Showing posts with label SAP. Show all posts
Showing posts with label SAP. Show all posts

9/22: T-Mobile, Sprint get serious; This little Dell company aims to change software coding forever




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Exclusive: T-Mobile, Sprint close to agreeing on deal terms - sources (Reuters)

Underwhelming Turnout For New IPhone 8 In Philly (CBS PHILLY)


This little Dell company aims to change software coding forever (Silicon Angle)

'Hey, Walmart, please use my API instead of your EDI' (ZDNET)


The top 5 supply chain management vendors (CIO.COM)
SAP #1 by far.

A power struggle between Facebook and investors just ended with Facebook dropping plans to issue non-voting shares (Business Insider)
So Zuck won't be coming to Wilmington next week.


SAP co-founder apologises to South Africa over R100m Gupta payment (The South African)

THE AMAZON FOLLIES (Philadelphia Citizen)


Texas Seems Primed to Land Amazon’s Second Headquarters (Texas Monthly)

ESPN Will Count Linear, Streaming Audiences as One (Variety)




5/16: DreamIt alum LevelUp gets $50 million; Report: Amazon eying pharmacy market



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SAP now offering multicloud option with AWS, Azure, Google (ZDNet)

SAP sends Leonardo digital innovation system into full swing (ZDNet)

LevelUp mobile app gets $50 million in latest fintech fundraising round (CNBC)
LevelUp, an early DreamIt grad now based in Boston, has had its ups and downs but appears to have found major traction; Chase relationship a key.

Why the Companies That Actually Make Your Drugs Are in a Merger Frenzy (Fortune)

WOW Sets Price Range for IPO (Multichannel News)

Comcast Places Bigger Target on Bigger Business (Multichannel News)


Amazon's streaming software powers new smart TVs (AP via Philly.com)

Amazon is hiring people to break into the multibillion-dollar pharmacy market (CNBC)

and... LevelUp mobile app gets $50 million raised $20 million from Thrive
(TechCrunch)
Joshua Kushner, brother of Trump assistant Jared, is one of Thrive's founders.
,,


Bullpen raises $83.6 mln for third fund (PE Hub)
Part-time Doylestown resident Paul Martino is founder and managing partner.






5/10: Focus on ecommerce; SAP barely defeats shareholder revolt over comp



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SAP Barely Won Shareholder Backing After a Spat Over Executive Pay (Reuter via Fortune)

Nvidia and SAP use AI to spot brand appearances in the real world (VentureBeat)


Pennsylvania tech sector rallies against proposed tax (AP via Reading Eagle)


How Amazon’s Bot Army Is Trouncing Walmart in E-Commerce Wars (Fortune)

Comcast NBCUniversal is buying Denver’s home-grown video startup Craftsy (Denver Post)


Martha Stewart Partners With QVC (Ad Week)

Speculation emerges about HSN’s future and ‘frenemy’ QVC (Tampa Bay Business Journal)

Liberty Interactive (QVCA) Tops Q1 Earnings and Revenues (Zacks)

NFL buys 3 percent equity stake in Jacksonville-based Fanatics (Jacksonville.com)

Clover Health Raises $130 Million, Valuing It at $1.2 Billion (Bloomberg)
Today Clover Health operates only in New Jersey, but the new money is meant to help it expand elsewhere. First Round Capital was an early investor.


Google Launches Its First Cloud Data Centers in AWS’s Virginia Backyard (Data Center Knowledge)



Weekend Highlights: Comcast Promotes Marcien Jenckes to President, Advertising; Feds investigate Uber over use of tool to evade Philly authorities



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Comcast Promotes Marcien Jenckes to President, Advertising (Multichannel News)

PTC holding the course and sticking to its story (GraphicSpeak)

CenturyLink Pushes OTT TV Launch to Early Q3 (Multichannel News)
CenturyLink will be rolling out the OTT product to customers in its own footprint as well as nationally.

