Barclaycard Poised for Expansion Boost in Staley’s New Model (Bloomberg)
Barclaycard US is based in Wilmington.

The new destination on NJ Turnpike? Exit 6A-Florence (Philadelphia Inquirer)

Diane Greene wants to put the enterprise front and center of Google Cloud strategy

Sunday highlights: Verizon's media strategy; Redoing King of Prussia, to some extent

 Subscribe in a reader
Subscribe to Philadelphia Tech News by Email

Verizon’s Multi-Billion-Dollar Play To Take On Netflix, Amazon, Google & Facebook (Fast Company)

Microsoft, SAP seen as possible buyers of Marketo (Silicon Valley Business Journal)

How TD Bank Is Transforming Its Data Infrastructure (Information Week)

Host Analytics – on the growth train (Diginomica)
Partners include QLIK and Dell Boomi.

A $1 billion boom (
Redoing King of Prussia, to some extent.

Philly Tech VentureWatch 5/29/2016: Viridity Energy, HudlHealth, VerbalizeIt, LoanStar

Tom Paine

 Subscribe in a reader

Philly-based Viridity Energy has raised $8.5 million in what it terms a "growth round." The company, which develops software which helps companies and institutions optimize their individual energy grids, has now raised $39 million in VC funding since its 2008 founding, according to CrunchBase. This round was led by its longtime investor AltEnergy, LLC; past investors have included Intel and Matsui.

Viridity provides demand response and demand management software technology and services, along with battery storage solutions, to high energy industrial and services users. Greentech Media does a much better job of describing what Viridity is currently up to than I ever could.

The company is working on construction of an 8.75 MW regenerative braking project with the Southeast Pennsylvania Transit Authority (SEPTA), Constellation, ABB and Saft. The original management team was composed mostly of veterans of Norristown-based PJM InterConnection, which manages the mid-Atlantic grid.

When I first covered Viridity, I wondered about the complexity of the software it was developing. The Greentech Media article mentioned that it had to simplify its stack a couple of years ago because of scaling issues. Viridity's attempt at real time management of some elements of a facility's energy usage could be particularly demanding from a software engineering point of view.

Audrey Zibelman / NY PSC
Audrey Zibelman, Viridity's founding CEO, had previously been EVP & COO of PJM. An attorney, Zibelman left in 2012 to become the chair of New York State's Public Service Commission,  a fact I first became aware of when the PSC was planning to hold hearings into the Comcast/Time Warner Cable deal.  Zibelman was criticized last year for still having ties to Viridity (some equity, which she promptly disposed of) while having potential conflicts. For example, Con Edison, the state's largest electric utility,  was probably Viridity's most important client.

Currently,  there is an ongoing federal investigation into the Public Service office, which Politco in an article published Thursday seems to imply involves issues from Zibelman's tenure and could reach the Governor's office. No one has been accused of wrongdoing, Politico notes.

Malvern-based startup HudlHealth announced it is beginning operations.

HudlHealth also announced it had acquired Seratis, a graduate of DreamIt's healthcare incubator, and its "healthcare technology platform for secure messaging and care team transparency."    

The primary aim of HudlHealth's platform is to reduce the miscommunication and wasted time prevalent in the healthcare system.  From experiences both as a caregiver and patient, I concur that tremendous waste occurs due to lack of schedule coordination, and if HudlHealth can reduce a small portion of that its a worthy goal.

HudlHealth was founded by Robert Burg, who  previously helped establish the life sciences business side of online sentiment analyzer Behavior Matrix (Blue Bell). Hudl, by the way, stands for "Healthcare Unified Digital Lifeline."

New York-based Smartling acquired New York-based VerbalizeIt to "expand its multimedia translation capabilities." VerbalizeIt was founded at Wharton, incubated at TechStars, and made an appearance on Shark Tank. Smartling CEO Jack Welde has a computer engineering degree fron Penn. First Round Capital has been an investor in Smartling since its first round. Terms weren't disclosed.

Smartling has raised over $60 million in VC funding.

Conshohocken-based LoanStar, who's President, Craig Haynes, is a TD Bank veteran, is offering a platform which enables banks to expand merchant lending progams, which have suffered since the bank crisis. LoanStar provides a mobile app which merchants can use onsite at the point of sale to seek approval.

