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BAY AREA TECH WIRE -- April 6, 2017
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o San Francisco-Based Crunchbase Raises $18 Million in Second Round
o Santa Clara-Based Intel Launches Cash Tender Offer for Mobileye
o Santa Clara-Based SonicWall Names Ravi Chopra as First CFO
o San Francisco-Based Practice Fusion Names Bevey Miner as CMO
o Briefly Noted: Cint, MapD Technologies, NewVoiceMedia
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> Job/Event/Marketplace Classified Listings (Full Listings Below Stories)
--Baird Global Technology Investment Banking
--Mid-Atlantic Marketing Summit - April 21 - DC
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o San Francisco-Based Crunchbase Raises $18 Million in Second Round
San Francisco -- Crunchbase, the San Francisco-based developer of a business information platform, said on Thursday it has raised $18 million in its second round of funding, led by Mayfield. The company said it will use the funds to expand its staff and bolster product development activities. "As we grow, hiring a diverse team will bring a variety of valuable perspectives into the business," said CEO Jager McConnell. "This will remain a focus of hiring as the company doubles in size in the next year." The company also said ti has launched a new premium offering called Crunchbase Enterprise, designed to help users prioritize sales efforts and identify key buy signals in the market. Crunchbase began as TechCrunch's database of companies before spinning out from Aol in late 2015. The company now counts more than 5,000 customers, including Affinity, Datafox, Datanyze, Deloitte, Engagio, Everstring, Infer, Microsoft, Nestle, Samsung, Slack, Target, Volkswagen and IBM Watson.
https://www.crunchbase.com
https://about.crunchbase.com/2017/04/growing-team-18m-series-b/
http://www.businesswire.com/news/home/20170406005095/en
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o Santa Clara-Based Intel Launches Cash Tender Offer for Mobileye
Santa Clara, Calif. -- Nearly a month after announcing plans for its $15.3 billion acquisition of Israel's Mobileye, Santa Clara-based chipmaker Intel said it has launched its cash tender offer for the company. The company is paying $63.54 a share for Mobileye, a developer of computer vision technology for self-driving cars. The tender offer is scheduled to expire on June 21, unless extended or earlier terminated. Intel said last month that the acquisition will bolster its position in the fast-growing market for autonomous vehicle systems, data and services, expected to grow to $70 billion by 2030. Intel already has a foothold in the market with technologies for plotting a car's path and making real-time driving decisions. The combined autonomous driving organization, consisting of Mobileye and Intel's Automated Driving Group, will be headquartered in Israel and led by Amnon Shashua, Mobileye's co-founder, chairman and chief technology officer (CTO). The deal is expected to close by the end of this year.
http://www.intel.com
http://intelandmobileye.transactionannouncement.com/wp-content/uploads/2017/04/MobileyeTenderOfferPressRelease_April2017_FINAL.pdf (PDF)
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o Santa Clara-Based SonicWall Names Ravi Chopra as First CFO
Santa Clara, Calif. -- Five months after spinning out from Dell Software Group, Santa Clara-based SonicWall, a developer of network breach detection and prevention technology, has named Ravi Chopra as its first chief financial officer (CFO). Chopra previously spent 13 years at Juniper Networks, most recently serving as corporate vice president of business finance, and earlier held finance roles at Cisco Systems. "Ravi brings unmatched experience in managing financial operations and helping lead companies in the security and networking industries," said CEO Bill Conner. The spinout occurred last November, when Francisco Partners and Elliott Management completed their more than $2 billion acquisition of Dell Software Group in a deal that also included SonicWall and business software developer Quest Software, both of which Dell acquired in 2012.
http://www.sonicwall.com
https://blog.sonicwall.com/2017/04/ravi-chopra-chief-financial-officer/
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o San Francisco-Based Practice Fusion Names Bevey Miner as CMO
San Francisco -- Practice Fusion, the San Francisco-based developer of a cloud-based connected electronic health record (EHR) platform, has named Bevey Miner as its chief marketing officer (CMO). Miner most recently served as the chief marketing and business development officer at HealthLoop, and earlier was executive director of the National ePrescribing Patient Safety Initiative (NEPSI) while at Allscripts. Tom Langan, the CEO of Practice Fusion, said that Miner "will provide valuable leadership as we launch new products and solutions."
http://www.practicefusion.com
http://www.practicefusion.com/practice-fusion-names-seasoned-health-executive-bevey-miner-new-chief-marketing-officer/
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o Briefly Noted:
(San Francisco) Sweden-based Cint, a developer of tools to access online consumer panels and panel management software, has named Johanna Isander as its chief human resources officer. It's a newly created position for the company, which has U.S. headquarters in San Francisco. Isander most recently served as the senior director of HR at Nasdaq, and previously held roles at SunGard and UniCredit.
http://www.cint.com
http://www.businesswire.com/news/home/20170405005942/en/Cint-Appoints-Johanna-Isander-Chief-Human-Resources
(San Francisco) San Francisco-based GPU analytics company MapD Technologies has named Ché Wijesinghe as its senior vice president of global field operations. Wijesinghe was most recently the president and chief operating officer (COO) of Neokami, an artificial intelligence software company, and previously served as head of global sales for Cisco's data and analytics business group.
https://www.mapd.com/
http://www.prnewswire.com/news-releases/mapd-appoints-che-wijesinghe-as-svp-of-global-field-operations-300434862.html
(San Francisco) U.K.-based NewVoiceMedia, a developer of cloud contact center and inside sales technology with U.S. offices in San Francisco, has named Fiona Talbot as its senior vice president of finance and human resources administration. Talbot most recently served as the chief financial officer (CFO) of Encore Tickets, and previously was the vice president of finance and treasury at MACH.
https://www.newvoicemedia.com/news/newvoicemedia-announces-appointment-of-svp-finance-hr-administration
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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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