Monday, November 17, 2014

Bay Area Tech Wire -- Nov. 17

BAY AREA TECH WIRE -- Nov. 17, 2014
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Redwood City-Based Shutterfly Acquires Groovebook for $14.5 Million
San Francisco-Based ServiceSource Names Christopher Carrington as CEO
SK hynix memory solutions Opens Colorado Engineering Center
Survey: IT Budgets Set to Take Biggest Leap Since 2008
Briefly Noted: KLA-Tencor, Farsight Security, Splunk


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

--Chief Information Officer - Washoe County, Nevada
IT Services Department Manager, Turlock Irrigation District
--Senior Manager, External Reporting - Mode Media, Brisbane CA
Senior Analyst - Consumer Services US
--Human Services Agency IT Director - City and County of San Francisco
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o Redwood City-Based Shutterfly Acquires Groovebook for $14.5 Million

Redwood City, Calif. -- Shutterfly, the Redwood City-based operator of a digital photo and personalized products site, said on Monday it has acquired Los Angeles-based GrooveBook, developer of a subscription service that sends customers monthly keepsake books of their mobile phone photos. The $14.5 million deal includes an unspecified upfront purchase amount, plus a future performance-based earn-out. "By adding GrooveBook to our family of brands, we will introduce a new photo book form factor while leveraging the viral, social and word of mouth nature of the GrooveBook mobile apps," said Jeffrey Housenbold, the president and CEO of Shutterfly. GrooveBook is an iPhone and Android app and subscription service that prints up to 100 mobile phone photos in a 4.5-inch x 6.5-inch book, and mails it to customers each month for $2.99. The company was featured on the television program "Shark Tank," and worked with investor Kevin O'Leary. 

o San Francisco-Based ServiceSource Names Christopher Carrington as CEO

San Francisco -- ServiceSource, a San Francisco-based provider of cloud-based technologies and services designed to help clients better manage recurring revenue, on Monday named Christopher Carrington as its new CEO. Ashley Johnson, the company's previously CFO and most recently acting CEO, will assume the role of chief customer officer, overseeing customer-facing functions. Carrington most recently served as the executive vice president of global delivery for Sykes Enterprises, and previously was the president and CEO of Alpine Access. 

o SK hynix memory solutions Opens Colorado Engineering Center

San Jose, Calif. -- SK hynix memory solutions (SKHMS), a San Jose-based developer of NAND flash products, said on Monday it has opened a new engineering development center in Longmont, Colorado. The news comes six months after the company, formerly known as Link-A-Media Devices, acquired a solid-state storage technology team from Violin Memory. 

o Survey: IT Budgets Set to Take Biggest Leap Since 2008

Arlington, Va. -- Companies' information technology budgets in 2015 are expected to make their largest single-year jump since financial crisis of 2008, according to a new survey from CEB. Spending on IT is forecast to jump 3.3%, with companies ramping up digital channels and technologies that touch the customer, such as mobile applications. To free up additional money, CIOs have reduced maintenance spending from 63% to 57% of their total IT budgets over the past three years by retiring legacy systems, investing in process discipline and sourcing more effectively. "In 2015 CIOs will focus on making IT quicker to adapt to rapidly changing digitization opportunities, and prioritizing investment in improving the digital customer experience," said Andrew Horne, managing director at CEB. 

o Briefly Noted:

(Milpitas, Calif.) Milpitas-based KLA-Tencor, a maker of process control and yield management tools for chipmakers, said on Monday it has closed a new $1.25 billion credit facility. The facility consists of $750 million of term loans and commitments for an unfunded revolving credit facility of $500 million. 

(San Mateo, Calif.) San Mateo-based Farsight Security, a developer of network security tools, on Monday named Joe St. Sauver as its distributed system scientist and Ben April as its director of engineering. St. Sauver previously worked at the University of Oregon for the Computing Center/Information Services and Internet2/InCommon, while April was the Americas regional manager of the Forward-Looking Threat Research team at Trend Micro. 

(San Francisco) San Francisco-based Splunk, developer of an operational intelligence software platform, on Monday named Rick Fitz as its vice president of IT markets. Fitz most recently served as vice president of product strategy and management at Markmonitor, and earlier was the senior vice president of product management at CA Technologies.

