Philly Tech People News 11/30/2014: Unisys appoints interim CEO; Big changes for Wharton's VIP







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Unisys Appoints Interim Executives As Search Continues For New CEO (CRN)

Industry Veteran Tim Slevin to Run Veeva Systems’ Global Data Solutions Business
(Business Wire)

Chris McCarthy is Named Mercer’s Philadelphia Office Leader (Business Wire)

Grant Thornton picks new Philadelphia leader (Philadelphia Business Journal)

Big Changes for VIP (Wharton Entrepreneurship Blog)

Dr. Youngjin Yoo is the first Harry A. Cochran Professor of MIS at Fox (Fox MIS)

Phila. Union's new investor is public-debt mogul, Comcast in-law, PGW chair (Philly.com: Philly Deals)

TMG Health Appoints Rod Jardine as Chief Information Officer (PR Web)




LiquidHub, on acquisition path, aims to get larger but keep focus



Tom Paine



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LiquidHub's acquisition of New York-based Foundry9, announced in late October, wasn't its first acquisition but it was its largest to date, I was told (though terms weren't disclosed). And it probably won't be its last. The Wayne-based digital technology integrator, following a strategic theme it highlighted earlier this year of bringing the CTO and CMO functions closer together, added the financial marketing systems capabilities of Foundry9, which has about 100 employees and a substantial Wilmington office.

The integration of digital and marketing is also reflected in the recently announced Publicis/Sapient deal, the acquisition by systems integration giant Cognizant of Conshohocken-based healthcare digital marketing firm Cadient, as well as Newtown-based Epam Systems' recent acquisition of a design-focused firm.

“From its beginning, Foundry9 has created marketing campaigns with digital at the core—not as an add-on,” said Jonathan Brassington, CEO and co-founder of LiquidHub, in a release. “With this acquisition, we are providing our customers a unified team of digital experts who can guide them through the entire customer lifecycle with both creative and technology services. We will now be better positioned to help our clients define a marketing strategy, create a compelling visual experience, segment customers and engage with them across different media and data-driven campaigns."

Matt Bernardini, founder and CEO of Foundry9, will continue to operate Foundry9 as a separate entity within LiquidHub. Bernardini, a native of Darby Borough, graduated from Rutgers and worked earlier in his career in financial services marketing in Delaware before migrating to New York. Foundry9 has worked with LiquidHub on projects in the past.

While Foundry9's niche is in financial services (both consumer and B-to-B), both Bernardini and LiquidHub co-founder Rob Kelley believe what it does is transferrable to healthcare & life sciences, LiquidHub's second key niche, as well as other areas, they told Philly Tech News in a phone interview.

Although some of Foundry9's internal plumbing appears to be built around Microsoft's .NET framework according to posted job descriptions, I couldn't get a much of a hint as to what direction it leaned in terms of third-party CRM and marketing automation tools. But one thing was clear: Kelley said that the Salesforce Clouds would be a big part of LiquidHub's future (though by no means exclusive). LiquidHub was a Bronze sponsor of Dreamforce 2014 in San Francisco last month.

LiquidHub made three acquisitions in 2011-12: Conshohocken-based E-Brilliance, Hestan Consulting Group, a financial services practice with a New York office, and New York-based aSpark, which brought with it mobile, cloud and social enterprise capabilities.

LiquidHub is approaching 2,000 employees worldwide with about 400 in Philadelphia, is expanding its operations in India where half its headcount is located, and recently opened an Amsterdam office. Revenue should reach $150 million this year.

Founded in 2001, LiquidHub raised a $53M Series B Capital Round led by Delhi-based ChrysCapital earlier this year. (NewSpring Capital reportedly closed out its position at that point). With that investment came a committment to provide access to additional capital for potential acquisitions.

In August, LiquidHub lost its India managing director Sushma Rajagopalan to ITC Infotech, were she was soon after named CEO. Also in August, LiquidHub named Sean Narayanan, formerly of iGate, as global partner, chief business officer and managing director for India operations.

Further acquisitions will focus on on small to medium-sized digitally transformative partners in the mobile, cloud, and analytical spaces to support its healthcare and financial verticals. Kelly said another emphasis would be to increase LiquidHub's global footprint.

In the systems integration space, it is important to define your core niches and specialities, and develop value-added tools, to keep above the lower margin "one-off" business and develop lasting client relationships. By all appearances, LiquidHub has taken important steps towards defining its strategy and presenting it clearly over the past couple of years. While it has grown significantly recently, it is still a minnow compared to the large outsourcers and system integrators, with plenty of room to grow.




Vodafone-Liberty Global Deal Is Way to End Duel: Real M&A (Bloomberg News)


Links 11/26/2013: Report - Über said to be raising funds at $40 billion valuation



Uber Said to Be Raising Funds at $40 Billion Valuation (Bloomberg)

Hewlett-Packard Profit Declines as Breakup Plan Begins (New York Times)

Veeva Stock Jumps After Q3 Earnings, Guidance Beat (Investor's Business Daily)

Veeva Announces Fiscal 2015 Third Quarter Results (Veeva Systems Press Release)

Veeva encouraged to tap CRO industry after inVentiv puts head in the cloud (Outsourcing Pharma)
Based in California, Veeva Systems has a significant presence in Delaware and Montgomery Counties.


