I profiled Wayne-based SaaS CRM vendor PipelineDeals, which aims to take a slice of market share away from Salesforce.com.
Radnor-based NewSpring Capital has filed a preliminary response to a lawsuit filed against it in July by the co-founders and former executives of Clifton Heights-based ProfitPoint, which provides stored value loyalty programs for retailers. The plaintiffs say NewSpring forced their removal and then conducted a smear campaign against them; NewSpring says they reached a settlement to remove the co-founders after serious fiancial irregularities at ProfitPoint were discovered.
Philly Tech News contributor Esther Surden covered the NJ tech community's efforts
to help New Jersey recover from Sandy in NJTechWeekly.com.
In news from other sources, incoming Lockheed CEO Christopher Kubasik was forced to resign over a close personal relationhip with a subordinate. Lockheed employs close to 10,000 in the Philly area. Lockheed also announced job relocations and some possible reductions in South Jersey, although its Advanced Technology Labs in Cherry Hill will not be touched.
The Washington Post did an interesting profile of Paoli-based DuckDuckGo. Oracle acquired project portfolio management vendor Instantis, which may have some overlapping fit with Oracle Primavera, which does much of its business from Bala Cynwyd. Ewing, NJ-based OLED technology provider Universal Display saw its shares plunge after reporting disappointing results and reducing its outlook. And the US Supreme Court heard Comcast's appeal asking it to remove class action status from an antitrust suit against it claiming Comcast engaged in monopolistic behavior in the Philadelphia area.
Subscribe in a reader
Subscribe to Philly Tech News Weekly Highlights by Email