After 2 Years of Testing, Venmo Opens Payment Service to Public (New York Times: Bits)
Venmo is based in Philly; investors include Accel Partners (though Times reporter apparently couldn't find that out).
Oracle Reports Q3 GAAP EPS Up 20% to 49 Cents; Q3 Non-GAAP EPS Up 15% to 62 Cents (Marketwire)
Meets revenue guidance, exceeds soft EPS guidance. Hardware revenue continues sharp decline.
Oracle Exceeds Estimates on Corporate Demand
QVC Announces China Joint Venture (PR Newswire)
Google Says Motorola Buyout Boosts Choice as China Extends Probe (Bloomberg)
Motorola Hops Into CDN Market With EdgeCast
Vendor Targets Cable Operators Worldwide With Content Delivery Network Offering (Multichannel News)
Comcast Presents Consumer Benefits of Spectrum Assignment to Senate (Comcast Voices/Official Comcast Blog)
Amazon Acquires Kiva Systems in Second-Biggest Takeover (Bloomberg)
The key purpose of Amazon's acquisition of Quidsi in 2010 was probably to learn from what Quidsi was doing to automate the warehouse. Getting the warehouse inventory picking process under control is critical to Amazon's mass distribution strategy. Quidsi was deploying Kiva's products.
Meanwhile, Amazon and New Jersey are reported to be close to a deal that would give Amazon a sales tax exemption in the state in return for building warehouses that would provide up to 1500 jobs.
Edmund Optics “Goes Live” With SAP® Business All-in-One and Other Solutions From SAP, Deployed by Answerthink (Business Wire)
Edmund Optics is based in Barrington, NJ.
Leading Professional Services Company Launches New ARAMARK Healthcare Technologies Brand (PR Newswire)
Thomson Reuters Healthcare Unit, We’ve Been Here Before
(Wall Street Journal: Deal Journal)