Links 12/17/2014: OnDeck Capital IPO, with some strong local interest, raises $200 million, rises sharply after offering

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OnDeck, a Lender to Small Businesses, Raises $200 Million in I.P.O. (New York Times)

OnDeck Capital Prices IPO Above Range As Stock Leaps (Investor's Business Daily)

Shares rose as much as 37% post-offering, valuing OnDeck at as much as $1.7 billion.
First Round Capital was an early investor in OnDeck; Sapphire Ventures (formerly SAP Ventures) participated in later rounds. Pre-IPO, SAP Ventures held about 10%, "entities affiliated with First Round Capital, 5.5%", according to

WealthCloud, LLC Closes a Seven-Figure Strategic Investment Targeted to Accelerate Growth (Business Wire)
Conshohocken-based investment management platform runs on Salesforce's cloud.

Oracle Profit, Sales Top Estimates Amid Shift to Cloud (Bloomberg)

Oracle posts stronger-than-expected Q2 earnings, revenue results (ZDNet)

2014 Year in Review: Evaluating SAP, Part II (ASUG News) Connects To Microsoft SharePoint (Information Week)

DoD releases new federated cloud procurement policy (Federal Times)

Broadcasters try to block Aereo asset sale, $90M tax transfer (Gigaom)

Time Warner Cable, Boingo turn on Hotspot 2.0 (Gigaom)

Comcast deserves a fair shake
(Inquirer OpEd/Varsovia Fernandez, president and CEO of the Greater Philadelphia Hispanic Chamber of Commerce)

Why broadband execs are telling Washington and Wall Street different things on net neutrality (Washington Post)

Analytics Showdown: Should Apps Be Simpler, Or Smarter? (Information Week)

If You Build It: The Rise Of The Mega Data Center (CRN)

Philadelphia getting another Healthcare IT headquarters; Safeguard Scientifics-backed venture

Tom Paine

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Philadelphia is getting another healthcare IT firm headquarters, and that firm is getting a new CEO, it announced this morning. 

The company is Safeguard Scientifics-backed Dabo Health, currently based in San Francisco. The design and engineering team will remain in San Francisco.

Robert V. Stanek
The new CEO is Robert V. Stanek, who is no stranger to the Philadelphia healthcare scene as he previously headed Newtown Square-based Catholic Health East, a system consisting of 35 acute care hospitals and numerous other healthcare facilities and services. It employs about 54,000

Dabo Health's previous CEO, Camilo Barcenas, will now serve as Founder and Chief Development Officer.

Safeguard has not publicly announced its investments in Dabo Health, but a company spokesperson told me by email that it had deployed a total of $1.5M in the company since November 2013, which has been reflected in its quarterly statements. That apparently represents the bulk of its financing to date, which CrunchBase shows as $2 million. (Correction: Dabo Health says it has raised approximately $8M to date.)

Currently completing a pilot project at Mayo Clinic, Dabo Health "is an innovative platform that uses a social media format to provide easy access to information and metrics that helps nurses, physicians, and front line staff have the information needed to improve quality of care," the company said in its release. “Dabo Health has developed a highly innovative and differentiated online and mobile visualization platform for providers and payers to make key performance metrics accessible and actionable, while identifying best practices to improve care quality and reduce costs,” said Mr. Stanek.

Stanek indicated that "Dabo Health will be in the position to pursue additional funding in 2015."

Dabo Health currently has approximately 20 employees. Specifically for the Philadelphia office, Dabo Health plans to ramp up to approximately 10 employees in the short-tern and grow from there. It is currently investigating multiple sites in the Greater Philadelphia area.