Philly suburbs poised for big job growth (Philadelphia Inquirer)

22 charts that show the incredible growth of Amazon Prime (Business Insider)

Keith Block talks life at Salesforce and being a Boston sports fan in San Francisco
(TechCrunch)

Gunning for Google, Comcast Preps Gigabit Internet That Works With Regular Cable (Wired)


LINKS 4/30: SAP's new CIO is only 31; Bloomberg knocks some consumer subscription services for lack of transparency



 Subscribe in a reader
Subscribe to Philadelphia Tech News by Email




The Future of Shopping:
Trapping You in a Club You Didn't Know You Joined
(Bloomberg)
A knock on some consumer subscription services, including those of two First Round Capital portfolio companies.

Most of Yahoo’s shortlisted bidders reportedly offering cash deals
(VentureBeat)
Liberty Media said to be on short list, though I'm not sure its made a bid yet.

SAP Taps Thomas Saueressig to Succeed Helen Arnold as CIO (WSJ: CIO
Journal)
SAP's new CIO is all of 31 years old.

Why image recognition is about to transform business (TechCrunch)



1


Rovi, with significant Philly area presence and roots, buys TiVo


Tom Paine



 Subscribe in a reader




Rovi, which yesterday announced it was acquiring TiVo for $1.1 billion, is based in San Carlos, CA, but has a strong Philly connection.

Of some 1000+ US employees, about 200 are located in the Philly area, according to Rovi's LinkedIn page .

Presumably, most are based in Rovi's location on East Swedesford Rd in Wayne, in view of Route 202.



What exactly Rovi does in Wayne, as opposed to its other locations, at this time is not entirely clear.

Much of Rovi's presence here can be traced to its (when it was called Macrovision) acquisition of Gemstar-TV Guide International in 2008. Gemstar-TV Guide was a 1999 combination of Radnor-based TV Guide (which Rupert Murdoch's News Corp bought as part its acquisition of Walter Annenberg's Triangle Publications for $3 billion in 1988) and Gemstar, and aimed to dominate not only the market for TV schedule listings but also the codes used to record programs to DVRs.

However, Gemstar-TV Guide shrunk in value in the circa-2000 tech crash and never really recovered. Gemstar's market capitalization fell from a high of $20 billion in 2000 to a low of little more than $1 billion in 2005.

Comcast and Gemstar-TV Guide International formed a joint venture in 2004, GuideWorks, LLC, to create and market interactive program guides for digital cable television, with Comcast owning a majority stake in the venture.

Rovi pulled out of the Guideworks joint venture in 2010.

Rovi, much like TiVo, exerts considerable effort protecting and gently reminding others of its presumed patent rights. In early April, Rovi filed suit against Comcast and its set-top suppliers, claiming they were infringing upon 14 of Rovi’s U.S. patents that deliver features such as remote recording, its AnyRoom DVR (multi-room) capabilities, and search for its X1 platform.


                                  Tom Carson
                                     Rovi President & CEO

John Burke, EVP & COO, appears to be Rovi's top ranking officer based out of Wayne. He
is a former top Motorola Home (now Arris) executive. Rovi President & CEO Tom Carson is a Villanova grad.

The combined company would take the TiVo name.



Links 4/29: Rovi to buy TiVo for $1.1 billion; PayPal Says Federal Trade Commission Investigating Venmo



 Subscribe in a reader
Subscribe to Philadelphia Tech News by Email



PayPal Says Federal Trade Commission Investigating Venmo (Bloomberg)

5 Lessons Venmo's Co-Founder Learned While Building a Twice-Acquired Company (Entrepreneur)

Rovi to buy DVR maker TiVo for $1.1 billion (Reuters)

TiVo is Dead. Long Live TiVo! (Zatz Not Funny)

Rovi Could Owe TiVo $36.6M if Deal Crumbles (Multichannel News)

Rovi Corporation Reports First Quarter 2016 Financial Results (Rovi)


Universal Pictures chief on Comcast's DreamWorks purchase: 'Movie business was everything they didn't like' (FierceCable)

EMC World: Sources Say EMC Will Target AWS S3 With New Easy Storage Connectivity To Virtustream (CRN)
A few months back, a prominent analyst basically zeroed out Virtustream's value to the 'EMC Federation.'

