Liberty Media says not finished looking at Time Warner Cable, other possibilities




Tom Paine



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Despite Comcast's agreement to acquire Time Warner Cable, Liberty Media President & CEO
Greg Maffei says Liberty, which owns 27% of Charter Communications, is still looking at
opportunities to increase its subscriber base, trade pub Variety reported.

“We will certainly not take anything off the table in terms of what we think are in the best interests of Liberty Media shareholders,” Maffei said, speaking at Liberty's 4th quarter 2013 earnings conference call today.

Charter had bid $37 billion for TWC before Comcast swooped in with a $45 billion bid earlier this month.

Maffei indicated that Liberty could be interested in systems that Comcast might divest,
or would be prepared to act if the Comcast/TWC deal breaks up for any reason, though he
doesn't expect it to. Comcast had said it would probably divest three million subscribers
if it completed the deal. Maffei did suggest that the conditions for approving the merger
could be so burdensome to Comcast that it might consider other options.

Maffei indicated that Liberty had received plenty of interest from potential co-investors interested in participating in Liberty's consolidation strategy. Charter CEO Tom Rutledge said last week that "we are still interested in wisely acquiring subscribers."


Links 2/28/2014: Square postpones IPO; may seek buyer






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Liberty Interactive Corporation Reports Fourth Quarter and Year End 2013 Financial Results (Business Wire)
QVC.com represents 45% of US orders; mobile accounts for 32% of US QVC.com orders.

Comcast Said to Weigh Subscriber Spin With Time Warner Deal (Bloomberg)


EPAM Reports Results for Fourth Quarter and Full Year 2013 (EPAM Press Release)


AT&T is testing its next-gen phone network on rural areas and retirees (Washington Post)

Square IPO Postponed Indefinitely (Fox Business)
Reports: May seek buyer instead.

Online Retailers Are Devoting Hundreds Of Millions To A Google Product That Hurts Amazon (Business Insider)

Franken Takes Aim at Comcast-NBCU and Comcast-TWC (Multichannel News)
Franken has never forgiven NBC for canceling his sitcom.

Xfinity On Demand Coming To All Modern Comcast TiVos (ZatzNotFunny)


More than shiny: Apple is an enterprise firm (Computerworld Blogs)


Links 2/27/2014: How The Comcast & Netflix Deal Is Structured






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White House Aide at Soiree Shows Comcast Reach for Deals (Bloomberg)

Consumers Union asks regulators to scrutinize Comcast-Netflix deal (LA Times)

Here’s How The Comcast & Netflix Deal Is Structured, With Data & Numbers (Dan Rayburn/Streaming Media)


Comcast-Time Warner merger: What it means for Lehigh Valley cable subscribers (The Express-Times)

Salesforce Q4 Beats Street, as CFO Smith Plans Exit (Re/code)

Salesforce.com CEO Benioff says company landing more big deals (PC World)



Workday's master plan: Grow financials, layer analytics (ZDNet)

Workday 2013/14 revs up 71 percent, forecast $710-740 for fiscal 2015 (Den Howlett/Diginomica)

DataStax Brings In-Memory To NoSQL (Information Week)



B.Riley Initiations: Buy Oracle, SAP & Microsoft Are Holds (Barron's: Tech Trader Daily)

Huawei settles InterDigital 3G patent dispute out of court (ITProPortal)

Universal Display Rising: Q4 Revenue Beats, Year Rev View Light (Barron's: Tech Trader Daily)

University of Pennsylvania plans new campus in South Philly (Philly Deals)











Links 2/25/2014: Boomi a key to new Dell/NetSuite Alliance






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Dell and NetSuite form alliance for mid-market SaaS (Computer Dealer News)
Dell exec calls Boomi “a secret weapon” for the company.

