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BAY AREA TECH WIRE -- May 7, 2015
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Featured Job: Senior Director, Business Development - Optoro - DC
http://optoro.com/careers/join#62042
o San Francisco-Based Fitbit Files to Raise Up to $100 Million in IPO
o Oakland-Based Lucid Raises $14.2 Million in Second Round
o Microchip Technology to Acquire San Jose-Based Micrel
o S.F.-Based Trizic Lands Another $2 Million in Seed Funding
o San Francisco-Based Doblet Raises $1.3 Million in Seed Funding
o Briefly Noted: HyTrust, Theranos
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> 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
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o San Francisco-Based Fitbit Files to Raise Up to $100 Million in IPO
San Francisco -- Fitbit, the San Francisco-based maker of connected fitness tracking devices, on Thursday filed with the Securities and Exchange Commission (SEC) to raise up to $100 million in its initial public offering (IPO). The company has yet to disclose specific 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 "FIT." Fitbit's platform combines connected health and fitness devices with software and services, including an online dashboard and mobile apps, data analytics, motivational and social tools and virtual coaching. The company has sold more than 20.8 million devices since its inception in 2007.
http://www.fitbit.com/
http://www.businesswire.com/news/home/20150507006715/en/Fitbit-
Files-Registration-Statement-Proposed-Initial-Public#.VUvOUo5Viko
http://www.sec.gov/Archives/edgar/data/1447599/00011931251517
6980/d875679ds1.htm
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o Oakland-Based Lucid Raises $14.2 Million in Second Round
Oakland -- Lucid, an Oakland-based developer of cloud-based software used for the integrated management of commercial buildings, said on Thursday it has raised $14.2 million in its second round of funding, which the company will use to expand its software capabilities. Investors included GE Ventures, Formation 8, Zetta Venture Partners and Autodesk. Lucid plans to use the proceeds to accelerate key platform capabilities of its cloud operating system, BuildingOS, which connects more than 160 hardware and software building technologies within a single interface. The company also plans to expand its suite of enterprise apps, including new tools for finance, building operations and facilities teams, as well as management of multi-tenant real estate. "We believe that the buildings industry is overdue for transformation and that interoperable and easy-to-use software is the key to unlock tremendous opportunities," said CEO Vladi Shunturov. Along with the funding, the company said it recently has hired several key executives, including: Shelly Davenport (vice president of worldwide sales), Loreal Lynch (vice president of marketing), Nate Nilles (vice president of business development), Aaron DeYonker (vice president of product) and Sitar Mody (senior director of engagement programs).
http://www.luciddesigngroup.com/
http://luciddesigngroup.com/news/lucid-closes-14-million-series-b-funding-to-build-a-fully-integrated-building-management-platform/
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o Microchip Technology to Acquire San Jose-Based Micrel
San Jose, Calif. -- Microchip Technology, an Arizona-based chipmaker, said on Thursday it will pay $744 million to acquire San Jose-based Micrel, a maker of chirps for the analog, Ethernet and high-bandwidth markets. Under the deal, Micrel shareholders can elect to take either $14 a share in cash or Microchip stock. "Micrel's portfolio of linear and power management products, LAN solutions and timing and communications products, as well as their strong position in the industrial, automotive and communications markets, complement many of Microchip's initiatives in these areas," said Steve Sanghi, the president and CEO of Microchip Technology. Micrel in January formed a special committee to explore possible alternatives for the company, including its potential sale.
http://www.micrel.com
http://www.microchip.com/
http://www.microchip.com/pagehandler/en-us/aboutus/acquisitions/micrel-acquisition.html
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o S.F.-Based Trizic Lands Another $2 Million in Seed Funding
San Francisco -- Trizic, a San Francisco-based developer of digital wealth advisory tools for financial institutions and investment advisors, said it has raised an additional $2 million in seed funding from Operative Capital. The company, which earlier has announced $1 million in seed funding, said it will use the latest proceeds to fully roll out its digital wealth advisory platform, known as Trizic Accelerator. "Financial firms are looking for online wealth advisory solutions that give their clients more freedom and control to manage their wealth," said founder and CEO Brad Matthews. "Trizic delivers an enterprise-class, digital advisory platform to serve this rapidly growing segment of the market."
http://www.trizic.com
http://www.prnewswire.com/news-releases/trizic-closes-2-million-in-additional-seed-funding-from-operative-capital-300078369.html
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o San Francisco-Based Doblet Raises $1.3 Million in Seed Funding
San Francisco -- Doblet, a San Francisco-based phone-charging startup, said on Thursday it has raised $1.3 million in a round of seed funding, led by SoftTech VC. The news comes days after the company launched a network of batteries for charging phones across San Francisco. Customers can use the company's mobile app to find the nearest Doblet-carrying locations, which currently exist at more than 100 area cafes, bars and restaurants. The company plans to expand that number to more than 1,000 in the coming months, adding them at a rate of 30 a week. "Most people don’t like to carry charging cables, or enjoy remembering to keep their external batteries charged," said co-founder and CEO Doktor Gurson. "Most venues don’t have phone battery chargers on hand. And electrical outlets are in limited supply and often difficult to find. Our vision is to have doblets on nearly every city block, so consumers will always have an easy way to charge their phones while they're out and about."
http://www.doblet.com
http://www.pressreleaserocket.net/doblet-raises-1-3m-seed-round-to-charge-smartphones-any-place-consumers-go/175340/
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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: http://optoro.com/careers/join#62042
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o Briefly Noted:
(Mountain View, Calif.) Mountain View-based HyTrust, a developer of cloud security automation software that recently raised $25 million in a new round of funding, has named Bill Aubin as its vice president of federal sales. Aubin most recently served as the vice president of federal at CounterTack, and previously held the same position at Imperva.
http://www.hytrust.com/company/news/press-releases/hytrust-names-bill-aubin-vice-president-federal-sales
(Palo Alto, Calif.) Palo Alto-based Theranos, a developer of lower-cost clinical laboratory tests for consumers, on Thursday named Heather King as its general counsel. King has been a partner at Boies, Schiller & Flexner in their Washington, DC office, where she has worked closely with Theranos as a client. King will be moving to Palo Alto
https://theranos.com/news/posts/theranos-hires-heather-king-as-general-counsel
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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: http://optoro.com/careers/join#62042
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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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> 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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