Monday, November 20, 2017

Bay Area Tech Wire - Nov. 20

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BAY AREA TECH WIRE -- Nov. 20, 2017
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Sponsored By: Baird - A Global Leader in Technology Banking

o Santa Clara-Based Marvell Technology to Acquire Cavium in $6 Billion Deal  
o San Mateo-Based Scalyr Raises $20 Million in First Round of Funding
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Los Altos-Based AISense Lands $10 Million in First Round of Funding
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Hitachi Venara Federal Acquires Key Contracts from Brocade
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Survey: Most Americans Still Prefer Shopping at Physical Stores
> Baird - A Global Leader in Technology Banking
o Briefly Noted: Serent Capital - CallRevu
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Doing Business With DoD and The INTEL Community - Nov. 28
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Intellectual Property Services / Patent Applications Drafted
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o Santa Clara-Based Marvell Technology to Acquire Cavium in $6 Billion Deal

Santa Clara, Calif. -- Marvell Technology Group, the Santa Clara-based developer of storage, networking and connectivity tools, said on Monday it will pay $6 billion in cash and stock to acquire San Jose-based Cavium, a maker of multi-core SoC products. Marvell will pay $40 a share in cash, plus 2.2 shares for each Cavium share under the deal, expected to be completed by mid-2018. The combination combines Marvell's portfolio of HDD and SSD storage controllers, networking tools and wireless connectivity products with Cavium's multi-core processing, networking communications, storage connectivity and security products. The combined company will boast more than $3.4 billion in annual revenue. "This is an exciting combination of two very complementary companies that together equal more than the sum of their parts," said Matt Murphy, Marvell's president and CEO. "This combination expands and diversifies our revenue base and end markets, and enables us to deliver a broader set of differentiated solutions to our customers. Syed Ali, Cavium's co-founder and CEO, will join Marvell's board of directors, with co-founder Raghib Hussain and Anil Jain, the company's vice president of IC engineering, also joining the company's senior leadership team.
http://www.marvell.com 
http://www.cavium.com
http://investor.marvell.com/phoenix.zhtml?c=120802&p=irol-newsArticle&ID=2317840
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o San Mateo-Based Scalyr Raises $20 Million in First Round of Funding

San Mateo, Calif. -- Scalyr, the San Mateo-based developer of a log management and server monitoring service, said on Monday it has raised $20 million in its first round of funding, led by Shasta Ventures. Previous backers Bloomberg Beta, Susa Ventures and Heroic Ventures also participated. In real-time, Scalyr aggregates a company's server logs and metrics into a centralized system for analysis and troubleshooting. The company currently counts about 140 customers, including CareerBuilder, Business Insider, OkCupid, Baidu and Giphy. "We've had a lot of success with early sales," said founder and CEO Steve Newman, a repeat entrepreneur whose last company, Writely, was acquired by Google to become Google Docs. "Now we just need to spread the word, scaling up sales and marketing. We're also expanding our engineering and product teams."
https://www.scalyr.com/ 
http://www.businesswire.com/news/home/20171120005216/en/Scalyr-Raises-20M-Series-%E2%80%98Scale-Everything%E2%80%99-Fast 
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o Los Altos-Based AISense Lands $10 Million in First Round of Funding

Los Altos, Calif. -- AISense, a Los Altos-based developer of technology that lets users store, search, share and analyze their voice conversations the same way they can with emails and text messages, said on Monday it has landed $10 million in its first round of funding, led by Horizons Ventures. Draper Associates, Draper Dragon Fund, David Cheriton and Bridgewater Associates also participated in the round, which increased the company's total backing to $13 million since its founding in early 2016. Bart Swanson, an advisor at Horizons Ventures, has joined the company's board of directors. AISense's forthcoming product, available early next year, will let people search their verbal conversations, and provide digestible summaries of what was said and what was agreed upon by various participants. The company currently is powering transcription for the Zoom Video Communications platform. Founder and CEO Sam Liang is best known for pioneering the iconic blue dot as tech lead for Google's location services. He sold his last startup, Alohar Mobile, to Alibaba. "Our implementation with Zoom points to the promise of unmetered processing of voice conversations that will make our verbal communication as easy to recall, search and share as email or other text communications," said Liang.
http://www.aisense.com
http://www.businesswire.com/news/home/20171120005250/en/AISense-Raises-10M-Series-Power-Ambient-Voice 
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o Hitachi Venara Federal Acquires Key Contracts from Brocade

