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BAY AREA TECH WIRE -- May 3, 2017
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Sponsored By: Baird Global Technology Investment Banking
http://techservices.rwbaird.com/investment-banking/
o Facebook to Hire 3,000 in Bid to Keep Violent Videos Off Social Network
o Mountain View-Based Quotient Technology to Acquire Crisp Mobile
o S.F.-Based Strava Names Instagram's James Quarles as New CEO
o Report: U.S. Tech Industry Exported $309B in Products and Services in 2016
> Baird Commentary: How the IoT Revolution Is Driving Consolidation
o Briefly Noted: Igel, Globetouch, Kespry
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> Job/Event/Marketplace Classified Listings (Full Listings Below Stories)
--Baird Global Technology Investment Banking
--8 Habits of Effective Critical Thinkers
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o Facebook to Hire 3,000 in Bid to Keep Violent Videos Off Social Network
Menlo Park, Calif. -- Responding to a growing number of Facebook users posting videos and live feeds of murders and suicides, CEO Mark Zuckerberg said on Wednesday his Menlo Park-based company plans to hire an additional 3,000 employees over the next year to help keep violent videos off the social network. The new "reviewers" -- in additional to approximately 4,500 already in place -- also will help remove content such as hate speech and child exploitation. And Zuckerberg said Facebook also plans to roll out new tools making it easier to report inappropriate posts, as well as contact law enforcement. The moves come a month after a man, later dubbed the "Facebook killer," posted a live feed of him shooting an elderly man in Cleveland. "Over the last few weeks, we've seen people hurting themselves and others on Facebook -- either live or in video posted later," wrote Zuckerberg in a Facebook post. "It's heartbreaking, and I've been reflecting on how we can do better for our community. If we're going to build a safe community, we need to respond quickly." Zuckerberg pointed to an incident last week in which a user was considering suicide while on Facebook Live. "We immediately reached out to law enforcement, and they were able to prevent him from hurting himself," he said. "In other cases, we weren't so fortunate."
https://www.facebook.com/zuck/posts/10103695315624661
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o Mountain View-Based Quotient Technology to Acquire Crisp Mobile
Mountain View, Calif. -- Quotient Technology, a Mountain View-based digital promotions, media and analytics company, said it will pay up to $57.5 million in cash and stock to acquire New York-based Crisp Mobile, a provider of mobile marketing and advertising services. The deal, expected to close by midyear, includes an upfront payment of $33 million, and well as an additional $24.5 million in potential earn-outs, payable upon the achievement of certain financial milestones. "Crisp is a natural fit for Quotient as we expand our efforts in shopper marketing," said Mir Aamir, the president and chief operating officer (COO) of Quotient. "We believe the power of our retail network and proprietary shopper data, combined with Crisp's ability to create and deliver premium and effective mobile ads… puts us in a strong position as the industry rapidly shifts to digital." Crisp, which is backed by Meritage Funds, Intel Capital and EDB Investments, will operate as its own brand, with CEO Jason Young continuing to run the business.
http://www.quotient.com/
https://www.crispmobile.com/
http://investors.quotient.com/investors/press-releases/press-releases-details/2017/Quotient-Signs-Definitive-Agreement-to-Acquire-Crisp-Mobile/default.aspx
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o S.F.-Based Strava Names Instagram's James Quarles as New CEO
San Francisco -- Strava, the San Francisco-based developer of a social network for athletes, on Wednesday named James Quarles as its new CEO, effective May 30. He will succeed co-founder Mark Gainey, who will remain chairman. Fellow co-founder Michael Horvath, another former CEO, will remain on the company's board of directors. Strava has significant social media experience, most recently serving as the vice president of Instagram Business and previously serving as regional director of Facebook in Europe, the Middle East and Africa. "After a 15-month search, Michael and I found a partner to fully realize Strava's potential," said Gainey. Quarles will leave his post at Instagram on May 19.
http://www.strava.com
http://www.businesswire.com/news/home/20170502006870/en/Strava-Names-James-Quarles-CEO
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o Report: U.S. Tech Industry Exported $309B in Products and Services in 2016
Washington, DC -- The U.S. technology industry exported an estimated $309 billion of products and services last year, a slight decrease from 2015 figures, according to a new report from CompTIA. All told, the number included about $202 billion of tech products, or 14% of all U.S. manufacturing exports. Tech trailed only transportation and motor vehicles (19%) in manufacturing exports. "Exports account for approximately $1 out of every $4 generated in the nation's tech industry; and directly support 40% of tech manufacturing jobs," noted Elizabeth Hyman, CompTIA's executive vice president of public advocacy. Tech services, such as software development, also now exceed 34% of total tech exports.
https://www.comptia.org/about-us/newsroom/press-releases/2017/05/03/u.s.-tech-industry-exported-$309-billion-in-products-and-services-in-2016-comptia-analysis-finds
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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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o Briefly Noted:
(San Francisco) San Francisco-based Igel, a developer of endpoint management software, has named Brad Tompkins as its vice president of sales for North America. Tompkins most recently was an area manager for Red Hat's strategic sales team, covering Northern California and the Pacific Northwest, and earlier held sales leadership positions with HP Enterprise, Citrix and Wyse.
https://www.igel.com/press-releases/igel-names-brad-tompkins-vice-president-sales-north-america/
(Oakland) Oakland-based Globetouch, a provider of connectivity services for connected carc and the Internet of Things (IoT), has named Arun Sarin as its chairman. Sarin previously served as the global CEO of Vodafone from 2003-2008, and earlier was the president and chief operating officer (COO) of AirTouch. He currently serves on the boards of Cisco Systems, Accenture, Charles Schwab and Blackhawk Network.
http://www.globetouch.com
http://www.businesswire.com/news/home/20170502006546/en/Globetouch-Appoints-Arun-Sarin-Vodafone-Global-CEO
(Menlo Park, Calif.) Menlo Park-based Kespry, a developer of drone hardware, software and cloud services, on Wednesday named Jitender Aswani as its vice president of products and analytics, Jim Allison as its vice president of engineering and David Shearer as its vice president of marketing. Aswani most recently served as the head of data engineering for core growth at Facebook; Allison held executive engineering and product roles at Motion Intelligence, Lily Robotics and Livescribe; and Shearer was the chief marketing officer (CMO) of Elevaate.
http://www.kespry.com/
http://www.businesswire.com/news/home/20170503005541/en/Kespry-Expands-Executive-Team-Attracts-Senior-Talent
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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
_____________________________________________
> 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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