Daily Links 2/1/2012: Senate to hold hearing on Verizon Wireless/Cable deal



Facebook Files for an I.P.O. (New York Times: DealBook)

Verizon’s wireless, marketing deal with cable firms to be considered at Senate hearing (Washington Post: Post Tech)

Comcast offers discount on Verizon Wireless service (San Jose Mercury News)

Comcast Takes Home Security To Mile-High City
'Xfinity Home' Service Provides 24-Hour Monitoring, Home Automation Features
(Multichannel News)
Already available in Philly market. Anybody out there using it?

Comcast Signs Multiyear Extension With Amdocs
Vendor Also Cites Strong Performance in Europe, Emerging Markets
(Multichannel News)

Unisys stock drops on decrease in quarterly profit, revenue (Philadelphia Business Journal)

SaaS valuations come back to earth — sorta (Gigaom)


D.C.’S IT ECONOMY: READYING FOR THE SEISMIC SHIFT
(Edison Ventures Blog)

Quantum Leap’s tweet counter picks up more buzz (DelawareOnline: Delaware Inc.)

Infographic: Mobile ads show staggering growth, clicks up 711 percent (Gigaom)



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iPipeline's latest round a staggering $71.4 million



Tom Paine


Credit goes to Citybizlist for catching the Form D filing on Exton-based IPipeline's most recent round, which was announced last month. The actual amount of the round was $71.4 million.

While I can't determine now whether there were any other participants in this round, Technology Crossover Ventures was the only investor named in the press release, and there was no mention of anyone else being involved.

What exactly does an Insurance SaaS vendor do with $71.4 million? In addition to the usual needs to expand product development capabilities and sales & marketing resources, the press release also refers to international expansion. Also, the word is iPipeline will be moving to a larger headquarters building in Exton. Acquisitions, though not specifically mentioned in the press release, are another possibility, Providing some liquidity for shareholders and employees is sometimes a goal in these large later stage rounds, though there also is no mention of that.

As I had noted previously, Technology Crossover Ventures often makes some very large bets.