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BAY AREA TECH WIRE -- April 19, 2017
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Sponsored By: Baird Global Technology Investment Banking
http://techservices.rwbaird.com/investment-banking/
o San Bruno-Based Sapho Lands $14 Million in Second Round
o San Francisco-Based Solv Lands $6.25 Million in First Round of Funding
o Redwood Shores-Based Oracle to Acquire Moat in Bid to Bolster Data Cloud
o Santa Rosa-Based Keysight Completes $1.6 Billion Acquisition of Ixia
o San Francisco-Based Riverbed Technology to Acquire Xirrus
o San Jose-Based Vizor Raises $2.3 Million in Seed Round
o Santa Clara-Based Ooyala Names Jonathan Huberman as New CEO
> Baird Commentary: How the IoT Revolution Is Driving Consolidation
o Briefly Noted: ServiceNow, Shutterfly, Trusona
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o San Bruno-Based Sapho Lands $14 Million in Second Round
San Bruno, Calif. -- Sapho, the San Bruno-based developer of an enterprise workforce portal designed to give employees key information they need to complete work faster and make better decisions, said on Wednesday it has raised $14 million in its second round of funding. Caffeinated Capital led the round, which also included participation from new investor Felicis Ventures and previous backers Alsop Louie Partners, SoftTech VC, Morado Ventures, AME Cloud and Bloomberg Beta. The company said it will sue the proceeds to build a global sales team and further bolster its platform. Sapho's portal technology surfaces relevant tasks and data using micro apps delivered to any device, intranet or messenger. "While today's enterprise systems of record are great at storing and manipulating data, they are not great at presenting that data and associated work flows back to employees in an easy-to-use way," said co-founder and CEO Fouad ElNaggar. "If employees hate the front end and refuse to use them, the systems themselves become useless for a majority of workers." Clients include Boral, HCL and Turner Broadcast Systems.
http://www.sapho.com
http://www.prnewswire.com/news-releases/sapho-raises-14m-in-oversubscribed-series-b-financing-to-continue-transforming-how-people-work-300441533.html
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o San Francisco-Based Solv Lands $6.25 Million in First Round of Funding
San Francisco -- Solv, the San Francisco-based developer of a new service that lets users find and book same-day doctor's appointments at urgent care clinics, said on Wednesday it ahs landed $6.25 million in its first round of funding, led by Benchmark Capital. Theresia Gouw of Aspect Ventures and Malay Gandhi of Ensemble Labs also took part in the round, which the company will use to expand its private beta to more patients and providers in the Dallas-Fort Worth area, as well as expand to more cities and grow its staff. Bill Gurley of Benchmark Capital will join the company's board of directors. Solv's mobile app lets patients find urgent care providers based on location and symptoms, then choose an appointment time. Once users upload a photo of their insurance card, the tool reads the information and confirms coverage. If the user is paying out-of-pocket, it reveals cash prices. On the other end, Solv's scheduling software is designed to help clinic owners manage reservations, streamline operations and reduce wait times.
https://www.solvhealth.com/
http://www.prnewswire.com/news-releases/solv-closes-625-million-series-a-from-benchmark-capital-300441966.html
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o Redwood Shores-Based Oracle to Acquire Moat in Bid to Bolster Data Cloud
Redwood Shores, Calif. -- Oracle, the Redwood Shores-based database technology giant, said on Wednesday it will acquire New York-based digital measurement cloud company Moat. Financial terms of the deal were not disclosed. Oracle said that Moat's analytics and intelligence tools will complement the audience targeting and measurement technology in its Oracle Data Cloud. "Oracle Data Cloud now offers brands and publishers a full suite of targeting and measurement solutions to improve the outcome of virtually every type of digital advertising campaign," Eric Roza, the senior vice president and general manager of Oracle Data Cloud. Moat, which will remain an independent platform, provides measurement, analytics and intelligence to brands such as Nestle, Procter & Gamble and Unilever, as well as publishers such as ESPN, Facebook, NBCUniversal, Snapchat and YouTube.
