Aria Systems, with R&D in Delaware County, raises another $40 million

Tom Paine

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Aria Systems, a SaaS subscription billing vendor founded in Delaware County before migrating its headquarters to Silicon Valley, raised another $40 million in VC funds, it announced today. This brings the total it has raised to $83 million.

Aria still has its R&D based in Broomall, Delaware County. According to LinkedIn, it has 48 employees in the Philadelphia area.

The round was filled with heavyweight investors, led by Bain Capital Ventures, with participation from existing investors VMware, Hummer Winblad Venture Partners, Interwest Partners, Tugboat Ventures, and Venrock. Aria CEO Tom Dibble would not reveal the valuation, but was quoted by the San Francisco Business Times as saying it was a "significant increase" from the prior round.

Aria was founded in 2003 by Ed Sullivan, a Delaware County native and genuine serial entrepreneur who no longer is active in company management but remains on the board, according to Aria's website. He is currently CEO of G2Link, a Drexel Hill-based startup he founded along with his son.

Although Aria has several competitors, it is most closely identified with Zuora, which was
founded by former Salesforce exec Tien Tzuo. Both companies have a large presence at Dreamforce 2013.

Daily Links 12/4/2012: IBM completes Kenexa deal; DreamIt Ventures launches accelerator for Healthcare

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SmartThings, a Kickstarter Hit, Raises $3M More From VCs and Angels (All Things D)
First Round Capital leads round.


DreamIt Ventures Teams Up With Blue Cross, Penn Medicine To Launch An Accelerator For Health Startups (TechCrunch)

Philly student-investors choose Dorm Room Fund’s first deal: Firefly (PandoDaily)

We know accelerators are headed for a shakeout — but do they? (PandoDaily)
Discusses DreamIt Ventures, among others.

IBM Completes Acquisition of Kenexa (IBM)

How a theater major went from scripts and sequels to scripting SQL (Gigaom)
On Aria Systems co-founder and Philly area resident Brendan O'Brien.

Verizon CEO says no to Dish spectrum deal, big acquisitions (Reuters)

Verizon CEO: Redbox Streaming Video Venture Launch Pushed Back to Early 2013 (Hollywood Reporter)

Netflix and The Walt Disney Studios Announce Multi-Year Premium Pay TV Window Agreement in the United States (PR Newswire via MarketWatch)

Netflix takes Disney pay-TV rights from Starz (LA Times: Company Town)

Dish Network CEO Charlie Ergen, the TV Distrupter (Ad Age)

Comcast, Time Warner Cable host RDK conference (Communications, Engineering & Design Magazine)

An 'Uber' Problem for Cities: Balancing Innovation with Regulation (Knowledge@Wharton)




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Daily Links 5/13/2011: SAP Told to Pay $345 Million for Infringing Versata Patent

SAP’s Plattner Courts Coca-Cola With Data-Analysis Software (Bloomberg)

SAP North American President Bob Courteau on Teamwork and Technology (ASUG News)

SAP Told to Pay $345 Million for Infringing Versata Patent (Bloomberg)

NetSuite under the microscope (ZDNet Blogs)

Aria Systems Announces Connector SuiteApp For NetSuite's SuiteCloud Computing Platform
Greater Configurability and Billing Sophistication Now Available for NetSuite Customers (Business Wire)

FCC’s Meredith Baker goes on the defensive (Washington Post: Post Tech)
Responds to criticisms over move to Comcast.

Netflix: ISPs Kill Web Freedom, Suck All Profits (Gigaom)

Verizon chief sees 3 big wireless firms in future (Tampa Tribune)
Lengthy, informative interview with incoming CEO Lowell McAdam.

Motorola Mobility Buys SunUp Digital Systems
Fourth Acquisition Since December 2010 (Multichannel News)

Tough Questions To Ask Cloud Service Providers (Information Week)



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Daily Links 3/24/2011: Comcast Urged Employees To Vote For Charter In 'Worst Company' Poll

Comcast Urged Employees To Vote For Charter In 'Worst Company' Poll
Biggest U.S. Cable Operator Said It Was Responding to Consumerist's Invitation to Participate
(Multichannel News)
I held off on this story until I knew it was a Corporate-sponsored effort rather than some prank by a local office.
However, I don't really hold the Consumerist in high regard as an unbiased observer of Comcast, and don't see anything wrong with what Comcast did although it will likely cause a negative PR backlash that will play to the Consumerist's advantage.

