Former SevOne CEO Phelan joins Osage Venture Partners; Drahms promoted to Partner
Tom Paine
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Osage Venture Partners, Bala Cynwyd, announced today that Michael Phelan has joined the firm as a Venture Partner. Until last year, he had served as CEO of Wilmington-based SevOne, in which Osage is an investor, seeing it reach a $150 million recapitalization led by Bain Capital Ventures in late 2012.
In a statement, Osage said that Phelan is joining the firm "with a focus on providing hands-on support to portfolio companies and on strengthening Osage's relationships with the regional entrepreneurial community."
Osage also announced the promotion of David Drahms from Principal to Partner. Drahms joined Osage in 2005.
Links 3/5/2014: SAP adds subscription pricing for HANA cloud services; Bucks firm planning huge NJ data center
Verizon Wireless Plans to Triple AWS Deployment This Year to Ease Congestion (Re/code)
Netflix and Comcast Are Only Trying to Help You (Bloomberg Business Week)
Dishing Out Some OTT (Multichannel News)
Comcast Marches Toward 1 Million Wi-Fi Hotspots (Multichannel News)
SAP adds subscription pricing for Hana cloud services (PC World)
NetSuite CEO Nelson: Spare me the Workday collision talk (ZDNet)
Tableau and Splunk partner up (ZDNet)
Bucks firm starts $650M data center at ex-Pfizer site (Philly.com)
Two years ago the same firm, Steel ORCA, announced a similarly sized facility in Fairless Hills, Bucks County, but that facility has not been built.
Why India’s answer to Alibaba & eBay is the tech IPO to watch (VentureBeat)
Started by Wharton grad who couldn't obtain US visa.
Fed: Phila. region's economy slipped in January, February (Philly.com)
Veeva Systems posts results, extends Salesforce partnership
Tom Paine
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Veeva Systems, the life sciences cloud software company with its Eastern US offices in Radnor, announced today it had extended its global partnership with Salesforce for another ten years through 2025.
Veeva will continue to use the Salesforce1 platform for its CRM product, and Veeva will continue as Salesforce’s preferred worldwide partner for the pharmaceutical and biotech industry. The agreement includes minimum payment commitments from Veeva over the term of the extension. Otherwise, the commercial terms of the agreement remain largely unchanged, the company says.
Meanwhile, for the fiscal year ended January 31, 2014 Veeva reported today total revenue of $210.2 million, up 62% from the prior year, while net income was $23.6 million, a 26% increase.
Quarterly results were slightly ahead of Wall Street expectations, and Veeva's guidance for the next fiscal year was mostly in line with expectations.
Links 3/4/2014: Dish, Verizon up OTT talk
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Netflix CFO: Comcast Bandwidth Deal Doesn’t Change Our Economics (Variety)
McAdam: Verizon talking to networks about 'wireless over-the-top play' (FierceCable)
Comcast extends 'Internet Essentials' program indefinitely (CNET News)
Disney, Dish Network reach truce on ad-skipping AutoHop (LA Times)
Dish Takes Lead in Race to Offer Streaming TV to Rival Cable (Bloomberg)
Field Service Software Developer ServiceMax Raises $71M From Kleiner Perkins, Meritech Capital (TechCrunch)
Marketo Sets Its Sights On B2C (Ad Age)
Silk Road Had Digital Outpost in Pennsylvania (New York Times: DealBook)
At Lafayette College.
Links 3/3/2014: Newtown-based EPAM Systems down 24% over Ukraine concerns
Brian Roberts' Jewish Roots and Outsized Ambition Drive Comcast's Rise in Media (Jewish Daily Forward)
David L. Cohen quite influential without being a "lobbyist" (Philadelphia Inquirer)
Multiple companies want to launch online TV services, says Comcast (Gigaom)
Comcast and AOL Deals Highlight Collision Course Between Web Video and TV (Mashable)
Cablevision: Broadcaster Anti-Aereo Argument is Myopic (Multichannel News)
Justice Department sides with broadcasters in fight against Aereo (LA Times)
(Newtown-based) Software contractor EPAM hit by Ukraine-Russia standoff (Reuters)
EPAM finishes the day about 24% down.
