The US Department of Justice completed its review of SAP's $4.5 billion acquisition of
Ariba, SAP and Ariba announced on Friday. SAP subsequently said it had closed the deal on Monday, October 1.
I wrote about the launch of Blue Kangaroo, a deal search and recommendation site with an office in King of Prussia. The site had been in beta for a year under the name ChoozOn.
Quewey, a business Q&A site that pivoted in August to arranging social gatherings for
individuals with common professional interests, indicated on Twitter and craigslist that it was moving out of its Rittenhouse Square offices at the end of September and was selling off furniture.
The Wall Street Journal Journal revealed its 50 "Next Big Thing" startups. There were no Philly area companies included, but First Round Capital placed four of its portfolio companies on it. Also, Josh Kopelman announced First Round Capital's "Dorm Room Fund", which will dedicate $500,000 to fund ventures by college students in the Philly area, with investments eventually to be chosen by student committees.
Highmark will be taking over responsibility for managing most of Indepedence Blue Cross' information technology.
And I "reintroduced" Philly Tech News' Philly Tech Search Engine, which now covers 1600 sites.
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