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BAY AREA TECH WIRE -- April 8, 2016
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Sponsored By: Fairfax County Economic Development Authority
http://fairfaxcountyeda.org/bay-area-tech-wire
o San Jose-Based Pixelworks to Cut 24% of Staff in Bid to Reach Breakeven
o San Francisco-Based Uber Will Pay $10 Million to Settle California Suit
o AI Startup Neurensic Hires CTO to Lead New San Francisco Office
o U.S. Information Technology Employment Shows Modest Growth in March
o Survey: Over 40% of Small Business Execs Unprepared for Cyber Attacks
> Is Your Career Stuck in Gridlock? Change your GPS.
o Briefly Noted: SnapLogic, SolarCity, SelfScore, EA Sports - Madden NFL
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> Job/Event/Marketplace Classified Listings (Full Listings Below Stories)
--Field Marketing Senior Manager, North America - Blackboard - DC
--Is Your Career Stuck in Gridlock? Change your GPS.
--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 San Jose-Based Pixelworks to Cut 24% of Staff in Bid to Reach Breakeven
San Jose, Calif. -- Striving to reach breakeven, San Jose-based Pixelworks, a developer of video display processing technology, said it will cut 24% of its workforce, primarily in the areas of development, operations, sales and marketing. The company said the move will save it at least $5.0 million a year, helping it better align expenses with current revenue levels. "We expect that our improved cost structure combined with revenue growth for the balance of the year will enable the company to achieve cash flow breakeven by the fourth quarter," said interim CEO Stephen Domenik. Pixelworks expects the restructuring to be completed by the end of September. The news comes as the company said it anticipates a $4.2 million net loss in the first quarter on revenue of $11.1 million.
http://www.pixelworks.com
http://www.pixelworks.com/?q=node/66
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o San Francisco-Based Uber Will Pay $10 Million to Settle California Suit
San Francisco -- Uber, the San Francisco-based on-demand car service, will pay $10 million to settle a lawsuit filed in California challenging the company's contention that its driver background checks were more thorough than those of competing taxi companies. "We've agreed not to use terms like `safest ride on the road' or describe our background checks as `the gold standard,'" Uber said in a statement. Under the settlement, Uber will pay a civil penalty of $5 million each to Los Angeles and San Francisco counties within the next 60 days, and must pay an additional $15 million if it fails to comply with the terms of the settlement over the next two years. The company also must ensure that its passenger fare calculation app meets accuracy standards set by the California Department of Agriculture's Division of Measurement Standards, and must first receive approval from airports in California before having its drivers drop off and pick up passengers there. "The result we achieved today goes well beyond its impact on Uber," said San Francisco District Attorney George Gascón. "It sends a clear message to all businesses, and to startups in particular, that in the quest to quickly obtain market share, laws designed to protect consumers cannot be ignored. If a business acts like it is above the law, it will pay a heavy price."
https://newsroom.uber.com/da-settlement/
http://da.co.la.ca.us/media/news/los-angeles-san-francisco-county-district-attorneys-reach-25-million-settlement-with-uber
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o AI Startup Neurensic Hires CTO to Lead New San Francisco Office
San Francisco -- Neurensic, a Chicago-based artificial intelligence technology startup focused on the financial services industry, has named Cliff Click as its chief technology officer. Click, one of the creators of the Java programming language and the former co-founder and CTO of H2O.ai, will open the company's new office in San Francisco, which will utilize open-source technology to bolster the company's software products. "I think machine learning has a lot to offer the financial industry, not just in enforcing new regulations and maintaining market integrity, but also in updating legacy technology and bringing the industry forward into the current century," said Click. Neurensic also announced the formation of a new Innovation Lab, which will focus on applying big data aggregation and artificial intelligence capabilities to nascent technologies such as blockchain.
http://www.neurensic.com/
http://www.neurensic.com/neurensic-appoints-dr-cliff-click-chief-technology-officer-announces-new-innovation-lab/
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o U.S. Information Technology Employment Shows Modest Growth in March
Alexandria, Va. -- U.S. information technology employment continued to grow at a modest pace in March, according to new figures from the TechServe Alliance, a national trade association for the IT and engineering staffing industry. All told, the number of IT jobs grew 0.2 percent sequentially last month to 5.09 million. On a year-over-year basis, employment grew by 3.9%, with 190,500 IT workers added in the past year. Engineering employment, meanwhile, ticked down 0.05 percent sequentially to 2.5 million. "While I would not characterize Q1 numbers as robust, IT employment continued to post steady growth in March," said Mark Roberts, CEO of the TechServe Alliance. "Many policymakers have noted that while there is still significant underlying strength in the U.S. economy, all indicators are not uniformly positive. The same could be said for job growth in technical occupations particularly engineering."
