Friday, May 30, 2014

Bay Area Tech Wire -- May 30

============================================
BAY AREA TECH WIRE -- May 30, 2014
============================================
Special Summer Discounts on all Advertising Now Until Aug. 31, 2014
www.bayareatechwire.com    
 

o San Francisco's BitFury Group Raises $20 Million in New Funding
o
Santa Clara-Based Violin Memory to Sell PCIe Flash Memory Card Business
o
Robert Thomas to Depart as President and CEO of Santa Clara-Based Infoblox
o
San Francisco-Based Glu Mobile Prices $30 Million Offering
o 
Redwood City-Based Electronic Arts Shuts Down Mythic Entertainment
>
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o
Briefly Noted: Conversa Health, SRI International - Desti

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o San Francisco's BitFury Group Raises $20 Million in New Funding

San Francisco -- BitFury Group, a developer of Bitcoin infrastructure with offices in San Francisco and Amsterdam, said on Friday it has raised $20 million in a new round of funding. Participants included Binary Financial, Crypto Currency Partners, Georgian Co-Investment Fund (GCF), Queensbridge Venture Partners and ZAD Investment, along with angel investors Bill Tai and Jonathan Teo and the company's seed investors. Bitfury said it will use the proceeds to build out its facilities in international locations, accelerate its production of semiconductors and servers and develop opportunities in adjacent business areas. "The success of this funding round validates our strategy and brings us closer to our aspiration of becoming the world’s first publicly listed Bitcoin company," said CEO Valery Vavilov
http://www.bitfury.org
http://www.businesswire.com/news/home/20140530005645/en/BitFury-Raises-20-Million-Solidifying-Lead-Bitcoin#.U4jQs3JdXng 
_____________________________________________

o Santa Clara-Based Violin Memory to Sell PCIe Flash Memory Card Business

Santa Clara, Calif. -- Violin Memory, a Santa Clara-based developer of all-flash storage arrays and appliances, said it will sell its PCIe flash memory card business to South Korea's SK hynix for $23 million in cash and another $500,000 in assumed liabilities. The deal is expected to close by the end of June. The news comes three months after the company said it would seek strategic alternatives for the business as part of a larger restructuring that included a 20% reduction in workforce. The sale includes the company's Velocity PCIe card family. SK hynix said it will offer jobs to members of the PCIe development team.
http://www.violin-memory.com 
http://www.skhynix.com 
http://investor.violin-memory.com/company/investors-overview/press-releases/press-release-details/2014/Violin-Memory-Announces-Agreement-to-Sell-its-PCIe-Product-Line/default.aspx 
_____________________________________________

o Robert Thomas to Depart as President and CEO of Santa Clara-Based Infoblox

Santa Clara, Calif. -- After leading the company for a decade, Robert Thomas said he will step down as the president and CEO of Santa Clara-based Infoblox, a developer of network control technology. Thomas, who assumed the company's helm in 2004, will remain in his roles until a successor is named. The company's board has hired an executive search firm to assist in the process of evaluating candidates. "While we would be pleased if he would continue as CEO, the board respects his desire to pursue other personal and professional goals," said Michael Goguen, the chairman of Infoblox. "With Robert's encouragement, we have decided that it makes sense to immediately start the search for a successor."
http://www.infoblox.com 
http://ir.infoblox.com/phoenix.zhtml?c=251270&p=irol-newsArticle&ID=1935625&highlight= 
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o San Francisco-Based Glu Mobile Prices $30 Million Offering

San Francisco -- Glu Mobile, the San Francisco-based developer and publisher of free-to-play games for smartphones and tablets, said on Friday it plans to raise $30 million in an underwritten public offering. The company has priced nearly 8.6 million shares at $3.50 each. The offering is expected to close Wednesday, with the company receiving net proceeds of $27.8 million. It plans to use the proceeds for working capital and other general corporate purposes, including possible acquisitions or investments.
http://www.glu.com/ 
http://phx.corporate-ir.net/phoenix.zhtml?c=207033&p=irol-newsArticle&ID=1935844&highlight= 
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o Redwood City-Based Electronic Arts Shuts Down Mythic Entertainment

Redwood City, Calif. -- Electronic Arts (EA), the Redwood City-based developer and publisher of video games, has shut down Mythic Entertainment, a developer of role-playing, strategy, action and adventure games for mobile platforms, according to a report in Kotaku. "We are closing the EA Mythic location in Fairfax, Virginia, as we concentrate mobile development in our other studio locations," the company told the publication in a statement. "We are working with all impacted employees to provide assistance in finding new opportunities, either within EA or with other companies via an upcoming job fair." Launched in 1995 and acquired by EA in 2006, Mythic developed such titles as Warhammer Online and Dark Age of Camelot.
http://www.mythicentertainment.com 
http://kotaku.com/ea-shuts-down-mythic-the-studio-behind-warhammer-onlin-1583376655 
_____________________________________________

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o Briefly Noted:


(San Francisco) San Francisco-based Conversa Health, developer of a cloud-based digital checkups platform that supports physician-patient collaboration, on Friday named Danny Sands as its chief medical officer. Sands has maintained a primary care practice for over 20 years at Beth Israel Deaconess Medical Center in Boston. He previously served as the chief medical information officer at Cisco and co-founded the Society for Participatory Medicine.
http://conversahealth.com/media.html 

