Working Alone, Together (New York Times)
On coworking, with a huge photo of Indy Hall and some interesting comments.
Amazon takes aim at private clouds (IT World)
Working Alone, Together (New York Times)
On coworking, with a huge photo of Indy Hall and some interesting comments.
Amazon takes aim at private clouds (IT World)
Philly Tech People News 5/5/2013
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Cathy Avgiris named CFO of Comcast Cable
(LA Times: Company Town)
NBC's Ted Harbert Adds Late-Night Oversight (Hollywood Reporter)
Peter Levinsohn Joins Universal Pictures as President and Chief Distribution Officer (Hollywood Reporter)
Flash seller Rue La La has a new CEO
GSI vet Steve Davis replaces Ben Fischman (Internet Retailer)
Boston-based Rue La La is part of Michael Rubin's Kynetic LLC holding company, which is based in Conshohocken.
Edison Ventures Promotes Ryan Ziegler to Partner (PR Web)
ThingWorx Accelerates International Expansion with Appointment in EMEA (ThingWorx Press Release)
MedMatica Consulting Associates Appoints Jerry Howell as Chief Executive Officer (Business Wire)
Philly's Connexus Technology focuses in on emerging areas of Healthcare IT
Tom Paine
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Philadelphia-based Connexus Technology, which just reached the tenth anniversary of its founding, is evolving from a general purpose custom IT consultant towards becoming a more product-oriented vendor focusing on some interesting areas of Healthcare IT. It was founded in 2003 by Lawrence James (President & CEO) and Chris Holland (COO), both of whom have BS degrees from Drexel (James in Information Technology and Holland in Computer Science), and started their business out of Drexel’s Baiada Center for Entrepreneurship and Technology. James is originally from Brookyln and Holland from North Philadelphia.
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| Lawrence James |
But going through that experience demonstrated to James how inadequate information flows could be detrimental to the healthcare process. The inability to access information from
other sources in a timely manner can lead to serious gaps in diagnosing problems and developing treatment plans. So James and Holland determined to focus more of their firm's
efforts on helping healthcare-related companies develop better and more timely IT solutions.
One example of what Connexus can do was its collaboration with an industry leading Specialty Pharma company to develop a sophisticated software solution to manage complex therapy of hepatitis C patients. The software has enabled the organization to improve patient outcomes.
Another emerging focus for Connexus has been working on solutions with Healthcare Information Exchanges (HIEs). James cites Central Pennsylvania's Geisinger Health Systems as one organization Connexus has worked with that gets HIEs right. Within the HIE environment, Connexus has a particular interest in building products for analyzing population heath data. The aggregate data collected through an HIE can make it possible to analyze and spot meaningful trends within groups of people. For instance, a high reccurance rate of certain symptons or conditions among patients in a given health system may lead to identifying a systemic problem that needs to be corrected.
Although Connexus has mostly worked on a project by project basis up until now, they hope to develop products or a platform addressing population health issues and may seek some seed funding in the next year, James said.
Last year, Connexus was recognized as the 2012 Health Care Innovation Consultant of the Year by the Philadelphia Business Journal. Holland received the SmartCEO Executive Management Award for 2012 by SmartCEO Philadelphia Magazine. Connexus currently has about 15 employees. Also, Connexus is one of a small number of African-American founded technology firms in the region and its founders are active in a number of civic causes. James and Holland are also deeply committed Christians and some of their initiatives are an outgrowth of that.
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Daily Links 5/3/2013: NewSpring Capital Raises $250 Million Growth Equity Fund
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Here's Why Cloud Startups Are Not A Threat To Enterprise Software Giants Like Oracle And SAP (Business Insider)
According to Bill McDermott, anyway.
Teradata’s Q1 weak, outlook cut (ZDNet)
Sprout Launches on Cablevision's Optimum TV
Pre-School Channel Launches On Digital Basic, TV Everywhere (Multichannel News)
Comcast NBCU's Sprout is based in Philadelphia.
After break for good life, it's back to software (Philadelphia Inquirer)
NewSpring Capital Raises $250 Million Growth Equity Fund (NewSpring
Capital Website)
ICG Announces First Quarter Financial Results
Increased Revenue 34%, Doubled Sales and Marketing Investment and is on Track to Meet Guidance (Globe Newswire)
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Today in Philly Tech History 5/2/1976: The first Trenton Computer Festival held
Tom Paine
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The first Trenton Computer Festival was held on May 2, 1976 at Trenton State College (now the College of New Jersey) in Ewing NJ, outside of Trenton. It was started by Sol Libes of the Amateur Computer Group of New Jersey and Allen Katz of The College of New Jersey. It later moved to Mercer County Community College as it grew larger, and in 1999 moved to the NJ Convention Center in Edison, NJ, but returned to the College of New Jersey in 2005.