Dell Takes NetSuite Under Its Wing (Information Week)

Fiberlink Unveils MaaS360 for On-Premises Deployments (PR Newswire)

SAP and Xamarin work to simplify enterprise mobile app development (PC World)


Workday Losses, Big Sales Growth Seen Continuing (Investor's Business Daily)

How to tell the difference between Box and Dropbox (Fortune Tech)

Comcast/Netflix: Unwinding the Latest Traffic Jam, but at What Cost? (Knowledge@Wharton)


Rovi to Buy Veveo to Bolster Television Analytics (Bloomberg)
Rovi has a significant presence in Radnor.

Customer Supplied Images Drive Social ROI at Urban Outfitters (Retail Info Systems News)





Philly Tech People News 2/24/2014









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SAP Appoints Rick Costanzo as Executive Vice President and General Manager of Global Mobility Solutions (SAP Press Release)

IPO-Bound Box Hires Cloud Chief Graham Younger Away From SAP (Re/code)


SAP appoints Adaire Fox-Martin president of APJ region (CIOL)

Rajant Introduces Sagar Chandra as Vice President of Business Development, Latin America
(Business Wire)

DreamIt Ventures Brings Two Leading Talents to the Team and New York Community (Marketwire)


SureClinical Enhances Customer Experience with New VP Sales (PR Web)
Another ex-Dell Boomi executive.





Links 2/24/2014: Oracle buys Blue Kai; Pivotal spins off Cloud Foundry with SAP support






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WhatsApp Shows How Phone Carriers Lost Out on $33 Billion
(Bloomberg)

Can Google Eat All That Fiber? (Bloomberg/Business Week)

Verizon: Heavy Web users should pay more (PC World)

Why Netflix Is Actually the Big Winner in the Comcast Bandwidth Deal (Variety)



First Comcast-TW Cable Showdown with Feds Set for March 26
(Variety)



Supreme Court Declines Tennis Channel Review of Comcast Case (Variety)


Oracle buys Blue Kai, gains massive consumer data mart (PC World)

IBM Invests Another $1 Billion In its Cloud Business (Re/code)

Pivotal spins off Cloud Foundry, gains SAP and Rackspace support (Business Cloud News)


Vision - and money - for a start-up ecosystem in Philly
(Philadelphia Daily News)

Inside DuckDuckGo, Google's Tiniest, Fiercest Competitor (Fast Company)


LoudCrowd app eases classroom input (Penn Current)





Convergence, consolidation in US, Global broadband markets




Tom Paine



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Convergence. That's the word to describe today's broadband market, as distinctions between traditional telcos, cable systems, and to some extent wireless carriers (as mobile speeds increase) diminish. Cross-border and trans-oceanic barriers are becoming less important as well.

If the proposed Comcast-Time Warner Cable merger is ultimately approved, the US broadband market will consist of three giants surrounded by minnows. But don't forget Google, Apple, Microsoft, and Facebook, which all have their own designs on slices of the market. And there may be other emerging competitors we can't even recognize today. Middlemen, including fiber networks and content delivery networks (CDNs) such as Akamai, are also important players.

Market value is not the sole indication of strength, although it does give one a general idea of who might have the upper hand in future consolidation. Of course, the figures in
the table below include only equity values, not debt loads, which can be very significant in the broadband industry.

Verizon just completed the acquisition of the rest of Verizon Wireless from Vodafone
this past week. And Vodafone will pay out $82.5 billion to its shareholders, cutting
its market value to about $100 billion
. There has been speculation that AT&T might be
considering a bid for Vodafone.

The combined Comcast/TWC market value is shown as being the simple sum of the two's current market values, as it is a straight stock transaction. However, several factors could move the value up or down.




Link to chart

Source: Philly Tech News, based on closing prices as of 2/21/2014 (Price quotes from Google Finance)






RUMOR: Oracle Could Be Buying Marketing Tech Startup BlueKai For About $400 Million (Business Insider)

Fisker claims total nearly $1 billion (Wilmington News Journal)




RJMetrics' growth seen as symbol of Philly entrepreneurial progress




Tom Paine



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Whether, as Mayor Michael Nutter said on Tuesday at the opening of RJMetrics' new offices, that its an example of a company that can “start in Philly, grow in Philly and stay in Philly,” I'm not completely sure, because the startup had its first offices in Camden after originally working out of co-founder Robert Moore's home, which I think was in Jersey at the time if I remember correctly. But that's just a minor technicality.


