Tuesday, November 28, 2017

Bay Area Tech Wire - Nov. 28

BAY AREA TECH WIRE -- Nov. 28, 2017
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o Cyber Monday Becomes Largest Online Sales Day in History
o S.F.-Based Unity Technologies to Acquire Multiplay from GAME Digital
Elon Musk's SpaceX Raises Another $100 Million in Funding
San Mateo-Based Apttus Names Terry Schmid as CFO
Dictionary.com Names "Complicit" 2017 Word of the Year
o Briefly Noted: ArcTouch, Zendesk, Arctic Wolf Networks, Nutanix,
International Multimedia Telecommunications Consortium - MEF,


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Doing Business With DoD and The INTEL Community - Nov. 28
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o Cyber Monday Becomes Largest Online Sales Day in History

San Jose, Calif. -- When the final numbers are in, Cyber Monday is projected to rank as the largest online sales day in history, according to new online shopping data from Adobe. All told, Cyber Monday was expected to rake in $6.59 billion for the day, am increase of nearly 17%, year-over-year. By comparison, Black Friday and Thanksgiving Day brought in $5.03 billion and $2.87 billion in revenue, respectively. Top sellers on Cyber Monday included the Nintendo Switch, PJ Masks and Hatchimals & Colleggtibles figurines, Apple AirPods, streaming devices like Google Chromecast and Roku, and Super Mario Odyssey, the video game. "Shopping and buying on smartphones is becoming the new norm and can be attributed to continued optimizations in the retail experience on mobile devices and platforms," said Mickey Mericle, Adobe's vice president of marketing and customer insights. "Consumers are also becoming more savvy and efficient online shoppers. People increasingly know where to find the best deals and what they want to purchase, which results in less price matching behavior typically done on desktops. Millennials were likely another reason for the dramatic growth in mobile, with 75% expecting to shop via their smartphone."

o S.F.-Based Unity Technologies to Acquire Multiplay from GAME Digital

San Francisco -- Unity Technologies, the San Francisco-based maker of a development platform used to create rich interactive 2D, 3D, VR and AR experiences, said on Tuesday it will pay approximately $25.1 million to acquire Multiplay and its game hosting business from U.K.-based GAME Digital. GAME will retain its events business and associated IP. "The team at Multiplay have created scalable multiplayer technology that gives all game creators, from indies to AAA studios, the ability to create performant experiences that can serve hundreds of thousands of players at once," said Unity CEO John Riccitiello. Multiplay serves games including Titanfall 2 (Respawn Entertainment/Electronic Arts), Rocket League (indie developer Psyonix) and Rust (Facepunch Studios). Multiplay will continue to operate under its current brand, with its entire staff joining Unity.

o Elon Musk's SpaceX Raises Another $100 Million in Funding

Hawthorne, Calif. -- SpaceX, the Hawthorne-based space exploration startup led by Tesla co-founder Elon Musk, said it has raised another $100 million, increasing its latest funding round to $450 million. Twenty-five investors took part in the round, according to documents filed with the Securities and Exchange Commission (SEC). The latest news comes three months after the company -- now valued at $21.5 billion, according to Equidate -- raised the initial $350 million of the round. SpaceX has developed rockets capable of taking off, delivering a payload, then landing back on a platform in the Atlantic Ocean. Musk also recently outlined plans to launch thousands of satellites into orbit to create a massive high-speed Internet network.

o San Mateo-Based Apttus Names Terry Schmid as CFO

San Mateo, Calif. -- Apttus, the San Mateo-based developer of cloud software that drives the business process between a buyer's interest in a purchase and the realization of revenue, on Tuesday named Terry Schmid as its chief financial officer (CFO). Schmid for the past seven years served as the CFO of Imperva, guiding that company through its 2011 initial public offering (IPO). He previously was the CFO at Coremetrics, which was acquired by IBM. The hire is key for a company that has raised $274 million since its inception, including $88 million in a round last year, and is looking ahead to the possibility of an IPO. "Terry's proven experience of helping high growth technology companies expand on a global basis meshes perfectly with Apttus' current evolution and future growth strategy," said CEO Kirk Krappe.

o Dictionary.com Names "Complicit" 2017 Word of the Year

Oakland -- Dictionary.com on Monday named "complicit" as its 2017's Word of the Year, after online lookups of the word on its site spiked three-fold. The site defines the word, which has been featured in the coverage of several major news stories, as "choosing to be involved in an illegal or questionable act, especially with others." "Lookups for the word complicit increased by nearly 300 percent in searches in 2017 as compared to 2016," said CEO Liz McMillan, CEO. "We continue to see a direct correlation between trending word lookups and current events." Other words that trended during the year included: "intersex" (in January), thanks to model Hanne Gaby Odiele speaking up about being intersex to break taboos; "shrinkage" (in February), because the house featured on the famous episode of Seinfeld where this term was introduced was placed on the market; "tarnation" (in the first few months of 2017), due to the "What in tarnation" meme, in which people circulated images of animals and objects wearing cowboy hats; "horologist" (this year), thanks to the subject of the podcast S-Town, who worked as a clockmaker; and "totality" (in August), in relation to the solar eclipse.

o Briefly Noted:

(San Francisco) San Francisco-based app design and development firm ArcTouch has named Chris Reichard as its executive vice president of enterprise mobility. Reichard, a former robotics and space flight engineer at NASA through Lockheed Martin Space Mission Systems, most recently served as the director of mobility solutions at Schlumberger.

(San Francisco) San Francisco-based Zendesk, a developer of software designed to help companies improve customer engagement and better understand their clients, has named Mike Frandsen to its board of directors. Frandsen currently serves as the executive director of products at Workday, and previously was the CEO of Potenco and TradePoint Solutions.

(Sunnyvale, Calif.) Sunnyvale-based Arctic Wolf Networks, a provider of cybersecurity services to small and mid-sized businesses, said on Tuesday it has opened new offices in Eden Prairie, Minn. The company, which had 300% year-over-year growth, plans to house 30-40 employees at the office within the first year.

(San Jose, Calif.) San Jose-based enterprise cloud computing company Nutanix has named Tyler Wall as its chief legal officer. Wall most recently was the senior vice president and general counsel at San Francisco-based Red Book Connect, and previously was the vice president, general counsel, chief compliance officer and corporate secretary of Brocade.

(San Ramon, Calif.) The San Ramon-based International Multimedia Telecommunications Consortium (IMTC), an industry organization promoting the development of interoperable, real-time, multimedia telecom products and services, said on Tuesday it will merge with MEF. IMTC said its key activities will continue to be available through the MEF, including the organization's annual SuperOp! testing event and its ongoing work on simulcast and scalable video, real-time media software-defined networks, WebRTC and the Internet of Things.

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> NOV 28 - DOD and INTEL Agency - Contracting Conference

2nd Annual "Doing Business With DoD and The INTEL Community" (Conference) - Tuesday NOV 28 - 730am-1230pm - GMU Arlington Campus - AGENDA, SPEAKERS, TICKETS AT https://dodintel2017.eventbrite.com


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