Thursday, January 15, 2015

Bay Area Tech Wire -- Jan. 15

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BAY AREA TECH WIRE -- Jan. 15, 2015
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Menlo Park-Based Skydio Launches After Raising $3M in Seed Funding
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S.F.-Based Talent Rover Lands Investment from Former Sun Micro CFO
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Media Giants Partner with Va. Tech to Test Using Drones in News
o Dan Tangherlini to Step Down as GSA Administrator
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S.F.-Based Genstar Capital Acquires Telestream from Thoma Bravo
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Briefly Noted: Adobe Systems, Bay Dynamics

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--Do Your Employees Think Like Owners? 10 Tips for Building an Entrepreneurial Culture
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o Menlo Park-Based Skydio Launches After Raising $3M in Seed Funding

Menlo Park, Calif. -- Skydio, the Menlo Park-based developer of software designed to help drones avoid crashes, said on Thursday it has launched operations after raising $3 million in a round of seed funding, led by Andreessen Horowitz. Accel Partners also participated. The company was founded by former MIT students Adam Bry (CTO), Abe Bachrach (CTO) and Matt Donahoe (chief experience officer). "Skydio's mission is to make the enormous potential of the aerial platform available, safe and intuitive for a much broader audience and a much broader set of applications," wrote Bry in a blog post. "A drone that's aware of its surroundings is far easier to control, safer to operate, and more capable."
http://skyd.io/ 
http://skyd.io/blog/2015/01/takeoff/ 
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o S.F.-Based Talent Rover Lands Investment from Former Sun Micro CFO

San Francisco -- Talent Rover, a San Francisco-based developer of cloud-based software used to manage staffing and recruitment, said on Wednesday it has landed a new investment from Michael Lehman, the former CFO of Sun Microsystems. Financial terms of the deal were not disclosed. Lehman, a private investor and current board member at MGIC, Solera Holdings, MapR and the University of Wisconsin Foundation, also has joined the companies advisory board. "He offers a wealth of experience navigating technology companies through the growth phase that Talent Rover has entered," said COO Brandon Metcalf.
http://www.talentrover.com
http://www.talentrover.com/2015/01/15/michael-lehman-former-cfo-sun-microsystems-joins-talent-rover-advisor-investor/#sthash.YxYHMAVJ.dpbs 
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o Media Giants Partner with Va. Tech to Test Using Drones in News

Blacksburg, Va. -- A coalition of 10 media companies, including the AP, Gannett and The Washington Post, on Wednesday unveiled a new partnership with Virginia Tech to test the use of small drones as a way to potentially gather news. The university will lead the Mid-Atlantic Aviation Partnership, one of six test sites established by Congress to collect data on the use of unmanned aircraft systems (UAS). Congress set up the test sites to assist the Federal Aviation Administration (FAA) in establishing regulations for the use of drones. The collation, which also includes Advance Publications, A.H. Belo, Getty Images, NBCUniversal, The New York Times, E.W. Scripps and Sinclair Broadcast Group, will conduct controlled safety testing through a series of real-life scenarios where the news media could use small drones to gather news. "UAS can provide this industry a safe, efficient, timely and affordable way to gather and disseminate information and keep journalists out of harm's way," said Rose Mooney, executive director of the partnership.
http://www.businesswire.com/news/home/20150115005895/en/News-Media-Coalition-Announces-Partnership-Test-Small#.VLf6VNLF_ng 
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o Dan Tangherlini to Step Down as GSA Administrator

Washington, DC -- Following nearly three years at the helm, Dan Tangherlini is stepping down as administrator of the General Services Administration (GSA), he announced in a note to employees Wednesday. Denise Turner Roth, the GSA's deputy administrator, will become the agency's acting head until a permanent replacement is named. Tangherlini took over the GSA in the wake of a 2012 spending scandal, and worked to transform the agency into a learner, more efficient operation. "Much has changed at GSA since I arrived here in April of 2012 as a result of your hard work," wrote Tangherlini. "Today, GSA is stronger, more efficient, and better able to serve our partner agencies and the American people." His last day will be Feb. 13.
http://www.gsa.gov/portal/content/203927 
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o S.F.-Based Genstar Capital Acquires Telestream from Thoma Bravo

San Francisco -- Genstar Capital, the San Francisco-based private equity firm, said on Thursday it has acquired Telestream, a Nevada City-based provider of live and on-demand digital video tools and workflow software, from San Francisco-based Thoma Bravo. Financial terms of the deal were not disclosed. Thoma Bravo had originally purchased the company three years ago. Telestream specializes in products that make it possible to get video content to any audience regardless of how it is created, distributed or viewed.
http://www.telestream.net/ 
http://news.gencap.com/press-releases/Genstar-Capital-Announces-Agreement-to-Acquire-Telestream
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o Briefly Noted:

(San Jose, Calif.) San Jose-based Adobe Systems, the large developer of web publishing software, said it plans to purchase up to $2 billion in company stock through the end of fiscal 2017. The company will repurchase shares in the open market, as well as enter into structured repurchase agreements with third parties.
https://www.adobe.com/news-room/pressreleases/2015010/201501adobeannouncespro
gramtorepurchase20billionofstockbyendoffy2017.html 

(San Francisco) San Francisco-based Bay Dynamics, a developer of security and information risk intelligence technology, on Thursday named Gautam Aggarwal as its chief marketing officer (CMO). Aggarwal most recently served as the vice president of product marketing at FireEye, and earlier held the same role at Barracuda Networks.
http://www.baydynamics.com/Company/News/ 

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> Do Your Employees Think Like Owners? 10 Tips for Building an Entrepreneurial Culture

The only way to survive today’s turbulent marketplace is with the help of engaged and empowered employees. We explain how to build an entrepreneurial culture where your employees can truly thrive. http://fairfaxcountyeda.org/bay-area-tech-wire

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> Software Developer - Falls Church, Virginia


THE CENTECH GROUP, Inc. (CENTECH) is seeking a talented Senior Software Developer with in-depth full lifecycle software development experience to support internal application development efforts in Falls Church, VA. As a part of our development team, this member will interface with business stakeholders to perform business requirements elicitation and analysis; execute the development of approved designs and work packages; perform complex system builds and deployments; perform unit testing and provide post deployment management. Required skills: C#, ASP. NET, .NET Framework, Web Forms/Services, SQL Server, Javascript, JQuery, TFS, Source Safe, Stored Procedures, DB administration, and some SP preferred. Send resumes to: developers@centechgroup.com and reference this Tech Wire job posting. EOE/M/F/D/V
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