Cloud BI – getting real for the enterprise (Diginomica)
Oracle’s Next Cloud Moves (New York Times: Bits)
New Jersey towns boast some of the fastest internet speeds: See how fast your town is (Newark Star-Ledger)
Cloud BI – getting real for the enterprise (Diginomica)
Oracle’s Next Cloud Moves (New York Times: Bits)
New Jersey towns boast some of the fastest internet speeds: See how fast your town is (Newark Star-Ledger)
Links 9/20/2013: BlackBerry to cut 4500 jobs; Sprint will cut 75% of Clearwire workforce
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iPhone 5s gold rush begins, as crowds line up for new phone (Macworld)
Includes photos and coverage from Philly.
Nirvanix Shutdown: Small File Users May Fare Worst (Information Week)
San Diego-based cloud storage provider has apparently told its customers they have two weeks to get their data out.
Sprint cuts staff at Clearwire: 75% of workforce to lose jobs (GeekWire)
BlackBerry Plans to Cut 4,500 Jobs (New York Times)
The future of 'demo days' in an era of general solicitation (Fortune Term Sheet)
Startups should take note of the implications of this.
Sources: Flyers finalists for 2015 Winter Classic (Comcast SportsNet Philadelphia)
Game would be played in Washington.
Verizon adds out-of-home viewing to FiOS Mobile apps (FierceCable)
DreamIt Health accelerator expands to Baltimore with Johns Hopkins partnership (Med City News)
CHOP teams up with venture capital fund (Philadelphia Business Journal)
The Predictive Analytics Hole that SAP Wants KXEN to Fill (ASUG News)
Links 9/19/2013: All Things D splitting with Dow Jones; Still talking to NBCU
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AllThingsD parting ways with Dow Jones (Fortune Term Sheet)
AllThingsD still talking with NBCU, Fortune reports.
Hands On With the NeatConnect Scanner (PC Magazine)
Yorn Signs Agreement with Penn Medicine for Real-Time Mobile Feedback to Better Understand and Improve the Patient Experience (Business Wire)
Private equity firm LLR opens D.C. office (Washington Business Journal)
Oracle Forecast Trails Estimates as Cloud Rivals Hover (Bloomberg)
Understanding the Oracle, Salesforce.com and Workday equation (Dennis Howlett/Diginomica)
Dell wants to help companies manage the gathering storm of multiple clouds (Gigaom)
Interesting video of interview with Dell cloud chief.
'Burlington Coat Fact' is the Parody Twitter Account You've Been Waiting For (Mashable)
Manufacturing in Philadelphia Region Expands by Most Since 2011 (Bloomberg)
10 questions for Comcast Ventures' Amy Banse (Fortune Tech)
Links 9/18/2013: Saleforce, Workday tighten relationship
With Help, Teradata Speeds Up (New York Times: Bits)
Salesforce.com and Workday Team Up In the Cloud (All Things D)
Salesforce.com Announces Second 'Best' Friend: Workday (Information Week)
CRM: WDAY Integration A Benefit, Says Nomura: Will SAP Have to Play? (Barron's: Tech Trader Daily)
Oracle’s Q1 Results Are Better Than Street Expected (All Things D)
Larry Ellison Is About To Reveal Oracle's Latest Weapon Against SAP (Business Insider)
Siemens Appoints SAP Co-Chief Snabe to Supervisory Board
(Bloomberg)
Recommind raises $15M from SAP for eDiscovery (Silicon Valley Business Journal)
Dell has just 12 months to matter in the cloud (David Linthicum/Infoworld)
Epic Systems spawns huge growth in lucrative consulting jobs (Milwaukee Journal Sentinel)
Monetate Launches LiveAudience, Broadens Customer Segmentation Capabilities with the Integration of Over 20,000 Customer Segments (PR Newswire)
Meet Pennsylvania's newest billionaire (Allentown Morning Call)
Forbes says its Kynetic LLC's Michael Rubin.
Verizon’s TV Talk Chills Cable Relations (Zatz Not Funny!)
Rick Nucci's new gig: Venture partner at FirstMark Capital
Tom Paine
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 |
| Rick Nucci |
Rick Nucci has joined New York-based FirstMark Capital as a venture partner, the firm announced on its blog today.
Nucci was the co-founder and CTO of Berwyn-based Boomi, and became GM after Boomi was acquired by Dell and Bob Moul departed. Nucci left Dell Boomi in May. FirstMark was the key investor in Boomi.
FirstMark later invested in Moul's latest startup, Philadelphia-based Artisan Mobile. It is also an investor in King of Pussia-based clinical trial payment startup Greenphire.
FirstMark managing director Amish Jani, speaking to TechCrunch, described Nucci as "a cloud product and technology visionary. He’ll be spending a lot of time thinking about new opportunities, and in the meanwhile, he’s a fantastic resource for our SaaS companies to tap into."
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Links 9/17/2013: Comcast Raises Top-End Residential Broadband Tier to 505 Mbps for some
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Ex-Soviet programmers take on India in $48 billion market (Bloomberg via Livemint)
Focuses on Newtown-based Epam Systems and its founder, Arkadiy Dobkin.
Basking In Success Has Its Limits At Epam Systems (Investor's Business Daily)
AT&T And SAP Simplify Mobile Application Development For Businesses (PR Newswire)
Oracle to put on its innovation game face at OpenWorld (PC World)
Violin Plans IPO With Losses Mounting as HP Business Dips
(Bloomberg)
Violin Memory began life in Iselin, NJ. SAP Ventures has been a major investor.