SAP Set To Wrap Up $8.3B Concur Acquisition (CRN)


Zayo Rising: Underwriters Unanimously Start Dark Fiber Vendor at Buy (Barron's Tech Trader Daily)

Google Fiber applies for service franchise to bring FTTP service to Tennessee (FierceTelecom)

No blackout ahead: Netflix already ditched Silverlight for Chrome (Gigaom)


Marc Lore's startup Jet offers equity to a few people who bring in the most referrals



Tom Paine



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Jet, the New Jersey ecommerce startup founded by Marc Lore, who sold his previous startup Quidsi (Diapers.com, etc.) to Amazon, offers special benefits on its website to early signups to its Jet Insider program: free membership, early access, and maybe even Jet stock.




By signing up for Jet Insider, you get a free six-month membership. Increasing awards come with the number of referrals you bring to Jet, but if I understand correctly you would have to be among the top 10 in referrals to earn 10,000 shares while the number one referrer earns 100,000 shares.

Of course, no one knows what those share may ultimately be worth, though Jet has raised at least $80 million to date. Jet plans to use advanced ecommerce technology to compete on price on selected items with Amazon.

Lore is a Wharton grad and Penn-related MentorTech Ventures is an investor in Jet along with other much larger funds. MentorTech was also an investor in Quidsi. Jet is based in Montclair.


Links 11/25/204: Much of Eniac reconstituted, on display in Oklahoma






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How the World’s First Computer Was Rescued From the Scrap Heap (Wired)

Unisys Announces Progress in Leadership Transition; Appoints Interim Chairman and Interim CEO (PR Newswire)


HR software maker Workday's revenue forecast disappoints, shares fall (Reuters)

Workday Takes Investor Heat For Light Outlook (Investor's Business Daily)



Customers say SAP knows too little about their businesses (ComputerWeekly.com)

ShopRunner CEO Scott Thompson on battling Amazon, the Alibaba connection, and Black Friday madness (Upstart)



Fort Washington firm offers high-tech hiring (Philadelphia Inquirer)

Arris Stays On Top Of Cable Access Heap (Multichannel News)


First Round Capital. first institutional investor in Uber, has yet to comment on controversy


Tom Paine



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Josh Kopelman/ Uber Blog

Josh Kopelman and First Round Capital are in an interesting position relative to Uber, although there might not be much they can do to influence it.

I wrote in June about how First Round Capital came to lead the seed round in Uber, as described by Business Insider. The First Round team knew of the concept of Uber through its association with Garret Camp, co-founder of FRC-backed StumbleUpon who reportedly came up with the idea for it (Camp at last word is Uber's non-executive chairman). FRC became Uber's first institutional investor. Now, by Fortune's assumptions, those seed round stakes of $500,000 may be worth up to $1 billion or more. And there is talk of raising another round at a somewhat higher valuation.

Kopelman is also, personally, an investor in Sarah Lacy's website PandoDaily, as is a partner with another VC firm that's invested in Uber (at least two other VC firms have invested directly in both). Lacy has been in many ways at the center of the conflict with Uber.

The long-simmering, but relatively quiet, controversy about Uber's corporate behavior exploded after BuzzFeed's piece published November 18 alleged that a senior Uber executive, Emil Michael, suggested at a dinner with media present (thought to be off the record) that it might hire opposition researchers to look into reporters' personal lives. That stirred up several other questions about Uber's corporate behavior. Despite CEO Travis Kalanick's tweeted apologies for Michael's comments, a lot of crap is still flying from all sides, as they say.

Some have tried to portray this struggle in political terms, though along confusing lines; some compare Uber users to Republicans, while others compare Uber to a progressive movement against a long-entrenched taxi monopoly trying to halt progress. No doubt a key hire is former Obama campaign manager and top White House aid David Plouffe (I wrote about his hire in August, and pointed out his Delaware roots) as SVP, Policy & Strategy. I don't know how much his fingerprints are on Uber's PR yet, but his aggressive tactics and dependence upon social media influence at the grass roots level as used on the Obama campaigns might be evident here.


Kopelman hasn't commented (and didn't respond to a Philadelphia Business Journal request for comment). Garret Camp hasn't commented. I tried to find out the current makeup of Uber's board but found multiple versions on the web and none on Uber's website; a request for an update to Uber was not answered.

Lacy said on Fox Business Wednesday that she emailed several common investors in Pando and Uber that "said, you know, I need to know frankly for our relationship what the ground rules of journalism are between your firm and Pando. And frankly, for the safety of my family, where do you stand on this alleged proposed plan to spend $1 million discrediting me? And no one’s written back" as of Wednesday.

Kopelman personally made an appearance behind the wheel for UberX in its abortive attempt to start up in Philadelphia in late October, before the PPA crackdown. And he followed up with a string of tweets pointing out some other ridiculous laws on the books in Pennsylvania.

To be sure, FRC is a small minority shareholder in Uber at this point. If its shares were worth $1 billion as of the last valuation, it was out of a total of $18.2 billion post money (after the funds were booked). Fortune's Dan Primack commented in today's TermSheet email that he didn't know how Uber is structured, "but do know that many of Silicon Valley's hotter startups structured their early investment rounds in a manner that precludes actual VC control." (Update: Primack: Don't overstate investor power at Uber. I don't think FRC has a board seat any more, as often happens. I believe Rob Hayes was taken off to make room for a larger investor.