L to R: deputy mayor for economic development Alan Greenberger, Jake Stein, Mayor Nutter, Robert Moore at RJMetrics office opening (Courtesy RJMetrics)



But another impressive fact about RJMetrics, co-founded by Princeton grad Moore and Penn
grad Jake Stein, was that it was basically bootstrapped from its founding in 2009 until receiving some seed funding in 2012, then getting a 6.25 million Series A round led by Trinity Ventures in 2013. (Trinity, by the way, just lead an $8 million round in Hoopla Software, which has development offices in West Chester.)

RJMetrics has grown from 26 to 46 employees since May 2013, and plans to nearly double that staff this year. This growth necessitated more space, and thus the move from The Philadelphia Building to The Widener Building at One South Penn Square.

RJMetrics has become a star in the business intelligence space, specifically in helping
companies doing business over the web analyze the data coming out of their operational websites. Its SaaS software is said to be easy and not too expensive to get started up on. It says it now has more than 250 clients.

The event was held not only to highlight RJMetrics' success, but the progress of the entrepreneurial community in Philadelphia, for which RJMetrics has been both a key example and a visible leader.




Radnor-based QlikTech reports 2013 growth of 21%; Ranks near top of Gartner Magic Quadrant




Tom Paine



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Radnor-based QlikTech reported its year-end 2013 results this afternoon.

Total revenue for 2013 was $470.5 million, an increase of 21% from 2012. GAAP net loss was ($10.0) million, compared with GAAP net income of $3.8 million in 2012.

For 2014, QlikTech's guidance projects revenue between $545 and $555 million, and a bottom
line (non-GAAP) of $30 to $35 million. The revenue projections indicate growth of between
16 and 18%.

Although it offers a very different solution, QlikTech business intelligence competitor Tableau reported 95% revenue growth to $81.5 million earlier this month, and GAAP net income of $11.2 million.

Some will offer different explanations, but my sense is that Tableau is taking much of it
out of QlikTech's hide.

Update 3/1/2014: QlikTech CEO Lars Björk and one analyst tend to downplay Tableau as a direct competitor, though I remain unconvinced.

In an interview with TheStreet.com, Björk reviews the company's progress and emphasizes
its push into the healthcare sector:






Also, Gartner's 2014 BI Magic Quadrant was released last week,and you can see that QlikTech ranks very high among the leaders:








Links 2/19/2014: Google Fiber talks expansion; TruePosition acquires Skyhook Wireless



FCC will not appeal defeat in Verizon internet access case (Reuters via CNBC)
But may seek to use other regulatory powers to enforce aspects of net neutrality.

Exploring new cities for Google Fiber (Milo Medin/Google Blog)
Google Fiber's talk of expansion positive for Comcast's regulatory argument (more evidence of competition) but negative in sense that several target cities are served by Comcast/TWC.
I don't doubt that specific timing of announcement is related to merger agreement.

Google Fiber May Have High-Profit Long-Term Payoff, Says Bernstein (Barron's: Tech Trader Daily)

Net Neutrality, Google Fiber Plans Pound Cable Stocks
(Multichannel News)


Netflix Prime Time Speeds Plummet on Verizon FiOS, Pushing Net Neutrality in Spotlight (The Wrap)

Comcast acquisition of Time Warner Cable could undermine CBS deal (LA Times)


Trueposition Acquires Skyhook Wireless (PR Newswire)


Location Services Company Skyhook Wireless Gets Acquired By TruePosition (TechCrunch)

Long before Amazon, QVC ruled home shopping: Its stock is coming back (CNBC)


Microsoft’s Tatarinov: no-one serious is doing cloud ERP! (Diginomica)

Microsoft marshals marketing, service, social for Dynamics CRM, aims anew at Salesforce.com (PC World)


Intacct Raises $45M To Bring Bean Counters To The Cloud (TechCrunch)

Hospitals begin sharing patient data electronically (Philadelphia Business Journal)






