Tuesday, December 1, 2015

Bay Area Tech Wire -- Dec. 1

BAY AREA TECH WIRE -- Dec. 1, 2015
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o San Francisco-Based Symic Raises $25 Million in New Funding
o Fujifilm Acquires Castroville-Based Ultra Pure Solutions
o Redwood City-Based Tactile Lands Investment from WebEx Co-Founder
MobileIron Settles Patent Litigation with Good Technology
o Walmart.com Says Nearly Half of Orders Coming from Mobile Devices
Briefly Noted:
Dicom Systems, Flex Logix Technologies,
3Q Digital, Mellanox Technologies


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o San Francisco-Based Symic Raises $25 Million in New Funding

San Francisco -- Symic, a San Francisco-based biotherapeutics company developing drugs targeting the extracellular matrix (ECM), said on Tuesday it has raised $25 million in a new round of funding, led by Lilly Ventures. All of the company's previous major investors, as well as several new investors, also took part in the round. The company, which now has raised more than $43 million since its founding in 2012, said it will use the latest proceeds to advance its pipeline of potential drugs. Its current candidates include a treatment for the reduction of acute inflammation resulting from the vascular injury following angioplasty in patients with peripheral artery disease, as well as a treatment for osteoarthritis. "We are now well capitalized to move our vascular and osteoarthritis programs through Phase 1/2 studies in the clinic and to continue the exciting research on what our next clinical program will be," said CEO Ken Horne.

Fujifilm Acquires Castroville-Based Ultra Pure Solutions

Castroville, Calif. -- Fujifilm Electronic Materials, a Rhode Island-based provider of electronic materials for use in semiconductor fabrication, said on Tuesday it has acquired Castroville-based Ultra Pure Solutions, a maker of high-purity solvents used in semiconductor-related manufacturing processes. Financial terms of the deal were not disclosed. Ultra Pure will become a unit of Fujifilm. Brian O'Donnelly, the president and CEO,
Fujifilm Electronic Materials, said the acquisition will help develop the company's materials business and "reinforce Fujifilm's strategy of broadening our product offerings."

o Redwood City-Based Tactile Lands Investment from WebEx Co-Founder

Redwood City, Calif. -- Tactile, a Redwood City-based developer of mobile sales productivity tools, said on Tuesday it has landed a new investment from Subrah Iyar, the co-founder and former CEO of WebEx. Financial terms of the deal were not disclosed. Iyar also will becoming a board observer and strategic advisory to the board of directors. Iyar, who led WebEx to a $3.2 billion acquisition by Cisco Systems in 2007, joins existing investors Accel Partners and Redpoint Ventures. Tactile said it will use the proceeds to help fuel growth and product development activities.

o MobileIron Settles Patent Litigation with Good Technology

Mountain View, Calif. -- MobileIron, a Mountain View-based developer of mobile enterprise security tools, said on Tuesday it has settled its patent litigation with Sunnyvale-based-based Good Technology, a maker of mobility tools that allow employees to connect to corporate networks using their personal mobile devices. The settlement includes a license agreement between the companies and a mutual dismissal of claims. Specific terms were not disclosed. BlackBerry, which recently completed its acquisition of Good, was not involved in the litigation or settlement. The settlement comes four months after a jury in the Northern District of California denied all claims made on both sides in the case. The companies had three additional patent trials scheduled, including one set to begin later this month in the U.K.

o Walmart.com Says Nearly Half of Orders Coming from Mobile Devices

San Bruno, Calif. -- Walmart.com, the San Bruno-based e-commerce arm of the retail giant, said on Tuesday that nearly half of its orders since Thanksgiving have been placed through mobile devices. That's approximately twice as many as a year ago during the same period. "Our customers went from previously mostly searching and browsing on mobile, to making purchases at a much higher rate," said Fernando Madeira, the president and CEO of Walmart.com. All told, Madeira said that mobile is making up approximately 70% of traffic on the site.

o Briefly Noted:

(Campbell, Calif.) Campbell-based healthcare IT company Dicom Systems on Tuesday named Florent Saint-Clair as an executive vice president. Florent most recently served as the vice president of corporate development at DR Systems.

(Mountain View, Calif.) Mountain View-based Flex Logix Technologies, a developer of semiconductor technology that recently raised $7.4 million in a new round of funding, on Tuesday named Abhijit Abhyankar as its vice president of silicon engineering. Abhyankar previously held silicon and system design roles at Rambus and LTX.

(San Francisco) San Francisco-based digital marketing agency 3Q Digital on Tuesday named Mason Garrity as its vice president of strategy, Aaron Bart as its vice president of creative and Feliks Malts as its vice president of analytics. Garrity previously co-founded Noosphere Marketing, Bart was the director of creative services at iProspect and Malts was the group director of analytics with R/GA.

(Sunnyvale, Calif.) Sunnyvale-based Mellanox Technologies, a supplier of interconnect products for data center servers and storage systems, said on Tuesday it has promoted Freddy Gabbay to vice president of software. Gabbay had served as the company's senior director of engineering from since late 2013.

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