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BAY AREA TECH WIRE -- April 24, 2015
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Sponsored By: Fairfax County Economic Development Authority
http://fairfaxcountyeda.org/bay-area-tech-wire
o Menlo Park-Based IVP Closes New $1.4 Billion Investment Fund
o Investment Firms Complete $3.5 Billion Deal for Riverbed Technology
o San Francisco-Based Smule Raises $38 Million in Equity and Debt
o Department of Defense Unveils New Cyber Strategy at Stanford
o Comcast Abandon's $45 Million Takeover of Time Warner Cable
> The Delicate Art of Persuading Your Boss
o Briefly Noted: Salesforce - Toopher, Load DynamiX
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> Job/Event/Marketplace Classified Listings (Full Listings Below Stories)
--Director, Product Marketing in Tysons
--The Delicate Art of Persuading Your Boss
--IT Report Developer -- Kennedy Center
--The MIT Sloan CIO Symposium - May 20 - Cambridge, Mass.
Ad Descriptions Below Briefly Noted Section
Post Job/Event/Marketplace ad: http://www.bayareatechwire.com
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o Menlo Park-Based IVP Closes New $1.4 Billion Investment Fund
Menlo Park, Calif. -- Institutional Venture Partners (IVP), a later-stage venture capital firm based in Menlo Park, said it has closed a new $1.4 billion investment fund -- the largest in its 35-year history. The firm plans to invest $10-$100 million in 12-15 companies a year, both in the U.S. consumer and enterprise sectors. "There has been an explosion in seed financings coupled with companies waiting longer to go public," the firm wrote in a blog post. "These two factors massively increase the opportunity set for later-stage private financings." The new fund, known as IVP XV, increases the firm's cumulative committed capital to $5.4 billion. General partners include Todd Chaffee, Somesh Dash, Steve Harrick, Eric Liaw, Jules Maltz, Sandy Miller and Dennis Phelps. After 26 years as a general partner at IVP, Norm Fogelsong will serve the new fund as an advisory partner. Since its inception in 1980, IVP has invested in over 300 companies, with 101 of those going public. Consumer investments have included HomeAway, Kayak, LegalZoom, LifeLock, Netflix, Prosper, Shazam, Snapchat, SoundCloud, Supercell, The Honest Company and Twitter, while enterprise investments have included AppDynamics, ArcSight, ComScore, Datalogix, Domo, Dropbox, Fleetmatics, Marketo, MySQL, Omniture, OnDeck, Pure Storage, Slack and Zenefits.
http://www.ivp.com/news/press-release/announcing-ivp-xv#.VTodYNJViko
http://www.ivp.com/news/press-release/institutional-venture-partners-announces-a--1-4-billion-fund#.VTogFtJViko
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o Investment Firms Complete $3.5 Billion Deal for Riverbed Technology
San Francisco -- Private equity firm Thoma Bravo and Teachers' Private Capital on Friday completed their $3.5 billion acquisition of San Francisco-based application performance infrastructure company Riverbed Technology. Under the deal, first announced in December, Riverbed stockholders received $21 a share in cash. Riverbed now has ceased trading on the NASDAQ under the ticker symbol "RVBD." "With this acquisition now complete, our team can begin to move forward with the strategic initiatives that will take us to the next stage of growth," said Jerry Kennelly, the company's chairman and CEO. "As a private company, Riverbed is better positioned to pursue our long term goals, and has greater flexibility to develop best-of breed technologies that deliver superior application performance for our customers."
http://www.riverbed.com/
http://www.riverbed.com/about/news-articles/press-releases/Thoma-Bravo-Completes-Acquisition-of-Riverbed-Technology.html?pid=Home_NewsTicker:+Thoma+Bravo+Completes+Acquisition+of+Riverbed+Technology
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o San Francisco-Based Smule Raises $38 Million in Equity and Debt
San Francisco -- Smule, the San Francisco-based developer of a social network focused on musical performance, said it has raised $38 million in new equity and debt funding that the company will use to bolster marketing, product development and international expansion. Adam Street Partners led the equity round, with previous backers Bessemer Ventures and Shasta Ventures also participating. City National provided the debt financing. Adams Street partner Dave Welsh has joined the company's board. Founded in 2008, Smule has created a social network powered by a family of mobile apps, including Ocarina, Magic Piano, Sing! Karaoke, Guitar! and AutoRap. Smule's community of approximately 25 million users now performs 12 million songs a day and records 1.5 terabytes of content a day on the company's network.
http://www.smule.com/
http://www.businesswire.com/news/home/20150423006265/en/Smule-Raises-38-Million-Funding-Accelerate-Growth#.VTpC1dJViko
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o Department of Defense Unveils New Cyber Strategy at Stanford
Palo Alto, Calif. -- Looking to strengthen the nation's cyber defense posture over the next several years, the Department of Defense has released its new cyber strategy, updating its previous strategy from 2011. Goals of the program, unveiled Thursday at Stanford University, include defending DoD networks and systems, defending the nation against cyber attacks and providing cyber support to military operational and contingency plans. "In some ways, what we're doing about this threat is similar to what we do about more conventional threats," said Defense Secretary Ash Carter. "We like to deter malicious action before it happens and we like to be able to defend against incoming attacks as well as pinpoint where an attack came from." He said that stronger partnerships throughout the government, as well as private sector security teams at companies such as FireEye, Crowdstrike and HP, have improved the department's ability to respond to attacks. Carter also on Thursday visited Facebook's campus in Menlo Park, and on Friday was scheduled to meet with executives at $4 billon venture-capital firm Andreessen Horowitz.
