Tuesday, May 19, 2015

Bay Area Tech Wire -- May 19

BAY AREA TECH WIRE -- May 19, 2015
To subscribe: www.bayareatechwire.com

San Jose-Based Xactly Files to Raise Up to $75 Million in IPO
San Mateo-Based Feedzai Raises $17.5 Million in Second Round  
San Carlos-Based Farmers Business Network Raises $15 Million
o Federal Complaint Claims PayPal Misled Consumers, Seeks $25 Million
President Obama Officially Joins Twittersphere with "@POTUS" Account
San Francisco-Based Speakeasy Lands $5 Million in First Round
Oakland-Based Pandora to Acquire Next Big Sound
o Briefly Noted: Cryptosoft, Hyperwallet Systems

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

--10 On-The-Job Mistakes That Can Sabotage Your Career
--San Francisco International Airport - Enterprise Architect
--Senior Director, Business Development - Optoro - DC
--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 Jose-Based Xactly Files to Raise Up to $75 Million in IPO

San Jose, Calif. -- Xactly, the San Jose-based developer of a cloud-based incentive compensation platform designed to manage employee and sales performance, on Tuesday filed with the Securities and Exchange Commission (SEC) to raise up to $75 million in its initial public offering (IPO). The company has yet to disclose details of the offering, such as the number of shares to be sold or their expected price range. It plans to list its stock on the New York Stock Exchange under the symbol "XTLY." J.P. Morgan and Deutsche Bank Securities will serve as lead underwriters. As of Jan. 31, Xactly had approximately 194,000 subscribers, up 54,000 from the prior year. The company posted $61.1 million in revenue last fiscal year, with a net loss of $18.5 million.

o San Mateo-Based Feedzai Raises $17.5 Million in Second Round

San Mateo, Calif. -- Feedzai, the San Mateo-based developer of a machine learning platform designed to detect and prevent fraud, said on Tuesday it has raised $17.5 million in its second round of funding, led by Oak HC/FT. Previous investors Sapphire Ventures (formerly SAP Ventures) and Espirito Santo Ventures also participated in the round, which the company will use to expand its sales and engineering teams. Feedzai's software is designed to help businesses analyze massive amounts of data to keep their customers' personal information and transactions safe. Clients include First Data, Celfocus, Coca-Cola, Logica, Vodafone, Ericsson and Servebase Credit Card Solutions. Oak General Partner Patricia Kemp and Venture Partner Jonathan Weiner will join the company's board of directors.
https://www.feedzai.com/wp-content/uploads/2015/05/Feedzai-Funding-Release-FINAL1.pdf (PDF)

o San Carlos-Based Farmers Business Network Raises $15 Million

San Carlos, Calif. -- Farmers Business Network (FBN), the San Carlos-based developer of an online community for farmers, said on Tuesday it has raised $15 million in its second round of funding, led by Google Ventures. Kleiner Perkins Caufield & Byers and DBL Investors also participated in the round, which the company will use to grow its platform nationally and work with more farmers. Andy Wheeler, a general partner at Google Ventures, will join the company's board of directors. Through FBN, farmers can access independent information on input, agronomic practice and yield performance from other farmers, enabling them to make the best decisions. "Farmers have been advising each other for thousands of years," said co-founder Charles Baron. "FBN gives them a platform to do so with real information on a massive scale, so they can make the most informed decisions." The company now has raised $28 million since its inception.

o Federal Complaint Claims PayPal Misled Consumers, Seeks $25 Million

San Jose, Calif. -- The Consumer Financial Protection Bureau (CFPB) on Tuesday filed a complaint in federal court against PayPal, alleging that the online payments unit of San Jose-based eBay illegally signed up consumers for its online credit product, PayPal Credit (formerly known as Bill Me Later). If approved by the court, PayPal -- which is now in the process of separating from eBay -- would be forced to pay $25 million, including $15 million in customer refunds and a $10 million penalty, as well as improve its disclosures and procedures. The complaint claims that many consumers who were attempting to enroll in a regular PayPal account or make an online purchase were instead signed up for the credit product without realizing it. The company allegedly also failed to post payments properly, lost payment checks and mishandled billing disputes. "PayPal illegally signed up consumers for its online credit product without their permission and failed to address disputes when they complained," said Richard Cordray, director of the CFPB. "Online shopping has become a way of life for many Americans and it's important that they are treated fairly."

