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BAY AREA TECH WIRE -- Oct. 21, 2016
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Campaigns & Marketing Summit - Dec. 1 - D.C.
www.camsummitdc.com
o S.F.-Based TravelBank Raises $10 Million for Travel Budgeting App
o San Francisco-Based Twilio Prices $280 Million Follow-On Offering
o San Jose-Based Quantum Secures $170 Million Financing Package
o Siemens Competition Names Nine Regional Finalists from Bay Area
o Santa Clara-Based Infoblox Gets German Approval to Complete Deal
> Campaigns & Marketing Summit - Dec. 1 - Washington, D.C.
o Briefly Noted: Kapor Capital - Kapor Center for Social Impact, Shutterfly
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> Job/Event/Marketplace Classified Listings (Full Listings Below Stories)
--Unanet Lunch and Demonstration of Unanet Project Financials - November 2
--Campaigns & Marketing Summit - Dec. 1 - Washington, D.C.
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 S.F.-Based TravelBank Raises $10 Million for Travel Budgeting App
San Francisco -- TravelBank, the San Francisco-based developer of a mobile-first budgeting app that automates the expense and budget management process, said it has raised $10 million in its first round of funding, led by New Enterprise Associates (NEA). Accel also participated in the round, which the company has used to launch its offering on iOS, Android and the web. TravelBank's service is designed to help clients stop the cycle of employees overspending on travel costs. An algorithm predicts trip budgets based on real-time pricing, taking into account airfare, ground transportation, meals and local parking. Once the budget is in place, employees expense against it, with green, yellow, and red bars showing their spending over time compares to the predicted budget. Clients then have the opportunity to reward employees who beat their budget. TravelBank was co-founded by Duke Chung, who previously started and sold customer service startup Parature to Microsoft for $100 million nearly three years ago.
https://travelbank.com/
https://travelbank.com/stopover/flagship-launch/
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o San Francisco-Based Twilio Prices $280 Million Follow-On Offering
San Francisco -- Four months after raising $150 million in its initial public offering (IPO), San Francisco-based Twilio, developer of a platform that lets businesses embed communication and authentication capabilities into their software apps, late Thursday priced a $280 million follow-on offering. The company priced 7 million shares at $40 each. The company however, will only keep about $25.6 million of the proceeds, since all but 641,000 of the shares are being sold by current stockholders. Twilio's platform is used to embed messaging, voice and video capabilities directly into software applications. The eight-year-old company has more than 650 employees in 11 offices.
https://www.twilio.com/
http://www.businesswire.com/news/home/20161020006716/en/Twilio-Announces-Pricing-Follow-on-Public-Offering
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o San Jose-Based Quantum Secures $170 Million Financing Package
San Jose, Calif. -- Quantum, a San Jose-based developer of storage, archive and data protection tools, said on Friday it has secured a $170 million financing package from PNC Bank and TCW Direct Lending. The package included an $80 million revolving credit facility with an additional $20 million available under an accordion feature, a $50 million term loan and a $20 million delayed draw term loan. Quantum said it will use the proceeds to pay off the approximately $60 million drawn on its former revolving credit facility with Wells Fargo Capital Finance, as well as address $70 million of convertible notes maturing in Nov. 2017. "This package protects the interests of our current shareholders by not including an equity component and also gives us substantially more operational and financial flexibility from a capital allocation and investment standpoint," said CFO Fuad Ahmad.
http://www.quantum.com/
http://investors.quantum.com/phoenix.zhtml?c=69905&p=RssLanding&cat=news&id=2213780
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o Siemens Competition Names Nine Regional Finalists from Bay Area
Washington, DC -- The Siemens Foundation has announced the 2016 regional finalists for its Siemens Competition in Math, Science & Technology, a research competition for high school students. All told, 96 regional finalists -- including nine from the Bay Area -- will advance to the next round, where they will vie for college scholarships ranging from $1,000-$100,000. Winners of the upcoming regional events will advance to the finals in Washington, DC, Dec. 5-6. There, $500,000 in scholarships will be awarded, including two top prizes of $100,000. A complete list of the regional finalists, selected from a pool of more than 1,600 entrants, is at the link below.