(Menlo Park, Calif.) Menlo Park-based SRI International, a nonprofit research and development institute, said on Friday that spin-off company Desti has been acquired by HERE, a unit of Nokia focused on mapping and location intelligence. Financial terms of the deal were not disclosed. Desti is the developer of a smart travel planner designed to help users find what they're looking for by using artificial intelligence to sift through thousands of places, find the best matches and explain the relevance. Desti was spun out of SRI in 2011. Additional investors include Horizons Ventures and Carmel Ventures.
http://www.sri.com/newsroom/press-releases/sri-international-spin-desti-acquired-here-nokia-company

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Job/Event/Marketplace Listings:
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> The One Leadership Secret You Can’t Ignore

We've all had setbacks and obstacles in our personal and professional lives. How does an effective leader react and respond to setbacks? Here, we’ll talk about one of the most important core leadership secrets – five simple and quick daily practices any leader can use to work through a professional setback. http://www.fairfaxcountyeda.org/bay-area-tech-wire
____________________________________________

> Associate Director – ORIX Ventures

ORIX Ventures is seeking Associate Directors for its growing venture lending group. With opportunities based in both Seattle, Washington and Hartford, Connecticut, the Associate Director will lead venture lending transactions through deal evaluation, term sheet, due diligence, company analysis, modeling, documentation and close. The Associate Director will work closely with senior ORIX Ventures management, equity investors and management teams to successfully grow the ORIX Ventures platform. Qualified candidates should have a history of professional and academic achievement, strong analytical and organizational skills, and an understanding of the growth company space. The ideal candidate has 5-10 years of work experience at a top-tier investment bank, private equity or debt fund, or venture capital firm with solid accounting and financial modeling acumen, an interest in technology companies and a desire to work closely with the venture capital and private equity communities. Additional requirements include a disciplined attention to detail, a team orientation, and a personality that thrives in a fun, performance driven environment. Please forward your resume to mpickle@orix.com Visit our website at http://orixventures.com/
____________________________________________

> Investment Advisor Executive

Investment Advisor Representative-Sales. High payout-little or no costs to you-fully regulated by The State of California and FINRA. Easy platform to have your own Advisory office with full regulation and a fully operable back office. Send resumes to Raymond@AbrahamLockhart.com
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Bay Area Tech Wire has over 6,000 subscribers who rely on it for their daily briefing of local technology news. Bay Area Tech Wire has various advertising offerings ideal for jobs listings, events, service offerings, and office space for rent. For more info, go to: http://www.bayareatechwire.com


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Thursday, May 29, 2014

Bay Area Tech Wire -- May 29

============================================
BAY AREA TECH WIRE -- May 29, 2014
============================================
Special Summer Discounts on all Advertising Now Until Aug. 31, 2014
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o Apple to Acquire Dr. Dre's Beats Electronics for $3 Billion
o
San Francisco-Based RiskIQ Lands $25 Million in Second Round
o
San Francisco-Based Trifacta Raises $25 Million in Third Round
o
Cupertino-Based Seagate to Acquire LSI Divisions from Avago Technologies
o 
KPCB's Mary Meeker Releases 2014 Internet Trends Report
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Briefly Noted: Qeexo - Sierra Ventures, Vendavo

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--Associate Director – ORIX Ventures

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o Apple to Acquire Dr. Dre's Beats Electronics for $3 Billion

Cupertino, Calif. -- Further bolstering its music offerings, Cupertino-based Apple late Wednesday said it will pay $3 billion to acquire Dr. Dre's Beats Electronics, developer of a subscription streaming music service and maker of popular headphones, speakers and audio software. Under the deal, expected to close by the end of September, the company will make an initial payment of $2.6 billion, plus another $400 million that will vest over time. As part of the acquisition, co-founders Jimmy Iovine and Dr. Dre will join Apple in unspecified roles. "Music is such an important part of Apple’s DNA and always will be," said Eddy Cue, Apple's senior vice president of Internet software and services. "The addition of Beats will make our music lineup even better." Launched in 2008 as the brainchild of artist and producer Dr. Dre and Iovine, the chairman of Interscope Geffen A&M Records, Santa Monica-based Beats Electronics comprises the Beats by Dr. Dre family of consumer headphones, earphones and speakers, as well as Beats Audio software technology and streaming music subscription service Beats Music. Apple plans to sell the company's products online, as well as through its retail stores and select resellers.
http://www.beatsbydre.com/ 
http://www.apple.com/pr/library/2014/05/28Apple-to-Acquire-Beats-Music-Beats-Electronics.html 
_____________________________________________

o San Francisco-Based RiskIQ Lands $25 Million in Second Round

San Francisco -- RiskIQ, the San Francisco-based developer of a service designed to detect online threats to a brand's customers, said on Thursday it has landed $25 million in its second round of funding. Battery Ventures led the round, which also included participation by previous backer Summit Partners. Michael Brown of Battery Ventures has joined the company's board. The company plans to use the funds to bolster research and development, expand outside the U.S. and invest in sales and marketing to grow its market share in sectors such as insurance, ecommerce, media and consumer packaged goods. More than 100 companies, including eight of the 10 largest financial institutions in the U.S. and five of the nine largest Internet companies in the world, use RiskIQ to continuously monitor web and mobile assets for malware, malicious apps and brand infringements. The service combines cloud based intelligence and analytics with a proxy network and software that emulates real users to expose malware on websites, in mobile apps and advertisements.
http://www.riskiq.com 
http://www.riskiq.com/company/press-releases/riskiq-raises-25m-meet-accelerating-demand-web-and-mobile-malware-detection 
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o San Francisco-Based Trifacta Raises $25 Million in Third Round

