Friday, June 13, 2014

Bay Area Tech Wire -- June 13

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BAY AREA TECH WIRE -- June 13, 2014
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o Priceline to Acquire S.F.-Based OpenTable in $2.6 Billion Deal
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Hayward-Based Chrono Therapeutics Lands $32 Million in First Round
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San Francisco-Based VigLink Raises $18 Million in Third Round
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10 Student Teams Names Finalists in Technovation Event for Young Women
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Briefly Noted: Nanotech Entertainment, Anthera Pharmaceuticals

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o Priceline to Acquire S.F.-Based OpenTable in $2.6 Billion Deal

San Francisco -- Priceline, the Connecticut-based operator of a discount hotel booking service, said on Friday it will pay approximately $2.6 billion in cash to acquire OpenTable, the San Francisco-based operator of a popular restaurant reservation service. Priceline will pay $103 a share under the deal, which is expected to close after mid-year. OpenTable will continue to be headquartered in San Francisco, operating as an independent unit of Priceline led by its current management team. "OpenTable is a great match for The Priceline Group," said Darren Huston, the president and CEO of Priceline. "They provide us with a natural extension into restaurant marketing services." OpenTable's service currently accepts reservations for 15 million diners a month across more than 31,000 restaurants. The company said the acquisition will afford it growth opportunities, particularly in foreign markets. "They have an exceptional track record of customer service in dozens of languages around the world," said CEO Matt Roberts. "We couldn't be more excited to join a group of brands leading in their space." Besides Priceline.com, Priceline also operates Booking.com, Agoda.com, KAYAK and rentalcars.com.
http://www.pricelinegroup.com/ 
http://www.opentable.com/ 
http://ir.pricelinegroup.com/releasedetail.cfm?ReleaseID=854575 
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o Hayward-Based Chrono Therapeutics Lands $32 Million in First Round

Hayward, Calif. -- Chrono Therapeutics, a Hayward-based developer of wearable devices designed to help people quite smoking, said it has raised $32 million in its first round of funding, co-led by Canaan Partners and 5AM Ventures. Fountain Healthcare Partners, Mayo Clinic and GE Ventures also took part in the round, which the company will use to complete product development and clinical studies. Chrono's core product, the SmartStop system, a Bluetooth device that offers programmable, transdermal nicotine replacement therapy in combination with real-time behavioral support. "We believe we have a very compelling technology that will solve many of the problems that make smoking cessation so difficult," said CEO Alan Levy.
http://www.chronothera.com 
https://ca.finance.yahoo.com/news/chrono-therapeutics-inventor-wearable-smart-160000979.html 
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o San Francisco-Based VigLink Raises $18 Million in Third Round

San Francisco -- VigLink, the San Francisco-based developer of a platform for content-driven commerce, said on Friday it has raised $18 million in its third round of funding, led by RRE Ventures. Previous backers Google Ventures, Emergence Capital and First Round Capital also participated, as did Correlation Ventures and Silicon Valley Bank. Eric Wiesen, a general partner at RRE Ventures, will join the company's board of directors. The company plans to use the additional funding to fuel international expansion and better address the needs of advertisers. VigLink's platform embeds ordinary links directly into publishers' content. The company operates the VigLink Exchange (VLX), where site-to-site clicks are priced, bought and sold.
http://www.viglink.com 
http://www.viglink.com/press-release/viglink-announces-18m-financing-to-fuel-expansion/ 
http://www.viglink.com/blog/2014/06/13/investing-in-viglink/ 
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o 10 Student Teams Names Finalists in Technovation Event for Young Women

Santa Clara, Calif. -- Ten teams of students from across five continents on Friday were named finalists in Technovation, a global technology entrepreneurship program and mobile app competition for young women ages 10-23. The finalists will pitch their startup ideas at the Technovation World Pitch event on June 18 at Intel headquarters in Santa Clara. The teams, comprised of students at the middle school, high school and university levels, will compete for a share of $20,000 in seed funding. Technovation is an intensive three-month curriculum that teaches female students computer science and leadership skills as they develop mobile app startups to address problems in their communities. This year, more than 3,500 young women from 45 countries enrolled. Samantha Quist, the senior director of Technovation, said the program "reshapes young women's perceptions of the technology industry, empowering them to see themselves as creators of technology, rather than just consumers of it."
http://www.technovationchallenge.org/ 
http://www.technovationchallenge.org/world-pitch-2014/ 
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o Briefly Noted:


(San Jose, Calif.) San Jose-based Nanotech Entertainment, a developer of 4K ultra HD streaming video technology, has named Rod Riegel to its content advisory board. Riegel currently serves as vice president of global market development and strategy for the joint venture 3D channel and UHD production studio of Discovery Communications and IMAX.
http://www.businesswire.com/news/home/20140613005453/en/NanoTech-Entertainment-Appoints-Entertainment-Executive-Rod-Riegel#.U5tcwpRdXng 

(Hayward, Calif.) Hayward-based Anthera Pharmaceuticals, a developer of drugs to treat autoimmune diseases, on Friday named Philip Sager to its board of directors. Sager is a fellow of the American College of Cardiology, American Heart Association and Heart Rhythm Society, and has served as a consulting professor of medicine at the Stanford University School of Medicine since 2013.
http://www.prnewswire.com/news-releases/anthera-pharmaceuticals-appoints-dr-philip-sager-to-board-of-directors-263071721.html 

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