Doylestown-based BioClinica may seek sale (Report)

Tom Paine

 Subscribe in a reader

Doylestown-based BioClinica's private equity owner is exploring a sale, according to sources cited by Reuters.

BioClinica's eHealth unit is located in

The clinical trial management services supplier, which was taken private in 2013 by JLL Partners for $123 million, could be valued at as much as $1.3 billion, the sources suggested to Reuters. It has apparently hired investment bank Jefferies LLC to run an auction.

Since going private, BioClinica has made several acquisitions, the most recent being its January acquisition of clinical trial payments specialist Clinverse, which was backed by Edison Partners. BioClinica is reported to have EBITDA (earnings before interest, taxes, depreciation and amortization ) in the $100 million range.

BioClinica was founded in 1990 as Bio-Imaging Technologies and has over 1200 employees, according to its website.

While several firms in the Philly area have one or more of the tools needed for clinical trials, the key to BioClinica's strategy has been to intregrate several of them.

Links 5/27: Latest on Fidelity's eMoney Advisor, Monetate, Dell Boomi

 Subscribe in a reader
Subscribe to Philadelphia Tech News by Email

eMoney Experiencing ‘Explosive’ Growth (Think Advisor)

Fidelity’s Big Bet Unveiled (Financial Advisor)

Apple Proposed Buying Time Warner, May Consider Netflix (Fortune)

Salesforce Partners Surprised By Fast-Moving AWS Relationship, But See Synergies Between The Cloud Vendors (CRN)

Monetate rebuilds (

SAP Partners See Opportunities, Challenges In New HANA Releases (CRN)

Dell Boomi Revamps Online Community for iPaaS, MDM and API Management (Integration Developer News)

Verizon Strike Appears Over; Workers Expected Back Next Week (Investor's Business Daily)

Links 5/26: Google beats Oracle in court; Veeva Systems beating Oracle in another way

 Subscribe in a reader
Subscribe to Philadelphia Tech News by Email

Google Prevails in Copyright Fight Against Oracle (Fortune)

John Bogle says extend 'clients first' fiduciary rule to all investors (MarketWatch)

SAP's Grand Plan to Lead the Digital World (CMS Wire)

Hershey CEO Aims for Greater Transparency and Consumer Trust with SAP S/4HANA, Analytics (ASUG News)

Whitman deletes another chapter in HP history as CSC and ES borg (The Register)

Oracle Rival Veeva Systems Beats Estimates, Lifts Guidance (Investor's Busimss Daily)

Veeva Surges 12% on FYQ1 Beat, Higher Q2 View; Raises Year View
(Barron's Tech Trader Daily)

Salesforce Connections – Oh, the places you (could) go… (Diginomica)

Google goes after Microsoft, Tableau, and others with a new free analytics tool (PCWorld)

Michael Wolff: Why Fat Is the New Skinny (TV Bundle) (Hollywood Reporter)

Comcast promises better service, adding Wi-Fi hotspots in Twin Cities (Minneapolis Star Tribune)

Links 5/25: Salesforce names AWS ‘preferred’ public cloud provider; Universal Orlando slowly gaining on Disney World

 Subscribe in a reader
Subscribe to Philadelphia Tech News by Email

Venmo Likely Investigated Over User Privacy Violations (Fortune)

Comcast limits data cap overage fees to $200 a month (Ars Technica)

Cable Is Eyeing Its Retail Options (Light Resding)
Nsmely, Comcsst & Arris.

Universal Orlando Keeps Closing In on Disney World (Motley Fool)

Logistics Industry Consolidation Mounts: What It Means (Constellation Research)
Two area logistics firms, BDP International of Philly and Pilot Freight of Lima, Delco, are considering selling all or part of themselves, the WSJ reports. Constellation Research analyzes industry trends toward consolidation.

Supply Chain Operating Networks are Finally Beginning to Emerge (Logistics Viewpoints)

SAP & PrimeRevenue Partnership — Interview with PJ Bain, CEO of PrimeRevenue (Spend Matters)

Salesforce chooses AWS as ‘preferred’ public cloud provider, will run Sales Cloud on it (VentureBeat)

Salesforce to Use AWS and Own Data Centers in Expansion Push (Data Center Knowledge)

Universal Display: Needham Ups Target to $69 on Expected Industry Acceleration (Barron's Tech Trader Daily)

eero inks $50 million funding deal with Menlo’s Opportunity Fund, plans to sell products at Best Buy (TechCrunch)
First Round Capital led eero's seed financing.

