Wednesday, March 11, 2015

Bay Area Tech Wire -- March 11

BAY AREA TECH WIRE -- March 11, 2015
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Bain Capital to Acquire Sunnyvale-Based Blue Coat for $2.4 Billion
San Francisco-Based StarMaker Raises $6.5 Million in Second Round
o Redwood City-Based Sencha Acquires mzPivotGrid
San Jose Teen Wins Intel Science Talent Search
Study: Company Culture Is Biggest Key for Software Development Success
Briefly Noted: Accela, Splunk, issuu


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

--Associate - North Atlantic Capital - Portland, ME
--Principal Analysts, Enterprise Security
--Intellectual Property Services/Patent Applications Drafted

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o Bain Capital to Acquire Sunnyvale-Based Blue Coat for $2.4 Billion

Sunnyvale, Calif. -- Blue Coat Systems, a Sunnyvale-based developer of enterprise security technology, said that investment firm Bain Capital will acquire the company from current owner Thoma Bravo in an all-cash deal valued at approximately $2.4 billion. Closing is expected by mid-year. David Humphrey, a managing director at Bain Capital, said the firm plans to work with Blue Coat's management to "grow the business organically and through acquisitions, and to ultimately return the company to the public markets." Blue Coat has grown through a series of acquisitions in recent years, expanding its offerings to the advanced threat defense, security analytics and encrypted traffic management spaces. The company said it currently counts 80% of the Fortune 500 as customers. 

o San Francisco-Based StarMaker Raises $6.5 Million in Second Round

San Francisco -- StarMaker, the San Francisco-based developer of a digital-first music talent platform, said on Wednesday it has raised $6.5 million in its second round of funding, led by Raine Ventures. Crosscut Ventures, Three Bridges Ventures, Qualcomm Ventures, iGlobe Partners and GREE International also participated, as well as individuals such as Allen DeBevoise of Machinima and Joe Perez of Tastemade. StarMaker said it will use the proceeds to bolster its platform, expand its staff and launch new music programming initiatives. StarMaker is a rights-based digital music network designed to foster music content creation, curation and consumption, as well as talent discovery and promotion across multiple platforms. The company has licensing deals with all of the major music publishers, and works closely with labels such as Atlantic, Columbia, Island Def Jam, Hollywood and RCA. 

o Redwood City-Based Sencha Acquires mzPivotGrid

Redwood City, Calif. -- Sencha, a Redwood City-based provider of HTML5 desktop and mobile web app development technology, said on Wednesday it has acquired mzPivotGrid, an analytics tool designed to help developers build apps that can gain insights from massive amounts of data. Financial terms of the deal with Romania-based mzSolutions were not disclosed. Sencha said the acquisition will add an out-of-the-box analytics capability to its Ext JS grids. "We've received a serious number of requests from our customers to deliver functionality with which they can uncover meaningful insights from massive sets of data," said CEO Art Landro. "It is an ideal complement and add-on to Sencha Ext JS." 

o San Jose Teen Wins Intel Science Talent Search

San Jose, Calif. -- A 17-year-old from San Jose has been named one of three top winners of the Intel Science Talent Search, a pre-college science and math competition held in conjunction with the Society for Science & the Public (SSP). Andrew Jin, 17, of San Jose, California, won first place in the Global Good category, which rewards finalists who demonstrate great scientific potential through their "passion to make a difference." Jin developed a machine learning algorithm to identify adaptive mutations across the human genome. He was one of three winners of $150,000 top prizes, along with Noah Golowich, 17, of Lexington, Mass., (Basic Research) and Michael Hofmann Winer, 18, of North Bethesda, Md. (Innovation). 

o Study: Company Culture Is Biggest Key for Software Development Success

Fairfax, Va. -- Company culture, including the ability to attract and retain top talent and provide opportunities for career growth and recognition, is the most critical factor for success in developing new software products, according to a new study by 3Pillar Global and the University of Maryland's Robert H. Smith School of Business. Feedback and communication also are critical factors, with staffing, collaboration and time/budget focus less important but still significant. The study surveyed more than 200 professionals responsible for software product development within their companies. "This study has confirmed a lot of what we know, but more importantly revealed how essential the `softer' components -- such as culture, communication and feedback -- are to successful product development," said David DeWolf, the president and CEO of 3Pillar Global. The complete study is available at the link below.

o Briefly Noted:

(San Ramon, Calif.) San Ramon-based Accela, a developer of cloud-based civic engagement platforms for government, on Wednesday named Rudy Karsan to its board of directors. Karsan is the founder of Kenexa and private investment firm Karlani Capital. The appointment comes two weeks after the company announced a $143.5 million round of equity financing, in which Karlani Capital participated. 

(San Francisco) San Francisco-based Splunk, developer of a software platform for real-time operational intelligence, on Wednesday named Amy Chang to its board of directors. Chang is the founder and CEO of Accompani, and serves on Informatica's board of directors and the digital advisory council of Target. 

(Palo Alto, Calif.) Palo Alto-based issuu, developer of a digital publishing platform, on Wednesday named Alexander Grosse as its vice president of engineering. Grosse most recently served as the vice president of engineering at SoundCloud, and previously was a research and development director for Nokia.

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> Associate - North Atlantic Capital - Portland, ME

Portland, Maine based North Atlantic Capital is seeking an Associate to play a crucial role in executing our investment strategy by researching promising technology market segments and proactively reaching out to the CEOs and CFOs of leading private companies within those market segments. He or she will also participate in all phases of investment process including: due diligence, meetings with management, focused company and industry research, financial modeling and writing investment recommendations. All candidates considered must have: 2-4 years work experience, investment banking or corporate development experience, experience working with or strong affinity for technology companies and an exceptional educational background. Send resumes to:


> Principal Analysts, Enterprise Security

Current Analysis, a Progressive Digital Media company, is seeking a Principal Analyst to work in our Enterprise Security group with expertise spanning secure messaging, data security and governance, firewall/VPN and intrusion prevention and detection. Of particular importance is the ability to view security broadly and speak to its impact upon the entire IT technology landscape such as mobility, data center, application development, big data, and collaboration. Qualified candidate should have the ability to identify market trends and weigh the relative strengths and weaknesses of companies and products while delivering high quality analysis under tight deadlines. The goal is to deliver intelligence that alerts and helps sales professionals respond to competitive threats and opportunities, and gives end users insight into the strengths and weaknesses of competing products/strategies. Companies covered include, but are not limited to CA, Checkpoint, Cisco, EMC/RSA, IBM/ISS, Juniper, McAfee, Microsoft, Symantec, and Trend Micro. Send resumes to For more information about the position, go to: 

> Intellectual Property Services/Patent Applications Drafted

ROARK IP ( provides a wide range of services relating to intellectual property including patents, trademarks, copyrights, trade secrets and licensing. We charge $3600.00 (excluding government filing and drafting fees) to prepare a utility patent application for filing with the US Patent & Trademark Office in the mechanical and electrical technology areas. Sample patents drafted include: 6,134,944; 6,158,244; 6,225,635; 6,226,346; 6,417,754; 6,490,469; 6,515,737; and 6,850,920. Flat fee, no surprise billing offered. We are located in San Jose. If you are interested, please contact us at

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