Daily Links 6/30/2011: DreamIt Ventures teams up Ben Franklin Tech Partners, local angel investors, to keep more startups in Philly

Accelerator DreamIt Ventures gets on the cash bandwagon (Gigaom)
Aims to team up with local angels and Ben Franklin Technology Partners to keep more promising startups in Philly.
Ben Franklin press release.

Domain-name expansion likely to create turf wars (Philadelphia Inquirer)

Obama in Philly Thursday
Comcast exec, young professionals host two DNC events to raise campaign cash
(NBC Philadelphia)

Comcast Gets Two More Weeks To Respond To Bloomberg Complaint
July 13 Deadline Moved to July 27
(Multichannel News)

Scripps Sets $1 Billion Buyback in Sign Cable Programmer Won’t Seek Buyer (Bloomberg)

Why Adobe is losing the mobile development war (GoMo News)
Lancaster's appMobi introduces appFlash.

Delaware, Philadelphia advertisers team up (Wilmington News Journal)

HP: Break ‘Em Up? (Forbes: The Tech Trade)

SAP’s four dimensions of SaaS success (Enterprise Irregulars)

ShopRunner kicks up the pace
The Amazon Prime competitor plans an e-wallet and a monthly subscription option.
(Internet Retailer)
One of the important pieces left over after eBay acquired most of GSI Commerce.

Technology-in-education conference reaches out to tweeters (Philadelphia Inquirer)

Lokadot Launches Free iPhone App for Philadelphians and 'Old City' Tourists for 4th of July Weekend (PR Newswire)


More First Round Capital portfolio news; Square, RockMelt get big investments

Following up on two companies I discussed in yesterday's First Round Capital Roundup: Mobile payments processor Square has raised $100 million in a third round of funding led by Kleiner Perkins Caufield & Byers; the new financing values the company at more than $1 billion, according to the Wall Street Journal. Square also added another powerful Board member, Kleiner Perkins partner Mary Meeker. Square was founded by Twitter's Jack Dorsey; First Round Capital invested in its Series A round in 2009.

While Facebook has been working closely with social web browser RockMelt on product integration, Facebook has not invested in the startup. But now one of its major backers has; Accel Partners teamed up with Khosla Ventures and Andreessen Horowitz to lead a $30 million round. Accel's Jim Breyer will join RockMelt's board. Marc Andreessen of Andreessen Horowitz knows a little bit about browsers, having been behind the development of Netscape. First Round Capital also reinvested in this round.


First Round Capital Roundup: 6/28/2011

Plenty of things going on in the Wonderful World of First Round Capital, perhaps at even more than the usual rapid pace.

First, locally, portfolio company Monetate of Conshohocken announced the winners of its first Open Source Prize: the First Prize winner was Michael Schroeder's Rx Shortages, a mobile application designed to help doctors and hospitals access information about drug shortages. Winners get a lot of neat tech stuff and most importantly, a month's supply of pizza and Mountain Dew. The winners where honored last week in an “Open Source Open Bar” event in Philly last week.
Monetate currently has about 50 employees and hopes to have 100 one year from now if it can find the engineers it needs locally, the Inquirer reports.

Still curious about the lack of an announcement on First Round's apparent investment in Radnor's Relay Network, although First Round, NewSpring and ICG are clearly listed as investors on Relay's website. I reported on the disappearing Wikipedia entry for Relay back in April.

New Hope-based myYearbook cofounders (and siblings) Catherine Cook and CEO Geoff Cook were named Ernst & Young Entrepreneurs Of The Year for the Greater Philadelphia area. Catherine Cook was still in high school when she help start the company, which says its annual revenue run rate is now at $30 million.

More on the Channel Intelligence/Click Equations deal: CEO Lucinda Duncalfe Holt (who is changing her name to Lucinda Bromwyn Duncalfe-not a divorce, as she explains here) is moving on; President Craig Danuloff will become Chief Product Officer at Channel Intelligence. The two companies have had a client relationship for years and have both been in ICG's portfolio, though I'm not sure how exactly they fit together or what the future plans are for Click Equations under Channel Intelligence. ClickEquations had 12 employees at the time of the deal, according to an article in the Inquirer.

First Round Managing Partner Chris Fralic gives us a photographic portfolio of the signs that carry the names of some Bucks County estates, a place "where people excessively name their houses", he says.

Going on elsewhere: Josh Kopelman participated in a VC panel at the Churchill Club in California earlier this month, talking about how he pitched and didn't pitch Half.com, among other things. The Wall Street Journal writes about Silicon Valley's Alpha Club, a networking group for entrepreneurs that First Round helps fund.
First Round's Charlie O'Donnell reports on "Dinner with Werner" (Amazon Web Services' CTO Werner Vogels that is) with some First Round people recently.

