Automated posts from the Silicon Valley SF Bay Area Technology News Wire
Monday, April 4, 2016
Bay Area Tech Wire -- April 4
========================================== BAY AREA TECH WIRE -- April 4, 2016 ============================================ Sponsored By: Fairfax County Economic Development Authority http://fairfaxcountyeda.org/bay-area-tech-wire o San Jose-Based Brocade to Acquire Sunnyvale's Ruckus Wireless o San Jose-Based GigOptix to Acquire Magnum Semiconductor, Change Name o Walnut Creek-Based Maximum Games to Acquire U.K.-Based Avanquest o S.F.-Based McKesson Completes Deals for Vantage Oncology and Biologics o Worldwide Semiconductor Sales Dip in February > Is Your Career Stuck in Gridlock? Change your GPS. o Briefly Noted: Global Blood Therapeutics, LeanTaaS _____________________________________________ > Job/Event/Marketplace Classified Listings (Full Listings Below Stories)
Full Job, Event, Marketplace and Services Descriptions Below in Classified Ad Section
Post Job/Event/Marketplace ad at: http://www.bayareatechwire.com _____________________________________________ o San Jose-Based Brocade to Acquire Sunnyvale's Ruckus Wireless
San Jose, Calif. -- Brocade, the San Jose-based networking technology giant, said on Monday it will acquire Sunnyvale-based Ruckus Wireless, a provider of wireless systems to the mobile Internet infrastructure market, in a cash and stock deal valued at about $1.5 billion. Under the terms of the agreement, Ruckus stockholders will receive $6.45 in cash and 0.75 shares of Brocade stock for each share of Ruckus stock. Brocade said the acquisition will bolster its enterprise networking portfolio, adding Ruckus' wireless products to its current networking offerings. "This strategic combination will position us to expand our addressable market and technology leadership with Ruckus' fast-growing wireless LAN products," said Brocade CEO Lloyd Carney. The Ruckus business will continue to be led by current CEO Selina Lo. The deal is expected to close by the end of July. http://www.brocade.com https://www.ruckuswireless.com/ http://newsroom.brocade.com/press-releases/brocade-to-acquire-ruckus-wireless-to-build-a-networking-company-for-the-digital-nasdaq-brcd-1252087 _____________________________________________
o San Jose-Based GigOptix to Acquire Magnum Semiconductor, Change Name
San Jose, Calif. -- GigOptix, a San Jose-based supplier of semiconductor communications components, said on Monday it will acquire Milpitas-based Magnum Semiconductor in a cash and stock deal valued at approximately $55 million. The deal is expected to close on Tuesday, when GigOptix will be renamed GigPeak. Magnum provides silicon integrated circuits, SoCs, software and intellectual property to the professional video broadcast and Internet of Things camera markets. GigOptix said the acquisition will expand its addressable market from approximately $1 billion to $5 billion by adding the broadcasting, IoT and consumer markets. "The exponential growth in video traffic will further expand the demand for GigOptix's and Magnum's solutions in real-time high-speed and high-quality information streaming, video compression in the cable, satellite, telco/IPTV and mobile/over the top markets," said Avi Katz, GigOptix's founder, chairman and CEO. The acquisition is the eighth in company history. http://www.gigoptix.com/ http://ir.gigoptix.com/phoenix.zhtml?c=225697&p=irol-newsArticle&ID=2153806 _____________________________________________ o Walnut Creek-Based Maximum Games to Acquire U.K.-Based Avanquest
Walnut Creek, Calif. -- Maximum Games, a Walnut Creek-based video game publisher, said on Monday it will acquire Avanquest Software Publishing, a developer and publisher of video games in the U.K. Financial terms of the deal were not disclosed. The combined company will operate solely under the Maximum Games name. Maximum said the acquisition will expand the distribution of its games internationally. "We look at this exciting next step as the most effective way to broaden the reach of our video games, offering our studio partners the same focus and attention in Europe as we currently offer here in North and South America," said CEO Christina Seelye. http://www.maximumgames.com http://www.businesswire.com/news/home/20160404005381/en/Video-Game-Publisher-Maximum-Games-Acquires-Avanquest _____________________________________________
o S.F.-Based McKesson Completes Deals for Vantage Oncology and Biologics
San Francisco -- McKesson, the San Francisco-based healthcare services and information technology giant, said on Monday it has completed its acquisitions of Vantage Oncology and North Carolina-based Biologics for a combined purchase price of approximately $1.2 billion. Manhattan Beach-based Vantage is a provider of oncology services, and Biologics is a provider of oncology pharmacy services. Both deals were announced in February. "These investments will broaden McKesson's practice management services and solutions that allow oncologists to focus on providing excellent patient care and provide additional support solutions that enhance care delivery for patients," said John Hammergren, McKesson's chairman and CEO, at the time of the announcement. http://www.mckesson.com/ http://www.mckesson.com/about-mckesson/newsroom/press-releases/2016/mckesson-completes-the-acquisitions-of-vantage-oncology-and-biologics/ _____________________________________________ o Worldwide Semiconductor Sales Dip in February
Washington, DC -- Worldwide sales of semiconductors took a significant dip in February, according to a new report from the Semiconductor Industry Association (SIA). Chip sales reached $26.0 billion for the month, down 3.2% from January and more than 6% from the same period in 2015. Sales in the Americas fell sharply, decreasing 19.3% year-over-year. "Global semiconductor sales slipped somewhat in February, due to normal seasonal trends, demand softening, and unfavorable macroeconomic conditions," said John Neuffer, president and CEO of the SIA. "Most regional markets have struggled to overcome these headwinds, and sales have dipped across the majority of semiconductor product categories." http://www.semiconductors.org/news/2016/04/04/global_sales_report _2015/global_semiconductor_sales_dip_slightly_in_february/ _____________________________________________
Is Your Career Stuck in Gridlock? Change your GPS.
Getting out of life and career gridlock takes commitment, motivation and self-discipline. With some focused attention and a shift in attitude you will open yourself up to opportunities. Here, we show you how finding your way out of gridlock requires you to reset your internal GPS to Good - Present - Space.
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(South San Francisco) South San Francisco-based Global Blood Therapeutics (GBT), a biopharmaceutical firm developing therapeutics to treat blood-based disorders, on Monday named Jeffrey Farrow as its chief financial officer (CFO). Farrow previously served as the CFO of ZS Pharma, a biopharmaceutical company acquired by AstraZeneca in December for $2.7 billion. He also has been the CFO of Hyperion Therapeutics. http://ir.globalbloodtx.com/phoenix.zhtml?c=254105&p=irol-newsArticle&ID=2153701
=================================================== 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
> Is Your Career Stuck in Gridlock? Change your GPS.
Getting out of life and career gridlock takes commitment, motivation and self-discipline. With some focused attention and a shift in attitude you will open yourself up to opportunities. Here, we show you how finding your way out of gridlock requires you to reset your internal GPS to Good - Present - Space. 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/
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