Feds investigate Uber over use of tool to evade Philly authorities (NewsWorks)

Shareholder advisors challenge SAP board in row over pay
(Reuters)
McDermott's comp doesn't seem out of line by US standards.

New offices in Cuba, Philadelphia part of Quebec's expanding international presence (Montreal Gazette)

IBM: If Buffett’s Selling, So Should You, Says Bernstein (Barron's Tech Trader Daily)





4/7: PA native Urban Rumored for Trump Chief of Staff; MapR File System selected by SAP for cloud storage layer



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Urban Rumored for Trump Chief of Staff (Politics PA)

A western PA native and West Point grad, David Urban has Temple and Penn degrees, spent time at Ballard Spahr, and served as Arlen Specter's chief of staff. Ran Trump campaign in PA.


Alphabet Moves Two Top Google Fiber Executives Off Project (Bloomberg)

GOP Said Moving Toward `Unenforceable' Version of Net Neutrality (Bloomberg)


Xfinity Home’s New Message (Multichannel News)

Comcast’s New Mobile Service Is a Good Deal, But Maybe Not Good Enough (Wired)

Comcast Is Wooing Cord Cutters Over Heavy Mobile Users (Fortune)

MapR File System selected by SAP for cloud storage layer (ZDNet)

Amazon.com wins $1.5 billion tax dispute over IRS
(CNBC)
With a little help from Morgan Lewis.

Philly startup SocialLadder wins “best management team” from N.J. Tech Council (Philly.com)

Online auto parts company Turn5 plans expansion, will add 200 jobs (Delco Times)

The $90 Billion Investor Who’s Out to Fire Wall Street (Bloomberg)









3/24: Alteryx pops 16% in trading debut; Inside Uber’s self-driving car mess



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Alteryx pops 16% in trading debut (CNBC)
SAP-backed Sapphire Ventures had a 13% pre-IPO stake in Alteryx. It also made out well on MuleSoft's IPO.




German Software Maker SAP Sees Benefits From Trump Tax Plans (Bloomberg)

SAP launches $35 million startup fund (ZDNet)







Big Companies Want to Move to the Cloud But Still Have No Idea How
(Fortune)

Inside Uber’s self-driving car mess (Recode)


Amazon: How You Can Possibly Compete with Them? Asks Raymond James Barron's Tech Trader Daily)

[Newtown-based] Drone company lands at Embry-Riddle’s research park (Daytona Beach News-Journal)
In October, Aerial Applications mapped all of Savannah, Georgia, for Comcast Cable after Hurricane Matthew struck.







3/22: Accel leads First Round-backed HotelTonight’s $37M Series E: SAP Ariba inks Blockchain Supply Chain Partnership with Everledge



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Accel leads First Round-backed HotelTonight’s $37M Series E (TechCrunch)
Its been an uphill climb at times for HotelTonight, but this bolsters its credentials.

Netflix still has a huge lead in the streaming wars, but Hulu’s smaller service has loyal users (Recode)

Fandango Will Start Selling Movie Merchandise, Including Apparel and Memorabilia (Variety)

Cox’s Finkelstein: DOCSIS 3.1 upstream bandwidth issue an ‘iceberg’ (FierceCable)

SAP Ariba Inks Blockchain Supply Chain Partnership With Everledger
(CoinDesk)







Digital health is helping to fuel the city's economy
(Crain's NY)








NJFX to Expand Jersey Data Center Campus that Links to Submarine Cables (Data Center Knowledge)

Adtech Is in for a Rough 2017. The Visible Measures Collapse Is Just the Beginning
(Fortune Term Sheet)


'Hillbilly Elegy' author J.D. Vance has a new job
(Axios)






2/17: Toshiba's big problem was Westinghouse's acquisition; Kraft Heinz after Unilever




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IT Services Giant Accenture Plans U.S. Hiring Spree (Reuters via Fortune)
A majority of its more than 380,000 employees are in India, Reuters reports.

