Showing posts with label GSI Commerce. Show all posts
Showing posts with label GSI Commerce. Show all posts

Ebay to explore sale or IPO of King of Prussia-based Ebay Enterprise unit (formerly GSI Commerce)



Tom Paine



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GSI Commerce becomes part of Ebay, June 2011


Ebay said today in conjunction with its earnings announcement that it may explore a sale or an IPO of its Ebay Enterprise unit, which is based in King of Prussia.

Ebay acquired the company, then known as GSI Commerce, in March 2011 for $2.4 billion in debt and cash. GSI founder Michael Rubin, who started selling sporting goods as a teenager in Devon, retained stakes in Fanatics (a phenomenal success), ShopRunner (a high valuation) and Rue La La (perhaps less successful) as part of his Conshohocken-based Kynectic LLC holding company.

Ebay tried to position the unit, later renamed Ebay Enterprise, as part of its overall strategy, though progress was hindered by several factors, including the insider trading conviction of former Rubin deputy and GSI Commerce/Ebay Enterprise CEO Christopher Saridakis in 2014 and the pressure on Ebay to split up.

There are 2800 Ebay Enterprise employees on LinkedIn, but the number varies dramatically seasonally.

Ecommerce software unit Magento was also folded into Ebay Enterprise under Ebay.

Ebay also announced today plans to cut 2,400 positions across all divisions of the company.


Saridakis resigns as head of eBay Enterprise "for personal reasons"




Tom Paine



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Chris Saridakis has resigned as the head of King of Prussia-based eBay Enterprise for personal reasons, according to an eBay press release.

The announcement and its timing are somewhat surprising, given that eBay Enterprise (formerly GSI Commerce) appeared to be playing an increasingly central role within eBay's overall strategy, with Saridakis having a very visible role as part of eBay's management team.

Saridakis had served as president of eBay Enterprise since June 2011, after eBay acquired GSI Commerce (renamed eBay Enterprise in 2013), where he was part of that company’s management team. Prior to GSI Commerce he had headed up PointRoll.

Tobias Hartmann, vice president, Omnichannel Operations and International, will serve as interim head of eBay Enterprise while an external search is conducted for a permanent successor, the company said in its statement.

More from USA Today , citing sources suggesting that slower than expected growth at the unit may have been a factor behind the departure.







PayPal, along with EBay Enterprise, tests Amazon Prime competitor; ShopRunner says not involved




Tom Paine



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EBay's PayPal is testing (for a limited time for now, anyway) an Amazon Prime-like service offering two day shipping, in conjunction with King of Prussia-based EBay Enterprise. In fact, many (perhaps most) of the merchants shown as being involved in the trial peiod are EBay Enterprise customers.

My first thought upon hearing this was that Amazon Prime competitor ShopRunner, which is partially based in Conshohocken, must be involved. After all, EBay owns a considerable stake in ShopRunner (thought to be 30% before Alibaba's reported $70-75 million investment in August, which may have diluted that percentage) and ShopRunner's CEO is former PayPal Pesident Scott Thompson. And ShopRunner is part of GSI Commerce founder Michael Rubin's Kynetic LLC. Rubin, of course, sold GSI Commerce, recently rebranded as EBay Enterprise, to EBay two years ago. It would all make sense, wouldn't it? Why reinvent the wheel?

Except there is no connection as of now, according to ShopRunner. In response to my question on that issue, I received the following statement from ShopRunner chief strategy officer Fiona Dias, herself a former top executive at GSI Commerce:

"ShopRunner is not involved, but we are big fans of 2 day shipping. It’s a real driver of customer satisfaction and retailer sales. We believe it’s something that drives consumer preference and loyalty and, as such, think it should be an ongoing benefit that retailers provide their best customers.”

Of course, another issue here could be that EBay may see Alibaba as a competitor, at least in parts of the world. China-based Alibaba, which is moving towards a huge US IPO, has a payment service named Alipay that competes with PayPal in some countries.

More on this as it develops.