Mobile payments startup Square, in which First Round has a stake, made two very high-profile additions to its board; former US Treasury Secretary and Harvard President Larry Summers, and venture capitalist Vinod Khosla.

Portfolio company Turntable.fm is getting a lot of buzz and users; a complete pivot (as Managing Partner Howard Morgan writes) from a startup originally named Stickybits, Turntable.fm lets users play DJ and build up points based on their audiences. AdKeeper, which has raised funds at a $100 million plus valuation, fortunately says people are actually keeping online ads, which is what the service is designed to do. Facebook has teamed up with RockMelt's social web browser with an integration that Facebook apparently invested a good deal of time developing (though Facebook is not an investor in the company).

ROBLOX, a neat-sounding startup that lets kids build virtual games which simulate real life, raised a $4 million second round with First Round returning as co-lead investor. SimpleGeo has teamed up with Factual to expand its Places API; if I understand it correctly SimpleGeo is going to focus its business on its API with Factual providing more of the location data.


Daily Links 6/27/2011: Comcast may want NFL Thursday Night package

SBJ: NFL Shopping Eight-Game Thursday Night TV Package, Turner, Comcast Interested (MediaBistro)
While Comcast is definitely trying to upgrade Versus, I don't think they want to go head to head with ESPN right now, as some are writing.

Report: Hulu courting a 'range' of potential suitors (CNET News)

Ron Meyer's contract as Universal Studios president extended through 2015 (LA Times: Company Town)

FCC’s net neutrality rules about to be official, and invite lawsuits (Washington Post: Post Tech)

Safeguard Scientifics Leads $35 Million Financing for NovaSom (Business Wire)

Penn Students Leave School to Launch CourseKit With $1 Million Seed Round (TechCrunch)
Will be based out of New York, though.

Growing Philly software firm asks: Where are the engineers?
(Philly.com: Philly Deals)

ICG Commerce Acquires Neuwing Energy Ventures -- Unlocking the Many Sides of Green (Spend Matters)

Oracle Fusion Applications Pricing Revealed (PC World)

Why Google Health Really Failed—It’s About The Money (TechCrunch)

McKesson Buys Portico To Gain ACO Financial Tools (Information Week)

Marimow quits Philly Inquirer for ASU Cronkite School post (Poynter)

Bell and Howell Finalizes Sale to Versa Capital (Business Wire)
Versa Capital is a Philly-based turnaround specialist.


How Consumer Technology & User-Generated Content Are Changing Ed-Tech (ReadWriteWeb)
From ISTE'11 in Philadelphia.

Are they rising from the dot.com wreck? (Philly.com: Philly Deals)
Inquirer's Joe DiStefano on Radnor's Cross Atlantic Capital Partners, which I wrote about earlier this week.

Interview with Yoni Greenbaum of Philadelphia Media Network (Video: ScribeMedia)
Says there are other things Philly.com must do before its ready to implement paywall/metering.

Hulu Strikes Tentative Content Deals With Disney, News Corp., Say Sources (Hollywood Reporter)

Comcast has to sit on its hands while Hulu drama plays out (LA Times: Company Town)

Google Health Creator Adam Bosworth On Why It Failed: “It’s Not Social” (TechCrunch)

User Research : The Academic - Practitioner Divide (Henken Bean)
Report on last week's PhillyCHI meeting.

Computerworld's "BEST PLACES TO WORK IN IT": UPenn #6

Computerworld's annual BEST PLACES TO WORK IN IT issue is out, and it pretty much includes the usual suspects. I sometimes wonder whether they just take the previous year's list and rearrange it slightly to make it look different; actually Computerworld describes its selection process as being rather methodical, including survey responses from almost 30,000 employees in the top 100 companies. UPenn ranks 6th, Computerworld citing its benefits program and its "Models of Excellence" employee-recognition program.

Other Philly area companies/organizations include the Lehigh Valley Health Network of Allentown (20), The Vanguard Group of Malvern (29), which has over 2200 IT employees, Heartland Payment Systems of Princeton (30), which a couple of years ago was the victim of what was perhaps the worst hacking breach in history but has worked hard since to become a leader in cybersecurity issues, American Water of Vorhees (43) and Temple University of Philadelphia (67). Verizon Wireless (5) has many Philly-area employees and is headquartered not too far away in Basking Ridge, NJ. Penn National Insurance (96) is based in Harrisburg.

Alternatively, Computerworld offers a forum where people can discuss the "worst places to work" in IT.


Daily Links 6/24/2011: Google to shut down Google Health

What's next for Hulu? (LA Times: Company Town)

Comcast Added To Goldman Conviction Buy List; Shrs Rise (Forbes: The Tech Trade)

Supreme Court Strikes Down Ban on Data-Mining (Sorrell v. IMS Health) (MedPage Today)

Corporates outbid private equity for good assets (MarketWatch)
Says SunGard is bidder for Thomson Reuters' Kondor, names several area companies as possible bidders for Thomson Reuters' healthcare info business.

