Tuesday, April 4, 2017

Bay Area Tech Wire - April 4

BAY AREA TECH WIRE -- April 4, 2017
Mid-Atlantic Marketing Summit (April 21st) - DC

San Francisco-Based Yelp Acquires Turnstyle Analytics
o S.F.-Based Synchron Lands $10 Million in First Round of Funding
San Francisco's Move Guides Acquires Teleport
GP Strategies Acquires Los Gatos-Based Emantras
San Francisco-Based McKesson Completes Deal for CoverMyMeds
o Briefly Noted: Skyhigh Networks, CamberView Partners

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

--The Shifting Sands of Employee Motivation
--Mid-Atlantic Marketing Summit - April 21 - DC

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

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o San Francisco-Based Yelp Acquires Turnstyle Analytics

San Francisco -- Yelp, the San Francisco-based operator of a local business reviews site, said on Tuesday it has paid $20 million in cash to acquire Toronto-based Wi-Fi marketing company Turnstyle Analytics. Founded in 2012, Turnstyle has developed a location-based marketing and analytics platform that gives consumers access to free guest Wi-Fi. Businesses then use information gathered during the process to build highly targeted customer contact lists, and can gain insights into visit frequency and duration. The service currently supports nearly 3,500 business locations. Yelp said the acquisition expands its offerings for customer retention and loyalty.

o S.F.-Based Synchron Lands $10 Million in First Round of Funding

San Francisco -- Synchron, a San Francisco-based startup developing minimally invasive neural interface technology, said on Tuesday it has raised $10 million in its first round of funding, led by Neurotechnology Investors. The Department of Defense, including the Defense Advanced Research Projects Agency (DARPA), also participated. The company said it will use the proceeds to launch human clinical trials of Stentrode, a technology system that it said eventually could let paralyzed patients control assistive technologies -- like robotic limbs, exoskeletons and communication aids -- directly from their brains. Synchron said the tiny system, implanted in blood vessels without the need for open brain surgery, may ultimately help diagnose and treat a range of brain pathologies, such as epilepsy and movement disorders. "We have designed a product to attempt to overcome the greatest challenge facing other neural interfaces -- chronic brain tissue scarring," said founder and CEO Thomas Oxley.

o San Francisco's Move Guides Acquires Teleport

San Francisco -- Move Guides, a U.K.-based developer of tools designed to help companies move and manage mobile workers, with U.S. headquarters in San Francisco, said it has acquired Estonia-based Teleport, developer of apps designed to help knowledge workers find their best places to live and work. Financial terms of the deal were not disclosed. Teleport was founded in 2014 by early Skype employees Sten Tamkivi and Silver Keskküla while Tamkivi was an entrepreneur-in-residence at Andreessen Horowitz. Its core product, Teleport Cities, provides income and cost and quality of life data for 260 cities, and counted approximately 250,000 users last year. Beyond search, Teleport provides features for on-demand moving advice and automated task lists. Tamkivi and Keskküla will join Move Guides' leadership team, with Teleport Cities remaining live under the brand Teleport. Brynne Kennedy, the founder and CEO of Move Guides, said her company plans to "integrate their products with our offerings for mobile employees and company data analytics."

o GP Strategies Acquires Los Gatos-Based Emantras

Los Gatos, Calif. -- GP Strategies, a Maryland-based provider of training, e-learning, management consulting and engineering services, said on Tuesday it has acquired Los Gatos-based digital education company Emantras. Financial terms of the deal were not disclosed. Emantras, which maintains a pair of innovation centers in India, creates learning material for publishing on mobile phones, tablets, widgets, gaming devices and portals. The company generated approximately $3 million in revenue last fiscal year. GP said the acquisition strengthens its e-learning development capabilities. "The acquisition… brings us greater technical expertise in the e-learning arena, allowing us to leverage lower cost resources while also enhancing our service offerings," said CEO Scott Greenberg.

o San Francisco-Based McKesson Completes Deal for CoverMyMeds

San Francisco -- McKesson, the San Francisco-based provider of healthcare information technology and services, said it has completed its acquisition of Ohio-based CoverMyMeds from San Francisco-based technology private equity firm Francisco Partners. The deal, first announced in January, is valued at up to $1.4 billion, with an unspecified portion of the purchase price contingent upon the company's future financial performance. Founded in 2008, CoverMyMeds operates an electronic prior authorization service designed to automate and accelerate the prescription approval process. The company has partnered with McKesson to offer tools for pharmacies since 2010. Co-founder and CEO Matt Scantland will continue to lead the company following the acquisition.

o Briefly Noted:

(Campbell, Calif.) Campbell-based Skyhigh Networks, a cloud access security broker that helps companies safely adopt cloud services, on Tuesday named Slawomir Ligier as its senior vice president of engineering, Dheeraj Khanna as its vice president of technical operations and Anand Ramanathan as its vice president of product management. Ligier most recently served as the vice president of product development at Barracuda Networks, Khanna was the vice president of technical operations at OneLogin and Ramanathan was the vice president of product management at Proofpoint.

(San Francisco) San Francisco-based CamberView Partners, a provider of independent advice to public companies on shareholder activism and investor engagement, on Tuesday named Gibson Smith as a partner. Smith previously served as a managing director at Citigroup.

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> The Shifting Sands of Employee Motivation

The old "if-then motivators" of giving bonuses for the achievement of goals no longer work. Work has become too complex and is changing too rapidly for such simple formulas to be relevant and to motivate performance. Here, we summarize research on shifts in employee motivators.

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