Monday, January 11, 2016

Bay Area Tech Wire -- Jan. 11

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BAY AREA TECH WIRE -- Jan. 11, 2016
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Job of the Day: Chief Technology Officer - City of Cupertino, CA


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South San Francisco-Based Iconic Therapeutics Raises $40 Million
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Santa Clara-Based Accelerite to Acquire Cloud Software from Citrix
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Milpitas-Based Heat Software Announces Retirement of CEO
o San Jose-Based Aquantia Names Mark Voll as as CFO
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Political Weekly "The Nation" Institutes Metered Paywall for Website
o Briefly Noted:
Glu Mobile, Golden Gate Capital
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--Chief Technology Officer - City of Cupertino, CA

--Digital Entertainment Expo - Feb. 9-11 - Los Angeles - 15% Off With Code "TW"

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o South San Francisco-Based Iconic Therapeutics Raises $40 Million

South San Francisco -- Iconic Therapeutics, a South San Francisco-based biopharmaceutical developing drugs for retinal disease and cancer, said on Monday it has raised $40 million in its third round of funding. New investors HBM Healthcare Investments, Cormorant Asset Management and Osage University Partners joined previous backers MPM Capital, H.I.G. Capital and Lundbeckfund Ventures in the round, which the company will use to continue product development and advance clinical trials. "In 2016 we expect to have Phase 2a data in macular degeneration and to initiate clinical development in ocular melanoma," said CEO William Greene. "Clearly, both our new and existing investors recognize the potential in macular degeneration for a novel disease modifying agent, and in cancer, the opportunity to treat the tumor, its vasculature and the microenvironment with a single targeted agent."
http://iconictherapeutics.com/ 
http://iconictherapeutics.com/wp-content/uploads/2015/04/Iconic-Therapeutics-Press-Release-011116-Series-C-closing.pdf (PDF) 
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o Santa Clara-Based Accelerite to Acquire Cloud Software from Citrix

Santa Clara, Calif. -- Accelerite, a Santa Clara-based developer of enterprise IT infrastructure software, said on Monday it will acquire the Citrix CloudPlatform and CloudPortal Business Manager lines of software. Financial terms of the deal, expected to close by the end of March, were not disclosed. CloudPlatform, powered by Apache CloudStack, is cloud computing software used to create, manage and deploy public and private cloud infrastructure services. CloudPortal Business Manager, meanwhile, enables cloud services automation for provisioning, billing, metering and user management. "The addition of CloudPlatform and CloudPortal Business Manager product lines will help round out our portfolio and enables us to offer complete end-to-end life cycle management for public and private clouds," said CEO Nara Rajagopalan.
http://www.accelerite.com
http://accelerite.com/company/release/accelerite-announces-agreement-to-acquire-citrix-cloudplatform 
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o Milpitas-Based Heat Software Announces Retirement of CEO

Milpitas, Calif. -- Heat Software, a Milpitas-based developer of service management and unified endpoint management software, said on Monday that Jonathan Temple has retired as its president and CEO. Owner Clearlake Capital has appointed John Ferron, who previously served as the company's executive chairman, as his successor. "As the founding CEO of Heat Software, Jonathan helped us create the business via the successful merger of FrontRange and Lumension back in February of 2015," said Prashant Mehrotra, a partner at Clearlake. "At that time, Jonathan indicated that he wanted to pursue other professional interests and in respect of that we have been planning for this transition ever since." Ferron remains the CEO of NetMotion Wireless, and previously was the president and CEO of Purple Communications.
http://www.heatsoftware.com 
http://www.businesswire.com/news/home/20160111005505/en/Clearlake-Capital-Backed-HEAT-Software-Announces-CEO 
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o San Jose-Based Aquantia Names Mark Voll as as CFO