Daily Links 6/6/2013: IMS Health acquires SaaS vendor for Life Sciences reps; Magneto merchants can now use GSI fulfillment services






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Comcast exec insists Americans don’t really need Google Fiber-like speeds (BGR)

Light Bulbs Get a Smartphone App as Comcast Goes Beyond Cable (Bloomberg)

Pa Convention Center picks SMG - Update: Shapiro's 'Aye' (Philadelphia Inquirer)

'Solid', 'not massive' profit on LifeShield deal; Hagan joins DirecTV
(Philadelphia Inquirer)

IMS Health Announces Acquisition of Incential Software
Expands Leading-Edge SaaS Incentive Compensation Capabilities for Life Sciences
(Business Wire)

3Pillar Global Receives $12 million Series A Funding led by NewSpring Capital (PR Web)

Exclusive: eBay Extends GSI Fulfillment Service to Magento Merchants (eCommerceBytes)

SAP dips its toe in the e-commerce pool (Jon Reed/Diginomica)

SAP at work on Sentinel, an 'Amazon for Stocks' (Computerworld)

Seaport ad firm Allen & Gerritsen takes on Philly’s Neiman in friendly acquisition (Boston Business Journal)

Carriers Sell Users’ Tracking Data in $5.5 Billion Market
(Bloomberg)
SAP a big participant in emerging market.

Lockheed Martin completes functional testing of first GPS III satellite bus electronic systems
(Phys.org)

Amazon’s Relational Database Service Hits General Availability, Gets SLA With 99.95% Monthly Uptime Promise (TechCrunch)




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Daily Links 4/10/2013: Another suburban tech firm (iPipeline) adds staff in City: Penn appoints new Chief Investment Officer





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NAB: Adobe Primetime Deployed on Comcast, NBC Sports
Also announces widespread availability of product for streamlining and monetizing multiplatform delivery of content
(Broadcasting & Cable)

Now CBS is threatening to become a cable channel if Aereo isn’t shut down (VentureBeat)

Why I Need Aereo TV — And You Do, Too [Review] (ReadWrite)

Genachowski Suggests Limited Role for FCC in Aereo Dispute (Variety)



Verizon CEO hints at a la carte pricing for video (FierceCable)

AT&T's Few Fiber to the Home Users See Speed Boost
Some Users Now Able to Get 24 Mbps -- On Fiber
(Broadband Reports)

Deutsche Telekom Sweetens T-Mobile’s Bid for MetroPCS (All Things D)

Peter H. Ammon Named Penn’s Chief Investment Officer (Penn News)



Tech firms keep adding Center City Philly branches (Philly.com: Philly Deals)
iPipeline the latest.

eBay to Share Shopping Data with Retargeting Advertisers (EcommerceBytes.com)

eBay’s PayPal and Magento join hands to offer a mobile payment service (Gigaom)

Blackstone Searches for Tech Partner in Dell Dance (Fox Business)

The PC market is a horror show right now (Gigaom)


Manhattan’s Hudson Yards Gains L’Oreal, SAP as Tenants
(Bloomberg)




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Today in Philly Tech History 3/28/2011: eBay announces it will acquire GSI Commerce for $2.4 billion





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On March 28, 2012, eBay announced it would acquire King of Prussia-based ecommerce company GSI Commerce for $2.4 billion, or $29.25 per share.

As part of the deal, eBay agreed to spin off 100% of GSI Commerce's sports licensing business and 70% of flash sales site Rue La La and delivery service ShopRunner, into a newly formed holding company to be led by GSI Commerce founder and CEO Michael Rubin, later to be named Kynetic LLC and based in Conshohocken. eBay also agreed to loan Rubin's new company $467 million.

In an interesting move, First Round Capital's Josh Kopelman, a former eBay executive for a period after it acquired his company Half.com, joined GSI Commerce's board less than two months before the deal was announced.

At eBay's analyst day this past week, the company indicated its expectation for GSI Commerce was for its revenue to grow at about a 14% annual rate to between $1.5 and $1.7 billion in 2015, with a direct segment profit margin of 16 to 18%.




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Daily Links 1/31/2013: Monetate, RES Software report big years




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RES Software Shatters Multiple Sales and Performance Benchmarks in 2012 (Business Wire)

Monetate More than Doubles Revenue, Client Base and Employees in 2012, as Marketers Realize the Power of Big Data for Personalization (Monetate Website)

SAP to buy Ticket-Web, a CRM tool for promoters of sports and entertainment events (Computerworld)

Time Warner Cable Falls as Forecast Misses Analysts’ Estimates (Bloomberg)

In shift, Comcast now bills for once-free digital adapters(Philadelphia Inquirer)

CES Drops CNET, Names Dish Hopper Best in Show (Hollywood Reporter)

