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BAY AREA TECH WIRE -- Sept. 8, 2017
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Sponsored By: Baird - A Global Leader in Technology Banking
http://techservices.rwbaird.com/investment-banking/
o San Francisco-Based Francisco Partners Acquires Majority Stake in NMI
o San Francisco-Based Helpshift Names Linda Crawford as New CEO
o Up to 143 Million U.S. Consumers Potentially Affected by Equifax Data Breach
o San Mateo-Based Zoomdata Promotes Nick Halsey to President and CEO
o FTC Settles First-Ever Complaint Against Individual Social Media Influencers
> Baird - A Global Leader in Technology Banking
o Briefly Noted: Fitbit - DexCom, Optimizely, Summit Partners,
RichRelevance
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o San Francisco-Based Francisco Partners Acquires Majority Stake in NMI
San Francisco -- Francisco Partners, the technology-focused private equity fund based in San Francisco, said it has acquired a majority stake in Illinois-based NMI, a developer of payments enablement technology. Financial terms of the deal were not disclosed. The company said it will sue the investment to drive product innovation and expansion of its enablement capabilities. As part of the deal, existing investor Bregal Sagemount will exit his investment in the company, while another investor, Great Hill Partners, will remain a significant shareholder. NMI's technology platform enables critical payment functionality for over 1,000 affiliates and 100,000 merchants. "We are excited to partner with them through NMI's next stage of reinvestment and growth," said Peter Christodoulo, a partner at Francisco Partners.
http://www.nmi.com
http://www.franciscopartners.com
http://www.businesswire.com/news/home/20170907005122/en/NMI-Announces-New-Investment-Francisco-Partners
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o San Francisco-Based Helpshift Names Linda Crawford as New CEO
San Francisco -- Helpshift, the San Francisco-based developer of a platform designed to help businesses provide customer support on mobile devices, has named Salesforce veteran Linda Crawford as its new CEO. She succeeds founder Abinash Tripathy, who will transition to chief strategy officer. Crawford most recently served as the chief customer officer at Optimizely, and previously held senior vice president and executive vice president roles at Salesforce. "She has been in the CRM business since 1996, and her go-to-market expertise and track record… will serve Helpshift well," said Chairman Ram Gupta. Helpshift is the developer of a messaging-first and AI-powered customer support platform designed to help brands better connect with consumers. Clients include Viacom, Virgin Media, Microsoft, Western Union and Flipboard.
https://www.helpshift.com
http://www.businesswire.com/news/home/20170907005437/en/Linda-Crawford-Named-Helpshift-CEO
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o Up to 143 Million U.S. Consumers Potentially Affected by Equifax Data Breach
Atlanta -- Up to 143 million U.S. consumers may have had their personal information -- including names, Social Security numbers, birthdates and addresses -- stolen from credit monitoring service Equifax as part of a massive data breach, the company disclosed on Thursday. The incident, which the company called the "unauthorized access" of a website application, occurred from mid-May through July. In addition, thieves accessed credit card numbers for approximately 209,000 people, as well as personal information from dispute documents filed by another 182,000. "This is clearly a disappointing event for our company, and one that strikes at the heart of who we are and what we do," said Richard Smith, the company's chairman and CEO. "I apologize to consumers and our business customers for the concern and frustration this causes." Equifax has launched a dedicated website, available at the link below, to help people determine if their information has potentially been impacted. The site also allows all U.S. consumers, regardless of whether they've been affected, to sign up for free credit monitoring and identity theft protection for one year.
http://www.equifaxsecurity2017.com
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o San Mateo-Based Zoomdata Promotes Nick Halsey to President and CEO
San Mateo, Calif. -- Zoomdata, the San Mateo-based developer of a visual analytics platform for big data, said it has promoted its chief operating officer (COO), Nick Halsey, to the role of president and CEO. He succeeds founder Justin Langseth, who has become chairman. "As a technical founder, I've known for a while that we would get to the point where we'd want to have an operations-focused executive in the CEO role," said Langseth. "I've been working with Nick for two years now, and am confident he will do an outstanding job. This change will allow me to focus on strategic customers, our partners, and on technology and product strategy." Halsey joined the company in 2015 as its chief marketing officer (CMO), after previously serving as the CMO of Keynote Systems and SugarCRM. Zoomdata also has named Michael Proia as its vice president of sales. Proia most recently served as the vice president of worldwide sales at HAProxy Technologies.
