Tuesday, June 16, 2015

Bay Area Tech Wire -- June 16

BAY AREA TECH WIRE -- June 16, 2015
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o Palo Alto-Based Ooma Files to Raise Up to $86 Million in IPO
South San Francisco-Based Kezar Life Sciences Raises $23 Million
ClicksMob Relocating from New York to San Francisco's Embarcadero
Santa Clara-Based Accelerite Acquires San Mateo-based Convirture
o San Jose-Based VeriFyle Names Hotmail Co-Founder Jack Smith as CEO
Ciena Clears Regulatory Hurdle in Bid to Acquire Petaluma-Based Cyan
Briefly Noted:
TaaSera, Enlighted, AppDynamics

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

--10 On-The-Job Mistakes That Can Sabotage Your Career
--SFW Capital Partners
--Director of Information Technology - City of Berkeley, CA

Ad Descriptions Below Briefly Noted Section
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o Palo Alto-Based Ooma Files to Raise Up to $86 Million in IPO

Palo Alto, Calif. -- Ooma, the Palo Alto-based developer of a cloud-based telephony platform, has filed with the Securities and Exchange Commission (SEC) to raise up to $86.25 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 "OOMA." Credit Suisse Securities, BofA Merrill Lynch and JMP Securities will serve as lead underwriters. Founded in 2004, Ooma currently counts approximately 678,000 core users. The company generates $72.2 million last fiscal year, with a net loss of $6.4 million.
http://www.sec.gov/Archives/edgar/data/1327688/000119312515223495/d859236ds1.htm (IPO filing)

o South San Francisco-Based Kezar Life Sciences Raises $23 Million

South San Francisco -- Kezar Life Sciences, a South San Francisco-based startup developing drugs to treat autoimmune disorders, said on Tuesday it has raised $23 million in its first round of funding. Participants included Morningside Venture, Cormorant Asset Management, EcoR1 Capital, 9W Capital Management, Omega Funds, Aju IB Investment and private investors. In connection with the financing, Amgen-subsidiary Onyx Pharmaceuticals will license intellectual property related to its immunoproteasome program to Kezar, and will take a minority equity stake in the company. Kezar said it will use the proceeds to conduct clinical trials, as well as drug discovery programs targeting protein secretion. "Severe autoimmune disorders represent a major area of unmet medical need," said co-founder and CEO John Fowler. "We are excited to translate nearly a decade's worth of high quality research into new treatments for patients who are in need of effective therapies."

o ClicksMob Relocating from New York to San Francisco's Embarcadero

San Francisco -- ClicksMob, a provider of mobile affiliate marketing services designed to help advertisers acquire users and publishers make more money from their mobile traffic, said on Tuesday it has relocated its headquarters from New York to San Francisco. Chen Levanon, the company's CEO, will relocate to lead the development of the new Embarcadero headquarters. "We realized the need to be on the West Coast to have closer proximity and access to the large companies that use our services here," said Levanon. The company, which plans to fill 15 positions in the new office over the coming months, said it will maintain its offices in New York and Tel Aviv.

o Santa Clara-Based Accelerite Acquires San Mateo-based Convirture

Santa Clara, Calif. -- Accelerite, a Santa Clara-based provider of software for IT infrastructure, mobile and cloud technology, said on Tuesday it has acquired San Mateo-based Convirture, a unified management provider for virtualization and cloud environments. Financial terms of the deal were not disclosed. Accelerite said the acquisition will allow it to offer a single product designed to help clients streamline their IT management, letting them choose and deploy any combination of hypervisors and cloud platforms. "Together these technologies will provide the one toolset that businesses need to solve the pain point of managing different virtualization and cloud technologies that sooner or later they know they must address," said CEO Nara Rajagopalan.

o San Jose-Based VeriFyle Names Hotmail Co-Founder Jack Smith as CEO

San Jose, Calif. -- VeriFyle, a San Jose-based developer of ultra-secure messaging and document sharing technology, on Tuesday named Jack Smith, the co-founder of Hotmail, as its new CEO. The move comes as the stealthy company plans to launch publically later this year. Smith in 1996 co-founded the first free Web-based email service, Hotmail. He has since served as the founder and CEO of Akamba and CEO of Proximex. Founder Roy Martin called Smith "the perfect leader for VeriFyle," citing his "track record of success, industry knowledge and experience."

o Ciena Clears Regulatory Hurdle in Bid to Acquire Petaluma-Based Cyan

Petaluma, Calif. -- Six weeks after first announcing the deal, Maryland-based networking technology company Ciena said on Tuesday it has cleared a hurdle in its bid to acquire Petaluma-based Cyan, a developer of software for network operators. The companies announced early termination of the waiting period under the Hart-Scott-Rodino Act, meaning they have been cleared to proceed with the $400 million deal by antitrust regulators. Cyan stockholders still must approve the acquisition at the company's annual meeting, scheduled for July 31. The deal is expected to close during the third quarter. Cyan's open software-defined networking tools are designed to help network operators make service delivery more efficient and profitable. Ciena said the technology will compliment its own Agility software portfolio.

o Briefly Noted:

(Cupertino, Calif.) TaaSera, a developer of cybersecurity technology with dual headquarters in Cupertino and Virginia, on Tuesday named David Brigati as its executive vice president of sales. Brigati most recently oversaw federal sales of Intel Security's McAfee SIEM product, and previously was the vice president of federal civilian sales at NitroSecurity. He will work out of the company's office in Virginia.

(Sunnyvale, Calif.) Sunnyvale-based Enlighted, a developer of Internet of Things (IoT) products for commercial buildings, said on Tuesday it has opened a French subsidiary office in Paris. The office will be responsible for driving the adoption of the company's smart sensor technology to customers in the region and furthering its presence in Europe, the Middle East and Africa. Stephane Werba, a 20-year veteran of the European technology industry, will join Enlighted as vice president, managing the office.

(San Francisco) San Francisco-based AppDynamics, developer of an application intelligence platform, on Tuesday named David Scott to its board of directors. Scott most recently was senior vice president and general manager of the global HP storage business, and previously was the president and CEO of 3Par, which was acquired by HP in 2010.

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

> SFW Capital Partners

SFW Capital Partners, a leading investor in analytical tools & related services companies, is pleased to announce the closing of SFW Capital Partners Fund II, LP and its related entities. The fund is a partnership formed to invest in middle market businesses that provide instruments, information, software or services to support critical decision-making processes across all major sectors of the global economy. http://www.sfwcap.com

> Director of Information Technology - City of Berkeley, CA

The Director of Information Technology leads a large municipal department in providing a diverse array of digital services to its employees, citizens, and beyond. Reporting to the City Manager, the Director of IT will be seen as the technology leader working across the organization to ensure a forward-thinking and strategic approach to technology in support of all municipal business units. Bachelor’s degree is required. This position requires six years responsible experience in information technology, four years of which must have been at a supervisory or management level. Salary range $137,772 to $189,396 DOQ, plus benefit package including CalPERS. Detailed brochure by clicking here. Confidential inquiries to Greg Nelson at (916) 630-4900. Submit cover letter and resume to apply@ralphandersen.com prior to Friday, July 3, 2015.

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