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BAY AREA TECH WIRE -- April 9, 2015
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o San Francisco-Based Prosper Marketplace Raises $165 Million
o Mountain View-Based LinkedIn to Acquire lynda.com for $1.5 Billion
o San Francisco-Based The RealReal Lands $40 Million in Fourth Round
o Redwood City-Based Carbon3D Lands Additional $10M from Autodesk
o Hillary Clinton Hires Google Executive as Chief Technology Officer
o Founder Mark Pincus Re-Takes Reigns of San Francisco-Based Zynga
o Briefly Noted: Harman International - Symphony Teleca,
Integrated Device Technology, Panasas
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> Job/Event/Marketplace Classified Listings (Full Listings Below Stories)
--The Delicate Art of Persuading Your Boss
--IT Report Developer -- Kennedy Center
--The MIT Sloan CIO Symposium - May 20 - Cambridge, Mass.
--Sales Operations Manager - FirstFuel Software (Massachusetts)
--Business Development Representative - FirstFuel Software (Massachusetts)
--Associate - North Atlantic Capital - Portland, ME
--Principal Analysts, Enterprise Security
Ad Descriptions Below Briefly Noted Section
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o San Francisco-Based Prosper Marketplace Raises $165 Million
San Francisco -- Prosper Marketplace, the San Francisco-based developer of an online peer-to-peer lending platform, said on Thursday it has raised $165 million in its fourth round of funding, led by Credit Suisse NEXT Investors. J.P. Morgan Asset Management, SunTrust Banks, USAA, BBVA Ventures, Neuberger Berman Private Equity Funds, Passport Capital and Breyer Capital also participated in the round, which the company will use to support its national expansion, as well as build new products and services. The funding follows a quarter in which nearly $600 million in loans originated through the company's platform, up 200% from the same quarter in 2014. "The explosion of interest in P2P lending demonstrates that a shift is in progress in the way that consumers borrow and lend," said CEO Aaron Vermut. "This new funding will help us scale the business to meet this growing awareness and demand."
https://www.prosper.com/
http://www.businesswire.com/news/home/20150408006710/en/Prosper-Marketplace-Announces-165-Million-Series-Financing#.VSaugdzF_ng
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o Mountain View-Based LinkedIn to Acquire lynda.com for $1.5 Billion
Mountain View, Calif. -- LinkedIn, the Mountain View-based online professional network, said on Thursday it will pay approximately $1.5 billion in cash and stock to acquire Carpinteria-based lynda.com, an online learning company teaching business, technology and creative skills. The deal is expected to close by the end of June. Co-founded in 1995 by Lynda Weinman and Bruce Heavin, lynda.com offers subscription-based access to video courses for professionals looking to improve a variety of skills. "Both companies seek to help professionals be better at what they do," said Jeff Weiner, the CEO of LinkedIn. "When integrated with the hundreds of millions of members and millions of jobs on LinkedIn, lynda.com can change the way in which people connect to opportunity." Following closing, most members of the lynda.com team are expected to join LinkedIn.
http://www.linkedin.com
http://www.lynda.com
https://press.linkedin.com/site-resources/news-releases/2015/linkedin-to-acquire-lyndacom
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o San Francisco-Based The RealReal Lands $40 Million in Fourth Round
San Francisco -- The RealReal, a San Francisco-based online seller of consigned luxury items, said it has raised $40 million in its fourth round of funding, led by Industry Ventures. New investors e.ventures Growth, Greycroft Growth and DBL Partners also joined previous backers Canaan Partners and InterWest Partners in the round, which increased the company's total funding to $83 million. "This new round of funding will be instrumental in allowing us to double our revenue while driving toward profitability, both of which are top priorities for the company in 2015," said founder and CEO Julie Wainwright. The RealReal operates an online marketplace for buying and selling luxury goods online. This year alone, the company is projected to pay consignors more than $100 million from the resale of their luxury items, including men's and women's fashion, fine jewelry & watches and fine art. Consignors earn 60%-70% of the sale price. Cynthia Ringo of DBL Partners will join the company's board of directors.
http://www.therealreal.com
http://www.prnewswire.com/news-releases/the-realreal-raises-40-million-to-accelerate-growth-300063295.html
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o Redwood City-Based Carbon3D Lands Additional $10M from Autodesk
Redwood City, Calif. -- Nearly a month after disclosing $41 million in funding to commercialize its 3D printing technology, Redwood City-based Carbon3D said on Thursday it has landed a new $10 million investment from San Francisco-based Autodesk. Carbon3D's Continuous Liquid Interface Production (CLIP) technology is designed to address the current speed, mechanical properties and material choice limitations of the 3D printing industry, eventually allowing companies to produce commercial-quality parts through 3D printing. The investment came from Autodesk's $100 million Spark Investment Fund, which the company launched late last year to drive growth in the 3D printing ecosystem. Previous investors in the company included Sequoia Capital, Northgate Partners, Piedmont Capital Partners, Wakefield Group, Silver Lake Kraftwerk and Northgate Capital.
