Philly Tech People News 3/23/2014








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Wharton’s New Dean Garrett Promises to Bring Global Perspective (Bloomberg)

SAP's Cresanti Moves to IFA (O'Dwyer's)

COMCAST CORPORATION PROMOTES KAREN DOUGHERTY BUCHHOLZ AND REBECCA ARBOGAST TO SENIOR VICE PRESIDENT (Comcast Press Release)


Tim Maudlin Joins Monetate Board of Directors (PR Newswire)

Digital Marketing Leader Monetate Appoints Veteran CMO Tim Kopp To Board of Directors (PR Newswire)

The Philadelphia Experiment (Civic Innovations)
Mark Headd on departing from city government.

Lansale IT firm adds Del. office, seeks DC clients
(Philly.com: Philly Deals)








Saturday Highlights 3/22/2014: More on Valley 'wage-fixing': Don’t write Oracle’s obituary yet



Revealed: Apple and Google’s wage-fixing cartel involved dozens more companies, over one million employees (PandoDaily)
Comcast's name pops up.

Don’t write Oracle’s obituary quite yet (Globe & Mail)

Netflix Has Buyer’s Remorse Over Its Paid Peering Deal with Comcast (TeleFrieden)

Why Verizon is the Most Exciting Company in Entertainment Today (Videonuze)


Links 3/21/2014: SAP's McDermott buys home in Germany





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SAP Philly Guy McDermott Germany-Bound as Growth Stalls
(Bloomberg Business Week)

SAP plans to power all datacenters by renewable electricity
(ZDNet)

SAP Recommends a Dividend of euro 1.00 per Share -- Year-Over-Year Increase of 18% (PR Newswire)


Nutter announces wave of startup grants for Philadelphia companies and institutions (Philadelphia Inquirer)

PCWorld Founder and IDG Chairman Patrick J. McGovern dies at 76
(PC World)
Spent most of childhood in Philly.

AT&T Exec Calls Netflix’s Reed Hastings “Arrogant” For Net Neutrality Post (TechCrunch)


Comcast Received More than 25,000 Data Requests in 2013 (Mashable)


Breaking News: Coupa Closes on $40 Million in Additional Funds (Spend Matters)
Key competitor to SAP's Ariba in procurement technology.

Work on a free software project for a humanitarian cause (opensource.com)
A workshop to help prepare instructors to teach courses in which students participate in HFOSS projects will be held at Drexel from May 28 to May 30.

IEEE History Center Moves to Stevens Institute of Technology (PR Web)
Moving from Rutgers.






Links 3/20/2014: Comcast's SEC filing on proposed deal; Coupa raises $40 million to up competition vs SAP Ariba





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Comcast's TWC Acquisition: Shareholders Asked to Vote on 'Golden Parachutes' for Execs (Hollywood Reporter)

SEC Filings Map Out Inner Workings Of Comcast/TWC Deal
(Multichannel News)
Comcast Form S-4
Registration Statement


Netflix Says It Really Didn’t Want to Cut that Traffic Deal with Comcast (Re/code)


CitiusTech, a Leader in Healthcare Technology, Announces Investment Partnership with General Atlantic (Business Wire)

Coupa Raises $40M For Cloud Procurement Software, Takes On SAP Ariba (Wall Street Journal: Venture Capital Dispatch)


Huntsman Selects Accenture to Deliver a Strategic Information Management System Built on SAP HANA® to Reduce Costs and Improve Enterprise Performance (Business Wire)

Can the Bloomberg terminal be toppled? (Fortune)

Ben Franklin is the 2nd Most Active Investor in Greater Philadelphia (BFTP News)

State Health Insurance Exchanges Still Sick (Information Week)





SevOne to expand to larger Philly office


Tom Paine



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SevOne, the rapidly growing Wilmington-based supplier of software and appliances for large-scale, real time data network monitoring and management, announced today it is opening a larger Philadelphia satellite office at 1400 Chestnut Street. It replaces a smaller office SevOne opened just last year on Strawberry Street.

