Cross Atlantic Capital Partners of Radnor led a $6.1 million round of financing for King of Prussia's Health Market Science, a provider of healthcare marketing information services.
Edison Venture Fund of Lawrenceville NJ also participated with a $1.4 million follow-on investment, bringing its total capital invested in the company to $18.5 million, according to Edison.
As I noted earlier this week, HMS appeared to have a large number of open positions for which it was recruiting (see their "Careers" page). Health Market Science had revenue of $25.5 million in 2008, according to Inc. Magazine.
at 1:54 PM
SAP Completes Acquisition of Sybase, Inc. (PR Newswire)
Computer with patient data stolen from Jefferson (Philadelphia Inquirer)
Quality Systems Reports Fiscal 2011 First Quarter Results (Business Wire)
Quality Systems' primary business unit is NextGen Healthcare of Horsham.
Dish to File Comcast Complaint for Blocking Sports (Bloomberg Business Week)
Complaint over access to Comcast SportsNet Philadelphia.
Retail tru2way devices are officially DOA, even Panasonic stops trial
Appearance: PPUG meets tomorrow in Philadelphia (ZDNet Blogs)
Enterprise License Agreement Extends GIS Success for City of Philadelphia (ESRI Press Release via GISUser.com)
at 9:14 AM
Comcast Discussing Philly RSN Carriage With Dish, DirecTV: Sources (Multichannel News)
Comcast Flashes Cash at Biz Services, SDV (Light Reading Cable)
Comcast To Customer: Pay Us $0.00 Or We'll Cancel Your Service (Gizmodo)
SCVNGR Launches Sophisticated Rewards Program (Mashable)
Program to launch first in Boston and Philly.
Even SAP is using more open source
SAP signs on for Black Duck Suite, a tool that manages use of open source software (Network World)
Where Do You Buy Your Broadband? (Zatz Not Funny!)
Best Buy to become reseller of Clearwire WiMAX service under the brand name "Best Buy Connect".
Checkpoint Systems, Inc. Announces Second Quarter 2010 Results (Business Wire)
ICG Announces Second Quarter 2010 Financial Results
ICG Achieves Core Consolidated Aggregate Revenue Growth of 25%
Company to Receive $25.4 Million Cash Dividend from ICG Commerce (Globe Newswire)
Safeguard Scientifics Announces Second Quarter 2010 Financial Results
2010 Aggregate Partner Company Revenue Guidance Increased, Expected to be between $325 Million and $350 Million (Business Wire)
Motorola's Second-Quarter Profit Tops Estimates on Droid Sales (Bloomberg)
Motorola Expects Home Segment Sales To Fall 7% In 2010
Cable-Centric Unit's Revenue Declined 13% In Q2 (Multichannel News)
CDI Corp. Reports Second Quarter 2010 Results and Announces Dividend (PR Newswire)
Innovative Solutions & Support, Inc. Announces Fiscal 2010 Third Quarter Financial Results (Business Wire)
Dataram Reports Fiscal 2010 Fourth Quarter Financial Results (Business Wire)
2nd Lower Merion student sues over 'spycam' (Philadelphia Daily News)
GSI Commerce Reports Fiscal 2010 Second Quarter Operating Results (Business Wire)
GSI Commerce Shrs Off; Q2 Loss Wider Than Anticipated (Barron's: Tech Trader Daily)
CardioNet, Inc. Reports Second Quarter 2010 Financial Results (Business Wire)
InterDigital Announces Second Quarter 2010 Financial Results
Expansion of Customer Relationships Drives Strong Revenue Growth and Profitability (Business Wire)
SAP co-CEO Bill McDermott gives his mid-year review (SearchSAP.com)
Augment Reality for the Enterprise - SAP Employee Unveils Prototype
ING DIRECT USA LAUNCHES ENHANCED MOBILE APPLICATION (PR Newswire)
Using Philly's Poptent to help promote it.
Federal Reserve Board Beige Book: Third District-Philadelphia, July 28, 2010 (Federal Reserve Board)
FIELD: RADIO GROWTH WILL PICK UP (Radio Ink)
On Entercom's earnings report.
Comcast Profit, Revenue Top Estimates on Premium-Product Sales (Bloomberg)
But profit falls 9% on NBC Universal expenses.
