Monday, May 15, 2017

Bay Area Tech Wire - May 15

BAY AREA TECH WIRE -- May 15, 2017
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San Mateo-Based Mintigo Raises $10 Million in Funding
o Largest Ransomware Attack on Record Continues Global Assault
Palo Alto-Based twoXAR Names Two Key Executives, Shuffles Role of Third
San Francisco-Based AlphaFlow Names AdaPia d'Errico as COO
Survey: Most U.S. Employees Optimistic That Technology Will Help Aid Careers
o Briefly Noted:
Polycom, MuleSoft, 8x8 - Regus

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--Happy People and Bottom-Line Results: How Bankable Leaders Deliver Both
--Baird Global Technology Investment Banking

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o San Mateo-Based Mintigo Raises $10 Million in Funding

San Mateo, Calif. -- Mintigo, the San Mateo-based developer of an enterprise AI platform for marketing and sales, said on Monday it has raised $10 million in a new round of funding, led by Glilot Capital Partners. Sequoia Capital IL, Adams Street Partners, Giza Venture Capital, Maverick Ventures and Vintage Investment Partners also took part in the round. Jacob Shama, the co-founder and CEO of Mintigo, said the new funding "will help us accelerate our growth and widen our penetration into the enterprise market." Mintigo's platform is designed to help B2B organizations identify the prospects most likely to buy, as well as help marketing and sales teams engage with them. Clients include Oracle, Getty Images, Red Hat and CA Technologies. 

Largest Ransomware Attack on Record Continues Global Assault

Washington, DC -- U.S. officials on Monday were bracing for more possible ramification from a massive ransomware attack that began infecting computers across the globe Friday morning, and was expected to see its second wave as people logged in at work. The "WannaCry" attack, which exploits malicious software stolen from the National Security Agency (NSA), locks individual computers, then charges a ransom, starting at $300, to restore access. It is believed to be the largest ransomeware attack of its kind. Microsoft issued a patch for the virus back in March, but said many computers still remain unprotected. "The governments of the world should treat this attack as a wake-up call," wrote Brad Smith, Microsoft's president and chief legal officer, in a blog post. "They need to take a different approach and adhere in cyberspace to the same rules applied to weapons in the physical world. We need governments to consider the damage to civilians that comes from hoarding these vulnerabilities and the use of these exploits." 


o Palo Alto-Based twoXAR Names Two Key Executives, Shuffles Role of Third

Palo Alto, Calif. -- twoXAR, a Palo Alto-based artificial intelligence-driven biopharmaceutical company, on Monday named Brian Moriarty as its chief financial officer (CFO) and Jill Jene as its senior vice president of business development. Moriarty previously served as the chief financial officer (CFO) of ChartOne and a vice president at HP and Sun Microsystems. Jene, meanwhile, was the vice president of business development at Depomed. In addition, co-founder Andrew Radin, the company's former chief business officer, has been named to the newly created position of chief marketing officer (CMO). 

o San Francisco-Based AlphaFlow Names AdaPia d'Errico as COO

San Francisco -- AlphaFlow, the San Francisco-based developer of an automated portfolio service for real estate investments, on Monday named veteran fintech executive AdaPia d'Errico as its chief operating officer (COO). d'Errico most recently served as the chief marketing officer (CMO) at Patch of Land, and previously provided brand and online growth strategy services to consumer and media companies. In her new role, she was be tasked with scaling the company's investor platform and expanding its customer channels. "She was a key player in giving real estate crowdfunding national awareness, especially amongst investors," said AlphaFlow co-founder and CEO Ray Sturm.

o Survey: Most U.S. Employees Optimistic That Technology Will Help Aid Careers

Menlo Park, Calif. -- A new survey conducted by Harris Poll for Menlo Park-based venture capital firm IVP paints an optimistic picture of how U.S. employees view technology in their future careers. Over half of employed Americans (55%) say there will be significant technology improvements in the next five years to make them more productive in their job. And despite fears about technology automation threatening jobs, only 14% of employed Americans believe their job could be done by a machine within the next five years. In addition, roughly one in 10 people surveyed say they already use machine learning or artificial intelligence in their job. "This survey indicates most American employees feel optimistic that technology will help them in their jobs in the future," said Gina Bauman, IVP's senior vice president of marketing and investor relations. "In particular, most U.S. employees think technology-related skills will improve their future career prospects, and many are hungry for employers to provide training so they can use new technologies in their jobs." Complete details of the survey, which included responses from more than 1,100 employed U.S. adults, are at the link below.  

o Briefly Noted:

(San Jose, Calif.) San Jose-based Polycom, a developer of enterprise grade business communication tools, on Monday named Amy Barzdukas as its executive vice president and chief marketing officer (CMO). Barzdukas joined the company in 2015 as its vice president of global solutions marketing, and earlier served as the vice president of worldwide marketing for HP's Business Personal Systems group. 

(San Francisco) San Francisco-based MuleSoft, developer of a platform for building application networks, on Monday named Shay Mowlem as its chief marketing officer (CMO). Mowlem previously held multiple executive marketing positions at Splunk, including vice president of global demand generation and digital marketing, interim CMO and vice president of product marketing and product management. 

(San Jose, Calif.) San Jose-based 8x8, developer of cloud communications platform, said on Monday it will expand its cloud communications partnership with Regus, a larger provider of flexible workspaces. Under the deal, the company will add 13 new countries and a broader range of service options for Regus customers. 8x8 currently provides unified communications services to Regus office centers in four countries. The companies have also agreed to extend the term of their contract to 2020. 

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> Happy People and Bottom-Line Results: How Bankable Leaders Deliver Both

Why do I have a hard time getting my employees to listen? Why do I struggle to inspire and motivate them? How can I motivate my employees while driving strong financial results? Many of today's leaders ask themselves these same questions. Here, we share three tips to become more "bankable."


> 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: 


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