Thursday, April 12, 2012

Bay Area Tech Wire -- April 12

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BAY AREA TECH WIRE -- April 12, 2012
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To Subscribe: www.bayareatechwire.com

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Oakland-Based BrightSource Pulls Plans for Initial Public Offering
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Foster City's Conduit to Sell 7% to J.P. Morgan for $100 Million
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Zoosk Moving Headquarters to Larger Space in San Francisco
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San Francisco-Based Yammer Acquires oneDrum
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LinkedIn-Rival Viadeo Raises $32 Million in New Funding
o Briefly Noted: Sparkart, Nest Labs, Hercules Technology Growth Capital

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


--Tales from the Unemployed: The Four Most Common Costly Mistakes to Avoid
--Percona Live MySQL Conference & Expo
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Executive Briefing - Product Portfolio Briefing
--SkySQL & MariaDB Solutions Day for the MySQL Database - April 13th
--Marketing Events Coordinator
--Senior Manager, eCommerce – Redwood City, CA
--Account Manager
--Sr. Financial Analyst
--Mid-Atlantic Marketing Summit - April 20, 2012
--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 Oakland-Based BrightSource Pulls Plans for Initial Public Offering

Oakland -- BrightSource, an Oakland-based clean technology startup developing solar power plants, late Wednesday withdrew plans for its proposed initial public offering, just hours before it was expected to price the IPO. In a filing with the Securities and Exchange Commission (SEC), the company said it decided to pull the offering "in light of current market conditions." BrightSource first announced plans for the IPO nearly a year ago, and more recently said it expected to price shares at $21-$23 each. "While we received significant interest from potential investors, the continued market and economic volatility are not optimal conditions for an IPO," said John Woolard, the company's president and CEO. "As a company, we've consistently made decisions in the best interest of our shareholders, employees and customers, and we will continue to do so."
http://www.brightsourceenergy.com/ 
http://www.sec.gov/Archives/edgar/data/1471443/000119312512159644/d173853drw.htm 
http://www.brightsourceenergy.com/images/uploads/press_releases/
BrightSource_S1_Announcement_Final.pdf (PDF)
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o Foster City's Conduit to Sell 7% to J.P. Morgan for $100 Million


Foster City, Calif. -- Conduit, an Israeli developer of tools designed to help publishers create mobile sites and mobile apps, said it will sell a 7% stake in the company for approximately $100 million to an investment fund advised by J.P. Morgan Asset Management. The deal values the company -- which has U.S. offices in Foster City -- at $1.3 billion. Founders Ronen Shilo, Dror Erez and Gaby Bilzyk will maintain a controlling stake. "The next few months will be some of the most important in the history of Conduit, and we're thrilled to have partners like J.P. Morgan Asset Management as our company continues to grow," said Shilo.
http://www.conduit.com 
http://www.businesswire.com/news/home/20120411006370/en/Conduit-Confirms-J.P.-Morgan-Fund-Agrees-Purchase 
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o Zoosk Moving Headquarters to Larger Space in San Francisco

San Francisco -- Zoosk, the San Francisco-based developer of a romantic social network, said it plans to move its corporate headquarters to a 52,000-square-foot facility at 989 Market Street. The company said the larger space will help accommodate its growth, as it expands from 102 employees to around 160 by the end of this year. "We needed more room to grow and a location that will help attract top talent," said co-CEO Alex Mehr. We also wanted a space that was more in-line with Zoosk's fun and creative culture instead of a traditional, corporate office." The new lease more than doubles Zoosk's current Financial District footprint of 21,000 square feet. The building also houses Zendesk. Founded in 2007, Zoosk is backed by Canaan Partners, Bessemer Venture Partners and ATA Ventures.
http://www.zoosk.com 
http://www.sfmayor.org/index.aspx?page=776 
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o San Francisco-Based Yammer Acquires oneDrum

San Francisco -- Yammer, the San Francisco-based developer of private social networks for businesses designed to help employees more easily collaborate, said it has acquired U.K.-based oneDrum, a developer of file sharing and collaboration software for businesses. Financial terms of the deal were not disclosed. Yammer said the acquisition will allow it to add desktop sync capabilities, enabling file folders to be shared across multiple users' desktops, as well as technology that lets multiple authors work together on Microsoft Word, Excel and PowerPoint documents in real time. "Employees spend a huge amount of time working with files, especially in Microsoft Office," said CEO David Sacks. "Through oneDrum, Yammer will incorporate all of that content into the enterprise social graph, making it discoverable and collaborative." All of oneDrum's employees will join Yammer, with CEO Jasper Westaway leading the integration of the two products. The news comes a month after Yammer raised $85 million in its fifth round of funding, led by DFJ Growth.
https://www.yammer.com/ 
http://onedrum.com/ 
http://www.marketwire.com/press-release/Yammer-Acquires-oneDrum-to-Make-Content-Social-1642789.htm 
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o LinkedIn-Rival Viadeo Raises $32 Million in New Funding