Moffett on Comcast 2Q: Sunny with Chance of Regulatory Clouds
Says NBCU deal conditions will affect future cash flow (Broadcasting & Cable)
Comcast’s Burke: ‘With NBC, Our Ad Business Will Be Worth $10 Billion’ (paidContent)
A look at Comcast 2Q results by business segment (AP via Google News)
Comcast Corporation Q2 2010 Earnings Call Transcript (Seeking Alpha)
at 8:48 AM
Apple to Open First Retail Store in Philadelphia (on Friday)
Lockheed surfs Pentagon changes; 2Q net up 12 pct (AP
via Google News)
Unisys Soars As Q2 Results Crush Street Rev, Profit Estimates
(Barron's: Tech Trader Daily)
Unisys income triples on sale of health-information unit (Philadelphia Business Journal)
Unisys to Offer Mainframe Cloud Services (PC World)
Ametek Q2 results beats Street, sees strong FY10 (Reuters)
New ISP rank and cost data from Ookla, Comcast on top (Seattle Times)
Comcast's Target: 105-Meg D3 Downstream (Light Reading Cable)
UnitedHealth Said Near $1.5 Billion Purchase of Services Firm (Bloomberg)
Would acquire Newtown Square-based Executive Health Resources Inc.
Harleysville CIO Akhil Tripathi Resigns
Sources say Tripathi left the company for personal reasons. (Insurance & Technology)
SAP Second-Quarter Profit Rises 15%, Missing Estimates (Bloomberg)
Software revenue up 64 percent in the Americas, up 11 percent in Asia, but down 9 percent in Europe, the Middle East and Africa.
SAP reports healthier Q2 2010 (ZDNet Blogs)
SAP Reports Revenue Up 12 Percent, Earnings Up 15 Percent (IDG via New York Times)
SAP Completes Tender Offer for Shares of Sybase, Inc. (PR Newswire)
Bayer Implements Global IT Strategy With SAP (PR Newswire)
SaaS Market Grows Spectacularly to the Detriment of the IT Kings (ReadWrite Cloud)
at 7:58 AM
Enterprise Software Is Sexy Again (TechCrunch)
Clicking on T-Commerce
Comcast to Deploy Shopping Channel QVC’s New EBIF App (Multichannel News)
Franken: Comcast-NBCU, Net Neutrality are 'First Amendment' Issues of Our Time (The Wrap)
Pace Makes $475M Move on 2Wire (Light Reading Cable)
Dechert Must Pay Taxes for Canned Computer Software (The Legal Intelligencer via Law.com)
I'm not sure whether this Pa. Supreme Court ruling leaves a gray area as to whether SaaS or cloud computing services would be taxable.
Start-Ups Look To Disrupt Stodgy PC Management Space (Wall Street
Journal: Venture Capital Dispatch)
Fiberlink Communications of Blue Bell is one of the companies discussed.
Kenexa Announces Acquisition of The Centre for High Performance Development (Business Wire)
Sabre founder to speak about success at BDPA conference (Philadelphia Inquirer)
at 9:07 AM
Newgrounds, the Glenside-based Flash gaming site founded by Tom Kulp, with the goal of producing a video documentary titled "Everything, By Everyone", a site called Kokatu Australia reports. But he is going to need some funds to put the whole production together, so he has set up a KickStarter page where people can contribute. Right now he is about halfway to his $12,000 goal. Contributions of $100 or more will get you a personal tour of Newgrounds' offices.
Boomi, the Berwyn-based provider of cloud-based application integration systems, tweeted last week that they are looking to fill several new positions. Everyone in the business talks about how great Boomi is doing, but I haven't been able to find any information of how Boomi is actually doing in terms of metrics (such as revenue, growth or number of employees) although I am sure some industry analysts have a good idea. Boomi hasn't reported any additional venture capital infusions since an initial round of $4 million by FirstMark Capital in 2008. Competitor Cast Iron Systems was acquired by IBM in May.
Another company that appears to have several open positions is Health Market Science, the King of Prussia-based healthcare marketing information company.
Two upcoming events are of particular interest. The BDPA (Black Data Processing Associates), an organization founded in Philadelphia in 1975 by Earl A. Pace, Jr. and the late David Wimberly, will hold its National BDPA Technology Conference at the Philadelphia Downtown Marriot July 28 through July 31. And Tech cocktail, which hosts technology showcases in various US cities, is coming to Philadelphia for the first time. The event, to be held on the evening of August 12th at the Field House Sports Bar, will features companies in the DreamIt Ventures program as well as other local startups.