San Francisco -- Trifacta, the San Francisco-based developer of a platform designed to help users transform raw, complex data into clean and structured formats for analysis, said on Thursday it has raised $25 million in its third round of funding, led by new investor Ignition Partners. Previous backers Greylock Partners and Accel Partners also participated in the round, which the company will use to expand its sales and marketing activities. Frank Artale, managing director at Ignition, has joined the company's board of directors. The news comes just six months after Trifacta raised $12 million in its second round, co-led by Greylock Partners and Accel Partners.
http://trifacta.com/ 
http://www.trifacta.com/news/item/trifacta-raises-25-million-to-drive-transformation-for-data-driven-enterprises/ 
_____________________________________________

o Cupertino-Based Seagate to Acquire LSI Divisions from Avago Technologies

Cupertino, Calif. -- Seagate Technology, the Cupertino-based maker of hard disk drives and storage products, said on Thursday it will pay $450 million in cash to acquire LSI's Accelerated Solutions Division and Flash Components Division from San Jose-based Avago Technologies. The deal, expected to close after midyear, comes six months after Avago announced a $6.6 billion deal to acquire San Jose-based LSI, a maker of storage and networking chips and software. "This acquisition will significantly enhance our flash storage offerings to supplement our existing portfolio," said Steve Luczo, Seagate's chairman and CEO.
http://www.seagate.com 
http://finance.yahoo.com/news/seagate-acquire-lsi-flash-businesses-114900238.html;_ylt=A0LEV0uFh4dTHAQAmP5XNyoA;_ylu=X3oDMTEzc25i
bzcwBHNlYwNzcgRwb3MDMQRjb2xvA2JmMQR2dGlkA1ZJUDA1MV8x 
_____________________________________________

o KPCB's Mary Meeker Releases 2014 Internet Trends Report

Menlo Park, Calif. -- Mary Meeker, a partner at Menlo Park-based venture capital firm Kleiner Perkins Caufield & Byers (KPCB), has released her 2014 Internet Trends report. The report highlights trends that show slowing growth of Internet users, but strong increases in smartphone, tablet and mobile data traffic, as well as mobile advertising. Meeker focuses on investments in the firm's digital practice and helps lead its Digital Growth Fund. The complete report is available at the link below.
http://www.kpcb.com/insights/2014-internet-trends 
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o Briefly Noted:


(San Jose, Calif.) San Jose-based Qeexo, a developer of touch technologies, said on Thursday it has raised $2.3 million in its first round of funding, led by Sierra Ventures. The company will use the proceeds to accelerate market adoption of FingerSense, its mobile software designed to distinguish between touchscreen input from a fingertip, knuckle, nail or stylus. Qeexo also plans to expand its engineering and business development teams.
http://www.qeexo.com/press-release.html

(Mountain View, Calif.) Mountain View-based Vendavo, a developer of revenue and price optimization and management tools, on Thursday named Christine Russell as its CFO. Russell most recently served as the CFO at EAG, and previously held executive leadership positions at Virage Logic (Synopsys), Outerbay Technologies (HP), Ceva and Cygnus Solutions (Red Hat).
http://www.vendavo.com
http://www.prnewswire.com/news-releases/vendavo-appoints-silicon-valley-veteran-as-cfo-to-lead-finance-operations-amid-rapid-company-growth-261074111.html 

===================================================
Job/Event/Marketplace Listings:
===================================================
To Post in Job/Event/Marketplace: http://www.bayareatechwire.com
6000 Readers: 5 day ad: $120--10 day ad: $175--20 day ad: $300


> The One Leadership Secret You Can’t Ignore

We've all had setbacks and obstacles in our personal and professional lives. How does an effective leader react and respond to setbacks? Here, we’ll talk about one of the most important core leadership secrets – five simple and quick daily practices any leader can use to work through a professional setback. http://www.fairfaxcountyeda.org/bay-area-tech-wire
____________________________________________

> Associate Director – ORIX Ventures

ORIX Ventures is seeking Associate Directors for its growing venture lending group. With opportunities based in both Seattle, Washington and Hartford, Connecticut, the Associate Director will lead venture lending transactions through deal evaluation, term sheet, due diligence, company analysis, modeling, documentation and close. The Associate Director will work closely with senior ORIX Ventures management, equity investors and management teams to successfully grow the ORIX Ventures platform. Qualified candidates should have a history of professional and academic achievement, strong analytical and organizational skills, and an understanding of the growth company space. The ideal candidate has 5-10 years of work experience at a top-tier investment bank, private equity or debt fund, or venture capital firm with solid accounting and financial modeling acumen, an interest in technology companies and a desire to work closely with the venture capital and private equity communities. Additional requirements include a disciplined attention to detail, a team orientation, and a personality that thrives in a fun, performance driven environment. Please forward your resume to mpickle@orix.com Visit our website at http://orixventures.com/
____________________________________________

> Investment Advisor Executive

Investment Advisor Representative-Sales. High payout-little or no costs to you-fully regulated by The State of California and FINRA. Easy platform to have your own Advisory office with full regulation and a fully operable back office. Send resumes to Raymond@AbrahamLockhart.com
____________________________________________

> Advertise on Bay Area Tech Wire and Reach More than 6,000 Subscribers

Bay Area Tech Wire has over 6,000 subscribers who rely on it for their daily briefing of local technology news. Bay Area Tech Wire has various advertising offerings ideal for jobs listings, events, service offerings, and office space for rent. For more info, go to: http://www.bayareatechwire.com


