QlikTech files for IPO

In a long anticipated move, in-memory business intelligence provider QlikTech of Radnor announced today it had filed a registration statement on Form S-1 for a proposed initial public offering of common stock. No info at this time concerning number of shares or pricing. Morgan Stanley, Citigroup Global Markets, and J.P. Morgan are acting as joint book-runners, and Jefferies & Company and Thomas Weisel Partners LLC will be co-managers.

QlikTech has grown rapidly and achieved revenue of $120 million in 2008; I have yet to see 2009 figures. This should be the biggest tech IPO in the Philly area in some time. I don't have enough information to makes guesses as to how much the company is worth except that it should be in the hundreds of million dollars. An IPO not only would help some people to "cash out" or get some liquidity for their interest in QlikTech, but it would also give the company a currency to make acquisitions to broaden its product portfolio.

See press release here.




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Daily Links 4/1/2010: LoKast Creator Secures $1 Million In Venture Funding

LoKast Creator Secures $1 Million In Venture Funding (MediaPost: Online Media Daily)

Comcast demos live 3D TV
(CNET News)

Successes (and Some Growing Pains) at Hulu (New York Times: DealBook)

Haggar Clothing Co. Launches E-Commerce Business with GSI Commerce as Its Strategic Multiyear E-Commerce Partner
(Business Wire)

Verizon, IBM launch private cloud backup service (Computerworld)

Lawson puts its ERP on Amazon's cloud (IDG via Business Week)

Forrester Critiques SAP's Data Management Tools (IT Business Edge)

Moxy Vote looking forward to this year’s proxy season (Philadelphia Business Journal: Law & Finance Blog)

CPSI Announces the Acquisition of Devon Consulting (PR Newswire)

Berliner Communications Announces Financial Results for Six Months Ended December 31, 2009 (PR Newswire)

Clear Align of Eagleville uses brainpower to make gains in optics work (Keystone Edge)

WebLinc launches DeepDiscount.com (WebLinc Blog)

VERIZON FIOS TV LAUNCHES INTERACTIVE TV WIDGET FOR BASEBALL FANS (InteractiveTV Today)

Pennsylvania Invites World to Explore Its Civil War Trails on Google Earth (PR Newswire)




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Daily Links 3/31/2010: Tierney says won't turn Philly papers over to "hedge funds"

CBS Affiliates 'Concerned' About Comcast-NBCU Deal (The Wrap)

QlikTech Responds to Enterprise Demand with Launch of Global QlikView Scalability Center (PR Newswire)

Does StreamWork Give a Picture of SAP's Future? (Read Write Enterprise)

Larry Ellison's Nightmare: 10 Ways SAP Can Beat Oracle (Information Week: Global CIO)

Tierney: I'm not going to turn Philly's papers over to hedge funds that want to strip and flip them (Poynter Online: Romenesko)

Megapath And Covad Announce Merger
No terms announced -- to close sometime during Q3 (Broadband Reports)

600,000 Mentoring Grant to Spur Interest in Computer Science for Students of All Ages (Penn Almanac)

USA Technologies Launches ePort Wireless Test Kit for Vending, Unattended POS Markets
Solution Tests for Optimum Signal Strength for Cashless Payment and Communications Efficiency (Business Wire)

Three Trends Expected to Be Hot Topics at SunGard Higher Education’s Annual User Conference, SunGard Summit (Business Wire)

Start-Up Aims to Be a Hub for Location Data (New York Times: Bits)
Backed by First Round Capital.





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Daily Links 3/30/2010: hhgregg hiring for 12 new Philly-area stores

Q&A: Michael Powell: Title II Move Could Spark ‘War’
Reclassifying Internet Would Be a Disaster, Warns Ex-FCC Chairman (Multichannel News)

The Press Realizes The FiOS Party Is Over
But doesn't quite see the bigger picture yet... (DSL Reports)

Open Source Enterprise Company MuleSoft Raises $12 Million From SAP And Others (TechCrunch)

SAP's 'virtual war room' tool gets a name: StreamWork (Network World)

USDA Awards $500 Million IT Contract (Information Week)
To implement large SAP deployment.

Emerging Technologies for the Enterprise Conference like Woodstock, organizer says (Philadelphia Business Journal: Technology Blog)


BioNanomatrix Announces Issuance of Key Nanochannel Array Patent for High Throughput Macromolecular Analysis
- Patent is licensed exclusively from Princeton University - (PR Newswire)

hhgregg Announces 600 Job Openings for 12 New Stores in the Philadelphia Area (Business Wire)

SCO loses again: jury says Novell owns UNIX SVRX copyrights (Ars Technica)



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Daily Links 3/29/2010: Oracle's Larry Ellison Declares War On IBM And SAP

ICG Commerce's 2009 Results Suggest Procurement BPO Growth
(Spend Matters)

Acorn Energy Announces Fourth Quarter and Fiscal 2009 Financial Results (PR Newswire)

Oracle's Larry Ellison Declares War On IBM And SAP (Information
Week: Global CIO)

Rimini Street sues Oracle (ZDNet Blogs)

Synygy Announces Full Integration with Oracle® CRM On Demand (Business Wire)

Technology Shines at 2010 NJTC Venture Conference (PR Newswire)

Specter wants to extend U.S. privacy curbs to Web-cam use (Philadelphia Inquirer)

ShopNBC parent makes headway on road to profit (Minneapolis Star Tribune)
Imported execs from QVC.



