| ============================================ BAY AREA TECH WIRE -- June 2, 2014 ============================================ Sponsored By: Fairfax County Economic Development Authority http://www.fairfaxcountyeda.org/bay-area-tech-wire o Redwood City-Based Proteus Digital Health Lands $120 Million in Funding o San Francisco-Based Hipmunk Raises $20 Million in Third Round o S.F.-Based RichRelevance Raises $20 Million in New Funding o San Francisco-Based Concurrent Raises $10 Million in Second Round o Redwood City-Based HighWire Press Lands Investment from Accel-KKR o QEOS to Acquire Los Altos-Based Centric Technologies o San Jose-Based Extreme Networks Names Ken Arola as CFO > Seven Facts to Breathe Life into Your Business o Briefly Noted: Zosano Pharma, SV Life Sciences, Polycom _____________________________________________ > Job/Event/Marketplace Classified Listings (Full Listings Below Stories) --Seven Facts to Breathe Life into Your Business --Get The Word Out...With Ads on Tech Wire --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 Redwood City-Based Proteus Digital Health Lands $120 Million in Funding Redwood City, Calif. -- Proteus Digital Health, a Redwood City-based developer of wearable and ingestible sensor devices, said on Monday it has landed $120 million in a new round of funding, which included participation from "major new institutional investors" based in the U.S., Europe and Asia. The company also has named Steve Fieler as its CFO and Jonathan Symonds as a board member. Fieler most recently served as the CFO of HP's software division, while Symonds is the chairman of HSBC Bank and former CFO of Novartis. Proteus said its "digital medicine" products, services and data systems have the potential to significantly improve the effectiveness of existing pharmaceutical treatments. The technology integrates medicines with ingestible, wearable, mobile and cloud computing, allowing both patients and physicians to make better health decisions. The company said it will use the funding to commercialize its digital health products. "Our focus is on partnering with major health systems to deliver solutions that enable consumers and their families to switch on their own healthcare, creating critical information that can be used to ensure they and their doctors make positive decisions about use of medicines and personal health choices," said Andrew Thompson, the company's president and CEO. http://www.proteus.com http://www.proteus.com/proteus-digital-health-raises-120-million-strengthens-financial-management-and-governance-expertise-through-key-executive-appointments/ _____________________________________________ o San Francisco-Based Hipmunk Raises $20 Million in Third Round San Francisco -- Hipmunk, a San Francisco-based travel planning site, said it has raised $20 million in its third round of funding, led by Oak Investment Partners. Institutional Venture Partners, Ignition Partners and angel investors also took part in the round, which the company will use to accelerate its cross-platform strategy, as well as its hiring, customer acquisition and partnership efforts. Founded in 2010, Hipmunk uses a unique visual display to help users find the best travel options based on a combination of convenience and price. The company was co-founded by Adam Goldstein and Steve Huffman, who also previously co-founded the online community reddit. http://www.hipmunk.com/ http://blog.hipmunk.com/hipmunk-closes-20-million-series-c-financing-led-by-oak-investment-partners/?utm_source=rss&utm_medium=rss&utm_campaign=hipmunk-closes-20-million-series-c-financing-led-by-oak-investment-partners _____________________________________________ o S.F.-Based RichRelevance Raises $20 Million in New Funding San Francisco -- RichRelevance, a San Francisco-based developer of e-commerce personalization tools for retailers, said on Monday it has raised $20 million in a new round of funding, led by Centerview Capital Technology. Previous backers Draper Fisher Jurvetson (DFJ), Greylock Partners, Crosslink Capital and Shea Ventures also took part in the round, which the company will use to expand its business internationally and bolster its offerings across online, mobile and in store channels. RichRelevance currently serves more than 175 companies in 35 countries, including Target, Costco, Marks & Spencer and Priceminister. The company also recently opened its cloud-based platform through its service-oriented architecture (SOA) to let retailers merge data sources and build custom applications. http://www.richrelevance.com http://www.businesswire.com/news/home/20140602005500/en/RichRelevance-Secures-20-Million-Financing-Accelerate-Global#.U4yHAHJdXng _____________________________________________ o San Francisco-Based Concurrent Raises $10 Million in Second Round San Francisco -- Concurrent, the San Francisco-based developer of an enterprise data application platform, said on Monday it has raised $10 million in its second round of funding, led by new investor Bain Capital Ventures. Previous backers Rembrandt Ventures and True Ventures also participated in the round, which the company will use to drive research and development of its flagship product, as well as to scale operations. "This funding will not only enable us to drive our R&D execution, but will also allow us to expand