Health Market Science receives more funding

Cross Atlantic Capital Partners of Radnor led a $6.1 million round of financing for King of Prussia's Health Market Science, a provider of healthcare marketing information services.

Edison Venture Fund of Lawrenceville NJ also participated with a $1.4 million follow-on investment, bringing its total capital invested in the company to $18.5 million, according to Edison.

As I noted earlier this week, HMS appeared to have a large number of open positions for which it was recruiting (see their "Careers" page). Health Market Science had revenue of $25.5 million in 2008, according to Inc. Magazine.




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SAP Completes Acquisition of Sybase, Inc. (PR Newswire)

Computer with patient data stolen from Jefferson (Philadelphia Inquirer)

Quality Systems Reports Fiscal 2011 First Quarter Results (Business Wire)
Quality Systems' primary business unit is NextGen Healthcare of Horsham.

Dish to File Comcast Complaint for Blocking Sports (Bloomberg Business Week)
Complaint over access to Comcast SportsNet Philadelphia.

Retail tru2way devices are officially DOA, even Panasonic stops trial
(Engadget)

Appearance: PPUG meets tomorrow in Philadelphia (ZDNet Blogs)

Enterprise License Agreement Extends GIS Success for City of Philadelphia (ESRI Press Release via GISUser.com)




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Daily Links 7/29/2010: Comcast threatens disconnects over unpaid balances of $0.00 (Gizmodo)

Comcast Discussing Philly RSN Carriage With Dish, DirecTV: Sources (Multichannel News)


Comcast Flashes Cash at Biz Services, SDV
(Light Reading Cable)

Comcast To Customer: Pay Us $0.00 Or We'll Cancel Your Service (Gizmodo)

SCVNGR Launches Sophisticated Rewards Program (Mashable)
Program to launch first in Boston and Philly.

Even SAP is using more open source
SAP signs on for Black Duck Suite, a tool that manages use of open source software
(Network World)

Where Do You Buy Your Broadband? (Zatz Not Funny!)
Best Buy to become reseller of Clearwire WiMAX service under the brand name "Best Buy Connect".




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Comcast results beat estimates

Comcast Profit, Revenue Top Estimates on Premium-Product Sales (Bloomberg)
But profit falls 9% on NBC Universal expenses.

Moffett on Comcast 2Q: Sunny with Chance of Regulatory Clouds
Says NBCU deal conditions will affect future cash flow
(Broadcasting & Cable)

Comcast’s Burke: ‘With NBC, Our Ad Business Will Be Worth $10 Billion’ (paidContent)

A look at Comcast 2Q results by business segment (AP via Google News)

Comcast Corporation Q2 2010 Earnings Call Transcript (Seeking Alpha)




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Daily Links 7/27/2010: Apple to open Center City store on Friday

Apple to Open First Retail Store in Philadelphia (on Friday)
(Mac Rumors)

Lockheed surfs Pentagon changes; 2Q net up 12 pct (AP
via Google News)

Unisys Soars As Q2 Results Crush Street Rev, Profit Estimates
(Barron's: Tech Trader Daily)
Unisys income triples on sale of health-information unit (Philadelphia Business Journal)

Unisys to Offer Mainframe Cloud Services (PC World)

Ametek Q2 results beats Street, sees strong FY10 (Reuters)

New ISP rank and cost data from Ookla, Comcast on top (Seattle Times)

Comcast's Target: 105-Meg D3 Downstream (Light Reading Cable)

UnitedHealth Said Near $1.5 Billion Purchase of Services Firm (Bloomberg)
Would acquire Newtown Square-based Executive Health Resources Inc.

Harleysville CIO Akhil Tripathi Resigns
Sources say Tripathi left the company for personal reasons.
(Insurance & Technology)




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SAP profits increase 15%, but short of estimates

SAP Second-Quarter Profit Rises 15%, Missing Estimates (Bloomberg)
Software revenue up 64 percent in the Americas, up 11 percent in Asia, but down 9 percent in Europe, the Middle East and Africa.