Oracle Declines After Reporting Unexpected 6% Drop in Its Hardware Sales (Bloomberg)

HANA Is HERE: 4 Things to Consider (ASUG News)

Two SMBs take different paths to SAP ERP (SAP Watch)

Google Shuts Down Medical Records And Health Data Platform (TechCrunch)
Google Blog Post

AppLabs to hire 1,000 software testing engineers (Business Standard)
Company expects about 50% revenue growth for year.

Struggling Nokia revamps ops, reels in Navteq (Reuters)
Possible implications for Navteq's Traffic.com operations in Wayne?

Lockheed Martin to Develop Automated System for Intelligence Analysts (Marketwire)

Fitch Upgrades Liberty Media and QVC IDRs to 'BB'; Outlook Stable (Business Wire)

Lawmakers Want to Block LightSquared Approval (PC World)


ISTE 2011 coming to Philly beginning Sunday

The ISTE (International Society for Technology in Education) will hold its 2011 Conference beginning this Sunday and running through June 29 at the Pennsylvania Convention Center. The ISTE describes itself as the "premier membership association for educators and education leaders engaged in advancing excellence in learning and teaching through innovative and effective uses of technology". More than 17,000 attendees are expected this year, the group says.

"Unlocking Potential" is the theme of this year's conference, which is held in cooperation with the Pennsylvania Association for Educational Communications and Technology (PAECT). Philly's Chris Lehman, founding principal of the Science Leadership Academy (SLA), will give the Closing Keynote on school reform on Wednesday afternoon.

You can check out other upcoming Philly Tech events here.


Daily Links 6/23/2011: Supreme Court rules for IMS Health in Vermont data case

Supreme Court rules for IMS Health in Vermont data case (Medical Marketing & Media)

Digitas Health, Razorfish Health to share new leadership, global team, in efficiency-driven reorg (Medical Marketing & Media)
No immediate staff reductions indicated, despite rumors.

Oracle net tops views, but shares sink
Decline in hardware sales misses company’s earlier forecast

Oracle Reports Q4 GAAP EPS Up 34% to 62 Cents; Q4 Non-GAAP EPS Up 25% to 75 Cents
Q4 Software New License Sales Up 19%, Q4 Total Revenue Up 13%

Fidelity National in Talks to Buy U.K.’s Misys (Bloomberg)
SunGard, which bid on Misys in 2006, not said to be involved in talks now.

Exclusive: Top ISPs poised to adopt graduated response to piracy (CNET News)

Viacom files suit against Cablevision over iPad application (LA Times: Company Town)

Comcast Praises Republican Regulatory Reform Effort
Joins Verizon and others in weighing in on FCC reform hearing
(Broadcasting & Cable)

Up for Another Round of “Where’s Léo?” Why HP’s Lawsuit Is a Gift for Oracle. (All Things Digital)

Cloud World Forum: Dell outlines its controversial cloud strategy (computing.co.uk)
Dell Boomi's Bob Moul addresses Cloud World Forum in London.

Dell Acquires Cloud Memory Startup RNA Networks (ReadWriteCloud)

With Terremark, Verizon’s cloud isn’t “one size fits all” (Gigaom)

How Jack Abraham Is Reinventing EBay (Fast Company)
Wharton student whose startup Milo was acquired by eBay last year.

EBay Plans Fulfillment Service for Sellers (Wall Street Journal: Digits)
Still confused as to what parts of GSI Commerce's fulfillment business eBay actually acquired.

We Have Winners! The Monetate Open Source Prize goes to… (Monetate Blog)

Amid Reports Of IPO Plans, Chegg Acquires Lecture Note Marketplace Notehall [a DreamIt Ventures-backed company] (TechCrunch)


Daily Links 6/22/2011: Hulu is looking for buyer; McKesson to acquire Portico Systems for $90 million

Source: This Hulu/Yahoo Story Is BS (TechCrunch)

Who Might Buy Hulu? Let the Guessing Begin! (Wall Street Journal: Deal Journal)
Update: Hulu puts itself up for sale, retains investment banks (LA Times: Company Town)

Safeguard Scientifics Announces That McKesson Will Acquire Portico Systems for $90 Million
Sale of Healthcare IT Company Expected to Generate 4x Cash-on-Cash Return for Safeguard
(Business Wire)
Another in a string of successful exits for Safeguard. Blue Bell-based Portico Systems was co-founded by CEO Ned Moore and CTO Scott Fraser.