Chaos at Toshiba: $6.3 billion write-down, chairman resigns, bankruptcy looms (Washington Post)


The $6.3 billion hit is related to Westinghouse’s acquisition in December of Stone & Webster, a nuclear construction business, from Chicago Bridge & Iron in December.

The Post reports: "Toshiba, which bought a majority stake in Pennsylvania-based nuclear power company Westinghouse in 2006, earlier said that it had received internal information late last month about irregularities during the acquisition. It had learned that controls at Westinghouse had been “insufficient” and that the company had used “inappropriate pressure” to make the acquisition."

i
Universal Rising: iPhone 8 One of the Ingredients for New $90 Cowen Price Target (Barron's Tech Trader Daily)

Potential Activist Funds Line Up to Take a Salesforce Stake (Bloomberg)

SAP license fees are due even for indirect users, court says (PCWorld)

T-Mo Jumps 4% as Reuters Says SoftBank Looking to Sell Them Sprint (Barron's Tech Trader Daily)

What’s the repair bill for Google Fiber, AT&T damage? (Charlotte
Observer)



Saturday Highlights: The Benioff Scale and SAP’s Cloud Leadership Conundrum; How Cable Labs is paving the way for lightning-fast broadband



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Is SuccessFactors about to do a Salesforce? (ResourceOnDemand)
In late November, Microsoft announced it would adopt SAP SuccessFactors as its HCM solution for its entire workforce.

Looking for Mr. Cloud: The Benioff Scale and SAP’s Cloud Leadership Conundrum (Joshua Greenbaum / Enterprise Applications Consulting)\









Pharma adopts data-science culture in move toward AI (Medical Marketing & Media)


Venture capital's bold move into population health
(Modern Healthcare)
On Philly venture TowerView Health and DreamIt Ventures.


How Cable Labs is paving the way for lightning-fast broadband (VentureBeat)
Fascinating interview with the CEO. Interesting story about how he was recruited.


It’s begun: Internet providers are pushing to repeal Obama-era privacy rules
(Washington Post)






Links 12/16: Fidelity gives BlackRock an early leg up in robo advice brawl; Violin Memory files for chapter 11



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Violin Memory shares collapse as it files for chapter 11 (The Register)
SAPs Sapphire Ventures was a significant investor in Violin prior to its IPO, as SAP was seeking better sources of advanced flash memory for use with HANA.


Fidelity gives BlackRock an early leg up in robo advice brawl
(Reuters via Daily Mail)
Fidelity also has Radnor-baed eMoney Advisor, of course.


Uber Defies California Regulators With Self-Driving Car Service (NY Times)


4 Takeaways From Oracle's Earnings Call
(Fortune)

Oracle Drops 4%: Cloud Transition Bumpy, Bulls Say Stay the Course (Barron's Tech Trader)

Net Neutrality’s Future in Crosshairs as FCC Chief Departs (Bloomberg)

Canada’s Rogers Kills Internet TV Project, Reaches Comcast Pact for X1 System (Variety)
Another nation sees the light, I imagine. Its hard to understate how central X1 is to Comcast's strategy.

Verizon Said to Weigh More Media, Ad Deals Amid Yahoo Turmoil (Bloomberg)


New North Shore building project hints at possible office move for SAP (Pittsburgh Business Times)

SAP Fieldglass Caters to Mid-Market With New Fieldglass Flex Offering (ASUG News)

Tax accounting software firm Avalara prepares IPO: sources (Reuters)
Doesn't quite compete head-on with Vertex, but might in future.







Links 10/21: Report: AT&T Agrees In Principle To Buy Time Warner; SAP Raises Sales, Profit Forecast on Improved Cloud Outlook



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Report: AT&T Agrees In Principle To Buy Time Warner (Reuters via Fortune)

Peter Chernin Poised for Top Time Warner Role If $85 Billion AT&T Deal Closes (Hollywood Reporter)

AT&T Is in Advanced Talks to Acquire Time Warner (Dow Jones via NASDAQ.com)

Why Wall Street Is Split Over a Possible AT&T-Time Warner Merger (Fortune)
"The logic behind AT&T acquiring Time Warner would likely be to counteract moves by Comcast, the cable giant that also owns NBC Universal, some analysts said."


