The long, winding road for driverless cars (The Economist)
Reporter has the story straight, I think.

With Gianforte's win, two of Montana's three congressional reps have ties to Oracl's win, two of Montana's three congressional reps have ties to Oracle (CNBC)



5/26: Dell Technologies Standardizes on Salesforce.com; Montana politico may have N.J. building named after him



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Greg Gianforte, Montana politico in fracas, may have N.J. building named after him (NJ.com)

Arris: DOCSIS 3.1 Wave Rising (Multichannel News)

Brocade goes bye-bye: Out on a high note ahead of Broadcom slurp (The Register)
Arris' purchase of the Ruckus business, now part of Brocade, won't happen until after Broadcom's acquisition of Brocade closes.


WideOpenWest shares fail to wow in debut (Reuters)
Altice USA should be next cable IPO.

S/4HANA cloud customers emerge – a video review and analysis (Diginomica)

Dell Technologies Standardizes on Salesforce.com
(CIOToday)

Ice Miller expanding IP practice with Philadelphia office (TheIndianaLawyer)







Billtrust raises $50 million to expand payment cycle management solution



Billtrust raises $50 million to expand payment cycle management solution
Plans include global expansion and investments in expanded services for Quantum Payment Cycle Management


HAMILTON, N.J., May 25, 2017 /PRNewswire/ -- Billtrust, the leader in payment cycle management, announced today a $50 million funding round led by Riverwood Capital Management. Billtrust will use the investment to strategically grow into adjacent markets, continue to innovate the products and services available in their Quantum Payment Cycle Management solution and expand their global footprint.

Founded in 2001, Billtrust is the pioneer of payment cycle management, helping clients automate and accelerate their accounts receivable (AR) processes to increase cash flow, improve operational efficiency and increase customer satisfaction.

"Billtrust's mission is to not only accelerate, but to help clients grow cash flow," said Flint Lane, CEO and founder of Billtrust. "Our Quantum Payment Cycle Management solution is unique in the market because it seamlessly automates what is a traditionally labor intensive, manual process for AR teams. With this new investment, we will look for growth opportunities in current and adjacent markets, continue innovating our Quantum solution to meet expanding client needs, such as credit and collections support, and broaden our reach in international markets."

Since its inception, Billtrust has complemented its aggressive organic growth strategy with five acquisitions over the last six years. The company boasts the most comprehensive, end-to-end cloud-based billing and payment solution in the industry.

Quantum's features include:

Simple integration with any existing ERP system
Tailored invoice delivery for every customer
Secure, multi-channel invoice payment options
Intelligent cash application to eliminate manual invoice and payment matching
"Billtrust helps enterprises with a critical part of running their business: how they get paid. Their market-leading Quantum solution meets the needs of CFOs for a strategic, end-to-end solution that drives cash flow and cost savings through automation and improved efficiency," said Francisco Alvarez-Demalde, founding partner at Riverwood Capital Management. "We are excited to partner with Billtrust's entire team in creating an enduring leader in the B2B payment cycle management sector. We see a clear long term secular shift towards process automation software as a strong tailwind for Billtrust to continue delivering on its mission of improving outcomes for AR departments."

With this funding, Mr. Alvarez-Demalde will join the Billtrust board of directors.

Financial Technology Partners LP and FTP Securities LLC (together "FT Partners") served as exclusive strategic and financial advisor to Billtrust on this transaction.

About Billtrust: Billtrust accelerates cash flow by automating invoice delivery, invoice payment, and cash application. Companies can improve operational efficiency throughout the invoice-to-cash process with electronic invoicing and payments in a flexible, cloud-based solution. Finance executives and AR specialists love and recommend Quantum, Billtrust's payment cycle management solution, for the remarkable cost savings, ease-of-use, and improved customer satisfaction rates.

Related Links

http://www.billtrust.com



5/25: Veeva Up 4% on Fiscal Q1 Beat; RevZilla gets new CEO



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RevZilla gets new CEO (Philadelphia Business Journal)

IBD 50 Stock Veeva Surges On Consensus-Crushing Q1 (IBD)

Veeva Up 4% on Fiscal Q1: Approaching a Threshold of Scale (Barron's Tech Trader Daily)



Map: Emerging tech hubs and what they're specializing in (Marketplace)

Rackspace continues managed services pivot with TriCore acquisition (VentureBeat)
Based in Massachusetts, TriCore has an office in Berwyn.

How did an ex-Upper Merion football player end up allegedly ‘body slamming’ a reporter in Montana? (Philly.com)
Gianforte founded RightNow Technologies, which he sold to Oracle for a reported $1.5 billion.

