- American City Business Journals•27 days ago
Private equity firms did more deals and invested more dollars last year in the tech sector than they had in 15 years, one of the factors that helped tech IPO candidates put off their Wall Street debuts. The biggest private equity exit of the year in the Bay Area, for example, involved Sunnyvale-based computer security company Blue Coat Systems. A few weeks after filing to raise $100 million in an IPO, Bain Capital sold Blue Coat in June to Mountain View-based Symantec, which is controlled by Silver Lake.
- American City Business Journals•28 days ago
Aclara Technologies, the smart-metering company based in Hazelwood, has hired Aaron Merkin as its first-ever chief technology officer. Merkin is the former chief technology officer of ABB Enterprise Software, a unit of Switzerland-based ABB. For the last six months, Merkin was focused on the development of overall software architecture for ABB’s Grid Automation solutions.
- American City Business Journals•last month
Virtualized networking upstart Viptela on Thursday named Praveen Akkiraju as CEO, reuniting the 19-year Cisco Systems veteran with some of his longtime colleagues from that tech giant. Akkiraju in his long tenure led every major routing business at Cisco (CSCO). After that he was CEO for three years at VCE, which was a cloud computing infrastructure joint venture between VMware, Cisco and EMC that EMC eventually bought control of and then became part of Dell.
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