http://www.defense.gov/home/features/2015/0415_cyber-strategy/
http://preview.defenselink.mil/news/newsarticle.aspx?id=128659
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o Comcast Abandon's $45 Million Takeover of Time Warner Cable
Philadelphia -- Abandoning a deal that would've united the nation's two largest cable operators, Comcast said on Friday it has terminated its planned $45 billion takeover of Time Warner Cable. Intense regulatory pressure reportedly quashed the deal, which raised fears among consumer groups of higher prices for services such as cable TV and broadband Internet, as well as the stifling of new competition. "Today, we move on," wrote Comcast Chairman and CEO Brian Roberts in a statement. "Of course, we would have liked to bring our great products to new cities, but we structured this deal so that if the government didn't agree, we could walk away."
http://corporate.comcast.com/news-information/news-feed/comcast-twc-charter-transactions-terminated
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The Delicate Art of Persuading Your Boss
You’ve got a brilliant idea to transform the business. Or maybe you're just trying to stop the stupid train from rolling over the great work your team has done. You make your case to your boss, but she's not convinced. What next? Real leaders take a step back and get serious about the persuading.
http://fairfaxcountyeda.org/bay-area-tech-wire
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o Briefly Noted:
(San Francisco) San Francisco-based Salesforce, the customer relationship management giant, said on Friday it has granted equity awards to new employees who joined the company in connection with its recent acquisition of Toopher, developer of a mobile authentication app that people can use to log into web services. Under the Plan, seven new employees have been granted 37,408 restricted stock units, which will vest over the next four years. Salesforce completed its acquisition of Toopher in early April.
http://investor.salesforce.com/about-us/investor/investor-news/investor-news-details/2015/Salesforce-Grants-Equity-Awards-Under-Its-Inducement-Equity-Incentive-Plan/default.aspx
(San Jose, Calif.) San Jose-based Load DynamiX, a developer of storage infrastructure performance validation tools, has named Gavin Tweedie as its first operations director for the EMEA region. Tweedie previously held sales and system engineering management positions with IBM, HP and Sun Microsystems.
http://www.loaddynamix.com
http://www.businesswire.com/news/home/20150423006241/en/Load-DynamiX-Appoints-Gavin-Tweedie-EMEA-Operations#.VTpMNNJViko
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Job/Event/Marketplace Listings:
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To Post in Job/Event/Marketplace: http://www.bayareatechwire.com
7,000 Readers: 5 day ad: $120--10 day ad: $175--20 day ad: $300
> Director, Product Marketing - Tysons, Virginia
Perspecsys, a leading cloud security software provider, is seeking a Director, Product Marketing. Reporting directly to the CMO, the individual will be responsible for all outbound lead generation campaigns, Sales and Channel enablement, competitive analysis and positioning, product launches, etc. This position is ideal for entrepreneurial candidates with strong Product Marketing experience, a successful track record achievement, and a desire to be part of a rapidly growing start-up. For more information and to apply, go to: perspecsys@techwiremedia.com
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> The Delicate Art of Persuading Your Boss
You’ve got a brilliant idea to transform the business. Or maybe you're just trying to stop the stupid train from rolling over the great work your team has done. You make your case to your boss, but she's not convinced. What next? Real leaders take a step back and get serious about the persuading. http://fairfaxcountyeda.org/bay-area-tech-wire
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> IT Report Developer -- Kennedy Center
The Kennedy Center Information Technology department's Report Developer would help to gather report requirements, document specifications, estimate project timelines, and will be responsible for the design, development, QA, and delivery of custom reports and reporting solutions. Also required will be an understanding of ETL processes and data warehouse concepts, transactional databases, star/snowflake schema databases, as well as familiarity of OLAP cubes. Responsibilities Include: Perform advanced report development utilizing SQL Server Reporting Services. Utilize an understanding of relational database concepts as well as data warehouse and ETL concepts. Design, code, and test database objects to support reporting. Experience: 3+ years’ experience with full life cycle of Report Development projects. 1+ years' experience with SQL Server Reporting Services. Excellent written and verbal communication. For consideration, apply online here.
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> The MIT Sloan CIO Symposium - May 20 - Cambridge, Mass.
The MIT Sloan CIO Symposium will help CIOs to invent their future and accelerate success through technology. CIOs will engage with business leaders, technology trendsetters, and academic thought leaders in panel discussions and explore new thinking and practices. Panel discussions include: Academic Keynote Panel -- The Impact of Automation; Platform Shift -- How New Business Models are Changing the Shape of Industry, and the Role of CIOs; Leading Digital: A Manifesto for IT and Business Executives; The Board, CEO and CIO Roles in Dealing with Digital Disruption; Cybersecurity - New Approaches to Assessing and Maximizing Your Protection; Demand Shaping: How IT Becomes a Distinctive Advantage; and Cashing in on Your Data. Use code 15NETECHWIRE when registering for a $200 discount. Register at www.mitcio.com.
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