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BAY AREA TECH WIRE -- July 17, 2015
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Mid-Atlantic Marketing Summit Baltimore - Sept. 30
http://www.mamsummit.com
o Palo Alto-Based Ooma Raises $65 Million in IPO, Stock Falls 15%
o Bay Area VC Investments Hit Highest Level in 15 Years
o Mountain View-Based Synopsys Acquires Technology from Silicon Vision
o Forecast: Defense Department IT Spending Healthy Through 2019
o IT and Engineering Job Growth Remains Steady but Sluggish in June
o Briefly Noted: Malwarebytes, Green Charge Networks
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> Job/Event/Marketplace Classified Listings (Full Listings Below Stories)
--Production Control – Electronics Manufacturing Services (Boston)
--Mid-Atlantic Marketing Summit Baltimore - Sept. 19, 2014 - Baltimore
Ad Descriptions Below Briefly Noted Section
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o Palo Alto-Based Ooma Raises $65 Million in IPO, Stock Falls 15%
Palo Alto, Calif. -- Shares of Palo Alto-based Ooma fell nearly 15% by midday Friday in their first day of trading, hours after the developer of a cloud-based telephony platform raised $65 million in its scale-back initial public offering (IPO). The company late Thursday priced 5 million shares at $13 each -- well below earlier estimates of $16-$18. The stock began trading Friday on the New York Stock Exchange under the symbol "OOMA." Credit Suisse Securities, BofA Merrill Lynch and JMP Securities are serving as lead underwriters. Founded in 2004, Ooma currently counts approximately 678,000 core users. The company generated $72.2 million last fiscal year, with a net loss of $6.4 million.
http://www.ooma.com
http://www.ooma.com/ooma-announces-pricing-of-initial-public-offering-2/
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o Bay Area VC Investments Hit Highest Level in 15 Years
San Francisco -- Venture capital investments in Bay Area companies hit their highest level in 15 years during the second quarter, according to the latest MoneyTree Report from PricewaterhouseCoopers (PwC) and the National Venture Capital Association (NVCA). All told, investors sank $9.1 billion into the area last quarter, up 33% from the first quarter and 14% from the same period in 2014. It marked the highest amount of VC investment in Bay Area companies since the second quarter of 2000, and was part of a similar trend nationwide. All told, VC investment in U.S. companies increased 30% in terms of dollars, marking the sixth straight quarter of more than $10 billion of venture capital. "Given the current pace of investing, VC in 2015 is on track to well exceed the $50 billion invested in all of 2014," said Tom Ciccolella, the U.S. venture capital leader at PwC.
http://nvca.org/pressreleases/venture-capital-investing-exceeds-17-billion-for-the-first-time-since-q4-2000-according-to-the-moneytree-report/
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o Mountain View-Based Synopsys Acquires Technology from Silicon Vision
Mountain View, Calif. -- Synopsys, a Mountain View-based developer of electronic design automation (EDA) and semiconductor technology, said it has acquired Bluetooth Smart technology from Egypt-based Silicon Vision. Financial terms of the deal were not disclosed. The company said the acquisition will help it address the growing requirements for wireless connectivity in low-power system-on-chips (SoCs) for a range of Internet of Things (IoT) applications, such as wearables, beacons, portable health, smart home, industrial and wireless sensor networks. "With the emergence of IoT devices, designers are faced with the additional challenges of adding wireless connectivity and security to their SoCs," said Joachim Kunkel, executive vice president and general manager of Synopsys' Solutions Group. "We are expanding our portfolio to include the wireless interfaces that are essential for IoT designs with [this] acquisition." The company in June also acquired Elliptic Technologies, a provider of security IP cores and software for mobile, automotive, digital home, Internet of Things (IoT) and cloud computing applications.
