Highlights: Last week on Philly Tech News (4/23/2012 to 4/29/2012)

I spoke with founder Anthony Coombs about his new SoLoMo startup, Interact, which launched during Philly Tech Week.

SnipSnap won both top honors at both Mobile Monday Demo Night and Switch Philly, and also saw its app get approved for the App Store.

I wrote about appRenaissances's acquisition of mobile UI platform startup UXFLIP.

UPenn freshman James Feuereisen contributed an article to Philly Tech News on the
award winners in the Weiss Tech House PennVention competition.

NJTechWeekly's Esther Surden covered the NJTC Venture Conference in late March and contributed two articles: one on the award-winning ventures at the Conference, and another on a panel discussing "strategic" corporate venture investing that featured some Philly participants.

Conshohocken-based ShopRunner, a unit of Kynetic LLC, stepped up its efforts to compete with Amazon Prime by acquiring Boston-based PickupZone, a company that manages pickup points where customers can retrieve products they've ordered.

Blue Bell-based Unisys swung from a loss to a profit in its first quarter, and even more unusually showed revenue growth despite a continued decline in its Federal business.

King of Prussia-based InterDigital, which also announced financial results last week, said it was looking to sell a "modest portion" of its patent portfolio. Last year, InterDigital placed its entire patent portfolio up for auction but decided offers were not attractive enough.

Radnor-based QlikTech posted quarterly results and issued full year guidance slightly above estimates, although slower growth and mounting competition may be concerns.

SAP's CFO said its Cloud business would not be profitable in 2012 and that the outlook for 2013 was unclear, which is not surprising because many Cloud businesses are not profitable at this point. Also, SAP's German employees are reportedly concerned about what they perceive as an increasing Corporate emphasis on the US relative to Europe.


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