SAP Raises Sales, Profit Forecast on Improved Cloud Outlook (Bloomberg)

INTERVIEW - SAP may mull dividend hike, modest share buyback - CFO (Reuters)

Infor Draws Full Buyout Interest From Advent, Apax, CVC (Bloomberg)


Many sites including Twitter, Shopify and Spotify suffering outage (TechCrunch)
Particularly along east coast.

Internet outage swoops in and out of the US this morning (CNET News)
Still appears to be some problems as of this afternoon. Twitter still unreachable as of 3:20pm.

DDoS on Dyn Impacts Twitter, Spotify, Reddit
(Krebs on Security)


Verizon: Street Rattled by New Signs of Vulnerability (Barron's Tech Trader Daily)

D&Z's Yoh buys $100M Starpoint Solutions
(Philly.com)




Links 10/18: Leaked email shows Salesforce once had Adobe on its target acquisition list; Qlik and Veeva Systems also on it



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Leaked email shows Salesforce once had Adobe on its target acquisition list
(Business Insider)
Qlik and Veeva Systems also on list.

Fidelity to Launch Digital Advice Platform for Advisors (T3 Technology Hub)
Joint Fidelity/eMoney development.

Uber, Lyft closing in on permanent approval in Pennsylvania (PennLive)SsSs

IBM Falls Despite Cloud Growth: Margins Undermine ‘The Transition’ (Barron's Tech Trader Daily)

Tech Companies Expect Free High-Speed Internet for Poorer Americans to Pay Off Later (NY Times)

Layer3 TV conducting pre-launch tests in D.C., Boston and Houston (FierceCable)

Baobab Studios Lands $25M ‘B’ Round
(Multichannel News)


SAP to make SuccessFactors employee-management service available on Microsoft's Azure (ZDNet)

Zenefits is trying to move past controversy with the launch of its new HR platform (Recode)
Speaking of SuccessFactors, its founder, Lars Dalgaard, took considerable criticism for the Zenefits meltdown as its key sponsor at Andreessen Horowitz, and has a big investment in its attempted recovery.




Links 10/13: SAP’s CEO Is on a Mission to Reform Healthcare; Verizon Says Data Breach ‘Material’ to Yahoo Deal



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Is Once-Rising Salesforce-Microsoft Partnership Now In Descent? (Investor's Business Daily)

SAP's S/4HANA Migration Pivot Offers Lessons For IT Pros (Information Week)

SAP’s CEO Is on a Mission to Reform Healthcare (Fortune)

VMware’s new cloud service will run on AWS (TechCrunch)

Amazon cloud boss Andy Jassy fires back at Oracle's Larry Ellison, says stats were 'made up' (Business Insider)
Ellison does throw out pure BS.







Berlin firm seeks $140 million tax break (Courier-Post)

Verizon Says Data Breach ‘Material’ to Yahoo Deal (Multichannel News)

Medical software’s search for a prescription to cure the ailing beast (Diginomica)


Saturday highlights; Amazon’s Alexa group on a massive hiring spree; ASUG Briefing: SAP’s $2.2 Billion IoT Push Includes Investment, M&A, Products, Labs





Does SAP still love Delco? Yes, says SAP North America President Jennifer Morgan



Tom Paine



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Downtown Newtown Square

Update 8/21: In a letter to the Delco Times, SAP North America President Jennifer Morgan reaffirmed SAP's commitment to keeping its NA headquarters in Newtown Square.

"Delaware County and the greater Philadelphia area is our home and it will continue to be the home of SAP in North America even as we continue to grow, expand, and refine our real estate footprint across the U.S. and Canada," she wrote.