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Copyright: CapWire Inc. 2014
 

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Wednesday, May 28, 2014

Bay Area Tech Wire -- May 28

============================================
BAY AREA TECH WIRE -- May 28, 2014
============================================
Special Summer Discounts on all Advertising Now Till Aug. 31, 2014
www.bayareatechwire.com    
 

o San Francisco-Based App Annie Raises $17 Million, Acquires Distimo
o
Mountain View-Based Matrixx Software Lands New Round of Funding
o
San Francisco-Based Xamarin Acquires Division of Clarius Consulting
o
San Jose-Based Polycom Names Laura Durr as CFO
o 
Report: Wireless Networks in All Schools Would Cost $800M a Year
>
Get The Word Out...With ads on Tech Wire
o
Briefly Noted: Fittest Cities Rankings, Vectra Networks, AOptix Technologies

_____________________________________________

> Job/Event/Marketplace Classified Listings (Full Listings Below Stories)


--The One Leadership Secret You Can’t Ignore
--Associate Director – ORIX Ventures

--Investment Adviser Executive
--Advertise on Bay Area Tech Wire and Reach More than 6,000 Subscribers

Ad Descriptions Below Briefly Noted Section
Post Job/Event/Marketplace ad: http://www.bayareatechwire.com
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o San Francisco-Based App Annie Raises $17 Million, Acquires Distimo

San Francisco -- App Annie, a San Francisco-based developer of an app analytics and market data platform, said on Wednesday it has raised $17 million in a new round of funding and acquired Netherlands-based mobile analytics company Distimo. Previous backers IDG Capital Partners, Greycroft Partners and Sequoia Capital took part in the round, which increases the company's total funding to $39 million. The company is using a portion of the funds to make its first acquisition. "Having been a part of the mobile app ecosystem since its inception, this acquisition represents a major milestone in App Annie's growth, and it allows us to accelerate our product roadmap," said CEO Bertrand Schmitt. Financial terms of the cash and stock deal were not disclosed. As part of the acquisition, Distimo's founders will take key roles within the company, and its Amsterdam headquarters will become App Annie's European R&D center.
http://www.appannie.com 
http://www.distimo.com/ 
http://blog.appannie.com/app-annie-acquires-distimo/  
_____________________________________________

o Mountain View-Based Matrixx Software Lands New Round of Funding

Mountain View, Calif. -- Matrixx Software, a Mountain View-based developer of software designed to give communications service providers better visibility, intelligence and control of their services, said on Wednesday it has raised an unspecified amount in a new round of funding, led by Telstra Ventures. Previous backers Swisscom Ventures, Innovacom, Greylock Partners, Adams Street Partners and Tugboat Ventures also took part in the round. Mark Sherman, the managing director of Telstra Ventures, will join Matrixx's board of directors.
http://www.matrixx.com
http://www.matrixx.com/company/news-events/press-releases/2014/0528.php 
_____________________________________________

o San Francisco-Based Xamarin Acquires Division of Clarius Consulting

San Francisco -- Xamarin, the San Francisco-based creator of an enterprise mobile development platform, said on Wednesday it has acquired the Visual Studio Division of Clarius Consulting. Financial terms of the deal were not disclosed. Clarius has worked as a vendor for Microsoft since 2004, and has developed extensions for all major versions of Visual Studio since 2003. "We are making it possible for millions of Visual Studio users to become mobile developers virtually overnight," said Nat Friedman, the co-founder and CEO of Xamarin. Xamarin's platform lets developers build native iOS, Android and Windows apps.
http://www.xamarin.com 
http://www.clariusconsulting.net 
http://www.businesswire.com/news/home/20140528005601/en/Xamarin-Acquires-Leading-Visual-Studio-Division-Clarius#.U4YIzHJdXng 
_____________________________________________

o San Jose-Based Polycom Names Laura Durr as CFO

San Jose, Calif. -- Two months after naming her interim CFO, San Jose-based Polycom, a developer of unified communications and collaboration tools, on Wednesday appointed Laura Durr to the role on a permanent basis. Durr for the past nine years has served as the company's principal accounting officer, a role that will remain part of her new position. The CFO position became open in March when Eric Brown left the company, after his other role of COO was eliminated.
http://www.polycom.com 
http://www.polycom.com/company/news/press-releases/2014/20140528.html 
_____________________________________________

o Report: Wireless Networks in All Schools Would Cost $800M a Year

Washington, DC -- It would cost an estimated $800 million a year to equip all U.S. schools with adequate wireless broadband connections by 2018, according to a new report from the Consortium for School Networking (CoSN) and EducationSuperHighway. The report comes nearly a year after President Obama unveiled the White House's ConnectED initiative, a program aimed at connecting 99% of K-12 students to broadband within five years. "Our survey revealed an unfortunate, but very real picture, with 57% of districts reporting their wireless networks incapable of handling a 1:1 deployment today and 40% of classrooms with no Wi-Fi at all," said Keith Krueger, the CEO of CoSN. "The cost model… shows what it will take to get all our schools up to speed experiencing an enriched learning environment within the President's proposed timeframe." To reach the $800 million figure, the organizations consulted with more than 50 CTOs, vendors and education experts. The model projects that schools will require approximately $2.9 billion of E-rate subsidies over the next four years to upgrade their LAN, WAN and Wi-Fi networks, with an additional 10% added for library upgrades.
http://www.educationsuperhighway.org/uploads/1/0/9/4/10946543/esh_cosn_lan_wifi_analysis.pdf (PDF)
_____________________________________________