Open Layout of SevOne's new Philly office / SevOne


The new office can accomodate up to 55 employees, as opposed to 15 in the Strawberry Street location. SevOne's revenue growth, which has averaged 65% over the past three years, caused its overall headcount to double to 270 in just the past year, SevOne CEO Jack Sweeney said in a statement. In 2013, SevOne raised a $150 million round from Bain Capital.

Mayor Nutter will help SevOne celebrate the new opening with a ribbon-cutting ceremony this evening.

SevOne's expansion is a significant step toward adding to a highly skilled engineering workforce within the city. SevOne is anticipated by many to be an IPO candidate within the next few years.

“I’m excited and pleased to welcome SevOne to its new expanded offices on Chestnut Street in Center City,” said Mayor Nutter in a statement. “The continued growth of SevOne is yet another indicator of Philadelphia’s emergence as a hub for startups, technology and innovation.”




Cross Atlantic Capital Partners-backed Amber Road primed for IPO (Update)

Esther Surden
Publisher & Editor, NJTechWeekly.com


Radnor-based Cross Atlantic Capital Partners-backed Amber Road (East Rutherford, NJ), which licenses software as a service (SaaS) software to automate international import and export processes, has filed for an initial public offering (IPO). The company is expected to begin trading March 21, 2014. Cross Atlantic owns about 35%.

Amber Road, which hopes to raise $75 million, will list on the New York Stock Exchange under the symbol AMBR.

The company announced its terms earlier in March. It will sell 6.5 million shares at a price range of $10.50 to $12.50 per share. According to an article on NASDAQ.com, at the midrange of this stock price Amber Road would command a fully diluted market value of $313 million.

James Preuninger of Amber Road / Courtesy Amber Road 

Amber Road was founded in 2002. According to an article on the website Seeking Alpha, Amber Road made two important acquisitions in 2005 to complete its global trade management portfolio: BridgePoint and NextLinx Corporation.

“NextLinx added 11 years of global trade compliance technology and content, which is Amber’s key selling point to customers. The company [which began as Management Dynamics] was rechristened Amber Road in 2011,” the article says.

The Seeking Alpha article notes that as of the end of 2013, Amber Road had 463 customers: 172 enterprise companies contributing at least $100,000 each in annual revenue and 291 midmarket firms contributing less than $100,000 each in annual revenue. The company employs some 500 people.

An article by Lawrence J. Aragon on Reuters PE Hub reports that Amber Road’s primary venture backers include Cross Atlantic Capital Partners, which holds 6,685,160 shares (34.8 percent of the total); Updata Partners (Washington, D.C.), 3,561,856 shares (18.6 percent); Goldman Sachs (New York), 2,987,756 shares (15.6 percent); NJTC  Venture Fund (Mount Laurel), 1,355,051 shares (7.1 percent); and Orix Ventures (Dallas), 245,946 shares (1.3 percent).

“As a group, the five investors own 14.83 million shares (or 77 percent of the total) prior to the offering. Assuming they don’t exercise options to buy additional shares, the investors collectively plan to sell about 1.2 million shares in the IPO,” the Reuters article states.

In January 2014, the NJTC’s TechNews interviewed Jim Preuninger, founder and CEO of Amber Road. Preuninger discussed some of the early challenges his company had faced, including selling a cloud product when no one else was doing so and convincing large companies like GE and Wal-Mart to buy it.

Another challenge he noted was that “one platform, a cookie-cutter approach, doesn’t work.” However, customization for each customer was unsupportable. The answer: “We had to develop a technology that was highly adaptable and had a high degree of configuration so it could be a tight-glove fit for Wal-Mart as well as a small company in a different industry,” said Preuninger.


Esther Surden is Publisher and Editor of NJTechWeekly, and a contributor to Philly Tech News. This article originally appeared in NJTechWeekly, and is republished here with her permission.

