Updating Philadelphia's "Young Companies to Watch"

Follow @phillytechnews

Tom Paine

I've updated Philly Tech News' "Young Companies to Watch" by removing Octagon Research Solutions after the completion of its acquisition by Accenture, which I wrote about here: (Accenture completes acquisition of Octagon Research Solutions; will be "fully integrated"). Although I don't know how much Accenture paid for it, Octagon was at the top of my list based on a rough estimate of potential market value.

To replace Octagon, I've added SkillSurvey of Wayne. Founded in 2001, SkillSurvey has been a pioneer in automating web-based reference-checking in the employment application process. According to a Bloomberg article earlier this year, the company said last year’s revenue was $9.5 million and this year's should be more than $14 million. SkillSurvey has raised $5.7 million from investors including Milestone Venture Partners and Inflection Point Ventures. It is probably a good M&A candidate giving the consolidation going on now in the talent management space.



permalink

Daily Links 3/9/2012: Bloomberg on Wayne-based SkillSurvey; SAP looks to partner with startups on HANA

Cloud Integration in 2012: Dell Boomi, Taleo Focus on End-to-End Business Processes (Integration Developer News)

Working In ‘HANA Time,’ SAP Looks To Build Ties With Start-Ups (Wall Street Journal: Venture Capital Dispatch)


Google May Be Ready to Sell Part of Motorola, but Who Will Buy? (Mari Silbey/Zatz Not Funny!)

SkillSurvey Helps Employers Get ’Honest’ References for Potential Hires (Bloomberg)
SkillSurvey is based in Wayne.

Philadelphia advertising community hands out ADDY award (Philadelphia Business Journal)

South Philly's entertainment venue Xfinity Live! set to open at sports complex (Philadelphia Daily News)

Bad Karma: Our Fisker Karma plug-in hybrid breaks down (Consumer Reports)
Any new model (particularly from a totally new company) is going to have issues, though you wonder if they are pushing cars out too quickly because of financial pressures and the need to show they can be viable. Fisker is going to need a lot of financial help, and the prospect of getting that Delaware production line going seems further and further away.



permalink