Sprouts opens new Bay Area markets
Sprouts Farmers Market is poised for a big push into the Bay Area with new stores in San Jose, Walnut Creek and Fremont on the heels of its purchase of rival organic and natural foods market chain Sunflower Farmers Market.
The first of two Sprouts stores in San Jose is slated to open Wednesday at Prospect Road and Saratoga Avenue in West Valley Shopping Center. The second San Jose store will open July 18 at Branham Lane and Almaden Expressway.
Sprouts also intends to open a store in September in Walnut Creek at Geary Road and North Main Street.
Recently, Sunflower opened a market in Fremont that will be re-branded under the Sprouts name. Last year, Sprouts opened a store in Dublin.
With the purchase of Sunflower, Sprouts has revenue that is projected in 2012 to approach $2 billion. Sprouts now operates 144 stores and employs 11,000.
Box opens European HQ in London
Los Altos-based Box.Net has opened its first international headquarters to support a growing base of customers in Europe for the cloud services company.
Box opened the new office in London and intends to hire 100 employees from the London area by the end of 2013.
"We've seen significant customer growth across Europe in the last year and are thrilled to be building out a local presence to support our customers,"
"A tremendous shift is taking place in Europe. Businesses are looking for solutions that help them move to the cloud and transition away from costly, inflexible legacy technologies," he said.
Box has raised $162 million in venture capital since its founding in 2005.
Network Equipment agrees to sell itself
Fremont-based Network Equipment Technologies has agreed to sell itself to Massachussets-based Sonus Networks.
At the current purchase price of $1.35 a share, the deal is valued at $412 million.
Applied Materials names new president
Santa Clara-based Applied Materials has named Gary Dickerson as president of the semiconductor equipment firm.
Dickerson, a 30-year industry veteran, most recently was CEO of Varian Semiconductor Equipment Associates, which Applied Materials acquired last year.
As president, Dickerson will be responsible for the day-to-day operation and performance of the company's four business units.