Highlights last week on Philly Tech News (10/15/2012 to 10/21/2012)

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Glenside-based Flash game and video site Newgrounds received a $17.5 million venture capital investment, according to the 3rd quarter MoneyTree report from PricewaterhouseCoopers and the National Venture Capital Association using data from Thomson Reuters.

I looked at some numbers related to the recently completed Accenture/Octagon Research Solutions acquisition, and made a rough estimate of how much Accenture might have paid for Octagon.

I reported on Google's earnings release fiasco, and also Horsham-based Motorola Home's results.

Philly-based middle market PE firm Eureka Growth Capital is raising a new fund targeted for $150 million.

NJTechWeekly's Esther Surden contributed a report on national security concerns about China's Huawei and whether they could effect growth of Huawei's new R&D center in Bridgewater, NJ.

In news from other sources, Softbank announced an agreement to buy a 70% stake in Sprint Nextel. SAP TechEd wrapped up in Las Vegas, and Salesforce.com's CloudForce NYC was held on Friday. And Violin Memory, backed by SAP among others whose flash memory products are important to the growth of many in-memory platforms, is reported to have filed for an IPO to raise up to $2 bilion.

Quote of the week: Charlotte Field, Comcast senior vice president of infrastructure and operations: "We want to be the next Apple".


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