Tuesday, May 12, 2015

Bay Area Tech Wire -- May 12

BAY AREA TECH WIRE -- May 12, 2015
To subscribe: www.bayaratechwire.com

San Carlos-Based MarkLogic Raises $102 Million in New Funding
o Mountain View-Based Blue Danube Systems Lands $16 Million
Verizon Communications to Acquire AOL for $4.4 Billion  
Fidelis Cybersecurity Acquires Menlo Park-Based Resolution1 Security
o Towers Watson Acquires Acclaris for $140 Million
Verizon Wireless, Sprint to Pay $158 Million to Settle "Cramming" Cases
Briefly Noted: Moxie Software, Scality


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

--Senior Director, Business Development - Optoro - DC
--The Delicate Art of Persuading Your Boss
--The MIT Sloan CIO Symposium - May 20 - Cambridge, Mass.

Ad Descriptions Below Briefly Noted Section
Post Job/Event/Marketplace ad: http://www.bayareatechwire.com

o San Carlos-Based MarkLogic Raises $102 Million in New Funding

San Carlos, Calif. -- MarkLogic, the San Carlos-based developer of an enterprise NoSQL database platform, said on Tuesday it has raised $102 million in a new round of funding, led by Wellington Management. Other participants included new investor Arrowpoint Partners and previous backers Northgate Capital, Sequoia Capital and Tenaya Capital, as well as Gary Bloom, the company's president and CEO. The company will use the proceeds to accelerate its market expansion across Europe, Japan and the Asia Pacific region, as well as expand its partner ecosystem and bolster research and development activities. MarkLogic, which previously had raised $71 million since its inception, said it was initially targeting $70 million for the round. "We ended last fiscal year as the largest NoSQL company in the industry," said Bloom. "This funding further cements our path of growth."

o Mountain View-Based Blue Danube Systems Lands $16 Million

Mountain View, Calif. -- Blue Danube Systems, a Mountain View-based developer of mobile wireless access tools, said on Tuesday it has landed $16 million in its second round of funding. Previous investor Sequoia Capital and new investor Northgate participated in the round, which also included an investment by AT&T. The company now has raised $23.7 million since its inception. Blue Danube is addressing the explosive growth of mobile data generated from the proliferation of video apps and interconnected devices by making more efficient use of the existing wireless spectrum. The company said it will use the new funds to accelerate the commercial deployment of a novel radio system, based on its proprietary integrated circuits and software, that enables up to a 10-times increase in average cell capacity with existing LTE infrastructure and mobile devices. "We are confident we will deliver commercial products that provide a 5G experience on today's 4G networks," said CEO Mark Pinto.
http://www.bluedanube.com/wp-content/uploads/2015/05/051115_PressRelease-Blue-Danube-Systems-Series-B-LH-F.pdf (PDF)

o Verizon Communications to Acquire AOL for $4.4 Billion

New York -- In a major move to bolster its mobile video technology, telecom-giant Verizon Communications said on Tuesday that it will acquire AOL in a deal valued at $4.4 billion. Verizon will pay $50 a share through a cash tender offer, with AOL becoming a unit of the company upon closing, expected to occur this summer. Tim Armstrong, AOL's chairman and CEO, will continue to lead AOL's operations. The move comes as Verizon reportedly prepares to launch a mobile video service this summer. Lowell McAdam, Verizon's chairman and CEO, said the acquisition "supports our strategy to provide a cross-screen connection for consumers, creators and advertisers to deliver that premium customer experience." AOL's key assets include its subscription business; brands including The Huffington Post, TechCrunch, Engadget, MAKERS and AOL.com; original online content and ad platforms. "The companies have existing successful partnerships, and we are excited to work with the team at Verizon to create the next generation of media through mobile and video," said Armstrong. The acquisition marks the latest chapter of AOL's transformation from a dial-up Internet pioneer to a developer of cutting-edge video and ad technology. AOL once boasted more than 20 million dial-up Internet subscribers prior to its failed 2000 merger with Time Warner. It now has just over 2 million. The company in recent years has focused on building its video and ad technology through a series of acquisitions.

