Highlights last week on Philly Tech News (11/5/2012 to 11/11/2012)

I profiled Wayne-based SaaS CRM vendor PipelineDeals, which aims to take a slice of market share away from Salesforce.com.

Radnor-based NewSpring Capital has filed a preliminary response to a lawsuit filed against it in July by the co-founders and former executives of Clifton Heights-based ProfitPoint, which provides stored value loyalty programs for retailers. The plaintiffs say NewSpring forced their removal and then conducted a smear campaign against them; NewSpring says they reached a settlement to remove the co-founders after serious fiancial irregularities at ProfitPoint were discovered.

Philly Tech News contributor Esther Surden covered the NJ tech community's efforts
to help New Jersey recover from Sandy
in NJTechWeekly.com.

In news from other sources, incoming Lockheed CEO Christopher Kubasik was forced to resign over a close personal relationhip with a subordinate. Lockheed employs close to 10,000 in the Philly area. Lockheed also announced job relocations and some possible reductions in South Jersey, although its Advanced Technology Labs in Cherry Hill will not be touched.

The Washington Post did an interesting profile of Paoli-based DuckDuckGo. Oracle acquired project portfolio management vendor Instantis, which may have some overlapping fit with Oracle Primavera, which does much of its business from Bala Cynwyd. Ewing, NJ-based OLED technology provider Universal Display saw its shares plunge after reporting disappointing results and reducing its outlook. And the US Supreme Court heard Comcast's appeal asking it to remove class action status from an antitrust suit against it claiming Comcast engaged in monopolistic behavior in the Philadelphia area.

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Daily Links 11/14/2012: Air Force cans ERP project after $1 billion

Apple opening Willow Grove store, expanding at King of Prussia Mall (Philadelphia Business Journal)

SAP plans to add 'mission-critical' features to HANA in-memory database
SAP is getting HANA ready for large-scale ERP deployments

SAP bolsters cloud portfolio with Financials OnDemand

SAP goes big on Windows 8 with six new apps (Computerworld)

Air Force scraps massive ERP project after racking up $1B in costs (Computerworld)
Oracle won initial software contract over SAP; CSC served as systems integrator. Of course, SAP has had its own issues with the Army ERP project, which might indicate that its the customer who is the ultimate problem, not the software.

Salesforce.com's Complexity Brings CIOs, Partners Together (CIO.com)

Trident Capital Update and Areas of Investment Interest (Trident Capital Blog)

Google Fiber is live in Kansas City, real-world speeds at 700Mbps (Ars Technica)

Philadelphia Becomes Epicenter for Information-Sharing in the Manufacturing Industry (News from Rockwell Automation)


Deal of the day: Billtrust (Hamilton NJ) raises $25 million from Bain Capital Ventures

Tom Paine

Billtrust, a Hamilton, NJ-based provider of SaaS outsourced billing services, announced this morning that it had received a $25 million investment from Bain Capital Ventures. This brings the total investment in Billtust to $30 million; Edison Ventures had led a previous round. Matt Harris, managing partner of Bain Capital Ventures, will join Billtrust’s board of directors. Billtrust says its revenue grew ten fold over a five year period.

Billtrust says the capital will be used for strategic acquisitions. It provides electronic billing services for both consumers and businesses, but in the press release Bain Capital Ventures' Harris emphasized that "Billtrust is the first company we have seen that is so well positioned to dominate the enterprise market."

Founded 11 years ago, Billtrust is led by CEO Flint Lane. Hamilton is located outside
of Trenton.

Billtrust Press Release (pdf)