Workday acquires the team behind Pattern, a young startup founded by ex-Googlers (TechCrunch)
First Round Capital one of Pattern's investors.

Goldman Sachs breaks down how Amazon can jump into health care (CNBC)


Retail is in 'panic mode,' says Dick's Sporting Goods CEO (CNBC)


Osage leads round in Charlottesville-based VividCortex

Tom Paine




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In a Series A-1 funding announced today, Charlottesville-based VividCortex has raised $8.5 million led by Philadelphia-based Osage Venture Partners. Bull City Venture Partners also participated in the round, as did all existing investors, including New Enterprise Associates (NEA) and Battery Ventures.

While another earlier OVP investment, SevOne, focused on an enterprise's network performance, VividCortex concentrates on database performance. VividCortex’s Database Performance Management platform provides insights into database workload and query performance, enabling teams to proactively resolve database issues faster, the company says. It claims customers such as DraftKings, Etsy, GitHub, SendGrid, Shopify, and Yelp.

OVP Partner David Drahms has been appointed to the VividCortex Board of Directors. To date, VividCortex has raised $15 million.

OVP might disagree, but I see in it leading this round with such prestigious partners to be perhaps a sign that it is becoming more widely visible in the enterprise software investing space.

Read the press release.




CT's Horizon stakes Philly's WebLinc (Hartford Business)

Agilence Receives US$4m in Financing (Finsmes)

Verizon Video Woes Pile On (Light Reading)





8/14: Hulu, FICO go with AWS; Comcast Launches DOCSIS 3.1 in Philadelphia, Baltimore




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Hulu Rolls With Amazon’s Video Cloud (Multichannel News)

AWS infrastructure is now behind three main streaming media providers (ZDNet)


Comcast Launches DOCSIS 3.1 in Philadelphia, Baltimore (Multichannel News)


Domain name registry Donuts raises $110M in financing to help fund $213M acquisition of former rival Rightside (GeekWire)
Radnor-based TL Ventures led a $54M Series C in Donut in 2015.

What Is SoftBank's Endgame in the U.S.? (Hollywood Reporter)

Wasting millions on failed tech upgrades hurts Philadelphians (OpEd/Philly.com)



Weekend Highlights: Uber Board Considers 3 Investment Offers to Buy Company’s Shares ; How Nutrisystem lost flab and got into fighting shape




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Altice Is Considering Seeking Equity Funds for Charter Bid (Bloomberg)

America's 'Cable Cowboy' Lays the Groundwork for Internet Dominance Beyond the U.S. (Dow Jones)


SoftBank’s Plan B: Win over Uber investors who aren't Benchmark (Recode)

Uber Board Considers 3 Investment Offers to Buy Company’s Shares (NY Times)


The HR process is filled with bias, and SAP is selling tech to change that (Quartz)

How Nutrisystem lost flab and got into fighting shape (Philly.com)
Nutrisystem must be on a PR offensive, had a simultaneous feature article in the WSJ (subscription).





8/11: After the Seeso is over: TuneIn raises $50 million led in part by Comcast Ventures




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Seeso postmortem: Stop treating OTT like linear TV, analyst says (Fiercecable)

Nokia Wants To Demo Its Small Cell Technology for Comcast (Wireless Week)

TuneIn Raises $50 Million to Prove Online Audio Can Make Money (Bloomberg)
Comcast Ventures one of the leads. Always wondered if Comcast should have a radio strategy, in spite of that segment's problem.
TuneIn seems to be monetizing radio content over the internet that used to be free, which I don't particularly like.


