SevOne holds first user conference at UDel

Tom Paine



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SevOne is holding its first annual user conference, NEXT15 | INNOVATION AT SCALE, yesterday and today at the University of Delaware, where it was founded.

The company, which recently closed a venture round of $50 million that reportedly valued the company at close to $1 billion, was using the occasion to mark the 10th anniversary since its founding, in addition to sharing knowledge with its customers and important partners.

Its sessions are closed to the public.

This morning SevOne announced the release of version 5.5 of its SevOne Performance Monitoring Cluster.

You can also see the SevOneInc twitter stream for today, which is quite interesting.







A highlight of the 10th Anniversary Bash, was that it was held in the new STAR building on the university's grounds that will house much of SevOne's Delaware workforce:





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Wednesday Highlights: Verizon, by acknowledging Comcast's trigger on MVNO deal, signals Comcast wireless plans






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Comcast Said to Be Planning Wireless Push With Verizon's Network (Bloomberg)

Comcast Moves Closer to Offering Cell Service, Activates Deal With Verizon (Re/code)


New SAP Tool Aims To Fuse Content and Community With eCommerce (TechCrunch)

Consumer tech space catches this serial entrepreneur's fancy (Business Standard of India)
On Philly/ Hyderabad-based Sashi Reddi. Article title is somewhat reverse of its content.


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Phenom People, formerly iMomentous, raises $6 million; Karsan joins board


Tom Paine



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Phemon People, the former iMomentous which was renamed in September, announced yesterday it had raised $6 million in Series A venture funding led by Sierra Ventures. The announcement came at the HR Tech trade show in Las Vegas. Phenom People, which as iMomentous connected employers and job seekers via a mobile platform, now calls itself a "Talent Relationship Marketing" company.

Perhaps most significantly, Kenexa co-founder Rudy Karsan, who certainly knows that game as well as anyone, joined the board. Karsan is also founder of Philadelphia-based venture invetment firm Karlani Capital. A Sierra Ventures representative will also join the board.
Rudy Karsan / LinkedIn

Phenom People claims global brands like Cisco, Deloitte, Safeway, Fidelity, and Hershey’s as clients. Its secret sauce is a proprietary engine it developed called "the Phenom Enterprise Talent Graph, that collects and analyzes candidate data and combines it with predictive intelligence to help candidates, recruiters and hiring manages find matches more effectively and efficiently – enabling a new approach to employee recruitment as powerful as CRM is for sales and marketing."

iMomentous was a finalist in the 2013 Phorum demo pit competition.

Although Phenom People datelined its press release out of Philadelphia, a spokesperson for the company says it plans to remain in its current location in Horsham. No official word on whether Mr, Karsan is also an investor, but iMomentous is listed as a portfolio company on Karlani Capital's website. My recollection was that
he already was an investor prior to this transaction.

Philadelphia/Hyderabad-based VC & Entrepreneur Sashi Reddi has also been an investor in iMomentous, though it also is unclear whether he participated in this round.




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