SAP reports healthier Q2 2010 (ZDNet Blogs)

SAP Reports Revenue Up 12 Percent, Earnings Up 15 Percent (IDG via New York Times)

SAP Completes Tender Offer for Shares of Sybase, Inc. (PR Newswire)

Bayer Implements Global IT Strategy With SAP (PR Newswire)

SaaS Market Grows Spectacularly to the Detriment of the IT Kings (ReadWrite Cloud)




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Enterprise Software Is Sexy Again (TechCrunch)

Clicking on T-Commerce
Comcast to Deploy Shopping Channel QVC’s New EBIF App
(Multichannel News)

Franken: Comcast-NBCU, Net Neutrality are 'First Amendment' Issues of Our Time (The Wrap)

Pace Makes $475M Move on 2Wire (Light Reading Cable)


Dechert Must Pay Taxes for Canned Computer Software (The Legal Intelligencer via Law.com)
I'm not sure whether this Pa. Supreme Court ruling leaves a gray area as to whether SaaS or cloud computing services would be taxable.

Start-Ups Look To Disrupt Stodgy PC Management Space (Wall Street
Journal: Venture Capital Dispatch)
Fiberlink Communications of Blue Bell is one of the companies discussed.

Kenexa Announces Acquisition of The Centre for High Performance Development (Business Wire)

Sabre founder to speak about success at BDPA conference (Philadelphia Inquirer)




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Philly Tech Tidbits 7/25/2010

Drexel graduate Nathan Kuruna has been going all over America shooting interviews with gamers about Newgrounds, the Glenside-based Flash gaming site founded by Tom Kulp, with the goal of producing a video documentary titled "Everything, By Everyone", a site called Kokatu Australia reports. But he is going to need some funds to put the whole production together, so he has set up a KickStarter page where people can contribute. Right now he is about halfway to his $12,000 goal. Contributions of $100 or more will get you a personal tour of Newgrounds' offices.

Boomi, the Berwyn-based provider of cloud-based application integration systems, tweeted last week that they are looking to fill several new positions. Everyone in the business talks about how great Boomi is doing, but I haven't been able to find any information of how Boomi is actually doing in terms of metrics (such as revenue, growth or number of employees) although I am sure some industry analysts have a good idea. Boomi hasn't reported any additional venture capital infusions since an initial round of $4 million by FirstMark Capital in 2008. Competitor Cast Iron Systems was acquired by IBM in May.
Another company that appears to have several open positions is Health Market Science, the King of Prussia-based healthcare marketing information company.

Two upcoming events are of particular interest. The BDPA (Black Data Processing Associates), an organization founded in Philadelphia in 1975 by Earl A. Pace, Jr. and the late David Wimberly, will hold its National BDPA Technology Conference at the Philadelphia Downtown Marriot July 28 through July 31. And Tech cocktail, which hosts technology showcases in various US cities, is coming to Philadelphia for the first time. The event, to be held on the evening of August 12th at the Field House Sports Bar, will features companies in the DreamIt Ventures program as well as other local startups.

Applications to be Fellows for the initial year of Code for America, which will help Boulder, Philadelphia, Boston, Seattle and DC build Gov 2.0 apps, are due August 15, ReadWriteWeb reports. Fellows will spend most of their 11-month 2011 term in Code for America's home base of San Francisco and will spend one month in the city they are assigned to help. The program provides a stipend of $35,000, travel expenses and health benefits.

Alteva, the Philly-based provider of hosted VoIP and unified communications services, cites the the potential for significant energy savings and reduced carbon dioxide gas emissions from using hosted versus on-premise VoIP systems.

Collegeville-based mobile technology firm Movitas seems to have ramped up its online advertising since announcing a $3 million investment last week. I am seeing Movitas ads all over the place.

Geekadelphia reports that the Center City Apple store on Walnut Street now has an Apple logo, though it is still unclear when the store will be ready to open.




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