Showing posts with label Deloitte. Show all posts
Showing posts with label Deloitte. Show all posts

Bill McDermott, Digital Health highlight IMPACT 2014 Capital Conference


Tom Paine



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Philadelphia PACT's annual IMPACT 2014 Capital Conference begins Tuesday, October 28 and runs through Wednesday at the Ritz-Carlton Philadelphia. I had an opportunity to talk with Michael Purcell, Partner of Deloitte (lead sponsor this year) and Chairman of IMPACT 2014 Capital Conference, and Dean Miller, President and CEO of PACT to review the program.

It will have two key highlights in my view: Bill McDermott as a keynote speaker, and an emphasis on the deep, expanding digital health community in the Philly area.

Bill McDermott /PACT
McDermott, the dynamic executive who earlier this year became the sole CEO of enterprise software giant SAP (he had been co-CEO), is the first American CEO of the Germany-based company. His home base is SAP's North American headquarters in Newtown Square, although with his expanded role he's spending more time in Germany, and has purchased a home there. McDermott, who has been mentioned as a possible candidate for high public office (though I don't know the origin of the rumor that he might have interest), has also penned a recent book, Winners Dream: A Journey from Corner Store to Corner Office, partly autobiographical and partly a story of others' triumphs over challenges.

He may discuss the book among other things in the keynote, which actually will in the form of a Q&A conducted with Technical.ly 's Chris Wink.

The other keynoters are Bill Richardson, former governor of New Mexico who's served in several high-level roles in DC and is extremely knowledgeable about what's happening there, so he might include some interesting pre-election insights, and Dara Torres, 5-time Olympic Swimmer with 12 medals.

The other primary emphasis of the conference is healthcare, and in particular what PACT refers to as "digital health" covering a wide range of digitally driven healthcare products and services. A general session on Tuesday will be devoted to the subject. PACT, Ben Franklin Technology Partners of SEPA, EY, Fairmount Partners and The CEO Council for Growth have joined to produce a comprehensive analysis of the digital health opportunity in the region, including investment and exit activity over the past several years and a look at the healthcare and IT assets that make Philadelphia a magnet for healthcare innovation. The results, which should be valuable, will be presented at the session and released publicly.


In addition, one healthcare panel will focus on clinical trials, which is a huge business around here both for Pharma and the digital technologies needed to support them, and there will be another panel on mobile technology in healthcare IT.

Two other panels interest me in particular: a group of VCs from outside the region
will discuss why the Philly area is an interesting place to look for deals, and a group of
prominent local CIOs present the IT buyers' perspective, something that's always important to understand.

There will be 45 presenting ventures in three tracks: early-stage, healthcare and technology. Presenters range from fairly established firms (such as RJMetrics, which probably squirms as being named part of the establishment) to others most readers haven't heard of yet. But they were chosen through a rigorous selection process.

When asked what trends stood out in the area, Purcell mentioned the growing number of startups that merit attention, and added that the conference format has been changed to reflect that trend.


You can download the Philly IMPACT Mobile APP here. Also, there should a few sharply reduced-price tickets left for qualified entrepreneurs.


Links 9/9/2013: Drexel forming new College of Computing and Informatics






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DREXEL ANNOUNCES NEW COLLEGE OF COMPUTING AND INFORMATICS (Drexel Now)

Deloitte gobbles enterprise software specialists
(ZDNet)

SAP focuses on stability, data source support with Business Objects update (PC World)


Why SunGard AS Chose CloudStack (Data Center Knowledge)

Unisys takes on the big names in x86 servers with mainframe technologies (IT World)

Quality Systems, Inc. Acquires Mirth Corporation (Business Wire)
Quality says acquisition will "accelerate {Healthcare Transformation Strategies of QSI’s [Horsham-based]NextGen Healthcare Subsidiary and Mirth".

Aramark files plans to go public again (AP via Boston Globe)

OLED CEO Lists Blue Material, Lighting, Thin-Films, Vapor Printing Among Goals (Barron's: Tech Trader
Daily)

NBC spreads its wings on Sixth Avenue (New York Post)
Should pretty much rebut ridiculous rumors about Comcast relocating NBC stuff to Philly.



Comcast Begins EA Games Pilot (Light Reading)

NBCU Switch-Up: Esquire Network to Take Over Style, Not G4 (Exclusive) (Hollywood Reporter)

Live From Tokyo? NBC Faces a Time Shift for the 2020 Olympics (Business Week)



PACT Announces IMPACT 2013 Venture Summit Full Conference Lineup (Business Wire)

How Infor CEO Charles Phillips Is Quietly Becoming The 'Steve Jobs' Of Business Software
(Business Insider)





Daily Links 4/22/2013: Netflix leaps on quarterly results; CardioNet to become BioTelemetry





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As Time Warner Spins Off Magazines, Analysts Eye a Merger With CBS (Ad Age)

CBS Corp. Takes Minority Stake in Local TV Streaming Tech Firm Syncbak (Hollywood Reporter)