San Francisco -- Viadeo, a France-based professional social network with over 45 million members, said on Thursday it has raised $32 million in a new round of funding. The company, which has U.S. headquarters in San Francisco, said it received investments from the French Sovereign Wealth Fund, the Fonds Strategique d'Investissement, previous backers Idinvest and Ventech and a pool of new investors including Allianz, Jefferies and Middle Eastern private funds. The company will use the proceeds to accelerate its growth in Europe and China, as well as other key emerging markets like Latin America, Russia, India and Africa. Viadeo, which focuses on non-English speaking markets, is the world's No. 2 professional social network behind LinkedIn. "We're a global society where critical business connections span multiple languages, geographies and cultures," said CEO Dan Serfaty. "We have always been laser-focused on our 'multi-local' approach, which goes beyond simple translation and focuses on catering to, and understanding the business and cultural needs of each market."
http://www.viadeo.com 
http://www.marketwatch.com/story/viadeo-closes-32-million-round-one-of-the-largest-european-tech-investments-of-the-last-12-months-2012-04-12 
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o Briefly Noted:


(Emeryville, Calif.) Emeryville-based Sparkart, a digital agency focused on website design and campaign management, said it has opened a new regional office in Nashville, Tenn. The company has named Elyse McKenna, the former president of welcome mat entertainment, as the vice president of Sparkart South.
http://www.sparkart.com/ 

(Palo Alto, Calif.) Palo Alto-based Nest Labs, developer of a technologically enhanced thermostat designed to help users minimize their home-energy consumption, on Thursday named Richard "Chip" Lutton Jr. as its vice president and general counsel. Lutton is the former chief intellectual property officer of Apple.
http://www.nest.com 
http://www.businesswire.com/news/home/20120412005376/en/Apple-Chief-Patent-Counsel-Richard-Lutton-Jr

(Palo Alto, Calif.) Palo Alto-based Hercules Technology Growth Capital, a provider of customized loans to technology companies, said on Friday it has priced an underwritten public offering of $43 million in senior notes. The notes are due in 2019. The company said it will use the net proceeds to fund investments in debt and equity securities.
http://investor.htgc.com/releasedetail.cfm?ReleaseID=663524 

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


> Tales from the Unemployed: The Four Most Common Costly Mistakes to Avoid by Stephen A. Laser

You've lost your job. Now what? The way people react to unemployment varies from angry and frustrated to sad and depressed. For many workers, there is also the desire to take immediate action and go on the offensive to get hired as quickly as possible. After all, it is better to be proactive than reactive, right? Not necessarily. Stephen A. Laser, a business psychologist and author of Out-of-Work and Over-40, suggests you need to take some time to regroup and make a plan. Dr. Laser gives four common reactions to unemployment that can prove to be very costly mistakes at http://www.fairfaxcountyeda.org/bay-area-tech-wire
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> Percona Live MySQL Conference & Expo

The Percona Live MySQL Conference & Expo features 72 breakout sessions and 16 tutorials from leading technology experts. Representatives from HP, Box, Facebook, Amazon Web Services, Clustrix, Eucalyptus Systems and more will give keynote presentations. Attendees can connect with other community members at two networking receptions which will feature the annual Community Awards and Lightning Talks. Birds of a Feather sessions on Tuesday and Wednesday will allow like-minded individuals to connect. Join us April 10-12 at the Hyatt Regency Santa Clara and Santa Clara Convention Center. Post-conference events on April 13 allow further engagement. Full conference details are available at http://www.percona.com/live/mysql-conference-2012 Send inquiries to terry.erisman@percona.com
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> Executive Briefing -- Product Portfolio Management


It's a fact! As your product portfolio grows, the market impact of your organization can quickly become diluted because traditional product management practices focus on improving the performance of each product. Executives and Senior Managers are invited to attend an Executive Briefing to learn how a Product Portfolio Management model improves your market value by uncovering and solving bigger problems beyond the limits of individual products. Business practices for evaluating markets, analyzing competitors, formulating strategies, developing requirements and executing product plans take aim at a completely different target - the performance of your company in key markets - and offers greater strategic value to your organization. Attend in 13 cities in April, May and June. $199 per person. http://www.proficientz.com/portfolio-mgmt-executive-briefing.html
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> SkySQL & MariaDB Solutions Day for the MySQL Database - April 13th, Santa Clara

