Wednesday, March 4, 2015

Bay Area Tech Wire -- March 4

BAY AREA TECH WIRE -- March 4, 2015
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Redwood City-Based Alation Raises $9 Million in First Round
o Pleasanton-Based Veeva Systems to Acquire Business from Qforma
Redwood City-Based Man Crates Raises $3.1 Million in Seed Funding
Strategic Products and Services Acquires Pleasanton-Based ExtraTeam
San Francisco's CloudMine Raises $5 Million in First Round
o Briefly Noted: Wikia, MoSys, Hercules Technology Growth Capital


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

--Principal Analysts, Enterprise Security
--Do What You're Good At, Not What You Love: Real Talk for Today's Job Seekers.
--Product Marketing Manager - FirstFuel Software - Massachusetts
--Intellectual Property Services/Patent Applications Drafted

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o Redwood City-Based Alation Raises $9 Million in First Round

Redwood City, Calif. -- Alation, a stealthy Redwood City-based startup focused on making large amounts of data more accessible to decision makers, said on Wednesday it has raised $9 million in its first round of funding, co-led by Costanoa Venture Capital and Data Collective. Andreessen Horowitz, Bloomberg Beta and General Catalyst Partners, along with several individuals, also took part in the round, which the company will use to accelerate product development and expand sales and marketing activities. Greg Sands, founder and managing partner of Costanoa Venture Capital, has joined the company's board of directors. "Data-driven enterprises have voracious appetites for information and continue to make massive investments in data management platforms like Hadoop and business intelligence software like Tableau," said co-founder and CEO Satyen Sangani. "While these technologies help with computation, storage, and visualization, ironically they make it harder to navigate the ocean of data. Alation helps people get to key insights faster." Alation plans to release its inaugural product for general availability in the first half of 2015. 

o Pleasanton-Based Veeva Systems to Acquire Business from Qforma

Pleasanton, Calif. -- Veeva Systems, a Pleasanton-based developer of cloud-based software for the life sciences industry, said on Wednesday it will acquire the CrowdLink business of New Jersey-based Qforma. Financial terms of the all-cash deal were not disclosed. CrowdLink provides key opinion leader (KOL) data and services to life sciences companies. As part of the agreement, Veeva also will acquire the outstanding equity interests of Mederi AG, a BelHealth Investment Partners portfolio company, as well as other related business assets of Qforma.

o Redwood City-Based Man Crates Raises $3.1 Million in Seed Funding

Redwood City, Calif. -- Man Crates, a Redwood City-based e-commerce startup that delivers gifts for men, said on Wednesday it has landed $3.1 million in a new round of seed funding. Participants included Rothenberg Ventures, Sovereign's Capital, Eric Chen's OVO Fund, Sam Yagan's Corazon Capital, Tekton Ventures, Pete Koomen (Optimizely), Mac Harman (Balsam Brands) and the founders of ApartmentList (John Kobs, Chris Herndon and Chris Erickson). Man Crates currently offers more than 50 varieties of crates filled with a variety of gadgets and food products, with prices ranging from $25-$180. Each crate ships with a crowbar. The company said it plans to expand its product offerings and double its staff to more than 60 in the coming months. 

o Strategic Products and Services Acquires Pleasanton-Based ExtraTeam

Pleasanton, Calif. -- Strategic Products and Services (SPS), a New Jersey-based systems integrator and managed service provider, said on Wednesday it has acquired Pleasanton-based ExtraTeam, a provider of IT services focused on communications. Financial terms of the deal were not disclosed. Neil Setchell, the former CEO of ExtraTeam, will become the combined company's chief strategy officer. SPS specializes in design, integration and managed services for communication applications, including collaboration, video, core infrastructure, voice and contact centers. 

o San Francisco's CloudMine Raises $5 Million in First Round

San Francisco -- CloudMine, the Philadelphia-based developer of a cloud mobile platform with West Coast offices in San Francisco, said it has raised $5 million in its first round of funding, led by Safeguard Scientifics. MentorTech Ventures, DreamIt Ventures, DeSimone Group Investments, Ben Franklin Technology Partners, Mid-Atlantic Angel Group, Robin Hood Ventures and other angel investors also took part in the round, which the company will use to bolster its products and expand sales and marketing activities. Founded in 2011, CloudMine offers a mobile platform for enterprise IT departments, allowing developers to rapidly build and deploy mobile apps for employee productivity and consumer engagement. 

o Briefly Noted:

(San Francisco) San Francisco-based Wikia, the developer of a user-generated publishing site focused on pop culture, entertainment and gaming, on Wednesday named Walker Jacobs to the newly created position of COO. Jacobs, who will be based in New York, will lead the company's sales, marketing, operations and advertising product development teams. He most recently was the president and chief revenue officer of Clear Channel Outdoor.

(Santa Clara, Calif.) Santa Clara-based MoSys, a developer of semiconductors for network and communications systems, said on Wednesday it has raised $21.3 million through an underwritten public offering. The company sold nearly 14.4 million shares for $1.60 each, and plans to use the net proceeds for general corporate purposes, including working capital. 

(Palo Alto, Calif.) Palo Alto-based Hercules Technology Growth Capital, a provider of senior secured loans to venture capital-backed technology companies, said on Wednesday it plans to repurchase up to $50 million in company stock. The firm said it will buy shares on the open market through either Aug. 24 or until it has used the approved dollar amount. 

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> 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: 

> Do What You're Good At, Not What You Love: Real Talk for Today's Job Seekers.

While "follow your passion" is popular career advice, it isn't necessarily the best career advice. Here, we share five compelling reasons why matching your job to your skill set, not your biggest passion, is a much better bet.


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