There is a legitimate debate over the degree of regulation required in the Taxi industry, though its over regulated now. I'm not going to draw a conclusion on how Uber has acted, though it does seem in several respects to be boorish and overbearing. Many First Round Capital portfolio companies have pushed it to the brink in the process of creating a new market or service, and have tested the legal system while doing so (think Aereo), but have almost always been above board ethically. But Uber presents a different set of issues, that may or may not be smoothed over, at a critical point in its growth trajectory.

Update 11/25: Uber directors (per Form D filed with SEC 11/13/2014) include Travis Kalanick (CEO), David Bonderman (TPG Capital), Garret Camp, David Drummond (Google), Ryan Graves (Uber Head of Global Operations) and J. William Gurley (Benchmark Capital).


Update 11/26: Bloomberg reports that Uber is seeking to raise another $1 billion at a $40 billion valuation.

Update 11/29: Uber shut down in Nevada, Thailand, awaiting key court decision in France.

Update 12/6: Uber Raises $1.2 Billion At A $41 Billion Valuation, Vows To Become 'Smarter And More Humble' (Business Insider)




Links 11/24/2014: Where does SAP’s ‘new Core’ fit into its Cloud Strategy? Workday beats Q3 expectations






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Prepare for SAP’s Five-Year Plan to Fight Back in the Cloud (Q&A) (Re/code)

Deciphering s-Innovations – where does SAP’s ‘new Core’ fit into its Cloud Strategy (Diginomica)

User Group says SAP must make it easier to get business case help (Diginomica)

Host Analytics Raises $25M And Says Next Step Is IPO (TechCrunch)

Swelling Data Feeds Analytics Demand (Bloomberg)

Despite loss, Workday beats Q3 earnings expectations (ZDNet)


This software entrepreneur wants executives to think like cartographers (Fortune)
Jack Dangermond, founder of mapping software company Esri.

Canadian firm buys AirClic for $30M (Philly.com: Philly Deals)


SMBs get their very own Salesforce app store (PC World)

VMware’s vCloud Air ‘knocks Amazon Web Services out of the park’ claims Bluefin head of IT
(Computing)


Luxury retailers are watching you
(CNN Money)

ESPN Gets Ready to Launch Its First Web Video Subscription Service — For Cricket’s World Cup (Re/code)


Philly Tech People News 11/23/2014: Leading Enterprise Software analyst Kanaracus joins ASUG; Xtium names new CEO







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Taubman Hires Top Sports Banker
(New York Times: Dealbook)
Taubman is building PJT Partners, a boutique investment bank to be spun off from Blackstone next year. Among the deals its
currently involved in is Comcast/Time Warner Cable.

Jonathan Becher Named Chief Digital Officer and Leads SAP Digital; Maggie Chan Jones Will Join SAP as Chief Marketing Officer (PR Newswire)


Grady Steps Down as NJ Pension Chairman (Chief Investment Officer)

SevOne's SVP, Operations, Tanya Bakalov and Chief Legal Officer Diane Pyron Win Stevie® Award in 2014 Stevie Awards for Women in Business (Marketwire)
Here's the remainder of the Stevie Award winners, including Kimberly Gress of Dell Boomi in Berwyn and At Media co-founder Antoinette Marie Johnson.

Devesh Raj Joins Comcast Corporation as Senior Vice President of Strategic and Financial Planning (Business Wire)

Managed Cloud Hosting Company Xtium Appoints David Rode as CEO (Talkin' Cloud)

Why I Joined the ASUG Team
(Chris Kanaracus/senior editor and senior research analyst-ASUG)
Kanaracus has provided excellent coverage of enterprise software for IDG' PC World for several years. ASUG is the Americas' SAP Users' Group.



RightCare Co-founder Recognized by the American Academy of Nursing for Her Commitment To Reducing Readmissions and Improving Patient Outcomes
(Business Wire)

JetPay Corporation Appoints Pete J. DuPré as Chief Information Officer (Business Wire)

InterDigital Adds Former Nokia Executive Kai Oistamo to Board of Directors (Globe Newswire)

Facebook Co-Founder Named CEO Of Philo (Multichannel News)

Bret Piano, Named VP/Group Director Of Strategy & Analytics At Digitas Health LifeBrands Philadelphia
(AAAA)

Andy DelQuadro Joins MayoSeitz Media as Director, Digital Strategy (PR Web)




Cash Is for Losers! (Bloomberg Business Week)
Detailed article on Philly-born Venmo, including its early days, how its acquisition by Braintree (in turn acquired by PayPal) was almost out of desperation, the fact that despite the enormous volume of mobile payments it processes it generates minimal revenue, and how its co-founders' current roles at Venmo appear unclear.

The planned spinoff of PayPal by EBay will likely increase the attention Venmo receives.




Comcast Stretches Broadband Subscriber Lead In Q3 (Investor's Business
Daily)

FCC Barred From Disclosing TV Contracts in Comcast Review (Bloomberg)


A double-Logo SAP ? (Pixelbase)
SAP employees unhappy with new SAP logo so the old one is brought back; CEO Bill McDermott wants employees to focus on
running the actual business.


