Showing posts with label LiquidHub. Show all posts
Showing posts with label LiquidHub. Show all posts

Links 12/19: Aereo founder's new broadband startup raises $$; Comcast's design for smart homes



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Comcast wants in on your smart home. Here's how it'll get there (CNET)

The Solid-State Electronic Dimmer
A technology innovation that set the stage for modern-day lighting controls.
(Architectual Lighting)
Invented by Joe Spira, founder of Lutron. Based in Coopersburg(near Allentown), Lutron is a large business now and a leader in home IoT.

Aereo founder's new broadband startup raises $30M (Boston Business Journal)

AT&T Wireless Disconnecting Some BMW Cars' Roadside Assistance (Fortune)


Telcos Seen Following Verizon's Lead In Making IoT Acquisitions (Investor's Business Daily)

Lowenstein’s View: The wireless industry is changing before our eyes (FierceWireless)


Deal 7: LiquidHub buys India data firm (Philly.com)


The SAP platform and digital transformation (ZDNet)

Johnson & Johnson chooses RI for Health Technology Center (NBC 10 Rhode Island)







Links 8/15: LiquidHub buys Electronic Ink; Honeywell nearing deal for supply chain software vendor JDA, says WSJ






LiquidHub, on acquisition path, aims to get larger but keep focus



Tom Paine



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LiquidHub's acquisition of New York-based Foundry9, announced in late October, wasn't its first acquisition but it was its largest to date, I was told (though terms weren't disclosed). And it probably won't be its last. The Wayne-based digital technology integrator, following a strategic theme it highlighted earlier this year of bringing the CTO and CMO functions closer together, added the financial marketing systems capabilities of Foundry9, which has about 100 employees and a substantial Wilmington office.

The integration of digital and marketing is also reflected in the recently announced Publicis/Sapient deal, the acquisition by systems integration giant Cognizant of Conshohocken-based healthcare digital marketing firm Cadient, as well as Newtown-based Epam Systems' recent acquisition of a design-focused firm.

“From its beginning, Foundry9 has created marketing campaigns with digital at the core—not as an add-on,” said Jonathan Brassington, CEO and co-founder of LiquidHub, in a release. “With this acquisition, we are providing our customers a unified team of digital experts who can guide them through the entire customer lifecycle with both creative and technology services. We will now be better positioned to help our clients define a marketing strategy, create a compelling visual experience, segment customers and engage with them across different media and data-driven campaigns."

Matt Bernardini, founder and CEO of Foundry9, will continue to operate Foundry9 as a separate entity within LiquidHub. Bernardini, a native of Darby Borough, graduated from Rutgers and worked earlier in his career in financial services marketing in Delaware before migrating to New York. Foundry9 has worked with LiquidHub on projects in the past.

While Foundry9's niche is in financial services (both consumer and B-to-B), both Bernardini and LiquidHub co-founder Rob Kelley believe what it does is transferrable to healthcare & life sciences, LiquidHub's second key niche, as well as other areas, they told Philly Tech News in a phone interview.

Although some of Foundry9's internal plumbing appears to be built around Microsoft's .NET framework according to posted job descriptions, I couldn't get a much of a hint as to what direction it leaned in terms of third-party CRM and marketing automation tools. But one thing was clear: Kelley said that the Salesforce Clouds would be a big part of LiquidHub's future (though by no means exclusive). LiquidHub was a Bronze sponsor of Dreamforce 2014 in San Francisco last month.

LiquidHub made three acquisitions in 2011-12: Conshohocken-based E-Brilliance, Hestan Consulting Group, a financial services practice with a New York office, and New York-based aSpark, which brought with it mobile, cloud and social enterprise capabilities.

LiquidHub is approaching 2,000 employees worldwide with about 400 in Philadelphia, is expanding its operations in India where half its headcount is located, and recently opened an Amsterdam office. Revenue should reach $150 million this year.

Founded in 2001, LiquidHub raised a $53M Series B Capital Round led by Delhi-based ChrysCapital earlier this year. (NewSpring Capital reportedly closed out its position at that point). With that investment came a committment to provide access to additional capital for potential acquisitions.

In August, LiquidHub lost its India managing director Sushma Rajagopalan to ITC Infotech, were she was soon after named CEO. Also in August, LiquidHub named Sean Narayanan, formerly of iGate, as global partner, chief business officer and managing director for India operations.