https://www.zoomdata.com/
https://globenewswire.com/news-release/2017/09/06/1108527/0/en/Zoomdata-Bolsters-Executive-Team-Promotes-Nick-Halsey-to-CEO-and-Adds-Michael-Proia-as-Vice-President-of-Sales.html
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o FTC Settles First-Ever Complaint Against Individual Social Media Influencers
Washington, DC -- Resolving its first-ever complaint against individual social media influencers, the Federal Trade Commission (FTC) said it has settled charges against two people it said deceptively endorsed online gambling service CSGO Lotto, while failing to disclose they jointly owned the company. The agency said that Trevor "TmarTn" Martin and Thomas "Syndicate" Cassell, both widely followed in the online gaming community, also allegedly paid other well-known influencers thousands of dollars to promote the site on YouTube, Twitch, Twitter and Facebook, without requiring them to disclose the payments in their social media posts. Under the settlement, Martin and Cassell must "clearly and conspicuously" disclose any material connections with an endorser or between an endorser and any promoted product or service. "Consumers need to know when social media influencers are being paid or have any other material connection to the brands endorsed in their posts," said Maureen Ohlhausen, acting chairman of the FTC. "This action… should send a message that such connections must be clearly disclosed so consumers can make informed purchasing decisions." The FTC also said it has sent warning letters to 21 other social media influencers it contacted earlier this year regarding their Instagram posts.
https://www.ftc.gov/news-events/press-releases/2017/09/csgo-lotto-owners-settle-ftcs-first-ever-complaint-against?utm_source=govdelivery
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> Baird - A Global Leader in Technology Banking
Baird's Global Technology & Services Investment Banking team delivers insightful, value-added services and expertise to middle-market clients across a broad range of sector verticals. We combine deep sector knowledge, an expansive relationship network, and premier M&A and capital-raising capabilities to help companies pursue growth plans or consider strategic alternatives.
Access the advantages of Baird's global Technology banking capabilities. Learn more at:
http://techservices.rwbaird.com/investment-banking/
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o Briefly Noted:
(San Francisco) San Francisco-based Fitbit, the developer of wearable fitness devices, said it will collaborate with San Diego-based glucose monitoring company DexCom to develop mobile tools designed to help people better manage their diabetes. Fitbit said its first planned initiative will be to bring Dexcom's continuous glucose monitoring data to its new Ionic smartwatch.
http://www.fitbit.com
http://www.businesswire.com/news/home/20170907005577/en/Fitbit-Dexcom-Develop-Continuous-Glucose-Monitoring-CGM
(San Francisco) San Francisco-based Optimizely, developer of a platform that lets businesses deliver continuous experimentation and personalization across websites, mobile apps and connected devices, has named Carl Tsukahara as its chief marketing officer (CMO). Tsukahara most recently was the CMO of Birst, and previously was the executive vice president of marketing and products at Evolv.
https://www.optimizely.com/
http://www.prnewswire.com/news-releases/optimizely-hires-carl-tsukahara-as-chief-marketing-officer-to-lead-the-next-phase-of-growth-300515377.html
(Menlo Park, Calif.) Alternative investment firm Summit Partners on Friday named Joe Juliano as an executive-in-residence, based out of its Menlo Park office. Juliano, most recently the president and CEO of IQNavigator, will work with the firm's technology team to identify new investment opportunities in enterprise application software companies.
https://www.summitpartners.com/news/software-industry-leader-joe-juliano-joins-summit-partners-executive-in-residence-program
(San Francisco) San Francisco-based RichRelevance, developer of a platform used by multi-channel companies to deliver more relevant customer experiences across web, mobile and in store, has named Michael Ni as its chief marketing officer (CMO). Ni most recently served as the CMO of Avangate, and previously was the vice president of products at Amdocs.
https://www.richrelevance.com/
http://www.businesswire.com/news/home/20170907005352/en/RichRelevance-Appoints-Michael-Ni-CMO
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> Baird - A Global Leader in Technology Banking
Baird's Global Technology & Services Investment Banking team delivers insightful, value-added services and expertise to middle-market clients across a broad range of sector verticals. We combine deep sector knowledge, an expansive relationship network, and premier M&A and capital-raising capabilities to help companies pursue growth plans or consider strategic alternatives. Access the advantages of Baird's global Technology banking capabilities. Learn more at: http://techservices.rwbaird.com/investment-banking/
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> Inbox Summit East - Sept. 29 - Washington, DC
Inbox Summit East is a one-day conference that puts a spotlight on the latest and most effective techniques for email marketing. With dozens of panels, presentations and networking opportunities, the summit in Washington, D.C. will take a deep dive into current developments in email marketing and email strategy. Topics will include: Email Deliverability Issues, Current Email Metrics, Integrating Email With Social and Mobile Platforms, Email Content, List Building and Maintenance, Personalized and Customer Centric Email, and the Future of Email.
http://www.inboxsummiteast.com/
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> Mid-Atlantic Marketing Summit - Baltimore - Sept. 15
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/
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