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Advertise your company's job openings, events and services. Reach key decision makers and grow your business today. Don't miss special summer rates on all premiere and classified advertising on Bay Area Tech Wire now till August 2014! www.bayareatechwire.com

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_____________________________________________

o Briefly Noted:


(San Francisco) San Francisco is the nation's fifth fittest city and San Jose is sixth, according to an analysis of the nation's 50 largest metro areas by the American College of Sports Medicine. The two trailed only Washington, DC; Minneapolis-St. Paul; Portland, Ore.; and Denver in the rankings, which were based on a composite of preventive health behaviors, levels of chronic disease conditions and community resources and policies that support physical activity. Complete rankings are below.
http://www.acsm.org/about-acsm/media-room/news-releases/2014/05/28/washington-d.c.-claims-top-spot-on-annual-fit-city-index 

(San Jose, Calif.) San Jose-based Vectra Networks, a developer of tools designed to detect cyber attacks in progress, on Wednesday named Charles Giancarlo to its board of directors. Giancarlo is a senior advisor to Silver Lake Partners and was previously managing director and head of value creation. He earlier served as a senior executive at Cisco Systems.
http://www.vectranetworks.com/ 
http://www.businesswire.com/news/home/20140528005096/en/Charles-Giancarlo-Joins-Vectra-Networks-Board-Directors#.U4YMC3JdXng 

(Campbell, Calif.) Campbell-based AOptix Technologies, a developer of ultra-high capacity wireless communications technology, on Wednesday named former Brocade CEO Michael Klayko to its board of directors. Klayko currently serves as the CEO of investment firm MKA Capital.
http://www.aoptix.com/news/press-releases/michael-klayko-joins-aoptix-board-of-directors 

===================================================
Job/Event/Marketplace Listings:
===================================================
To Post in Job/Event/Marketplace: http://www.bayareatechwire.com
6000 Readers: 5 day ad: $120--10 day ad: $175--20 day ad: $300


> The One Leadership Secret You Can’t Ignore

We've all had setbacks and obstacles in our personal and professional lives. How does an effective leader react and respond to setbacks? Here, we’ll talk about one of the most important core leadership secrets – five simple and quick daily practices any leader can use to work through a professional setback. http://www.fairfaxcountyeda.org/bay-area-tech-wire
____________________________________________

> Associate Director – ORIX Ventures

ORIX Ventures is seeking Associate Directors for its growing venture lending group. With opportunities based in both Seattle, Washington and Hartford, Connecticut, the Associate Director will lead venture lending transactions through deal evaluation, term sheet, due diligence, company analysis, modeling, documentation and close. The Associate Director will work closely with senior ORIX Ventures management, equity investors and management teams to successfully grow the ORIX Ventures platform. Qualified candidates should have a history of professional and academic achievement, strong analytical and organizational skills, and an understanding of the growth company space. The ideal candidate has 5-10 years of work experience at a top-tier investment bank, private equity or debt fund, or venture capital firm with solid accounting and financial modeling acumen, an interest in technology companies and a desire to work closely with the venture capital and private equity communities. Additional requirements include a disciplined attention to detail, a team orientation, and a personality that thrives in a fun, performance driven environment. Please forward your resume to mpickle@orix.com Visit our website at http://orixventures.com/
____________________________________________

> Investment Advisor Executive

Investment Advisor Representative-Sales. High payout-little or no costs to you-fully regulated by The State of California and FINRA. Easy platform to have your own Advisory office with full regulation and a fully operable back office. Send resumes to Raymond@AbrahamLockhart.com
____________________________________________

> Advertise on Bay Area Tech Wire and Reach More than 6,000 Subscribers

Bay Area Tech Wire has over 6,000 subscribers who rely on it for their daily briefing of local technology news. Bay Area Tech Wire has various advertising offerings ideal for jobs listings, events, service offerings, and office space for rent. For more info, go to: http://www.bayareatechwire.com


===================================================
Subscribe to other newsletters from Tech Wire Media Group:

Potomac Tech Wire: http://www.potomactechwire.com
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Tuesday, May 27, 2014

Bay Area Tech Wire -- May 27

============================================
BAY AREA TECH WIRE -- May 27, 2014
============================================
Get The Word Out...With ads on Tech Wire
Special Summer Rates Now Till August www.bayareatechwire.com    
 

o Mountain View-Based Intuit to Acquire Palo Alto-Based Check
o
Palo Alto-Based DoorDash Raises $17.3 Million in First Round
o
San Mateo-Based Apixio Raises $13.5 Million in Third Round
o
San Francisco-Based Blurb Hires Key Employees from Graphicly
o 
President Obama Unveils Plan to Increase Interest in STEM Careers
o
Report: PayPal-Related Phishing Attacks Spike 73% During First Quarter
>
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o
Briefly Noted: Video Electronics Standards Association, Twist Bioscience

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o Mountain View-Based Intuit to Acquire Palo Alto-Based Check
 