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Philly Tech People News 3/28/2010

Journal Register Company Names William Higginson as President and Chief Operating Officer (Marketwire)

Journal Register Company Establishes Advisory Board
Prominent Media Thinkers Jeff Jarvis, Jay Rosen and Betsy Morgan to Advise Company on Rapidly Changing Media Landscape (Marketwire)

The Judge Group Confirms Major Investment in New York City Market (Business Wire)

Vodafone presses Verizon for payouts: reports (MarketWatch)

US cable companies see future in business services (Reuters)

Vishay Precision Group Files Form 10 Registration Statement (Business Wire)

Irish spinoff touts "nanochromics" printable displays (Electro IQ)
NTERA is based in Radnor.

TIBCO acquires Princeton's Netrics

TIBCO Software announced yesterday that they have acquired Netrics of Princeton. Netrics specializes in enterprise data matching technology, which helps enable the intergration of different databases and improves data quality. Netrics was privately held and terms have not been disclosed. Netrics' CEO and President Stefanos Damianakis has joined TIBCO.




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Daily Links 3/26/2010: BioClinica Acquires TranSenda International

Gonzalez Sentenced for Multimillion Dollar Credit Card Scam
(PC World)
Heartland Payment Systems, TJX hacker faces additional sentencing today.
Hacker Sentenced to 20 Years for Breach of Credit Card Processor (Wired Blogs: Threat Level)
This is the sentence specifically for the Heartland Payment case; it will run concurrently with the sentences he received yesterday in the other cases (see above article).

BioClinica Acquires TranSenda International, LLC
-- Adds Clinical Trial Management Software With Microsoft Office Interoperability -- (Business Wire)

Oracle's enemies of choice: IBM and SAP; Examining the prospects (ZDNet Blogs)

Even with Comcast's Fancast Xfinity Web site, 'TV Everywhere' still isn't (Washington Post)

Verizon winds down expensive FiOS expansion (Associated Press via Washington Post)

TV's "Undercover Boss" Gets Leadership Wrong (Leadership 3.0)
Undercover Boss GSI Commerce Episode "Villain" Danielle Campbell Tells Her Side (Associated Content)
I was wondering myself what really happened there.

CITY OF PHILADELPHIA TO COMPETE TO BECOME A GOOGLE INTERNET TEST SITE (City of Philadelphia Press Release)
Next steps for our experimental fiber network (The Official Google Blog)

N.J. awarded $11.4 million for electronic health records (New Jersey
Newsroom)

New Penn website connects projects and people (Daily Pennsylvanian)

Innovative wireless products shine at CTIA 2010 (Computerworld)
Discusses Philadelphia's Connectify.

Astea Reports Full Year 2009 and Profitable Fourth Quarter Results (PR Newswire)

Former Phila. clerk sentenced for stealing city cell phones (Philadelphia Business Journal)




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Daily Links 3/25/2010: Comcast broadband meter live in (at least) parts of Philly area

Sarnoff will remain in N.J. after integrating with Calif. parent (NJBIZ.com)

GSI Commerce Expands Existing Line of Credit to $150 Million (Business Wire)

SAP's wasted passion (ZDNet Blogs)

Oracle Reports GAAP EPS of $0.23, Non-GAAP EPS of $0.38
(Marketwire)
Oracle FY Q3 In Line; Revs $6.4B; Non-GAAP EPS 38 Cents (Barron's: Tech Trader Daily)
Oracle: Sun integration 'better than expected;' Exadata pipeline swells (ZDNet Blogs)

Mobs Are Born as Word Grows by Text Message (New York Times)

House Hearing Shapes Up as Title II Fight
Battle Brewing Over The Possibility Of FCC Reclassifying Internet Access (Multichannel News)

Is DISH Network Buying TiVo? (Multichannel News)

Comcast Usage Meter Now In 25 States
With plans to expand meter nationally 'as soon as we can' (Broadband Reports)
Including at least parts of Pennsylvania.

NBC gets financing for Comcast merger (Reuters)

Plaxo CEO Ben Golub Steps Down, To Be Replaced By Justin Miller (TechCrunch)
Plaxo was acquired by Comcast in 2008.

Messengers of Capital Deliver on Entrepreneurs' Dreams (Keystone Edge)
On the upcoming Angel Venture Fair.

PECO Selects Comverge for Energy Management Program (Business Wire)

Verizon says no to Clearwire proposal to merge WiMAX, LTE
(MuniWireless)

Major League Soccer's slick new video service debuts in Seattle
(Seattle Times: Brier Dudley's Blog)

Finkelstein Uses Phillies Fever Defense
Online Ad, Solicitation Of Police Lead To Charges (MyFox Philly)




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