Salesforce.com funds Apttus, its profitable platform partner (VentureBeat)
Comcast Raises Top-End Residential Broadband Tier to 505 Mbps (Multichannel News)
Still trying to clarify how widespread this is; doubt Comcast is building fiber to the premise to individual residences.
IBM hopes to Power cloud, analytics with $1 billion Linux investment (PC World)
As Amazon Preps its Apple TV Killer, it Plays Nicely with Apple TV
(All Things D)
Marcus: CBS blackout 'definitely' had impact on Time Warner Cable subscriber count (FierceCable)
Local genetics firm up for IBM Entrepreneur of the Year award
(Philadelphia Business Journal)
Looking at Veeva Systems' S-1
Tom Paine
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Here is a followup to my post from a few days ago on Veeva Systems' IPO filing, taking a more detailed look at the company's
S-1 filing:
Revenue for the fiscal year ended January 31, 2013 was $129.5 million, more than double the prior year. Revenue for the 6 months ending July 31, 2013 was $92.4 million, up from $54 million for the same period in 2012, for growth of 71%.
Net Income was $18.8 million for the fiscal year ended 1/31/2013 and $10.8 million for the six months ended 7/31/2013. Veeva had $53 million in cash as of 7/31.
Veeva had 593 employees as of July 31, of which 190 were located outside of North America. The company says international revenue constituted one-third of total revenue in its last fiscal year.
Hard to tell how many employees are located in the Philadelphia area. President Matt Wallach told me back in March that at least 50 were located around here, and that number may have grown by now. I'm not sure how many employees the acquisition of Fort Washington- based AdvantageMS in June added; its Linkedin Page says it has 51-200 employees, and some of those are based elsewhere. The purchase price for AdvantageMS was $12.3 million, according to the S-1.
Veeva's second major product line, Veeva Vault, was launched last year, but Veeva CRM has generated more than 95% of the revenue in its history, the company says.
Veeva clearly states its intent to go beyond the sales and marketing functions and reach an "expanded set of customers" within the R&D departments of life sciences organizations using Veeva Vault.
Veeva CRM runs on the Force.com platform out of a Salesforce data center. The company does not reveal the third-party host of its Vault product, which Veeva built on its own platform. Veeva's agreement with Salesforce expires in September 2015 and does not renew automatically; furthermore, Veeva's license agreement with Salesforce allows it to sell products based on that platform only to pharma and biotech drugmakers - not to medical device makers or non-drug departments of pharma or biotech companies.
Emergence Capital Partners (Gordon Ritter), which holds a stake of more than 30% resulting from its $4 million investment in Veeva, stands to make a remarkable return on its investment if the offering goes as hoped.
Co-founder Matt Wallach, who had been Chief Strategy Officer, became President in August. Wallach, who has been based in Philly area, is a native of Wallingford and also served as Chief Marketing Officer of King of Prussia-based Health Market Science. Co-founder Peter Gassner is CEO.
Links 9/16: Wolters Kluwer adding more than 100 jobs in Center City
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LinkedIn’s Market Cap Passes Salesforce, Long The Bellwether Symbol Of Cloud Services (TechCrunch)
Straddling the chasm at Workday Rising (Diginomica)
Is Tableau the New Leader in BI? (BI Scorecard Blog)
Big questions ahead of Violin Memory's IPO (Fortune Term Sheet)
Wolters Kluwer Health adds more than 100 jobs in Center City (Philadelphia Business Journal)
Wharton School to Create Call-In Business Channel for Sirius XM (Bloomberg)
Big Comcast fundraiser for Kathleen Kane Sept. 30 (Philadelphia
Inquirer)
Retailers Are Increasingly Using Real People's Social Pics (Ad Week)
Testing new platform from Curalate.
Mutual fund firm moves bosses to Main Line from New England (Philadelphia Inquirer)
Box Becomes Document Creation Platform (Information Week)
Philly Tech People News 9/15/2013
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SAP Channel Chief Eric Duffaut Exits Company
(The VAR Guy)
RDK Management Names Comcast’s Steve Heeb President & GM
(Multichannel News)
Behind NBCU’s Dramatic Week: Steve Burke’s Drive For Cash
(Variety)
Comcast Ups 3 Execs, Hires DirecTV Senior VP (Variety)
NBCUniversal Taps Cesar Conde As EVP (Multichannel News)
Matt Wallach was elevated to President of Veeva Systems, a California-based cloud software
company with offices in the Philly area, according to Veeva's recently filed Form S-1. Wallach, a co-founder who has been based in Radnor, has been Chief Strategy Officer.
TiVo Appoints Daniel M. Moloney to Its Board of Directors (Marketwire)
The Judge Group Promotes Jared Rakes to Executive Vice President (Business Wire)
Links 9/13/2013: Will Comcast build another tower?; Josh Kopelman on his Twitter decision
Buzz builds on another Comcast tower (Philadelphia Inquirer)
Moffett predicts Charter could roll up smaller operators to 'retool' for run at Time Warner Cable (FierceCable)
Twitter IPO: VC Josh Kopelman Missed Out — Why He’s OK With It (Wall Street Journal: Venture Capital Dispatch)
Why Philly Tech Rocks (PeopleLinx Blog)
Uh oh. Amazon U.S. East is in trouble again (Gigaom)
Amazon Web Services Hit By Slowdown (Information Week)
Amazon Web Services opens new Herndon office (Washington
Business Journal)
Sounds like a major expansion of IT/Engineering staff near Virginia data center.
Workday's CEO Owns a Fake Town and a Piece of Every Customer (Business Week)
Tangoe Delivers Edison 10X Return
Edison Ventures proudly announces that it has exited Tangoe, Inc. of Orange, CT. (PR Web)
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