Elo Touch moves HQ to Milpitas
Menlo Park-based Elo Touch Solutions has struck a deal to move its head offices and 150 employees to Milpitas, hoping to improve its recruitment of employees to work at the touch-screen company.
Elo Touch expects to move in March to 1033 McCarthy Blvd., where the company is leasing 75,000 square feet. The lease was arranged through Cornish & Carey Commercial, a realty brokerage.
The new headquarters will enable Elo Touch solutions to expand its workforce.
"We are excited to be neighbors with the high-tech innovators in Milpitas and the broader Silicon Valley community," Elo Touch CEO Craig Witsoe said.
ServiceMax lands $27M in VC funding
Pleasanton-based ServiceMax has landed $27 million in venture financing led by Crosslink Capital, a new investor in the company.
ServiceMax sells cloud-based software to handle services that are performed in the field, including scheduling service, parts and work orders.
"This funding will allow us to expand our global operations to address the rapidly expanding demand we're seeing," the company said in a prepared release.
Peet's Coffee names new CEO
Emeryville-based Peet's Coffee & Tea says Dave Burwick, a beverage and retail veteran, will become CEO and president, effective Dec. 31.
Burwick will succeed Patrick O'Dea, who is stepping down as Peet's CEO after more than 10 years as the beverage retailer's top boss. On Oct. 29, private investment firm Joh. A. Benckiser completed its purchase of Peet's.
"I'm very gratified knowing that we built Peet's over the last decade with a commitment to core values and beliefs that is truly unusual," O'Dea said. "In doing so, we had a profound and enduring impact on people's lives in our own company, in the communities surrounding our stores and in the countries around the globe where we buy our coffee."
Burwick has more than 20 years of extensive experience in the beverage and retail industries. Burwick most recently has served as president of North America for Weight Watchers. He also has lengthy executive experience in multiple posts at PepsiCo.