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BAY AREA TECH WIRE -- June 19, 2015
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Sponsored By: Fairfax County Economic Development Authority
http://fairfaxcountyeda.org/bay-area-tech-wire
o Campbell-Based Komprise Raises $6 Million in First Round
o Uphill Investment Increases Offer for Milpitas-Based ISSI
o San Francisco-Based Invuity Closes IPO After Raising $47.8 Million
o Media Companies Team with Va. Tech to Test Drones for News Coverage
o UBM Tech Names Finalists for 2014 ACE Awards
> 10 On-The-Job Mistakes That Can Sabotage Your Career
o Briefly Noted: Bessemer Venture Partners, Guidewire Software, Ellie Mae
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> Job/Event/Marketplace Classified Listings (Full Listings Below Stories)
--10 On-The-Job Mistakes That Can Sabotage Your Career
--Director of Information Technology - City of Berkeley, CA
Ad Descriptions Below Briefly Noted Section
Post Job/Event/Marketplace ad: http://www.bayareatechwire.com
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o Campbell-Based Komprise Raises $6 Million in First Round
Campbell, Calif. -- Komprise, a Campbell-based developer of data management software, said it has raised $6 million in its first round of funding, led by Canaan Partners. The company said it will use the proceeds to build out its software, which uses analytics-driven adaptive automation to manage massive data growth across all storage silos. It also plans to expand its team, hiring in areas including product, engineering, sales and marketing. "The reality is most businesses today are struggling simply to keep up with the growth of their data," said Krishna Subramanian, the company's co-founder and COO. "Our solution helps businesses to organize, discover and unlock the value of unstructured data while streamlining costs."
http://komprise.com
http://komprise.com/komprise-raises-6m-series-a-to-create-analytics-driven-software-for-sustainably-managing-the-massive-growth-of-data/
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o Uphill Investment Increases Offer for Milpitas-Based ISSI
Milpitas, Calif. -- Uphill Investment has again upped the ante in its battle for Milpitas-based Integrated Silicon Solution Inc. (ISSI). The firm said on Friday it will pay $22 a share for ISSI, topping a competing bid from San Jose-based Cypress Semiconductor that included $21.25 a share in cash plus a $0.10 a share ticking fee for each additional quarter required to obtain regulatory approval. The latest bid is $1 a share higher than ISSI's previous offer. Cypress and ISSI initially agreed to a $674 million deal on June 10, sparking the bidding war.
http://www.issi.com/US/investor-press-releases.shtml
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o San Francisco-Based Invuity Closes IPO After Raising $47.8 Million
San Francisco -- One week after pricing its initial public offering (IPO), San Francisco-based Invuity, a developer of surgical photonics, said late Thursday it has closed the offering after raising net proceeds of $47.8 million. All told, the company sold 4.6 million shares -- including 600,000 purchased by underwriters to cover overallotments -- for $12 each. Shares began trading on the NASDAQ Global Market under the ticker symbol "IVTY" on Monday. Piper Jaffray, Leerink Partners and Stifel are serving as lead underwriters. Invuity's medical technology uses advanced photonics to provide surgeons to help better visualize surgical cavities during surgical procedures. The news comes four months after the company raised $20 million in a round of funding led by Wellington Management.
http://invuity.com/
http://www.prnewswire.com/news-releases/invuity-announces-closing-of-initial-public-offering-300101614.html
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o Media Companies Team with Va. Tech to Test Drones for News Coverage
Bealeton, Va. -- A coalition of 15 media companies have teamed with Virginia Tech to begin testing small drones for the purposes of gathering news. The flights are the first in a series of controlled tests involving real-life scenarios, to simulate news events that the media can safely report on using drone technology. It marks the first time reporters and photographers are at the controls of the aircraft to test news gathering. "This program will allow us to use these new tools safely and effectively while also benefiting from the many new angles of visual newsgathering," said Sandy MacIntyre, vice president and director of global video for the Associated Press. Virginia Tech is one of the Federal Aviation Administration's designated test sites for drone research.
http://www.businesswire.com/news/home/20150616006220/en/News-Coalition-Launches-Hands-On-Drone-Testing-Program#.VYGtSflViko
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o UBM Tech Names Finalists for 2014 ACE Awards
San Francisco -- UBM Tech, a San Francisco-based media company targeting design engineers and the electronics industry, has named the finalists for its 2015 ACE (Annual Creativity in Electronics) Awards. The awards, presented in 21 categories, honor the people and companies behind top technologies and electronics products. Winners will be announced July 21 in Santa Clara. The complete list of finalists is available at the link below.
http://www.prnewswire.com/news-releases/2015-ubm-ace-awards-finalists-recognized-for-innovation-in-electronics-300101089.html
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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
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o Briefly Noted:
(Menlo Park, Calif.) Menlo Park-based venture capital firm Bessemer Venture Partners (BVP) said on Friday it has promoted Kristina Shen to vice president. Shen, who will be based in San Francisco, joined the firm in 2013. She will continue to work closely with BVP's investing partners to identify entrepreneurial opportunities in startups focused on the cloud computing, mobile and Internet sectors.
http://www.bvp.com/
http://www.businesswire.com/news/home/20150619005049/en/Bessemer-Venture-Promotes-Kristina-Shen-Vice-President#.VYQa-flViko
(Foster City, Calif.) Foster City-based Guidewire Software, a provider of software products to property and casualty insurers, has named Peter Gassner to its board of directors. Gassner is the founder and CEO of Veeva Systems, and previously was the senior vice president of technology at salesforce.com.
http://www.guidewire.com/news-and-events/press-releases/2015/peter-gassner-named-to-guidewire-software-board-of-directors/
(Pleasanton, Calif.) Pleasanton-based Ellie Mae, a developer of software and services for the residential mortgage industry, has named Karen Blasing and Rajat Taneja to its board of directors. Blasing was most recently the CFO of Guidewire Software, and previously was the CFO of Force 10 Networks. Taneja has been executive vice president of technology for Visa since 2013, and previously was the CTO of Electronic Arts.
http://www.elliemae.com/
http://www.businesswire.com/news/home/20150618006310/en/Ellie-Mae-Appoints-Karen-Blasing-Rajat-Taneja#.VYQgnvlViko
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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
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> 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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