Workday vs. NetSuite: Is a collision inevitable? (ZDNet)
Fifteen minutes with NetSuite’s Zach Nelson (Diginomica)
The mysterious disappearance of Cloud for Financials: Solved (SAP Community Network)
In-Memory Databases: Do You Need The Speed? (Information Week)
Early adoption of Bitcoin puts Philly ahead of the economic curve (Philly.com)
Is that a good thing?
Parody: Why Comcast/Time Warner Cable merger would be a good thing (Funny or Die)
From the website Funny or Die , comes this parody of a Comcast spokesperson telling you about the benefits that viewers would see from the proposed Comcast/Time Warner Cable merger.
DirecTV posted a link to the piece on twitter yesterday (without comment).
Philly Tech People News 3/2/2014
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Melissa Easy, Founder of DrugDev Selected as a Finalist for IIR Partnerships Woman of the Year (Business Wire)
Former CIA CTO Gus Hunt Joins Venture Capital Firm Artis Ventures' Board of Advisors (Globe Newswire)
Hunt remains an Operating Partner with LLR Partners.
Unirisx Expands to Serve Insurance Organizations in Asia-Pacific Region (Marketwire)
John Wookey Joins the Kenandy Board of Directors (Marketwire)
Enterprise Sales Veteran Doug Grigg Joins Plex as Chief Sales Officer (PR Newswire)
PBJ's new tech reporter: I'm back and ready to hit the ground running (Philadelphia Business Journal)
Comcast To Acquire Video Ad Platform FreeWheel (Re/code)
Price may be in excess of $300 million.
Sports programmers, teams could benefit from cable merger (Sports Business Daily)
Liberty Media says not finished looking at Time Warner Cable, other possibilities
Tom Paine
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Despite Comcast's agreement to acquire Time Warner Cable, Liberty Media President & CEO
Greg Maffei says Liberty, which owns 27% of Charter Communications, is still looking at
opportunities to increase its subscriber base, trade pub Variety reported.
“We will certainly not take anything off the table in terms of what we think are in the best interests of Liberty Media shareholders,” Maffei said, speaking at Liberty's 4th quarter 2013 earnings conference call today.
Charter had bid $37 billion for TWC before Comcast swooped in with a $45 billion bid earlier this month.
Maffei indicated that Liberty could be interested in systems that Comcast might divest,
or would be prepared to act if the Comcast/TWC deal breaks up for any reason, though he
doesn't expect it to. Comcast had said it would probably divest three million subscribers
if it completed the deal. Maffei did suggest that the conditions for approving the merger
could be so burdensome to Comcast that it might consider other options.
Maffei indicated that Liberty had received plenty of interest from potential co-investors interested in participating in Liberty's consolidation strategy. Charter CEO Tom Rutledge said last week that "we are still interested in wisely acquiring subscribers."
Links 2/28/2014: Square postpones IPO; may seek buyer
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Liberty Interactive Corporation Reports Fourth Quarter and Year End 2013 Financial Results (Business Wire)
QVC.com represents 45% of US orders; mobile accounts for 32% of US QVC.com orders.
Comcast Said to Weigh Subscriber Spin With Time Warner Deal (Bloomberg)
EPAM Reports Results for Fourth Quarter and Full Year 2013 (EPAM Press Release)
AT&T is testing its next-gen phone network on rural areas and retirees (Washington Post)
Square IPO Postponed Indefinitely (Fox Business)
Reports: May seek buyer instead.
Online Retailers Are Devoting Hundreds Of Millions To A Google Product That Hurts Amazon (Business Insider)
Franken Takes Aim at Comcast-NBCU and Comcast-TWC (Multichannel News)
Franken has never forgiven NBC for canceling his sitcom.
Xfinity On Demand Coming To All Modern Comcast TiVos (ZatzNotFunny)
More than shiny: Apple is an enterprise firm (Computerworld Blogs)
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