o Fidelis Cybersecurity Acquires Menlo Park-Based Resolution1 Security

Menlo Park, Calif. -- Fidelis Cybersecurity, a Massachusetts-based provider of cybersecurity technology and services, said on Tuesday it has acquired Resolution1 Security, a Menlo Park-based developer of incident resolution tools. Financial terms of the deal were not disclosed. Resolution1's platform is designed to help security analysts and operations teams more rapidly find and eliminate threats at the endpoint device. Resolution1 will be integrated with Fidelis XPS, Fidelis Cybersecurity's flagship network security technology that provides real-time detection and prevention of threats. "We believe Resolution1's continuous, automated incident response for endpoints and Fidelis XPS's real-time detection and prevention of network threats will deliver an incredibly powerful combination of advanced protection, analytics, and data theft protection," said Kurt Bertone, the chief security strategist at Fidelis.

o Towers Watson Acquires Acclaris for $140 Million

New York -- Towers Watson, the New York-based consulting giant with offices in San Mateo and San Francisco, said it has paid $140 million to acquire Acclaris, a Florida-based provider of web-based software and services to employers, health plans, banks and third-party administrators. The company said the acquisition bolsters its offerings in benefits administration and exchange, including health savings accounts, health reimbursement arrangements and other consumer directed accounts. "Towers Watson and Acclaris will enable clients of any size to offer benefits in new and cost-effective ways," said Jim Foreman, the managing director of Towers Watson's Exchange Solutions segment. Founded in 2011, Acclaris has more than 600 employees and administers 1.4 million health care accounts. Acclaris CEO Dean Mason will join the leadership team of Towers Watson's Exchange Solutions segment.

o Verizon Wireless, Sprint to Pay $158 Million to Settle "Cramming" Cases

Washington, DC -- Verizon Wireless will pay $90 million and Sprint another $68 million to settle allegations of mobile cramming -- when consumers are charged for third-party services they did not authorize -- the Federal Communications Commission (FCC) announced on Tuesday. With the latest cases, the FCC, working with the Consumer Financial Protection Bureau, the Federal Trade Commission (FTC) and states' attorneys general, has brought a total of $353 million in penalties and restitution against the nation's four largest wireless carriers, with $267.5 million earmarked for affected customers." Consumers rightfully expect their monthly phone bills will reflect only those services that they've purchased," said Travis LeBlanc, chief of the FCC's Enforcement Bureau. "Today's settlements put in place strong protections that will prevent consumers from being victimized by these kinds of practices in the future." Consumers who have been "crammed" often receive charges -- typically $9.99 a month -- for "premium" text message subscription services like horoscopes, trivia and sports scores that they neither knew about nor requested.

o Briefly Noted:

(Sunnyvale, Calif.) Sunnyvale-based Moxie Software, a developer of e-commerce tools designed to connect and engage customers, has named Susan Whiting to its board of directors. Whiting is the former vice chair of audience measurement giant Nielsen. She retired from the company in 2014 following a 35-year career.

(San Francisco) San Francisco-based Scality, a developer of software-based storage tools, said on Tuesday it has opened a new engineering office in Boston. Jim Yang, a senior manager and Boston Development Center engineering lead, will head the new office, which plans to hire 10 employees this year focused on development and quality engineering.

Job/Event/Marketplace Listings:
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> Senior Director, Business Development - Optoro - DC

We are looking to add a Senior Director of Business Development to our growing team to help capitalize on the rapidly rising demand of our enterprise software solution. The Senior Director will be responsible for prospect evaluation, coverage and development across a portfolio of enterprise accounts. We are looking for someone with a forward-thinking and strategic approach to solving business issues and a strong background in selling solution based software in retail, ecommerce or supply chain industries. For more information or to apply, go to:

> 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

> 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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