https://moat.com/
http://www.oracle.com
https://www.oracle.com/corporate/pressrelease/oracle-buys-moat-041817.html
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o Santa Rosa-Based Keysight Completes $1.6 Billion Acquisition of Ixia
Santa Rosa, Calif. -- Keysight Technologies, the Santa Rosa-based developer of test and measurement tools, said it has completed its $1.6 billion acquisition of Calabasas-based Ixia. The news comes three months after the company said it would pay $19.65 a share for Ixia, a developer of application testing, visibility and security tools. The combined company will develop technologies spanning electronic design, device and network validation, and application and security performance. "This complementary combination accelerates several of our strategies for growth, including expanding our software solutions and software engineering capability," said Ron Nersesian, Keysight's president and CEO. "We have also broadened our reach within the communications development lifecycle, and will build and grow Ixia's established strong position in the fast-growing visibility and security markets." Ixia, which no longer will be traded on the Nasdaq Global Select Market, has more than 1,800 employees, as well as 400 patents issued and pending.
http://www.keysight.com
http://www.ixiacom.com
http://about.keysight.com/en/newsroom/pr/2017/18apr-nr17032.shtml
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o San Francisco-Based Riverbed Technology to Acquire Xirrus
San Francisco -- Riverbed Technology, a San Francisco-based developer of application performance infrastructure technology, said on Wednesday it will acquire Thousand Oaks-based Xirrus, a developer of Wi-Fi networks. Financial terms of the deal, expected to close later this month, were not disclosed. Riverbed said the acquisition will expand its SD-WAN (software-defined wide area network) and cloud networking platform. The company also plans to continue offering Xirrus on a standalone basis. The news comes more than year after acquired SD-WAN provider Ocedo Networks and launched its SteelConnect cloud networking platform.
http://www.riverbed.com
https://www.xirrus.com/
https://www.riverbed.com/press-releases/riverbed-announces-definitive-agreement-to-acquire-leading-cloud-enabled-wifi-networks-provider-xirrus-further-strengthening-sdwan-solution.html
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o San Jose-Based Vizor Raises $2.3 Million in Seed Round
San Jose, Calif. -- Vizor, a San Jose-based developer of virtual reality (VR) software, said on Wednesday it has raised $2.3 million in a round of seed funding. The Venture Reality Fund (The VR Fund) and Inventure co-led the round, which also included participation from Boost VC, Lifeline Ventures and Sisu Game Ventures. Marco DeMiroz of The VR Fund and Ekaterina Gianelli of Inventure will join the company's board of directors. In addition, Vizor announced the private beta launch of its VR creation and hosting platform, which allows users to produce 360-degree tours, stories and WebVR experiences by dragging and dropping media components.
http://www.vizor.io
http://www.businesswire.com/news/home/20170419005543/en/Virtual-Reality-Software-Innovator-Vizor-Raises-2.3
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o Santa Clara-Based Ooyala Names Jonathan Huberman as New CEO
Santa Clara, Calif. -- Ooyala, a Santa Clara-based provider of video monetization technology and services, on Wednesday named Jonathan Huberman as its new CEO. Huberman, who succeeds Issac Vaughn, most recently was the CEO of Syncplicity, a developer of enterprise file collaboration. technology acquired by Axway in February. He also has served as the CEO of Tiburon and the president of EMC's consumer and small business division. Ooyala is a U.S. subsidiary of global telecommunications and IT services company Telstra.
http://www.ooyala.com/
http://www.ooyala.com/about/press/ooyala-appoints-jonathan-huberman-ceo
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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:
(Santa Clara, Calif.) Santa Clara-based cloud computing giant ServiceNow has named Brian Marvin as its vice president of federal sales, based in Washington, DC. Marvin most recently served as the vice president of North America commercial and federal sales at Blackboard, and previously held a series of leadership positions during his eight-year career at BMC Software.
https://www.servicenow.com/company/media/press-room.html
(Redwood City, Calif.) Redwood City-based Shutterfly, a manufacturer and online retailer of personalized photo products and services, said it has added $140 million to its ongoing share repurchase program, increasing the total amount available for repurchase to $202.8 million. Over the past three years, the company has repurchased 9.8 million shares for a total of $437.2 million.
http://ir.shutterfly.com/releasedetail.cfm?ReleaseID=1021736
(San Francisco) San Francisco-based Trusona, developer of a secure identity authentication platform, on Wednesday named Karen Dayan as its chief marketing officer (CMO). Dayan most recently served as the vice president of corporate marketing at 41st Parameter, and previously was the vice president of marketing at Criteo.
http://www.trusona.com
http://www.prnewswire.com/news-releases/karen-dayan-appointed-chief-marketing-officer-of-trusona-300441793.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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