Jeff Immelt Places Big Bets on GE’s Software Push (Fortune)

AT&T's DirecTV Now Online Service Said to See Growth Sputter (Ad Age)










Salesforce & Dell Technologies reach strategic agreement for cloud computing; Dell Boomi has key role (CNBC)



Osage Venture Partners Closes $90M Fund
Maintains Decade-Long Focus on Early-Stage East Coast Business-to-Business Software Investing (Press Release)



Osage Venture Partners Closes $90M Fund
Maintains Decade-Long Focus on Early-Stage East Coast Business-to-Business Software Investing


BALA CYNWYD, PA--(Marketwired - May 23, 2017) - Osage Venture Partners (OVP), today announced the closing of Osage Venture Partners IV, a $90 million fund focused on investing in early-stage, business-to-business (B2B) software companies on the East Coast. OVP IV represents the latest fund executing on OVP's decade-long strategy of backing exceptional East Coast entrepreneurs building leading B2B software companies that target large emerging or shifting markets.

"With OVP IV we advance our mission of finding and funding the highest quality startups on the East Coast", said OVP managing partner, Nate Lentz. "Innovation in the U.S. is no longer constrained to a small handful of U.S. markets, and our investment strategy focuses on established and emerging technology hubs including Philadelphia, New York, Boston, Washington D.C. / Northern Virginia, Raleigh-Durham, and Atlanta, among others. OVP III made investments in each of these markets and OVP IV's portfolio will reflect an increased focus on opportunities in 'Rise of the Rest' cities."

OVP IV represents a meaningful increase in commitments over OVP III, a $66 million fund, allowing more flexibility with the size of initial and follow-on investments. Since the first closing, OVP IV has completed five platform investments including Phone2Action, Noodle Partners, and Galactic Fog, with two recent investments to be announced shortly.

"We are grateful for the support that our many returning investors and new limited partners have shown for our strategy and our team," commented Bob Adelson, managing partner at Osage Venture Partners. "We also fully recognize that the lion's share of our success at OVP has been driven by dozens of outstanding entrepreneurs who have since become brand ambassadors for our fund. These relationships are critical to our continued success."

The investing team of Bob Adelson, Nate Lentz, David Drahms, and Sean Dowling has been together since the start of OVP III and will continue to expand as OVP IV is deployed. Osage Venture Partners is part of a family of investment funds within Osage Partners, which is based just outside Philadelphia, PA and manages in excess of $500 million.

About Osage Venture Partners
Osage Venture Partners (OVP) invests in early stage, business-to-business (B2B) software companies on the East Coast from its offices just outside of Philadelphia, PA. With over $150 million under management, OVP seeks to invest in determined and creative entrepreneurs and provide them with the capital and support required to build high-growth, market-leading businesses. For more information, visit osagepartners.com.



5/22: Rimini Street merger takes company public to fuel future growth; Company behind disastrous Fyre Festival claimed to be worth $90 million, as details emerge in court



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Rimini Street merger takes company public to fuel future growth (Inside SAP)

Supreme Court Messes With Texas ‘Patent Troll’ Hotbed in Win for Tech Industry (Fortune)
SAP has been dragged down to east Texas, among many others.

Francisco Said to Target More Than $3 Billion for Tech Buyouts (Bloomberg)



Company behind disastrous Fyre Festival claimed to be worth $90 million, as details emerge in court (Bloomberg via Chicago Tribune)

Comcast CFO Touts New Universal Studios Theme Park in Beijing (Hollywood Reporter)

T-Mobile: 'Capital Structure' Would Be Key In Sprint Merger (IBD)

Verizon CEO: Combined Yahoo-AOL Will Be Platform to Test Over-the-Top Video Service (Variety)
Didn't know AOL bought Yahoo! for an OTT platform.


Dish App Streams Live TV, VOD to Amazon’s Fire TV (Multichannel News)

TPG to Buy Wave Broadband for $2.36B
(Multichannel News)
TPG also owns Princeton-based RCN.





Weekend Highlights; Cloud Computing Wins Preakness Stakes, Techies Stoked; Pittsburgh Welcomed Uber’s Driverless Car Experiment. Not Anymore



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Cloud Computing Wins Preakness Stakes, and Techies Are Stoked
(Fortune)

FCC won't publish evidence of alleged DDoS attack, amid net neutrality battle (ZDNet)


EMR change cited as one of the reasons IBM Watson and MD Anderson collaboration failed (iMedicalApps)

Pittsburgh Welcomed Uber’s Driverless Car Experiment. Not Anymore. (NY Times)


Walmart’s U.S. Online Sales Rise 63% (Fortune)

Salesforce sails into record territory, and analysts see calm waters ahead (Marketwatch)

2017 Healthcare Prognosis (Venrock)
Will Epic start making acquisitions? Would people rather bet on Flatiron, Clover or Oscar?

Cloud-services company's [EvolveIP} Upper Macungie office could grow after acquisition of Arizona firm (Morning Call)


U.S. Startups Fail to Attract Crowd of Small Investors (Bloomberg)

Huntsman Is Said to Be Close to Merger With Clariant (NY Times: DealBook)