Links 6/2: Neat turns its receipt-scanning app into subscription-based SaaS; PA looking to lead transportation revolution

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Big Data Firm Qlik Technologies OKs $3 Billion Private Equity Offer (Investor's Business Daily)

Neat turns its receipt-scanning app into subscription-based software (SearchCloudApplications)
Outsourced much of its software development.


SAP reshuffles product, executive decks to better target smaller companies (ZDNet)

PA Looking to Lead Transportation Revolution (Politics PA)

Uber's No Good, Very Bad Deal with Saudi Arabia (Dan Primack/Fortune)


Veeva Systems Inc Is Just Getting Started (Motley Fool)

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Ex-Employee Sues Oracle Over Alleged Cloud Accounting Shenanigans, Oracle Plans Countersuit (CRN)

Links 11/8/2013: Comcast testing IP video service targeted to universities; Seamless, Box said to be planning IPOs

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Comcast Tests IP Video Service Targeted To Universities (Multichannel News)

Looks like Comcast is quietly pushing a 300 GB cap and overage charges (Gigaom)


Supremes Grant Aereo More Time to Respond to Broadcasters
Extends reply deadline to Dec. 12, but amicus briefs are still due Nov. 12 (Broadcasting & Cable)




EPAM Systems Reports Results for Third Quarter 2013 (Thomson One)
Revenue up 27% to $140 million for Newtown-based EPAM.

Universal Display blows past 3Q expectations (CNBC)
Shares up 25% on the day.

Seamless Eyeing IPO For 2014 (Business Insider)
Conshohocken-based SeventySix Capital was one of Seamless' early backers; Aramark acquired it and later spun it off to private equity firms.


Neat Cuts The Cord With The New NeatConnect Scanner (TechCrunch)

EXCLUSIVE-Hot tech start-up Box picks banks for '14 IPO -sources (Reuters via Fox Business)



Nine Questions for Andy Jassy, Head of Amazon Web Services (All Things D)

Three of the dumbest things you can do with clouds (David Linthicum/Gigaom)


SAP Targets SMEs with PartnerEdge (ASUG News)

Links 10/3/2013: Verizon introduces new cloud offering

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Veeva Seeks to Raise Up to $183 Million in Cloud Computing IPO (Bloomberg)
Based in Califonia, Veeva has a significant presence in the Philadelphia area.

Twitter Discloses Its I.P.O. Plans (New York Times: DealBook)

Accenture to Acquire Procurian Inc., Expanding Its Leading Capabilities in Procurement Business Process Outsourcing
(Business Wire)
Procurian, formerly ICG Commerce, is based in in King of Prussia and mostly owned by ICG.
Accenture will pay $375 million for it.

ICG Group Announces Procurian's Signing of a Definitive Agreement to be Acquired by Accenture for $375 Million (Globe Newswire)
ICG says it will emerge from transaction as "Pure-Play Cloud Computing Company."

Accenture Acquires Procurian for $375M in Cash (Spend Matters)



Accenture procures procurement’s prize property: Procurian (Enterprise Irregulars)


Neat Acquires ProOnGo, Extending the Neat Digital Filing System (PR Newswire)

Comcast purchases Universal City tower for about $420 million (LA Times: Company Town)

These charts show Comcast acting more and more like a monopolist (Timothy B. Lee/Washington Post)


Inside the Focus Shakeup: Universal Plotted Peter Schlessel Move for Months (Analysis) (Hollywood Reporter)

QLIK, DATA: Demand Momentum Continues, Says Pac Crest; TIBX Has Upside (Barron's: Tech Trader Daily)


IBM Acquires Xtify, A Mobile Messaging Company (TechCrunch)
Conshohocken-based SeventySix Capital was an investor. No clue on price yet. Xtify is based in New York.


Verizon brings cloud offering into self-service era (IT World)

Best Buy Updates Decade-Old Site to Double Online Sales
(Bloomberg)
Best Buy is a Monetate customer.

Fab Is Firing 100 People For The Second Time A Few Months After Raising $150 Million (Business Insider)

Links 9/19/2013: All Things D splitting with Dow Jones; Still talking to NBCU

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AllThingsD parting ways with Dow Jones (Fortune Term Sheet)
AllThingsD still talking with NBCU, Fortune reports.

Hands On With the NeatConnect Scanner (PC Magazine)

Yorn Signs Agreement with Penn Medicine for Real-Time Mobile Feedback to Better Understand and Improve the Patient Experience (Business Wire)

Private equity firm LLR opens D.C. office (Washington Business Journal)

Oracle Forecast Trails Estimates as Cloud Rivals Hover (Bloomberg)

Understanding the Oracle, Salesforce.com and Workday equation (Dennis Howlett/Diginomica)

Dell wants to help companies manage the gathering storm of multiple clouds (Gigaom)
Interesting video of interview with Dell cloud chief.

'Burlington Coat Fact' is the Parody Twitter Account You've Been Waiting For (Mashable)

Manufacturing in Philadelphia Region Expands by Most Since 2011 (Bloomberg)

10 questions for Comcast Ventures' Amy Banse (Fortune Tech)

Daily Links 6/18/2013: Inky on Loren Brichter; Neat updates mobile app

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He's the 'high priest' of app design (Philadelphia Inquirer)
On Philly resident Loren Brichter.

Neat Announces Comprehensive Mobile App Update for its Cloud-Based Digital Filing System
Neat's mobile app creates expense reports and offers other time saving features (PR Newswire)

Liberty Global Offers $10B For Kabel Deutschland (Multichannel News)

Set-top box is not dead, says Arris (Digital TV Europe)

Oracle's Q4 results: What to expect (Computerworld)

SAP users slack, slow and backward on security
Some systems unpatched since 2005, says researcher (The Register)

How SAP hopes to win from the Internet of Things (CiteWorld)


Yahoo Offer to Buy Contact Startup Xobni Is at a Price of $30M to $40M (All Things D)
First Round Capital is an investor in Xobni; Yahoo's purchase price may be less than capital invested in it.

Gartner Predicts CRM Will Be A $36B Market By 2017 (Enterprise Irregulars)
Huge revision from prior estimate.

Salesforce, Others in Race to Create One-Stop Shop for Marketing Data (Ad Age)

Dish abandons Sprint bid for now to focus on Clearwire (Reuters via Yahoo Finance)




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Neat: 2012 revenue over $110 million; 57% growth

Tom Paine

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Philadelphia-based Neat (FKA NeatReceipts), a pioneer in providing tools for scanning and digitizing paper-based information such as business cards and expense receipts, crossed the $100 million revenue threshold for the first time in 2012, according to a press release from the company today.

Neat said its revenue surpassed $110 million in 2012, growing 57% over the prior year. The company said it also achieved its third consecutive year of profitability, and grew its customer base by 30% to 1.3 million.

Neat introduced its NeatCloud and NeatMobile services in the third quarter of 2012, and while the company said that 70% of those who signed up for a free 30 day trial subscription became paid subscribers, it doesn't indicate how many customers that involves or how much revenue they generated. Among other benefits, Neat's new offerings enable greater integration of paper-based and digital-based information sources.

Neat also opened a new call center facility in Center City Philadelphia, and said it added new retail distribution partners and strengthened its relationship with other existing retailers.

Neat is expected to make some announcements from CES '13 in Vegas this week. I plan to follow up with more details.

Neat's principal investors have been Ben Franklin Technology Partners SEP, MentorTech Ventures and Edison Ventures. Its CEO is Jim Foster.



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