Applications to be Fellows for the initial year of Code for America, which will help Boulder, Philadelphia, Boston, Seattle and DC build Gov 2.0 apps, are due August 15, ReadWriteWeb reports. Fellows will spend most of their 11-month 2011 term in Code for America's home base of San Francisco and will spend one month in the city they are assigned to help. The program provides a stipend of $35,000, travel expenses and health benefits.
Alteva, the Philly-based provider of hosted VoIP and unified communications services, cites the the potential for significant energy savings and reduced carbon dioxide gas emissions from using hosted versus on-premise VoIP systems.
Collegeville-based mobile technology firm Movitas seems to have ramped up its online advertising since announcing a $3 million investment last week. I am seeing Movitas ads all over the place.
Geekadelphia reports that the Center City Apple store on Walnut Street now has an Apple logo, though it is still unclear when the store will be ready to open.
at 3:44 PM
Ad Council to Honor Comcast Chairman and CEO Brian L. Roberts with 57th Annual Public Service Award (PR Newswire)
SAP Taps North America Channel Chief For Higher Post (Channel Web)
SCTE Hires DOCSIS Developer To Be Its First CTO
Daniel Howard to Help Association Step Up Focus on IP Networking (Multichannel News)
Monetate Names Retailing and Marketing Thought Leader Kevin Ertell to Strategic Advisory Board (PR Newswire)
InvestorForce Bolsters Management Team in Support of Strong Growth (Business Wire)
iMANY Expands Executive Development Team
iMANY Appoints Three Executives to Development Team to Meet Growing Market Demand for Contract Performance (Marketwire)
Harleysville Insurance Names Two IT Execs (Insurance & Technology)
ICG Commerce Expands Executive Advisory Board With Former Unilever Executive and Appoints Industry Veteran to Lead Its Consumer Products Practice (Globe Newswire)
RES Software Continues to Strengthen Management Team with Appointment of Marc Zinnemers as Vice President of Finance EMEA (Business Wire)
at 11:14 AM
July 2010 issue should be of interest to anyyone in the Philly advertising, digital media or pharma/healthcare communities. This is MM & M's "Agency Issue", providing profiles of what it considers the top 75 advertising agencies in the business in terms of revenue. Philadelphia-area shops profiled include:
Cadient Group (King of Prussia)
CDM Princeton (Princeton)
Digitas Health (Philadelphia)
nitrogen-formerly Dorland (Philadelphia)
Razorfish Health (Philadelphia)
Rosetta Healthcare (Hamilton, NJ)
Roska Healthcare Advertising (Montgomeryville)
Saatchi & Saatchi Healthcare Innovations (Newtown)
Vox Medica (Philadelphia)
Others in the Top 75 with offices in the Philadelphia area include IMC2 Health & Wellness, evoke interaction, Eveo, and Blue Diesel.
Several others are in New York or further up the Jersey Turnpike.
The profiles give detailed information on each agency, including in some cases headcount, revenue, growth, account wins and losses, key new hires, and business mix (such as digital vs. non-digital). Some agencies prospered in 2009 while others did not do as well. While the overall economy and healthcare cost containment were factors, other industry-specific trends such as industry consolidation, shifts in category spending, salesforce cutbacks and an increasing emphasis on reaching both physicians and consumers through direct media were also important drivers. There appeared to be a growing use of social media, which Pharma has been slow to adopt to due to regulatory issues. Heavily digitally-oriented agencies probably tended to perform better than more traditional shops, several of which reported an emphasis on beefing up their digital capabilities. At the same time, some digital shops tried to add more full-service capabilities.
Cadient Group, which had been one of the faster growing companies in the area, reported a bit of a down year in 2009 with revenue declining 15%, mostly due to two customer roster consolidations and one merger, according to CEO Steven Wray, and it reduced staff by 30 people. However, Digitas Health reported 49% growth, althought its (independently managed) sister agency within the Publicis family Razorfish Health did not give specific figures for the year, perhaps because it was only broken out into a separate shop from the rest of Razorfish in March of this year. MediaBistro"s Agency Spy did report in April that Razorfish Health had "purged" its creative department. Publicis acquired Razorfish from Microsoft in August 2009.
