Bay Area Tech Wire - June 21

========================================== BAY AREA TECH WIRE -- June 21, 2017 ========================================== To subscribe: http://www.bayareatechwire.com o Bowing to Investor Pressure, Travis Kalanick Resigns as Uber CEO o Oakland-Based Globetouch Acquires India's Teramatrix Technologies o S.F.-Based Sverica Capital Acquires iWave Information Systems o New Enterprise Associates Raises $3.3 Billion for Largest-Ever Fund o Report: Consumers Remain Unsatisfied by Cable TV as Cord-Cutting Grows o Briefly Noted: Datos IO, Datos IO, Adobe Systems - Mettle _____________________________________________ > Job/Event/Marketplace Classified Listings (Full Listings Below Stories) --13 Workplace Communication Tips Today's Young People Need to Know --Mid-Atlantic Marketing Summit - Baltimore - Sept 15 Full Job, Event, Marketplace and Services Descriptions Below in Classified Ad Section Post Job/Event/Marketplace ad at: http://www.bayareatechwire.com _____________________________________________ o Bowing to Investor Pressure, Travis Kalanick Resigns as Uber CEO San Francisco -- Heeding the calls of disgruntled investors, Travis Kalanick late Tuesday resigned as the CEO of San Francisco-based ride-hailing service Uber. "I love Uber more than anything in the world and at this difficult moment in my personal life I have accepted the investors request to step aside so that Uber can go back to building rather than be distracted with another fight," Kalanick said in a statement. The move comes just a week after Kalanick said he would take an indefinite leave of absence following several months of heavy scrutiny about workplace culture at the company. That decision came after the release of an internal report authored by former U.S. Attorney General Eric Holder recommending several changes amidst allegations of sexual harassment, discrimination and retaliation toward employees. Chief among those recommendations, which the company's board has pledged to adopt, was that "some of the responsibilities that Mr. Kalanick has historically possessed should be shared or given outright to other members of senior management." His decision to step back, however, wasn't enough for some investors. According to The New York Times, five of Uber's major investors -- including venture capital firm Benchmark --on Tuesday demanded in a letter that Kalanick step down immediately. Kalanick in 2009 co-founded Uber, which currently has approximately 14,000 employees and more than 1 million drivers. http://www.uber.com  https://www.nytimes.com/2017/06/21/technology/uber-ceo-travis-kalanick.html  _____________________________________________ o Oakland-Based Globetouch Acquires India's Teramatrix Technologies Oakland -- Globetouch, an Oakland-based developer of connectivity tools and Internet-of-Things (IoT) platforms, said on Wednesday it has acquired India's Teramatrix Technologies, a developer of IoT technology. Financial terms of the deal were not disclosed. Globetouch said it plans to utilize the company's xFusion software platform to create IoT applications that support connected cars, autonomous driving, predictive maintenance and edge intelligence. The platform is designed to collect and analyze massive the amounts of contextual data emanating from devices, sensors, enterprise apps and customers. "The addition of Teramatrix significantly improves our IoT and connected car strategies," said CEO Riccardo Di Blasio. http://www.globetouch.com http://www.teramatrix.in/  http://www.globetouch.com/news/globetouch-acquires-teramatrix-technologies/  _____________________________________________ o S.F.-Based Sverica Capital Acquires iWave Information Systems San Francisco -- Sverica Capital Management, a San Francisco-based private equity firm, said on Wednesday it has acquired Canada's iWave Information Systems, a developer of fundraising intelligence software for healthcare, education and non-profit organizations. Financial terms of the deal were not disclosed. Gerry Lawless, iWave's CEO, and Ross Beattie, the former CEO of HGS Canada, also took part in the investment. Beattie will become the company's vice chairman, iWave provides access to data and analytics designed to help users determine which donor prospects to ask, how much to ask for and when to ask. The company currently serves more than 2,000 client organizations. http://www.iwave.com  http://www.sverica.com  http://sverica.com/news-article/sverica-capital-management-announces-acquisition-iwave-information-systems-inc/  _____________________________________________ o New Enterprise Associates Raises $3.3 Billion for Largest-Ever Fund Menlo Park, Calif. -- New Enterprise Associates (NEA), the large venture capital firm with major operations in Menlo Park, said it has raised $3.3 billion for its new fund, the largest in its 40-year history. The firm's 16th fund in $500 million larger than its previous fund, which closed in 2015 along with a separate $350 million opportunity fund. NEA said it already has begun investing the newly raised capital. Scott Sandell, the firm's sole managing general partner, will manage the fund, along with general partners Forest Baskett, Tony Florence, Mohamad Makhzoumi, Josh Makower, Dave Mott, Chetan Puttagunta, Jon Sakoda, Pete Sonsini and Ravi Viswanathan. Pete Barris is now chairman of the new fund while remaining a general partner. http://www.nea.com _____________________________________________ o Report: Consumers Remain Unsatisfied by