McKesson to Acquire Portico Systems for $90M – Represents Safeguard’s Fourth Exit Transaction in Six Months (Safeguard Scientifics Blog)

Octagon Research Solutions, Inc. Expands – Adding 100 Jobs in the US, EU and Asia Pacific Regions (Octagon Research Solutions Press Release)

[Camden-based] Real Estate Mobile App Developer Smarter Agent Raises $6 Million (TechCrunch)

Interview: SAP Ventures to Add to India Portfolio (Wall Street Journal)

The SEC defines 'venture capital' (Fortune)

Radnor's Milestone Partners Plots New Fund (PE Hub)

Reid’s top aide got $1.2M from Comcast (Politico)
After he left Comcast and joined Reid's office (as part of exit agreement).

AT&T Targets Comcast In S.F. Bay Area With 1 Million U-verse Homes Passed (Multichannel News)

Comcast Targets FiOS Frontier Customers
Comcast Ads Accuse ISP of 'Pulling the Plug'
(Broadband Reports)

The Human Genome—Now on an iPad® Near You (PR Newswire)
New app from CHOP.


Radnor's Cross Atlantic Capital Partners invests in RootStock Software, is raising new fund

Radnor-based VC firm Cross Atlantic Capital Partners, which I profiled last year, announced earlier this month it had invested in RootStock Software, a San Ramon, CA-based developer of SaaS (Software as a service) manufacturing software for the mid-market. The amount of the investment was not disclosed.

Founded in 2008, RootStock's principal go to market strategy to this point has been through a partnership with SaaS Cloud ERP vendor NetSuite. Cross Atlantic was also an investor in NetSuite prior to its going public, although that relationship is not how its investment in RootStock came about, according to Cross Atlantic (XACP for short) Chairman, CEO and founder Donald Caldwell. Rootstock currently has 12 employees and 24 customers, according to Pat Garrehy, its founder & CEO. NetSuite has been actively marketing it as a "white label" solution under the Netsuite umbrella for about six months.

While its relationship with NetSuite has limited the amount of resources RootStock has had to invest so far on client-side activities, Garrehy says the company is definitely looking to expand to other SaaS platforms, including those of Salesforce and possibly Workday. Caldwell says Cross Atlantic probably would not have invested in RootStock if it wasn't for the additional opportunities these other platforms offer.

Rootstock provides applications such as manufacturing requirements planning (MRP) and other functions related to production management for discrete manufacturers. Its principle (more) established competitor in the SaaS manufacturing space is Plex. Other more traditional competitors coming from the on-premise side are trying to make the transition to SaaS, with varying degrees of success. Of course, SAP AG, with its Business ByDesign platform, would like to become a major factor there. But everything I'm hearing about SaaS indicates that the pace of adoption is quickening, even in mission critical applications, despite the skepticism of some (see Is SaaS the key to cloud revenues? ).

Rootstock's value is in its very specific manufacturing expertise (Garrehy previously founded ERP software firm Relevant Business Systems, which was later acquired by Consona). Although Rootstock has been marketed through Netsuite, it built its own proprietary SaaS technology, one that "pushes a lot of data in-memory", Garrehy says. Although many applications probably don't do as much work in-memory as is sometimes implied, he says, in-memory techniques
have helped Rootstalk significantly reduce processing times for many tasks.

Although an article in Forbes early this year had listed Cross Atlantic among "Zombie Venture Capital Firms" because it had not announced a fund raise since 2005, Caldwell is at work on the early stages of raising a new fund. Pension & Investments reported (registration required) this month and Caldwell confirmed that a previous partner, the Pennsylvania State Employees’ Retirement System (PennSERS) has committed up to $20 million to Cross Atlantic Technology Fund III.

Two Philly-area portfolio companies worth watching are Voxware of Hamilton, NJ and InsPro Technologies of Eddystone, PA. Voxware, which provides a voice-picking application for warehouses, had gone public and perhaps expanded too quickly before its market was ready, so Cross Atlantic took it private again late last year, scaled it back and invested an additional $2 million. It remains a promising venture. InsPro Technologies grew out of an insurance agency for health, life, and annuities insurance; the company developed a SaaS platform to manage the sales/service process and eventually jettisoned the agency to focus on marketing the technology.

As for the "bubble" question, Caldwell thinks there may be signs of that in the social media and green tech sectors, but Cross Atlantic focuses mostly on the enterprise sector which has been relatively immune to this point.


Daily Links 6/21/2011: Comcast says it will cut waits for cable service

Is the NJ Data Center Market Facing Oversupply? (Data Center Knowledge)

SAP's HANA in-memory analytics engine now available (Computerworld)

HANA is here...innit? (ZDNet Blogs)

Comcast Will Slash Wait Times for Cable Repair After ‘Worst’ Designation (Bloomberg)

Comcast CEO: “Jury is Out” on Netflix’s Impact (Wall Street Journal: Digits)

Comcast CEO Brian Roberts Speaks Out on Bloomberg FCC Complaint, NBC News (MediaBistro: TVNewswer)

(Report):Hulu Considering Selling Itself After Receiving An Offer (Silicon Alley Insider)

Hulu weighs sale options after approach: source (Reuters)
LA Times headline says Yahoo is the bidder, though article isn't so clear on that.