Rosetta Marketing reported 10% growth overall and 33% in healthcare. Rosetta garners a good deal of M&A speculation, both as a possible acquirer and seller, given that it is one of the largest independent agencies out there with a strong digital heritage.
Blue Diesel is planning an expansion of its Newtown office, according to MM & M.
at 1:05 PM
Education inventors get boost under new programs (AP via Google News)
Verizon Beats Estimates on Demand for Droid Phones (Bloomberg)
FiOS Keeps Chugging Along
Verizon Posts Gains on TV, Broadband, Wireless (Multichannel News)
Oracle plans to double acquisition budget (Fortune)
Oracle Denies Report of $70 Billion in Planned Acquisitions
Oracle is distancing itself from comments reportedly made by its co-president, Charles Phillips, about the amount of money it intends to spend on future acquisitions (CIO.com)
The Return of Business ByDesign and the Future of the On-Demand ERP Market (Enterprise Matters)
Comcast's 'Project Infinity' Takes Flight (Light Reading Cable)
Police investigate link between Apple Store break-ins (Philadelphia Inquirer)
Honeywell Keeps On Smart Grid Shopping (earth2tech)
More on Honeywell's acquisition of Langhorne's E-Mon.
Comcast, GE: Character Assassins Shouldn't Shoot Down NBCU Deal
Parties Believe FCC Should 'Expeditiously' Approve The Union (Multichannel News)
Comcast’s NBC Purchase May Mean Selling Stations or Arbitration (Bloomberg Business Week)
New DirecTV chief looks beyond the fizz (LA Times)
QlikTech Announces Closing of Initial Public Offering of Common Stock and Exercise of Over-Allotment Option (Business Wire)
Sold full over-allotment of 1,680,000 shares in addition to initial offering of 11,200,000 shares.
SAP-Sybase: What to Expect in the First 90 Days (PC World)
Tyco Electronics posts quarterly profit (Reuters)
SEI Investments reports 2Q income growth (AP via Bloomberg Business Week)
DreamIt Aims To Accelerate New Business Development (Forbes)
SeatGeek Lands $1 Million for Predictive Ticket Pricing (Digital Media Wire)
NY-based graduate of DreamIt Ventures program.
SunGard Acquires Fox River Execution (PR Web)
Cobblestone | Harris Williams Advises E-Mon, LLC, in its Sale to Strategic Buyer Honeywell International (Business Wire)
E-Mon, which is based in Langhorne, manufactures smart energy submeter systems and integrated energy intelligence software.
Dow Electronic Materials Inaugurates New Facility to Serve Fast Growing OLED Market (Business Wire)
Mobile Technology Company Movitas Raises $3 Million for Travel Industry Focus (PR Newswire)
Mobile Technology Company Movitas Raises $3M, Goes After The Travel Industry (TechCrunchIT)
LoKast shares media between iPhones and Android phones (VentureBeat)
M&A exits abounded in 2Q (Philadelphia Business Journal)
Comcast Chases Big[ger] Business (Light Reading Cable)
Gartner calls for IT maintenance bill of rights (IDG via Bloomberg Business Week)
SAP Teams With Solution Provider For Health-Care Market Expansion (Channel Web)
arcplan's BI Integrated Planning Connector Extends Life of Companies' SAP BI-IP Investment (Marketwire)
Cross Atlantic Capital Partners Invests $2.8 Million in Interactions Corporation Series D Funding (Business Wire)
Ametek raises outlook for 2Q, year on order gains (AP via Yahoo Finance)
Venture Investor In Newly Public QlikTech Counsels Patience (Wall Street Journal: Venture Capital Dispatch)
A Tale of Two Innovators Going Public (Harvard Business Review via Bloomberg)
SAP, Sybase deal set to win EU OK this week-source (Reuters)
Update: Approval official.
Sybase Q2 beats Street view
M&A for Media, Marketing to Heat up in Second Half (Ad Age)
Discusses GSI Commerce and Rosetta Marketing.
Will Moto-NSN Deal Reopen the Set-Top Doors? (Light Reading Cable)
Digital movie locker `UltraViolet' nears launch (Associated Press via Google News)
FCC's Unreleased Broadband Competition Report Already Drawing Fire
Report Finds Broadband Deployment Inadequate (Multichannel News)
Tyco is bullish on broadband (Philly.com: Phily Inc)
Tech firms' mergers signal potential growth (Baltimore Sun: BaltTech)
Scvngr Gamers Can Check In by Bumping Phones Together (VentureBeat via New York Times)
Environmental Tectonics Corporation Announces First Quarter Fiscal 2011 Results
Revenue up 26.5%, Net Income up 151.4% (PR Newswire)
As Niche Gets Crowded, Studio Watches Its Back (New York Times)
Comcast rumored as possible suitor for DreamWorks.