Don't know what to make of a SAP America SVP dissing Delco.

In an article in the Daily Local News, Brian Reaves, senior vice president and head of diversity and inclusion at SAP, seemed to suggest that SAP America's east coast center of gravity would shift from Newtown Square (Delaware County PA) to New York City, where the company is opening spanking new offices at Hudson Yards. He found about three different ways to say Delco wasn't cool enough to attract millenial workers.

One minor quibble: neither the original Daily Local article or the followup article identified the context in which Reaves remarks were made; the occasion, the reason for the remarks, etc.

“Quite honestly, kind of like what’s happening in Germany right now, although we’re in Waldorf, Germany, where we’ve now opened up Berlin, people start to see the major cities as - I think in people’s minds regardless of what the physical paper looks like, I would think they’ll start to brand us more tied to New York City. So, it’s pretty exciting, pretty exciting coming up.”

Reaves said that while Newtown Square would remain North American headquarters from a "legal perspective," in substance New York City would be.

Newtown Square, where around the corner from SAP the Foxcatcher tragedy took place (before SAP arrived). Which once hosted a PGA Championship at Aronimink, only to lose its last  opportunity to host a major due to lack of minority membership. Where I used to stare at cornfields from my office on the other side of Route 3.

But those things are in the past. SAP moved to Newtown Square from a location near the airport around 2000. Its changed, and even has some chain restaurants and a Whole Foods. And people outnumber horses. On the whole a nice place and a trendy and wealthy zip, but it doesn't offer much housing for young people and its true to say its a far cry from NYC.

The sense I get from the article is that Reaves was out of line, and SAP communications people pushed back against his comments, restating SAP's commitment to keeping North American headquarters in Newtown Square, which SAP says now houses 2800 employees. But no doubt there was a grain of truth in Reaves' comments.




Sunday highlights: @DNCPHILLY Tech; Comcast X1 Dev in Colorado






Bill McDermott on SAP Quarterly Results (Bloomberg TV)





SAP profit tops estimates, as new software license revenue increases 10%





Philly Tech People News 6/9/2015: Comcast exec leaves for soon to be Cablevision parent; West Philly's Carter now a top Spotify exec






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Marwan Fawaz Named CEO of Nest (Multichannel News)
Former Adelphia, Charter and Motorola Home executive.

Altice USA Names Schreiber Chief Content Officer (Multichannel News)
Schreiber was senior vice president, content acquisition for Comcast

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

I want India to be the most innovative place for SAP: Dilipkumar Khandelwal
(Business Standard)

Spotify hires star music manager Troy Carter to help fight Apple and Jay Z (Recode)
Carter is a native of West Philadelphia.

Dudnyk promotes Tobias to president after Powers (Medical Marketing & Media)

Pinnacle 21 Attracts Clinical Data Standards Executive (Press Release)

Panitch Schwarze Hires Experienced IP Attorneys in Philadelphia (Press Relesse)


Vista Equity Partners, not SAP or Microsoft, to acquire Marketo


Tom Paine



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Private Equity firm Vista Equity Partners has reached an agreement to acquire marketing automation firm Marketo for $1.8 billion in cash.

The deal strikes me as being somewhat unusual as Marketo was still in a growth stage typically less amenable to PE financing, and it had considerable percieved value to strategic buyers. In fact, SAP and Microsoft were widely thought to be the two most likely acquirers. Some knowledgable people I follow had already assumed that SAP would be the buyer.

The aquuisition price of $35.25 represents a 64% premium over Marketo's share price on May 9, when the most recent reports that Marketo was being shopped surfaced.

The San Mateo, CA-based company, which went public in 2013, posted revenue of $210 million and a net loss of $71.5 million in 2015. Revenue grew from $150 million in 2014 and $96 million in 2013.

SAP acquired marketing systems vendor Hybris in 2013, and in fact has been trying to position it as a CRM alternative.