Update: Amber Road priced at $13, above the range, and now commands a $356 million market cap, Renaissance Capital reports.











Links 3/19/2014: Comcast seeks Uber-like customer service





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Next TV: Comcast Testing TV Everywhere Authentication On Apple TV, Roku Devices (Multichannel News)

Comcast seeks Uber-like customer service (USA Today)


Comcast's Uber-Inspired App May Ease Your Hatred of Cable Companies (Mashable)

States to probe Comcast plan to buy Time Warner Cable (Reuters)

Comcast VP and Chairman of Penn Board of Trustees talks "digital divide
(Daily Pennsylvanian)

FCC Docs Detail New Verizon Home Automation Platform (Zatz Not Funny!)



Rowan University, Lockheed Martin reach deal on research (The Courier-Post)

Oracle quarterly results disappoint Wall Street; shares fall
(Reuters)

Oracle's summer dream: Cloud, Fusion, 12c nirvana (ZDNet)

HP launches ConvergedSystem for SAP HANA (ZDNet)


Microsoft Study Touts Hybrid Cloud (Information Week)


Turntable.fm shuts down for good as founder launches new social app (The Verge)
Once a hot FRC startup.





Phorum 2014, to be held April 10 during Philly Tech Week, has powerful list of headliners



Tom Paine



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Philadelphia's Phorum 2014, hosted by PACT (The Greater Philadelphia Alliance for Capital and Technologies), and sponsored by investment bank Fairmount Partners and technology integrator LiquidHub, will take place on Thursday, April 10 at World Cafe Live, for the first time as part of Philly Tech Week.

The conference, which is probably Philadelphia's premier tech event targeted towards top level enterprise management, has varied and in some ways broadened its theme in each of its three years. This year's theme, "Increasing Customer Engagement in a Digital World", encompasses not only social, customer relationship management (CRM) and mobile, but all means used by enterprises to connect and interact with customers in the digital world.


While customer engagement continues to be a top priority for CMOs with over 70 percent of
respondents listing it as their top business challenge that they need to address, a recent survey conducted by PACT Phorum in late 2013 revealed that the issue is increasingly gaining traction with CTOs and CEOs. According to the survey, 38 percent of CTOs and 33 percent of CEOs also concur that customer engagement represents the top technology challenge they need to focus on in 2014.

The list of keynote speakers is impressive. Salesforce.com VP and Head of Platform Research Peter Coffee, a leading Salesforce evangelist, apparently has a long-term contract with Phorum since this is his third consecutive appearance.

David Pogue, technology columnist formerly with the New York Times and now
with Yahoo and NOVA ScienceNow; Aneesh Chopra, who served as the first U.S. Chief Technology Officer and just yesterday was named an advisor to Box to help develop its healthcare IT strategy; Dan Hilferty, President and CEO, Independence Blue Cross who has been a leader in expanding the healthcare IT landscape in the region; and Maggie Fox, Senior Vice President of Digital Marketing at SAP and a leader in social media, are the other key speakers.





Functionally, an emphasis of the conference will be not to simply focus on the rising influence of the Chief Marketing Officer (CMO) as a key decision-maker in many tech buying decisions, "but on the importance of the CMO [and other functional chiefs] working with the CIO", said Suzanne Lentz, Vice President of Marketing, LiquidHub, Inc. and a member of the Phorum 2014 Advisory Board in a phone interview. Though the rapid adoption of a stand-alone functional app can be attractive, any large-scale projects requiring integration of corporate systems and data will need more coordination.

A recent Forrester survey tends to confirm this need. More than half of CMOs see their relationship with the CIO as essential,up from 30% in 2011.

An interesting feature will be a "Fireside Chat" between Salesforce's Coffee and SAP's Fox discussing the challenges and opportunities their clients have faced in moving beyond simple outreach to creating real engagement with customers.

