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BAY AREA TECH WIRE -- Dec. 7, 2016
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To subscribe: www.bayareatechwire.com
o San Mateo-Based SnapLogic Raises $40 Million in Sixth Round
o S.F.-Based Fitbit Acquires Assets from Smartwatch-Maker Pebble
o San Francisco-Based Square Acquires Philadelphia's Main Line Delivery
o Palo Alto-Based Varian to Complete Varex Separation in January
o Online Sales Top $1 Billion for Record 11 Straight Days
o Briefly Noted: RiskIQ, Apple - Washington, DC
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--Job Listing: California-based Marketing Representative - Fairfax County EDA
--Job Listing: Vice President Product Management - Los Angeles
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o San Mateo-Based SnapLogic Raises $40 Million in Sixth Round
San Mateo, Calif. -- SnapLogic, the San Mateo-based developer of a self-service integration platform designed to connect data, applications and devices, said on Wednesday it has raised $40 million in its sixth round of funding, led by European private equity firm Vitruvian Partners. Previous backers Andreessen Horowitz, Capital One, Ignition Partners, NextEquity Partners and Triangle Peak Partners also took part in the round, which increased the company's total funding to $136.3 million since its inception. The company said it will use the new proceeds to expand sales, marketing and customer service activities globally, after adding more than 300 new customers in the past year to boost its customer base to more than 700. Significant new client wins have included Clorox, Del Monte, Denny's, Groupon, Magellan Health, McKinsey, Teva Pharmaceuticals and Wendy's.
http://www.snaplogic.com
http://www.snaplogic.com/press-releases/snaplogic-lands-40-million-to-disrupt-integration-market
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o S.F.-Based Fitbit Acquires Assets from Smartwatch-Maker Pebble
San Francisco -- Fitbit, the San Francisco-based maker of wearable fitness trackers, said on Wednesday it has acquired specific assets from Palo Alto-based smartwatch-maker Pebble, including key personnel and intellectual property related to software and firmware development. Financial terms of the deal, which excludes the company's hardware products, were not disclosed. Fitbit said the acquisition will allow it to more rapidly develop new products, features and functionality. "With basic wearables getting smarter and smartwatches adding health and fitness capabilities, we see an opportunity to build on our strengths and extend our leadership position in the wearables category," said CEO James Park. "With this acquisition, we're well positioned to accelerate the expansion of our platform and ecosystem to make Fitbit a vital part of daily life for a wider set of consumers." Park also said that Fitbit plans to develop new tools designed to help healthcare providers, insurers and employers integrate wearable technology into their preventative and chronic care plans.
https://www.pebble.com/
https://investor.fitbit.com/press/press-releases/press-release-details/2016/Fitbit-Inc-Acquires-Assets-from-Pebble/default.aspx
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o San Francisco-Based Square Acquires Philadelphia's Main Line Delivery
San Francisco -- Square, the San Francisco-based developer of technology that lets merchants accept credit card payments from their smart phones, said on Wednesday it has acquired Main Line Delivery, a service that allows diners to place orders for delivery from popular restaurants in the Main Line region of Philadelphia. Financial terms of the deal were not disclosed. The acquisition will expand Square's Caviar restaurant delivery service, which launched in Philadelphia two years ago. Caviar also currently provides service in parts of New York, Boston, Chicago, Dallas, Los Angeles, Sacramento, the San Francisco Bay Area, Seattle, Portland and Washington D.C.
https://squareup.com/
http://www.businesswire.com/news/home/20161207005370/en/Square-Acquires-Main-Line-Delivery-Expanding-Caviar
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o Palo Alto-Based Varian to Complete Varex Separation in January
Palo Alto, Calif. -- Varian Medical Systems, a Palo Alto-based provider of equipment, software and services to hospitals and healthcare providers, said on Wednesday it expects to complete the planned separation of its imaging components business by the end of January. The business will become a new stand-alone public company called Varex Imaging. As part of the separation, Varian will receive an approximate $200 million cash transfer from Varex immediately prior to the move. "The imaging vomponents business has gained momentum since last May when we announced the planned separation and we now believe that Varex can support this modest change in its planned capital structure," said Dow Wilson, the CEO of Varian. "The cash transfer from Varex Imaging provides Varian with the means to reduce debt and conduct further share repurchases. It also positions us to execute our long-term strategy, including supporting future strategic acquisitions." Following the separation, Varian will focus on technology and services to treat cancer, while Varex will focus on components, software and services for medical and industrial imaging.