Philly Tech News: Past week highlights on Twitter






























Links 2/18/2014: Instacart comes to Philly: Revzilla ramping up at Navy Yard






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Delivery start-up Instacart follows rain to Philly
(USA Today)

Revzilla adds larger building at Navy Yard
(Philly.com: Philly Deals)


Netflix Talks for Time Warner Cable Carriage Said to Slow
(Bloomberg)

Will Comcast’s Merger with Time Warner Give It Too Much Power? (Knowledge@Wharton)



Comcast-Time Warner Cable deal rekindles Charter-Cox Communications speculation (MarketWatch)

Comcast readies for Washington war (Politico)

How the US could block the Comcast/Time Warner Cable merger (Ars Technica)


Schumer Has Family Ties To Comcast Time Warner Cable Deal (Gothamist)

Arris ‘Holding Our Breath’ On Comcast/TWC Deal (Multichannel News)



Reaching Every Enterprise in the World: Welcome Graham Younger (Box Blog)
Joins Box from SAP, where he was SVP & GM of Global Sales for SuccessFactors / SAP Cloud.





PA Turnpike hires IT consultant: Maybe using IT to improve safety would be a good idea



Tom Paine



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Ironically, the day before the latest traffic apocalypse on the Pennsylvania Turnpike
on Valentine's Day, the Pennsylvania Turnpike Commission announced it had chosen Decision Lens, which describes itself as "the leading provider of cloud-based prioritization and resource optimization software," to assist its CIO and senior management in prioritizing and planning future IT pojects. The release indicates that Decision Lens is used by several other state transit authorities, including PENNDOT, which is managed separately from the Turnpike.




I don't know whether the types of projects the Commission may consider would include any that help better manage traffic, detect hazardous road conditions (perhaps using road sensors), and create better systems for warning motorists of approaching trouble. Might
not be a bad idea, since the PA Turnpike seems to have more than its share of these incidents.


Philly Tech People News 2/16/2014









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Loretta J. Mester Named President and Chief Executive Officer of the Federal Reserve Bank of Cleveland, Effective June 1, 2014
(Business Wire)

Marianne Brown Joins SunGard as Chief Operating Officer, Financial Systems (Business Wire)

Heartland Payment Systems® Announces New Chief Branding Officer (Business Wire)

Shared Spectrum Company Names Mike Daniels and Bill Merritt to Board of Directors (Business Wire)

Peter Luukko Appointed to the Board of Pointstreak Sports Technologies Inc. (Company Press Release)





Sunday Highlights: PACT award finalists named



2014 Enterprise Award Finalists and Honorees (PACT)

What's coming for SAP in 2014? (John Appleby/SAP Community Network)

Three Technology Revolutions (Pew Research Internet Project)

Start-up opens digital door for students with autism (Philadelphia Inquirer)




Hoopla Software raises $8 million led by Trinity Ventures; moving to larger Malvern-area offices




Tom Paine



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Hoopla Software, which is headquartered in Silicon Valley but has an R&D office in West Chester, announced last week it had raised an $8 million Series B round led by Trinity Ventures. The round also included participation from previous investors Safeguard Scientifics (NYSE: SFE), Illuminate Ventures and additional private investors.

Hoopla, founded in 2010 by veteran Philadelphia-area entrepreneur Michael Smalls, provides cloud-based software that uses gamification techniques and insights gained
from data analysis to boost performance for groups such as sales and customer
service teams. The company said it grew over 250 percent in 2013, adding over 150 new customers.

Hoopla's LinkedIn page shows 26 employees, 9 of whom are based in the Philadelphia area. Hoopla hopes to double that headcount by the end of the year, and also plans to release
a mobile version in the Spring.

Salesforce participated in Hoopla's Series A, and Hoopla's website still emphasizes its
product's close integration with Salesforce's CRM platform. California-based Trinity Ventures also invested $6.25 million in Philadelphia-based RJMetrics last year.

Hoopla raised $2.8 million in its Series A round in 2012, led by Safeguard Scientifics.

