Bay Area Tech Wire - Oct. 13

========================================== BAY AREA TECH WIRE -- Oct. 13, 2017 ========================================== Campaigns & Marketing Summit - Washington, D.C. - Nov. 13 http://www.camsummitdc.com o Redwood City-Based Equinix Completes $259 Million Deal for Europe's Itconic o NEA Names Ben Narasin as Venture Partner in Menlo Park o VC Investments on Track for Decade-High, But Fewer Companies Benefitting o Survey: Dealmakers Expect Tech M&A to Remain Strong Over Next Year o Briefly Noted: Silicon Valley Arbitration & Mediation Center, Verizon _____________________________________________ > Job/Event/Marketplace Classified Listings (Full Listings Below Stories) --Baird - A Global Technology Investment Banking --Campaigns & Marketing Summit - DC - Nov. 13 Full Job, Event, Marketplace and Services Descriptions Below in Classified Ad Section Post Job/Event/Marketplace ad at: http://www.bayareatechwire.com _____________________________________________ o Redwood City-Based Equinix Completes $259 Million Deal for Europe's Itconic Redwood City, Calif. -- Equinix, a Redwood City-based owner and operator of data centers, said it has completed its $259 million deal for Itconic, a data center, connectivity and cloud infrastructure provider in Spain and Portugal, from private equity firm The Carlyle Group. The all-cash deal, which also includes cloud services subsidiary CloudMas, was first announced in September. Equinix said the acquisition, which includes five data centers, will strengthen its position in Europe and extend its footprint into two new countries within the region. As a result, the company will serve more than 400 customers in Iberia, including brands such as L'Oreal, Vueling, Deloitte, BNP Paribas, Repsol, Real Madrid, Randstad, Carlson Wagonlit Travel, Aon and Bank of America. "The acquisition of Itconic further extends Equinix's ability to provide businesses with the direct and secure connectivity they need to undergo IT transformation and to expand their global reach now into Spain and Portugal," said Eric Schwartz, the company's EMEA president. http://www.equinix.com  https://www.equinix.com/newsroom/press-releases/pr/123580/equinix-closes-acquisition-of-itconic/  _____________________________________________ o NEA Names Ben Narasin as Venture Partner in Menlo Park Menlo Park, Calif. -- Venture capital firm New Enterprise Associates (NEA) has named entrepreneur and early-stage investor Ben Narasin as a venture partner, based in Menlo Park. Narasin has made seed investments in companies like Dropcam, Lending Club and Zenefits. He most recently served as a general partner at Canvas Ventures, and was previously with TriplePoint Capital, where he oversaw the firm's seed funding investment activities. Earlier in his career, he founded Fashionmall.com, which he led through an IPO in 1999. "It has been our good fortune to collaborate with Ben on numerous investments, such as Branch Metrics, Enigma and Transfix," said Scott Sandell, NEA's managing general partner. "He is a talented investor and a deeply committed partner to entrepreneurs, and we believe his focus on disruptive early-stage companies will bring tremendous value to our technology practice." http://www.nea.com  http://www.nea.com/news/press-releases/ben-narasin-joins-nea-as-venture-partner  _____________________________________________ o VC Investments on Track for Decade-High, But Fewer Companies Benefitting Washington, DC -- Venture capital investments in the U.S. are on track to reach their highest level in a decade, according to new figures from National Venture Capital Association (NVCA) and PitchBook. Investors sank $21.5 billion into 1,699 venture-backed companies during the third quarter, increasing the year's total investment to $61.4 billion across 5,948 deals. The deal value figures were inflated by a handful of mega-deals, including a $3 billion funding round for WeWork. In fact, deals that carried a valuation of $1 billion or more represented less than 1% of 2017 deal count, but nearly 22% of the aggregate deal value. "We are witnessing an upward trend in the amount of capital deployed while the number of companies receiving investment continues to shrink," said Bobby Franklin, president and CEO of the NVCA. "However, if you peel back the onion, you uncover the influence unicorns are having on market dynamics, with investments by non-traditional investors into these companies inflating the overall dollars invested and valuations. The trends of fewer companies receiving investment and the concentration of dollars into unicorns and later-stage rounds signal a new normal for the venture industry." The complete report is available at the link below. https://nvca.org/pressreleases/total-venture-capital-dollars-invested-2017-track-reach-decade-high/ _____________________________________________ o Survey: Dealmakers Expect Tech M&A to Remain Strong Over Next Year San Francisco -- Dealmakers expect technology M&A to remain robust over the next 12 months, according to a new survey by business law firm Morrison & Foerster. Slightly more than half of survey respondents (51%) expect deal flow to increase over the next year compared with the previous year, while only 19% anticipate a slowdown. In addition, 45% forecast that private company M&A valuations will remain steady, with 31% anticipating a decrease in pricing. "It is encouraging to see such a bullish forecast, particularly following Q3 closing with a higher aggregate value of deals than the previous quarter," said Robert Townsend, the co-chair of Morrison & Foerster's global M&A practice group. "A significant percentage of dealmakers clearly expect tech M&A to have a strong and sustainable growth trajectory buoyed by new innovations and a healthy outlook for private equity spending." The complete report is available at the link below. https://www.mofo.com/special-content/spotlight-ma-and-leaders-survey/  _____________________________________________ |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||| > Campaigns & Marketing Summit - November 13 - DC Campaigns & Marketing Summit brings together brand marketers, PR and advocacy professionals, and political campaign strategists to explore the latest tactics, strategies, tools and platforms in their respective fields. This unique fusion in both speakers and attendees produces fresh insights and empowers attendees to push the boundaries of what's possible in their own fields. One thing you're guaranteed to take away from CAM Summit: actionable strategies and tactics that set you apart from peers. http://camsummitdc.com/ |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||| _____________________________________________ o Briefly Noted: (Palo Alto, Calif.) The Palo Alto-based Silicon Valley Arbitration & Mediation Center (SVAMC), a non-profit that works with technology companies, law firms, ADR institutions and universities to help resolve technology related business disputes, has named Lester Schiefelbein as its CEO and Chris Compton as its president. Schiefelbein was previously the vice president and deputy general counsel of Lockheed Martin Space Systems, and Compton was a partner at Wilson Sonsini Goodrich & Rosati. Founder Gary Benton will continue as chairman. http://www.svamc.org http://www.businesswire.com/news/home/20171012006523/en/New-Leadership-Silicon-Valley-Arbitration-Mediation-Center  (San Francisco) Wireless carrier Verizon said it has extended its initial data relief offer for customers impacted by the wildfires in Northern California through Oct. 15. In qualified counties, the company is giving postpaid customers talk, text and data relief while prepaid customers receive an extra 3 GB for talk, text and data. Complete details are at the links below. https://www.verizonwireless.com/featured/relief/ (Postpaid) https://www.verizonwireless.com/featured/prepaid-relief/ (Prepaid) =================================================== 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 > 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. 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