Links 11/21/2014: Fab may be sold off for $!5-25 million; Aereo files for bankruptcy: AirClic acquired






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Former Rising Star Fab May Sell to PCH at a Steep Discount (Wall Street Journal: Digits)
Fab was valued at about $1 billion after one of its financing rounds, but now may sell for as little as $15 to $25 million, according to reports. First Round Capital was an early investor, though I doubt its exposure is significant. (I mean cash exposure; I don't know when they recognize book gains.)

Aereo, a live-stream TV startup, files for bankruptcy (Fortune)
Another startup that FRC invested in, though again probably with limited exposure. Barry Diller's IAC Corp made the biggest bet. I still would imagine that the technology is going to be worth something to somebody.

The Next Chapter (Aereo Blog)


Aereo CEO: Court Made Incredibly Wrong Decision, Cord-Cutting Is Inevitable (TechCrunch)


Amazon reportedly launching free, ad-supported video streaming service (Engadget)

Comcast SportsNet launches marketing campaign over possible Dish Network blackout (Washington Post)

Descartes Buys Transportation Tech Provider Airclic (Trevose) for $29.7 Million (Transport Topics)
AirClic reportedly recieved investments of $300 million or more going back to 2000.
This is the original press release from 2000 announcing the joint venture investment plans for AirClic. Its not known how much was eventually invested.

CMU to split $750K with two partners (including Drexel) to form PA Interactive Media Consortium (Pittsburgh Business Times)


Is SAP any clearer on its SME strategy?
(Diginomica)

Salesforce brings Social Studio deeper into its Cloud family (VentureBeat)



AWS is playing chicken with pricing, and enterprise incumbents will lose (Tech Republic)

HP boss Meg Whitman shuffles exec pawns just before biz splits (The Register)



Links 11/20/2014: Salesforce off a bit on lower-than-expected guidance; Concur shareholders approve $8.3 billion SAP deal





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Netflix Still Dominates Streaming, but Amazon Is Picking Up Steam (Re/code)

Comcast says it’ll stop wasting your time, offers technician tracking tool (Ars Technica)


Wall Street cool on Salesforce.com numbers despite 29% YoY growth (Diginomica)

Salesforce’s Benioff: The Wave analytics cloud’s market potential is ‘far beyond’ $1B (VentureBeat)

NGO Connect and the New Nonprofit Technology Revolution (Salesforce Foundation)
Explains Salesforce Foundation's investment in Villanova-based RoundCorner and NGO Connect.

Concur Beats Its Financial Expectations For Its 2014 Fiscal Year (Business Travel News)
Meanwhile, Concur shareholders approve $8.3 billion acquisition by SAP.

SAP talks up Hana but small companies slow to sign on (PC World)



Uber’s Massive Fundraising Campaign Forges Ahead Amid Controversy (Wall Street Journal: Digits)

Amazon to Lease Entire Manhattan Building, Hinting at Retail Ambitions (WSJ: Digits)


Unisys Selected to Provide Cloud Infrastructure Solutions to Help Consumer Financial Protection Bureau Protect U.S. Citizens from Financial Crime
(PR Newswire)

Comcast Takes Ethernet Everywhere (Light Reading)

Web Video Channel Guide PlutoTV Raises $13 Million (Re/code)


QVC's Digital Transition (NBC News Video/Interview with CEO David George)





Links 11/19/2014: SAP CEO to lay out six-year plan; says will rely on mostly organic growth







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SAP CEO rules out big acquisitions in next few years (Reuters)

SAP CEO McDermott to Unveil Six-Year Plan in January (Bloomberg)

SAP preps new 5-year vision: The burning questions (ZDNet)

Salesforce Falls on Weak Guidance After Q3 Results Beat Expectations (Re/code)


MICROSOFT AZURE SUFFERS WIDESPREAD OUTAGE (Computer Business Review)

For Amazon, cloud wars heat up (Fortune)

GE Ventures Flies Into the Drone Business With Airware Investment (Wall Street Journal: Venture Capital Dispatch)
First Round Capital was already an investor.

Ted Leonsis again says Monumental Network could be an alternative to Comcast SportsNet (The Washington Post)

Who could buy Netflix? (Fortune)

T-Mobile Could Attract Suitors Again, Deutsche Telekom Says (Bloomberg)
Deutsche Telekom Chief Executive Officer mentioned Comcast among possible buyers in interview, though he said he wasn't having discussions with any of them.

Malone Would Pursue TWC Again If Comcast Deal Rejected (Multichannel News)



'No One With A Stake In This Company Will Stand Up To Uber's CEO' (Business Insider)

Wolff: Behind the scenes at Uber/BuzzFeed fracas (USA Today)

After board takeover and C-suite shakeup, ValueVision dumps its name (St. Paul Business Journal)

Isaac Capital Group Closes $5 Million Preferred Stock Deal with Dataram Corporation (PR Newswire)

Rajant Expands Market Reach with Launch of New Channel Partner Program (Business Wire)


MeetMe #21 on Deloitte Fast 500, but I'd add an asterisk to that



Tom Paine



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New Hope-based MeetMe was ranked #21 nationally and #3 among Internet companies on the 2014 Deloitte Fast 500 (last year it was #3 overall), but although MeetMe is an impressive, growing company, as I explained last year its ranking by Deloitte is a bit misleading, though not intentionally so.