http://www.synopsys.com
http://www.synopsys.com/Company/PressRoom/Pages/default.aspx
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o Forecast: Defense Department IT Spending Healthy Through 2019
Framingham, Mass. -- Defense Department IT spending is expected to remain relatively strong through 2019, according to a new forecast by IDC Government Insights. Though spending has decreased more than 14% over the past three years, fiscal 2016 ins on track to see a slight increase -- a trend that should continue for the next several years. "The increases show slightly more spending targeted to cloud solutions and more spending targeted to security improvements," said Shawn McCarthy, research director for IDC Government Insights. "This trend is expected to increase for the next few years." The complete report is available at the link below.
http://www.idc.com/getdoc.jsp?containerId=prUS25782215
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o IT and Engineering Job Growth Remains Steady but Sluggish in June
Alexandria, Va. -- The number of IT and engineering jobs in the U.S. inches upwards in June, according to new figures from the TechServe Alliance, a national trade association for the IT and engineering staffing industry. IT employment rose 0.3% to finish the month at 4.94 million, and now has grown by 4.4% since June 2014. The rate of engineering job growth rose less than 0.1% to 2.52 million, growing 0.7% iun the past year. "With the IT growth rate coming within a narrow range for the last 10 months, it seems we have fallen into a pattern of modest but consistent growth," said Mark Roberts, CEO of the TechServe Alliance.. "Though demand has not abated, an inadequate supply of IT professionals in high-demand skill sets continues to be a major factor in restricting the rate of growth."
http://www.techservealliance.org/pressroom/documents/IndexReleaseJuly2015.pdf (PDF)
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> Mid-Atlantic Marketing Summit Baltimore - Sept. 30, 2015 - Baltimore
Leading marketers, technologists and agency professionals from throughout the region come together at this annual event to discuss major marketing, social, digital and advertising trends, along with dozens of case studies, presentations and keynotes. Now in its third year and co-produced by Potomac Tech Wire, this summit is becoming a "must attend" event for the region's marketing community
For more information: www.mamsummit.com
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o Briefly Noted:
(San Jose, Calif.) San Jose-based Malwarebytes, a developer of software designed to protect users against malicious online threats, said it has acquired AdwareMedic. Creator and owner Thomas Reed will join the company as its director of Mac offerings, leading a growing team of Mac developers and researchers. The company also has announced the release of Malwarebytes Anti-Malware for Mac, its first product dedicated to the Mac user communities.
https://press.malwarebytes.org/2015/07/15/malwarebytes-releases-mac-product-and-acquires-adwaremedic-giving-mac-users-malware-detection-and-removal-capabilities/
(Santa Clara, Calif.) Santa Clara-based Green Charge Networks, a developer of intelligent energy storage products, on Friday named Mark Triplett as its COO, overseeing the company's sales, marketing and operations. Triplett most recently served as a managing director at Alstom Grid, and previously was the president and COO of UISOL Software. Green Charge also announced the opening of its satellite office in San Diego.
http://greencharge.net/green-charge-networks-names-mark-triplett-coo-leading-energy-storage-provider-opens-satellite-office-in-san-diego/
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> Production Control -- Electronics Manufacturing Services (Boston)
Adcotron, an Electronics Manufacturing Services company, is seeking a Production Control. Primary functions include capacity planning, production scheduling, evaluating and monitoring materials status and inflow in supporting production requirements. Monitoring daily production activities and achieving revenue goals set by management team. Ideal candidate must be organized and analytical with excellent interpersonal skills. Require 3-5 years experience in capacity/production planning. Electronics manufacturing services experience is a plus. Must have obtained bachelor’s degree. Benefit package includes health, dental, and reimbursed parking. To apply, please email resume&salary requirement w/ subject “NewEnglandTechwire-Production Control" Please resumes to hr@adcotron.com.
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> Mid-Atlantic Marketing Summit Baltimore - Sept. 30, 2015 - Baltimore
Leading marketers, technologists and agency professionals from throughout the region come together at this annual event to discuss major marketing, social, digital and advertising trends, along with dozens of case studies, presentations and keynotes. Now in its third year and co-produced by Potomac Tech Wire, this summit is becoming a "must attend" event for the region's marketing community For more information: www.mamsummit.com
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