Verizon's LTE rollout is imminent, computers updated for 4G SIM cards (Engadget)
NSN to Buy Moto's Wireless Biz for $1.2B (Light Reading Mobile)
Worst VC investment year since ’96 (Philadelphia Business Journal)
Google's growth in city puts Pittsburgh in top tier of regional sites (Pittsburgh Post-Gazette)
Andrew Kortina and Iqram Magdon-Ismail, Founders of Venmo (Inc.: 30 Under 30)
Swift to acquire SunGard's Ambit Messaging Hub (Finextra)
SAP Walks Tightrope Selling Business ByDesign (CIO.com)
SAP extends offer period for Sybase buy to July 26 (Reuters)
Down To Business: Oracle Suit Casts Shadow On Rimini Gains
Alternative provider of software support services gaining enterprise customers, despite Oracle suit's chilling effect. (Information Week)
Epocrates plans $75 million IPO, again (Mobile Health News)
Phila. gets presence on national innovation council
(Philadelphia Business Journal: Technology Blog)
Apollo Health Street Adds New Senior VP and New Legal and Compliance Counsel (Business Wire)
HighPoint Solutions Names New Solution Lead for R&D and Collaboration Practices
Francis Joyce Joins MISTRAS as Chief Financial Officer (Globe Newswire via MarketWatch)
James G. Dole Joins WorldGate as Chief Financial Officer
Mr. Joel Boyarski Announces Plans to Retire from the Company (Business Wire)
John Weyrauch and Martin O'Brien Join Rosetta as Partners in Healthcare Group (PR Newswire)
at 1:19 PM
Qlik Technologies (also called QlikTech) has successfully completed its long-awaited Initial Public Offering, selling at least 11.2 million shares at $10 per share, up from an estimated pricing of $8.50 to $9.50 in the prospectus. Subsequently, shares rose to over $13 and are currently just under $13, particularly impressive on a weak day for tech stocks. This gives QlikTech a market value of nearly $1 billion, and also gives the company more than $100 million in cash as well as stock it can use as a currency for acquisitions. It is trading on the NASDAQ under the symbol "QLIK".
This is the largest tech (IT) IPO in the Philly area for quite some time that I can recall, though QlikTech has Swedish roots and has a relatively small percentage of its employees in Radnor. The company maintained strong growth throughout the economic downturn and its revenue increased 66% in the first quarter of this year to $43.8 million.
QlikTech has major strategic choices: whether to remain focused on its niche of in-memory, relatively easy and rapid-deployment Business Intelligence solutions, or to expand its product portfolio through acquisition into other area of the BI space. It also faces challenges in terms of scalability for larger enterprise applications, and increasing competition. But anyone who has worked with BI technology as I have understands the significance of the breakthroughs QlikTech has achieved.
My own guess: they will inevitably be acquired, probably by either Oracle or SAP. But I could be wrong.
at 3:53 PM
Qlik shares jump after IPO prices high (AP via Google News)
NBC Uni sees Q2 earnings leap 13% (The Hollywood Reporter)
Not invented here: Apple's secret applications (Computerworld Blogs)
What’s Really Going on in the VC Industry? What Does it Mean for Startups? (Both Sides of the Table)
Goodbye (Comcast Voices)
@ComcastCares guy, Frank Eliason, is leaving Comcast.
at 11:00 AM
BI Vendor QlikTech's IPO Could Be Red-Hot (CIO.com)
Can Sprint afford a WiMAX flop?
Company may take hit if WiMAX fails to catch, but other strategies are out there (Network World)
Clearwire Gets a New Backhaul Buddy (Light Reading Cable)
Comcast unleashes 100 Mbps tier for businesses (CED Magazine)
Manufacturing in Philadelphia Fed Area Cooled in July (Bloomberg Business Week)
Philly Fed July 2010 Business Outlook Survey
Ben Franklin Technology Partners approves investments of $1.8M (Philadelphia Business Journal)
Blog Networks Try One More Time to Turn Local Journalism Into Cash (GigaOM)
Yardley's Journal Register is one experimenter.