Netflix Jumps 18%: Q1 Revenue, EPS Beat; 2M Net Domestic Streaming Adds
(Barron's: Tech Trader Daily)

Netflix Subscriber Gains Exceed Estimates on Originals
(Bloomberg)

CardioNet, Inc. to Modify Business Structure in Support of Growth Strategy
Company to Change Name to BioTelemetry, Inc.
(Business Wire)

Capital One posts solid quarterly earnings; former ING Direct said to be well positioned (Wilmington News Journal: Delaware Inc)

Deloitte local employment down 18% (Philadelphia Business Journal)

IDC: SAP and Oracle winners as software growth slows (PC World)


Upstart, A Site For Crowdfunding People, Raises $5.9M From First Round, Eric Schmidt, And Others (TechCrunch)

Thrown for a Curve in Rhode Island (New York Times)
Ongoing fallout from failure of Curt Schilling's 38 Studios.




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QlikTech jumps 18% after earnings announcement; Europe concerns remain




Tom Paine


Radnor-based BI software vendor QlikTech saw its shares jump 18% today after announcing its 2nd quarter earnings yesterday afternoon. The increase probably was due to the fact that QlikTech got most of the bad news out of the way earlier this month when it lowered its forecast for the quarter, and that its outlook for the second half of 2012 looks somewhat stronger.

Revenue rose 16% to $85.8 million, while the GAAP net loss was $2 million, down from $2.7 million a year ago. The company said revenue grew 24% year-over-year on a constant currency basis. During its earnings conference call, QlikTech CEO Lars Björk pinned the bulk of the slowdown on Europe, which accounts for 57% of total revenue. On a constant currency basis, revenue from Europe increased 20% over the prior year period, compared to 30% in the Americas and 32% from the rest of the world. Management cited an "abrupt" change in European purchasing behavior in the last two weeks of the quarter. Björk said he saw little change in competitive or pricing pressures.

QlikTech now has 26,000 customers, and employment continues to grow as the company now has 1306 employees, a 35% increase from one year ago. QlikTech says its plan is to continue hiring (as you can see on the company's job board here), although in response to a question later in the conference call Björk did say that a slower hiring pace is something that might be considered. Initiatives highlighted included QlikTech' acquisition of Expressor Software (no numbers given), the development of QlikMarket (its third-party app marketplace) and QlikTech' joining Google's Cloud Platform partner program. I sensed a little uncertainty or cautiousness in Björk's comments on QlikMarket although he says the launch is still planned for this year, and CFO Bill Sorenson said they hadn't seen too much demand for BI in the Cloud, which may make one wonder how important the Google Cloud partnership is for QlikTech. Björk also mentioned QlikTech's expanding partnership with Deloitte Consulting. Although QlikTech says more of its revenue is coming from larger accounts, it said it closed 86 deals in excess of $100,000 versus 104 in the quarter a year ago.

Revenue guidance for the third quarter is in the range of $87.0 million to $90.0 million, and for the full year guidance is in the range of $376.0 million to $386.0 million, an increase of about 19% over 2011 at the midpoint of the range. Non-GAAP operating income is expected to be in the range of $42 million to $47 million, a 12% non-GAAP operating margin at the midpoint.

QlikTech (NASDAQ: QLIK) closed today at $20.78, and has a market cap of just under $1.8 billion. Its shares are off about 30% over the past three months.



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Daily Links 2/2/2011: Marin County files RICO suit against SAP, Deloitte

Marin County alleges SAP, Deloitte engaged in racketeering (Computerworld)
RICO suite. Somewhat surprising to see SAP included, since most reports I had read had laid the blame more on Deloitte rather than SAP.

Two Hints at Stepped-Up Media Rivalry in Online Streaming (New York Times)

Comcast App Now Playing Video On iPads
Streaming Content Includes Shows and Movies from HBO, Turner, Showtime, Starz
(Multichannel News)

Comcast Versus President Davis to Exit Sports Channel After NBC Merger (Bloomberg)

Mark Lazarus Named President of NBC Sports Cable Group (Press Release via Hollywood Reporter)
Ebersol names management team for newly formed NBC Sports Group.

NBC Sports Group restructures in wake of Comcast deal (LA Times: Company Town)


Time Warner Cable Buys Enterprise Hosting And Cloud Services Company NaviSite For $230M (TechCrunch)

U.S. court rejects Verizon request for same judges (Reuters)

Unisys' 4th-quarter profit falls 13 percent (Bloomberg)

SunGard Availability Services Announces General Availability of Enterprise Cloud Services (PR Newswire)

Gartner Quadrant Reports BI Split (Information
Week)
QlikTech in Gartner's Leaders Quadrant for first time.

Epocrates shares rise on higher IPO pricing (AP via Forbes)

U.S. Tries Open-Source Model for Health Data Systems (New York Times: Bits)

SAP Extends Ecosystem via Google Docs Alliance (IT Business Edge)

iPads become reality in Wharton classrooms (Daily Pennsylvanian)



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