Further acquisitions will focus on on small to medium-sized digitally transformative partners in the mobile, cloud, and analytical spaces to support its healthcare and financial verticals. Kelly said another emphasis would be to increase LiquidHub's global footprint.

In the systems integration space, it is important to define your core niches and specialities, and develop value-added tools, to keep above the lower margin "one-off" business and develop lasting client relationships. By all appearances, LiquidHub has taken important steps towards defining its strategy and presenting it clearly over the past couple of years. While it has grown significantly recently, it is still a minnow compared to the large outsourcers and system integrators, with plenty of room to grow.


Links 10/30/2014: LiquidHub acquires digital marketing agency Foundry9; Uber urges Philly to follow DC model





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SAP's Bill McDermott provides a CEO's plan to defy disruption (Fortune)

Forrester Shows Little Love for SAP, Marketo in Marketing Wave (CMS Wire)

Concur CEO says SAP acquisition is a ‘big bet’ that will accelerate company growth (GeekWire)
How many times have you heard this before an acquisition?
"Singh said that the tie-up between SAP and Concur won’t be a typical acquisition deal. He emphatically stressed that his company won’t disappear as a result of the acquisition closing. Instead, Concur’s partnership with SAP will provide tools and funding to expand the business."

Security Is Focus in SAP's Government Cloud Portfolio (CIO Today)


LiquidHub Acquires Digital Marketing Agency Foundry9
(Business Wire)


Uber exec Plouffe urges Philadelphia to model D.C.'s laws (Philadelphia Inquirer)

Time Warner Cable Misses Estimates on Drop in TV Users (Bloomberg)

Arris Beats The Street In Q3 (Multichannel News)
Arris acquired the Horsham-based business formerly known as Motorola Home from Google last year.

Study: Comcast and Verizon connections to Cogent dropped below 0.5Mbps (Ars Technica)


Verizon Ventures Seeks To Double Portfolio And Investment Capital (TechCrunch)

Execs From Apple Pay Competitor Finally Speak, but Big Questions Remain (Re/code)


Merger reflects growth in retail-store data analytics (Crain's New York)
First Round Capital-backed NOMi (New York) merges with Brickstream.

Blackstone’s Tac-Ops Adds Philadelphia Insurer in Blitzer’s Bet (Bloomberg)

ChargeItSpot: The Next Indispensable Retail Service? (Wharton Entrepreneurship Blog)


Links 3/26/2014: LiquidHub raises $53 million Series B







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LiquidHub Secures $53M Series B Capital Round Led by ChrysCapital
New investment designed to provide capital for continued growth; supports aggressive merger and acquisition strategy
(Business Wire)

Blackout warning as Comcast sports network pitches a surcharge
(Philly.com)

SAP buying Chicago-based Fieldglass (Chicago
Tribune)

SAP Agrees to Acquire Fieldglass in Cloud-Computing Push (Bloomberg)



SAP: "We are going to make a lot of channel partners extremely wealthy" (CRN)

Dish’s Ergen Said to Approach DirecTV CEO White About Merger
(Bloomberg)

Facing new rivals, Amazon expands its cloud-computing offerings (Seattle Times)



Six Philly-area companies on Forbes' 'America's Most Promising Companies'



Tom Paine



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Forbes Magazine recently published a list of what it calls America's Most Promising Companies, its "third annual ranking of high-growth, privately-held companies with under $250 million in annual revenue."

Six Philly-area companies are among the 100 included:

CardCash (#14), East Windsor, NJ; Revenue: $56 million, Employees: 55. Resells giftcards online. Raised $6 million from Guggenheim Partners in November 2013.

SevOne (#33), Wilmington, DE; Revenue: $40 million, Employees: 256. Network monitoring software and appliances. Raised more than $150 million from Bain Capital and Osage Ventures.

Petplan (#46), Philadelphia; Revenue: $53 million, Employees: 105. Sells veterinary insurance to pet owners. Raised $2.6 million from angel investors in 2008. Vernon Hill, founder and former CEO of Commerce Bank, serves as the company’s Chairman.

Solve Media (#48), New York/Philadelphia; Revenue: $13 million, Employees: 42. Replaces
"CAPTCHAs" with advertising slogans. Has raised $16.7 million from First Round Capital, New Atlantic Ventures, AOL Ventures and others.

Prepay Nation (#52), Berwyn; Revenue: $110 million, Employees: 10. Helps immigrants and expats transfer small amounts of money across international borders via mobile phones.

