August 18, 2009
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Sierra Ventures News
Sierra Ventures CIO Summit
Breakthrough Ideas & Leadership for CIO’s
 
Sierra Ventures announces their 4th Annual CIO Summit.  This invite-only event is specifically designed for the Sierra Ventures CIO Advisory Board that has been developed over the past 5 years. This 40+ person advisory board is made up of IT Executives from Fortune 500 companies across all major industries and throughout the U.S. – the Advisory Board serves as a key element of Sierra’s IT investment strategy. 
 
This year’s event includes keynote speakers Joe Tucci–CEO/Chairman EMC, Charles Phillips–President Oracle, and Mark Templeton–CEO Citrix. 12 CEO’s from Sierra’s portfolio will also be presenting, along with panel discussions such as cloud computing, top IT spending trends. Previous keynote speakers have included Mark Hurd, Eric Schmidt, Meg Whitman, Marc Benioff and Diane Greene. 
  
Contact Gamiel Gran for further information (note that the event is for our CIO Advisory Board members only).

Strategic Portfolio News:
Approva Profiled by Leading Independent Research Firm in Governance, Risk & Compliance (GRC) Report
August 5, 2009 – Approva® Corporation, the leading provider of continuous controls monitoring software, today announced that independent advisory firm AMR Research has profiled Approva as part of a series of GRC software vendors.
Authentec Reports Second Quarter 2009 Financial Results
August 6, 2009 – AuthenTec (NASDAQ:AUTH), the world’s leading provider of smart fingerprint solutions, today reported financial results for the second quarter of 2009 ended July 3, 2009.

  

Industry Click Fraud Rate Drops to 12.7% in Q2
August 12, 2009 – Digital Media Group (DMG), China’s leading digital media operator and advertising solution provider within subway systems, has officially announced an agreement with Hong Kong’s MTR Corporation Limited (MTR) to become the sole operator of in-train TV programs and advertisement on the Ktt.

Greenplum Continues Record Growth and Momentum in Data Warehousing Infrastructure Market
August 4, 2009 – Leading database software vendor achieves record growth in first half of 2009, with 50% increase in sales, 70% increase in customer base and continued rapid international expansion


MIOX Launches Ox Cell for Existing On Site Generating Systems
August 4, 2009 – MIOX Corporation, a leader in safe water disinfection, has introduced the oX-Cell™ mixed oxidant electrolytic cell for existing MIOX mixed oxidant and hypochlorite on-site generating systems. The ox-Cell is designed to reduce operating costs with improved chlorine production, lower salt and energy consumption, an enhanced control scheme, and easy installation.

  

FarmPRO GPS System Wins Coveted AE50 Award
June 2, 2009 – The American Society of Agricultural and Biological Engineers (ASABE) has announced that the AutoFarm FarmPRO™ GPS Steering & Application Control System has won an AE50 Award.

  

Co-Founder Bismarck Lepe Talks to Forbes about Ooyala’s Online Video Service.

 
Ooyala Appoints Jay Fulcher as CEO
August 11, 2009 – Ooyala, the leading provider of end-to-end video platform applications and services, today announced the appointment of Jay Fulcher as President & Chief Executive Officer. Former CEO and Co-Founder Bismarck Lepe, who led the company since its inception in early 2007, has been appointed President of Product Strategy, reporting to Fulcher.

  

Opalis Software Reports 97% License Revenue Growth
August 6, 2009 – Opalis Software Inc., the privately held market leader in IT process automation, today announced record performance for the quarter ending June 30, 2009. Opalis increased net license revenue 97% in year over year comparisons and had the highest quarterly revenue in its history.

  

Parature Announces Social Media Integration with Twitter
August 6, 2009 – Parature, the global leader in on-demand customer service software, announced today a social media integration with Twitter that empowers organizations to efficiently monitor tweets for proactive response and an improved customer experience.

  


 

Any questions can be submitted to news@sierraventures.com
Sierra Ventures has managed nine venture capital partnerships and currently has more than $1.5 billion of capital under management. Some of the firm’s investments include 360Commerce (acquired by Oracle), Active Software (acquired by WebMethods), AmeriGroup (AGP), Centex (acquired by WorldCom), AuthenTec Inc. (AUTH), ConvergeNet (acquired by Dell), FatBrain (acquired by Barnes & Noble), Frontbridge (acquired by Microsoft), Healtheon (merged with WebMD), Interact Commerce (acquired by Sage), Intuit (INTU), Micromuse (acquired by IBM), OnAssignment (ASGN), OnLink (acquired by Siebel), Quinta (acquired by Seagate), StrataCom (acquired by Cisco), Sourcefire (FIRE), Sychip (acquired by Murata Corporation), Teradata (acquired by NCR).
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