Ask Alexa what's playing on SyFy (Engadget)
SyFy, sn NBCU network, connects with Alexa in a way. Curious, though, at another small
sign of cooperation between a Comcast-owned property and Amazon.


Links 4/28: Amazon Web Services Forges Ahead; Cloudamize Secures Additional $1 Million in Financing




 Subscribe in a reader
Subscribe to Philadelphia Tech News by Email



Amazon Web Services Forges Ahead Like There Is No Competition (Fortune)

Cloudamize Secures Additional $1 Million in Financing to Fuel Growth Strategy (PR Web)
MissionOG Leads Funding; Jonathan Palmer Named to Board of Directors

Amazon plans to 'significantly' increase investment in video as it goes to war with Netflix (Business Insider)

Google Gets Beaten to the Punch by AT&T on Super-Fast Broadband (Bloomberg)

SpaceX Wins US Air Force Contract For GPS III Launch (Defense News)

How the Comcast-DreamWorks deal came together so fast (LA Times)


Qlik Tech Said to Draw Bids From Thoma Bravo, Bain, Permira (Bloomberg)

Amazon Seeing ‘Momentous’ Change of Guard as Public Cloud ‘Booms,’ Says JP Morgan (Barron's Tech Trader Daily)

Qlik Announces Strong First Quarter 2016 Financial Results (Qlik Technologies)


Oracle acquires Textura for $663 million; Will combine products with those of Bala Cynwyd-founded Primavera


Tom Paine



 Subscribe in a reader


Oracle today announced the acquisition of Deerfield, IL-based Textura for $663 million. Textura provides cloud services for the engineering and construction industry.

Textura's products will be combined with Oracle's existing Primavera project-management suite - the result of a 2008 acquisition - in the Oracle Engineering and Construction Global Business Unit, Oracle said.

Primavera, founded by Joel Koppelman, was based in Bala Cynwyd and still has a significant presence there, although I'm not sure of its scope. I've got a call into Oracle to find out more. Primavera became a primary player in the Project Portfolio Management market for large construction and engineering projects. Koppelman, a Drexel and Penn grad, was also a thought leader in the Project Portfolio Management field. I don't recall anyone offering up the exact price that Oracle paid for Primavera, but my recollection says it was at least a couple of hundred million dollars in a down market.

Koppleman stayed on briefly following the acquisition by Oracle before leaving the software business.

Textura is a bit like SAP's Ariba, but for engineering and construction projects. Textura’s cloud  processes $3.4 billion in payments for more than 6,000 projects each month, Oracle said, and more than 85,000 contractors and subcontractors are connected to the platform.

Oracle says it plans to continue to invest in the engineering and construction industry.


Comcast to acquire DreamWorks Animation


Tom Paine



 Subscribe in a reader


NBCUNIVERSAL ANNOUNCES DREAMWORKS ANIMATION ACQUISITION
(Comcast)

How the Comcast-DreamWorks deal came together so fast (LA Times)




-DreamWorks Animation valued at about $3.8 billion.

-"Acquisition builds on NBCUniversal’s presence in family and animation space. DreamWorks Animation to become unit of Universal Filmed Entertainment."

-Illumination Entertainment (unit of NBCUniversal) founder Chris Meledandri to "help guide the growth of the DreamWorks Animation business in the future."

-Jeffrey Katzenberg will become Chairman of DreamWorks New Media, which will be comprised of the company’s ownership interests in Awesomeness TV and NOVA.

-Agreement has been approved by the boards of directors of DreamWorks Animation and Comcast, and the controlling shareholder of DreamWorks Animation has approved the agreement by written consent.

-Transaction is expected to close by the end of 2016.


Update: WSJ reports that Dreamworks Animation CEO Jeffrey Katzenberg will step down from the company if Comcast acquires it. Presumably, this gives more substantiation to the entire acquisition scenario.

Comcast is reportedly in talks to buy DreamWorks Animation, the Wall Street Journal reports.


The reported price, if a deal occurred, would be more than $3 billion, a premium over the studio's current market value of $2.35 billion.