Mountain View, Calif. – Intuit, the Mountain View-based publisher of business and financial management software, said on Tuesday it will pay approximately $360 million to acquire Palo Alto-based Check, a developer of mobile bill pay services. Intuit said the deal, expected to close during its fourth fiscal quarter, will help accelerate its ability to offer bill pay across small business and personal finance products. Check currently boasts more than 10 million registered users of its mobile app, which automates and consolidates the bill pay process. Guy Goldstein, Check's co-founder and CEO, will serve as a vice president at Intuit.
http://www.intuit.com
https://check.me/
http://investors.intuit.com/press-releases/press-release-details/2014/Intuit-to-Acquire-Check/default.aspx
_____________________________________________

o Palo Alto-Based DoorDash Raises $17.3 Million in First Round

Palo Alto, Calif. -- DoorDash, the Palo Alto-based developer of a web- and app-based food delivery service in the Bay Area, said it has raised $17.3 million in its first round of funding, led by Sequoia Capital. Other participants included previous backers Khosla Ventures, Charles River Ventures and Pejman Mar Ventures, along with Ted Zagat of Zagat Survey. DoorDash was founded in early 2013 by four Stanford students with work experience at Facebook, Square, Vevo and eBay. The company, which currently operates in the South Bay and San Jose areas, said it eventually plans to expand its services to small businesses other than restaurants. "We will use the funding to grow out the team, continue developing our dispatch technology and pursue our national rollout," the company said.
https://www.doordash.com 
http://blog.doordash.com/post/86541141376/doordash-raises-17-3-million-from-sequoia-capital 
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o San Mateo-Based Apixio Raises $13.5 Million in Third Round
 
San Mateo, Calif. – Apixio, a San Mateo-based developer of big data analytics for the healthcare industry, said on Tuesday it has raised $13.5 million in its third round of funding, led by Bain Capital Ventures. Several Silicon Valley angel investors also participated. "The proceeds will be used to ramp up our sales and operations in support of the strong growth we are experiencing in our risk adjustment business," said co-founder and CEO Shawn Dastmalchi. "We also intend to further develop our big data technology and to build on our vision to provide analytic solutions that power value-based care." Apixio's technology is designed to help health plans and large provider groups more accurately and efficiently determine member risk scores and receive appropriate value-based reimbursement.
http://www.apixio.com
http://www.apixio.com/apixios-series-c-round-of-finance-led-by-bain-capital-ventures/
_____________________________________________

o San Francisco-Based Blurb Hires Key Employees from Graphicly
 
San Francisco – Blurb, the San Francisco-based developer of an indie book and magazine publishing platform, said on Tuesday it has hired several former team members of Graphicly, developer of an ebook creation platform for illustrated books, such as comics, graphic novels and children's books. Those hired include Graphicly co-founder Micah Baldwin. Blurb said the talent acquisition will help it significantly accelerate its development of ebook and graphic publishing. “This acquisition of incredibly relevant talent will help us advance our vision of 21st century authoring,” said Eileen Gittins, Blurb's founder and CEO.
http://www.blurb.com/
http://www.businesswire.com/news/home/20140527005351/en/Blurb-Acquires-Key-Talent-Graphicly-Accelerate-ebook
_____________________________________________

o President Obama Unveils Plan to Increase Interest in STEM Careers

Washington, DC -- President Obama on Tuesday played host to more than 100 students as part of the 2014 White House Science Fair, and announced a series of measures aimed at getting more kids interested in science, technology, engineering and math (STEM) careers. Steps include a new $35 million Department of Education competition supporting the administration's goal of training 100,000 STEM teachers, a major expansion of STEM AmeriCorps to provide STEM learning opportunities for 18,000 low-income students this summer and a national STEM mentoring effort kicking off in seven cities. "When students excel in math and science, they’re laying the groundwork for helping America compete for the jobs and industries of the future," said Obama. Complete details are at the links below.
http://www.whitehouse.gov/science-fair
http://www.whitehouse.gov/the-press-office/2014/05/27/white-house-science-fair-fact-sheet-backgrounder
_____________________________________________

o Report: PayPal-Related Phishing Attacks Spike 73% During First Quarter

McLean, Va. -- Phishing attacks aimed at PayPal users increased 73% during the first quarter, according to a new report from McLean-based Cyren. During a two-week sampling taken during the quarter, the company found that the number of PayPal-related phishing URLs increased from approximately 750 a day in the fourth quarter to more than 1,300 a day. "The upward trend illustrates the move by cybercriminals from less profitable spam to attacks that generate more revenue," the company said. Other top brands used to lure email recipients were Apple, Poste Italiane, Barclays Bank, Battle.net and Sparkasse.
http://ir.cyren.com/releasedetail.cfm?ReleaseID=850478 
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o Briefly Noted:


(Newark, Calif.) The Newark-based Video Electronics Standards Association (VESA) on Tuesday announced the election of new board leadership. Alan Kobayashi of MegaChips has been elected board chair; Syed Athar Hussain has been re-elected vice chair and Richard Hubbard of Texas Instruments has been elected secretary and treasurer. Each will serve one-year terms.
http://www.businesswire.com/news/home/20140527006287/en/VESA%C2%AE-Elects-Board-Officers#.U4TxOHJdXng

(San Francisco) San Francisco-based Twist Bioscience said on Tuesday it has raised $26 million in its second round of funding, which the company will use to commercialize its semiconductor-based synthetic gene manufacturing process. Nick and Joby Pritzker, through their family's firm Tao Invest, led the round, which also included participation from ARCH Venture Partners, Paladin Capital Group, Yuri Milner and additional investors. All of the company's previous backers participated. The company also received a $5.1 million contract from the Defense Advanced Research Projects Agency (DARPA) to fund development of its technology platform for the large-scale, high-throughput construction of genetic designs.
http://www.twistbioscience.com/ 
http://www.prnewswire.com/news-releases/twist-bioscience-secures-311-million-260746291.html 