Other discussion panels will cover subjects such as "Mobility as an enabler" and "Turning
Big Data into action."

One of the most popular features of Phorum has been the Demo Pit, which features early stage digital technology ventures generally based in the Philadelphia area. Past
selections for "Best in Show"included PeopleLinx and one acquired by Artisan Mobile.
Nominations are still open for this year's Demo Pit, and participants will be named in early April.

The day kicks off at 7am with a continental breakfast.

The conference will close with Cocktails (free beer) & a Network Reception with live music. Price points are $199 for PACT Members and $249 for non-members.

Update 3/24: Panelist Lineup were announced today for Phorum 2014:

“Mobility as an Engagement Enabler” (moderated by Joseph DiStefano of the Inquirer:)

David Cuthbert, President and Chief Executive Officer, Alteva

Michael Kinzly, Director Business Solutions, Wawa, Inc.

Joe Portale, Chief Technologist, Mobility Solutions, Lockheed Martin

Roy Rosin, Chief Innovation Officer, Penn Medicine

Scott Snyder, Ph.D., President and Chief Strategy Officer, Mobiquity


“Big Data – Turning Data into Action” (Moderated by Mary Fran Johnson, Editor-in-Chief of CIO Magazine:)

J. Patrick Bewley, CEO, BigCloud Analytics

Todd Cullen, Chief Data Officer, Ogilvy and Mather Worldwide, Ogilvy and Mather

Ira A. Hunt, CEO, Hunt Technologies

David Schuff, Associate Professor of Management Information Systems, Fox School of Business, Temple University


Update 4/1: Yesterday Phorum named its nine demo pit participants. They include
some rather well known startups such as RJMetrics, Clutch and Yorn, and others like BuyerMLS, Canvas and tapCliq. One slot in the demo pit will be reserved for the winner of Penn mobile app contest AppItUP.

During the closing session, three Demo Pit companies will be selected to join Peter Coffee on stage. One will be named “Best in Show” and will receive the 3rd annual Phorum Phorward Award. Phorum 2014 Demo Pit judges include: Bob Moul, CEO of Artisan Mobile; Scott Kinka, Chief Technology Officer of EvolveIP; and Nate Lentz, Managing Partner of Osage Venture Partners.







Links 3/18/2014: Cloudera raise said to be $200 million; Oracle misses







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Cloudera Said to Raise at Least $200 Million in Funding
(Bloomberg)

MuleSoft Quietly Becomes Cloud Powerhouse
(Information Week)

Oracle Q3 Results Fall Short Again (Re/code)

Oracle Sales, Profit Miss Estimates on Cloud Competition
(Bloomberg)


Microsoft Releases In-Memory Ready SQL Server 2014 (Information Week)

Comcast's Arbogast: TWC Deal Reflects Reality That Regional Model Is Untenable (Broadcasting & Cable)

Comcast won’t purchase struggling CSN Houston (Houston Chronicle)


Level 3 blames Internet slowdowns on ISPs’ refusal to upgrade networks (Ars Technica)

Veeva Systems Files Registration Statement for Proposed Follow-on Offering (Business Wire)

The MAC Card is back (Philly.com: Philly Deals)


Clinical Ink Announces eSource Demand Grew More Than 300% in 2013 (Marketwire)





Philly Tech People News 3/16/2014







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Salesforce.com Announces Appointment of General Colin Powell to its Board of Directors (PR Newswire)

Ex-Motorola Exec John Burke Joins Rovi (Multichannel News)
Burke, Rovi’s New EVP and COO, will be based in Radnor.

SAP Ventures Appoints Rami Branitzky Managing Director of Market Development (SAP Newsroom)

LeadiD Strengthens Management Team with New Chief Marketing Officer (PR Web)
Blair Lyon was previously VP of Marketing for Monetate.


FreedomPay Names Marc Pereira Vice President of Technology (Business Wire)

Leap Systems, LLC, Announces Organizational Changes (PR Web)