Cable TV as Cord-Cutting Grows Yonkers, N.Y. -- As a growing number of U.S. consumers cut the cord on traditional cable TV service, those who remain subscribers are becoming more and more dissatisfied, according to Consumer Reports. The publication said that just two of the more than 30 providers in its latest ratings -- EPB Fiber, a municipal broadband service run as a public utility in Tennessee, and Google Fiber, a service offered by Google in a handful of markets -- received better than the lowest possible score for value. Meanwhile, some the country's largest operators, such as Comcast, Spectrum (Charter, Time Warner Cable), and Cox Communications Cable, earned low scores in multiple categories, including value and customer service. That let to nearly 800,000 Americans dropping their traditional pay TV package in the first three months of 2017, according to research firm Moffett­Nathanson. "Though consumer dissatisfaction with their cable companies has been simmering for quite some time, it's now starting to boil over in terms of actual cord-cutting from traditional pay TV providers," said Jim Willcox, senior electronics editor at Consumer Reports. "The good news is that there are now more alternatives, so it's possible for consumers to get the shows and movies they want, often at a lower price than a traditional pay TV plan." The publication pointed to several new online streaming services that are designed to replicate a traditional pay-TV package, including Direct TV Now, Hulu With Live TV, Sling TV, Sony PlayStation Vue and YouTube TV. Hulu With Live TV, for example, offers about 50 channels, including major networks in some areas and sports channels such as CBS Sports, ESPN and Fox Sports, for a starting price of $40 a month. http://www.consumerreports.org/tv-service/is-now-the-time-to-get-rid-of-cable-tv/   _____________________________________________ o Briefly Noted: (San Jose, Calif.) San Jose-based Datos IO, a developer of application-centric data management technology, on Wednesday named Suresh Vasudevan to its board of directors. Vasudevan is the former president and CEO of Nimble Storage, a role he held until the company's acquisition by HPE in May. http://datos.io http://www.businesswire.com/news/home/20170621005409/en/Datos-IO-Appoints-Nimble-CEO-Suresh-Vasudevan  (San Mateo, Calif.) San Mateo-based Datos IO, developer of a service that monitors metrics across every component in the cloud to maximize the productivity of cloud operations teams, has named Mark Cranney as its chief commercial officer. Cranney most recently was an operating partner at venture capital firm Andreessen Horowitz, which is a major investor in SignalFx. https://signalfx.com/press/pr-20170620-appoints-mark-cranney-chief-commercial-officer/  (San Jose, Calif.) San Jose-based Adobe Systems said on Wednesday it has acquired SkyBox technology from Canada-based Mettle, a developer of 360-degree and virtual reality software. The Skybox toolset is designed for post-production in Adobe Premiere Pro CC and Adobe After Effects CC, and complements Adobe Creative Cloud's existing 360/VR cinematic production technology. Financial terms of the deal were not disclosed. http://news.adobe.com/press-release/creative-cloud/adobe-continues-drive-360-video-and-vr-innovation-acquisition-mettles  =================================================== Job/Event/Services Listings: =================================================== To Post in Job/Event/Marketplace: http://www.bayareatechwire.com 7,000 Readers: 5 day ad: $120--10 day ad: $175--20 day ad: $300 > 13 Workplace Communication Tips Today's Young People Need to Know Texting- and social media-obsessed Millennials aren't always prepared to navigate the business world, which primarily "runs" on email and face-to-face communication. Here, we share 13 dos and don'ts to help them communicate productively in the big leagues. http://www.fairfaxcountyeda.org/bay-area-tech-wire _____________________________________________ > Mid-Atlantic Marketing Summit - Baltimore - Sept. 15 (Flash Sale) The Mid-Atlantic Marketing Summit: Baltimore will be held on Sept. 15 at Pier 5 Hotel in Baltimore. Now in its sixth year, the annual summit has become the "must-attend" marketing event for the Mid-Atlantic region and beyond. The summit brings together 300+ CMOs, Senior Marketers, Agency Professionals and Technology Executives from throughout the Mid-Atlantic area. The event features dozens of case studies, keynotes, and presentations on the most important issues facing marketers in 2018. http://mamsummit.com/ _____________________________________________ > Advertising on Bay Area Tech Wire Post jobs, events, webinars, whitepapers or service ads on Bay Area Tech Wire and grow your business. Reach more than 7,000 business and technology professionals from the Bay Area. http://www.bayareatechwire.com/ =================================================== Subscribe to other newsletters from Tech Wire Media Group: Potomac Tech Wire: http://www.potomactechwire.com Bay Area Tech Wire: http://www.bayareatechwire.com New England Tech Wire: http://www.newenglandtechwire.com Advertising: If you are interested in advertising in our newsletters, call Paul Sherman at 1-301-656-0057 x1103 or send email to paul@techwiremedia.com News tips, press releases. Send email to: editorial@bayareatechwire.com Tech Wire Mailing Address: P.O. Box 15180 Washington, DC 20003 Copyright: CapWire Inc. 2017

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