Prior to founding Hoopla, Small's Philadelphia area experience included executive roles at Destiny Websolutions, TurnTide and ClickEquations.

Update 2/16: Responding to my email inquiry, CEO Michael Smalls tells me that Hoopla
is moving from West Chester to the Malvern area "with expanded space to enable us to continue to add to the engineering team there and add sales resources to give us better east coast coverage. John Galvin, our CTO (and colleague from Destiny and ClickEquations) runs the Philly area office." Smalls says he is now living in San Jose but makes frequent trips back to the area.

Hoopla was also named a finalist for the PACT Enterprise Awards ( to be presented on May 8) in the category of "Technology Startup Company."



Comcast/TWC merger: What some commentators are saying to date



There are many angles to the Comcast/Time Warner Cable saga, and many more that will
come out over time.

I've tried to highlight articles that capture some of the key points so far here:



Two mayors far apart on Comcast deal (Philly.com: Philly Deals)

A Bigger Comcast May Beget More Deals (New York Times: DealBook)

DOJ Antitrust Chief Uncertain for Comcast Review (Wall Street
Jounal: MoneyBeat)

Comcast taps its ex-SEAL, Neil Smit, to lead bulked-up cable group (LA Times)


Wolff: NBC odd man out in Comcast merger (USA Today)

THE REAL PROBLEM WITH THE COMCAST MERGER (Tim Wu/The New Yorker)


Comcast-Time Warner Cable merger: Is Apple TV toast? (Fortune Tech)

Comcast vs. the Cord Cutters (New York Times)

State wired in for huge impact (Denver Post)


Analysts Watch Cox After Comcast-Time Warner Cable Deal
(Wall Street Journal: MoneyBeat)






Links 2/14/2014: SAP serious about opening HANA startup cafes





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Putting on PennApps: 2 days and $200,000 (Daily Pennsylvanian)

SAP founder outlines start-up strategy as small firms call on the "tank" to be agile
German enterprise software giant opening new start-up spaces to foster collaboration

(Techworld)

Hedge Fund Takes Stake in Malone’s Liberty Interactive (New York Times: DealBook)
Liberty Interactive is QVC's parent company. It is expected to spin out QVC as a tracking stock some time this year.

Tech vendors and cable companies push for more Wi-Fi spectrum (Ars Technica)


TAKING THE PULSE OF MEDICAL APPS AT MOBILE MONDAY MID-ATLANTIC (Mobile Week)

4 questions raised by Castlight Health IPO filing (Med City News)


MicroStrategy Launches In-Memory Analysis Engine (Information Week)


Comcast's objectives in acquiring Time Warner Cable






Tom Paine



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Comcast's proposed deal to acquire Time Warner Cable for $45 billion (if approved) could accomplish four primary objectives:

First, it would assure in terms of nationwide economies of scale in the video content business, that Comcast would continue to maintain a considerable size advantage. This is important for achieving technological leadership, the ability to spread technology investment costs across as many customers as possible, greater marketing power, and bargaining power with content providers as well as technology vendors. Some cable execs have tried to downplay the value of the latter because they don't want those words used against them in front of an FCC or congressional hearing, but it is important.

While Charter backer John Malone has options, he couldn't come close to matching the scale of a combined Comcast/Time Warner Cable. Lets say he were to pick up the all of the three million subs Comcast says it would shed as part of the deal and somehow buy out the next five largest systems and add them to Charter's base subscribers. That would give Charter approximately 20 million subs versus Comcast's forecasted nearly 30 million. And that's unlikely to happen for a number of reasons.

In broadband, it gives Comcast the ability to build a stronger network, particularly along the east coast but also one with nationwide reach. This will make it more competitive with the telcos, including Verizon and AT&T. Some industry observers consider broadband to be a more attractive future market than delivering packaged video content.

If you look at Comcast's existing markets plus the ones it is likely to pick up from
Time Warner Cable
, you can see how many of them are major national or regional communications hubs. It would put Comcast in a very powerful position in the telco world.

