Nebraska firm acquires Plymouth Meeting-based Health Advocate for about $265 million
Tom Paine
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Nebraska-based West Corporation announced Friday it had acquired Health Advocate of Plymouth Meeting, a company that uses people and information technology to help client's employees navigate their way through the healthcare process.
West says the purchase price for Health Advocate, which had 2013 revenue of about $86 million, was approximately $265 million. West said Health Advocate has more than 10,000 client relationships, including many of the nation's largest employers.
Health Advocate's president and CEO is cofounder Michael J. Cardillo. The company has more
than 600 employees, according to the Philadelphia Business Journal. It was founded in 2001 by a small group of former U.S. Healthcare executives.
Accolade, another company based in Plymouth Meeting which was founded in 2007, offers
similar services and is roughly the same size as Health Advocate.
Philly Tech People News 5/18/2014
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NBCUniversal names new Telemundo president (LA Times)
Michael Willner To Head Comcast-Charter Venture (Multichannel News)
Musical chairs at Cisco, Cablevision, Comcast (FierceCable)
Comcast Taps Cisco Tech Vet (Multichannel News)
Hulu hires Netflix's Jenny Wall as marketing chief (FierceCable)
Infor nabs SAP, Oracle alums to lead sales push (ZDNet)
Bill Green jumps to Dilworth Paxson (Philly.com)
Blackstone Charitable Foundation Names Alisha Chaudry Slye National Director of its Campus Entrepreneurship Program “Blackstone LaunchPad” (Business Wire)
Nationally Ranked PR Agency Gregory FCA Names Joe Anthony New Partner (Business Wire)
Comcast's Cohen: What I clearly said on Wednesday was taken out of context (or is now inoperative)
Tom Paine
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On Wednesday, Comcast EVP David Cohen told a MoffettNathanson Communications Summit in New York that he expected "usage-based billing" - data caps with overage fees - to reach all Comcast customers (which by that time might be virtually all cable customers) within five years. Comcast is currently testing varying limits in several trials around the nation; In 2012 it suspended its 250 GB data cap.
Specifically, Cohen said, "I would predict that in five years Comcast at least would have a usage-based billing model rolled out across its footprint." See transcript (pdf).
The next day Cohen posted this on the Comcast corporate blog, "CLARIFYING DATA CAPS & PRIORITIZATION", saying that "some of my comments have been picked up out of context and misinterpreted in a number of places." While discussing Comcast's ongoing tests, Cohen adds, "to be clear, we have no plans to announce a new data usage policy." But he offered no absolute denial that such a plan might be implemented at some point in the future.
Thoughts From NetSuite’s SuiteWorld: What’s wrong with calling it ERP and CRM? (Mint Jutras)
AT&T, DirecTV Said to Aim to Complete Deal by Monday (Bloomberg)
Comcast-TWC Deal Cast in Shadow by FCC Ruling, Says Hundt (Barron's: Tech Trader Daily)
Links 5/16/2014: Uber said to be seeking round at $10 billion valuation
Uber Said to Be in Funding Talks for More Than $10B Value
(Bloomberg)
Internet Week New York shows how far the city's tech sector has come
(New York Daily News)
SAP to axe 1,500 jobs due to cloud shift (ZDNet)
Amid turmoil, questions loom for SAP at Sapphire (PC World)
Sapphire Now 2014 Aims to Show Off New SAP Structure, Connect Customers
(ASUG News)
Creative Cloud crash casts long shadow over Adobe’s Marketing Cloud pitch (Diginomica)
Rackspace Pops On M&A Signal; AT&T, HP, Cisco Loom (Investor's Business Daily)
Confirmed: Christie supporter given equity stake in company connected to NJ pension cash (PandoDaily)
CEO Spotlight: InterDigital’s Bill Merritt focuses on M2M (RCR Wireless)
First Opinion Raises $1.4M To Update Its Text-A-Doctor App (TechCrunch)
Although First Opinion is based in San Francisco, Dr. Vik Bakhru, a Philadelphia-based physician who also has a MBA from The Wharton School, has built up staffing so users
can get prompt responses.
Links 5/15/2014: FCC votes to consider Net Neutrality changes; Rackspace will consider 'inbound' strategic proposals
Awaiting the F.C.C.’s Road Map to Net Neutrality (New York Times)
FCC votes to start formal consideration of net neutrality proposal (LA Times)
Comcast Spinoff Names Insight Co-Founder Michael Willner as CEO (Bloomberg)
Fandango expands online ticketing network (LA Times)
Fandango is owned by Comcast's NBCU.
Verizon Takes Quantum Leap In Philly (Multichannel News)
Three Greater Philadelphia Business Incubators Receive Verizon's FiOS Quantum Internet Service Free for 1 Year (PR Newswire)
Zendesk Soars, Rising 44 Percent in IPO Debut (Re/code)
Rackspace retains Morgan Stanley for 'inbound strategic proposals' (The Register)
Workday No Longer Has Two Chief Executives (Investor's Business Daily)
TIBCO Acquires Jaspersoft: BI Powerhouse or Stumble? (BI Scorecard)
Philly investors lead $10M raise for sports site TheWhistle (Philly.com: Philly Deals)
The 451 Group gives us some info (& numbers) on Dell Boomi
Tom Paine
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We've heard a good deal about Dell Boomi's progress over the past few years, but not too much in terms of hard numbers, which were mostly buried in the results of Dell's overall
software group (when it was public). But a recent report by the respected 451 Group's Carl Lehman (pdf), reposted on Dell Boomi's website, provides some insights.