Craig Moffett, Top-Rated Analyst, Is Leaving Bernstein (Bloomberg)



TiVo Looks for Acquisitions in Data and Ad Sales (Ad Age)

GSI Commerce considers expansion in Louisville (Louisville Business First)

Philadelphia group launches campaign to save newspapers(Poynter)

NetSuite delivers strong Q4 (ZDNet)

CEO Interview: Jason Blessing of Plex Software (Brian Sommer/Enterprise Irregulars)




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Conshohocken-based ShopRunner brings in ex-Yahoo CEO Scott Thompson as its CEO


Tom Paine




ShopRunner, the Conshohocken-based unit of Michael Rubin's Kynetic LLC online retail holding company, this morning announced that it has hired Scott Thompson as its CEO. Thompson left Yahoo in May after a brief tenure as its CEO when it was revealed that his biographical information as it appeared in some places included a computer science degree he never earned. He also had a cancer scare, which apparently has been successfully treated. Prior to Yahoo, he ran eBay's PayPal unit, and certainly had the reputation of being an astute and successful executive. eBay, by the way, owns a 30% stake in ShopRunner, which it retained after acquiring GSI Commerce and spinning off the rest of ShopRunner to Kynetic. There was no discussion this morning by either ShopRunner execs or Thompson about the resume flap.

ShopRunner was launched in 2010 by Rubin and Mike Golden originally as a part of GSI Commerce, to offer an alternative to Amazon's Prime delivery subscription service for independent retailers, providing free two-day shipping and other benefits to its members. There isn't too much data out there about how its doing, though. Bloomberg cites some sources suggesting ShopRunner is having difficulties in gaining traction and getting some of the larger retailers to sign on.

ShopRunner CEO and long-time Rubin colleague Golden will now be President and report to Thompson, a move that may lead to some questions about his future role, though Golden explains in an internal memo that the Inquirer's Joe DiStefano obtained that it was always part of the plan to bring in a high-profile CEO for the long-term. Thompson, who has spent most of his recent years in Silicon Valley, will split time between the California offices of ShopSanity, a startup ShopRunner acquired earlier this year, and Conshohocken. In that regard, the newly approved helipad to be built on the riverfront in Conshohocken and paid for by Kynetic might come in handy in beating traffic from the airport. In fact, in my curious mind I wonder if the close timing of the two announcements is more than a coincidence.

Update: In response to an inquiry by Philly Tech News, ShopRunner's press representative said that the company is not currently releasing subscriber numbers.



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Daily Links 7/18/2012: UPenn, Caltech invest in Coursera

Coursera, the online higher education portal that offers free courses from a consortium of universities including Princeton, University of Michigan, Stanford and Penn, yesterday announced that the University of Pennsylvania and Caltech have made a combined $3.7 million investment in Coursera, with further investment from New Enterprise Associates and Kleiner Perkins Caufield & Byers. The total investment in Coursera is now $22 million. Coursera also announced that 12 more institutions of higher education have agreed to provide online courses through its platform. Coursera has not unveiled a monetization plan yet.

Update 7/19: The University of Washington says it will offer credit for some courses it offers through Coursera for a fee.

Philadelphia-based youth-oriented discount retailer Five Below increased its planned IPO pricing range from $12 to $14 to $15 to $17 per share. At the high end of the range, Five Below could have a value in excess of $900 million. The offering is expected to begin tomorrow (Thursday).

EXCLUSIVE-Silicon Valley startup, Workday, quietly files for IPO-sources (Reuters)
Emerging threat to SAP.

SAP North America’s New President: She’s Not Playing It Safe (ASUG News)



Daily Links 6/18/2012: Oracle reports earnings early; Verizon launches FiOS Quantum with 300Mbps down



Don’t Forget: TechCrunch Is In Philadelphia Tomorrow (TechCrunch)

Oracle Reports Q4 GAAP EPS Up 11% to 69 Cents; Q4 Non-GAAP EPS Up 10% to 82 Cents (Marketwire)
GAAP revenue up 1%. Oracle moved earnings release up from Thursday, as reports surfaced that a key exec (said to be North American sales chief Keith Block) is leaving company. Block's emails critical of Mark Hurd and Sun's hardware business came out during HP trial.