SAP & CA Tag Team for GRC (ZDNet Blogs)
Curt Schilling’s online game firm 38 Studios considers $75M loan incentive from Rhode Island (VentureBeat)
Comcast SportsNet unveiling Baltimore website (Baltimore Business Journal)
Elsevier's Procedures Consult Mobile Brings Procedural Videos and Illustrations to Smartphones (Medgadget)
Athenaeum library in Philadelphia: Old-world and cutting-edge
Copps Not Persuaded By Comcast/NBCU Pledges
Access to video content online is key, say panelists at FCC's Chicago forum (Broadcasting & Cable)
Comcast-NBC merger sheds light on future of online video (Washington Post: Post Tech)
Comcast Unleashes Wireless Beast Out East (Light Reading Cable)
Liberty's Malone Discusses Possible QVC-HSN Merger: Video (Bloomberg via Washington Post)
Verizon Launches Health Information Exchange (Light Reading)
What final 'meaningful use' rules on EMRs mean for doctors, hospitals (Computerworld)
LLR Partners Invests in IOD Incorporated (Business Wire)
Kulicke & Soffa Shrs Slide; Says Some Orders Pushed Out (Barron's: Tech Trader Daily)
Some Thoughts On The Seed Fund Phenomenon (A VC)
Airclic and AirVersent Merge (PR Newswire)
Airclic had just raised about $18 million in a private equity offering related to the merger, according to an SEC filing.
Tyco Electronics buys ADC for $1.25 billion (Bloomberg via NJ.com)
Tyco Snaps Up ADC for $1.25B
(Light Reading Cable)
Tyco Electronics' operational headquarters is in Berwyn.
Comcast Empowers Customer-Care Crews
Listening to Front-Line Employees Leads to Bottom-Line Satisfaction Gains (Multichannel News)
Comcast Says They're Doing Better At Support
Do you agree with them? (Broadband Reports)
Comcast launches 100-meg internet service in N.J. (Newark Star-Ledger)
Sprint Considering LTE, Merger with T-Mobile (eWeek)
Meaningful Use’ Regs for Electronic Medical Records Finally Drop!
(Wall Street Journal: Health Blog)
Health and Human Services finalizes meaningful use for electronic health records (O'Reilly Radar)
Microsoft Dynamics Aims to Steal a Little Salesforce Thunder (Ecommerce Times)
How to Make Money in the Cloud: Microsoft, SAP, the Partner Dilemma and The Tools Solution (Enterprise Matters)
Invite Media sold to Google for a reported $81 million, First Round Capital has helped back another Philly/New York based internet advertising startup named AdCopy, along with angel investors. AdCopy says it "leverages existing, pre-approved creative assets, like logos, icons, slogans and short brand messages to engage the consumer before they access the desired content". Specifically, the company is planning to build an advertising platform around "Captchas", those screens that make people type in a few characters to verify they are not bots.
The Philadelphia office is on South Broad and they are advertising for a senior account exec for the Philly/New York area. AdCopy's co-founders include Doubleclick (Google) alum Stu Libby and VoiceStar (Marchex) co-founder Ari Jacoby, who also had previous experience with Google.
Qlik Technologies (QLIK) Chief Executive Officer to Ring The NASDAQ Stock Market Opening Bell (Globe
Newswire via MarketWatch)
TV Everywhere Is All Hype: Comcast Raising Rates To Pay For "Free" Service (Silicon Alley Insider)
Showdown in Chicago over the Comcast-NBCU deal (Philadelphia Inquirer)
First Journalism Online Meter Starts Ticking: LancasterOnline Obits (paidContent)
Pittsburgh gives birth to tech firms, but can't keep them (Pittsburgh Post-Gazette)
WPC: Microsoft announces 'Windows Azure in a box' (Seattle Post-Intelligencer: Microsoft Blog)
Where’s the innovation around SAP maintenance and support?
(SearchSAP.com: SAP Watch)
at 9:04 AM
2010 Retail Excellence Awards honorees. The company says the PLCB uses Oracle Retail solutions "to help to improve inventory turns, increase multi-channel revenues, improve product availability and reduce costs associated with retail operations". Meanwhile, the Liquor Control Board has started testing self-serve wine kiosks in two central Pennsylvania grocery stores, using equipment from Conshohocken-based Simple Brands.