NextDocs Announces Creation of Life Sciences Scalability Lab
New lab to allow Microsoft clients and partners to test scalability and reliability requirements of solutions prior to deployment
(Business Wire)

Poptent Opens Brazil Office, Surpasses $2 Million in Creator Cash Payments during Dell Video Advertising Campaign (Business Wire)

Bulletin: Gannett announces 700 newspaper layoffs (Gannett Blog)

IBM's Netezza rolls out large-scale analytic appliance (Computerworld)

University of Pennsylvania/MAGPI to Provide Advanced Networking, Applications, Demonstrations at ISTE 2011 Conference (Penn News)

Daily Links 6/20/2011: eBay completes GSI Commerce acquisition

eBay Inc. Completes Acquisition of GSI Commerce (Business Wire)

eBay + GSI Commerce. Deal Closed! (GSI Commerce Blog)

ProtonMedia Raises $4.5 Million in Series B Financing Led by Kaplan Ventures
Kaplan EduNeering concurrently forms strategic reseller partnership with ProtonMedia
(Business Wire)

Virtual World Technology Developer ProtonMedia Raises $4.5 Million (TechCrunch)

iControl raises $50M from Intel, Cisco, Comcast, Kleiner (Gigaom)

Comcast Digs In at 30 Rock: Communal Toilets, Buffet Dining and Where's G.E.? (The Wrap)

The NBC News/CNBC Exodus, Why Is So Much Top Talent Leaving The Network? (Mediaite)

Powell: Comcast/NBCU Merger Net Positive for Industry
Not sure how having both under same NCTA tent will shake out
(Broadcasting & Cable)

Comcast Using Juniper, Ciena Metro Ethernet Gear
MSO Offers Services Aimed at Midsize Businesses in 20 U.S. Markets
(Multichannel News)

What's Wrong with Enterprise Software Anyway? (Read Write Web)

Is SaaS the key to cloud revenues?

New Oracle Health Care Platform Provides Unified View of Drug Trial Data (eWeek)

New technology to fight Medicare, Medicaid fraud announced in Philly (Philadelphia Inquirer)

DuckDuckGo: popular search engines don’t offer true search results


SageTV HTPC software acquired by Google, next stop Google TV? (Engadget)

Pharma digerati push for online guidelines (Medical Marketing & Media)

Delaware banks: ING sold to Capital One (Wilmington News Journal)

Daily Links 6/17/2011: More cuts coming at Digitas Health?

Digitas Health: Cuts Coming (MediaBistro: AgencySpy)

Genetic technology company moves to San Diego (San Diego Union-Tribune)
A bit more detail on why BioNanomatrix is moving its headquarters out of Philadelphia (because of a stronger genetic technology ecosystem in San Diego, the company says), and what will remain behind in Philadelphia.

SAP’s Conflicted Relationship with Customer Choice (ASUG News)

SAP's strategy shaped by 3 megatrends
Mobile, big data, cloud drive opportunities for SAP
(Washington Technology)

Under Pressure, Salesforce Steps Up Acquisitions (Dow Jones VentureWire)
Quotes local startup Visibiz's Chief Executive Ami Assayag.

Falcone’s LightSquared in Deal With Sprint (Bloomberg)

Blackboard Shareholders Seen Losing 50% Gain With Private Equity: Real M&A (Bloomberg)

Angelo Gordon Makes A Take-Private Play For Battery Maker [Blue Bell's C&D Technologies] (Dow Jones LBO Wire)


What will ING Direct USA's acquisition by Capital One mean for its future?

               ING Direct Cafe in Philadelphia (Source: ING Direct)

Capital One to buy ING's U.S. online bank (Reuters)
ING Press Release

Will this acquisition be a net plus or minus for Wilmington over time? ING Direct has been a very innovative, well run, and consumer friendly business. Will Capital One screw it up?

Capital One to buy ING Direct for $9 billion
(Wilmington News Journal)

Capital One plans $90M cost cuts at ING Direct: Update (Philly.com: Philly Deals)

Capital One Buys ING Direct, and Customers Start to Freak Out (Time: Moneyland)


CableShow Wrap

CABLESHOW-Shadow of Silicon Valley looms over cable crowd (Reuters)

Comcast's New Products Aim To Bring Digital Media To Cable TV (Dow Jones Newswires via NASDAQ.com)

First look at Comcast’s enhanced TV service with Facebook integration (VentureBeat)

Cable Executives Confident Despite Signs Of Economic Glitch (Dow Jones Newswires via NASDAQ.com)

Wires staying primary for media delivery: Motorola (MarketWatch)

Time Warner Cable Considers Usage-Based Internet Billing

Daily Links 6/16/2011: Philly Fed Index drops; Capital One reported winner of Wilmington's ING Direct

Ernst & Young Entrepreneur Of The Year 2011 Greater Philadelphia Award Winners Announced (Business Wire)

June Philly Fed index drops into negative level (MarketWatch)
Not a good sign.