Some startup founders are ‘nervous’ about dealing with Benchmark after it sued Uber (Recode)

Exclusive: Uber shareholder group wants Benchmark off board (Axios)

Blue Apron is stuck in a dangerous cycle that has nothing to do with Amazon (Recode)






8/10: Benchmark Capital sues Travis Kalanick for fraud; Payment giant PayPal buys Philly-area's Swift




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Scoop: Benchmark Capital sues Travis Kalanick for fraud (Axios)

Longtime Uber exec Ryan Graves to leave company but remain on board (LA Times)
"It was also Graves, the CEO at the time, who brought in the venture capital firm First Round Capital as Uber’s first big investor."
Maybe so, but I had always assumed it was Josh Kopelman's prior relationship with Garrett Camp through StumbleUpon that led to the connection.

Blue Apron Stock Is Now Worth Far Less Than One of Its Meals (Bloomberg)

Payment giant PayPal buys Philly-area's Swift
(Philly.com)
This is very interesting.


Why Everyone Is Hating on IBM Watson—Including the People Who Helped Make It (Gizmodo)

Amazon could start selling event tickets in the U.S. (TechCrunch)

Rethinking ERP buyers, from cloud ERP to vendor selection – with Gabriel Gheorghiu (Diginomica)

Salesforce’s Disruptor Won’t Be A CRM Company (Tom Tunguz)
Microsoft would be a good bet, by his thesis.




8/9: SunGard LBO Shines In Its New Home; PRA to buy Conshohocken-based Symphony Health for $530M+



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That Once-Troubled SunGard LBO Shines In Its New Home (Bloomberg)


PRA to buy Conshohocken-based data and analytics company for $530M+ (Triangle Business Journal)
Symphony Health.

AG SOFTWARE COMPANY GRANULAR ACQUIRED BY DUPONT
(Agriculture.com)
Granular had raised $25 in two rounds, according to CrunchBase.

Altice weighing takeover offer for Charter: sources (Reuters)



Birchbox has held acquisition talks with several retailers, including Walmart (Recode)


8/8: Softbank and Its Vision Fund Are Investing $1B in Fanatics; How Major League Baseball Is Disney’s Secret Weapon Against Netflix




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UPDATE: Softbank and Its Vision Fund Are Investing $1B in Fanatics - DJ (Street Insider)

SoftBank invests $1 billion in sports e-commerce firm Fanatics: sources (Reuters)

How Major League Baseball Is Disney’s Secret Weapon Against Netflix
(Fortune)


Departure of Ruckus channel chief confirms Arris’ confidence in pending takeover, insiders say (FierceCable)

So about this Dell digital transformation story. Pivots. (Redmonk)

Philly wastes time, money on computer system upgrades (Philly.com)

Fidelity Brings Bitcoin Tracking to Traditional Investor Portfolios (CoinDesk)



8/7: Uber co-founder says Kalanick is not coming back; Cloudamize's return to its investors




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Uber board member and co-founder Garrett Camp says Travis Kalanick is not coming back as CEO (Recode)

Dish misses profit expectations but limits subscriber losses (Reuters]

Analysts want answers on ESPN’s OTT service (SportsBusinessDaily)

How Cloudamize yielded '52% a year' for local investors (Philly.com)

Square Mile Lends $91M on Booming Philly Suburb Office Space (Commercial Observer)`

Boxed Pays for Worker Weddings. Will the Perk Survive Automation? (Blooomberg}





Weekend Highlights: V-22 Osprey crash in Australia; Vertex in new King of Prussia headquarters




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The V-22 Osprey: A Crash Decades in the Making (Fortune)
V-22 Osprey built by Boeing at Ridley Park, Delco.


