Thursday, May 28, 2015

Bay Area Tech Wire -- May 28

BAY AREA TECH WIRE -- May 28, 2015
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San Jose's Avago Technologies to Acquire Broadcom for $37 Billion
Emeryville-Based Gracenote Acquires Infostrada Sports and SportsDirect
San Francisco-Based Tapjoy Promotes Sean Lindsay to CTO
Theranos Founder Tops Forbes' "Richest Self-Made Women" List
Office Depot to Pay $3.4 Million to Settle Claims Over Defective Chairs
Briefly Noted: Agilent Technologies, 8x8


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

--San Francisco International Airport - Enterprise Architect
--Senior Director, Business Development - Optoro - DC

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o San Jose's Avago Technologies to Acquire Broadcom for $37 Billion

San Jose, Calif. -- Avago Technologies, a developer of analog semiconductor devices with dual headquarters in San Jose and Singapore, said on Thursday it will pay approximately $37 billion to acquire Irvine-based Broadcom, a maker of communications chips. Under the deal, expected to close in early 2016, Avago will pay $17 billion in cash, as well as 140 million shares of stock. The combined company -- to be known as Broadcom Ltd. -- will generate annual revenue of approximately $15 billion and have an enterprise value of $77 billion. "The combination of Avago and Broadcom creates a global diversified leader in wired and wireless communication semiconductors," said Hock Tan, the president and CEO of Avago. Tan will continue to serve in his current roles, while Henry Samueli, the co-founder and chairman of Broadcom, will become its CTO. 

o Emeryville-Based Gracenote Acquires Infostrada Sports and SportsDirect

Emeryville, Calif. -- Gracenote, an Emeryville-based division of Tribune Media that maintains a database featuring descriptions of 200 million music tracks and TV listings, said on Thursday it has paid $54 million to acquire Netherlands-based Infostrada Sports and Nova Scotia-based SportsDirect, which both provide sports data. With the acquisition, the company has launched Gracenote Sports, a new service that will provide information such as schedules, scores, play-by-play stats, and team and player information for sports organizations such as the NFL, Major League Baseball, NBA, NHL, European football and the Olympics. "Our clients have been asking for Gracenote to add sports data to the music and video solutions that we already provide," said CEO John Batter. "The acquisition of Infostrada Sports and SportsDirect will immediately position Gracenote to take a leadership role in the growing sports entertainment data market and will make Gracenote the only company to deliver a portfolio of music, video and sports data." 

o San Francisco-Based Tapjoy Promotes Sean Lindsay to CTO

San Francisco -- Tapjoy, the San Francisco-based developer of a marketing automation platform for mobile apps, said on Thursday it has promoted Sean Lindsay to the role of CTO. Lindsay, who joined the company as vice president of engineering through its acquisition of Viximo in 2012, will continue to lead its Cambridge, Mass. technology center and a team of more than 65 engineers. In his new role, he also will be responsible for Tapjoy's technical direction, as well as the strategy of its system architecture and service operations.

o Theranos Founder Tops Forbes' "Richest Self-Made Women" List

Palo Alto's Elizabeth Holmes, whose Theranos blood testing company was valued at $9 billion last year, is the highest-ranked woman on Forbes' newly released list of "America's Richest Self-Made Women." Holmes, the company's founder and CEO, tops the list with an estimated net worth of $4.5 billion. At age 31, she also is the world's youngest female billionaire. Sheryl Sandberg, the COO of Menlo Park-based Facebook, ranks No. 16 ($1.1 billion). The complete list is available at the link below. 

o Office Depot to Pay $3.4 Million to Settle Claims Over Defective Chairs

Washington, DC -- The Consumer Product Safety Commission (CPSC) said that office supply giant Office Depot will pay a $3.4 million civil penalty to settle charges that it knowingly failed to report defects on two models of its office chairs. The seatbacks on the chairs, known as the Quantum and the Gibson, allegedly have failed numerous times, resulting in multiple back and other injuries. Office Depot sold about 150,000 Quantum chairs nationwide between 2006-2009, for about $350 each, and about 1.4 million Gibson chairs nationwide between 2003-2012, for about $40 each. 

o Briefly Noted:

(Santa Clara, Calif.) Santa Clara-based Agilent Technologies, a provider of instruments, software and services to laboratories, said on Thursday it will buy back up to $1.14 billion of company stock through a new repurchase program. The new program will commence on either Nov. 1 or whenever the company completes the purchase of $365 million of stock under its existing stock repurchase program. 

(San Jose, Calif.) San Jose-based 8x8, a developer of cloud-based unified communications and contact center tools, on Thursday named Jared Smith-Mickelson as its vice president of engineering. Smith-Mickelson most recently served as the vice president of engineering at Jive Software, and earlier held several senior manager roles at Cisco Systems. 

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> 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
To apply, send a compelling cover letter and a comprehensive resume to 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:

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