OnPath Technologies of Marlton raises $3.1 million

OnPath Technologies of Marlton has apparently raised $3.1 million in equity, according to an SEC filing picked up by the website Formds.com.

A 2007 spinoff from Brocade Communications, OnPath provides scalable connectivity and monitoring solutions for high-performance networks. OnPath has also recently announced several senior management changes.




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Daily Links 10/15/2010: First Round Capital raises new $126 million fund

Josh Kopelman’s First Round Capital Quickly Reloads with $126.4M (PE Hub)

NBC’s Soft Spots Will Be Comcast’s Problem Soon (Wall Street Journal: Deal Journal)

Comcast-NBCU merger review expected to go into 2011: analyst (Washington Post: Post Tech)


Cable Guys Buck Up for BNI Video (Light Reading Cable)

icueTV’s t-Commerce Application Selected as a Finalist for CTAM’s “Get Interactive Awards” (Business Wire)
Haven't heard much from Cherry Hill's icueTV in the past year.


Comverse unloads Ulticom to Platinum Equity for $90m
New-Jersey based company has long been on the shelf and is the first of Comverse's subsidiaries to be offloaded. (Haaretz)
Ulticom’s shareholders cash out (Inorganic Growth)

Alphion Finds GPON Success in India (Light Reading Asia)
Alphion is based in Princeton Junction.

10 Lessons Learned from the HP-Oracle-SAP-NY Times Saga (CIO.com)

Herley Industries reports $3 million 4Q net loss (AP via Bloomberg Business Week)


Employees of Email Marketing Company Take Vow Not To Sleep
AWeber Communications Hosts 24-Hour Video Game Marathon to Benefit Local Children's Hospital (PR Web)




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Daily Links 10/14/2010: Verizon stores to begin selling iPad later this month

Clearwire’s Spectrum Is The Best Thing It Has Going For It—So Why Sell? (mocoNews.net)

Verizon Stores, Not To Be Outdone, Will Sell The iPad On October 28 (TechCrunch)

Business Journal’s Philadelphia 100 honored (Philadelphia Business Journal)

FCC Votes to Change CableCARD Rules
Move meant to spur competition in cable digital set-tops (Broadcasting & Cable)

Moody's Revises Cable Sector Outlook
Sluggish Economy, Increased Competition Weigh on Sector (Multichannel News)

Comcast targets Lone Star State, causing big money to flow (Washington Examiner)


Microsoft Aims at Salesforce.com With CRM Offer (PC World)
Also to reveal new plans for linking its Dynamics ERP offering with SAP ERP.

SAP's Strategy For The CRM Battle (Forbes)
Interview with Jujhar Singh, SAP senior vice president of CRM Solution Management.

Mozilla Taps SAP Executive as New Chief (New York Times: Bits)

Oracle: Citi Sees BMC, CERN, MLNX As Potential Deal Targets (Barron's: Tech Trader Daily)

The next evolution of investor 'office hours' (Fortune: The Term Sheet)

Viridity Energy and the University of California San Diego Awarded $1.6 Million to Optimize Solar Deployment on UCSD Campus Microgrid (Business Wire)




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Daily Links 10/13/2010: Lockheed sells Valley Forge consulting unit EIG for $815 million

Lockheed Sells EIG Consulting Unit to Veritas Capital (Bloomberg)
EIG is based in Valley Forge.

Sony’s Google TV-Powered Devices Have Arrived (Mashable)

Clearwire Said to Seek Up to $5 Billion in Spectrum Auction (Bloomberg)

Philly's their game
City places and faces enliven a first-of-its kind app coming from a flourishing indie game community. (Philadelphia Inquirer)

Joe Nocera Pleads Ignorance in Fiancée-Based Conflict of Interest (Gawker: Valleywag)


SAP Workflow use spreading beyond financials to compliance, utilities, HR (SearchSAP.com)

QlikTech : There is a Huge Untapped Opportunity in BI (Channel World)

Almac Successfully Moves its Clinical Technologies Business Unit Into New North American Headquarters (PR Newswire)

Salesforce.com and Veeva Systems Announce Expanded Alliance to Serve the Global Pharmaceutical and Biotechnology Industry (Business Wire)
Though based in California, Veeva has much of its sales and client services functions in Malvern.

NextGate and NextGen Healthcare Form Partnership to Deliver Health Information Exchange Solutions (Business Wire)

Drexel Engineers May Soon Replace E-Z Pass Box with Transparent Antenna (PR Newswire)

Context Capital Partners invests in hedge fund Betzwood Partners, LP

Context Capital Partners is a Bala Cynwyd-based private equity firm that invests in and provides operational and management support to other actively managed investment funds. It manages about $300 million, raised from both individuals and institutions. Founded in 2005, Context had previously invested in three sectors: distressed real estate, small banks, and RV parks. Despite the economic problems that have ocurred since then, the first two sectors have worked out rather well for them, according to Ron Biscardi, Context's managing partner, though the investments in RV parks haven't performed too well because of the effects of the credit crunch on that market.