Salesforce's second-largest business just hired its fourth new leader in four years as growth slows (CNBC)

Blue Apron falls on misleading layoff reports (Marketwatch)



Activist Ackman Looks for Board Seats, Better Returns at Payroll Firm ADP (NY Times)

Dow, DuPont Set Aug. 31 for Closing of Historic Chemical Merger (Bloomberg)

Vertex settles in to new King of Prussia headquarters (Daily Local News)



Thoma Bravo to Acquire Malvern-based Frontline Education (Press Release)


Thoma Bravo to Acquire Frontline Education
Transaction Marks A Significant Investment In Education Technology by Leading Private Equity Firm

Thoma Bravo (PRNewsfoto/Thoma Bravo)
NEWS PROVIDED BY
Thoma Bravo
12:06 ET
SHARE THIS ARTICLE

SAN FRANCISCO and MALVERN, Pa., Aug. 4, 2017 /PRNewswire/ -- Thoma Bravo, a leading private equity investment firm, today announced that it will acquire Frontline Education ("Frontline"), an integrated insights partner serving more than 12,000 educational organizations across America. The transaction is expected to close late in the third quarter of 2017, subject to usual and customary closing conditions and regulatory approvals. Insight Venture Partners, a prior investor in Frontline, will retain a minority stake in the company. Financial details of the transaction were not disclosed.

Frontline, with its awarding-winning administrative and HR software solutions, serves more than 12,000 educational organizations across America, and enables them to make evidenced-based decisions that drive better outcomes for both educators and students. Across North America, major educational organizations rely on Frontline's trusted solutions, with more than 5 million education employees and 1.2 million substitutes logging into its systems on a daily basis.

"This investment by one of the nation's most astute evaluators of technology companies is extremely gratifying," said Tim Clifford, President and Chief Executive Officer of Frontline Education. "We are a company of people passionately devoted to K-12 education, and our partnership with Thoma Bravo will allow us to become even more valuable to educators, school districts, communities and, most importantly, students."

"Under Tim's leadership Frontline has become one of the preeminent technology solutions providers focused on the human capital needs of K-12 school districts," said Holden Spaht, a Managing Partner at Thoma Bravo. "We look forward to supporting the company's growth, both organically and through strategic acquisitions, while maintaining the high level of customer service for which Frontline is known."

Brian Jaffee, a Vice President at Thoma Bravo, added: "Frontline is an incredible organization. We are thrilled about the partnership and the opportunity to work with the management team to help enhance Frontline's market-leading platform of HR and administrative software solutions for the K-12 market."

In the past three years, Frontline Education has significantly expanded its solutions-based portfolio through organic growth and 10 strategic acquisitions. The businesses acquired by Frontline Education have been similarly mission-driven to improve outcomes in K-12 education.

"Our relationship with Insight Venture Partners has built incredible momentum for Frontline in our efforts to better serve the education community, and we look forward to continuing that momentum via our partnership with Thoma Bravo," said Mr. Clifford.

Frontline has approximately 650 employees in five locations around the U.S. The acquisition by Thoma Bravo is not expected to change the corporate headquarters, management team or employee base of the company.

UBS Investment Bank served as the lead investment advisor and Willkie, Farr & Gallagher LLP and Cooley LLP served as legal advisors for Frontline Education. Thoma Bravo was advised by Kirkland and Ellis LLP.

About Thoma Bravo, LLC
Thoma Bravo is a leading private equity firm focused on the software and technology-enabled services sectors. With a series of funds representing more than $17 billion in capital commitments, Thoma Bravo partners with a company's management team to implement operating best practices, invest in growth initiatives and make accretive acquisitions intended to accelerate revenue and earnings, with the goal of increasing the value of the business. Representative past and present portfolio companies include industry leaders such as Blue Coat Systems, Deltek, Digital Insight, Global Healthcare Exchange, Hyland Software, iPipeline, PowerPlan, Qlik, Riverbed, SailPoint, SolarWinds, SonicWall, Sparta Systems and TravelClick. The firm has offices in San Francisco and Chicago.

For more information, visit ThomaBravo.com.

About Frontline Education 
Frontline Education is an integrated insights partner serving more than 12,000 Educational Organizations and millions of educators, administrators and support personnel in their efforts to develop the next generation of learners. With nearly 20 years of experience serving the front line of education, Frontline Education is dedicated to providing actionable insights that enable informed decisions and drive engagement across school systems.