o President Obama Officially Joins Twittersphere with "@POTUS" Account

Washington, DC -- Following six years in office, President Obama on Monday officially become part of the Twittersphere, joining the social networking service under the handle "@POTUS." Obama's first-ever tweet on Monday read: "Hello, Twitter! It's Barack. Really! Six years in, they're finally giving me my own account." As of Tuesday morning, the account already had 1.75 million followers, with Obama, himself, following 65 accounts -- mostly government agencies, federal officials, universities he attended and Chicago-area sports teams. Unlike previous Twitter handles -- such as @BarackObama and @WhiteHouse -- the White House in a blog post vowed that the account "will serve as a new way for President Obama to engage directly with the American people, with tweets coming exclusively from him."

o San Francisco-Based Speakeasy Lands $5 Million in First Round

San Francisco -- Speakeasy, a San Francisco-based developer of mobile-first conference calling software, said on Tuesday it has landed $5 million in its first round of funding from Bessemer Venture Partners (BVP) and Salesforce Ventures. The company also said it has launched its iPhone app and web client, built on the Twilio cloud communications platform. "The conference call experience remains largely unchanged, despite every employee and customer carrying a smartphone," said co-founder and CEO Reza Mohsin. "People want to collaborate better, but technology is getting in the way."

o Oakland-Based Pandora to Acquire Next Big Sound

Oakland -- Pandora, the Oakland-based Internet radio service, said on Thursday it will acquire Next Big Sound, a New York-based provider of online music analytics. Financial terms of the deal were not disclosed. Pandora said the acquisition will provide it with an analytics tool used by tens of thousands of music makers, labels and marketers looking for data and insights about artists and their fans. Launched in 2009, Next Big Sound combines music consumption data into one centralized platform. "The combination of Pandora’s listening data and Next Big Sound’s analytical capabilities will create a vital source of data," said CEO Brian McAndrews.

o Briefly Noted:

(Orinda, Calif.) Orinda-based Cryptosoft, a developer of authentication and encryption services for connected IoT and M2M devices, on Tuesday named Darron Antill as its CEO. Antill is the former CEO of AppSense, Vistorm, Intrinsic and Ultima Business Solutions.

(San Francisco) San Francisco-based Hyperwallet Systems, developer of a payments platform and settlement network that lets businesses distribute funds in more than 150 currencies, on Tuesday named Brent Warrington as its new CEO. Warrington, most recently, the CEO of SecureNet Payment Systems (acquired by Worldpay), will primarily focus on expansion into new markets, such as the emerging collaborative economy segment. He also previously served as the CEO of FundsXpress (acquired by First Data).

Job/Event/Marketplace Listings:
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> 10 On-The-Job Mistakes That Can Sabotage Your Career

Over time, bad habits can tarnish an otherwise great reputation and overshadow your accomplishments in the eyes of your colleagues and supervisors. Remember, in the big leagues, your reputation is every bit as important as your skills and experience. Here are 10 mistakes to avoid to make sure you're protecting your reputation. http://fairfaxcountyeda.org/bay-area-tech-wire

> San Francisco International Airport - Enterprise Architect

This is truly a rare opportunity to join an award winning and progressive organization that is innovating to be the most technologically empowering airport in North America! This newly created position of Enterprise Architect for San Francisco International Airport (SFO) is focused on developing and delivering the strategic technology roadmap for both the short- and long-term. By providing expertise on the design of architectural solutions as well as the establishment of architecture standards, the Enterprise Architect will play an integral role in building a holistic view and framework for the Airport’s technology strategy, processes, and information technology roadmap. Top contenders will be strategic thinkers and strong communicators to ensure proposed technical solutions are aligned with the Airport’s overall objectives, mission, and vision. Requires five years of experience at a senior level as an application and systems architect; experience in the development of platf! Bachelor’s degree required. Annual salary range is $123,578 to $157,742 plus outstanding benefits including retirement plan. Detailed brochure available at http://www.ralphandersen.com/jobs/sfo_enterprise_architect.html
To apply, send a compelling cover letter and a comprehensive resume to apply@ralphandersen.com by June 15, 2015. Confidential inquiries welcomed to Heather Renschler or Greg Nelsen at (916) 630-4900.

> 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 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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