Deloitte's 2009-2013 growth rate for MeetMe reflects the addition of myYearbook's revenue to Quepasa's relatively tiny base after Quepasa (essentially little more than a public shell) technically acquired myYeabook in 2010 though myYearbook was the much larger company. The merged company was subsequently renamed MeetMe. So MeetMe being so high on the list is something of an aberration. Again, this is not a knock on MeetMe, which has performed well. It reported revenue of $11.6 million, up 15% from last year, and break even net income for the 3rd quarter 2014 as it continues to transition from desktop to mobile.

A Deloitte spokesperson confirmed by email last year that its methodology in the case of public companies is to take revenue from the public company's 10-K and doesn't distinguish between organic and inorganic growth.

The Philadelphia Business Journal shows what area companies made the Deloitte 2014 Fast 500.


Links 11/18/2014: Uber soap opera escalates






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Urban Outfitters' profits and shares tumble (Fortune)

Uber Executive Suggests Digging Up Dirt On Journalists (BuzzFeed)

The moment I learned just how far Uber will go to silence journalists and attack women (Sarah Lacy/PandoDaily)

Uber CEO Condemns “Terrible” Comments
(BuzzFeed)


Verizon FiOS Cord-Cutter Deal Adds Netflix, HBO (Investor's Business Daily)

Comcast: Xfinity billing change 'may not have been seamless for some' (Philadelphia Inquirer)
Figured that might be the case.





Why I Joined the ASUG Team
(Chris Kanaracus/ASUG News)

Amazon delivering groceries in Philadelphia (Philly.com)


Venmo gets Touch ID security, tagging, and direct linking to bank accounts (VentureBeat)

Colocation America announces new data centers in Miami, Philadelphia and Boston to better serve clients (PR Newswire)


Links 11/17/2014: SAP names Becher Chief Digital Officer; Maggie Chan Jones Will Join SAP as Chief Marketing Office






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QVC ahead of the curve on retailing trends (Philadelphia Inquirer: Philly Deals)

Jonathan Becher Named Chief Digital Officer and Leads SAP Digital; Maggie Chan Jones Will Join SAP as Chief Marketing Officer (PR Newswire)

Why NetSuite CEO Zach Nelson Is Throwing Haymakers at the Competition (Ad Age)


Enterprises Moving Big Data Workloads to Public Cloud (Computerworld)

Can Amazon Web Services be stopped? (Infoworld)

Behind Closed Doors, Ford, UPS, and Visa Push for Net Neutrality (Bloomberg Businessweek)

Comcast Business Diversifies Its Cloud (Multichannel News)

Rieder: Philanthropist determined to save Philly papers (USA Today)


Keystone NAP's new Bucks County modular data center planned for early 2015 opening


Tom Paine



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Keystone NAP's connectivity map / Keystone NAP



Typically, the announcement of a new data center facility will highlight its total square footage. But for Keystone NAP, with a planned data center in Fairless Hills, Bucks County announced today, that figure is somewhat irrelevant. Keystone NAP, founded by Philadelphia entrepreneur Peter Ritz (Xtium, AirClic), is largely modular in design and can be built out incrementally to meet customer demand. Using modular power units called KeyBlocks designed by Schneider Electric, Keystone NAP can be built to customer specifications, avoiding the challenges that often occur in filing a large, predetermined amount of capacity.

The KeyBlocks can also adapt to the power intensity of an individual customers's environment, greatly reducing power bills for some. The Fairless Hills facility, on the location of a long-closed steel factory (remember those?), is at the junction of several energy sources.

Keystone NAP says it will address "the underserved Mid-Atlantic market," a theme mentioned by other recent entrants into the area and generally confirmed by industry analysts. It also says Keystone NAP will be the first "advanced data center in the Northeast capable of meeting the needs of today's web-scale enterprises."

Keystone NAP, which received Series A1 funding from a group of Philadelphia investors led by Ira Lubert (of LLR Partners and other Philadelphia-area investment groups) and other investors arranged by DH Capital, plans an early 2015 opening.

Keystone NAP has also formed important network connectivity partnerships, Ritz told me in a phone interview. With networks built out directly to the Keystone NAP site, Sunesys and Comcast deliver dedicated bandwidth to Keystone NAP customers through independent dual feeds entering the facility from opposite sides of the campus. Through Sunesys, customers also gain access to diverse, carrier-neutral and redundant dark fiber routes to New York, New Jersey, Philadelphia, Northern Virginia and Chicago

Other new entrants into the Philly-area market include well-funded TierPoint, which acquired both the former Philadelphia Technology Park in June and Xand, an operator of data centers in the Northeast with three locations near Philadelphia, in October.

DH Capital, which is a huge player in financing data center deals, was also involved with the debt financing for TierPoint's acquisition of Xand.


Philly Tech News Tweets & Quotes of the week 11/16/2014






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"Let me put it in plain English, Uber." "This is your last chance with this commission ... to abandon its anarchist ways and to finally become a responsible, lawful corporate citizen."
-PUC board member John H. Cawley, after reluctantly voting yes to proposal to grant two-year license to Uber X allowing it to operate in Pennsylvania (but not Philadelphia).



Comcast CEO Brian Roberts: Comcast/Time Warner Cable merger going "full steam ahead."

"There is one important technical legal difference of opinion between the President and Comcast: we do not support reclassification of broadband as a telecommunications service under Title II."
-Comcast EVP David L. Cohen in Comcast blog Comcast Voices.




"The momentum is the shift of power from the enterprise to the consumer, [from] the Information Age to the Age of the Customer.”.... Companies are now “in an arms race to build customer service [and experience] access across multiple channels.”
Jonathan Brassington, CEO of Wayne-based LiquidHub, quoted in VentureBeat on the attraction of digital marketing firms to technology integrators.

"The Philadelphia region doesn’t have enough great companies, nor great entrepreneurs, to justify their 70-minute train ride or flight down from NYC or Boston."
-Michael Kopelman, General Partner, Edison Partners, paraphrasing the comments of a panel of out-of-town investors at 2014 IMPACT Capital Conference last month in
Philadelphia.



Philly Tech People News 11/16/2014







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SEER Interactive Founder Wil Reynolds Joins Board of Philly Startup Leaders (Business Wire)

Phila. leaders are major players on Wolf transition team (Philadelphia Inquirer)



Gov. Christie's chief of staff stepping down to join local health system (Philadelphia Business Journal)

AMETEK Announces Two Executive Appointments (PR Newswire)



RAM Technologies, Inc. Adds New Director of Implementation Services to Support Record Growth (PR Web)

Tech Leader Chris Miles Forecasts 2015 = Year of Business Productivity Software (Business 2 Community)




The company that could be Alibaba's Trojan Horse in the U.S. (Fortune)

Rosetta is changing, but Cleveland stays in plans (Crain's Cleveland Businesss)


SAP President of North America Jennifer Morgan discusses her vision for the company with Fox Business' Maria Bartiromo (video)






Simple SAP – the Plattner perspective (Denn Howlett/Diginomica)

The fall of SAY Media is a sign the barbell effect is increasing (Gigaom)


Edison Partners returns fire at out-of-town critics at IMPACT '14, but tends to find most of its own deals elsewhere



Tom Paine



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In a blog post entitled "Where's the Love for the City of Brotherly Love?", Edison Partners (Lawrenceville, NJ) General Partner Michael Kopelman wrote about how a panel of out-of-town VCs at 2014 IMPACT Capital Conference in Philadelphia late last month "dissed"(my words) the Philadelphia startup scene, paraphrasing their comments as saying "the Philadelphia region doesn’t have enough great companies, nor great entrepreneurs, to justify their 70-minute train ride or flight down from NYC or Boston."

The purpose of having an out-of-town panel(none of whom have closed a deal here) was to give Philly attendees an idea of how outside investors view the startup community here.

Kopelman then recites all the great companies Edison has helped build in Philadelphia over 30 years (true) that have been acquired, including Fiberlink (acquired by IBM), Verilogue (Publicis), Cadient (Cognizant), VirtualEdge (ADP), and Octagon (Accenture).

But Edison has not invested in a Philly metro-based company in quite some time. In fact, going through Edison's own funding announcements and CrunchBase I didn't find a single one going back to 2010, when there were follow-on rounds in some existing portfolio companies (including Health Market Science, which coincidentally announced today it was being acquired. Please let me know if I missed any.) There aren't too many Philly firms remaining in Edison's portfolio other than Neat Company, which I recently profiled. Also, there's Hamilton, NJ-based Billtrust, which took on Bain Capital Ventures as its lead investor two years ago, and Miria Systems of Media, PA. There were a couple of other small investments in central New Jersey.

When Edison raised its $249 million seventh fund in 2012, there were expectations it would deploy some of that capital in Philadelphia-area ventures. I'm not knocking Edison, which has an excellent track record (not believing in an overly provincial approach to VC investing), and I'm sure its people cover the region closely, but in fact most of Edison's recent investments have taken place in New York, Northern NJ, DC, with a few scattered in the midwest and south.


Links 11/13/2014: Roberts: "Full Steam Ahead" for merger; LexisNexis to acquire Health Market Science






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Comcast says Time Warner deal going 'full steam ahead' (Reuters)

Comcast CEO: "I was embarrassed" by customer service debacle (Fortune Term Sheet)

Comcast won’t join the internet TV crowd, but still looks to test video service (Gigaom)

Comcast Launches ‘Talking Guide’ for Blind and Visually Impaired (Lost Remote)


LexisNexis Announces Intention to Acquire Health Market Science (Businesswire)
Health Market Science, based in King of Prussia, had backing from Edison Partners and Cross Atlantic Capital Partners.

Is OnDeck Capital the Next Generation of Lender or Boiler Room? (Bloomberg/Business Week)
OnDeck investors include First Round Capital and Sapphire Ventures (SAP's venture arm).


Uber Gets OK for Much of Pennsylvania, Not Philly
(AP via ABC News)
UberX wins experimental license in PA(but not Philly), but must quit "anarchist ways"


Pennsylvania Pension Said to Offer $2 Billion Fund Stakes (Bloomberg)


Philly's AlphaPoint, a financial tech startup, rides the Bitcoin wave (Keystone Edge)

IMS Health turns to Amazon for hosting its cloud-based applications (GeekWire)


Links 11/12/2013: Wil Reynolds joins board of Philly Startup Leaders; Vishay lays out future vision







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LLR backs VersionOne (PE Hub)
Atlanta-based VersionOne has been backed by OpenView Venture Partners.

Obama’s call for an open Internet puts him at odds with regulators (Washington Post)


AT&T is putting its fiber deployment on ice over net neutrality — for now (Washington Post)

Comcast, Time Warner Oversold On Regulatory Worries: Analysts (Barron's Tech Trader Daily)


Vishay Focuses on the Connectivity, Mobility, and Sustainability Markets (Business Wire)

SEER Interactive Founder Wil Reynolds Joins Board of Philly Startup Leaders (Business Wire)

Meet the Mild-Mannered Investment Adviser Who's Humiliating the Administration Over Obamacare (Bloomberg)
Apparently, he's a Philly guy.

Alteva's Q3 UC revenues rise 7% amidst declining legacy voice declines (FierceTelecom)


Amazon Web Services reaches 1M business and government customers, with 40% revenue growth (GeekWire)

'The cloud is the new normal,' Amazon Web Services executive says (PC World)


SAP Seeks Silicon Valley Talent With Old-Fashioned Pitch (Bloomberg)


SmartThings to control Samsung's smart appliances (CNET)



Links 11/11/2014: SAP links up with Samsung; Neat cites seamless integration with Intuit QuickBooks Online






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Virtustream Nears $100 Million Revenue, Plans IPO in Year (Bloomberg)
Virtustream is rather closely aligned with SAP in terms of technology and running SAP applications in the Cloud, and SAP's VC arm is a major investor. In fact, I had thought that Virtustream might be a SAP acquisition candidate.

Lew Cirne’s New Relic Files to Go Public (Re/code)

SAP helps business embrace the internet of things (Beta News)

Samsung And SAP Partner On Mobile Devices For Business (TechCrunch)
Samsung's recent acquisition of IoT startup SmartThings one of the keys to partnership.

SAP hopes to help bring IoT to logistics and manufacturing (PC World)


SAP Helps Marketers Use Facebook Customer Data (Information Week)

Exclusive: Apple's enterprise assault gets into higher gear (Reuters)



AWS partners fight to fill gaps in Amazon’s hybrid cloud story (Gigaom)

Amazon Increasingly Duels Microsoft, Google in Cloud (Bloomberg)


Obama sparks fears over Comcast-Time Warner deal (CNBC)



STATEMENT ON PRESIDENT OBAMA'S COMMENTS ON THE OPEN INTERNET AND NETWORK NEUTRALITY (Comcast
Voices/Official Comcast Blog)

Canoe: 10 Billion VOD Ads Served (Multichannel News)

Neat Announces Seamless Integrations with Intuit’s QuickBooks Online (PR Web)


Links 11/10: Obama Backs Title II for Net Neutrality; Lockheed Martin wins $107 million Camden tax break approval from NJ EDA



President Obama Backs Title II for Net Neutrality in Big Win For Activists
(Re/code)


Obama: Regulate broadband Internet like a utility so it 'works for everyone'
(CNET)

Republicans Are Only Sometimes the Party of Uber (New York Times)

Uber told the state it wouldn't operate, then did (Philadelphia Inquirer)


Uber’s Next Billion-Dollar Financing Could Be A Convertible Debt Round (TechCrunch)


HEC vs HCP vs sERP – SAP’s cloud strategy all kinda works out (Diginomica)

SAP bags Microsoft cloud leader as its chief technology officer
(Computerworld UK)

Comcast Working On Next-Gen X1 Gateway (Multichannel News)

Maurice Lévy Dropped $3.7 Billion on Sapient. Now What? (Ad Week)

Lockheed Martin wins tax break approval (Courier-Post)
So NJ is paying to keep jobs Lockheed says they would eliminate otherwise?

FolioDynamix Acquired by Actua Coporation
Edison Partners Exits Next-Generation Wealth Management Platform, Delivers 6X+ Return
(PR Web)

[Safeguard Scientifics -backed] MediaMath puts funding round to work, acquires Rare Crowds (NY Business Journal: Tech Flash)

Online lender On Deck Capital files for IPO (Reuters)
First Round Capital and SAP are investors.


Philly Tech News Quotes & Tweets of the Week: Who needs CNN?; Verizon (through FiOS) destroying its own capital?











"So what happened? While we were deploying an upgrade to the X1 platform, we discovered an issue in the way the software that updates X1 was configured. We immediately stopped the deployment, and our engineers began working to identify the root cause and fix the issue," Comcast said.
-Comcast, apologizing for last week's nationwide X1 outages.



"[Consultancies] are entering our territory with some offerings which are respectable," said Mr. Levy. "We are competing and sometimes we are also collaborating." He referred to an example in which Publicis' DigitasLBi pitched for business against Accenture, and then shared another "funny case" in which Accenture is helping Publicis implement an SAP product. "There are a lot of areas where the lines are blurred. We don't know -- is it a supplier, client or competitor?"
-Publicis CEO Maurice Levy, during media call discussing Publicis' deal to acquire Sapient.

“You can’t build a company for 60 days; build for 60 years.”
-SAP CEO Bill McDermott, speaking on SAP’s recent performance to Technically Philly’s Christopher Wink during IMPACT '14 Conference in Philadelphia.