Regionally, it will strengthen Comcast's position in key metros such as New York,
Los Angeles, and Charlotte. In New York, Comcast already has some pieces in the area in
Connecticut and New Jersey. However, a combined Comcast/TWC would face strong competition there from Verizon's FiOS (often for the same subs) and in terms of regional presence from Cablevision (on Long Island and in Connecticut and New Jersey). Could Cablevision be Comcast's next target to round out its New York footprint? Remember what it did in the Philly market.

The fourth objective is to build an infrastructure capable of competing for larger enterprise accounts in business services.

A fifth tentacle of the octopus may be wireless. The cable industry has largely given up
on trying to build its own 4G LTE-type network, and I don't think much has come out of the joint product marketing agreement with Verizon Wireless. But cable operators see Wi-Fi
as a increasingly valuable option
, not just for in-home or near-range network extension but possibly for building significant networks on the back of Wi-Fi hotspots, of which both Comcast and TWC have an ample supply.

What's next: Unless Comcast wants to buy a fill-in cable acquisition (such as Cablevision), my guess is its next large acquisition will be outside of the US.




Cable Consolidation History (Graphic: Wall Street Journal)





Some early views of Comcast/Time Warner Cable deal on Twitter



A quick look through the Twittervrse suggests some knives are already out for the Comcast-TWC deal:


























Links 2/12/2014: Report: Comcast to announce Time Warner Cable deal in morning







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Comcast Said to Agree to Pay $159 a Share for Time Warner Cable (Bloomberg)
Announcement expected in morning.

Comcast strikes deal to buy Time Warner Cable for $45 billion (LA Times: Company Town)


Get Ready for a Long Proxy Fight Over Time Warner Cable (New York Times: DealBook)
What was learned from Air Products/Airgas battle.

Comcast Adds Warner Bros. Fare To Electronic Video Store (Multichannel News)

Apple Said to Plan New TV Box Amid Time Warner Cable Talks (Bloomberg)

Alibaba to launch U.S. e-commerce website (Reuters)

SAP boss reveals plan to open chain of start-up cafes (Techworld)


Gartner Says CRM Will Be at the Heart of Digital Initiatives for Years to Come (Gartner Press Release)

Why Mobile CRM is a Mega-Shift in CRM (Jitendra Gupta/ Sand Hill)



Yahoo Strikes $10M Research Deal with Carnegie Mellon (Re/code)
Article isn't clear on this, but I assume Yahoo is paying C-M, not vice versa.

SAP user group says members will pull back on IT spending growth this year (PC World)


Email Attack on Vendor Set Up Breach at Target (Krebs on Security)
Was Target's Ariba portal part of the problem?



Delaware watches as Fisker hits the auction block (NewsWorks)


Campbell Soup Company upgrades software (Food Production Daily)




Irish firm acquires Chester County waste management software firm, PC Scales Technologies






Tom Paine



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A Limerick, Ireland (not Limerick, Pennsylvania, with its majestic Limerick Nuclear Power Plant) software firm has acquired Oxford (Chester County) based PC Scales Technologies, creating what it calls "the world’s largest waste management software company," the Irish Times reports.

AMCS Group will add $10 million (€7.3 million) in revenue and 50 North American employees through the deal, which will raise its annual sales to about €25 million. Terms of the deal were not disclosed.

AMCS Group had just completed a €23.5m investment round by Highland Capital Partners Europe and Investec Ventures through the Ulster Bank Diageo Fund.

PCST was founded by Donald Tefft in 1986 and has 2,000 customers, mainly in the US, although some are in Canada and Mexico. PCST’s chief operating officer Ken Good, a 25-year veteran of the industry, will lead AMCS’s new division.

On its website, PC Scale says it started in 1986 as a division of Scale Systems, Inc.,and that its first software package designed for the solid waste industry was installed at a transfer station in the suburbs of Philadelphia.


