Links 10/31/2014: FCC said close to reclassifying ISPs as common carriers; EPAM makes acquisition

Veeva Systems Flies High On Cloud For Life Sciences (Investors' Business Daily)
Good read on Veeva and Delaware County native, co-founder and president Matt Wallach, who is still based in Radnor, on his role in building business.

Marc Benioff tethers Salesforce cloud to Blighty
First European data centre spotted off west London
(The Register)
I'm sure that Veeva, with its large number of European customers using its CRM built on Salesforce1, welcomes this, with European concerns over US data security practices.

FCC reportedly close to reclassifying ISPs as common carriers (Ars Technica)

Comcast Looms In TWC Dodger Sports Carriage Fracas (Investors' Business Daily)

CSN Houston ruling clears way for new network, but Comcast appeals decision (Houston Chronicle)

Monetate announced a round of layoffs yesterday ( Philly)

EPAM Acquires Great Fridays, Expands Product and Service Capabilities
(EPAM Release)

Technology Outsourcer Epam Systems Knows The Big Deal (Investors' Business Daily)

We have some big news to share! DataMarket has been acquired by Qlik. (Qlik Blog)

SORRELL: WPP's $25 Million Stake In AppNexus Leaves Publicis And Omnicom With 'Nowhere To Go' (Business Insider)

InterDigital Third Quarter 2014 Financial Results Driven by 57% Increase in Recurring Revenue (Globe Newswire)

The Power of Community Comes to Life at SAP’s TechEd (Enterprise Irregulars)

Stewart Butterfield explains why Slack is now worth more than $1 billion (Fortune Tech)

Links 10/30/2014: LiquidHub acquires digital marketing agency Foundry9; Uber urges Philly to follow DC model

 Subscribe in a reader
Subscribe to Philadelphia Tech News by Email

SAP's Bill McDermott provides a CEO's plan to defy disruption (Fortune)

Forrester Shows Little Love for SAP, Marketo in Marketing Wave (CMS Wire)

Concur CEO says SAP acquisition is a ‘big bet’ that will accelerate company growth (GeekWire)
How many times have you heard this before an acquisition?
"Singh said that the tie-up between SAP and Concur won’t be a typical acquisition deal. He emphatically stressed that his company won’t disappear as a result of the acquisition closing. Instead, Concur’s partnership with SAP will provide tools and funding to expand the business."

Security Is Focus in SAP's Government Cloud Portfolio (CIO Today)

LiquidHub Acquires Digital Marketing Agency Foundry9
(Business Wire)

Uber exec Plouffe urges Philadelphia to model D.C.'s laws (Philadelphia Inquirer)

Time Warner Cable Misses Estimates on Drop in TV Users (Bloomberg)

Arris Beats The Street In Q3 (Multichannel News)
Arris acquired the Horsham-based business formerly known as Motorola Home from Google last year.

Study: Comcast and Verizon connections to Cogent dropped below 0.5Mbps (Ars Technica)

Verizon Ventures Seeks To Double Portfolio And Investment Capital (TechCrunch)

Execs From Apple Pay Competitor Finally Speak, but Big Questions Remain (Re/code)

Merger reflects growth in retail-store data analytics (Crain's New York)
First Round Capital-backed NOMi (New York) merges with Brickstream.

Blackstone’s Tac-Ops Adds Philadelphia Insurer in Blitzer’s Bet (Bloomberg)

ChargeItSpot: The Next Indispensable Retail Service? (Wharton Entrepreneurship Blog)

Social media management tool Buffer goes truly "open book"

Tom Paine

 Subscribe in a reader
Subscribe to Philadelphia Tech News by Email

I have sometimes complimented Safeguard Scientifics on the level of transparency it provides in its quarterly reporting. Though as a public company it is required to report more than a private VC or PE firm, Safeguard goes well beyond what's minimally required.

But one startup is taking transparency a step further. San Francisco-based Buffer, a social media management tool, just says it closed on a $3.5 million round at a $56.5 million pre-money valuation, and it laid out in plain sight on the web its term sheet, financials, and just about every little metric about the company you would ever want to know. Even every employee's salary.

Now its trying to raise more: "Update: We closed a first syndicate on AngelList today, October 27th. We have opened a new one with VegasTechFund now here."

Garfield Group adds eight new clients; broadens geographical footprint

Tom Paine

 Subscribe in a reader
Subscribe to Philadelphia Tech News by Email

This past spring, Newtown-based Garfield Group, one of the leading tech PR/marketing communications firms in the Philadelphia area, announced a rebranding and repositioning initiative. Goals were to build its digital, content and creative capabilities and become a more fully integrated marketing services firm, establish new ties to the tech startup scene, and broaden its regional footprint.

Recently, Garfield demonstrated progress towards these goals by announcing the addition of eight new clients over the past six months. Four of the firms are local, two are in the Chicago area, one is in San Francisco and one is in Atlanta.

A prominent local tech addition is Conshohocken-based NextDocs, whose enterprise-scale eTMF, regulatory and quality solutions automate workflow and document management to speed FDA submission, automating compliance to improve efficiency while reducing costs. The end goal is to get needed new medicines to market faster. NextDocs has substantial venture backing from OpenView Venture Partners.

Peak Equity Partners, Radnor, is a newly formed private equity firm focused on buyouts and recapitalizations of enterprise software and solutions companies. Its co-founders, Greg Case and Paul Winn, were previously responsible for much of LLR Partners' tech investing.