LiquidHub (#67), Wayne; Revenue: $115 million, Employees: 1400. IT consulting company that helps clients with systems integration. Has raised $22 million from PPM American Capital Partners, New Spring Capital and Credit Suisse, among others.

Forbes, in discussing its selection process, says "The final assessment is based on growth (both in sales and hiring), quality of management team and investors, margins, market size and key partnerships. Then we spoke to each company to make sure we didn’t miss anything."

Any ranking of private companies, without a definitive market-derived value, is going to involve a certain degree of subjectivity.

I don't know much about CardCash or Prepay Nation. I would guess that they do considerable outsourcing to achieve so much revenue with so few employees.



Phorum Philly 2013, to be held this Thursday (the 21st), has a different focus, but same quality as last year's program


Tom Paine



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Last year, PACT, the Greater Philadelphia Alliance for Capital and Technologies, got together with others including investment banking firm Fairmount Partners and Philly Startup Leaders' President Bob Moul to bring a world class enterprise-oriented technology conference to Philadelphia, with a national scope but a strong Philadelphia focus. The result was Phorum Philly 2012, which concentrated on cloud computing, and it was enthusiastically recieved and highly successful by most accounts. While Chariot Solutions' Emerging Technologies for the Enterprise conference (already sold out for this year) has much the same appeal for hands-on developers, Phorum was intended to be geared more to enterprise IT execs trying to better understand major trends and new approaches for enterprise solutions.

This year, the event returns, Phorum Philly 2013, hosted by PACT and presented by Fairmount Partners and LiquidHub, once again held at World Cafe Live on this Thursday, March 21. Phorum 2013 will feature the same high quality program content but a different emphasis in terms of subject matter. This year's focus will be on harnessing disruptive technologies, including mobility, big data, and social computing. The event will kick off with a Keynote session, followed by three sessions, one for each technology track. Tickets are still available at this time; tickets are $199.00 for PACT members and $279.00 for non-members.

Don Tapscott
Peter Coffee: VP and Head of Platform Research, salesforce.com, who spoke at last year's Phorum, will lead off with an overview of how disruptive technologies are impacting the business world. Author, consultant and business executive Don Tapscott,whose work has often anticipated emerging trends such as collaboration, will give the Keynote address. Ted Schadler, Principal Analyst, Forrester, will speak on "Leading the Mobile Workforce", and Sameer Patel, Global Vice President & GM Social Software, SAP
, who joined SAP last year to develop its social entreprise strategy, will address "Rethinking Work: The Next Chapter in Social Collaboration."


After lunch, the afternoon session will kick off with Gus Hunt, Chief Technical Officer for the Central Intelligence Agency
 speaking on "Leveraging Big Data
", something the CIA certainly has a great deal of.

The remainder of the afternoon will consist of six panel sessions; two each on each main theme, one presented from the vendor perspective and one from the enterprise perspective. A notable list of panelists includes Relay Network's Matt Gillin, Jive Software Chief Social Scientist David Gutelius, LuquidHub's Ravi Kalakota, Comcast Business Services' Patrick McGlone, Moul, SevOne CEO Michael Phelan, AppLabs founder Sashi Reddi, and Mozilla Chief of Innovation Todd Simpson.

A major feature of the conference, the Demo Pit, will be open all day and features nine of the most interesting startups in the region, including Curalate, iMomentous, PeopleLinx, Powerlytics, Quantum Leap Innovations ( which I profiled last year), and WizeHive. Fairmount Partners' Allen Born, Advisory Board Chair for Phorum 2013, said in an interview with Philly Tech News that he was very pleased with the quality of the Demo Pit participants and the fact that all the companies are locally based this year.

Voting on the Demo Pit participants will begin after the morning keynote and will be open to 3:45pm. The closing session and awards presentation will begin at 4:50, during which the "best in show" award for the Demo Pit will be presented. This year's Demo Pit award presenter will be Montgomery County and Northeast Philadelphia congresswoman Allyson Schwartz, a probable candidate for the Democratic gubernatorial nomination in 2014. Last year's Demo Pit winner, UXFLIP, was subsequently acquired by appRenaissance (now Artisan Mobile).

A Cocktail & Network Reception will follow from 5:30 to 7pm.

Born said said that World Cafe Live can hold about 400 people, and approximately 350 tickets have been sold so far. He also said that a TV will be available upstairs for those who wanted to catch up on the opening of the NCAA Tournament's Field of 64.

Also see update: Some breaking news items related to Phorum participants CIA & PeopleLinx



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