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BAY AREA TECH WIRE -- April 12, 2017
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Sponsored By: Baird Global Technology Investment Banking
http://techservices.rwbaird.com/investment-banking/
o Mountain View-Based Peloton Technology Raises $60 Million in Funding
o Palo Alto-Based Accel Co-Leads $180 Million Round for Qualtrics
o San Francisco-Based Dialpad Names Richard Rivera as Chief Revenue Officer
o S.F.-Based Blockstream Names Samson Mow as Chief Strategy Officer
> Baird Commentary: How the IoT Revolution Is Driving Consolidation
o Briefly Noted: cPacket Networks, Sales Bootcamp - Inside Sales Bootcamp,
Textmunication
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> Job/Event/Marketplace Classified Listings (Full Listings Below Stories)
--Baird Global Technology Investment Banking
--8 Habits of Effective Critical Thinkers
--Mid-Atlantic Marketing Summit - April 21 - DC
Full Job, Event, Marketplace and Services Descriptions Below in Classified Ad Section
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o Mountain View-Based Peloton Technology Raises $60 Million in Funding
Mountain View, Calif. -- Peloton Technology, a Mountain View-based developer of connectivity, automation and data analytics tools designed to improve the safety and efficiency of freight transportation, said on Wednesday bit has raised $60 million in its second round of funding, led by Omnitracs. Previous backers Intel Capital, DENSO International America, BP Ventures, Lockheed Martin, Nokia Growth Partners, UPS Strategic Enterprise Fund, Volvo Group, Sand Hill Angels, Band of Angels and Birchmere Ventures also participated, along with new investors B37 Ventures, Mitsui USA, Okaya, Schlumberger, US Venture and Breakthrough Fuel. The company, which now has raised $78 million since its inception, said it will use a portion of the proceeds to roll out its commercial two-truck driver-assistive platooning system later in 2017. The technology links the active safety systems of pairs of trucks and connects them to a cloud-based network operations center in a bid to improve their safety, fuel savings and operational efficiency.
http://www.peloton-tech.com
http://www.businesswire.com/news/home/20170412005437/en/Peloton-Technology-Secures-60M-Fuel-Commercial-Truck
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o Palo Alto-Based Accel Co-Leads $180 Million Round for Qualtrics
Palo Alto, Calif. -- Accel, the Palo Alto-based technology venture capital firm, said on Wednesday it has co-led a new $180 million round of funding for Utah-based Qualtrics, a developer of experience management software. The round, co-led by Insight Venture Partners, values the company at $2.5 billion. Accel said the deal marks the single largest aggregate investment in its history. "From a revenue standpoint, Qualtrics is already the size of most public companies and there's room for a lot more growth considering the large and expanding market in which they play," said Ryan Sweeney, a partner at Accel and Qualtrics board member. Sequoia Capital also participated in the round. Qualtrics's XM platform is designed to let clients manage customer, product, employee and brand experiences on a single system. The company has named Murray Demo, the chief financial officer (CFO) of Atlassian, to its board of directors, where he will chair the audit committee.
https://www.accel.com/
http://www.prnewswire.com/news-releases/qualtrics-raises-180m-funding-round-following-major-new-product-launch-300438394.html
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o San Francisco-Based Dialpad Names Richard Rivera as Chief Revenue Officer
San Francisco -- Dialpad, the San Francisco-based developer of a business communications system that lets employees talk, text, make video calls and meet online on any device, has named Richard Rivera as its chief revenue officer. Rivera previously held multiple executive positions at Fuze, most recently serving as its senior vice president of worldwide service and revenue operations. The news comes four months after Dialpad named Steven Love as its first chief financial officer (CFO). The company, which counts more than 40,000 clients, is backed by Amasia, Andreessen Horowitz, Felicis Ventures, GV (formerly Google Ventures), Softbank and Work-Bench.
