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BAY AREA TECH WIRE -- April 24, 2017
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Sponsored By: Fairfax County Economic Development Authority
http://www.fairfaxcountyeda.org/bay-area-tech-wire
o Spain's Grifols to Build $80 Million Manufacturing Facility in Emeryville
o San Francisco's SSB BART Group Lands $40 Million from JMI Equity
o San Carlos-Based Personal Capital Promotes Jay Shah to CEO
o FTC Approves Settlement with Redwood City-Based Turn
o Survey: Declining Worldwide Trust in the Internet Impacting E-Commerce
> 8 Habits of Effective Critical Thinkers
o Briefly Noted: Roostify, Jaunt, Sentry Control Systems
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--8 Habits of Effective Critical Thinkers
--Baird Global Technology Investment Banking
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o Spain's Grifols to Build $80 Million Manufacturing Facility in Emeryville
Emeryville, Calif. -- Grifols, a Spain-based developer of technology devices designed to detect or diagnose certain medical conditions, said on Monday it will build an $80 million biological manufacturing facility in Emeryville. The facility will manufacture a range of diagnostic antigens, including proteins expressed in E. coli, yeast and mammalian cells. The new facility is expected to be completed in 2018. The news follows a multi-year contract extension to continue supplying antigens to OraSure Technologies. "Grifols' expanded manufacturing capabilities will allow us to continue to meet the demand for our growing portfolio of specialized diagnostics reagents," said Ramon Biosca, vice president and general manager of of the company's Diagnostic Solutions unit.
http://www.grifols.com
http://www.prnewswire.com/news-releases/grifols-strengthens-position-as-global-provider-of-diagnostic-testing-solutions-with-five-year-extension-of-orasure-technologies-agreement-and-a-new-manufacturing-facility-300443749.html
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o San Francisco's SSB BART Group Lands $40 Million from JMI Equity
San Francisco -- SSB BART Group, a developer of tools designed to help clients make technology more accessibility to people with disabilities, said on Monday it has landed a $40 million investment from software investment firm JMI Equity. The Virginia-based company, which has West Coast offices in San Francisco, said it will use the proceeds to expand its business and its core Accessibility Management Platform (AMP). "As the number of accessibility lawsuits rises, more organizations are realizing they lack the technical expertise to test and remediate their systems," said CEO Tim Springer. "Our [platform] steps in to fill the gap in their development team and integrates accessibility into the software development cycle. JMI's investment will allow us to grow our team, expand our reach and develop exciting features for AMP faster than we could do it alone." SSB, which plans to change its name to Level Access in the coming months, offers software, consulting and training that help clients comply with relevant laws, standards and guidelines, such as the Americans with Disabilities Act (ADA), Web Content Accessibility Guidelines (WCAG) and 21st Century Communications and Video Accessibility Act (CVAA).
http://www.ssbbartgroup.com
http://www.ssbbartgroup.com/blog/ssb-bart-group-receives-40-million-strategic-growth-investment-jmi-equity/
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o San Carlos-Based Personal Capital Promotes Jay Shah to CEO
San Carlos, Calif. -- Personal Capital, a San Carlos-based wealth management firm providing online financial tools and financial advisory services, said on Monday it has promoted Jay Shah to CEO. Shah, most recently the company's chief operating officer (COO), succeeds Bill Harris, who will continue as chairman. He also previously served as the chief information officer (CIO) of E-Loan. "I've worked with Jay since the early days of the company seven years ago, and I couldn't be more pleased to see him take on the role of CEO," said Harris. "In that time, he has occupied roles of successively increased responsibility and has always delivered." Personal Capital currently counts 1.3 million registered users and manages more than $4.2 billion of investment capital.
https://www.personalcapital.com/
http://www.prnewswire.com/news-releases/jay-shah-promoted-to-ceo-of-personal-capital-300443982.html
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o FTC Approves Settlement with Redwood City-Based Turn
Redwood City, Calif. -- The Federal Trade Commission (FTC) said it has approved a deal to settle charges against Redwood City-based digital advertising company Turn, which the agency said deceived consumers by tracking them online and through their mobile apps, even after they opted out. The company, whose technology is designed to help sellers target digital ads, first agreed to the settlement in December. According to the complaint, Turn used unique identifiers to track tens of millions of Verizon Wireless customers, even after they blocked or deleted cookies from websites. In addition, the agency alleged that Turn's opt-out mechanism only applied to mobile browsers, and did not block tailored ads on mobile apps as the company claimed. The settlement bars Turn from misrepresenting the extent of its online tracking or the ability of users to limit or control the company's use of their data. The company also must provide an effective opt-out for consumers and place a prominent link on its home page taking consumers to a disclosure explaining what information it collects and uses for targeted advertising.
https://www.ftc.gov/news-events/press-releases/2017/04/ftc-approves-final-consent-order-online-company-charged?utm_source=govdelivery
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o Survey: Declining Worldwide Trust in the Internet Impacting E-Commerce
Geneva, Switzerland -- Internet users around the globe are increasingly concerned about their online privacy, with 49% citing lack of trust as their main reason for not shopping online, according to a new survey by Ipsos and the Centre for International Governance Innovation (CIGI). The survey, conducted in collaboration with the United Nations Conference on Trade and Development (UNCTAD) and the Internet Society, comes as data breaches and the reported hacking of elections in several European countries continues to capture international headlines. "The lifeblood of the Internet is trust, and when that is damaged, the consequences for the digital economy are nearly irreparable," said Fen Osler Hampson, the director of CIGI's global security and politics program. The 24,225 Internet users surveyed listed cybercriminals (82%) as their top source of concern, followed by Internet companies (74%) and governments (65%). Lack of trust is most likely to keep people off e-commerce platforms in the Middle East, Africa and Latin America, suggesting that the potential gains of e-commerce are not spread evenly around the globe. The survey also revealed great differences in e-commerce behavior when it came to how users are purchasing goods online. For example, in China, India and Indonesia, more than 86% of respondents expect to make mobile payments on their smartphone in the next year, compared with less than 30% in France, Germany and Japan. The complete survey is at the link below.
https://www.cigionline.org/internet-survey
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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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o Briefly Noted:
(San Francisco) San Francisco-based Roostify, a developer of automated mortgage transaction technology, on Monday named Frank Gelbart as its chief revenue officer. Gelbart most recently served as the president and CEO of Appfluent Technology, a business intelligence infrastructure company acquired by Attunity in 2015. Earlier, he was the vice president of worldwide sales at Peakstone.
https://www.roostify.com/press-release-archive/2017/4/24/roostify-names-frank-gelbart-as-chief-revenue-officer
(Palo Alto, Calif.) Palo Alto-based Jaunt, a developer of hardware, software and other technology used in cinematic virtual reality, on Monday named Jean-Christophe Curelop as its head of sales. Curelop most recently served as the head of business development for digital media at Nokia, and previously served as a vice president at Paramount Pictures.
https://www.jauntvr.com/
http://www.businesswire.com/news/home/20170424006088/en/Jaunt-Expands-Sales-Leadership-Team-Addition-Jean-Christophe
(Burlingame, Calif.) Van Nuys-based Sentry Control Systems, a developer of hardware and software for the parking industry, said on Monday it has opened a new office in Burlingame. The company recently completed the installation of a new parking package at Pier 39 in San Francisco, and its parent, Skidata, was selected last year by the San Francisco Municipal Transportation Agency to upgrade 22 parking garages throughout the city.
http://www.sentrycontrol.com
http://www.businesswire.com/news/home/20170424006189/en/Sentry-Control-Systems-Expands-San-Francisco-Bay
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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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> 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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