Highlights: Last week on Philly Tech News (7/2/2012 to 7/8/2012)

Slow week with the 4th in the middle of it.

SAP and Ariba received a second request for information from the Department of Justice relating to SAP's bid to acquire Ariba. Not particularly unusual at this point.

After a period of being the unnamed but widely known bidder for Quest Software against Quest's existing PE backer Insight Venture Partners, Dell finally reached a deal to acquire Quest for $2.4 billion. The acquisition could have some synergistic effects for Dell Boomi in terms of products and channels.

First Round Capital was among the investors in Newark Mayor Cory Booker's personalized news startup for teens, #waywire.

The Inquirer reported on how Old City-based WebLinc survived the tech bust and came back to become a very successful ecommerce software firm.

Verizon Wireless claimed its proposed deal with a group of cable operators would not have an anticompetitive impact upon the wireless backhaul industry, which is becoming a big business for Comcast.




California-based data integration software vendor Informatica announced revenue would fall sharply short of estimates, setting off fears in the enterprise software business further exemplified Monday when Radnor-based QlikTech also announced an anticipated revenue shortfall for the 2nd quarter.

Pennsylvania's Department of Community and Economic Development (DECD) announced through the New PA Venture Capital Investment Program an investment of $5.5 million, including a $1.5 million investment in Audubon-based NextStage Capital II LP. This program requires a 3 to 1 match by the VC firm for each dollar invested by the program. NextStage II will make 15 to 21 investments with an average target of $500,000 to $2 million per investment.

And NJTechWeekly.com's Esther Surden contributed a report on California-based Juniper Networks' new OpenLab R&D facility in Bridgewater, NJ.


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