Tuesday, April 18, 2017

Bay Area Tech Wire - April 18

BAY AREA TECH WIRE -- April 18, 2017
To subscribe: www.bayareatechwire.com

Menlo Park-Based Silver Lake Raises $15 Billion for Fifth Investment Fund
o Redwood Shores-Based Reltio Lands $40 Million in Third Round
San Francisco-Based Mux Raises $9 Million in First Round of Funding
o Google Reaches $22.5 Million Settlement with Disgruntled Advertisers
o Turkey's Cardtek Hires New CEO, Plans to Open San Jose Office
o Briefly Noted: Vidder, comScore - Facebook, IntelePeer

> Job/Event/Marketplace Classified Listings (Full Listings Below Stories)

--Baird Global Technology Investment Banking
--Mid-Atlantic Marketing Summit - April 21 - DC

Full Job, Event, Marketplace and Services Descriptions Below in Classified Ad Section

Post Job/Event/Marketplace ad at: http://www.bayareatechwire.com


o Menlo Park-Based Silver Lake Raises $15 Billion for Fifth Investment Fund

Menlo Park, Calif. -- Silver Lake, the Menlo Park-based technology investment firm said on Tuesday it has raised $15 billion for its fifth fund, known as Silver Lake Partners V fund. The firm, which now manages about $39 billion, said it will use the fund to make large-scale investments in the global tech sector. "We remain intensely focused on Silver Lake's differentiated strategy of global technology investing, which positions us to partner with the world's premier management teams," said Managing Partners Mike Bingle, Egon Durban, Ken Hao and Greg Mondre in a statement. Silver Lake invests in a broad spectrum of tech industries, ranging from semiconductors, software and cloud computing to transaction processing, IT infrastructure, cybersecurity and e-commerce. It also makes vertical specific technology investments in the energy, healthcare, financial services and media sectors. Current portfolio companies include Alibaba Group, Ancestry, Broadcom Limited, Cast & Crew, Ctrip, Dell Technologies, Fanatics, Global Blue, GoDaddy, Motorola Solutions, Red Ventures, Sabre, SoFi, SolarWinds, Symantec and WME-IMG.
http://www.silverlake.com/Images/Uploads/docs/Silverlake18041704241720633.pdf (PDF)

o Redwood Shores-Based Reltio Lands $40 Million in Third Round

Redwood Shores, Calif. -- Reltio, the Redwood Shores-based developer of a data management platform as a service, said on Tuesday it has landed $40 million in its third round of funding, led by New Enterprise Associates (NEA). New investor Sapphire Ventures and previous backers Crosslink Capital and .406 Ventures also participated in the round, which the company will use to bolster engineering, sales and marketing activities and expand its global footprint. Reltio, which recently opened an office in India, said it plans to increase its headcount by more than 50% this year. The company said its Reltio Cloud platform combines data-driven applications with data management to help clients improve planning, customer engagement and risk management.

o San Francisco-Based Mux Raises $9 Million in First Round of Funding

San Francisco -- Mux, a San Francisco-based developer of video streaming analytics tools, said on Tuesday it has raised $9 million in its first round of funding, led by Accel. The company also counts Y Combinator, Susa Ventures, Advancit Capital, SV Angel, Lowercase Capital, Liquid 2 Ventures, Pathbreaker Ventures and individuals including Parse's Ilya Sukhar and Heroku's James Lindenbaum among its investors. Daniel Levine of Accel will join the company's board of directors. Mux's analytics dashboard and real-time alerts are designed to help online video publishers battle issues such as rebuffering, errors, low quality, slow load times and broken ads to deliver better experiences to viewers. "Developers need data to run infrastructure, but most online video publishers still don't measure and monitor their streaming video," said co-founder and CEO Jon Dahl "Mux's analytics platform gives developers the data they need to build reliable and scalable video platforms." Current customers include PBS, IGN, Livestream, Wistia and Funny or Die. The team behind Mux also created cloud video encoding startup Zencoder, which was acquired by Brightcove in 2012.