https://dialpad.com/
https://dialpad.com/press/dialpad-appoints-chief-revenue-officer
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o S.F.-Based Blockstream Names Samson Mow as Chief Strategy Officer
San Francisco -- Blockstream, a San Francisco-based developer of blockchain and related fintech technologies, on Wednesday named Samson Mow as its chief strategy officer. Mow previously served as the chief operating officer (COO) of BTCChina, a large digital currency exchange and mining pool. In his new role, he will help spearhead the company's global expansion, particularly in Asia. "As we accelerate and shift to the launch and marketing of our enterprise and consumer products, Samson will be undertaking a number of immediate strategic initiatives, including the establishment of Blockstream offices in China and Canada," said CEO Adam Back. Blockstream in early 2016 raised $55 million in its first round of funding, co-led by Horizons Ventures, AXA Strategic Ventures and Digital Garage.
http://www.blockstream.com
http://www.prnewswire.com/news-releases/blockstream-welcomes-samson-mow-as-chief-strategy-officer-300438516.html
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Baird Commentary: How the IoT Revolution Is Driving Consolidation
In a recent commentary on the ever-evolving Internet of Things (IoT) revolution, Baird's senior technology bankers discuss how the proliferation of IoT-enabled software and services and ongoing industry consolidation.
Today's sophisticated IoT software and systems not only connect disparate devices, they collect, verify and cleanse data -- diminishing the long-time challenge of cutting through "noise" inherent to data aggregation and facilitating in-depth analysis and application of the collected information into actionable intelligence. This IoT revolution is quickly catching up to its hype by transforming businesses across many sectors. The value of IoT technology has become imperative, and growing demand is fueling tremendous acquisition interest from a diverse range of buyers, pushing competition higher and accelerating consolidation in the space.
Read Baird's insights into this rapidly evolving space and the related M&A activity:
http://www.rwbaird.com/news/Unlocking-Intelligence
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o Briefly Noted:
(San Jose, Calif.) San Jose-based cPacket Networks, a developer of network performance monitoring and analytics tools, has named Bruce Clark as its vice president of worldwide sales. Clark previously developed the global sales and channel programs at Network Instruments, and earlier helped lead JDSU's 2015 merger with Network Instruments. .
https://www.cpacket.com/news/cpacket-networks-appoints-new-worldwide-sales-lead-tackle-increasing-global-need-performance-monitoring-critical-networks/
(San Francisco) San Francisco-based Sales Bootcamp said on Wednesday it has acquired Inside Sales Bootcamp and released a free online sales course for those interested in careers in tech sales. Financial terms of the deal were not disclosed. The combined offering includes online video training, daily assignments and assessments, personalized coaching, online office hours, resume workshops and application and interview training.
http://salesbootcamp.com
http://www.businesswire.com/news/home/20170412005439/en/Sales-Bootcamp%E2%84%A2-Acquires-Insides-Sales-Bootcamp-Launches
(Pleasant Hill, Calif.) Pleasant Hill-based Textmunication, developer of a cloud-based mobile SMS marketing platform, has named Rajeev Varshneya as technical advisor. Varshneya previously served as an executive at Philips Electronics, including as the CEO of Philips Software Center.
http://www.textmunication.com
http://finance.yahoo.com/news/textmunication-holdings-inc-appoints-former-154300345.html
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> Baird Commentary: How the IoT Revolution Is Driving Consolidation
In a recent commentary on the ever-evolving Internet of Things (IoT) revolution, Baird's senior technology bankers discuss how the proliferation of IoT-enabled software and services and ongoing industry consolidation. Today's sophisticated IoT software and systems not only connect disparate devices, they collect, verify and cleanse data -- diminishing the long-time challenge of cutting through "noise" inherent to data aggregation and facilitating in-depth analysis and application of the collected information into actionable intelligence. This IoT revolution is quickly catching up to its hype by transforming businesses across many sectors. The value of IoT technology has become imperative, and growing demand is fueling tremendous acquisition interest from a diverse range of buyers, pushing competition higher and accelerating consolidation in the space. Read Baird's insights into this rapidly evolving space and the related M&A activity: http://www.rwbaird.com/news/Unlocking-Intelligence
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> 8 Habits of Effective Critical Thinkers
Critical thinking - the ability to make decisions, solve problems, and take appropriate action - has been identified as a key skill by educators, business leaders and governments. Here are eight ways to become a better critical thinker at work and in life.
http://www.fairfaxcountyeda.org/bay-area-tech-wire
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