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BAY AREA TECH WIRE -- June 2, 2015
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To subscribe: www.bayareatechwire.com
o San Francisco-Based Udemy Raises $65 Million in Fourth Round
o Campbell-Based Saama Technologies Lands $35 Million Investment
o Sunnyvale-Based PMC-Sierra Names Edward Sharp to Key Executive Role
o Palo Alto-Based Hercules Names Robert Lake as Chief Credit Officer
o Geeknet Accepts Sweeter Deal to Be Acquired by GameStop
o Briefly Noted: HyTrust, PagerDuty, Shutterfly
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> Job/Event/Marketplace Classified Listings (Full Listings Below Stories)
--Director of Information Technology - City of Berkeley, CA
--10 On-The-Job Mistakes That Can Sabotage Your Career
--San Francisco International Airport - Enterprise Architect
--Senior Director, Business Development - Optoro - DC
Ad Descriptions Below Briefly Noted Section
Post Job/Event/Marketplace ad: http://www.bayareatechwire.com
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o San Francisco-Based Udemy Raises $65 Million in Fourth Round
San Francisco -- Udemy, the San Francisco-based developer of a marketplace for online courses, said on Tuesday it has raised $65 million in its fourth round of funding, led by Stripes Group. Norwest Venture Partners (NVP) and Insight Venture Partners also participated. Ken Fox, the founder and managing partner of Stripes Group, will join the company's board of directors. Udemy, which currently derives half of its revenue from outside the U.S., said it will use the funds to continue expanding its tools and content in East and South Asia, Latin America and Western Europe. It also plans to bolster its corporate learning efforts, expanding its Udemy for Business offerings. Launched in 2010, Udemy currently offers more than 30,000 courses to more than 7 million students. The company now has raised $113 million since its inception.
https://www.udemy.com/
https://press.udemy.com/udemy-raises-65-million/
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o Campbell-Based Saama Technologies Lands $35 Million Investment
Campbell, Calif. -- Saama Technologies, a Campbell-based developer of big data tools and services for businesses, said on Tuesday it has landed a new $35 million minority investment from Carrick Capital Partners. It marks the company's first institutional funding. Saama said it will use the proceeds, in part, to expand its Ready Analytics product line. The company said the tools are part of a program that allows it to implement advanced analytics into company-specific business processes in a matter of weeks. Clients include Actelion, Brocade, Broadcom, Cisco, CSAA Insurance, Delta Dental, Dignity Health, PayPal, Salesforce.com and Unilever. Marc McMorris, Carrick's co-founder and managing director, will join Saama's board of directors.
http://www.saama.com/
http://www.saama.com/saama-secures-35-million-series-funding/
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o Sunnyvale-Based PMC-Sierra Names Edward Sharp to Key Executive Role
Sunnyvale, Calif. -- PMC-Sierra, a Sunnyvale-based developer of semiconductor and software products for networks, on Tuesday named Edward Sharp as its chief strategy and technology officer. Sharp most recently served as the vice president of NetApp's Emerging Products Group, and held a number of roles of increasing scope in NetApp's marketing, sales and product organizations from 1998-2014. In his new role, Sharp will lead PMC's worldwide strategy and technology efforts.
http://www.pmcs.com
http://investor.pmcs.com/phoenix.zhtml?c=74533&p=irol-newsArticle&ID=2055475
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o Palo Alto-Based Hercules Names Robert Lake as Chief Credit Officer
Palo Alto, Calif. -- Hercules Technology Growth Capital, a Palo Alto-based provider of senior secured loans to venture-backed technology companies, has named Robert Lake as its chief credit officer. Lake, most recently the executive director of Oxford Finance, will be responsible for overseeing the company's lending policies and risk management practices related to its loan and investment portfolio.
http://www.htgc.com/
http://investor.htgc.com/releasedetail.cfm?ReleaseID=915844
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o Geeknet Accepts Sweeter Deal to Be Acquired by GameStop
Fairfax, Va. -- Days after putting a hold on its previously announced acquisition by Hot Topic, Virginia-based Geeknet, the parent company of online retailers ThinkGeek and ThinkGeek Solutions, said on Tuesday it now will be bought by Texas-based video game and consumer electronics retailer GameStop. The $20-a-share deal values Geeknet at $140 million -- $18 million more than the deal it originally accepted a week ago. That deal provided Geeknet with the ability to accept a superior offer if it paid a 3% break-up fee, which GameStop has agreed to cover. Now, GameStop will launch a cash tender offer for shares of the company, which it said provides a "natural extension of GameStop's existing product offering." "Our board and management team believe this transaction is in the best interest of Geeknet and its stockholders," said Kathryn McCarthy, the CEO of Geeknet. "As a part of GameStop's family of brands, Geeknet will be well-positioned to achieve our goals of increasing our brand awareness and expanding our product offerings." The acquisition is expected to close by the end of July.
http://www.gamestop.com/
http://geek.net/releasedetail.cfm?ReleaseID=916040
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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, on Tuesday named Tom de Jongh as its vice president of sales, international. de Jongh was most recently a senior vice president at Prolexic and previously was the director of data protection at McAfee.
http://www.hytrust.com/company/news/press-releases/hytrust-names-tom-de-jongh-vp-sales-international
(San Francisco) San Francisco-based PagerDuty, developer of an operations performance platform, on Tuesday named Tim Armandpour as its vice president of engineering. Armandpour most recently served as the senior vice president of engineering and product at YapStone, following several years in senior director positions at PayPal. He will be responsible for driving product development and scaling the engineering teams in both San Francisco and Toronto.
http://www.pagerduty.com/press-releases/paypal-alumnus-tim-armandpour-joins-pagerduty-as-vice-president-of-engineering/
(Redwood City, Calif.) Redwood City-based Shutterfly, the operator of a digital photo and personalized products site, has named Tracy Layney as its senior vice president and chief human resources officer. Layney most recently she was senior vice president and head of human resources and communications at Old Navy, and previously held several other roles at Gap Inc.
http://ir.shutterfly.com/releasedetail.cfm?ReleaseID=915836
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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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> 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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> 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 http://www.ralphandersen.com/jobs/sfo_enterprise_architect.html
To apply, send a compelling cover letter and a comprehensive resume to apply@ralphandersen.com by June 15, 2015. Confidential inquiries welcomed to Heather Renschler or Greg Nelsen at (916) 630-4900.
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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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