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BAY AREA TECH WIRE -- April 25, 2017
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o Elliott Management's Menlo Park Arm Invests in ASG Technologies
o Palo Alto-Based Kyndi Names Marketo Veteran Amy Guarino as COO
o Wikipedia Co-Founder Launches New Site to Help Combat "Fake News"
o Survey: Dealmakers Expecting Tech M&A Activity to Accelerate
> 8 Habits of Effective Critical Thinkers
o Briefly Noted: MapR Technologies, Marvell Technology Group
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> Job/Event/Marketplace Classified Listings (Full Listings Below Stories)
--8 Habits of Effective Critical Thinkers
--Baird Global Technology Investment Banking
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o Elliott Management's Menlo Park Arm Invests in ASG Technologies
Menlo Park, Calif. -- Hedge fund manager Elliott Management said on Tuesday that its Menlo Park-based Evergreen Coast Capital technology arm has invested an unspecified amount in Florida-based enterprise IT software company ASG Technologies. Elliott also said it plans to invest additional capital into the company to support growth, both organically and through acquisitions. ASG, led by CEO Charles Sansbury, has developed software products focused on content management, systems management, workspaces and enterprise data intelligence. The company boasts more than 4,000 customers. "This will be our second stint investing behind Charles who helped lead The Attachmate Group," said Jesse Cohn, senior portfolio manager at Elliott. "We are enthusiastic about the prospects of investing more capital in ASG to grow the business."
http://www.asg.com
http://www.businesswire.com/news/home/20170425005482/en/ASG-Technologies-Group-Receives-Strategic-Investment-Elliott
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o Palo Alto-Based Kyndi Names Marketo Veteran Amy Guarino as COO
Palo Alto, Calif. -- Kyndi, a Palo Alto-based developer of artificial intelligence technology, on Tuesday named Amy Guarino as its chief operating officer (COO). Guarino most recently served as the vice president of customer sales at Marketo, and also was an executive with Marketo KK (Japan), a joint venture between Marketo, Dentsu eMarketing One and Sunbridge. In her new role, she will be responsible for all of the company's go-to-market activities, as well as its operations. "Amy brings a spectacular track record and deep understanding of how to build a successful software company," said CEO Ryan Welsh.
http://www.kyndi.com
http://www.businesswire.com/news/home/20170425005627/en/Artificial-Intelligence-Innovator-Kyndi-Appoints-Sales-Marketing
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o Wikipedia Co-Founder Launches New Site to Help Combat "Fake News"
London -- Hoping to curb the growing problem of online "fake news," the co-founder of Wikipedia on Tuesday launched a new spinoff site that aims to fact-check articles. The site, Wikitribune, will pair professional journalists with volunteers assigned to vet them for accuracy. "This will be the first time that professional journalists and citizen journalists will work side-by-side as equals writing stories as they happen, editing them live as they develop, and at all times backed by a community checking and rechecking all facts," founder Jimmy Wales told the U.K. Guardian. Wales said the inspiration for the site came from Trump spokesperson Kellyanne Conway's reference to "alternative facts." The site, which will be supported by a crowd-funding campaign, plans to cover issues such as U.S. and U.K. politics, as well as an array of science and technology issues. The new site is not affiliated with the San Francisco-based Wikimedia Foundation, which operates Wikipedia.
https://www.wikitribune.com/
https://en.wikipedia.org/wiki/Wikitribune
https://www.theguardian.com/technology/2017/apr/25/wikipedia-founder-jimmy-wales-to-fight-fake-news-with-new-wikitribune-site
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o Survey: Dealmakers Expecting Tech M&A Activity to Accelerate
San Francisco -- Following a slowdown in technology M&A deals during the first quarter, deal activity is expected to accelerate over the remainder of 2017, according to a new survey of more than 150 executives and investment bankers by Morrison & Foerster. More than half the respondents (52%) still expect deal flow to top last year's levels, while 54% forecast an increase in private equity activity, as well. "The survey forecast represents the most bullish outlook in two years," said Robert Townsend, the co-chair of Morrison & Foerster's Global M&A Practice Group. "The slight slowdown in Q1 activity is almost entirely attributable to less shopping by corporate acquirers. Still, we are encouraged by the optimism around tech M&A in the U.S. for the rest of the year." Complete survey results are available at the link below.
https://www.mofo.com/special-content/spotlight-ma-and-leaders-survey/
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o Briefly Noted:
(San Jose, Calif.) San Jose-based MapR Technologies, developer of a converged data platform, on Tuesday named George Roberts to its board of directors. Roberts previously served as the executive vice president of North America at Oracle. He will serve as the nominating and corporate governance committee, and as chair of the compensation committee.
https://mapr.com/company/press-releases/board-of-directors-george-roberts/
(Santa Clara, Calif.) Santa Clara-based Marvell Technology Group, a developer of storage, networking and wireless connectivity tools, on Tuesday named Neil Kim as its chief technology officer (CTO). Kim most recently served as the executive vice president of operations and central engineering at Broadcom, and earlier was the vice president of engineering at Western Digital.
http://www.marvell.com/company/news/pressDetail.do?releaseID=9116
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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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