Internet Capital Group said it had purchased an additional 5% of King of Prussia-based ICG Commerce for $14.4 million, bringing its total ownership stake to 81%, the Philadelphia Business Journal reported. ICG indicated in May when it last increased its stake in the company to 76% that it would seek to purchase the remaining 5% not owned either by itself or employees, and this apparently accomplishes that. Both this and the previous deal value ICG Commerce at just under $300 million. There has been some speculation that ICG Commerce could be considering an IPO.
Huntingdon Valley-based email marketing firm AWeber released results of a survey it conducted of 2500 small businesses regarding email marketing and social media marketing efforts that highlights the increasing relationship between the two tools. According to the study, "almost 70 percent of small business marketers are employing some sort of social media tactics and a majority (77 percent) indicate that integrating email marketing and social media is either 'very important' or 'moderately important' ".
Wharton's Supernova Conference will be held in Philadelphia for the first time this year (in the past its been in San Franciso). Described as being focused on "the transformation of computing, communications, business, and society in the Network Age", Supernova appears to be half unconference and half a more tradtional conference structure. Speakers include Comcast's David Cohen, First Round Capital's Josh Kopelman, and Philly CIO Allen Frank, though it is much more than a local conference. It takes place on
July 29-30 at Wharton's Jon M. Huntsman Hall.
A recent Bloomberg Business Week piece on "virtual world" website Second Life discusses the experiences of Tim Allen, IT Director of Web Technologies for Wharton Research Data Services at Penn, who created a eBay type store for virtual items on Second Life before selling it to focus on his day job.
Richard Kahn, CEO of Middletown, Delaware-based interactive agency eZanga.com was named one of Ernst & Young's Entrepreneurs of the Year in the Philadelphia area last month. eZanga was ranked among the fastest growing companies in the Philly Metro area last year by Inc. Magazine.
Mason Wendell, Co-Owner and Principal Designer & Developer of Canary Promotion + Design since 2001, has joined Drupal/Alfresco shop Zivtech as Creative Director of a newly created design department. Megan Wendell will remain at the helm of what will now be called Canary Promotion.
GSI Commerce's interactive agency TrueAction apparently let eight employees go, according to the Times Leader of Wilkes Barre, although it is not clear where they were located.
Motorola Taps Holobinko To Head Access Networks Strategy (Multichannel News)
Jeff Fisher Named Vice President of Business Development at RES Software (Business Wire)
Domus adds Dhawal Sehgal and adds new digital capabilities (Philly Ad Club News)
Dr. Rainer Feinen to Fill New Post
InterComponentWare Appoints Chief Medical Officer (PR Newswire)
Governor Christie Taps Colleen Woods as Statewide Health Information Technology Coordinator (Politicker NJ)
Precyse Solutions Manager Elected President of SePHIMA (PR Newswire)
at 12:41 PM
Comcast Shoots for 'DVR2Go' Trademark
(Light Reading Cable)
Tech community hoping to stem tide of state cuts (Pittsburgh Post-Gazette)
Independence Blue Cross Launches Online Health Records (Insurance & Technology)
Radnor's Qlik Technologies is scheduled to launch its IPO some time next week, CNBC reports. Qlik Technologies is proposing to sell 11.2 million shares priced at $8.50 to $9.50, according to company filings. The stock would trade under the symbol "QLIK".