San Jose, Calif. -- Hitachi Vantara Federal, a Virginia-based provider of data and analytics tools to the federal government, said it has acquired certain "sensitive" assets and service maintenance contracts from San Jose-based Brocade Communications Systems. Financial terms of the deal, which came as Broadcom closed its $5.5 billion acquisition of Brocade on Friday, were not disclosed. Hitachi Vantara Federal gained a variety of sensitive data center networking, campus/edge networking and Storage Area Networking (SAN) service maintenance contracts. In addition, nearly two dozen Brocade technical engineers transferred to Hitachi Vantara Federal to continue supporting the assumed contracts. "Adding Brocade's networking component to our infrastructure, software and analytics portfolio strengthens our IP-based networking and software-defined architecture capabilities that we can now offer to our Federal customers," said CEO David Turner.
http://www.hitachivantarafederal.com
http://www.businesswire.com/news/home/20171117005422/en/Hitachi-Vantara-Federal-Closes-Asset-Transfer-Agreement
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o Survey: Most Americans Still Prefer Shopping at Physical Stores

Hayward, Calif. -- When it comes to shopping, the vast majority of Americans prefer brick-and-mortar stores to exclusively e-commerce, according to a new study by Hayward-based June20. The survey of 1,000 U.S. adults conducted by Propeller Insights found that 84% prefer either brick-and-mortar or at a combination of online and in-store retailers. The majority said they continue to visit physical stores because they like to see and touch products before buying them. But when asked what they like about the online shopping experience that is missing from stores, 42% said they miss the ability to compare items and 31% miss the easy access to information about products. "Our research shows that Americans gravitate to online shopping because they like having more choices and the ability to compare items with rich content and information at their fingertips. This helps them make their buying decisions," said Jason Seed, the chief operating officer (COO) of June20. "However, our research also reveals that Americans are craving the curated experience that being in a physical store brings." Clothing, beauty products and accessories are the top items Americans prefer to experience in-store before purchasing, while smartphones are the items they feel they least need to experience in person.
https://www.june20.com 
http://www.businesswire.com/news/home/20171116005542/en/June20-Study-65-Percent-Americans-Prefer-Shopping
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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 private equity firm Serent Capital said it has invested an unspecified amount in Maryland-based CallRevu, a developer of call management software for automotive dealers. CallRevu's platform is designed to help car dealerships gain substantial insights into inbound phone calls from potential clients, ultimately helping them improve conversion rates. The company currently serves more than 3,300 dealer locations and partners with 20 auto manufacturers. It marks Serent's second investment in the automotive market, following an earlier deal with Tricolor Automotive Group.
http://www.callrevu.com 
http://www.prweb.com/releases/2017/11/prweb14927338.htm

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> NOV 28 - DOD and INTEL Agency - Contracting Conference

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> Intellectual Property Services/Patent Applications Drafted

I provide a wide range of services relating to intellectual property including patents, trademarks, trade secrets and licensing. I am a registered patent attorney with over 27 years experience. I charge a flat fee of $4000.00 (excluding all government filing and drafting fees) to prepare a utility patent application for filing with the US Patent & Trademark Office in both the mechanical and electrical technology areas. I have significant experience preparing software patents and I am familiar with the current patentability issues surrounding these type of patent applications. Sample patents drafted include: 6,134,944; 6,158,244; 6,225,635; 6,226,346; 6,417,754; 6,490,469; 6,515,737; 6,850,920; 9,086,847; 9,178,555; 9,207,215; 9,426,183; 9,519,304; and 9,671,835. I am located in San Jose near the airport. If you are interested, please send inquiries to email@roarkip.com
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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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