operational capabilities to support our rapidly expanding user and customer base," said CEO Gary Nakamura. Salil Deshpande, managing director at Bain Capital Ventures, has joined the company's board of directors. http://concurrentinc.com http://www.concurrentinc.com/2014/06/concurrent-inc-closes-10-million-in-series-b-funding-for-big-data-app-infrastructure/ _____________________________________________ o Redwood City-Based HighWire Press Lands Investment from Accel-KKR Redwood City, Calif. -- HighWire Press, a Redwood City-based provider of technology services to scholarly publishers, said it has landed a "significant" equity investment from private equity firm Accel-KKR. The company, an auxiliary unit of Stanford University Libraries, said the proceeds will allow it to operate as a stand-alone enterprise and expand its focus on Internet-based publishing. Accel-KKR will own a majority stake in the company, with Stanford maintaining a significant minority stake. Michael Keller, university librarian at Stanford, will serve as the Stanford representative on the company's board of directors. "In order to continue to expand our rapid response to technological developments and the growing needs of our customers, an influx of new capital was necessary," said Keller. http://www.highwire.org http://www.accel-kkr.com https://ca.finance.yahoo.com/news/stanford-universitys-highwire-press-receives-173100814.html _____________________________________________ o QEOS to Acquire Los Altos-Based Centric Technologies Cupertino, Calif. -- Quantum Electro Opto Systems (QEOS), a Malaysia-based provider of high-speed, low-power connectivity and intelligent video security systems, with U.S. headquarters in Cupertino, said on Monday it will acquire Los Altos-based Centric Technologies in a deal valued at nearly $40 million. Centric is a provider of gigabit wireless and wireline technology. Under the deal, QEOS will acquire the company's IP and employees. "The acquisition advances our mission to offer a broad portfolio of innovative connectivity solutions across multiple data communications markets," said Gabriel Walters, the CEO of QEOS. http://www.qeosystems.com http://www.qeosystems.com/Press_Releases.html _____________________________________________ o San Jose-Based Extreme Networks Names Ken Arola as CFO San Jose, Calif. -- Extreme Networks, a San Jose-based developer of switching and routing products, on Monday named Ken Arola as its senior vice president and CFO. Arola most recently was the CFO of Align Technology, and previously was the vice president of finance at Adaptec. "We have been intensely focused on integration following the acquisition of Enterasys last September," said Chuck Berger, the company's president and CEO. "Ken will play a pivotal role in maintaining this momentum as we gear up for our next major integration milestone, combining our ERP onto a single platform." http://www.extremenetworks.com/ http://www.prnewswire.com/news-releases/extreme-networks-welcomes-ken-arola-as-cfo-an-industry-veteran-with-a-record-of-financial-success-261502601.html _____________________________________________ |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||| Seven Facts to Breathe Life into Your Business You've heard of the "facts of life." There also are facts of business life that entrepreneurs and would-be entrepreneurs need to know. Learn these seven tips to know which common mistakes to avoid and how to steer your company in the direction you want it to go. http://www.fairfaxcountyeda.org/bay-area-tech-wire |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||| _____________________________________________ o Briefly Noted: (Fremont, Calif.) Fremont-based biopharmaceutical firm Zosano Pharma, which is developing products based on its transdermal delivery technology, on Monday named Winnie Tso as its CFO. Tso previously was the vice president of finance and corporate controller of SciClone Pharmaceuticals, and earlier was the vice president and principal accounting officer at Velti. http://www.zosanopharma.com/ http://www.prnewswire.com/news-releases/zosano-pharma-appoints-winnie-w-tso-cpa-as-chief-financial-officer-261503851.html (San Francisco) SV Life Sciences, a life sciences venture capital fir with offices in San Francisco, Boston and London, on Monday named Dan Burgess, Ed Mascioli and Michael Mendelsohn as new venture partners. All three will join the firm's biotechnology investment team. Bios for each are at the bottom link below. http://www.svlsa.com/ http://www.prnewswire.com/news-releases/sv-life-sciences-appoints-three-new-venture-partners-261500861.html (San Jose, Calif.) San Jose-based Polycom, a developer of unified communications and collaboration tools, on Monday named Mark Arman as its vice president of worldwide channel sales. Arman most recently served as a leader in L.E.K. Consulting's Technology and Sales Force Optimization practices. http://www.polycom.com/company/news/press-releases/2014/20140602.html =================================================== 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 > Seven Facts to Breathe Life into Your Business You've heard of the "facts of life." There also are facts of business life that entrepreneurs and would-be entrepreneurs need to know. 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