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

Daily Links 2/16/2012: QlikTech revenue up 42% for 2011; ICG Commerce renamed Procurian




SuccessFactors Partners Applaud SAP Acquisition
(PR Newswire via MarketWatch)
Deal closes.

SAP Gets Set to Embrace HTML5 (IT Business Edge)

Rebrand or Remake? ICG Commerce Becomes Procurian, Introduces "The New Procurement" (Spend Matters)

HIStalk Interviews John Glaser, CEO Health Services Business, Siemens Healthcare (HIStalk)
A must read if you follow Healthcare IT.

QlikTech Announces Fourth Quarter and Full Year 2011 Financial Results (Business Wire)
Revenue increases 33% in Q4 and 42% for 2011; somewhat slower growth forecasted for 2012. Small GAAP net profit for full year.

Duck Duck Go Passed 1mm Searches Per Day (A VC)

YOU SHOULDN’T LIE TO DAVID CARR AND NYT (JimRomenesko.com)

Philly Fed index hits four-month high in February (MarketWatch)
Software spending index particularly strong.
February 2012 Business Outlook Survey (Philly Fed)

Retrans ammo: Aereo could help cable operators bring broadcasters to their knees (FierceCable)

Barry Diller's OTT Service Aereo Is Dead On Arrival (StreamingMediaBlog.com)

MSG, Time Warner meet as demand for Knicks games grows (Claire Atkinson/New York Post)



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Daily Links 6/27/2011: Comcast may want NFL Thursday Night package

SBJ: NFL Shopping Eight-Game Thursday Night TV Package, Turner, Comcast Interested (MediaBistro)
While Comcast is definitely trying to upgrade Versus, I don't think they want to go head to head with ESPN right now, as some are writing.

Report: Hulu courting a 'range' of potential suitors (CNET News)

Ron Meyer's contract as Universal Studios president extended through 2015 (LA Times: Company Town)

FCC’s net neutrality rules about to be official, and invite lawsuits (Washington Post: Post Tech)

Safeguard Scientifics Leads $35 Million Financing for NovaSom (Business Wire)

Penn Students Leave School to Launch CourseKit With $1 Million Seed Round (TechCrunch)
Will be based out of New York, though.

Growing Philly software firm asks: Where are the engineers?
(Philly.com: Philly Deals)


ICG Commerce Acquires Neuwing Energy Ventures -- Unlocking the Many Sides of Green (Spend Matters)

Oracle Fusion Applications Pricing Revealed (PC World)

Why Google Health Really Failed—It’s About The Money (TechCrunch)

McKesson Buys Portico To Gain ACO Financial Tools (Information Week)

Marimow quits Philly Inquirer for ASU Cronkite School post (Poynter)

Bell and Howell Finalizes Sale to Versa Capital (Business Wire)
Versa Capital is a Philly-based turnaround specialist.



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Daily Links 2/25/2011: Drexel to get five times the bandwith

Comcast Preps a Docsis 3.0 Boost (Light Reading Cable)
For upload speeds.

Peers or not? Comcast and Level 3 slug it out at FCC's doorstep (Ars Technica)

NBCU Local Strategy: Balancing Individualism And Uniform Qualities (paidContent)

Is Verizon's FiOS Deployment Freeze Thawing?
Verizon Tells Wilmington, Delaware New Deployments Loom
(Broadband Reports)
Update: One more reason why blogs are no substitute for newspapers (Delaware Online: Delaware Inc.)
While the Broadband Reports article above is wrong (sometimes old articles pop up in search engines or RSS Feeds), there is still a certain irony in going back and reading what the Verizon
exec said two years ago and what hasn't happened since then.

Salesforce wins bet on the cloud, doubles down on social (Fortune)

SAP Announces Blockbuster BusinessObjects Upgrade (Information Week)

Alcatel Lucent to help bring metering technology to Pennsylvania (PennEnergy)

Philadelphia Business Journal’s Social Media Stars announced (Philadelphia Business Journal)

ICG Announces 2010 Fourth Quarter and Year-End Financial Results
Core Consolidated Revenue Increases 27% in 2010
Metastorm Sale Completed
(Globe Newswire)

Demand for Accelerated Cost Savings Fuels Continued Growth for ICG Commerce
Comprehensive Procurement Solution Provider Sees 20 Percent-Plus Revenue Growth for Sixth Consecutive Year
(Globe Newswire)

Network to be upgraded
Five times more bandwidth for campus
(The Triangle)



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Philly Tech Tidbits 7/12/2010

Our state-controlled liquor monopoly is more innovative than you might think. Oracle has recognized the Pennsylvania Liquor Control Board as one of its 2010 Retail Excellence Awards honorees. The company says the PLCB uses Oracle Retail solutions "to help to improve inventory turns, increase multi-channel revenues, improve product availability and reduce costs associated with retail operations". Meanwhile, the Liquor Control Board has started testing self-serve wine kiosks in two central Pennsylvania grocery stores, using equipment from Conshohocken-based Simple Brands.

Internet Capital Group said it had purchased an additional 5% of King of Prussia-based ICG Commerce for $14.4 million, bringing its total ownership stake to 81%, the Philadelphia Business Journal reported. ICG indicated in May when it last increased its stake in the company to 76% that it would seek to purchase the remaining 5% not owned either by itself or employees, and this apparently accomplishes that. Both this and the previous deal value ICG Commerce at just under $300 million. There has been some speculation that ICG Commerce could be considering an IPO.

Huntingdon Valley-based email marketing firm AWeber released results of a survey it conducted of 2500 small businesses regarding email marketing and social media marketing efforts that highlights the increasing relationship between the two tools. According to the study, "almost 70 percent of small business marketers are employing some sort of social media tactics and a majority (77 percent) indicate that integrating email marketing and social media is either 'very important' or 'moderately important' ".

Wharton's Supernova Conference will be held in Philadelphia for the first time this year (in the past its been in San Franciso). Described as being focused on "the transformation of computing, communications, business, and society in the Network Age", Supernova appears to be half unconference and half a more tradtional conference structure. Speakers include Comcast's David Cohen, First Round Capital's Josh Kopelman, and Philly CIO Allen Frank, though it is much more than a local conference. It takes place on
July 29-30 at Wharton's Jon M. Huntsman Hall.

A recent Bloomberg Business Week piece on "virtual world" website Second Life discusses the experiences of Tim Allen, IT Director of Web Technologies for Wharton Research Data Services at Penn, who created a eBay type store for virtual items on Second Life before selling it to focus on his day job.

Richard Kahn, CEO of Middletown, Delaware-based interactive agency eZanga.com was named one of Ernst & Young's Entrepreneurs of the Year in the Philadelphia area last month. eZanga was ranked among the fastest growing companies in the Philly Metro area last year by Inc. Magazine.

Mason Wendell, Co-Owner and Principal Designer & Developer of Canary Promotion + Design since 2001, has joined Drupal/Alfresco shop Zivtech as Creative Director of a newly created design department. Megan Wendell will remain at the helm of what will now be called Canary Promotion.

GSI Commerce's interactive agency TrueAction apparently let eight employees go, according to the Times Leader of Wilkes Barre, although it is not clear where they were located.




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Internet Capital Group ups stake in ICG Commerce

Internet Capital Group has increased its stake in ICG Commerce of King of Prussia from 64% to 76% by spending $35.3 million to acquire shares from another investor. ICG intends to acquire the additional 5% of the company owned by non-management investors. The deal would appear to value ICG Commerce at around $300 million.
ICG Commerce specializes in procurement outsourcing, helping large clients manage their "spend function". The company reported revenue growth of 28% in 2009.

Press Release