Tweet by early Half.com associate Chris Fralic, now a partner with First Round Capital.


Phiily Tech People News 11/9/2014: Neat, Rosetta name new CEOs; SAP grabs new CTO from Microsoft







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The Neat Company Names Jeff Dickerson Chief Executive Officer (PR Newswire)


Rosetta Names Eric Healy CEO (MediaPost)
Joined Rosetta from Sapient, which just agreed to be acquired by Rosetta parent Publicis, a few months ago. Rosetta is based in Hamilton, NJ.

Philly.com Hires Next City Editor
Diana Lind will be director of digital audience development.
(Philadelphia Magazine)
Headline confused me a bit; thought Philly.com might be hiring its next city editor.

NBC Owned Stations Names Sarah Glover Head of Social Media (MediaBistro)
Comes from WCAU.

People moves: DreamIt Ventures CEO Kerry Rupp to step down and focus on fund
(Med City News)

BenefitVault Co-Founder Eric Raymond Stepping Down as Chairman and CEO; Cary W. Toner CLU, ChFC Named as Replacement (Press Release)

Cloudamize Adds to Executive Team With Experienced Leaders from Hewlett Packard and Amazon Web Services (PR Web)


SAP Hires Former Microsoft VP To Be Its New CTO (Redmond Channel Partner)

Comcast Hires Garcia To Multicultural Services Post
Last Served As GM Of Yahoo’s U.S. Hispanic Business
(Multichannel News)

QVC host Lisa Robertson rocks shoppers by announcing she's quitting (USA Today)

QVC Promotes Ken O'Brien to Senior Vice President, Merchandising (MarketWatch)








New York PSC to vote on Comcast merger Thursday (Albany Times-Union)

The future of SAP Business Applications (John Appleby/SAP Community Network)

Why Retailers Should Stop Selling Loyalty ( Andy O’Dell, Co-founder and Chief Strategy Officer, Clutch/SAP Blogs)




New Uber Funding Round Could Value the Company at $25 Billion (Re/code)

SAP acquisition of Concur expected to close on Dec. 4 (GeekWire)


Veeva Vault eTMF selected by Princeton-based inVentiv Health Clinical for clinical trial master files


Tom Paine



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inVentiv Health Clinical, a leading global supplier of drug development services, announced last month it will replace its electronic trial master file (eTMF) with Veeva Vault eTMF. Cloud-based, multitenant Vault eTMF, Veeva says, "delivers secure, instant access to inspection-ready documentation and enables seamless collaboration between inVentiv, trial sponsors, and trial sites worldwide - ultimately helping to speed time to submission and product approval."

inVentiv Health Clinical, Princeton, one of the world's largest CROs (contract research organizations), is a unit of Massachusetts-based inVentiv Health.

Vault eTMF is a component of Veeva Vault, a cloud-based platform and suite of integrated content management applications for the life sciences industry. Veeva Vault is a product of Veeva Systems (NYSE: VEEV), the cloud-based life sciences company that is based in Silicon Valley but maintains its east coast office in Radnor. While Veeva's CRM software, its initial and most established offering, is built on Salesforce's Salesforce1 platform, Veeva built Veeva Vault on an entirely proprietary platform.

Vault eTMF is preconfigured with the Drug Information Association (DIA) TMF Reference Model for a repeatable framework across the enterprise. It supports inspection-readiness with workflow, reports, and dashboards, plus features robust audit trails and an auditor role that supports remote inspection capabilities for sponsors and health authorities.

People who follow Veeva Systems have been watching its ability to gain traction for its new offerings as a key indicator of future growth. In Q1 FY 2015 ending April 30,2014, Veeva Vault and Veeva Network (a cloud-based customer master solution) together accounted for more than 10% of revenue, the company reported, after total non-CRM revenue accounted for about 5% in FY '14. Veeva says it now has more than 100 customers on Veeva Vault.

Veeva introduced Veeva Vault more than two years ago, and Veeva Vault eTMF followed somewhat later.

Veeva replaced a major competitor in the eTMF market, EMC Documentum, at InVentiv Health Clinical. Several Philly-area vendors also offer eTMF solutions to varying degrees, including NextDocs, Wingspan, PhlexGlobal, and ePharma Solutions, though Veeva says few others offer both the content management system platform with the clinical healthcare-specific capabilities integrated with it as Vault does.

Many organizations have outmoded systems for eTMF or use combinations of spreadsheets and paper. More than 32% of TMF owners surveyed in the Veeva 2014 Paperless TMF Survey: An Industry Benchmark report released in September report they will grant auditors remote access to their eTMF by early 2015, versus the 16% who provide them access today - a jump of 100%.

When I asked in an interview about future product development plans for Vault, Jennifer Goldsmith, vice president of Veeva Vault, couldn't be specific, but stressed the seamless integration planned within all Veeva Vault offerings, and with other Veeva modules. Also, Veeva Vault is very much a global offering, and its multitenant cloud architecture makes it easier to make local revisions (for language or regulatory information) for specific nations or regions.

In its most recent quarter (Q2 2015 ending July 31), Veeva's total revenues were $75.7 million, up from $49.6 million one year ago, an increase of 53% year-over-year. Net income was $9.6 million, compared to $6.0 million one year ago.