Time Warner Cable Is Said in Talks to Use Falcone's LightSquared Network (Bloomberg)

Clearwire Chairman wary of raising more debt (Reuters)

Oracle to give early view of software demand (Reuters)

Oracle FYQ3 Beats; Ups Dividend 20% (Barron's: Tech Trader Daily)
Oracle tops profit views, sales rise 37% (MarketWatch)

Announcing the 2011 OnDemand 100 Top Private Companies (AlwaysOn)
Includes Philly-area companies Aria Systems, Fiberlink, iPipeline, and Portico Systems.

Business Incubator Series: Interview With Kerry Rupp, Managing Partner, DreamIT Ventures — Bryn Mawr, Pennsylvania (Part 1) (Sramana Mitra)

Energy efficiency is SAP’s strongest 2010 sustainability success story (SmartPlanet)

Business Intelligence Goes Mainstream At info360
(Information Week)

Fishing with the press of a button (phillyBurbs.com)



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Daily Links 1/20/2011: Verizon challenges FCC rules on net neutrality

HIStalk Interviews Todd Fisher, CEO, MobileMD (HIStalk)
Warminster Healthcare IT startup definitely worth watching.

An update from the Chairman (Official Google Blog)
Eric Schmidt steps aside as CEO while remaining Chairman; Larry Page to be CEO.

Verizon challenges FCC rules on net neutrality (Washington Post: Post Tech)
Verizon is doing something I believe Comcast will no longer be able to do per FCC conditions on the NBCU merger.

Aria Systems Triples Bookings in Fourth Quarter (Business Wire)
Aria is based in San Mateo and Media, Pa.

Tyco Electronics profit tops forecasts (Reuters)

Analysts: Comcast-NBC Universal Conditions Won't Promote Cord Cutting (Hollywood Reporter)
FCC Order on Comcast/NBCU (pdf)

Old Interface Learns New Tricks in Mobile Payments (American Banker)
On Philly startup Xipwire.

SAP AG ESTABLISHES $350 MILLION SAP VENTURES FUND I, L.P. (SAP Press Release)

HP Ads Meg Whitman, Four Others To Board (Barron's: Tech Trader Daily)

Philadelphia Fed Factory Index Decreased to 19.3 in January (Bloomberg)
January 2011 Philly Fed Business Outlook Survey

Clearwire spectrum auction interest dwindles: sources (Reuters)


Citizens Bank Park, Home of the Phillies, Goes HD! (Phillies.com)
Something to look forward to on long winter days.



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Daily Links 12/7/2010: Salesforce introduces Database.com, Chatter.com

Voxware Completes Transition to Private Company
Privatization Enables Investment for Growth and Reduces Cost (Business Wire)

II-VI acquires another optics firm (Pittsburgh Post-Gazette)
Acquires Philadelphia-based Max Levy Autograph Inc.

Flextronics, Siemens Lead 'Big Shift' to Cloud Computing
After years of experimenting with the cloud, companies are turning over ever larger tasks to outside providers that deliver software and computing over the Internet (Bloomberg Business Week)

Salesforce.com unveils Database.com (Computerworld)

Salesforce launching Chatter.com, an enterprise-style Facebook, early next year (VentureBeat)

Aria Systems Announces Enhanced Integration With Salesforce CRM for Cloud Billing (Marketwire)

Comcast merger helps consumers (Politico)
Opinion piece by Ed Rendell.

Verizon eyes more flexible FiOS data options (Reuters)

Verizon Exec: LTE Possible Cable Replacement (Wireless Week)

Comcast Xfinity App Launches for Android, Control Your DVR Remotely and More (Phandroid)

AT&T Acquires Xanboo, Developer of Home Automation Platform (CE Pro)
Follows on heels of last week's Motorola acquisition, recent Verizon and Comcast activity.