http://www.varian.com/
http://newsroom.varian.com/2016-12-07-Varian-Medical-Systems-Announces-that-Planned-Separation-of-its-Imaging-Components-Business-will-include-an-Approximate-200-Million-Cash-Transfer-to-Varian
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o Online Sales Top $1 Billion for Record 11 Straight Days
Reston, Va. -- Beginning on Thanksgiving, U.S. consumers spent at least $1 billion online for a record 11 straight days, according to new figures from comScore. It marked the first time that desktop spending surpassed $1 billion each day in a Monday through Sunday week. "We're seeing billion-dollar shopping days become the new norm, with 11 consecutive days eclipsing that milestone on desktop -- a trend we expect to continue through the current week and beyond," said comScore CEO Gian Fulgoni. This holiday season also has seen sharp increases in mobile buying from smartphones and tablets. Mobile sales on Black Friday, for instance, totaled $797 million, up 41% from 2015 levels.
http://www.comscore.com/Insights/Press-Releases/2016/12/Eleven-Consecutive-Billion-Dollar-Days-of-Online-Desktop-Spending-from-Thanksgiving-through-Cyber-Week-Mark-the-Longest-Streak-Ever
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o Briefly Noted:
(San Francisco) San Francisco-based RiskIQ, developer of a cybersecurity platform designed to help clients find and mitigate threats across web, mobile and social channels, on Wednesday named Scott Gordon as its chief marketing officer (CMO). Gordon previously served as the CMO at ForeScout Technologies, and also has held executive and management roles at AccelOps, Protego, Axent and McAfee.
http://www.riskiq.com
http://www.businesswire.com/news/home/20161207005442/en/RiskIQ-Appoints-Security-Industry-Leader-Scott-Gordon
(Cupertino, Calif.) Cupertino-based Apple is finalizing a deal to open a flagship store at Carnegie Library in Washington, DC, the Washington Business Journal reported. Events DC, the city's sports and convention arm, reportedly is expected to approve a letter of intent for the project on Thursday. The 63,000-square-foot Mount Vernon Square venue was closed indefinitely in September because of a mold problem. With the deal, however, Apple would renovate the space to create a flagship store similar to those in San Francisco and London.
http://www.bizjournals.com/washington/news/2016/12/06/apple-agrees-to-open-flagshipstore-at-carnegie.html
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Job/Event/Services Listings:
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> California-based Marketing Representative - Fairfax County EDA
The Fairfax County (Virginia) Economic Development Authority seeks a Los Angeles/Orange County-based marketing and business development representative. Responsibilities include promoting Fairfax County as a technology center to California companies considering expansion to the east coast. Fairfax County, home to approximately 9,000 technology companies is located just outside of Washington DC. For further details, visit the FCEDA web site at http://www.fairfaxcountyeda.org/about-fceda/contracting-opportunities or contact Flor Morrobel at fmorrobel@fceda.org Responses are due on December 30, 2016 by 2:00 p.m. ET. Proposals submitted via email and/or fax will not be considered. Qualified applicants will be interviewed in California the week of February 6, 2017.
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> Vice President Product Management
We are looking for a strong Vice President of Product Management who will play a major growth role for a nearly 1 BN dollar, high growth, publicly traded, online marketplace and information services company, one of the leading technology companies in the United States. This is our oldest commercial client, 11+ years, and we can provide exceptional insights into the company's culture, its people, and the opportunity. In addition to the tactical Product skill sets and experiences required below, this executive must offer significant experiences interacting with C-level leaders. He or she will play an instrumental role in defining and shaping the Product function across the company, working closely with both the Division President and the Corporate CEO, and interacting daily with multiple peers in different functional areas. The company continues to grow rapidly, both organically and through acquisition. This leader will have a history of scaling a world-class product capability and team. The role is headquartered in our client's beautiful Los Angeles office. Full relocation is offered. Benefits are comprehensive. Compensation ranges from 280k - 375k, plus upfront equity and annual equity grants. Candidates must have a history of job stability, have a strong educational background, and be a pleasure to work with. The pace is fast, the opportunity to make an impact is significant, the people are bright and motivated, politics are kept to a minimum; it's very much a meritocracy. For more information or to apply, contact bill.hoffman@trustedforce.com.
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> Proven, Cost-effective IN-MARKET Support for Federal Contractors of all Sizes and Disciplines
KPYoung & Associates, Inc. provides proven, cost-effective support for Federal Contractors of all sizes and disciplines. Services include Growth Strategy; Marketing and Communications; Business Development; Capture Strategy / Proposal Response; and Business Management. Kevin Young is a long-time, Washington, DC-based resource as a Professional (IBM Federal, Unisys, SAIC); Management Consultant (Capgemini, CSC, Deloitte, Deltek, ITT, Leidos); Adjunct Professor (George Mason University's School of Business); and Thought Leader (Government Market Master™ Executive Education Program). Honors over 30-plus years include IBM Outstanding Achievement in Marketing Award, IBM Award of Excellence, and (as IBM site team) the Malcolm Baldrige National Quality Award. Federal clients and Contractor clients are available upon request; full credentials and references may be found via www.linkedin.com/in/kevinpyoung. For an introductory call, please contact Kevin at 703-794-1100 or kevinpyoung@earthlink.net.
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