Philly EnterpriseTech Roundup 11/17: Deloitte Fast 500, Google Cloud, Fox SportsNet
Tom Paine
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The Deoitte Fast 500 was released on Friday. It is intended to reflect the fastest growing tech companies in North America. Philly-area privately held software companies named include Phenom People (ranked 128th), Health Union (162), Cloudnexa (203), Journaya (374), and GreenPhire (391). Publicly traded Meet Group was also included.
The Fast 500 also includes several Philly-area biopharma startups.
Thomas Kurian, president of product development at Oracle until resigning at the end of September, has reemerged as the soon-to-be CEO of Google Cloud, replacing Diane Greene. Kurian, who will take some time to wash all the red gathered over his his 20 years at Oracle out of his system, joins the distant #3 competitor in the Cloud market. Greene, who co-founded VmWare and sold a later startup to Google, will remain on Google-parent Alphabet's board.
Comcast did not submit a bid for 22 Fox regional sports networks, which were acquired by Disney but must be unloaded to meet government antitrust requirements, Sports Business Journal reports. Preliminary reports suggest the new Fox also did not bid, even though market watchers has expected it to try to recapture the networks at a discount. If true, the field is left wide open for a newcomer.
NBC Broadcasting and Sports chairman Mark Lazerus said that he anticipated anti-trust scrutiny if the cable giant tried to buy any RSNs.
The gem of the Fox networks is the New York area's YES Network, which carries the Yankees.
USA Technologies (Malvern) says it has an agreed upon path with NASDAQ for returning to compliance and retaining its NASDAQ listing, but still has not disclosed the reason for an internal audit questioning the remote electronic payments specialist's accounting methods,