NetSuite pushes up market with SRP (ZDNet Blogs)
SAP: We will push all useful data to mobile devices (Network World)
EMC-Greenplum Deal Could Precede More Consolidation (PC World)
INetU Managed Hosting Commissions its Sixth and Largest Data Center (PR Newswire)
at 8:21 AM
Comcast-NBCU merger in Chicago for hearings (Washington Post: Post Tech)
Comcast promises $20 million for venture capital fund for minority entrepreneurs (LA Times: Company Town)
My tech support nightmare shows why Comcast has the worst tech support ever (Computerworld Blogs)
Telecom Experts Question FCC's Broadband Regulation Plan
(IDG via New York Times)
Claim your $16! Comcast P2P settlement now final (Ars Technica)
Wake up call for mobile health reimbursement (Mobile Health News)
EMC to take on Oracle's Exadata with Greenplum acquisition (SearchStorage.com)
ABi Opens New Sales and Marketing Office in Suburban Philadelphia (Marketwire)
at 9:08 AM
CardioNet Provides Update on Commercial Payor (Business Wire)
The problem with CardioNet (ZDNet Blogs)
Vishay Precision Group Begins Trading on the NYSE (Business Wire)
Bentley Systems buys into Blueridge Analytics (Charlotte Business Journal)
Media executives see small deals as key to future (Reuters)
Comcast/NBCU Back On the Clock: Source (Multichannel News)
Comcast Moving On Move Networks Alternative (Light Reading Cable)
Microsoft, Sun, And SAP Surprising Winners In Greenplum Sale
(Forbes Blogs: Velocity)
Apple's iPad Wins Corporate Converts at Wells Fargo, SAP (Bloomberg Business Week)
LLR Partners Invests in Lightspeed Financial, Provides Capital for Acquisition of Terra Nova Financial (Business Wire)
QVC sees the web getting a bigger share of its sales
QVC expects continued domestic and global growth to push online sales to 50% of revenue (Internet Retailer)
AT&T capping data uploads on the iPhone 4? (CNET News)
Tech customers question industry's takeover spree (Associated Press via Google News)
Delaware jobs: Sallie Mae says most hires local
Lender's CEO cites expertise of Del. work force (Wilmington News Journal)
Edison Venture Targets Raising Seventh Fund (PE Hub)
SAP joins $10m Series C round for IT co (AltAssets.com)
Exton software maker growing, hiring; owners seek way out (Philly.com: Philly Deals)
Parole Board wants to forecast who will kill again (Allentown Morning Call)
at 11:01 AM
Dr. Angelika Dammann Joins SAP as Newest Executive Board Member (PR Newswire)
This move was all but formally announced around the time of the major management changes in
SL Industries Names William T. Fejes Jr. Chief Executive Officer (PR Newswire)
EnerSys Appoints Todd M. Sechrist Senior Vice President - Americas (PR Newswire)
Jean Rankin Joins InterDigital Board as Independent Director (Business Wire)
EXTOL International Names Daniel Sapir Vice President of Worldwide Business Development (PR Newswire)
at 9:56 AM
Comcast reaches peace accord with CBS, ABC and Fox stations (LA Times: Company Town)
Comcast raising rates 5 percent, Happy Fourth! (Seattle Times)
Cable is a great business. You can always raise prices, regardless of what's happening with the economy or inflation.
Lockheed Martin Opens Expansion of Newtown, PA Facility (PR Newswire)
Lockheed Martin lab to look at social media in emergencies (Cherry Hill Courier-Post)
Wilmington Trust sure looks ripe for takeover, KBW says (Delaware Online: Delaware Inc)
SAP extends Sybase bid, awaits EU clearance (Associated Press via Google News)
Pushing high-tech in Pa. (Daily Local News)
Kenexa - SaaS Transition Update (Smart SaaS)
Drakontas Wireless Emergency Messaging Demo'd In Philly Subway (TMCnet)
Drakontas is based in Camden.
at 9:29 AM
The NBA and GSI Commerce Extend E-Commerce Agreement to 2017 (Business Wire)
Fisker Gets Green Light for New Plant, Toils in Tesla’s Shadow (VentureBeat via New York Times)
SAP co-CEO talking innovation (CIO.com)
SAP Joins Microsoft in Technology Recovery as `Crystal Ball Looks Good' (Bloomberg)
SAP under EU scrutiny: the malaise continues (ZDNet Blogs)
Analyzing the Success of SAP Inside Tracks
(Feeding The SAP Ecosystem)
Motorola details break-up plans, including name split
Separation expected to be completed in first quarter of 2011 (MarketWatch)
The big question for this area is how committed will the new company be to maintaining operating management for Motorola Home (to be a part of Motorola Mobility) in Horsham. There has been some speculation of more of those functions moving to California.
AMETEK Acquires Haydon Enterprises (PR Newswire)
At $270 million, this is a rather pricey acquisition for Ametek, which more frequently makes very small deals.
Intel backs off WiMAX industry, dismisses WiMAX Program Office, say sources (DigiTimes)
Accel Invests in ModCloth, a Social Shopping Site (New York Times:
Boy Scouts to use FreedomPay technology at Jamboree (Philly.com: Philly Inc)
Judge: Pa. man can name company 'I Choose Hell' (Associated Press via