Turnberry Solutions of Blue Bell is an IT staffing and consulting firm; its practice areas include the latest cloud, collaboration, and information security technologies. Bethelehem-based FamilyWize is a community service partnership focused on lowering the cost of prescription drugs, through a discount prescription card.

The other four are:

Chicago Community Loan Fund (CCLF) Chicago

Trulify San Francisco

Navman Wireless Glenview, Illinois

iMedX Atlanta

“We’re excited to have the opportunity to work with these dynamic companies,” said Larry Garfield, president and founder of Garfield Group, in a statement. “These are organizations run by people who are disrupting the status quo in a number of very interesting ways. They present the kinds of challenges we live for — the chance to tell stories that can change the dynamics of an entire industry, and truly make a difference in peoples’ lives.”

Links 10/27/2014: Salesforce entering healthcare biz; SAP expanding data center in Newtown Square

 Subscribe in a reader
Subscribe to Philadelphia Tech News by Email

Salesforce to make big push into healthcare industry (Reuters via Daily Mail Online)
Salesforce and Accenture already announced this "connected physician solution" at Dreamforce 2014.

Adobe emerges as marketing cloud leader, beating out Salesforce, Oracle, IBM and more (VentureBeat)
According to a Forrester report.

SAP's new $2 million grant means 375 local jobs (Philadelphia Business Journal)
Newtown Square data center "will become North America's "premier location for supporting cloud growth and other SAP HANA related business."

Battle of the CEOs: Oracle & SAP in personal showdown (Yahoo News)

SAP: U.S. Federal Secure Cloud Offering Coming Soon (Talkin' Cloud)

Xand Acquisition Gives TierPoint Instant National Player Status
(Data Center Knowledge)

Five Reasons Why Critics of Comcast’s Time Warner Cable Deal Are Feeling Hopeful (Re/code)

Comcast Goes For ‘True Gig’ Trademark (Multichannel News)
But where's the Gig service?

FTC/DOJ OK with Liberty Broadband Spinoff (Multichannel News)

ExecOnline Raises $5 Million Series A Financing to Expand Its Global Offerings, led by Osage Venture Partners (PR Newswire)

At Drexel, a new school for entrepreneurs (Philadelphia Inquirer)

Philly Tech People News 10/26/2014: Comcast adds top Washington lobbyist to DC team

Subscribe to Philly Tech People News by Email

Comcast boosts lobbying effort with Washington hire
(Philadelphia Inquirer)

CardConnect Hires Chief Revenue Officer (CardConnect)

Richard Daukant Joins Return on Intelligence as Senior Vice President and General Manager, Financial Services
(PR Web)

Delphic Digital hires two-time Sitecore MVP Jamie Stump (PR Web)

Phlexglobal Announces Key Industry Appointment (Business Wire)

Sunday Highlights 10/26/2014: Consumerist guy, Comcast critic, lives in Philly; PPA cracks down on UberX

Watchdog in S. Phila. doesn't shrink from Comcast
(Philadelphia Inquirer)
Didn't know the Consumerist guy lived in Philly.

Aereo barred from retransmitting broadcast TV (CNET)

PPA Impounds UberX Vehicles in Undercover Sting Operation (Philadelphia

CurrentC Is The Big Retailers’ Clunky Attempt To Kill Apple Pay And Credit Card Fees (TechCrunch)

Wilmington startup develops web app for meetings (Wilmington News Journal)

Why is Salesforce so expensive? (Computing)

Dollar Shave Club, whose co-founder/CEO is from Lower Merion and a fantastic actor, has now raised total of $73 million

Tom Paine

 Subscribe in a reader
Subscribe to Philadelphia Tech News by Email

Dollar Shave Club, the monthly razor (and related products) delivery subscription service for men based in Los Angeles, said in late September it had exceeded 1 million members, and that it would triple its revenue to at least $60 million this year, the LA Business Journal reported. It also received another $50 million in venture funding, bringing the company's total amount raised to about $73 million.

Dollar Shave Club's co-founder and CEO is Michael Dubin, 35, who grew up in Lower Merion. He attended Emory and worked in New York before heading west. Dollar Shave Club, founded in 2012, was launched out of Santa Monica's Science incubator.

It is interesting to see some of the established, big money firms line up behind Dollar Shave Club, such as Venrock, Battery Ventures, TCV, and even Comcast Ventures. They must see something very disruptive going on. But there is serious competition among startups. One is Harry's, founded by Warby Parker co-founder Jeffrey Raider. It has already raised well over $100 million and bought a razor factory in Germany.

I checked to see if First Round Capital had invested early in either of these startups, but as far as I can tell it hasn't. I thought it might have been Josh Kopelman's type of business, as he loves subscription services that need to be refilled once month, and game- changing strategies that turn industries upside down in terms of convenience and price. Also, he had the connection to Raider from Warby Parker, and Dubin, with his flair for promotion, might be his kind of entrepreneur. But my biggest concern in investing big money in this business would be the (lack of) barriers to entry, or that Gilette or the smaller established brands would eventually put their feet down to crush them by establishing an off-brand product and selling it direct. I think of CDNow (though not a perfect analogy).

Update: Gillette has come out with a subscription productintended to compete with Dollar Shave Club. In fact it advertised it during the World Series.

Anyway, it will be interesting to watch.

Here is the fantastic viral video with which the company launched in 2012. "Mike" is actually CEO Mike Dubin, who spent time as an improv actor.

CVS Stores Reportedly Disabling NFC to Shut Down Apple Pay and Google Wallet (MacRumors)

CSN Houston Faces Closing Chap. 11 Arguments on Oct. 28
(Multichannel News)