&p=irol-newsArticle&ID=1935625&highlight= _____________________________________________ o San Francisco-Based Glu Mobile Prices $30 Million Offering San Francisco -- Glu Mobile, the San Francisco-based developer and publisher of free-to-play games for smartphones and tablets, said on Friday it plans to raise $30 million in an underwritten public offering. The company has priced nearly 8.6 million shares at $3.50 each. The offering is expected to close Wednesday, with the company receiving net proceeds of $27.8 million. It plans to use the proceeds for working capital and other general corporate purposes, including possible acquisitions or investments. http://www.glu.com/ http://phx.corporate-ir.net/phoenix.zhtml?c=207033&p=irol-newsArticle&ID=1935844&highlight= _____________________________________________ o Redwood City-Based Electronic Arts Shuts Down Mythic Entertainment Redwood City, Calif. -- Electronic Arts (EA), the Redwood City-based developer and publisher of video games, has shut down Mythic Entertainment, a developer of role-playing, strategy, action and adventure games for mobile platforms, according to a report in Kotaku. "We are closing the EA Mythic location in Fairfax, Virginia, as we concentrate mobile development in our other studio locations," the company told the publication in a statement. "We are working with all impacted employees to provide assistance in finding new opportunities, either within EA or with other companies via an upcoming job fair." Launched in 1995 and acquired by EA in 2006, Mythic developed such titles as Warhammer Online and Dark Age of Camelot. http://www.mythicentertainment.com http://kotaku.com/ea-shuts-down-mythic-the-studio-behind-warhammer-onlin-1583376655 _____________________________________________ |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||| Get The Word Out...With Ads on Tech Wire Advertise your company's job openings, events and services. Reach key decision makers and grow your business today. Don't miss special summer rates on all premiere and classified advertising on Bay Area Tech Wire now until August 2014! www.bayareatechwire.com |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||| _____________________________________________ o Briefly Noted: (San Francisco) San Francisco-based Conversa Health, developer of a cloud-based digital checkups platform that supports physician-patient collaboration, on Friday named Danny Sands as its chief medical officer. Sands has maintained a primary care practice for over 20 years at Beth Israel Deaconess Medical Center in Boston. He previously served as the chief medical information officer at Cisco and co-founded the Society for Participatory Medicine. http://conversahealth.com/media.html (Menlo Park, Calif.) Menlo Park-based SRI International, a nonprofit research and development institute, said on Friday that spin-off company Desti has been acquired by HERE, a unit of Nokia focused on mapping and location intelligence. Financial terms of the deal were not disclosed. Desti is the developer of a smart travel planner designed to help users find what they're looking for by using artificial intelligence to sift through thousands of places, find the best matches and explain the relevance. Desti was spun out of SRI in 2011. Additional investors include Horizons Ventures and Carmel Ventures. http://www.sri.com/newsroom/press-releases/sri-international-spin-desti-acquired-here-nokia-company =================================================== 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 > Get The Word Out...With Ads on Tech Wire Advertise your company's job openings, events and services. Reach key decision makers and grow your business today. Don't miss special summer rates on all premiere and classified advertising on Bay Area Tech Wire now until August 2014! www.bayareatechwire.com ____________________________________________ > The One Leadership Secret You Can’t Ignore We've all had setbacks and obstacles in our personal and professional lives. How does an effective leader react and respond to setbacks? Here, we’ll talk about one of the most important core leadership secrets – five simple and quick daily practices any leader can use to work through a professional setback. http://www.fairfaxcountyeda.org/bay-area-tech-wire ____________________________________________ > 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/ ____________________________________________ > 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. 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