Now Context is entering a new area; it announced last month it was investing in a hedge fund for the telecommunications, media and technology sectors. The fund, Bala Cynwyd-based Betzwood Partners, LP, was formed in 2009 by David Sung, who had previously run a similarly focused fund at Susquehanna International Group. The size of Context's investment was not disclosed. As a hedge fund, Betzwood is managed to be "market neutral" and to minimize risk by taking both long and short interests. One hypothetical example of what Betzwood might do would be to base an investment decision on a detailed comparative analysis of two stocks like Comcast and Time Warner Cable. It requires strong skills in fundamental financial analysis and a firm grasp in the underlying technologies and market forces that drives these companies.

Sung, who grew up in North Jersey, attended Villanova as an undergrad and also recieved an MBA from NYU's Stern School and is a CFA (Chartered Financial Analyst). Bascardi said Sung had excellent results at Susquehanna, and that Betzwood had also performed well since its founding.




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Daily Links 10/12/2010: Lower Merion Laptop Spying case settled for $610,000

Google to Invest in Mid-Atlantic Wind-Power Project (Bloomberg)

Pa. school district laptop spying case settled for $610,000
Lower Merion school district near Philadelphia accused of spying on students through webcams (Network World)

BNI Video helps cable providers compete with Web TV (VentureBeat)
Backed by Comcast among others.
BNI Video Press Release.

Internet Advertising Hits New Revenue Record (Mashable)

Global CIO: In Oracle Trial, HP Might Pay Higher Price Than SAP (Information Week)

SAP's Sikka: "I am not a donut." True. And he wowed the SAP TechEd crowd (ZDNet Blogs)

SAP's NetWeaver Isn't Dead Yet (PC World)

Ulticom To Be Acquired By Platinum Equity At $8.07 A Share
(Barron's: Tech Trader Daily)
Ulticom Inc. Agrees to Be Acquired by Affiliate of Platinum Equity (Business Wire)
Ulticom is based in Mount Laurel.

Orchestrall and Newtouch Form Strategic Alliance to Help US Businesses Gain Low-Risk China Access (Business Wire)

The Keys To Building Health Care IT Companies (Forbes.com)




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Daily Links 10/11/2010: Comcast officially unveils WiFi Hotspots for Xfinity users

Comcast Launches Xfinity WiFi in Areas of Greater Philadelphia, New Jersey and Delaware
Thousands of Hotspots in Parks, Train Stations and Shopping Districts Accessible to Xfinity Internet Customers for No Additional Cost (Business Wire)
Comcast Cuts The Cable, Rolls Out 2,000 Xfinity Wi-Fi Hotspots (Gigaom)

Google TV Guns for Cable Deals (Light Reading Cable)

Microsoft, Comcast, Yahoo: no zombie cookies here, Congress! (Ars Technica)

Inside The M&A East Conference (The Bulletin)

HP Chairman Lane Smacks Back at NYT’s Nocera: The Poison Pen Letter! (All Things Digital: BoomTown)

SAP TechEd to Go Deep on Mobility, On-demand (PC World)

Travel advertisers use CAPTCHA for branded type-ins (Tnooz)

About.com Founder Scott Kurnit Launches Huge New Startup Called "AdKeeper" (Silicon Alley Insider)
First Round Capital's latest ad tech investment.


Epic, Cerner Dominated CIS In 2009 (Information Week)

Pepperjam Launches More Than 160 Affiliate Programs, Including BJ’s Wholesale Club
GSI Commerce performance marketing network continues to expand client portfolio (Business Wire)

XTel Communications serves up wholesale Ethernet service suite
(FierceTelecom)




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A Double Standard at H.P. (New York Times)

Setting the Record Straight: Oracle, SAP, TomorrowNow, and the NYT
(Enterprise Matters)

Phiily Tech People News 10/10/2010

Electronic Ink Enlists Veteran Government Executive to Spearhead and Streamline Client Initiatives
Naomi Wyatt, Esq. Joins the Technology Design Consultancy as Vice President, Client Strategy (Business Wire)

BioNanomatrix Founder and CSO Dr. Han Cao Awarded Chinese Rising Star Entrepreneur Award (PR Newswire)

TMG Health Hires New Medicaid Leader (PR Newswire)

e-Dialog Appoints Peter Ockerbloom as Executive Vice President of Sales (Business Wire)

The Hal Lewis Group adds Amanda Finkel and Hallie Fento (Philly Ad Club News)

Report: Mass Layoffs coming at Malvern's Siemens Healthcare

The blog HIStalk reports (apparently has copies of actual internal email announcements) that Malvern-based Siemens Healthcare will be laying off up to 475 people starting in a couple of months. Many of these jobs will be transitioned to India and Romania, including support for Siemens' mainstay Soarian Healthcare IT product. No word on how many Pennsylvania jobs will be affected.

BMC Jumps to Highest Since 2000 on Report of Potential Sale (Bloomberg)
SAP, Oracle reported to be possible suitors.

SunGard's Conde Sees `Tough Year', Will Continue Hiring: Video (Bloomberg via Washington Post)