http://tsa.prod2.classfive.com//files/Index%20Release%20April%202016.pdf (PDF)
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o Survey: Over 40% of Small Business Execs Unprepared for Cyber Attacks
San Diego, Calif. -- In an era when malicious hacks are becoming more frequent, a large number of small business executives say they still are not prepared for a cyber attack. More than 40% of executives said they remain unequipped to handle such a situation, according to a new survey by Vistage Worldwide. "In an age when hackers are becoming more and more sophisticated you must be prepared with a plan, security mindset and proper employee training," said Dieter Gable, the CEO of TB Consulting and a member of Vistage, which assembles and facilitates private advisory boards for CEOs. "A breach can come from a malicious attack, human error or a system glitch." Overall, small business executives feel optimistic about their business growth in the next 12 months, with 70% anticipating increased revenues and 55% anticipating improved profitability.
http://www.vistage.com/press-center/vistage-ceo-survey/
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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
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o Briefly Noted:
(San Mateo, Calif.) San Mateo-based SnapLogic, developer of a unified data and application integration platform as a service, has named Christopher Hackett as its vice president of international sales. Hackett previously held sales leadership positions at Informatica, Tibco Software, Sybase and Talend. The news comes after the company recently opened an office in Melbourne, Australia to focus on the Australia and New Zealand market.
https://www.snaplogic.com/press-releases/snaplogic-appoints-industry-veteran-christopher-hackett-to-lead-international-sales
(San Mateo, Calif.) San Mateo-based SolarCity, the residential and commercial solar company, has named former Federal Energy Regulatory Commission (FERC) Chairman Jon Wellinghoff as its chief policy officer. His responsibilities will include advising on federal and state policy, as well as overseeing both regulatory and legislative affairs for the company.
http://www.solarcity.com
http://www.prnewswire.com/news-releases/solarcity-appoints-jon-wellinghoff-chief-policy-officer-300248141.html
(Palo Alto, Calif.) Palo Alto-based SelfScore, a fintech startup offering the first MasterCard for international students, on Friday named Vinni Bala as its chief marketing officer (CMO). Bala most recently served as head of the college and secured credit card business at Wells Fargo Bank.
https://www.selfscore.com/
http://finance.yahoo.com/news/selfscore-appoints-venkat-vinni-bala-130000067.html
(Redwood City, Calif.) Redwood City-based EA Sports said on Friday it will team with the NFL Players Association and Discovery Education to host an interactive live virtual field trip April 14 for students nationwide. Featuring Washington Redskins quarterback Kirk Cousins, "The Magic of Madden Virtual Field Trip" will let middle schoolers go behind-the-scenes at EA Sports'Tiburon Studios in Orlando to explore the science, technology, engineering, art and math powering the company's popular Madden NFL series. Register at the link below.
http://footballbythenumbers.discoveryeducation.com/field-trips
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Job/Event/Marketplace Listings:
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> Field Marketing Senior Manager, North American Higher Education - D.C.
The Field Marketing Senior Manager is a key role on Blackboard's North American Higher Education (NAHE) Field Marketing team. This role will develop marketing plans to increase pipeline and penetration within institutions of higher learning. This position will develop and drive high touch field marketing programs to generate quality pipeline and to move prospects through the sales cycle. SPECIFIC RESPONSIBILITIES INCLUDE: Planning integrated marketing programs to take customers through a sequential journey. Defining marketing plans to create/accelerate opportunities. Developing marketing segments that align with sales teams' goals to deliver relevant, focused messages and programs. REQUIRED QUALIFICATIONS: 5-7 years of B2B software marketing experience (or higher-ed software marketing). DESIRED QUALIFICATIONS: Bachelor's Degree in Marketing or Business strongly preferred. Industry or vertical marketing experience, education a plus. For full job description and to apply, go to: http://careers.blackboard.com/marketing/position/job_1f7061000000000138213
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> 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
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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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> 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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