Links 2/11/2014: SCOTUS will hear Aereo agurments April 22, minus 1







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Charter C.E.O. Is Pressing All the Right Buttons on Time Warner Cable (New York Times: DealBook)

Charter Names Its 13 Nominees for Time Warner Cable Board (New York Times: DealBook)

Supreme Court will hear Aereo on April 22 with one Justice sitting out (Gigaom)

Netflix Says Verizon Isn’t Slowing Down Its Streams (Re/code)


Exclusive: Lithium Technologies to Acquire Klout (Re/code)

Rackspace Under an Amazonian Cloud (MarketWatch)

Cornerstone, Jive, Marketo deliver mixed earnings (ZDNet)



New York state to give ADP $2M to open tech lab in NYC
(New York Business Journal)





Links 2/10/2014: Charter expected to name TWC nominees; Comcast's influence on Olympics







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HVAC Vendor Confirms Link to Target Data Breach (PC Magazine)
A Pennsylvania company confirmed that the Target hackers stole network credentials from its network.

Charter to name nominees for Time Warner Cable board as soon as Monday: source (Reuters)

No Olympics for you: Comcast locks value customers out of Sochi streams (Gigaom)

NBC single-handedly pays for a fifth of all Olympic Games (Washington Post)

Netflix performance on Verizon and Comcast has been dropping for months (Ars Technica)

Verizon drops Home Monitoring and Control service (FierceCable)

Esri To Enable Thousands Of Government Agencies To Open GIS Data To The Public (ReadWrite)

Microsoft Debuts Cloud-Based Power BI (Information Week)

Oracle's 12c database to receive SAP certification faster than usual (PC World)

Rackspace CEO Napier to retire; Q4 solid (ZDNet)

Cornerstone Seen Maintaining Double-Digit Growth Run
(Investor's Business Daily)

Patients may now get lab results without a doctor's help (USA Today)

N.J. company wins global entrepreneur of the year honor from IBM (NJBIZ)





Oregon firm acquires King of Prussia-based Maxwell Systems from LLR Partners; some job losses expected






Tom Paine



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King of Prussia-based construction software firm Maxwell Systems has been acquired by Portland, Oregon-based Viewpoint Construction Software. Terms haven't been disclosed, but Viewpoint said in a release on Friday that the Maxwell acquisition would add some 200 employees to its workforce, bringing the total to about 700.

Some Maxwell employees will lose their jobs, the Portland Oregonian reports Viewpoint as saying, although it declined to say how many. The Maxwell office in King of Prussia will be retained.

Viewpoint has grown steadily through acquisition, and its 2012 revenue was reported to be $59.2 million. The company received a $76 million investment from PE firm TA Associates in 2012 and may be looking towards an IPO, the Oregonian reports.

Viewpoint serves larger contractors, and Maxwell generally serves smaller ones. My sense was that Maxwell was set back by the recession. Maxwell, founded in 1975, was acquired by Philadelphia-based LLR Partners in 2006. Its current revenue was not disclosed.


Philly Tech People News 2/9/2014: NBC recruits AT&T veteran Macwan to run new Media Labs operation









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NBC recruits AT&T veteran Macwan to run new Media Labs operation (FierceCable)


So Long SAP ….thanks for everything (Vijay Vijayasankar)
Vijay Vijayasankar has been Global Vice President, SAP Labs in Palo Alto. He spent just a little over one year with SAP.

FreedomPay Adds Seasoned Industry Authority Brian Voigt as Senior Vice President—Strategic Partnerships (Business Wire)

Pantheon Names Key Sales Hire In Global Push (Business Wire)
Scott Crawford had led sales efforts at Dell Boomi.

Bross Is New Boss Of Comcast-Backed Routing Firm (Multichannel News)






Top Philly Tech News posts last week: 1/30 to 2/7/2014

Mobile Monday Mid-Atlantic focuses on how mobile healthcare startups can work with large healthcare organizations (Monday)

Newtown-based Epam Systems responds to, slams articles reporting ties to US healthcare website

Aereo out of capacity in New York, Atlanta and Miami (Update: NY open again to new subs)

Ben Franklin Approves $2M for Eleven Early-Stage Companies

Six Philly-area companies on Forbes' 'America's Most Promising Companies'

Some noteworthy tweets of the past week: