June Business Bits

  • Hacienda's ZELTIQ, a company that is developing a new, non-invasive fat reduction technology, has raised $25 million in Series D funding, bringing their investment total since their 2005 founding to $50 million. Leading this round is Aisling Capital, a firm which is joined by three returning investors. Andrew Schiff, MD, managing partner of Aisling Capital, will also join ZELTIQ's board of directors.

    "ZELTIQ is making an impressive start and on the road to creating a game-changing innovation in the aesthetic field," adds Dr. Schiff of Aisling Capital. "No technology we have seen better combines efficacy, safety, and patient comfort in an entirely non-invasive procedure."

    ZELTIQ's system uses a patented method called Cryolipolysis - the use of precisely controlled cooling to remove fat - that is designed to kill only fat cells.

  • 1st United Services Credit Union, a not-for-profit banking institution that is headquartered in Hacienda, this month opens a new, full service branch in the Rockridge Shopping Center in Oakland, bringing their service-oriented financial philosophy to the Rockridge, Piedmont, and Montclair neighborhoods.

    "We're expanding to better serve our many members who live in the area, and to offer a better way to bank to everyone who lives, works or shops near this new branch," says Victor Quint, president and CEO of 1st United Services Credit Union. "We hear it every day - consumers are actively looking for ways to save more and spend less on financial products."

    1st United Services Credit Union has branches throughout the East Bay, as well as free mobile and online banking and free access to more than 28,000 CO-OP Network ATMs nationwide. For more information, visit www.1stuscu.org .

  • Veeva Systems unveiled the first Software-as-a-Service (SaaS) Customer Relationship Management (CRM) application network for life sciences companies at its 2nd Annual Customer Summit last month. Veeva Web, Veeva Systems' new strategic partner network, enables Veeva CRM customers to easily extend the use and reach of their multi-tenant SaaS CRM systems without the typical system integration complexities or corresponding costs.

    "Veeva Web is a prime example of the business value that a mature multi-tenant architecture can deliver," says Brian Longo, director of product development at Veeva Systems. "By offering outstanding extensibility without the elevated price tag, we are eliminating cost as an obstacle to CRM system integration."

    Veeva has dozens of customers ranging from the world's largest pharmaceutical companies with thousands of users to emerging biotechs commercializing their first products.

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