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Daily Links 9/16/2010: Comcast sees huge opportunity in business services

Angelakis: Big Opportunities in Commercial
NBCU On Track for Year-End Close (Multichannel News)

Coalition Seeks Another Comcast/NBCU Hearing
Argues deal deserves another vetting because it will 'set the benchmark' for future consolidation (Broadcasting & Cable)

Netflix. Meet Hulu. Now, How About Merging Together? (Fast Company)

Sprint CFO: Clearwire buyout too expensive for now (Reuters)

Motorola Mobility: Westward, Ha! (Light Reading Mobile)
Not sure what this is going to mean for Horsham-based Motorola Home, which is to be spun off as part of Motorola Mobility.

Philly Fed Index Shows Contracting Manufacturing in Mid-Atlantic Region (Wall Street Journal: Real Times Economics Blog)
Philly Fed Business Outlook Survey

Oracle FY Q1 Revs, Profits Exceed Street Estimates (Barron's: Tech Trader Daily)
Oracle Earnings Top Estimates on Software, Sun Sales (Bloomberg)


Philly's Newspapers Are Going Back on the Block (Daily Finance)

Checkpoint Systems Creates RFID-centric 'Visibility' Division (RFID Journal)

Alteva helps channel partners with no money down UC rental plan (FierceVoIP)
Alteva is based in Philadelphia.

Taleo Powers Talent Exchange With Aria Billing and Subscription Management Platform (Marketwire)
Aria is based in Media.




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Daily Links 8/31/2010: GSI Commerce's Rue La La growing rapidly

Pressmen reject Philadelphia newspapers' contract offer (Philadelphia Inquirer)

Rue La La fashions a niche in tough online sales market (Boston Globe)
GSI Commerce acquisition reportedly doing well in hot market.

Industry Minds Appear To Be Meeting Over Net Neutrality
Parties face Sept. 2 deadline for FCC meeting agenda (Broadcasting & Cable)

FCC Releases Details From Comcast, NBCU Meeting (National Journal: Tech Daily Dose)
Not much.

Alabama county mulling whether to keep, jettison SAP (Reuters via IDG)

Airgas Provides Update on Value of Highly-Customized SAP Implementation (PR Newswire)

Alteva Announces Cuthbert New CEO
New Successor Comes at a Time of Tremendous Growth (Marketwire)

Aria Systems and VMware Collaborate to Redefine Cloud Services Monetization (Marketwire)

Verizon, VMware Create Cloud Services (Light Reading)

Motorola Upgrades Software To Manage 'Multiscreen' Home
EDGE Software Suite Includes Renamed NBBS Platform (Multichannel News)




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Daily Links 2/11/2010: SAP appoints new COO; Schwarz resigns

Motorola targets first quarter of 2011 for split into two (Engadget)
Motorola Press Release

DOJ: No Need for Warrant for Cell Location Information (PC World)
Court of Appeals hearing scheduled for Philadelphia tomorrow.

Paperboy 2.0: Using the Cloud to Get Paid for Application and Content Subscriptions (ReadWriteCloud)

Aria Announces Aria Platform Standard and Enterprise Editions (Marketwire)

SAP Announces Subsequent Changes to Executive Board and Management in Support of New Co-CEO Structure (PR Newswire)
The resignation of John Schwarz is a bit of a surprise to me; he had been positioned as one of the key change agents at SAP recently.

Researchers create world’s first solar power circuit (SlashGear)
Developed at Penn.

Motorola May Spin Off, Not Sell Set-Top Box Business (Bloomberg via Business Week)

After Facebook, Google Looks to Eat Comcast's Lunch (The Atlantic Wire)

Al Franken uses conflict with NBC/Comcast execs to help raise cash (City Pages: The Blotter)

Quality Systems, Inc. Acquires Opus Healthcare Solutions
Acquisition Marks Entry into Rural and Community Hospital Market (Business Wire)
To become part of NextGen Healthcare Information Systems in Horsham.

Siemens and NextGen Healthcare Renew Alliance To Deliver Ambulatory IT Solutions (PR Newswire)


USA Technologies, Inc. Reports Second Quarter Fiscal 2010 Financial Results (Business Wire)

Startl Design Boost and Startl Accelerator (A VC)


Q&A: Valerie Gaydos, Private Investors Forum (Keystone Edge)

Lockheed’s N.J. unit wins $160M Navy contract (Philadelphia Business Journal)

Technology awards to be held Friday in Harrisburg (Harrisburg Patriot-News)



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