Philly Fed factory activity lowest level in 2 years (Reuters)
Philly Fed Press Release

Churchill Club podcast: Venture capital roundtable 2011 (ZDNet Blogs)
First Round Capital's Josh Kopelman was on the panel. Very interesting listen.

Capital One Near Takeover of ING Direct USA (Bloomberg)
Update: deal reported to be reached.

Providence Equity Partners Is Said to Be Leading Bidder to Buy Blackboard (Bloomberg)
Some analysts had suggested that SunGard, through its SunGard Higher Ed unit, might have been a possible bidder. (Although its worth pointing out that Providence Equity was a major investor in SunGard's LBO.)

WPCS agrees to be bought by DirecTV installer Multiband (Philadelphia Business Journal)

Alan Haberman, Who Ushered In the Bar Code, Dies at 81 (New York Times)
Implemented technology that had been pioneered earlier at Drexel.

WCI Consulting Expands to Philadelphia
Business Intelligence Provider Establishes East Coast Presence
(Business Wire)


Philly loses BioNanomatrix headquarters to San Diego

BioNanomatrix today announced it had opened its new headquarters offices in San Diego, although it will maintain its Philadelphia offices. The company, which is developing a nanotechnology-based single-molecule imaging platform for low-cost whole genome analysis, had announced plans to add a West Coast presence when it closed a $23.3-million Series B round (pdf) of equity financing earlier this year. It had not been clear at that time, however, that BioNanomatrix would be relocating its headquarters.

CEO Dr. R. Erik Holmlin said in a statement "that while a number of key employees are moving from Philadelphia to San Diego, the company’s East Coast office will remain 'an important site for ongoing research and development' of its systems in the field and support for users". BioNanomatrix also named two new key executives today.

BioNanomatrix was spun out of a research project at Princeton by its founder, Chief Scientific Officer Han Cao, in 2003. It is not clear whether Dr. Cao is relocating to San Diego. The company's headquarters have been located at Philadelphia's University Science Center. Ironically, its new headquarters will be at San Diego's University Science Center.

Chris Saridakis to Head GSI Commerce Once eBay Acquisition Closes (All Things Digital)

Is ING Direct Ready to Name a Buyer?
ING Groep's board of directors reportedly ready to meet to discuss the sale of its U.S. online bank division.
(Bank Systems & Technology)
Capital One, said to be a leading bidder for ING Direct, has also bid for HSBC's US credit card business, the Wall Street Journal reports (subscription required).

Context Capital Ups Bet On Betzwood (FINalternatives)
I wrote about Bala Cynwyd-based Context's initial investment in Betzwood last year.

H-P sues Oracle over Itanium 'strong arm' tactics (MarketWatch)

FieldView raises US$2m to boost market share (DatacenterDynamics)
Philly's Osage Ventures joins round in Edison, NJ startup.

Cherry Hill's icueTV teams up with Groupon at The Cable Show

icueTV, the Cherry Hill-based provider of an interactive apps platform for cable tv, will team up with Groupon today to demo an interactive app which TV viewers can use for Groupon, the Chicago Tribune reports.

The application will enable viewers to subscribe to Groupon using their remote controls. The Tribune story says the demo will not show a user being able to sign up directly through the TV for an actual voucher, "but icueTV technology does encompass this kind of functionality". No word yet on whether this is only a demo, or if Groupon and icueTV have specific plans to roll this out.

icueTV made a lot of noise at the Cable Show two years ago, as I reported then, but has been almost invisible (publicly, at least) since then. A variety of factors, some technical and some marketing related, have slowed the adoption of interactive apps.

Channel Intelligence Announces Acquisition of ClickEquations
(Business Wire)
CI is backed by Internet Capital Group. Conshohocken-based ClickEquations has been a First Round Capital portfolio company, and also has had backing from ICG. ClickEquations has been working with Channel Intelligence for some time, judging from this 2008 press release (ClickEquations was then known as Commerce360).
Update: A little more on the deal from the ClickEquations blog. ClickEquations President Craig Danuloff will continue as Chief Product Officer at Channel Intelligence.

SAP Rolling out New Analytics for SMBs (PC World)

BioLeap Moves Headquarters and Expands Staff to Meet Demand for Its Novel Molecular-Design Services
New Jersey Company’s Proprietary Technology Serves Research For Drug Discovery, Consumer Products, and Agrochemicals
(Business Wire)

Lockheed Martin Space Systems to Eliminate Approximately 1,200 Positions (PR Newswire)
Includes cuts in Delaware Valley.