Oracle's sales and profit rise in latest earnings report (San Jose Mercury News)

Yep, it’s a tablet: Microsoft introduces the Surface (paidContent)

Verizon debuts FiOS Quantum with crazy 300Mbps download speeds (VentureBeat)

Ivan Seidenberg Joins Perella Weinberg Partners as Advisory Partner (Business Wire)

GSI in the New York state of mind (GSI Commerce Blog)

Oracle reportedly revealing 'key resignation' this week (ZDNet Blogs)



Philly Tech News Facilities Roundup: Who's moving or expanding? (6/13/2012)

Tom Paine

Real estate decisions (leases, expansions, new buildings or offices) are often a good indicator of what's happening within a company, industry or region. This periodic Philly Tech News feature is a roundup of recent facilities news involving Philly area tech firms.

Zivtech, the Philadelphia development shop focused on content management systems such as Drupal and Alfresco and headed by partners Alex Urevick-Acelsberg and Jody Hamilton, moved this week from its old office on Strawberry Street to new digs in the Philadelphia Building on Walnut Street, where they have taken about half of the 15th floor-RJMetrics has the other half. They tell me they've just about doubled their square footage.
The old office, now available, was Indy Hall's original location. Zivtech also has people located in Madison, WI, and New York City.
Zivtech got Drupaldelphia off the ground a few years ago, and its fifth edition will be held on Saturday (correction: that's Friday), June 22 at Temple. There will be other events during the weekend, including the Drupaldelphia After / Zivtech Office Opening Party Jawn on Friday night.

Comcast has extended and expanded its lease at a former data center in Mount Laurel, going from 44,000 to 72,500 square feet. Comcast currently employs about 200 in the space at the former SunGard Data Systems facility, at Executive Park at East Gate on West Park Drive, which it first moved into in 2007. Comcast says it is expanding its research and development operations in Mount Laurel, which are apparently related to its rapidly growing Business Services segment.

Bethlehem-based online video service Viddler announced in April the opening of its second data center in New York City. Its existing data center in Phoenix now serves as a redundant backup. In what it described as a "six figure investment", Viddler said its "new, redundant, premium hardware assures the performance boost along with the ability to serve even more traffic at high speeds". "Lastly, we’ve enhanced our security and monitoring capabilities to provide a faster response to any potential problems."

Radnor-based Business Intelligence software vendor QlikTech has taken a seven-year lease on a pre-built 6,000 square foot space in the newly rennovated building at 292 Madison Avenue in New York, the Commercial Observer reported last week.

MSNBC's Chris Matthews cutting ribbon at opening of VideoLink's new Philadelphia
facility (Source: VideoLink)
Newtown, MA-based VideoLink opened a new video studio and production facility on Delancey St in Philly last week. MSNBC's (and Philly native) Chris Matthews was on hand for the ribbon cutting. The new facility has 4800 square feet, up from 3000 square feet in its old facility on N. 17th St. VideoLink is a provider of broadcast and corporate media services, solutions, and proprietary video production technology.

At Media, the social media-oriented branding agency, moved its offices in early March from Cherry Street to 222B Race Street. The new office provides ground level storefront space and two levels.

King of Prussia-based GSI Commerce, a unit of EBay, has opened a new office in New York. It houses staff from GSI Commerce's marketing services businesses including mobile advertising, ad retargeting, ad analytics, affiliate, and email. The office will have about 150 employees.



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Daily Links 5/10/2012: Former Oracle, SAP Exec Wookey to Lead 'most' Application Development at Salesforce.com



SAP gets tough on violation of software use terms (Computerworld)

Spinnaker to fight Rimini Street for third-party SAP support market (SearchSAP)

Ex-Oracle, SAP Exec Wookey to Lead 'most' Application Development at Salesforce.com (PC World)

Salesforce.com Slides On Worries Business Is Decelerating (Forbes)
Down over 8% so far today.

Rootstock Software and FinancialForce.com Announce Partnership to Deliver Comprehensive Manufacturing and Accounting Solution on Force.com
(Business Wire)

Groupon’s Low-Key Rewards Program Now Available Nationwide (All Things D)
Tested in Philadelphia.

WatchESPN finally streams to Comcast customers, but not on Android (Engadget)

Prime-Time Stern (New York Times)
Howard Stern joins NBC’s “America’s Got Talent” as a judge this season.