In the days before the Internet and the presence of most computer retail outlets, user groups and other channels of information, TCF played a particularly critical role as a source of learning and knowledge dissemination for the East Coast in the fledgeling microcomputer industry.
TCF has had a notable and varied list of keynote speakers throughout its history, including Bill Gates, Dr. Adam Osborne, Mr. and Mrs. John W. Mauchly (of ENIAC fame), Eric Raymond, Dr. Ken Iverson, and Gordon E. Eubanks.
In the past a weekend-long event, in recent years it has been a one-day event held on a Saturday in March. The next TCF is scheduled for March 15, 2014.
David Gewirtz wrote an ode to the early days of TCF in ZDNet last year.
This a slide show from the first Trenton Computer Festival in 1976, produced by TCF co-founder Sol Libes:
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Daily Links 5/2/2013: SAS takes aim at SAP with in-memory analytics
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SunGard Announces First Quarter 2013 Results (Business Wire)
Verizon's Melone: Future rests on VoLTE, FiOS and IP backbone (FierceTelecom)
T-Mobile shares rise in NYSE debut (Reuters)
SAS takes aim at SAP with in-memory analytics (IT World Canada)
I still get on the phone for a $5k deal' - NetSuite CEO's anti-SAP mission (The Register)
Unplugged: SAP tech tools gave 49ers' scouting edge (USA Today)
Ariba, Dell Boomi to unveil collaboration enhancements for networked economy at Ariba LIVE conference (ZDNet)
Dynamic Digital Ticketing System Implemented at The Franklin Institute (Scala Digital Signage)
Scala is based in West Chester.
After BodyMedia, Comcast Ventures gives Pittsburgh longer look (Pittsburgh Business Times)
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Today in Philly Tech History 5/1/2000: Siemens agrees to acquire Malvern-based Shared Medical Systems for $2.1 billion
Tom Paine
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On May 1, 2000, Siemens announced it had agreed to acquire Malvern-based Shared Medical Systems for $2.1 billion. The price per share of $73 was a 76 percent premium to SMS's closing share price of $41.44 on the previous trading day. SMS had turned down an unsolicated offer of $67 per share from Eclipsys Corp in March.
One of the leading providers of information systems to hospitals, Shared Medical at the time had annual revenues of $1.2 billion. But it was facing difficulties, resulting partially from the ending of the Y2K conversion cycle and the rise of Web-based technologies. Founded in 1969, SMS had 7,600 employees worldwide and 3,850 in Chester County, the Inquirer reported when the acquisition was announced. Later that year Shared Medical would cut 8% of its staff, including 300 in Malvern.
What was Shared Medical is now essentially the Health Services Business Unit of Siemens Healthcare and has over 4500 employees, according to Siemens' website. Although still a major player, like several "legacy vendors" it has had difficulty keeping pace with some newer competitors, especially industry giant Epic and other smaller upstarts.
Malvern is still the headquarters for the Health Services Business Unit, as well as for all of Siemens Medical Solutions USA.
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Google Ventures Leads $17 Million Round in On Deck Capital (All Things D)
First Round Capital, SAP Ventures among other investors.
SAP Loses Bid to Overturn $345 Million Patent Verdict Loss (Bloomberg)
The message to SAP from this case is "Don't mess with the Eastern District of Texas".
Obama Names Former Lobbyist Wheeler U.S. FCC Chairman
(Bloomberg)
Reuters: Veeva Systems, with significant Radnor presence, taking more steps towards IPO
Tom Paine
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Reuters reports that Life Sciences CRM & CMS vendor Veeva Systems is taking more steps towards an IPO that could occur as soon as the third quarter of this year, and has hired Morgan Stanley and Deutsche Bank AG to lead the deal, according to its sources.
Based in Pleasanton, CA and founded in 2007, Veeva Systems has much of its US sales and customer service personnel based out of Radnor. Veeva built its SaaS CRM system on Salesforce's Force.com platform; it developed its content management system (Vault) from scratch.
I first reported on speculation about a possible Veeva IPO in March, speaking with Veeva Chief Strategy Officer Matt Wallach, who is based in Radnor.
Wallach said Veeva had 50 to 60 employees in the Philadelphia area. The company had around $120 million in annual revenue last year and is quite profitable, according to reports. It accomplished this with only $7 million in venture capital - $4 million of it institutional
(from Emergence Capital) and $3 million in angel funding.
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Comcast net rises 17% (Wrap)
Comcast Net Income Rises 17%
(New York Times)
Comcast Press Release
Comcast: We’ll Stick With Triple Play
Despite Increased Video Declines, MSO Says Bundle Drives Growth, Satisfaction (Multichannel News)
Comcast profit jumps 17%; NBC network loses $35 million (LA Times: Company Town)
"We really need to get one or two more good shows" -NBCU's Steve Burke
X1 PLATFORM EXPANDS: NOW AVAILABLE IN 10 MARKETS (Comcast Voices /Official Comcast Blog)
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