San Jose, Calif. -- Aquantia, a San Jose-based maker of Ethernet connectivity tools used in cloud computing and large-scale data center deployments, on Monday named Mark Voll as its chief financial officer (CFO). Voll, who previously helped take two companies public, most recently served as the CFO of Montage Technology Group. The news comes three months after the company raised $37 million in a new round of funding.
http://www.aquantia.com 
http://www.aquantia.com/2016/01/11/aquantia-appoints-mark-voll-chief-financial-officer/ 
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o Political Weekly "The Nation" Institutes Metered Paywall for Website

New York -- The Nation, the 150-year-old, left-leaning weekly magazine focused on politics and culture, on Monday instituted a metered paywall on its website. The new system will allow non-subscribers to access six online articles in a 30-day period, then prompt them to subscribe at an introductory rate of $9.50 for six months. "Unlike most magazines that rely on advertising to pay their bills, The Nation depends upon the support of our readers and the generosity of our donors," wrote Richard Kim, the publication's executive editor. "But starting on January 11, 2016, we're changing to a different model of accessing all of our content online. We think this new metered system will better allow people to read and share our most important work during critical moments (after all, we're working to help build a movement here), while also asking our regular readers to chip in to support our journalism."
http://www.thenation.com/article/paying-for-journalism-that-matters/ 
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> Chief Technology Officer - City of Cupertino, California

The City of Cupertino, California is conducting a national search to recruit its first Chief Technology Officer. Recently reorganized to include Communications, IT, and GIS, the Information Services Department will be led by this department head position. The next Chief Technology Officer will lead a dedicated staff in a well-resourced community in the heart of Silicon Valley, with strong access to innovative technologies. The ideal candidate will be a change agent who is an excellent communicator that leads with a coaching/mentoring style. A Bachelor’s degree in Information Technology, Business Administration, or a related field is required, as is 5 years of directly related experience, including 3 years of supervisory level experience. Annual salary range is $148,908 - $181,908 plus an excellent benefit package including CalPERS retirement and excellent work schedule. Interested candidates should submit their cover letter, resume, and salary history via email to apply@ralphandersen.com. Apply by Friday, January 22, 2016. Confidential inquiries welcomed to Greg Nelson at (916) 630-4900 ext. 137. Brochure available at http://www.ralphandersen.com/jobs/chief-technology-officer-cupertino/


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Briefly Noted:

(San Francisco) San Francisco-based Glu Mobile, a developer and publisher of free-to-play games for smartphones and tablets, said on Monday it will repurchase up to $50 million in company stock under a new program. As of Sept. 30, the company had cash and cash equivalents of $182.3 million and approximately 131.3 million shares of stock outstanding.
http://phx.corporate-ir.net/phoenix.zhtml?c=207033&p=irol-newsArticle&ID=2128060 

(San Francisco) San Francisco-based private equity firm Golden Gate Capital on Monday named Bernhard Nann as an operating executive, working with the firm's software and technology services companies. Nann most recently served as the CEO of Opera Solutions, and earlier was the president of operations and technology and CTO of IRI.
http://www.goldengatecap.com/news/ 

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> Chief Technology Officer - City of Cupertino, California

The City of Cupertino, California is conducting a national search to recruit its first Chief Technology Officer. Recently reorganized to include Communications, IT, and GIS, the Information Services Department will be led by this department head position. The next Chief Technology Officer will lead a dedicated staff in a well-resourced community in the heart of Silicon Valley, with strong access to innovative technologies. The ideal candidate will be a change agent who is an excellent communicator that leads with a coaching/mentoring style. A Bachelor’s degree in Information Technology, Business Administration, or a related field is required, as is 5 years of directly related experience, including 3 years of supervisory level experience. Annual salary range is $148,908 - $181,908 plus an excellent benefit package including CalPERS retirement and excellent work schedule. Interested candidates should submit their cover letter, resume, and salary history via email to apply@ralphandersen.com. Apply by Friday, January 22, 2016. Confidential inquiries welcomed to Greg Nelson at (916) 630-4900 ext. 137. Brochure available at http://www.ralphandersen.com/jobs/chief-technology-officer-cupertino/
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