Wednesday, June 24, 2015

Bay Area Tech Wire -- June 24

BAY AREA TECH WIRE -- June 24, 2015
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S.F.-Based HackerOne Raises $25 Million in Second Round
San Francisco-Based VenueNext Lands $9 Million in First Round
o Menlo Park-Based Deliv Acquires Chicago-Based WeDeliver
Report: IPO Activity Picking Up Following Slow Start to Year
o IT and Engineering Jobs Continue Tepid Pace of Growth in May  
Briefly Noted:
MobileIron, GI Partners - MRI Software, Anaplan

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

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o S.F.-Based HackerOne Raises $25 Million in Second Round

San Francisco -- HackerOne, the San Francisco-based developer of a platform that connects businesses with a community of hackers to find and disclose software security holes, said on Wednesday it has raised $25 million in its second round of funding, led by New Enterprise Associates (NEA). Other participants included previous backer Benchmark and angel investors such as Salesforce Chairman and CEO Marc Benioff, Digital Sky Technologies founder Yuri Milner, Dropbox co-founder and CEO Drew Houston, Yelp co-founder and CEO Jeremy Stoppelman, Zenefits COO David Sacks, Riot Games co-founder and CEO Brandon Beck and Berggruen Holdings Chairman Nicolas Berggruen. HackerOne's web-based software is designed to help clients run their own vulnerability management and bug bounty programs, allowing them to fix issues before attackers have a chance to exploit them. "Fulfilling the promise of a safer Internet requires a fundamentally new approach to vulnerability management," said Merijn Terheggen, the company's co-founder and CEO. The company currently has more than 250 clients, including Yahoo, Slack, LinkedIn, Square and Twitter. Jon Sakoda, general partner at NEA, has joined HackerOne's board of directors. 

o San Francisco-Based VenueNext Lands $9 Million in First Round

San Francisco -- VenueNext, the San Francisco-based developer of a business platform for venue owners and smartphone apps for guests, said on Wednesday it has landed $9 million in its first round of funding. Causeway Media Partners led the round, which also included participation from Live Nation Entertainment, Twitter Ventures and Aruba Networks. Mark Wan, managing partner at Causeway, will join the company's board of directors. VenueNext's technology debuted during the San Francisco 49ers' first season at Levi's Stadium. The platform is designed to tie together isolated venue systems such as location services, ticketing, points of sale and concessionaire services, helping venue operators make real-time decisions. The company's apps then connect guests to amenities such as mobile ticketing, way finding and in-seat food, drinks and merchandise delivery. "The market is ready for what we are offering, and we will use the funds to expand the team and deploy our proven approach to unifying systems at over 30 different types of venues alone in 2015," said founder and CEO John Paul. 

o Menlo Park-Based Deliv Acquires Chicago-Based WeDeliver

Menlo Park, Calif. -- Deliv, the Menlo Park-based developer of a same-day delivery service that leverages a crowdsourced community of drivers, said on Wednesday it has acquired WeDeliver, a Chicago-based delivery service that powers same-day delivery for local merchants. Financial terms of the deal were not disclosed. Deliv, which currently operates in eight markets -- including San Francisco and San Jose -- said the acquisition will help fuel its national expansion. Launched in early 2013, WeDeliver provides same-day delivery services for more than 100 merchants in the Chicago area.

o Report: IPO Activity Picking Up Following Slow Start to Year

New York -- This is shaping up to be the biggest week for initial public offerings (IPOs) in 11 years, with 18 IPOs scheduled to price this week -- the most since 2004 -- according to a new report from Ernst & Young. Following a slow first quarter, the latest activity continues a trend that saw U.S. IPO activity pick up steam in the second quarter. All told, 66 deals generated $13.7 billion in proceeds for the quarter, an 89% increase in deals and 125% increase in capital raised over the prior quarter. Despite the jump, the total number of deals and proceeds in the first half of 2015 was significantly lower than in 2014 -- the busiest IPO year since 2000. "We see that companies are carefully evaluating their options for growth, as well as the possibilities to deliver a greater return to their shareholders," said Jackie Kelley, partner and global and Americas IPO markets leader at EY. "Multi-track strategies have become increasingly prominent, as companies have their choice between an IPO, M&A and private capital. In particular, we've seen a growing appetite for -- and availability of -- private financing, which has significantly impacted the flow of IPOs this year, as companies have been able to remain private longer." 

o IT and Engineering Jobs Continue Tepid Pace of Growth in May

Alexandria, Va. -- IT and engineering employment continued their tepid pace of growth in May, according to new figures from the TechServe Alliance, a national trade association for the IT and engineering staffing industry. The number of IT jobs grew 0.3% sequentially last month to 4.9 million, while engineering jobs grew by just 0.1% to 2.5 million. "While demand for IT talent remains strong, an inadequate supply of IT professionals in high-demand skill sets is restricting the rate of growth," said Mark Roberts, CEO of the TechServe Alliance. "There are simply too few U.S. students pursuing careers in IT coupled with restrictive immigration policies that are inadequate to meet the needs of U.S. businesses."
ReleaseJune2015.pdf (PDF)

o Briefly Noted:

(Mountain View, Calif.) Mountain View-based MobileIron, a developer of enterprise mobility management tools that topped last year's Deloitte Technology Fast 500 rankings, on Wednesday named Matt Bennett as its vice president of sales for the Asia Pacific region and Japan. Bennett most recently served as the vice president for Asia Pacific and Japan at Zscaler, and previously spent nine years in a variety of roles at Blue Coat Systems. 

(San Francisco) San Francisco-based GI Partners, a middle market private equity firm, said on Wednesday it has completed its acquisition of Ohio-based MRI Software, a developer of real estate property and investment management software. Financial terms of the deal, first announced earlier this month, were not disclosed. 

(San Francisco) San Francisco-based Anaplan, developer of a planning platform for sales, operations, finance and HR, on Wednesday named former Ariba CEO Bob Calderoni to its board of directors. Calderoni, currently a senior advisor to Silver Lake Partners, served as the chairman and CEO of Ariba from 2001 until its acquisition by SAP in 2012. 

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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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