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BAY AREA TECH WIRE -- March 24, 2016
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Mid-Atlantic Marketing Summit - April 22 - Washington, D.C.
http://www.mamsummit.com
o Redwood City-Based RevUp Software Raises $5 Million in Seed Funding
o San Francisco-Based Ebates Acquires Redwood City's Shopular
o Oakland-Based History Projects Lands New Investment from the AP
o San Francisco-Based AppDirect Acquires Xendo
o Global IPO Activity Sinks to Lowest Level Since 2010
o Briefly Noted: Livongo Health, Revel Systems
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> Job/Event/Marketplace Classified Listings (Full Listings Below Stories)
--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
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o Redwood City-Based RevUp Software Raises $5 Million in Seed Funding
Redwood City, Calif. -- RevUp Software, a Redwood City-based data analytics start-up whose tools are designed to help non-profits, academic institutions and political organizations bolster fundraising, said on Thursday it has landed more than $5 million in seed funding. Investors included Greylock Partners, Sean Parker, Omidyar Network, Salesforce Ventures, Evan Goldberg, Drew Perkins and the Valley Fund, among others. The company said it will use the proceeds to grow its engineering, data analysis and sales teams. It also plans to build upon its success in the political arena to further expand into the academic and non-profit areas. In addition, RevUp said it has established technology and business partnerships with LinkedIn, Blue State Digital, Bully Pulpit, CMDI, Red Curve and Targeted Victory.
http://www.revup.com
http://www.businesswire.com/news/home/20160324005965/en/RevUp-Announces-Major-Financing-Update
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o San Francisco-Based Ebates Acquires Redwood City's Shopular
San Francisco -- Ebates, the San Francisco-based operator of an online shopping rewards program, said on Thursday it has acquired Redwood City-based Shopular, developer of a mobile product discovery app. Financial terms of the deal were not disclosed. Ebates said the acquisition will strengthen its position in the mobile shopping category. Founded in 2012 by Navneet Loiwal and Tommy Tsai, Shopular uses geo-targeting technology to alert users to relevant deals and coupons when they're near their favorite stores. Loiwal and Tsai will remain with the company as general managers of the Shopular business. "Shopular is the perfect partner to help us maximize our growth in the online and mobile commerce category," said Kevin Johnson, the CEO of Ebates. "With today's consumers going mobile, it's more important than ever to provide the right technologies to help them get the best deals, at the right time, as quickly as possible. We believe that the addition of Shopular to the Ebates family is the next step to making this happen."
http://www.ebates.com/
http://www.shopular.com/
http://www.businesswire.com/news/home/20160324005136/en/Ebates-Acquires-Shopular
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o Oakland-Based History Projects Lands New Investment from the AP
Oakland -- The History Project, the Oakland-based developer of a platform that creates immersive digital life narratives, said it has landed a new investment from the Associated Press (AP), adding to the company's $2 million seed round, announced in November. Earlier investors in the round included The New York Times and Matter Ventures. The History Project's platform is designed to let users create digital time capsules, both capturing the memory of a specific moment and telling the story through their own artifacts. "Enabling digital consumers to create a special place for their most treasured memories, beyond the streams of everyday social posts and with historical context, is a giant step forward in personal storytelling," said Jim Kennedy, the AP's senior vice president of strategy and enterprise development. The company also has named Jay Brown (the co-founder and CEO of Roc Nation), Dean Drako (the founder and former CEO of Barracuda Networks and founder and current CEO of Eagle Eye Networks), Michael Chang (the CEO of Legacy Republic), Hashem Montasser (the founder of Frontlane Capital), Giles Goodwin (the founder and CEO of Flite) and Danielle Simmons (the former Head of North America PR at Ancestry) to its advisory board.
http://thehistoryproject.com
http://www.prweb.com/releases/2016/03/prweb13288607.htm
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o San Francisco-Based AppDirect Acquires Xendo
San Francisco -- In its second acquisition this year, San Francisco-based AppDirect, developer of a cloud service commerce platform that lets businesses find, buy and manage cloud services from a central location, said on Thursday it has acquired hosted enterprise search startup Xendo. Financial terms of the deal were not disclosed. San Francisco-based Xendo, which launched at TechCrunch Disrupt in 2014, offers cloud-based unified search across 30 different cloud and on-premise apps, helping business users to find content across the various cloud services. Customers include Netflix, Looker and Alphabet-owned Intersection. Xendo will continue to operate independently, but also will be offered as a standalone app in the AppDirect Network for partners to sell to their business customers. AppDirect in January announced its acquisition of Montreal-based Radialpoint, and last October raised $140 million in funding.
http://www.appdirect.com/
https://xen.do/
http://info.appdirect.com/about/press/releases/appdirect-acquires-xendo-to-power-the-future-of-cloud-management
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o Global IPO Activity Sinks to Lowest Level Since 2010
London -- The global IPO market came to relative standstill during the first quarter, sinking to its lowest level since 2010, according to a new report from EY. All told, 167 companies raised $12.1 billion through IPOs during the quarter, including just 10 from the U.S., all from the healthcare sector. The firm said contributing factors for the slowdown included fears of a global economic slowdown, increased volatility, falling oil prices and the equity market turbulence. "In the current climate, both IPO-ready companies and potential investors are in effect sheltering from volatile, gloomy weather and waiting for the outlook to improve," said Martin Steinbach of EY. "This explains why there have been more postponed IPOs in the first quarter this year than last year, why deal sizes have fallen and why financial sponsors are biding their time for the exit environment to improve, which is always a sure sign that these sponsors think better times are ahead."
http://www.ey.com/GL/en/Newsroom/News-releases/news-ey-global-ipo-volume-down-in-first-quarter
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> 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
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o Briefly Noted:
(Mountain View, Calif.) Mountain View-based Livongo Health, a developer of digital health tools designed to help users better manage chronic conditions like diabetes, on Thursday named Anna Baird as its chief financial officer (CFO) and Baljeet Singh as its vice president of product management. Baird previously served as the president and CFO at RadiumOne, while Singh held executive positions at Twitter and YouTube.
http://www.livongo.com/news/livongo-health-adds-key-financial-and-technology-executives
(San Francisco) San Francisco-based Revel Systems, developer of an iPad-based business management tools for brick-and-mortar businesses, said on Thursday it has opened a new office in Dallas. The office currently houses 20 sales and technical support employees, and the company expects to hire another 60 by the end of this year.
http://revelsystems.com
http://www.businesswire.com/news/home/20160324005245/en/Revel-Systems-Expands-National-Presence-Opens-Dallas
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> 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
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