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BAY AREA TECH WIRE -- Dec. 3, 2015
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o San Jose-Based Polycom to Eliminate 11% of Workforce
o Kahuna Relocates from Palo Alto to Larger Offices in Redwood Shores
o Palo Alto-Based Soundtrap Raises $1.5 Million in New Funding
o EFF Accuses Google of Deceptively Tracking Students' Web Browsing
o Penn Foster Acquires Platform from San Francisco-Based UniversityNow
o Briefly Noted: KaloBios Pharmaceuticals, Robin Systems
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o San Jose-Based Polycom to Eliminate 11% of Workforce
San Jose, Calif. -- Polycom, the San Jose-based developer of video, voice and content collaboration tools, said on Thursday it plans to eliminate 11% of its global workforce, or just under 400 employees. The company also said it will reduce or eliminate certain leased facilities. "These actions are part of our efforts to continue to improve our profitability… by strategically investing in more accretive areas of the business and further leveraging our outsource partners," the company said in a regulatory filing. As a result of the move, Polycom will take a charges of between $22-$25 million through the fourth quarter of 2016.
http://www.polycom.com/
http://www.sec.gov/Archives/edgar/data/1010552/000119312515393770/d41624d8k.htm
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o Kahuna Relocates from Palo Alto to Larger Offices in Redwood Shores
Redwood Shores, Calif. -- Kahuna, developer of a communication automation platform designed to help brands better connect with customers through the web, email, mobile and social channels, said it has relocated its headquarters from Palo Alto to a larger facility in Redwood Shores. The company, which in August raised $45 million in its second round of funding, said it now occupies a 42,000 square-foot office located at the former Dreamworks space. Kahuna said the move will help support its expansion, while keeping it in the heart of Silicon Valley. "Our new HQ will not only enable us to grow the staff we need, but also build out space for customer education and public events," said CMO Julie Ginches.
https://www.kahuna.com/
http://www.businesswire.com/news/home/20151202006248/en/Kahuna-Move-Company-Grows-Revenue-400-Opens
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o Palo Alto-Based Soundtrap Raises $1.5 Million in New Funding
Palo Alto, Calif. -- Soundtrap, the Palo Alto-based developer of an online music and audio recording studio, said on Thursday it has raised $1.5 million in a new round of funding. New investors include startup angel Magnus Bergman, an early investor in Truecaller and Prezi. He joins previous backer Lars Bergström. The company now has raised $2.5 million since its inception. A new rival to Apple's Garageband, Soundtrap allows users to collaborate through a multitude of devices, including iPads, Android devices, Chromebooks, and Mac and Windows platforms. The company released its beta product at the end of 2013, followed by the official version in June.
http://www.soundtrap.com
http://journal.soundtrap.com/wp-content/uploads/2015/06/Soundtrap-funding-press-release.pdf (PDF)
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o EFF Accuses Google of Deceptively Tracking Students' Web Browsing
San Francisco -- A new complaint filed with the Federal Trade Commission (FTC) alleges that Mountain View-based Google has collected and data mined the personal information of school children, including their Internet searches. Electronic Frontier Foundation (EFF) claims the company's actions violate the commitment it made under the Student Privacy Pledge, a legally enforceable document where it promised to refrain from collecting, using or sharing students' personal information, except when needed for legitimate educational purposes or if parents provide permission. "Despite publicly promising not to, Google mines students' browsing data and other information, and uses it for the company's own purposes," said Nate Cardozo, a staff attorney at the EFF. "Making such promises and failing to live up to them is a violation of FTC rules against unfair and deceptive business practices." Google told the EFF that it will soon disable a setting on school Chromebooks that allows Chrome Sync data, such as browsing history, to be shared with other Google services.
https://www.eff.org/press/releases/google-deceptively-tracks-students-internet-browsing-eff-says-complaint-federal-trade
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o Penn Foster Acquires Platform from San Francisco-Based UniversityNow
San Francisco -- Penn Foster Education Group, a Boston-based developer of learning platforms and educational content, said it has acquired a competency-based learning platform from San Francisco-based UniversityNow. Financial terms of the deal were not disclosed. The tool allows faculty and administrators to focus on helping students build career-ready skills through individualized instruction, self-paced learning and adaptive feedback. Until now, UniversityNow's platform has been used solely at Patten University, an affiliated institution. Penn Foster said it plans to license the platform for deployment to the 150,000 students working to earn diplomas, certificates and post-secondary degrees through educational and training programs.
http://www.pennfoster.edu/
http://www.prnewswire.com/news-releases/penn-foster-education-group-inc-acquires-competency-based-learning-platform-from-universitynow-300186800.html
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o Briefly Noted:
(South San Francisco) South San Francisco-based biopharmaceutical firm KaloBios Pharmaceuticals on Thursday named Patrick Crutcher as its head of business development, Chris Thorn as its interim CFO and Edward Painter as its head of communications and investor relations. All three also work for Turing Pharmaceuticals, where Crutcher is head of business development, Thorn is controller and Painter is head of communications and investor relations.
http://ir.kalobios.com/releasedetail.cfm?ReleaseID=945401
(Milpitas, Calif.) Milpitas-based Robin Systems, a developer of data-centric compute and storage containerization software, on Thursday named Partha Seetala as its chief technology officer (CTO) and Razi Sharir as its vice president of product management. Seetala most recently was the senior director of engineering at Veritas, while Sharir was a vice president at CA Technologies.
http://robinsystems.com/news/releases/2015-12-03-robin-systems-bolsters-executive-team-with-new-cto-and-vp-product-management.php
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