Monday, June 22, 2015

Bay Area Tech Wire -- June 22

BAY AREA TECH WIRE -- June 22, 2015
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San Carlos-Based Natera Shoots to Raise Up to $122.2 Million in IPO
San Francisco-Based Loopd Raises $1.5 Million in New Funding
San Jose-Based Cypress Again Raises Bid for Milpitas-Based ISSI
S.F.-Based McKesson Names Kathy McElligott as CIO and CTO
o San Jose-Based Malwarebytes Acquires Junkware Removal Tool
Briefly Noted:
Noel Technologies

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--Director of Information Technology - City of Berkeley, CA

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o San Carlos-Based Natera Shoots to Raise Up to $122.2 Million in IPO

San Carlos, Calif. -- Natera, a San Carlos-based developer of prenatal genetic testing technology, said on Monday it plans to raise up to $122.2 million in its upcoming initial public offering (IPO). The company plans to sell 6.25 shares for $15-$17 each, listing its stock on the Nasdaq Global Market under the symbol "NTRA." Morgan Stanley, Cowen and Co. and Piper Jaffray are listed as lead underwriters. Natera said it relies on advances from the human genome project along with sophisticated proprietary bioinformatic algorithms to improve the accuracy and reliability of prenatal tests. The company, known until 2012 as Gene Security Network, also is developing blood-based diagnostic tests for cancer. 

o San Francisco-Based Loopd Raises $1.5 Million in New Funding

San Francisco -- Loopd, the San Francisco-based developer of a relational analytics platform designed to help corporate marketers learn how people interact with each other, with the company and with the company's products, said on Monday it has raised $1.5 million in a new bridge round of funding. Participants included Salesforce founder and CEO Marc Benioff; venture capitalist Tim Draper and Taiwan-based Mesh Ventures. Following its initial seed round last fall, the company now has raised $2.6 million since its inception in 2013. Loopd's smart badges and apps allows attendees of corporate conferences to exchange contact information, collect marketing materials and check-in to speaker sessions. Corporate marketers can then use this information to help drive product development, partnerships and customer acquisition strategies. 

o San Jose-Based Cypress Again Raises Bid for Milpitas-Based ISSI

San Jose, Calif. -- Firing the latest shot in a protracted bidding war, San Jose-based Cypress Semiconductor on Monday again raised its bid to acquire Milpitas-based Integrated Silicon Solution Inc. (ISSI). The company said it will pay $22.25 a share, or $712 million, topping a $22 bid made on Friday by Uphill Investment. Cypress' bid, which is $1 higher than its previous offer, also includes a $0.10 a share ticking fee for each additional quarter required to obtain regulatory approval. Uphill initially proposed acquiring ISSI in March for $19.25 a share. In a letter to Jimmy Lee, the executive chairman of ISSI, Cypress CEO T.J. Rodgers wrote that his company "places strategic, not just financial, value on the acquisition of ISSI" … and that Cypress believes "the transaction would benefit not only ISSI shareholders, but also ISSI customers due to the increased breadth and strategic capabilities of the product offerings of the combined companies." 

o S.F.-Based McKesson Names Kathy McElligott as CIO and CTO

San Francisco -- McKesson, the San Francisco-based healthcare services and information technology giant, on Monday named Kathy McElligott as its executive vice president, chief information officer (CIO) and chief technology officer (CTO), effective July 20. She will succeed Randy Spratt, who announced his planned retirement earlier this year following 29 years with the company. McElligott previously served as the CIO of Emerson since 2010, managing that company's information technology strategy and information security. Earlier, she spent 22 years in multiple information systems leadership roles at General Electric. 

o San Jose-Based Malwarebytes Acquires Junkware Removal Tool

San Jose, Calif. -- Malwarebytes, a San Jose-based developer of software designed to protect users against malicious online threats, said on Monday it has acquired Junkware Removal Tool, developer of a security program that searches for and removes potentially unwanted programs such as adware, spyware and toolbars. Financial terms of the deal were not disclosed. Filipos Mouliatis, the owner and developer of Junkware Removal Tool, will join Malwarebytes Labs in Houston. Malwarebytes said it plans to integrate aspects of the tool into its own product line. The stand-alone program also will remain available. Junkware Removal Tool is a popular download on sites such as CNET, MajorGeeks and, with more than 4 million downloads on alone. 

o Briefly Noted:

(Campbell, Calif.) Campbell-based Noel Technologies, a specialty foundry providing process development and substrate fabrication for a variety of high-tech industries, said on Monday it has promoted Brenda Hill to vice president of business development, marketing and sales. Hill has been with the company since 2004, and previously spent 11 years as director of marketing and sales at semiconductor manufacturer Sipex. 

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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 prior to Friday, July 3, 2015.

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