Ensequence Raises $26M Round To Tap Mobile, Connected TVs
Funding Led by Myrian Capital, a Fund Affiliated With Family That Owned Iams Co.
(Multichannel News)

Cisco Cable Unit Sales Pop 12%
Networking Giant's Shares Fall on Weak Quarterly Outlook
(Multichannel News)


Technology Industry Seen Growing Fastest in New York (New York Times)

Philly software project to implement lobbyist disclosure law crashes (Newsworks)

EBay's GSI Unit Sparks But Analysts Want Bigger Bang (Investor's Business Daily)



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Daily Links 4/18/2012: InterDigital may move some jobs to Delaware; Five Below files for IPO



InterDigital eyes Delaware
Patent-rich wireless technology company looks to add jobs in state
(Wilmington News Journal)
No, the entire company is not moving from King of Prussia.

Five Below, Inc. Files Registration Statement for Proposed Initial Public Offering (Business Wire)

Five Below initial public offering to raise $150 million (AP via USA Today)

Five Below: Another winner for First Round's Kopelman? (Philly Tech News)
Reposted from last month.

eBay’s Stock Jumps Thanks to Double-Digit Revenue Gains (All Things Digital)
Says GSI Commerce business generated $715 million in merchandise sales, up 26 percent from the same period last year.

Bill McDermott Talks Jobs on Fox Business (Video/SAP TV)

Software maker SAP eyes cloud acquisitions: report (MarketWatch)

SAP Designs Facility for 'aGile' Cloud Application Development (CIO)

Wow Buys Knology for $750 Million (New York Times: DealBook)

Rockefeller Tees Up Online Video Hearing
Meeting to Focus on Migration from Traditional TV to Online
(Multichannel News)

Verizon selling 700MHz spectrum, but only if government approves its AWS purchase (Engadget)

Sony, AU Optronics in talks on OLED TV production: report (Reuters)
What might this mean for Universal Display?

Chariot Solutions Launches Scholars Program to Increase Diversity of Software Engineers in the Philadelphia Region; Scholarship Recipients to Receive Mentoring, Training, and Continuing Education (PR Web)

ICG Company Procurian Demonstrates Strong Q1 Traction
ICG Increases 2012 Annual Guidance
(Globe Newswire)



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Daily Links 1/19/2012: iPipeline Receives "Significant" Investment from Technology Crossover Ventures




iPipeline Announces "Significant" Investment by Technology Crossover Ventures (Business Wire)
iPipline raised $18 million in 2008 and $15 million in 2009, mostly from NewSpring Capital of Radnor and Fidelity Ventures of Boston (or Volition Capital LLC as its successor is known). Technology Crossover Ventures usually invests in big chunks, so it would not be surprising if this investment was also in the eight digits (Crunchbase shows the size of several recent rounds it has been involved in) . That means iPipeline's valuation must be getting pretty steep.

EBay Sales Exceed Estimates on PayPal, Holiday Shopping (Bloomberg)

eBay Marketplaces GMV up 10 Percent, New Products in Pipeline (EcommerceBytes.com)
Some more detail on GSI Commerce.

Apple announces iBooks 2, iBooks Author to "reinvent textbooks" (Ars Technica)

Comcast's Web-Slinging Set-Top Visits the FCC (Light Reading Cable)

Comcast patents technology for recommending alternative TV programming to subscribers (FierceCable)

Sprint, DirecTV ask FCC for Verizon cable deal info (Reuters via Yahoo Finance)

Bloomberg jabs at Comcast on anniversary of NBC deal approval (LA Times: Company Town)

EU to decide on Google, Motorola Mobility deal Feb 13 (Reuters)

Tech Giants Join Forces To Fight Amazon's Cloud (Silicon Alley Insider: Enterprise)
SAP is one of them.

Philadelphia-Area Manufacturing Increases (Bloomberg)
Below economists' expectations, though.
Philly Fed Press Release.

Former GTSI CEO Friedlander makes deal (along with Philly's LLR Partners) for new company (Washington Technology)

Citi Ventures Backs Gift Card Exchange Plastic Jungle (TechCrunch)
First Round Capital was early backer.

Philadelphia’s Computer Methods Corporation Purchased by Atlanta-Based Premier Logic (Business Wire)



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Daily Links 11/29/2011: Live Verizon FiOS TV Coming Very Soon to Xbox




Live Verizon FiOS TV Coming Soon to Xbox, Complete With Kinect Voice and Gesture Controls (PR Newswire)

Analyst: T-Mobile to Comcast, instead of AT&T? (Seattle Times)
Comcast has consistently said it doesn't want to own a major wireless network, a position Vice Chairman Michael Angelakis reiterated earlier this month. I believe they mean what they say, but that doesn't mean they don't have a long term interest in wireless as LTE becomes an important alternative to fixed-wire networks for many applications.