DreamWorks, founded in 2004 as a new kind of studio, has had some major successes, but is often perceived as too small for a stand alone studio. Like a small driller, it suffers if it hits a few dry wells. Last year a series of less than successful releases forced the company to cut 500 jobs, close its studio in Northern California and make management changes.

For Comcast, the deal would expand its successful animation business, with major implications for its theme parks and international expansion.

But the LA Times cautions that there have been several prior discussions by others with DreamWorks that ended without results.

The Journal suggests a deal would make Comcast a more formidable challenger to Disney in family entertainment, bringing back memories of its failed attempt to acquire Disney in 2004. Comcast reports earnings tomorrow, but rarely comments on breaking news at that time.


Links 4/27: Digital Ad Spending Surges to Record High; Amazon to open 2 NJ warehouses




 Subscribe in a reader
Subscribe to Philadelphia Tech News by Email




Oracle Combines Marketing Apps, Data Services (Fortune)

Digital Ad Spending Surges to Record High as Mobile and Social Grow More Than 50% (Ad Age)

Amazon to open 2 new facilities, provide 2,000 new jobs in N.J. (NJ.com)

Vox Media Names First CFO, Adds Former Yahoo President to Board (Bloomberg)

Venmo is growing ridiculously fast (Re/code)






Comcast earnings: Good sub growth and other items of interest




 Subscribe in a reader
Subscribe to Philadelphia Tech News by Email




Comcast posts earnings of 84 cents a share vs. 79 cents estimate (Reuters via CNBC)

Here's Why Comcast Just Reported Strong Earnings (Fortune)

Smit: Comcast Hasn’t Seen an OTT Model ‘That Really Hunts’ (Multichannel News)

Comcast Rising on Q1 Beat; What Might Synergies Be with DreamWorks? Asks B Riley (Barron's Tech Trader Daily)

Comcast raises trial data caps to a terabyte but won't commit to nationwide rollout (PCWorld)


Comcast reported in acquisItion talks with DreamWorks (Update: WSJ reports Katzenberg would step aside)


Tom Paine



 Subscribe in a reader

Update: WSJ reports that Dreamworks Animation CEO Jeffrey Katzenberg will step down from the company if Comcast acquires it. Presumably, this gives more substantiation to the entire acquisition scenario.

Comcast is reportedly in talks to buy DreamWorks Animation, the Wall Street Journal reports.


The reported price, if a deal occurred, would be more than $3 billion, a premium over the studio's current market value of $2.35 billion.

DreamWorks, founded in 2004 as a new kind of studio, has had some major successes, but is often perceived as too small for a stand alone studio. Like a small driller, it suffers if it hits a few dry wells. Last year a series of less than successful releases forced the company to cut 500 jobs, close its studio in Northern California and make management changes.

For Comcast, the deal would expand its successful animation business, with major implications for its theme parks and international expansion.

But the LA Times cautions that there have been several prior discussions by others with DreamWorks that ended without results.

The Journal suggests a deal would make Comcast a more formidable challenger to Disney in family entertainment, bringing back memories of its failed attempt to acquire Disney in 2004. Comcast reports earnings tomorrow, but rarely comments on breaking news at that time.


Links 4/26: Alibaba’s financial spinoff now world’s most valuable private internet company; Comcast earnings out in morning




 Subscribe in a reader
Subscribe to Philadelphia Tech News by Email




Alibaba’s financial spinoff is now the world’s most valuable private internet company (Quartz)

Comcast Q1: NBCU Film Weak, TV Ads Gain; Theme Parks Strong (Investor's Business Daily)

Comcast-backed start-up NextVR uses NAB to show it can take pay-TV viewers to the game (Daniel Frankel/ FierceCable)

Comcast WiFis with Wawa (Multichannel News)
Comcast/Wawa WiFi deal, though sponsored through Comcast Business, probably first time its offered consumer-reaching service beyond its footprint.

Time Warner's Turner Appeals to Film Nerds With Web-Only Service (Bloomberg)

ServiceMax brings performance metrics to field service (Diginomica)

Zuora moves to the center (Denis Pombriant/Enterprise Irregulars)