Highlights: Last week on Philly Tech News (6/18/2012 to 6/24/2012)

A little late on last week's highlights, but here goes:

I reported that the Pennsylvania Department of Revenue issued a letter indicating cloud software is subject to a sales or use tax, as long as the user(s) are located in Pennsylvania. There's no escaping the tax man.

West Chester-based Hoopla Software, which I reported on at the beginning of the year, announced it had closed on its $ 2.8 Series A Round, led by Safeguard Scientifics with Salesforce.com also participating.

King of Prussia-based InterDigital sold a whole bunch of 3G, LTE, and Wi-Fi patents to Intel for $375 million, but they have plenty left over. In a less publicized move, a Warren, New Jersey-based firm, Magnolia Broadband, sold over 50 mobile patents to Google for an undisclosed price. Magnolia's largest shareholder is Wayne, PA-based SCP Partners.

DIA 2012, the annual meeting of the Horsham-based Drug Information Association, opened at the Pennsylvania Convention Center on Sunday and runs through tomorrow. Among other things, it draws many companies from the Philly area's large Clinical IT industry.




David Brussin of Monetate and Richard Hirsch of Transcend United Technologies were among those honored as Ernst & Young Entrepreneurs Of The Year for Greater Philadelphia in 2012.

The New York Times ran an article on ecommerce customization that focused on Monetate; the Conshohocken-based company also announced it was opening an EU office.

The Philly Fed's June business outlook survey did not provide very encouraging news.

TechCrunch held a TechCrunch mini-meetup in Philly last week, Also, the Uncubed Philly startup talent fair was held at World Cafe Live.


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