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> The One Leadership Secret You Can’t Ignore

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> Associate Director – ORIX Ventures

ORIX Ventures is seeking Associate Directors for its growing venture lending group. With opportunities based in both Seattle, Washington and Hartford, Connecticut, the Associate Director will lead venture lending transactions through deal evaluation, term sheet, due diligence, company analysis, modeling, documentation and close. The Associate Director will work closely with senior ORIX Ventures management, equity investors and management teams to successfully grow the ORIX Ventures platform. Qualified candidates should have a history of professional and academic achievement, strong analytical and organizational skills, and an understanding of the growth company space. The ideal candidate has 5-10 years of work experience at a top-tier investment bank, private equity or debt fund, or venture capital firm with solid accounting and financial modeling acumen, an interest in technology companies and a desire to work closely with the venture capital and private equity communities. Additional requirements include a disciplined attention to detail, a team orientation, and a personality that thrives in a fun, performance driven environment. Please forward your resume to mpickle@orix.com Visit our website at http://orixventures.com/
____________________________________________

> Investment Advisor Executive

Investment Advisor Representative-Sales. High payout-little or no costs to you-fully regulated by The State of California and FINRA. Easy platform to have your own Advisory office with full regulation and a fully operable back office. Send resumes to Raymond@AbrahamLockhart.com
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Copyright: CapWire Inc. 2014
 

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Friday, May 23, 2014

Bay Area Tech Wire -- May 23

============================================
BAY AREA TECH WIRE -- May 23, 2014
============================================
Sponsored By: Fairfax County Economic Development Authority
http://www.fairfaxcountyeda.org/bay-area-tech-wire
   
 

o San Francisco-Based Thumbtack Raises $30 Million in Third Round
o
Mountain View-Based Golgi Launches After Raising $5 Million in Funding
o
AOL Acquires PrecisionDemand to Bolster San Mateo-Based Adap.tv
o
San Francisco-Based Wikia Acquires Community Platform Huddler
o 
WSJ: Google Developing Tablet with Advanced Vision Capabilities
>
The One Leadership Secret You Can’t Ignore
o
Briefly Noted: 2014 TiE50 Awards

_____________________________________________

> Job/Event/Marketplace Classified Listings (Full Listings Below Stories)


--The One Leadership Secret You Can’t Ignore
--Associate Director – ORIX Ventures
--Tech + Travel Demo Event – May 22, 2014

--Investment Adviser Executive
--Advertise on Bay Area Tech Wire and Reach More than 6,000 Subscribers

Ad Descriptions Below Briefly Noted Section
Post Job/Event/Marketplace ad: http://www.bayareatechwire.com
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o San Francisco-Based Thumbtack Raises $30 Million in Third Round

San Francisco -- Thumbtack, the San Francisco-based developer of a service designed to introduce customers to several available and qualified professionals, said it has raised $30 million in its third round of funding, co-led by Sequoia Capital and Tiger Global Management. The company, which now has raised $49 million since its inception, will use the proceeds to "significantly" grow its staff and bolster product development. "There are many services that provide listings of professionals with ratings and phone numbers, but end there," said co-founder and CEO Marco Zappacosta. "Thumbtack goes much farther -- instead of just showing you information, we connect you with professionals ready to do your job within hours." The average project on Thumbtack is $600, in categories led by Personal Training, Catering, Moving, Interior Painting and Singing Lessons. The company said it sends an estimated $1.8 billion worth of business annually to 63,000 paying professionals.
http://www.thumbtack.com/ 
http://finance.yahoo.com/news/thumbtack-reveals-tremendous-growth-helping-130000990.html;_ylt=AwrBJSAah39TBFAARRXQtDMD 
_____________________________________________

o Mountain View-Based Golgi Launches After Raising $5 Million in Funding

Mountain View, Calif. -- Golgi, the Mountain View-based developer of a data transfer platform designed to hasten loading times for connected devices and mobile apps, said it has launched operations after raising $5 million in funding from Openmind Networks. The company, founded last year by Openmind, said its goal is to help developers and engineers retain the 79% of consumers who stop using an app after two bouts of poor functionality. Its tools let developers create data-transfer code, which they can plug into their programs. The platform then keeps apps up-to-date with the latest messages, news, profile updates, high scores and notifications from connected devices. "All it takes is the blink of an eye for someone to decide whether they want to keep using an app or device," said CTO Brian Kelly. "Golgi helps protect developers from building a great product only to see it fail because they're not experts in data transport between devices."
http://www.golgi.io
http://www.businesswire.com/news/home/20140522006259/en/Golgi-Officially-Launches-Kill-Spinning-Wheel-Slow-Loading#.U3988nJdXng 
_____________________________________________

o AOL Acquires PrecisionDemand to Bolster San Mateo-Based Adap.tv

New York -- Looking to bolster its platform capabilities around TV and digital video, AOL has acquired New York-based PrecisionDemand, a developer of tools designed to target TV and measure its results more effectively. Financial terms of the deal were not disclosed. PrecisionDemand will become part of San Mateo-based Adap.tv, developer of a programmatic video ad platform that AOL acquired for $405 million last summer. "PrecisionDemand will be a key component of our advanced TV targeting, attribution and optimization technology available in the market," wrote Toby Gabriner, the CEO of Adap.tv, in a blog post.
http://www.precisiondemand.com 
http://blog.adap.tv/2014/05/21/bringing-greater-precision-to-tv-advertising-welcoming-precisiondemand-to-the-family/ 
_____________________________________________

