Monday, July 6, 2015

Bay Area Tech Wire -- July 6

BAY AREA TECH WIRE -- July 6, 2015
To subscribe:

San Jose-Based PayPal to Acquire San Francisco-Based Xoom
Oakland-Based Pandora Acquires Next Big Sound
Renée James to Step Down as President of Santa Clara-Based Intel
o Milpitas-Based NextInput Raises $1.5 Million in New Funding Round
Fremont-Based Procera Networks Names Lyndon Cantor as New CEO
Briefly Noted:
ThreatStream, YuMe, Presto Engineering

> Job/Event/Marketplace Classified Listings (Full Listings Below Stories)

--Production Control – Electronics Manufacturing Services (Boston)

Ad Descriptions Below Briefly Noted Section
Post Job/Event/Marketplace ad:

o San Jose-Based PayPal to Acquire San Francisco-Based Xoom

San Jose, Calif. -- PayPal, the San Jose-based payment technology giant currently in the process of separating from eBay, said it will acquire San Francisco-based Xoom, a provider of international digital money transfer services, in a deal valued at $890 million. eBay will pay $25 a share in cash. Upon closing of the deal, expected by year's end, Xoom will operate as a separate service within PayPal. Xoom's services allow users in 37 countries to send money, pay bills and send mobile reloads through their mobile phone, tablet or computer. During the 12 months ended March 31, the company's more than 1.3 million active customers sent approximately $7.0 billion in key markets such as Mexico, India, the Philippines, China and Brazil. "Expanding into international money transfer and remittances aligns with our strategic vision to democratize the movement and management of money," said Dan Schulman, the president of PayPal. "Acquiring Xoom allows PayPal to offer a broader range of services to our global customer base, increase customer engagement and enter an important and growing adjacent marketplace."

o Oakland-Based Pandora Acquires Next Big Sound

Oakland -- Pandora, the Oakland-based Internet radio service, said it has acquired New York-based online music analytics provider Next Big Sound. Financial terms of the deal were not disclosed. Pandora said the acquisition gives it an analytics tool used by tens of thousands of music makers, labels and marketers looking for data and insights about artists and their fans. The technology will bolster the company's Artist Marketing Platform (AMP), which lets every musician on Pandora view their entire audience and listening history on the service. "Whether it's introducing a new song, promoting a local show, measuring the impact of a campaign, identifying high potential artists or simply building a fan club, Pandora AMP will be able to solve all the intractable problems that have plagued working artists for decades," wrote founder Tim Westergren in a blog post. 

o Renée James to Step Down as President of Santa Clara-Based Intel

Santa Clara, Calif. -- Renée James will step down as the president of Santa Clara-based chipmaker Intel in January, the company said in a note to employees. James, who lost year was ranked No. 21 on Fortune's Most Powerful Women in Business list, is departing to become the CEO of another company. She has been at Intel in various executive roles for more than 25 years. In addition, the company announced that Arvind Sodhani will retire in January as the president of Intel Capital, replaced by Wendell Brooks, the company's president of mergers and acquisitions. And on July 1, the Intel Security organization -- formerly the independent McAfee division -- was formally integrated into Intel's operations under the leadership of general manager Chris Young. (PDF)

o Milpitas-Based NextInput Raises $1.5 Million in New Funding Round

Milpitas, Calif. -- NextInput, a Milpitas-based developer of force-sensing technology for touch-enabled devices, said it has raised $1.5 million in a new round of funding. Investors included Intel Capital, Takata Holdings, Steve Nasiri and the Band of Angels. The company, which now has raised $3 million since its inception, plans to use the funds to commercialize its ForceTouch MEMS-based force sensing technology, which will go into mass production during the third quarter. It also plans to pursue strategic opportunities with Intel in consumer electronics. 

o Fremont-Based Procera Networks Names Lyndon Cantor as New CEO

Fremont, Calif. -- Procera Networks, a Fremont-based developer of Internet intelligence tools designed to help network operators improve broadband performance, has named Lyndon Cantor as its new CEO. Cantor, most recently the president of Tektronix Communications, succeeds Jim Brear, who has departed the company. The move follows Procera's recent $240 million acquisition by San Francisco-based private equity firm Francisco Partners, which took the company private. "Lyn joins Procera with a rich understanding of the company's markets, technologies and product offering," said Andrew Kowal, a partner at Francisco. "He is a strong addition to the leadership team as Procera enters this next chapter in its strategic development." 

o Briefly Noted:

(Redwood City, Calif.) Redwood City-based ThreatStream, developer of a threat intelligence platform, has named Nancy Bush as its CFO. Bush most recently served as the vice president of finance at Adaptive Insights, and previously was the acting CFO and vice president of finance at Fortinet and vice president of finance at ArcSight. 

(Redwood City, Calif.) Redwood City-based YuMe, a developer of digital video brand advertising tools, on Monday named Craig Forman to its board of directors. Forman is a private investor and entrepreneur; a former media, technology and telecom executive and former Wall Street Journal bureau chief and foreign correspondent. He has held senior executive roles with EarthLink, Yahoo, Time Warner, Infoseek and Dow Jones, most recently as president of EarthLink's consumer access and audience business. 

(San Jose, Calif.) San Jose-based Presto Engineering, a provider of semiconductor engineering and backend turnkey industrialization and production services, said it has opened a new facility in France. The facility, to be known as the Meyreuil Provence Hub (MPH), will provide chip industrialization and supply chain management services for the communications, automotive and Internet of Things (IoT) markets. 

Job/Event/Marketplace Listings:
To Post in Job/Event/Marketplace:
7,000 Readers: 5 day ad: $120--10 day ad: $175--20 day ad: $300

> 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


> Don't Miss - Bay Area Tech Wire Advertising

Post jobs, events, webinars, whitepapers or service ads on Bay Area Tech Wire and grow your business. Reach more than 7,000 business and technology professionals from the Bay Area.

Subscribe to other newsletters from Tech Wire Media Group:

Potomac Tech Wire:
Bay Area Tech Wire:
New England Tech Wire:

Advertising: If you are interested in advertising in our newsletters, call
Paul Sherman at 1-301-656-0057 x1103 or send email to

News tips, press releases. Send email to:

Tech Wire Mailing Address:
325 Pennsylvania Ave. SE
Suite 250
Washington, DC 20003

Copyright: CapWire Inc. 2015


To unsubscribe/change profile: click here

To subscribe: click here

No comments:

Post a Comment