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BAY AREA TECH WIRE -- May 1, 2017
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o Redwood City-Based Equinix Completes $3.6B Deal for Verizon Data Centers
o Campbell-Based Jive Software to Be Acquired in $462 Million Deal
o San Francisco-Based ReThink Medical Lands $3 Million in First Round
o San Francisco-Based Catalia Health Raises $2.5 Million in New Seed Round
o S.F.-Based Vector to Sell 2020 Technologies to Golden Gate Capital
o Briefly Noted: BDNA, RingCentral, Semiconductor Industry Association
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o Redwood City-Based Equinix Completes $3.6B Deal for Verizon Data Centers
Redwood City, Calif. -- Equinix, the Redwood City-based owner and operator of data centers, said on Monday it has completed its $3.6 billion deal to acquire 29 data centers from Verizon Communications, including four centers in Santa Clara and one in San Jose. All told, the sites span 15 metro areas. Equinix said the deal, first announced in December, includes more than 1,000 customers and adds approximately 3 million gross square feet of data center space. "Today is an important milestone in the growth of Equinix, as we significantly expand our operations in the Americas region," said Karl Strohmeyer, president of the company's Americas region. "The 29 new data centers greatly expand our ability to enable global interconnection within our robust ecosystems, as the economies of North, Central and South America continue to thrive." Approximately 250 Verizon employees, primarily in the operations functions of the acquired data centers, will become Equinix employees.
http://www.equinix.com
http://www.equinix.com/newsroom/press-releases/pr/123547/equinix-completes-acquisition-of-29-data-centers-from-verizon/
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o Campbell-Based Jive Software to Be Acquired in $462 Million Deal
Campbell, Calif. -- Jive Software, the Campbell-based developer of community collaboration software, said on Monday it will be acquired by ESW Capital's Wave Systems in a deal valued at $462 million. Jive, whose stockholders will receive $5.25 a share through a cash tender offer, will become part of Texas-based Aurea Software, developer of a customer experience technology platform. "[The combination] enables us to bring customer experience and employee and customer engagement together," said Aurea CEO Scott Brighton. The companies expect the deal to close by the end of June, when Jive's stock will be delisted from the Nasdaq.
http://www.aurea.com
https://www.jivesoftware.com/
https://www.jivesoftware.com/about-jive/news-room/press-releases/jive-software-enters-into-definitive-agreement-to-become-part-of-the-aurea-family-of-companies-for-462-million-in-cash
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o San Francisco-Based ReThink Medical Lands $3 Million in First Round
San Francisco -- ReThink Medical, a San Francisco-based developer of predictive physiologic data tools designed to prevent hospitalizations for heart failure patients, said on Monday it has raised $3 million in its first round of funding. Emergent Medical Partners (EMP) led the round, which also included participation from Norwich Ventures and Launch Capital. The company said it will use the proceeds to fund clinical trials, as well as to bolster its technology platform. Bob Brownell, managing director at EMP, will join ReThink's board of directors. ReThink's algorithms are designed to predict worsening heart conditions and alert physicians to take proactive measures for their patients. The funding follows the award of two National Institutes of Health (NIH) grants, as well as a strategic partnership with Japanese medical device company Terumo.
http://rethinkmedical.com/hf/
http://www.prnewswire.com/news-releases/rethink-medical-inc-raises-3m-series-a-funding-led-by-emergent-medical-partners-300448428.html
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o San Francisco-Based Catalia Health Raises $2.5 Million in New Seed Round
San Francisco -- Catalia Health, the San Francisco-based developer of an AI-powered patient engagement platform, said on Monday it has raised $2.5 million in a new seed round, led by Khosla Ventures. NewGen Capital and Macnica Ventures also participated, as well as Q Venture Partners, InnoLinks Ventures, Abstract by Flight.VC, DeNA and Lucky Capital. The company said it will use the proceeds to build and deploy its care management system. The platform pairs with the company's robotic healthcare companion, Mabu, to engage patients in conversation about their health. Catalia said the interactions are designed to collect and analyze data critical to providing better care. "This investment enables us to hit two major milestones: roll out Mabu to our first patients and obtain significant data that will show the benefits of our platform to patients and customers," said founder and CEO Cory Kidd. Khosla also had led the company's original $1.25 million seed round.
http://www.cataliahealth.com
http://www.businesswire.com/news/home/20170501005318/en/Catalia-Health-Raises-2.5M-Funding-Deploy-Intelligent
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o S.F.-Based Vector to Sell 2020 Technologies to Golden Gate Capital
San Francisco -- Vector Capital, a San Francisco-based private equity firm specializing in established technology businesses, said on Monday it will sell 2020 Technologies to San Francisco's Golden Gate Capital. Financial terms of the deal, expected to close by midyear, were not disclosed. Headquartered in Canada and Massachusetts, 2020 develops technology and content focused on interior space planning, omni-channel retail and furniture manufacturing. Vector Capital partnered with founder Jean Mignault to take 2020 private in 2012.
http://www.2020spaces.com
http://www.vectorcapital.com
http://www.goldengatecap.com/
http://www.businesswire.com/news/home/20170501005241/en/Vector-Capital-Announces-Agreement-Sell-20-20-Technologies
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o Briefly Noted:
(Mountain View, Calif.) Mountain View-based BDNA, a provider of enterprise data technology tools, on Monday named Mary Haigis as its executive vice president of marketing. Haigis most recently served as the head of growth initiatives, digital services and innovation marketing at Capgemini, and previously held senior marketing positions at HCL AXON, CA Technologies and Deloitte.
http://www.bdna.com
http://www.businesswire.com/news/home/20170501005330/en/Mary-Haigis-Joins-BDNA-Executive-Vice-President
(Belmont, Calif.) Belmont-based RingCentral, a developer of enterprise cloud communications and collaboration tools, said on Monday it will expand the footprint of its Global Connect Network in Asia Pacific and Latin America. The expansion will include new data centers in Japan and Brazil.
https://www.ringcentral.com/whyringcentral/company/pressreleases/pressreleases-2017/ringcentral-expands-global-footprint-in-asia-pacific-and-launche.html
(Washington, DC) Worldwide sales of semiconductors jumped 18.1% in March, compared with the same month a year ago, according to a new report from the Semiconductor Industry Association (SIA). It marked the industry's largest year-to-year growth since 2010. Sales for the month reached $30.9 billion, also up 1.6% from February. Memory products continued to lead the way in sales growth.
https://www.semiconductors.org/news/2017/05/01/global_sales_report_2017/
global_semiconductor_sales_in_march_up_18.1_percent_year_to_year/
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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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