Receive FREE, hands-on training and consulting on MySQL database solutions from the experts at SkySQL, MariaDB, Calpont, Continuent, ScaleDB, Severalnines, Sphinx, and Webyog, among others. As well, join industry visionaries, including Monty Widenius and David Axmark, the original authors of the MySQL database, as they share their insights on current and future trends pertaining to the world's most popular database. A complimentary luncheon will be served, and a free Biergarten will follow the final keynote. Register now at http://www.skysql.com/mysql-solutions-day 
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> Marketing Events Coordinator

Coblentz, Patch, Duffy & Bass LLP, a mid-size law firm is currently seeking a Marketing Events Coordinator with 3+ years of marketing events experience in a corporate environment to provide administrative support to the Marketing Department. This position reports directly to the Marketing Manager to plan, coordinate and manage all aspects of client seminars and receptions, sponsorship events, Firm events and retreats, and other special events. Candidate must have a Bachelor's degree and the ability to communicate clearly and effectively in one-on-one and small group settings with business partners and outside vendors. Additionally, candidate must be a self-starter, detail oriented, have the ability to organize and prioritize a number of tasks and complete them under time constraints. Strong computer, backend web development, HTML and graphics skills are required. Experience with Adobe Photoshop, Illustrator, and InDesign is preferred. Salary: DOE. Please include your salary requirement. Submit your resume and cover letter to the following link (or copy and paste the link to your web browser) https://home.eease.com/recruit/?id=1185751 
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> Senior Manager, eCommerce -- Redwood City, CA

The Sr. Manager of eCommerce will provide leadership on key eCommerce initiatives within Shutterfly.com to continuously improve our customer shopping experience. Reporting to the Sr Director of eCommerce, this seasoned eCommerce professional will use site analytics to drive informed business recommendations, develop site tests aimed at optimizing business goals and serve as the business lead for selected eCommerce projects. This role is focused on driving a compelling and frictionless eCommerce experience for our customers. It is perfect for someone who is interested in using his/her business acumen, eCommerce expertise, and analytic skills to drive exceptional short- and long-term business results. Apply online at: http://www.shutterfly.com/about/positions.jsp?jvi=oW3aWfwP
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> Account Manager

Come join PaperG, just named one of the Forbes' 100 Most Promising Companies in America, as we reinvent modern advertising. A PaperG Account Manager works as a key member of the Accounts team, where they will support PaperG's media company partners and help them thrive using PaperG's technology. Qualifications: College degree. A friendly and engaging personality - a must!. Excellent computer and Internet knowledge. High energy level. Resourceful, well organized, highly dependable, efficient and detail oriented. Knowledge of online advertising industry a strong plus. Send your resume to careers@paperg.com In your email or cover letter, let us know why PaperG interests you.
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> Sr. Financial Analyst

Veracyte is a molecular diagnostics company that is pioneering the emerging field of molecular cytology. Our Finance team seeks an individual who will report to the CFO, with the ability to develop and maintain long-range financial models for the company's strategic plan, produce product revenue projections and forecasts and prepare financial analyses. They will also be able to analyze trends, manage components of the operating plan process, participate in the valuation of potential business development opportunities, and collaborate with R&D, Commercial and Operations functions. The ability to thrive in a fast-paced, challenging and highly diverse team environment is critical. To be a successful candidate you will have at least 4 years of finance/accounting experience, with a proven track record of incorporating applications of accounting principles, financial reporting, and cash management, and be an expert in Excel. It's important that you have experience in life sciences and knowledge/experience with Microsoft GP is a plus, as is an MBA. We would like you to share our commitment to teamwork and collaboration and be excited by the challenges of applying your expertise to an important, emerging area in diagnostics. To apply, please send your resume to jobs@veracyte.com For additional information, see our website www.veracyte.com
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> Mid-Atlantic Marketing Summit - April 20, 2012


This year's Mid-Atlantic Marketing Summit will include over 12 panel discussion, various research presentations, networking opportunities and keynotes. The event is a co-production between Potomac Tech Wire and the Capitol Communicator, two of the leading newsletters covering the technology, marketing and communications industries in the area. Panel topics include: Analytics and Metrics: Major Marketing Trends; CMO Roundtable: Current State of Marketing; Mobile Marketing: Beyond The Hype and much more. The event will be held from 8:00 am - 5:00 pm on April 20 at the state-of-the-art Gannett Headquarters in McLean, Va. For more information, go to: www.mamsummit.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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