Tuesday, December 8, 2015

Bay Area Tech Wire -- Dec. 8

BAY AREA TECH WIRE -- Dec. 8, 2015
To subscribe: www.bayareatechwire.com

o San Mateo-Based Platfora Raises $30 Million in New Funding Round
San Jose-Based Fairchild Received Unsolicited Takeover Bid
o San Francisco-Based One Medical Group Raises $65 Million
Sunnyvale's Spirent Communications Acquires Epitiro
o Survey: People Want More Digital Services from State Governments
Briefly Noted:
Coupa Software, Align Commerce, Mellanox Technologies

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

--Commercial Writing Services for Technology Businesses

Ad Descriptions Below Briefly Noted Section
Post Job/Event/Marketplace ad: http://www.bayareatechwire.com

o San Mateo-Based Platfora Raises $30 Million in New Funding Round

San Mateo, Calif. -- Platfora, the San Mateo-based developer of a platform designed to let users visually interact with petabyte-scale data, said on Tuesday it has raised $30 million in a new round of growth-stage financing. New investors HSBC and Harmony Partners joined previous backers Allegis Capital, Andreessen Horowitz, Battery Ventures, Citi Ventures, Cisco, Sutter Hill Ventures and Tenaya Capital in the round, which increases the company's total funding to $95 million. Platfora's big data discovery platform combines tools like analytics, business intelligence, data visualization, data preparation and in-memory acceleration to help companies significantly reduce project completion times. The company has added clients such as AutoTrader, Citi, Coupons.com, Disney, Edmunds.com, Kelley Blue Book, Karma, Opower, Riot Games, Sears, TiVo and Vivint over the past year. The news comes four months after Platfora named Jason Zintak as its new CEO, succeeding founder Ben Werther, who remains executive chairman.

o San Jose-Based Fairchild Received Unsolicited Takeover Bid

San Jose, Calif. -- Weeks after entering into a merger agreement with a unit of ON Semiconductor, San Jose-based Fairchild Semiconductor, a supplier of power semiconductor products, said on Tuesday it has received a higher, though unsolicited, bid. The company said it has received an offer of $21.70 a share in cash from an undisclosed suitor. Its current deal with ON, announced last month, is for $20 a share in cash. "Fairchild's board of directors, in consultation with its legal and financial advisors, will carefully review and consider the proposal," the company said in a statement.

o San Francisco-Based One Medical Group Raises $65 Million

San Francisco -- One Medical Group, the San Francisco-based operator of a primary care physician group that relies heavily on technology such as virtual care through mobile devices, said on Tuesday it has raised $65 million in a new round of funding. J.P. Morgan Asset Management led the round, which the company will use to fuel market expansion. One medical currently operates in Boston, Chicago, Los Angeles, New York, Phoenix, San Francisco and Washington, DC, counting Adobe, Airbnb, GoDaddy, Lyft, Percolate and the Arizona Diamondbacks among its clients. The company, which is affiliated with healthcare technology firm 1Life Healthcare, also said it plans to bolster its enterprise technology and mobile platform. Its digital services already include same-day appointment booking, prescription renewals, messaging and digital dermatology.

o Sunnyvale's Spirent Communications Acquires Epitiro

Sunnyvale, Calif. -- Spirent Communications, a U.K.-based developer of verification, assessment, analytics and device intelligence software, with operations headquarters in Sunnyvale, said on Tuesday it has acquired U.K.-based Epitiro, maker of a Wi-Fi experience monitoring platform. Financial terms of the deal were not disclosed. Epitiro's web-based platform provides continuous visibility of users' Wi-Fi experiences by performing tests that emulate realistic user activities. "With this acquisition, we're building on the success of our strategic partnership with Epitiro and see an exciting opportunity to improve the visibility of Wi-Fi experience for many more service providers and enterprises worldwide," said Des Owens, Spirent's general manager of service assurance.

o Survey: People Want More Digital Services from State Governments

Arlington, Va. -- U.S. citizens want greater digital interaction and increased access to services than what is currently being provided by state governments, according to a new report from Accenture. Only one in four adults surveyed said they were satisfied with current digital offerings, while 28% said they were dissatisfied. In addition, 86% said they would like to at least maintain and hopefully increase their digital interactions, and 92% said improved digital services would positively impact their view of government. More than half of respondents said the biggest obstacle is simply not knowing what services can be accessed online or through a mobile app. "The good news for state and local governments is that the survey showed there is a strong unmet demand for the basics -- a high-quality digital experience, one that is well organized, secure, easy to navigate and contains clear content," said Steve Hurst, who leads the company's Health & Public Service digital practice. "Something as simple as making it easy to pay a parking ticket online or using social media for emergency notifications will go a long way to increase citizen satisfaction."

o Briefly Noted:

(San Mateo, Calif.) San Mateo-based Coupa Software, a developer of cloud-based spend management tools, on Tuesday named Ray Martinelli as its executive vice president of people, overseeing the company's global human resource operations. Martinelli most recently was the chief people officer at Alfresco Software.

(San Francisco) San Francisco-based Align Commerce, a developer of cross-border payments technology that allows businesses to pay and get paid in their local currency, on Tuesday named Jay Hansen as its compliance officer and general counsel. Hansen most recently served as assistant general counsel and compliance officer for the payments and commerce division of Intuit.

(Sunnyvale, Calif.) Sunnyvale-based Mellanox Technologies, a supplier of interconnect products for data center servers and storage systems, on Tuesday named Shai Cohen to its board of directors. Cohen, a co-founder of Mellanox, had served as the company's COO before retiring in April.

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

> Commercial Writing Services for Technology Businesses

A seasoned technology industry writer and editor based in Maryland available on a project basis for all types of content, including online newsletters, promotional e-mail campaigns, blogs, websites, Wikipedia articles, and printed marketing materials. Offering responsive service and reasonable rates. For more information please visit www.raywriter.com or call 410-867-8663.


> 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. http://www.bayareatechwire.com/

Subscribe to other newsletters from Tech Wire Media Group:

Potomac Tech Wire: http://www.potomactechwire.com
Bay Area Tech Wire: http://www.bayareatechwire.com
New England Tech Wire: http://www.newenglandtechwire.com

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

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