Ericsson to Buy Telcordia for $1.2 Billion (Bloomberg)
Telcordia is based in Piscataway.

The Cable Show kicks off in Chicago tomorrow

The Cable Show, the big annual cable industry trade show of the NCTA (National Cable & Telecommunications Association), kicks off officially tomorrow in Chicago and runs through Thursday. Industry trade pub Light Reading Cable expects the two major themes to be highly interrelated: IP (Internet Protocol) Video and TV Everywhere.

Expect plenty of news from Philly area companies Comcast, QVC, and Motorola Mobility's cable equipment business. On Thursday, Brian Roberts is expected to demo Comcast's "next generation video product", presumably based on the Xcalibur project that it has been rather secretly testing out in Augusta, Georgia. Motorola Mobility today announced the introduction of Motorola Televation, a broadband device that it says "works with a Wi-Fi router to allow consumers to watch live TV on a connected IP device anywhere around the home".

Other Philly-area companies exhibiting include icueTV of Cherry Hill, which provides an interactive apps platform, the Exton-based Society of Cable Telecommunictions Engineers, network performance monitoring firm SevOne of Wilmington, which counts Comcast as a major customer, and TelVue Corporation of Mount Laurel, which provides digital video servers for hyperlocal and community broadcasters.

Go here to see live event steaming.


Daily Links 6/13/2011: Comcast teams up with Skype on video chat

Comcast bringing Skype video chat into the living room (Gigaom)

Cable Operators Chip at $20 Billion Business Market as Video Growth Slows (Bloomberg)

Bloomberg to Make Good on Threat, File Comcast Complaint with FCC
(MediaBistro: TVNewser)

Moto, Comcast Team on In-Home TV Streamer (Light Reading Cable)

eBay Settles Lawsuit Over $2.4B GSI Commerce Acquisition, Deal Expected To Close This Week (TechCrunch)

Tale of two data center strategies: Apple vs. Facebook (ZDNet Blogs)
Apple's new data center apparently using SAP's HANA, along with many other tools.

Oracle Exadata Gains Certification for SAP Applications (PC World)

HP’s Big Shakeup: Bocian and Mott Out; Livermore Steps Down, Joins Board (All Things Digital)

MEDecision Announces Highmark Inc.'s Selection of Its Collaborative Health Management Platform (Marketwire)

IMS Strengthens Payer Capabilities with Acquisition of Med-Vantage
Software Provider Brings Leading Technology Platform, Clinical Expertise and Proven Provider and Member Engagement Solutions
(Business Wire)

USAF Decisions On GPS IIIB Could Affect FAA (Aviation Week)

ExpenseWatch.com Goes Mobile -- Releasing Expense Reporting Apps for the Android, Blackberry and iPhone Smartphones (PR Newswire)


FCC Can Require Cable Companies to Share Sports Shows, Appeals Court Rules (Bloomberg)
Although this is only an Appellate ruling, DC Circuit rulings are rarely overturned, particularly on commerce-related issues. “We doubt that Philadelphia baseball fans would switch” to an alternative service “if doing so would mean they could no longer watch Roy Halladay, Cliff Lee, Roy Oswalt, and Cole Hamels take the mound” for the Phillies, the Court said in its opinion.

How Comcast scored that four-Games victory (Philadelphia Inquirer)

Comcast's $4.4B Olympian bid a bold online bet (AP via Forbes)

Verizon's future is in the clouds (Fortune)

Safeguard Scientifics celebrates 40 years on the NYSE; Special Librarians invade Philly

Safeguard Scientifics, which historically had been the major catalyst behind the growth of the Philly area's tech sector and remains an important factor today, is celebrating its 40th year of being listed on the New York Stock Exchange, which it will culminate by ringing the NYSE closing bell on July 14. Safeguard is rather unique, being one of the few publicly listed firms whose primary business is venture capital.

As part of its commemoration, Safeguard has set up a special website, which will highlight 40 significant historical facts about Safeguard - one per day leading up to July 14. For example, one of those facts is that Safeguard was originally founded as the Lancaster Corporation in 1953.

The Special Libraries Association (SLA) will hold its 2011 Annual Conference at the Pennsylvania Convention Center, beginning on Sunday and running through June 15. Special Librarians are special people; they bring a great deal of specific knowledge and expertise to fields like business, technology, medicine and healthcare. The information business is big in the Philly area, and Drexel's iSchool has one of the best Special Library programs in the country. The Philadelphia chapter of the SLA will play a role in hosting the conference.