Links 5/24: HP Enterprise's services unit to be merged with CSC: Ben Franklin Technology Partners invests $2.5M in 14 Phila-area firm

 Subscribe in a reader
Subscribe to Philadelphia Tech News by Email

HP Enterprise to Merge Services Unit With Computer Sciences (Bloomberg)

Hewlett Packard Enterprise surges on move to merge services unit with CSC (MarketWatch)

SAP Shows How Businesses Are 'Live' in the Digital Economy (Ad Age)
Kicks off new campaign.

SuccessFactors President Mike Ettling on S/4HANA Public Cloud, the Intersection of Financials and HR (ASUG News)

Toyota is establishing a 'strategic partnership' with Uber, which is a really big deal (The Verge)

Comcast: Set-Top Box Proposal Fails On All Counts (Multichannel News)

Comcast's AudienceXpress Tests Demand-Side Interface, Gives Agencies Direct Access (MediaPost)

Charter explains why it doesn’t compete against other cable companies (Ars Technica)

Verizon CEO: Go90 ‘Over-Hyped,’ But ‘Expectations Are Realistic (Investor's Business Daily)

Ben Franklin Technology Partners spreads $2.5M to 14 Phila-area firms ( Philly Desls)

Comcast faces antitrust lawsuit over cable ad sales

Tom Paine

 Subscribe in a reader

In news that broke late today, Comcast is facing an antitrust lawsuit alleging that it is trying to monopolize cable advertising within distinct geographic markets.

In s suit filed in Illinois Monday, Viamedia claims that Comcast has gained control of local cooperatives which serve large cable networks and blocks Viamedia and its clients from participating in large markets such as Detroit and Chicago.

This comes as the Justice Departmemt is already investigating Comcast's behavior in the spot advertising market.

Comcast issued a statement citing the competitiveness of the advertising market.

Links 5/23: Hulu's value; Universal Display would benefit from OLED in iPhones

 Subscribe in a reader
Subscribe to Philadelphia Tech News by Email

Hulu Now Worth $25 Billion, up From $15 Billion, Analyst Says (Hollywood Reporter)

NBC Sports jumps into the livestream game just in time for the Olympics (Mashable)

NBC Sports enters video streaming business with Playmaker(Sports Business Daily)

Comcast CEO: We're keeping options open to compete in wireless (CNBC)

Universal Display Surges 8%: Apple iPhone To Boost Earnings Next Year, Says Goldman (Barron's Tech Trader Daily)

Apple’s Suppliers Gear Up to Bring New Screens to 2017 iPhone (Bloomberg)

The Oracle-Google Case Will Decide the Future of Software (Wired)

Host Analytics – on the growth train (Diginomica)
Partners with Qlik.

Veeva launches product-specific cloud-based data management system (OutSourcing Pharma)

NetSuite and the Year of the Vertical Cloud ( Vinnie Mirchandani/ Enterprise Irregulars)

Can the Billy Penn model for local news work beyond Philadelphia? We’re about to find out. (Poynter)

Philly Tech People News 5/21/2016: EY names area finalists for EY Entrepreneur Of The Year; JetPay founder Shah steps down as CEO

Subscribe to Philly Tech People News by Email

Sridhar Solur Joins Comcast Cable as Senior Vice President, Xfinity Home and IoT Products
The key thing to note is that Comcast went outside for this important hire, who came from HP.

EY announces Finalists for the EY Entrepreneur Of The Year® 2016 in Greater Philadelphia

Former Oracle [Health Sciences] CTO Joe Alea Joins Clinical Ink as Chief Technical Officer

AT&T Names New Vice President And General Manager In The Liberty States

JetPay hires new CEO (Allentown Morning Call)
Founder Bipin Shah (famous for his role in creating the MAC ATM money acess system) steps aside as CEO, remains chairman.

Radian CEO S.A. Ibrahim to Retire in December 2017
Ibrahim saw Radian through the housing mortgage crisis. Radian's problems, which emerged in 2007, were a precursor of the subprime mess and the recession that followed.

PrimePay Announces Executive Leadership Promotions Designed to Meet Key Objectives for Sales Year 2017