http://preview.thenewsmarket.com/Previews/SIMS/DocumentAssets/451986.pdf (PDF)
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o Santa Clara-Based Infoblox Gets German Approval to Complete Deal
Santa Clara, Calif. -- Infoblox, a Santa Clara-based developer of network control technology, said it has received clearance from the German Federal Cartel Office to complete its $1.6 billion acquisition by private equity firm Vista Equity Partners. That comes just a week after both the Federal Trade Commission (FTC) and the Antitrust Division of the Department of Justice granted early termination of the waiting period under the Hart-Scott-Rodino Act, allowing the deal to close by the end of January. Infoblox stockholders will receive $26.50 a share under the deal, which was first announced in September. A cash tender offer is scheduled to expire Nov. 4.
https://www.infoblox.com
http://www.businesswire.com/news/home/20161020006631/en/Infoblox-Vista-Equity-Partners-Receive-Approval-German
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> Unanet Lunch and Demonstration of Unanet Project Financials - November 2 at 11 AM!
If your project-driven business is still using disparate, legacy ERP software packages to manage service projects, this complimentary informational session is not to be missed. Enjoy lunch while you hear first-hand from Unanet customers who have chosen our affordable, scalable software to reduce administrative costs, lower risk, and support decision-making with real-time analytics, dashboards, and KPIs. See for yourself how you can foster successful project management -- from bid-to-bill -- and increase employee satisfaction and productivity through one easy-to-use, "live" system. Join us on Wednesday, November 2 at Il Fornaio in Burlingame. See details and register today at http://unanet.com/bayarea or contact Morgan Franklin at mfranklin@unanet.com
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o Briefly Noted:
(Oakland) Kapor Capital and the Kapor Center for Social Impact said they will host a startup weekend focused on Latin tech talent in the Bay Area. The event will take place Oct. 21-23 in Oakland, with venture capital and industry experts working with entrepreneurs to design tech solutions that address problems disproportionately affecting the Latin community.
http://www.prnewswire.com/news-releases/startup-weekend-in-oakland-focused-on-latinx-entrepreneurs-in-tech-300348736.html
(Redwood City, Calif.) Redwood City-based Shutterfly, the provider of personalized photo products and services, on Friday named Eva Manolis to its board of directors. Manolis most recently spent 11 years as the vice president of consumer shopping experience at Amazon.com.
http://ir.shutterfly.com/releasedetail.cfm?ReleaseID=994834
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Job/Event/Marketplace Listings:
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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
> Unanet Lunch and Demonstration of Unanet Project Financials - November 2 at 11 AM!
If your project-driven business is still using disparate, legacy ERP software packages to manage service projects, this complimentary informational session is not to be missed. Enjoy lunch while you hear first-hand from Unanet customers who have chosen our affordable, scalable software to reduce administrative costs, lower risk, and support decision-making with real-time analytics, dashboards, and KPIs. See for yourself how you can foster successful project management -- from bid-to-bill -- and increase employee satisfaction and productivity through one easy-to-use, "live" system. Join us on Wednesday, November 2 at Il Fornaio in Burlingame. See details and register today at http://unanet.com/bayarea or contact Morgan Franklin at mfranklin@unanet.com
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> Campaigns & Marketing Summit - Dec. 1 - Washington, D.C.
The Campaigns & Marketing Summit on December 1 at the National Press Club brings together 300+ brand marketers, PR and advocacy professionals, and political campaign strategists to discuss their common tactics, strategies, tools and platforms. It is the only conference to bring together both brand and political marketers. This unique fusion in both speakers and attendees produces fresh insights and empowers attendees to push the boundaries of what's possible in their own fields. One thing you're guaranteed to take away from CAM Summit: actionable strategies and tactics that set you apart from peers. www.camsummitdc.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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