Bay Area Tech Wire -- March 18

============================================ BAY AREA TECH WIRE -- March 18, 2016 ============================================ Sponsored By: Fairfax County Economic Development Authority http://www.fairfaxcountyeda.org/bay-area-tech-wire o Redwood City-Based Shutterfly Names Amazon Veteran as New CEO o Menlo Park-Based Spirox Raises $45 Million in Third Round o Redwood City-Based Kenandy Raises Funds, Appoints Executives o San Francisco's Polaris, Toba Co-Lead $6.5M Round for FloQast o Survey: San Francisco CFO's Expect Increased Hiring Over Next Six Months > The Shifting Sands of Employee Motivation o Briefly Noted: Centrillion Technologies _____________________________________________ > Job/Event/Marketplace Classified Listings (Full Listings Below Stories) --The Shifting Sands of Employee Motivation --Mid-Atlantic Marketing Summit - April 22 Full Job, Event, Marketplace and Services Descriptions Below in Classified Ad Section Post Job/Event/Marketplace ad at: http://www.bayareatechwire.com _____________________________________________   o Redwood City-Based Shutterfly Names Amazon Veteran as New CEO Redwood City, Calif. -- Shutterfly, the Redwood City-based provider of personalized photo products and services, has named Amazon executive Christopher North as its new president and CEO, effective May 31. He will succeed interim CEO Phil Marineau, who will continue as chairman. North has served as the managing director of Amazon UK since 2011, and earlier held senior leadership roles with Phaidon Press and HarperCollins Publishers. "His outstanding track record at one of the most successful e-commerce companies in the world makes him an incredible asset to this organization," said Marineau. "We believe this is the beginning of an exciting new chapter for Shutterfly." http://www.shutterflyinc.com http://ir.shutterfly.com/releasedetail.cfm?ReleaseID=961241  _____________________________________________ o Menlo Park-Based Spirox Raises $45 Million in Third Round Menlo Park, Calif. -- Spirox, a Menlo Park-based medical device company developing minimally invasive technologies for patients with nasal obstruction, said it has raised $45 million in its third round of funding, led by KKR. New investor HealthQuest Capital and previous backers Aisling Capital, Aperture Venture Partners and Venrock also participated. Jim Momtazee, a KKR member and head of the firm's healthcare investing team, will join the company's board of directors. Spirox is developing a minimally invasive system to be used by Ear, Nose and Throat (ENT) physicians and plastic surgeons to treat patients with nasal obstruction, helping them to more easily breathe. http://www.spiroxmed.com/  http://www.businesswire.com/news/home/20160315005673/en/Spirox-Announces-Closing-45MM-Series-Financing  _____________________________________________ o Redwood City-Based Kenandy Raises Funds, Appoints Executives Redwood City, Calif. -- Kenandy, the Redwood City-based developer of an enterprise resource planning (ERP) tool built on the Salesforce platform, said it has raised a new round of funding which increases its total backing to more than $55 million. Participants included Kleiner Perkins Caufield & Byers (KPCB), Lightspeed Venture Partners, Salesforce Ventures and Wilson Sonsini Ventures, as well as Kenandy founder Sandra Kurtzig. The company also has named Marie Amoruso Jackson as its chief marketing officer (CMO) and appointed Rod Butters as its chief technology officer (CTO) and president of products and services. http://www.kenandy.com  http://blog.kenandy.com/accelerating-growth.html  _____________________________________________ o San Francisco's Polaris, Toba Co-Lead $6.5M Round for FloQast San Francisco -- Polaris Partners, a Boston-based venture capital firm with West Coast headquarters in San Francisco, and San Francisco-based Toba Capital have co-led a new $6.5 million first round of funding for FloQast, a Los Angeles-based developer of month-end closing software for accountants. Gary Swart, a partner at Polaris Partners and former CEO of oDesk, has joined the company's board of directors. FloQast develops cloud-based software that connects the applications accountants use to help organize, collaborate and close the books faster. "FloQast allows our clients to continue working with Excel while also linking to the ERP to automate the tie-out and reconciliation process," said co-founder and CEO Mike Whitmire. https://polarisvc.wordpress.com/2016/03/16/polaris-welcomes-floqast/  http://newswire.publicize.co/accounting-software-company-floqast-secures-6-5m-in-series-a-funding-from-polaris-partners-toba-capital-and-others/ _____________________________________________ o Survey: San Francisco CFO's Expect Increased Hiring Over Next Six Months San Francisco -- San Francisco executives expect professional-level hiring to increase in the next six months, according to a newly released forecast by Robert Half. All told, 16% of CFOs surveyed expect their companies to create new jobs, up 3% from the previous six months, and another 73% plan to hire only for open roles. "Highly skilled candidates continue to be in great demand throughout the San Francisco Bay Area, with tenured professionals receiving multiple job offers, particularly in technology, financial services and healthcare," said Sharon Black, senior district president for Robert Half in the San Francisco Bay Area. "San Francisco ranked as a top city for career-oriented professionals, according to the recently released Robert Half and Economist Intelligence Unit study. This is a testament to the Bay Area truly being a global financial mecca with abundant career opportunities for top talent." In addition, 91% of executives said they were somewhat or very confident in their company's prospects for growth in the next six months. http://www.prnewswire.com/news-releases/san-francisco-cfos-reveal-hiring-plans-for-next-six-months-300236930.html  _____________________________________________ |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||| > The Shifting Sands of Employee Motivation The old "if-then motivators" of giving bonuses for the achievement of goals no longer work. Work has become too complex and is changing too rapidly for such simple formulas to be relevant and to motivate performance. Here, we review some new motivators and how to engage with employees. http://fairfaxcountyeda.org/bay-area-tech-wire |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||| _____________________________________________ o Briefly Noted: (Palo Alto, Calif.) Palo Alto-based Centrillion Technologies, a developer of genomic analysis technology, has named Tzu Kun Ku as its vice president of technology research and operations for its Taiwan subsidiary. Ku most recently served as division director of the Industry Technology Research Institute's nano-electronic technology division. http://www.centrilliontech.com/  http://www.businesswire.com/news/home/20160317005593/en/Centrillion-Adds-Vice-President-Technology-Research-Operations  =================================================== 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 > The Shifting Sands of Employee Motivation The old "if-then motivators" of giving bonuses for the achievement of goals no longer work. Work has become too complex and is changing too rapidly for such simple formulas to be relevant and to motivate performance. Here, we review some new motivators and how to engage with employees. http://fairfaxcountyeda.org/bay-area-tech-wire _____________________________________________ > Mid-Atlantic Marketing Summit - April 22 Now in its fifth year, the annual summit has become the "must-attend" annual marketing event for the DC region and beyond. The summit brings together 400+ CMOs, Senior Marketers, Agency Professionals and Technology Executives from the DC area. The event features dozens of case studies, keynotes, presentations and networking breaks on the most important issues facing marketers in 2016-2017. For more information, go to: www.mamsummit.com _____________________________________________ > Advertising on Bay Area Tech Wire 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: editorial@bayareatechwire.com Tech Wire Mailing Address: P.O. Box 15180 Washington, DC 20003 Copyright: CapWire Inc. 2016

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