Its report, presumably based on information provided to it by Dell Boomi, says it currently has around 100 employees and plans to have about 150 on staff by year end. (Dell Boomi's LinkedIn page shows 67 employees, 31 in the Philly area.) Revenue distinct to Boomi was not reported, but the unit did say susbcription revenue grew at an average rate of 68% per quarter over the past 12 months (not sure if that's over prior year or over prior
quarter).
Dell Boomi also said the year over year platform usage grew by a factor of 13, from 35 million integration processes a month a year ago to 450 million now.
The 451 Group says Boomi's AtomSphere has become "an iPaaS reference architecture of sorts" that other vendors are trying to emulate, and that this along with growth in customers and usage positions AtomSphere as an iPaaS leader. While its MDM (Master Data
Managment) offering, which competes with market leader Informatica, is still maturing
and is mostly in trial right now, it has promise. Other new tools in its recent Spring
release include message queing. The 451 Group also expects API management to be another
important feature for Dell Boomi in the next few quarters.
Perhaps the top two competitors to AtomSphere are MuleSoft and Informatica Cloud, the 451 report says. There are others, including a Red Hat entrant and SnapLogic.
Dell Boomi today announced a new NetSuite OpenAir Connector, a tool that helps simplify integration processes with one of Dell Boomi's most important long-time partners.
Dell acquired Berwyn-based Boomi, co-founded by Rick Nucci with Bob Moul later joining then-CTO Nucci as GM, in 2010. Michael Dell, in his comments, has frequently touted Boomi as a key to Dell's software strategy. The sale price was never announced, though the most credible report I saw put it in the $60 million range.
Dell Boomi's current GM is Chris McNabb, who like Moul came from SunGard's Higher Ed business, now part of Ellucian.
Links 5/14/2014: More on SAP layoffs; Comcast's Cohen doesn't sound too constrained by Net Neutrality regs
Understanding the SAP bloodbath (Den Howlett/Diginomica)
SAP Cuts Jobs as Co-CEO McDermott Hastens Software Shift
(Bloomberg)
NetSuite – all grown up
(Enterprise Irregulars)
Fired Alteva CEO Cuthbert fighting for severance (Times Herald-Record)
Was fired for cause.
How to Ramp Up Mobile ROI (Bob Moul/Emarketing and Commerce)
Mobile-for-Enterprise Company Mobiquity Closes Round of $3M (Bostinno)
Based in Boston, Mobiquity has an office in Philadelphia. Radnor's NewSpring Capital is an investor.
Comcast’s Cohen: Whatever an Internet ‘Fast Lane’ Is, We’re Allowed to Do It (Variety)
Fanhattan debuts its new set-top box ‘Fan TV’ — a practical version of what Apple TV should be
(VentureBeat)
Netflix's share of peak Internet traffic rises (AP via Philly.com)
Square's status? It's complicated (Fortune Tech)
Fiber network company Zayo taps banks for IPO (Reuters)
As you can see from this interactive map, Zayo has a heavy network buildout in the mid-Atlantic region.
InsPro Technologies Corporation Announces First Quarter 2014 Financial Results (Business Wire)
Links 5/13/2014: SAP Layoffs; 451 Group on Dell Boomi
Evolve IP Secures $27.5 Million Senior Secured Loan Facility with CapitalSource as Administrative Agent and Lead Arranger (Business Wire)
SAP cutting unspecified number of jobs in workforce restructuring (IT World)
Supply chains are getting smarter: Gartner (Transportation & Logistics)
SAP #1 in market share.
SAP Development Chief Leukert to Make Software More Lego-Like (Bloomberg)
SAP's hosted HANA priced at premium, but not out of whack (ZDNet)
451 Group Report on Dell Boomi (451 Group - pdf)
Oracle keeps missing the point of cloud computing
(David Linthicum | InfoWorld)
NBC Execs Talk Up Comcast Synergy In A “New Era For Media” (Deadline)
AT&T’s Deal Strategy Raises Questions
(New York Times: DealBook)
Comcast and AT&T Tell U.S. Don’t Micromanage the Internet (Bloomberg)
Comcast: WiFi Becoming Table Stakes For Small Biz Owners (Multichannel News)
WMGM Losing NBC Affiliation in Philadelphia (Broadcasting & Cable)
N3rd St. union: GUIwerks joins Arcweb (Philly.com: Philly Deals)
4K wins: Sony reportedly suspends OLED development in favor of high-res TVs (VentureBeat)
Anaplan, Business Planning in the Cloud, Lands $100 Million (Re/code)
Links 5/12/2014: Philly Fed's Plosser says US must better prepare tech workers
Fed’s Plosser Says U.S. Must Better Prepare Technology Workers (Bloomberg)
Time Warner Looked at Buying Fullscreen, But Decided to Pass: Source (Variety)
AT&T May Reach Deal for DirecTV in Two Weeks, Says WSJ (Barron's: Tech Trader Daily)
AT&T Said in Advanced Talks to Buy DirecTV for About $50 Billion (Bloomberg)
Comcast is now the third-fastest US ISP for Netflix streaming (Gigaom)
Nielsen’s Plan to Count TV Viewers Across Screens Faces Obstacles
(Re/code)
New Jersey Proposes Rules To Clarify Sales Tax Treatment Of Software Services (Grant Thornton)
Oracle, SAP copyright feud back to court in San Francisco (San Jose Mercury News)
Three Lawson Software founders settle SEC insider trading charges
(Reuters)
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