Bringing together the best education software solutions into one unified platform, Frontline makes it possible to efficiently and effectively manage the administrative needs of the education community, including their recruiting and hiring, employee absences and attendance, professional growth and special education and interventions programs. Frontline Education corporate headquarters are in Malvern, Pennsylvania, with offices in Andover, Massachusetts, Rockville Centre, New York, Salt Lake City, Utah and Chicago, Illinois.

Learn more at FrontlineEducation.com

Media Contacts

Thoma Bravo Media Contact:
Matthew Gorton
Hiltzik Strategies
212-776-1161
mgorton@hstrategies.com

Frontline Education Media Contact:
Andrea Fitzpatrick
484-983-8688
afitzpatrick@frontlineed.com

SOURCE Thoma Bravo



8/4: Early reports mischaracterize Blue Apron NJ layoffs, much smaller # effected




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Blue Apron is laying off a quarter of its staff (TechCrunch)
1270 jobs reported cut in Jersey City.

Blue Apron Is Closing Jersey City Facility and Moving 1,270 Jobs (Bloomberg)
To beautiful Linden. The rest of the story.

Blue Apron Corrects Layoffs Rumor: Only 470, Or Fewer, It Says (Barron's Tech Trader Daily)




Drug pricing pressure weighs on AmerisourceBergen forecast (Reuters)

SAP Says Restrictions on New Recruitment not a General Hiring Freeze (Fortune)


So What’s Up with Oracle Cloud? ( James Governor / Enterprise Irregulars)

TiVo’s Q2 revenues spike 67% after merger; ‘making progress’ on Comcast litigation (FierceCable)


Alumni from top Georgia incubator see 145% increase in funding this year (VentureBeat)


8/3: Entercom invests in podcast network Dgital Media; Universal Display Rising: Q2 Crushes Consensus




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More money for podcasting: Radio network Entercom invests in podcast network Dgital Media (Recode)

Dell Shuffles Thin-Client Exec Deck As IGEL Comes On Strong (CRN)

How Boston has transformed itself into a powerful digital health ecosystem (Med City News)

Universal Display Rising: Q2 Crushes Consensus, Raises Year Revenue View (Barron's Tech Trader Daily)

Charter has moved millions of customers to new—and often higher—pricing (Ars Technica)

She's back! Jessica Rosenworcel returns to FCC as America's net neutrality row heats up (The Register)

Uber’s Stock Price Plunged After CEO Travis Kalanick Resigned (Fortune)



8/3: Amazon's massive jobs fair in Mercer County; EvolveIP buys its way into Europe; says sales will top $100M



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Philly cloud provider buys its way into Europe; sales top $100M (Philly.com)

Alibaba moves to take on crowded US cloud market (CIODive)


Comcast has ‘global opportunity’ with home automation wholesale, Xfinity Home chief Herscovici says (FierceCable)

We visited Amazon's massive jobs fair at a warehouse in New Jersey, where people lined up around the block hoping to score a job (Business Insider)
Robbinsville, Mercer County.

Tableau’s loss shrinks as subscription sales grow (Seattle Times)
Cites improvements at Qlik and Microsoft.



"Vanguard, whose $7.5 billion U.S. Growth Fund owns shares in Uber, cut the value of its position by 15% in June" ( Fortune Term Sheet)




8/1: Unisys Combines Services, Enterprise Teams In Response To Revenue Drop; Seed funding wilting?



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Lawsuits likely if Pa. expands online sales taxation (Philadelphia Business Journal)

Unisys Combines Services, Enterprise Teams In Response To Revenue Drop (CRN)

Seed funding wilts as Silicon Valley investors fret about valuations and IPO market
(VentureBeat)

Villanova announces Master's of Accounting with Data Analytics program (Accounting Today)

How Two Brothers Turned Seven Lines of Code Into a $9.2 Billion Startup (Bloomberg Business Week)