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> Chief Information Officer - Washoe County, Nevada

Reporting to the Assistant County Manager, the CIO will oversee the day-to-day operations of the Technology Services Department and provide guidance and support to the Information Technology Advisory Committee. As the Department Director, the CIO will oversee a staff of 75 employees in deploying, utilizing, and leveraging information technology to enhance productivity, broaden the capabilities, and reduce the operating costs of Washoe County government. A Bachelor’s degree and 10 years of progressively responsible management experience managing IT services is required. Salary range is $109,886 to $142,834 DOQ plus excellent executive benefits. Detailed brochure available at Confidential inquiries to (916) 630-4900. Send cover letter, resume, and current compensation to  prior to December 5, 2014.

> IT Services Department Manager, Turlock Irrigation District

Nestled between the awe-inspiring Sierra Nevada and the greater Bay Area, the Chief Financial Officer for the Turlock Irrigation District (TID) is conducting a national search to find an experienced Information Technology Services Department Manager. Ideal candidates will be highly skilled technology professionals. The successful candidate must have a proven and verifiable track record with providing technology solutions for leveraging existing systems and transitioning TID to a more integrated, contemporary, state-of-the-art technology organization with significantly improved technology applications to support all aspects of the public utilities administrative (finance, personnel, customer billing, and customer service) and operational needs. A Bachelor’s degree and at least ten (10) years of progressive experience with at least three (3) years of management experience required. Salary to $151,434. Interested candidate should email their resume and compelling cover letter to This position is open until filled; First review of resumes will begin 12/5/14. Detailed brochure available at Confidential inquires to Robert Burg at 916/630-4900.

> Senior Manager, External Reporting - Mode Media, Brisbane CA

Mode Media is a leading vertical social media company with the largest online global reach in lifestyle and among the top 10 of the Wall Street Journal’s annual ranking of the top 50 U.S. venture-backed companies. The Sr. Manager, External Reporting has primary responsibility for all external reporting and compliance. This includes SEC reporting as well as all other regulatory agencies. This position will also act as coordination of any requirements globally. This person will work with the Corporate Accounting Group to provide assistance with the Company’s audit requirements and management of the public accounting firm (E&Y) during the quarterly and annual review/audit process. The manager helps build and maintain a “World Class” accounting and operations service and support organization. Requirements: Bachelor’s degree in Accounting or Finance; CPA required. 10 years’ experience, with at least 5 years of experience at public accounting firm, Big 4 preferred and 2 yrs experience as SEC reporting manager. Strong project management, leadership, relationship development and people management skills. Results orientation with an ability to manage the overall project, collaborate with different individuals across the organization and at target companies. To Apply:

> Senior Analyst - Consumer Services US

Current Analysis is seeking to recruit a Senior Analyst to join the Consumer Services US team contributing to Current Analysis' existing capabilities and coverage in the US mobile, fixed and converged providers of consumer’s services. The ideal candidate will have exceptional knowledge of the key US wireless players, service portfolios and strategies, with strong knowledge in the following areas: Mobile data, WiFi calling, carrier-OTT partnerships, the MVNO competitive landscape and emerging innovation in the areas of carrier-branded VAS. Qualified candidates should have relevant market knowledge as well as a proven ability to analyze companies their services portfolios and corporate marketing positions. 5+ years professional experience as an analyst, technical writer, journalist, marketing or product management in IT, telecoms or related fields. Experience in tracking and analyzing Consumer Services in the US. Proven written, verbal and interpersonal skills in English required. Proven public event and/or sales presentation experience. Effective prioritization and time management skills. Able to work independently from home office and travel moderately within the US. Bachelor’s Degree required. Current Analysis offers competitive compensation packages and benefits including medical, dental, vision and 401(k). We are an Equal Employment Opportunity organization. To learn more about Current Analysis, please visit us at Send resumes to

> Human Services Agency IT Director - City and County of San Francisco

Seeking dynamic leader to manage $22.5 million division budget and staff of 75. An exciting civil service career opportunity to match system management expertise to improve client’s quality of life and customer experience through technology. Bachelor’s degree plus 7 years of increasingly responsible experience with at least 3 years of management experience is required. Salary range up to $174,382 plus outstanding benefits and retirement. Detailed brochure available at Confidential inquires welcomed to Robert Burg at (916) 630-4900. Apply online at

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