Highlights: Last week on Philly Tech News (5/21/2012 to 5/27/2012)
Center City-based healthcare payments processor InstaMed raised another $14 million, bringing its total funds raised to date to at least $36 million. The company said most of the new round came from existing investors, although there was one unnamed new investor.
I followed events at The Cable Show 2012 in Boston, including some major announcements from Comcast.
SAP announced another major acquisition last week. The target this time was Ariba, a California-based provider of a cloud-based business to business procurement and collaboration platform. The price was $4.3 billion, a 20% premium over the previous day's close.
SAP also moved to fully integrate its Sybase subsidiary into SAP, eliminating the current role of Sybase CEO John Chen. Also a (possibly intentionally) leaked internal memo from SuccessFactors CEO and SAP Cloud chief Lars Dalgaard may shed some light on his strategy for going forward.
Google finally closed on its $13 billion acquisition of Motorola Mobility after getting clearance from China. However, Google indicated it hasn't decided what its going to do yet with Motorola's Horsham-based cable technology business.
NJTechWeekly.com's Esther Surden contributed an update on AT&T's wireless coverage upgrades in New York City, New Jersey and Philadelphia.
Newtown-based EPAM Systems made its first acquisition since its IPO in February, buying Toronto-based Thoughtcorp for a total consideration of $17.4 million.
And an innovative healthcare IT startup that grew out of UPenn's nursing program, RightCare Solutions, won the $100,00 prize awarded by the inaugural Janssen Connected Care Challenge.
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