http://www.autodesk.com
http://carbon3d.com/
http://news.autodesk.com/press-release/autodesk-consumer-group-and-education/autodesk-backs-carbon3d-10-million-spark-investm
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o Hillary Clinton Hires Google Executive as Chief Technology Officer
Washington, DC -- Ahead of her expected 2016 presidential campaign, Hillary Clinton has hired Google executive Stephanie Hannon as her chief technology officer (CTO), The Washington Post reported, citing a person familiar with the situation. Hannon, the Mountain View-based technology giant's director of product management for civic innovation and social impact, will oversee a team developing apps, websites and other technology tools from Clinton's New York campaign headquarters. A software engineer since the mid '90s, Hannon also previously spent seven years as a group product manager at Google and was a product manager at Facebook.
http://www.washingtonpost.com/blogs/post-politics/wp/2015/04/08/hillary-clinton-hires-google-executive-to-be-chief-technology-officer/
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o Founder Mark Pincus Re-Takes Reigns of San Francisco-Based Zynga
San Francisco -- Following less than two years at the helm, Don Mattrick has stepped down as the CEO of San Francisco-based Zynga, the struggling publisher of social games such as Words With Friends and FarmVille. Mark Pincus, the company's founder and chairman, will retake the role, which he initially gave up in 2013. "I am returning to the company that I love in order to accelerate innovation in the most popular categories like action strategy and strengthen our focus on our core areas like Invest and Express," said Pincus, who will receive an annual CEO salary of $1. "I believe the timing is now right for me to leave as CEO and let Mark lead the company into its next chapter given his passion for the founding vision and his ability to couple our mobile progress with Zynga's unique strengths," said Mattrick.
https://www.zynga.com/
http://investor.zynga.com/releasedetail.cfm?ReleaseID=905501
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o Briefly Noted:
(Mountain View, Calif.) Harman International, a Connecticut-based developer of audio, visual and infotainment systems, said on Thursday it has completed its acquisition of Mountain View-based software services company Symphony Teleca. Financial terms of the deal were not disclosed. Symphony Teleca offers software engineering and integration services that help businesses develop new products and technologies "at the convergence of device, sensors, cloud and data." Harman Services is led by former Symphony Teleca CEO Sanjay Dhawan.
http://news.harman.com/Press-Releases/HARMAN-Completes-Acquisition-of-Symphony-Teleca-246.aspx
(San Jose, Calif.) San Jose-based Integrated Device Technology (IDT), a developer of mixed-signal semiconductors products for the communications, computing and consumer segments, on Thursday named Robert Rango to its board of directors. Rango previously served in executive roles with Broadcom for 12 years.
http://www.idt.com/about/press-room/idt-appoints-semiconductor-veteran-robert-rango-board-directors
(Sunnyvale, Calif.) Sunnyvale-based Panasas, a developer of NAS storage tools optimized for demanding data workloads, on Thursday named David Sallak as its vice president of industry marketing. Sallak most recently served as the CTO for media & entertainment at EMC Isilon.
http://www.panasas.com
http://www.prnewswire.com/news-releases/david-sallak-joins-panasas-as-vice-president-of-industry-marketing-300063351.html
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Job/Event/Marketplace Listings:
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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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> Sales Operations Manager - FirstFuel Software - Massachusetts
FirstFuel is looking for an experienced and diligent self-starter to lead FirstFuel's Sales Operations group. As manager, you will be responsible for directly supporting the Field Sales Team and supervising a lean team of talented individuals to manage sales systems and processes, customer proposals and sales training. The Sales Operations Manager will directly report to FirstFuel's SVP of Global Sales & Business Development and will work cross-functionally with Marketing, Regulatory, Product Management and Customer Solutions to help drive continued company success and rapid growth. For more information or to apply, click here.
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> Business Development Representative - FirstFuel Software - Massachusetts
Our Lead Generation Representative thrives in a fast-paced environment and is accountable for identifying and qualifying new business opportunities for the sales team. He/she enjoys prospecting and is skilled at qualifying new customer opportunities. He/she is capable of challenging a prospect’s existing business practices, introducing and aligning FirstFuel’s products, solutions, and service. You will be driving initial discovery calls to confirm a business need. For more information or to apply, click here.
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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: haley@northatlanticcapital.com
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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 ieppolito@currentanalysis.com. For more information about the position, go to: http://currentanalysis.com/about/careers.asp
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