o Google Reaches $22.5 Million Settlement with Disgruntled Advertisers

San Francisco -- Google has agreed to pay $22.5 million to settle claims from some of its disgruntled AdWords advertisers, who alleged their ads were being placed on web pages that nobody saw, the plaintiff's attorneys said Tuesday. According to the suit, the company allegedly failed to disclose to customers that some of their ads were being placed on parked domains -- websites with little of no content -- and error pages during a four-year period ending in 2008. Google denied the allegations, leading to nine years of court proceedings. The Ninth Circuit two years ago issued a key ruling allowing the case to proceed, and on March 9, U.S. District Court Judge Edward Davila granted preliminary approval of the proposed settlement, which still must gain final approval. Under its terms, class members who submit claims will receive payment in proportion to the amount they spent on the ads in question. "We are gratified by this excellent result for millions of AdWords advertisers," said lead counsel Noah Schubert of Schubert Jonckheer & Kolbe.

o Turkey's Cardtek Hires New CEO, Plans to Open San Jose Office

San Jose, Calif. -- Cardtek, a Turkish developer of payment technologies, on Tuesday named Turgut Guney as its new CEO and announced plans to open a new office in San Jose as it looks for international growth. Guney most recently served as the chief operating officer (COO) of Akbank, and previously was the chief information officer (CIO) at TEB. Ayse Nil Sarigollu will continue to serve as executive chairman. The office, located at 99 S. Almaden Blvd., will be its second in the U.S. The moves come after MV Holding and Revo Capital acquired a 24% stake in the company last year. "Our focus is the global market, and becoming one of the leaders in this market," said Sarigollu. "As the second major step in our globalization plan, we simplified our partnership structure and are transforming the company with a new management team." Founded in 2001, Cardtek has payment technologies to more than 150 customers, including financial institutions, processors, telecom operators, personalization bureaus, retailers, terminal and card vendors and public transportation authorities. The company currently focuses on mobile payment, open-loop transit and wearable payment technologies.

o Briefly Noted:

(Campbell, Calif.) Campbell-based Vidder, a developer of technology that provides access control across internal networks, clouds and external users, on Tuesday named Gregory Ness as its vice president of marketing. Ness most recently was the vice president of worldwide marketing at CloudVelox, and previously served as the chief marketing officer (CMO) of Vantage Data Centers.

(Menlo Park, Calif.) Digital audience measurement firm comScore said on Tuesday it will add demographic metrics from Menlo Park-based Facebook to its campaign measurement platform, known as vCE. Beginning next month, the platform will include measurement of both display and video ads that run on desktop and mobile platforms on Facebook, Instagram and the Facebook Audience Network.

(San Mateo, Calif.) San Mateo-based IntelePeer, a provider of business communications services including cloud-based communications, cloud contact center, enterprise voice services and SIP trunking, on Tuesday named Rob Clarke as its chief commercial officer. Clarke, who will lead the company's sales efforts, most recently led global sales, professional services and customer success at Serenova (formerly LiveOps Cloud). Earlier, he held sales and leadership positions at ShoreTel and Extreme Networks.

Job/Event/Services 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

> 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 


> 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/

Subscribe to other newsletters from Tech Wire Media Group:

Potomac Tech Wire: http://www.potomactechwire.com
Bay Area Tech Wire: http://www.bayareatechwire.com
New England Tech Wire: http://www.newenglandtechwire.com

Advertising: If you are interested in advertising in our newsletters, call
Paul Sherman at 1-301-656-0057 x1103 or send email to paul@techwiremedia.com

News tips, press releases. Send email to:

Tech Wire Mailing Address:
P.O. Box 15180
Washington, DC 20003

Copyright: CapWire Inc. 2017




To unsubscribe/change profile: click here

To subscribe: click here

No comments:

Post a Comment