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BAY AREA TECH WIRE -- Dec. 17, 2015
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o San Mateo-Based Full Circle Insights Raises $4.7M in Second Round
o San Francisco-Based Slack Launches $80 Million Fund for Developers
o Cupertino-Based Apple Promotes Jeff Williams to COO
o Mountain View-Based Mozilla Names Eric Rescorla as Fellow
o Following Record Year, Global IPO Activity Declines in 2015
o Briefly Noted: 6sense, Talend, HackerRank
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o San Mateo-Based Full Circle Insights Raises $4.7M in Second Round
San Mateo, Calif. -- Full Circle Insights, a San Mateo-based developer of marketing performance management tools, said on Thursday it has raised $4.7 million in its second round of funding, led by Aligned Partners. Salesforce Ventures also took part in the round, which the company will use to expand its sales and marketing activities and develop new products and services. Full Circle's cloud-based tools, built on the Salesforce App Cloud, aim to provide deeper insights into marketing and sales performance, while eliminating data silos. The company, formerly known as Full Circle CRM, recently hired Ellen Luttrell as its chief marketing officer (CMO).
http://www.fullcircleinsights.com
http://www.prnewswire.com/news-releases/full-circle-insights-closes-series-b-funding-to-expand-reach-of-next-generation-marketing-performance-management-solutions-300194203.html
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o San Francisco-Based Slack Launches $80 Million Fund for Developers
San Francisco -- Slack, the San Francisco-based developer of a messaging app for teams, said it has launched a new $80 million fund to back developers building apps that interact with its platform. Six of Slack's investors -- Accel, Andreessen-Horowitz, Index Ventures, KPCB, Spark and Social Capital -- also took part in the fund. "If you're a developer or small company deciding whether to make a bet on the Slack platform, the Slack Fund is a new source of support to help you get started building apps," the company said in a blog post. "The Slack Fund will fund both `Slack-first' apps as well as B2B and enterprise tools that make Slack integrations a core part of their offering."
http://slackhq.com/
http://slackhq.com/post/134878632730/launch-platform
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o Cupertino-Based Apple Promotes Jeff Williams to COO
Cupertino, Calif. -- Apple on Thursday announced several key executive moves, naming Jeff Williams as its chief operating officer (COO) and Johny Srouji as its senior vice president of hardware technologies. In addition, Phil Schiller, the company's senior vice president of worldwide marketing, will expand his role to include leadership of the App Store across all Apple platforms. And the company also said that Tor Myhren will become its vice president of marketing communications during the first quarter. The biggest promotion, however, belonged to Williams, who joined the company in 1998 as head of worldwide procurement and in 2004 he was named vice president of operations. Since 2010, he has overseen Apple's entire supply chain, service and support, as well as social responsibility initiatives designed to protect workers. He played a key role in Apple's entry into the mobile phone market with the launch of iPhone, and continues to supervise development of the company's first wearable product, the Apple Watch. "Jeff is hands-down the best operations executive I've ever worked with," said CEO Tim Cook. Complete bios on each are available at the link below.
http://www.apple.com/pr
http://www.apple.com/pr/library/2015/12/17Apple-Names-Jeff-Williams-Chief-Operating-Officer.html
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o Mountain View-Based Mozilla Names Eric Rescorla as Fellow
Mountain View, Calif. -- Mozilla, the Mountain View-based software community best known for its Firefox web browser, has named Eric Rescorla as a Mozilla Fellow, a vice-president level role created to recognize top technical leadership. Mozilla said the title constitutes its most senior engineering position. "Eric will provide key technical expertise and representation for engineering broadly in all aspects of company decision making," wrote David Bryant, Mozilla's interim CTO, in a blog post. Rescorla has been a part of the organization's technical team since 2013.
https://blog.mozilla.org/blog/2015/12/16/announcing-mozilla-fellow-eric-rescorla/
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o Following Record Year, Global IPO Activity Declines in 2015
London -- After last year's record-breaking level of activity, the volume of global initial public offering (IPOs) in 2015 fell by 2% and total capital raised by 25%, according to a new report by tax and advisory giant EY. All told, 1,218 IPOs raised $195.5 billion this year. Despite falling short of 2014's figures, however, the numbers are in line with the 10-year global average. In the U.S., technology IPOs raised only $8.1 billion, compared with an estimated $20 billion through private offerings in the first six months of 2015 alone. "IPOs generally take at least two years to plan, but access to private capital is much quicker, enabling companies that need to scale rapidly the chance to lock-in the funding they need to generate competitive advantage sooner," said Maria Pinelli, EY's global vice chair of strategic growth markets. "With private investors prepared to invest greater amounts and at a later stage, we are seeing a structural shift in the market with multitrack fundraising strategies here to stay." As a result, Pinelli said the balance may shift in favor of a new kind of IPO, in which bigger, more stable businesses come to the public markets later in their life cycle to not only gain funding, but also heighten their brand profile and gain access to new markets. The complete report is at the link below.
http://www.ey.com/GL/en/Newsroom/News-releases/news-ey-ipos-hold-their-own-amidst-pressure-from-alternative-funding-and-global-volatility
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o Briefly Noted:
(San Francisco) San Francisco-based 6sense, developer of a predictive intelligence platform for enterprise B2B marketing and sales, on Thursday named Christine Heckart to its board of directors. Heckart currently serves as the chief marketing officer (CMO) of Brocade Communications Systems.
https://6sense.com
http://www.prnewswire.com/news-releases/6sense-appoints-brocade-cmo-christine-heckart-to-board-of-directors-300194286.html
(Redwood City, Calif.) Redwood City-based Talend, a developer of big data integration software, on Thursday named Michael Pickett to the newly created position of vice president of business development and partner ecosystems. Pickett previously held alliances management positions at Tibco Software, Mercury Interactive and, most recently, Informatica.
http://www.talend.com/about-us/news
(Palo Alto, Calif.) Palo Alto-based HackerRank, developer of a platform that ranks the world's programmers based on their skill, on Thursday named David Park as its vice president of products and growth. Park most recently led Facebook's Notification team. HackerRank is a technical talent platform used by software developers to hone their coding skills, compete in engineering challenges and ultimately find jobs.
https://www.hackerrank.com/
http://www.prnewswire.com/news-releases/hackerrank-hires-david-park-as-vp-of-product-300194283.html
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