Philly EnterpriseTech Roundup: Zayo, SAP, Urban Outfitters, David's Bridal
Tom Paine
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Private Equity firms are buzzing around Zayo , with its huge fiber network on the east coast and elsewhere. Zayo has often been named by various sources as a possible Comcast acquisition target. Including debt, the company is valued at around $11 billion.
Jonah Peretti, the founder and chief executive of BuzzFeed, suggests mergers with similar content producers as a way to gain more leverage with Facebook and other ad platforms. Comcast is a major investor in BuzzFeed, but things are not quite living up to expectations.
SAP acquired French intelligent robotic automation firm Contextor , whose machine learning and robotic automation portfolio helps to accelerate in-app performance. SAP intends to use the technology to juice up SAP S/4HANA initially.
Jelli, a California-based ad buying platform for radio that received initial backing by First Round Capital, is being acquired by iHeart Radio . Terms are not known, but Jelli has become a significant power in the revenue-starved radio business. iHeart is preparing to exit Chapter 11 bankruptcy.
Urban Outfitters recorded a fairly good quarter , and emphasized International as a major source of future growth. One of its international sources might surprise you.
Conshohocken-based David's Bridal declared bankruptcy as anticipated , and continues to expect all stores to remain open while it reorganized its finances.