o San Francisco-Based Wikia Acquires Community Platform Huddler

San Francisco -- Wikia, the San Francisco-based developer of a platform that allows users to form new web communities around any subject or participate in over 400,000 existing communities, said it has acquired San Francisco-based Huddler, a developer of community-driven sites with roots in retail and affiliate advertising. Financial terms of the deal were not disclosed. Wikia said the acquisition bolsters its talent and commerce technologies, while expanding its lifestyle communities focused on subjects such as fashion, technology and outdoors. "The acquisition allows us to embrace an unduplicated audience of over 12 million who convene and connect around their passions in areas like technology, fashion, sports and other lifestyle pursuits," said Wikia CEO Craig Palmer. Wikia has retained Huddler co-founders Ted and Dan Gill, as well as a majority of the company's engineering, product and business development staff. Huddler's more than 20 sites will continue to operate independent of the Wikia platform.
http://www.wikia.com 
http://www.huddler.com/ 
http://www.prnewswire.com/news-releases/wikia-acquires-huddler---expands-technology-team-and-lifestyle-audience-in-communities-for-superfans-260316451.html 
_____________________________________________

o WSJ: Google Developing Tablet with Advanced Vision Capabilities

Mountain View, Calif. -- Google is developing a new 7-inch tablet computer with advanced vision capabilities, The Wall Street Journal reported. The Mountain View-based company next month plans to release about 4,000 of the prototype devices to developers, who will then attempt to come up with practical applications for the technology. The Journal reported that the tablets will come equipped with two back cameras, infrared depth sensors and advanced software that can capture precise 3-D images of objects. Google in February released a similar prototype smartphone.
http://online.wsj.com/news/articles/SB10001424052702303749904579578833557306544
_____________________________________________

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The One Leadership Secret You Can’t Ignore

We've all had setbacks and obstacles in our personal and professional lives. How does an effective leader react and respond to setbacks? Here, we’ll talk about one of the most important core leadership secrets – five simple and quick daily practices any leader can use to work through a professional setback. http://www.fairfaxcountyeda.org/bay-area-tech-wire

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_____________________________________________

o Briefly Noted:


(Santa Clara, Calif.) TiE SV, the Silicon Valley chapter of The Indus Entrepreneurs, has named the winners of its 2014 TiE50 awards. The annual awards honor the 50 hottest tech startups from around the world in the categories of Software, Mobile, Internet of Things, Clean Tech and Life Sciences. Companies were selected by a judging panel of entrepreneurs, venture capitalists, angel investors and CEOs, who scored nominees on business model, IP value and leadership team. The complete list of winners is available at the link below.
http://www.tie50.net/TiE50Awards/TiE50_Winners_2014.asp

===================================================
Job/Event/Marketplace Listings:
===================================================
To Post in Job/Event/Marketplace: http://www.bayareatechwire.com
6000 Readers: 5 day ad: $120--10 day ad: $175--20 day ad: $300


> The One Leadership Secret You Can’t Ignore

We've all had setbacks and obstacles in our personal and professional lives. How does an effective leader react and respond to setbacks? Here, we’ll talk about one of the most important core leadership secrets – five simple and quick daily practices any leader can use to work through a professional setback. http://www.fairfaxcountyeda.org/bay-area-tech-wire
____________________________________________

> Associate Director – ORIX Ventures

ORIX Ventures is seeking Associate Directors for its growing venture lending group. With opportunities based in both Seattle, Washington and Hartford, Connecticut, the Associate Director will lead venture lending transactions through deal evaluation, term sheet, due diligence, company analysis, modeling, documentation and close. The Associate Director will work closely with senior ORIX Ventures management, equity investors and management teams to successfully grow the ORIX Ventures platform. Qualified candidates should have a history of professional and academic achievement, strong analytical and organizational skills, and an understanding of the growth company space. The ideal candidate has 5-10 years of work experience at a top-tier investment bank, private equity or debt fund, or venture capital firm with solid accounting and financial modeling acumen, an interest in technology companies and a desire to work closely with the venture capital and private equity communities. Additional requirements include a disciplined attention to detail, a team orientation, and a personality that thrives in a fun, performance driven environment. Please forward your resume to mpickle@orix.com Visit our website at http://orixventures.com/
____________________________________________

> Tech + Travel Demo Event – May 22, 2014

It's that time! Summer is approaching and the travel bug is getting ready to bite. Come join us at the Crocker Galleria and check out the hot new apps and technologies geared towards making your travels less stressful and more fun. Get an hands on experience with these cool new products local to San Francisco! Free to attend. Register here
____________________________________________

> Investment Advisor Executive


Investment Advisor Representative-Sales. High payout-little or no costs to you-fully regulated by The State of California and FINRA. Easy platform to have your own Advisory office with full regulation and a fully operable back office. Send resumes to Raymond@AbrahamLockhart.com
____________________________________________

> Advertise on Bay Area Tech Wire and Reach More than 6,000 Subscribers

Bay Area Tech Wire has over 6,000 subscribers who rely on it for their daily briefing of local technology news. Bay Area Tech Wire has various advertising offerings ideal for jobs listings, events, service offerings, and office space for rent. For more info, go to: 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
Digital Media Wire: http://www.digitalmediawire.com

Advertising: If you are interested in advertising in our newsletters, call
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News tips, press releases. Send email to:
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Tech Wire Mailing Address:
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Copyright: CapWire Inc. 2014

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