phillytechnews twitterfeed 9/5 to 9/6/2012


Posted: 06 Sep 2012 03:51 PM PDT
phillytechnews: RT @jaketapper: Philly Mayor attacking Romney's skepticism re: the importance of class size, but Ed Secy Duncan shares that skepticism h ...
Posted: 06 Sep 2012 03:11 PM PDT
phillytechnews: Daily Links 9/6/2012: Apple talks with broadcasters, cable ops said to be stuck http://t.co/irMgPvDe


Daily Links 9/5/2012: Journal Register files for bankruptcy, up for sale; Fiberlink M&A target?



Renewed rumors in MDM M&A, spotlight on Fiberlink (451 Group: Inorganic Growth)
Fiberlink is based in Blue Bell, although it recently opened an office in Philadelphia.

10 Questions for Fiberlink CFO Mark Partin (PC World)

Another Tough Step (John Paton/Digital First)
Yardley-based Journal Register files for Chapter 11 Bankruptcy, will be sold, parent company CEO announces.

Journal Register Company files for bankruptcy (Poynter)


Nebula Raises $25M From Comcast, Kleiner Perkins To Help Companies Deploy On-Premise, Private Clouds (TechCrunch)

SAP Is Morgan Stanley's New Best Idea; Bullish On HANA (Eric Savitz/Forbes)

Oracle Wins Partial Victory in School's Software Project Lawsuit (PC World)

Qlik Shares Rally As Morgan Stanley Turns Bullish (Eric Savitz/Forbes)

Astea International Launches ServiceVision(TM): Cloud-Based Solution that Will Transform the Way Small and Midsize Businesses Deliver Service (PR Newswire)
Astea is based in Horsham.

Kenexa Releases the Industry’s First Social LMS, an Integral Part of Its Learning Suite (Business Wire)
Perhaps adds more substance to the emphasis IBM place on "social business" when it announced the acquisition last week.

Cable Industry Courts Network DVR (Zatz Not Funny!)

Good news for Del.: Fisker says Atlantic is a priority (Delaware Online: Delaware Inc)
What is the probability of a single Fisker automobile ever coming out of that Delaware plant?


phillytechnews twitterfeed 9/3 to 9/4 2012


Posted: 04 Sep 2012 09:26 AM PDT
phillytechnews: RT @WSJ: Breaking: Apple announced a Sept. 12 media event, where it is widely expected to unveil a new iPhone. http://t.co/u90uzHul
Posted: 04 Sep 2012 09:06 AM PDT
phillytechnews: Philly Tech News Events Calendar: Updated 9/3/2012 http://t.co/di7JMsJt


Highlights last week on Philly Tech News (8/27/2012 to 9/2/2012)



IBM announced it would acquire Wayne-based talent management SaaS vendor Kenexa for just less than $1.3 billion. I also looked at IBM's motivations behind the buy and what it might mean for Kenexa's future within IBM.

I took a look at Time Warner Cable's decision to build out fiber to selected New York City business locations, and asked whether Comcast had any similar plans.

Upstart cloud-based SAP & Oracle competitor Workday formally filed for its IPO, which could raise $400 million or more and put a valuation of several billion dollars on the company.

SAP co-CEO Bill McDermott appeared in front of the Churchill Club in Silicon Valley. He recounted what happened when he and Jim Hagemann Snabe were first appointed co-CEOs, and also a phone call with Steve Jobs.

Google was reported to have hired a banker (Barclays) to shop its Horsham-based Motorola Home unit, which engineers equipment and software for the cable industry.

Philly digital health agency Razorfish Health merged with another Publicis unit, Publicis Healthware.

The Harrisburg Patriot-News became the latest Advance Publications daily to announce a move to printing three day per week, raising the question of whether Advance's New Jersey dailies would be next.



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Eric S. Raymond to speak at Philadelphia Linux User Group tomorrow (Wednesday, the 5th) night



Eric S. Raymond, a pioneer and thought leader in the Linux and open source software worlds who resides in the Philly area, will speak tomorrow night, September 5, at the Philadelphia Linux User Group (PLUG) Central Meeting.

The meeting will run from 7 to 9 pm at the University of Sciences in Philadelphia. Raymond's talk will start at 8.

See this brief bio here.



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A look back at PTN's "Young Companies To Watch" from a year ago: 10 of 30 acquired


Tom Paine



Young

Companies

To Watch



Taking a look back at Philly Tech News' "Young Companies To Watch" list as it stood in July 2011, 10 of the 30 startups have been acquired since then, including the top four. I'm guessing that Accenture's recently announced acquisition of Octagon Research Solutions will be the largest exit in terms of valuation, though no word from principal investor Edison Ventures yet. myYearbook was acquired by Quepasa Corp (now MeetMe) for $100 million, though that was mostly in stock. Estimates I've seen from the Indian press for the price CSC paid for AppLabs, the software testing firm founded by Sahsi Reddi and co-headquartered in Philadelphia but having most of its headcount in India, suggest it might have been as high as $200 million. Portico Systems was acquired by McKesson for $90 million.

Active Network acquired StarCite, the once high-flying corporate meeting management site that had faltered a bit durng the recession, for about $51 million in stock and cash. Philly-based cloud unified communications provider Alteva was acquired by New York-based Warwick Valley Communications, an old-line local telco that is essentially remaking itself in Alteva's image, for $17 million. Mobile payment startup Venmo moved to New York last year and was recently acquired by Braintree for $26 million. Yardley-based MobileMD was acquired by Malvern-based Siemens Healthcare for a price that hasn't been disclosed, but the exit probably produced a good IRR for its investors. Safend was acquired by Massachusetts-based Wave Systems for $12.8 million. SEO software vendor ClickEquations was acquired by ICG partner company Channel Intelligence for an undisclosed amount and subsequently sold to Acquisio.

Mortgage tech startup ISGN moved its headquarters to Florida. appMobi appears to have moved at least in part from Lancaster to San Francisco. Exton-based iPipeline received a $71.4 million VC investment earlier this year.

Philly Tech News' "Young Companies To Watch" is my somewhat objective, somewhat subjective, imperfect ranking of Philly area startups in terms of their potential. I use whatever bits of financial data that are available, and other metrics that are indications of market acceptance. Also considered are factors such the background of founders, quality of investors, amount of investment (though not always a good indicator), the quality of their proprietary intellectual property, and industry recognition. Not interested in revenue for its own sake, but rather the potential for profitability, competitive advantage and market value. It includes only privately-owned companies or firms in which publicly-traded companies have a minority interest. You can see the current version on the right sidebar.

I'm always interested in hearing from anyone who wants to provide information that helps me provide a more accurate picture.




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His "greater-good" vision for the Kenexa-IBM deal (Philadelphia Inquirer)

Ax looming at Matt’s ‘Today (NY Post)




Understanding Workday's IPO filing
(Dennis Howlett/ZDNet)

At Box, a Fast-Moving Chief Immersed in the Cloud (New York Times: Disruptions)