Motorola Mobility's Sanjay Jha & Dan Moloney discuss Moto's
set-top box plans
(Video: Light Reading)

NetApp Taking on EMC Puts CommVault in Takeover Sights: Real M&A (Bloomberg)
CommVault is based in Oceanport, NJ.


TE Connectivity in Exclusive Negotiations to Acquire Deutsch
(PR Newswire)
TE Connectivity (formerly Tyco Electronics) has its operational headquarters in Berwyn. The acquisition would be valued at about $2 billion.

Oracle, SAP, Infor: Three's a crowd (Computer Business Review)

Is SAP HANA about the “in-memory database”? (Vital BI)

Customer Sues Epicor After ERP Software Project Attempt Ends in 'big Mess' (PC World)

Mint Linux freshens up web searches
We've got our own engine. Swallow that, Google and Microsoft
(The Register)
Teams up with Paoli-based DuckDuckGo.

Shop online, try it out in person: Kembrel gives hybrid retail sales the old college try (VentureBeat)
Opens small store location in Philly.

Cyber Monday? It was more like Mobile Monday, according to eBay & PayPal (VentureBeat)
And GSI Commerce.


Business incubator's future in peril as state cuts funding
Ben Franklin Technology Partners in Bethlehem trims payroll, helps fewer clients.
(Allentown Morning Call)




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Daily Links 10/17/2011: What will happen to Daily Deals market; too many small startups?

SAP boosts third quarter profit on TomorrowNow loss writedown
Currency fluctuations hit operating profit
(Computerworld UK)

Cloud impact: SAP changes upgrade and maintenance policies (ZDNet Blogs)

Supply Chain Consultants, Reflecting Its Evolution and Growth as a Software Provider, Changes Name to Arkieva (Business Wire)

Is Boston spawning too many start-ups, and starving growth companies for talent? (Boston Globe: Innovation Economy)
Does the same question apply to the Philadelphia area?

How Critical Is TV Everywhere?
It May Be the Future of Pay Television — But Not All Are Sold
(Multichannel News)

Jonathan Storm: Peacock looking plucked as NBC cancels shows (Philadelphia Inquirer)

Scoop: Skype founders gunning for Netflix with Vdio (Gigaom)

Hulu Owners May Seek IPO for Video Website After Halting Auction (Bloomberg)

Why SEI shares lag the market (Philly.com: Philly Deals)

AMETEK Acquires Reichert Technologies (PR Newswire)
One of Ametek's largest deals in a while.

Are daily deals really dying? (GSI Commerce Blog)

Microsoft's plan for bringing its BI tools to iOS, Android, and Windows 8 devices (ZDNet Blogs)



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Daily Links 8/30/2011: Dell to offer hosted apps for SMBs, tied together by Boomi

Court: Perzel will plead guilty Wednesday (Philadelphia Inquirer)


Dell launches a VMware-based cloud; Azure next (Gigaom)

Dell Offers Hosted Apps for SMBs (PC World)
Dell Boomi to tie it all together.

Dell Seeks to Unify Managed Services, Cloud Services Partners (MSPMentor)

FAQ: What to Expect at Salesforce.com's Dreamforce (PC World)

VMware tries to expand virtual networks with VXLAN (Gigaom)

Oracle accuses H-P of fraud in Hurd settlement (MarketWatch)

DoubleVerify Gets Another $33M in Funding
Analyst: Ad-Verification Companies May Integrate With New Demand-Side Platforms
(Ad Age)
Previous investor First Round Capital participates again in this round.


Capital One/ING Deal Delay Overdone: Analyst (TheStreet)

Fired Bill O'Reilly Adversary Loses Civil Rights Claim Against Comcast (Hollywood Reporter)

CardioNet says DoJ probing incorrect Medicare claim charges (Reuters)
CardioNet is based in Conshohocken.