Daily Links 6/9/2011: Roberts To Unveil Comcast's Next-Generation Video Product at Cable Show

Cable Show 2011: Roberts To Unveil Comcast's Next-Generation Video Product
CEO to Stage Demo During General Session Thursday, June 16
(Multichannel News)

Keeping Olympics was priority for NBC (LA Times: Company Town)

Comcast Said to Be in Talks Over G4 Cable Channel (New York Times)

Comcast doubly blessed with wireless spectrum (FierceCable)
Discussion from yesterday's RCR Wireless conference in Philadelphia.

Carrier consolidation shifts investment strategy, VC panel says (RCR Wireless News)

Comcast CFO Discusses Comcast/NBCUniversal and the Future of Media (Video: Greater Philadelphia Chamber of Commerce)

One Financial Analyst’s Bearish View on SAP and Oracle (ASUG News)

SAP’s Snabe Says Closer Linkup With HP on Real-Time Analytics Makes Sense (Bloomberg)

Why SAP must acquire a hardware vendor for In-Memory (John Appleby/Bluefin Solutions)

KKR Said Is to Seek a Minority Stake in ING Unit Amid GE, Capital One Bids (Bloomberg)

SunGard Implements Hara Environmental and Energy Management to Strengthen Sustainability and Energy Efficiency Initiatives (Business Wire)

Ahead of the Bell: Janney upgrades Heartland (AP via Forbes)
Could benefit from new swipe fee limits.

500 Startups Unveils 2nd Batch of 21 Startups
Includes LaunchRock, which was originally launched in Philly.

PHILADELPHIA NAMED 2012 CODE FOR AMERICA FINALIST (City of Philadelphia Press Release)


Sabre Industries of North Wales withdraws IPO

Sabre Industries, a North Wales, PA, provider of equipment and services to the energy transmission and wireless industries, announced today it was withdrawing its planned IPO, "due to the current pricing environment for initial public offerings". It had planned to go public later this week, selling seven million shares at between $12 and $14 per share.

PE firm Corinthian Capital Group is the majority investor in Sabre Industries, whose primary products are towers and poles for wireless communications an energy transmission. Sabre reported a net loss of $9.6 million on revenues of $264.3 million for the 12 months ended Jan. 31.

Daily Links 6/7/2011: NBC wins Olympic rights; 76ers deal may be close

Comcast bids for Olympic-coverage rights (Philadelphia Inquirer)
Comcast should be finishing its presentation to the IOC right about now.

NBC wins U.S. TV rights to four Olympic Games through 2020 (USA Today)

NBC holds onto Olympics through 2020 with $4.3-billion bid (LA Times: Company Town)

Sources: 76ers sales talks ongoing (ESPN)

Clearwire, Comcast And Sprint Widen WiMax In Philly, Pittsburgh
Philadelphia 4G Network Now Covers 4.37 Million People; Pittsburgh Up to 830,000
(Multichannel News)

Liberty Media Reports Appeal in Bank of New York Bank Case (Bloomberg)

SAP Wins Court Approval of Sybase Shareholder Settlement (Bloomberg)

2011 Be Together: The Bentley User Conference ‘Keynote Report’ (Business Wire)

Cloud Expo: Talking to Rick Nucci, Boomi CTO (Dell Community: Inside Enterprise IT)

Felix Zandman: The Man Who Wouldn't Quit (EBN)

Google's Eric Schmidt Will Be Featured Keynote at Kenexa 2011 World Conference (Marketwire)

Google VP Mohan Speaks Display Ads, Invite Media At Conversational Marketing Summit (AdExchanger.com)

An Epic Morning in the Exam Room (Wrench in the System)


Vishay Intertechnology Mourns the Loss of Its Founder, Dr. Felix Zandman (Business Wire)
"Dr. Zandman was born in 1928 in the Polish city of Grodno and in October 1941, he and his family were arrested by the Nazis and sent to the Grodno ghetto. Dr. Zandman survived the Holocaust by hiding with his uncle Sender and other people under the floor boards in the house of a Polish family for 17 months."

Comcast Buys Blackstone’s Universal Parks Stake for $1 Billion (Bloomberg)

Comcast expands IPv6 trial
Hundreds of broadband subscribers nationwide test next-gen Internet service
(Network World)

Verizon Offers Mix-And-Match FiOS Bundles
Telco Lets Customers Upgrade Elements for $5 to $10 Extra Per Month
(Multichannel News)

Fed's Plosser: jobs data doesn't change view (Reuters)

Salesforce.com's Benioff talks growth, Microsoft (Network World)
Benioff: "They might as well rename Azure 'Azune'. It's basically having the same level of success".

Apple launches iCloud; here’s what powers it (Gigaom)

HP shifts to purpose-built systems
Bundling servers, storage, networking, software and services is increasingly important to HP -- and the IT industry

EBay acquires Magento, builds a commerce OS (Gigaom)