Friday, May 29, 2015

Bay Area Tech Wire -- May 29

BAY AREA TECH WIRE -- May 29, 2015
To subscribe:

Shutterfly Urging Stockholders to Rebuff Proxy Fight, Maintain Board
Sunnyvale-Based Fortinet to Acquire Meru Networks for $44 Million
Cupertino-Based Apple Acquires Augmented Reality Startup Metaio
S.F.-Based Business Capital Obtains $5M Investment for Hortau
o KaloBios Pharmaceuticals Names Ronald Martell as Chairman
Briefly Noted: Vasona Networks


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

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

Ad Descriptions Below Briefly Noted Section
Post Job/Event/Marketplace ad:

o Shutterfly Urging Stockholders to Rebuff Proxy Fight, Maintain Board

Redwood City, Calif. -- Shutterfly, the Redwood City-based operator of a digital photo and personalized products site, on Thursday urged shareholders to rebuff a proxy battle started by activist investor Marathon Partners. New York-based Marathon, a 5.4% stakeholder, is looking to replace a third of Shutterfly's board, including CEO Jeff Housenbold -- a move the company said "creates needless risk of distraction from execution of the company's strategy as well as management attrition." In the letter, signed by Housenbold and Chairman Philip Marineau, Shutterfly said it has agreed to add Marathon Managing Partner Mario Cibelli to its board immediately after the company's upcoming annual meeting, as well as another mutually acceptable candidate within six months if none of Marathon's nominees are elected. Marathon reportedly has expressed concerns about Shutterfly's acquisition strategy and compensation. 

o Sunnyvale-Based Fortinet to Acquire Meru Networks for $44 Million

Sunnyvale, Calif. -- Fortinet, the Sunnyvale-based developer of cybersecurity tools, said it will pay approximately $44 million to acquire Meru Networks, a Sunnyvale-based developer of wireless networking technology. Financial terms of the deal were not disclosed. Under the deal, expected to close by the end of September, Fortinet will pay $1.63 a share in cash. "The acquisition of Meru Networks maps to our overall security vision of combining strong network security with ubiquitous connectivity," said Ken Xie, the founder, chairman and CEO of Fortinet. Meru was founded in 2002 and completed its initial public offering in 2010. The company, which has more than 300 employees, reported 2014 revenue of $90.9 million. Separately, Fortinet also announced the launch of a new mobile security subscription service called FortiGuard.

o Cupertino-Based Apple Acquires Augmented Reality Startup Metaio

Cupertino, Calif. -- Apple has acquired German augmented reality startup Metaio, TechCrunch reported. Financial terms of the deal were not disclosed. "Apple buys smaller technology companies from time to time, and we generally do not discuss our purpose or plans," the Cupertino-based company told TechCrunch, which obtained a legal document showing the transfer of shares. In a message posted on its website, Metaio told visitors that its "products and subscriptions are no longer available for purchase," sand that downloads of previous purchases will be available through Dec. 15. In addition, email support will continue through the end of June. The acquisition is expected to help Apple bolster its virtual reality efforts. 

o S.F.-Based Business Capital Obtains $5M Investment for Hortau

San Francisco -- Business Capital, a San Francisco- and Connecticut-based commercial finance and debt restructuring firm, said it has secured a $5 million growth capital facility for Hortau, a San Luis Obispo-based maker of technology-enabled soil monitoring and irrigation management systems for agricultural applications. Hortau's products support wireless management of crops and are designed to improve yields, reduce environmental impact and energy costs, and maximize fertilizer and water efficiency. The company currently has 5,000 monitoring stations and 25,000 sensors installed across over 600 farms in the U.S. and Canada. 

o KaloBios Pharmaceuticals Names Ronald Martell as Chairman

South San Francisco -- KaloBios Pharmaceuticals, a South San Francisco-based developer of monoclonal antibodies designed to treat severe diseases such as cancer, has named board member Ronald Martell as its executive chairman. Martell, most recently the CEO of Sevion Therapeutics, succeeds Ted Love, who will continue to act as lead independent director on the company's board. Martell earlier led both NeurogesX and Poniard Pharmaceuticals. 

o Briefly Noted:

(Santa Clara, Calif.) Santa Clara-based Vasona Networks, a developer of platforms for mobile network capacity and resource management and intelligence, on Friday named Ron Robinson as senior vice president of worldwide sales, Ron Howe as senior vice president of global operations and Uri Bechar as vice president of engineering. Robinson most recently was the senior vice president of global sales at Fastback Networks, Howe was senior vice president of global services and support at Harmonic and Bechar was vice president of engineering at Radware. 

Job/Event/Marketplace Listings:
To Post in Job/Event/Marketplace:
7,000 Readers: 5 day ad: $120--10 day ad: $175--20 day ad: $300

> 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:

> Don't Miss - Bay Area Tech Wire Advertising

Post jobs, events, webinars, whitepapers or service ads on Bay Area Tech Wire and grow your business. Reach more than 7,000 business and technology professionals from the Bay Area.

Subscribe to other newsletters from Tech Wire Media Group:

Potomac Tech Wire:
Bay Area Tech Wire:
New England Tech Wire:

Advertising: If you are interested in advertising in our newsletters, call
Paul Sherman at 1-301-656-0057 x1103 or send email to

News tips, press releases. Send email to:

Tech Wire Mailing Address:
325 Pennsylvania Ave. SE
Suite 250
Washington, DC 20003

Copyright: CapWire Inc. 2015


To unsubscribe/change profile: click here

To subscribe: click here

No comments:

Post a Comment