Krames StayWell and 3M Partner to Integrate Patient Education Content with Health IT Systems (Business Wire)

Dollar General Selects GSI Commerce to Launch Its eCommerce Business (Business Wire)



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Daily Links 8/18/2011: Philly Fed report not good; Big changes ahead for HP

Philly Fed Firms See Much Weaker Manufacturing Activity
(Business Wire)

Philadelphia Fed index slumps, home sales fall (Reuters)

HP to Spin Off PCs, Eyes Software Purchase (Bloomberg)

HP Confirms Discussions with Autonomy Corporation plc Regarding Possible Business Combination; Makes Other Announcements (HP Press Release)

Liveblogging HP’s “Everything Including the Kitchen Sink” Conference Call (All Things Digital)


SunGard HE and Blackboard Acquisitions: Compare and Contrast (e-Literate)

QlikTech to roll out social updates to business intelligence platform (V3.co.uk)

Salesforce.com Announces Fiscal Second Quarter Results (PR Newswire)
Revenue up 38%.

Salesforce Posts Record Quarterly Revenue Of $546M; Raises Guidance (TechCrunch)


Liberty Considers Range of Options for Barnes & Noble (New York Times: DealBook)
Update: Liberty Media buys stake in Barnes & Noble.

Accelerators & Incubators: Ben Franklin Values Ingenuity (Portfolio.com)

Drexel's Baiada Center set for expansion, to add lab for entrepreneurial focus groups (Keystone Edge)

First Annual Geek Awards Coming to Philadelphia (AP via Fox News)


GSI Commerce's Rubin has a new company ... and it's hiring (Philadelphia Business Journal)



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Daily Links 6/20/2011: eBay completes GSI Commerce acquisition

eBay Inc. Completes Acquisition of GSI Commerce (Business Wire)

eBay + GSI Commerce. Deal Closed! (GSI Commerce Blog)

ProtonMedia Raises $4.5 Million in Series B Financing Led by Kaplan Ventures
Kaplan EduNeering concurrently forms strategic reseller partnership with ProtonMedia
(Business Wire)

Virtual World Technology Developer ProtonMedia Raises $4.5 Million (TechCrunch)

iControl raises $50M from Intel, Cisco, Comcast, Kleiner (Gigaom)

Comcast Digs In at 30 Rock: Communal Toilets, Buffet Dining and Where's G.E.? (The Wrap)

The NBC News/CNBC Exodus, Why Is So Much Top Talent Leaving The Network? (Mediaite)

Powell: Comcast/NBCU Merger Net Positive for Industry
Not sure how having both under same NCTA tent will shake out
(Broadcasting & Cable)

Comcast Using Juniper, Ciena Metro Ethernet Gear
MSO Offers Services Aimed at Midsize Businesses in 20 U.S. Markets
(Multichannel News)

What's Wrong with Enterprise Software Anyway? (Read Write Web)

Is SaaS the key to cloud revenues?
(Gigaom)

New Oracle Health Care Platform Provides Unified View of Drug Trial Data (eWeek)

New technology to fight Medicare, Medicaid fraud announced in Philly (Philadelphia Inquirer)

DuckDuckGo: popular search engines don’t offer true search results
(Geek.com)



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Daily Links 6/13/2011: Comcast teams up with Skype on video chat

Comcast bringing Skype video chat into the living room (Gigaom)

Cable Operators Chip at $20 Billion Business Market as Video Growth Slows (Bloomberg)

Bloomberg to Make Good on Threat, File Comcast Complaint with FCC
(MediaBistro: TVNewser)

Moto, Comcast Team on In-Home TV Streamer (Light Reading Cable)

eBay Settles Lawsuit Over $2.4B GSI Commerce Acquisition, Deal Expected To Close This Week (TechCrunch)

Tale of two data center strategies: Apple vs. Facebook (ZDNet Blogs)
Apple's new data center apparently using SAP's HANA, along with many other tools.

Oracle Exadata Gains Certification for SAP Applications (PC World)

HP’s Big Shakeup: Bocian and Mott Out; Livermore Steps Down, Joins Board (All Things Digital)

MEDecision Announces Highmark Inc.'s Selection of Its Collaborative Health Management Platform (Marketwire)

IMS Strengthens Payer Capabilities with Acquisition of Med-Vantage
Software Provider Brings Leading Technology Platform, Clinical Expertise and Proven Provider and Member Engagement Solutions
(Business Wire)

USAF Decisions On GPS IIIB Could Affect FAA (Aviation Week)

ExpenseWatch.com Goes Mobile -- Releasing Expense Reporting Apps for the Android, Blackberry and iPhone Smartphones (PR Newswire)




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