Philly Tech People News 12/21/2014: Unisys names Peter A. Altabef new CEO
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| Peter A. Altabef / LinkedIn |
Unisys Names 20-Year Channel Executive Veteran As New CEO (CRN)
Peter A. Altabef was most recently CEO of Micros Systems, acquired by Oracle earlier this year for approximately $4.6 billion.
Quality Systems, Inc. Names Zachary J. Sherburne Global Chief Information Officer (Business Wire)
Quality Systems is the parent company of Horsham-based NextGen Healthcare.
QVC Promotes Mathias Bork to CEO of QVC Germany (PR Newswire)
BoardEffect names Todd Gibby Chief Executive Officer (BoardEffect website)
Somewhat dated but certainly still of interest. Gibby, a Wharton MBA, had been CEO of Intelliworks. Previously, at Blackboard, he was responsible for the company’s worldwide operations
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Wistar Institute CEO Russel Kaufman stepping down (Philadelphia Business Journal)
JPMorgan Exec Named Commonfund CEO (ThinkAdvisor)
Catherine Keating is also currently chairwoman of the Villanova University Board of Trustees.
Syfy Promotes Chris Regina to SVP (Multichannel News)
Syfy is an NBCUniversal network.
NetSuite Grabs Microsoft Dynamics GM for CMO Role (Ad Age)
Scrappy software upstart InsideSales.com hires long-time Salesforce exec (Fortune)
eBay enterprise CTO Brent Peters joins InsideSales.com. Aims to scale the hit SaaS platform for an IPO (PandoDaily)
Brownstein Group Hires Danielle Rossi as Vice President, Director of Brand Strategy & Integrated Marketing (Brownstein Press Release)
Saturday Highlights 12/20/2014: SaaS economics pushes Salesforce towards bigger deals; DISH, Comcast SportsNet reach deal
Three ways enterprise software is changing (PC World)
DBMS Legacies are Very Sticky
(Merv Adrian/Gartner Blogs)
Oracle: Time for some respect (Vinnie Mirchandani/Enterprise Irregulars)
SaaS economics push Salesforce towards bigger deals (Diginomica)
DISH, Comcast SportsNet reach deal in regional dispute (Reuters)
Links 12/19/2014: First Round's return from OnDeck investment; Xerox unit handling SEPTA smart card project sold to French company
'We certainly made a lot of money,' says VC who backed OnDeck Capital (New York Business Journal)
Report: First Round Capital (approximate 5.5% stake) made 74x its investment.
Hollywood is still obsessed with breaking the internet (The Verge)
Why is the MPAA meeting with a senior Comcast engineer?
FCC Considers Extending Broader Pay TV Rules to OTT Providers (Variety)
Radnor-based Peak Equity Partners Sourced and Co-led Acquisition of Postgres Database Leader EnterpriseDB
(Business Wire)
EnterpriseDB is based in Bedford, MA. NewSpring Capital and Milestone Partners, both also of Radnor, teamed up with Peak Equity on the transaction.
DuPont CEO on what's driving the company into the future (Fortune)
Xerox to Sell I.T. Outsourcing Unit to Atos for $1 Billion (NY Times: DealBook)
The acquisition includes the Xerox unit implementing SEPTA's long awaited smart card system.
Rent the Runway, a Designer Fashion Start-Up, Raises $60 Million (NY Times: Bits)
Oracle's Larry Ellison talks cloud catch-up game with Salesforce.com (ZDNet)
Are SaaS Companies Just Misunderstood?
(TechCrunch)
Philly Tech News Quotes & Tweets 12/18/2014
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"One of the biggest things you have employee representatives that are actually on the board of directors. Think about an American board with all these external power brokers [also] actually having employees that are voted to board seats [and] they have the same vote as the external directors. You have to really have patience and the temperament to listen."
Bill McDermott, to the Philadelphia Inquirer, on being CEO of SAP SE.
SEC chair: No 'drop-dead date' for equity crowdfunding rules - Dan Primack/Fortune
very impressed with what the @ryantcaplan and the @coldlightco team has been creating in the analytics space... they "get it"!
— Rick Bullotta (@RickBullotta) December 17, 2014A HUGE thank you to the @Phillies for their terrific IT hardware donation today! Over 100 laptops, desktops, printers and monitors!
— NTR Philadelphia (@NTRPhiladelphia) December 17, 2014
SEC chair: No 'drop-dead date' for equity crowdfunding rules - Dan Primack/Fortune
MyPOV: @holgermu asking the tough questions about @SAP @Concur. Here w/ @tminahan. This is more than T&E but about networks.— R Ray Wang (王瑞光) (@rwang0) December 12, 2014
Media Company Looking For Ways To Get Rid Of Veteran 24-Year-Old Employee http://t.co/DyCxHLdlpN #OurAnnualYear pic.twitter.com/W015RLQcwy
— The Onion (@TheOnion) December 15, 2014Rutledge: OTT is ‘Playing With Fire’ - Tom Rutledge, CEO of Charter Communications, at UBS Global Media & Communications conference in New York.
“No venture capitalist would give us money. We raised all the money privately. I was thrown out of Sequoia three times, US Venture Capital three times,” -Marc Benioff as quoted by Business Insider.
Wow! Just heard that @OnDeckCapital is now the highest valued venture-backed technology company to IPO in NYC history.
— Josh Kopelman (@joshk) December 17, 2014Links 12/18: Oracle King of Clouds?; Maggie Fox on next stage of success at SAP
Oracle, the King of Cloud? Maybe in Ellison's world (The Register)
Maggie Fox: the next stage of success at SAP (B2B News Network)
NBCU Unveils TV Everywhere Ad Campaign Using Programmatic Buying - See more at: http://www.videonuze.com/article/nbcu-unveils-tv-everywhere-ad-campaign-using-programmatic-buying#sthash.QzuxZbff.dpuf (VideoNuze)
Comcast will now call customers who need help instead of putting them on hold (The Verge)
Making the Internet a utility—what’s the worst that could happen? (Ars Technica)
eBay CTO Brent Peters joins InsideSales.com. Aims to scale the hit enterprise platform for an IPO (PandoDaily)
NetSuite Grabs Microsoft Dynamics GM for CMO Role (Ad Age)
CEO Zach Nelson has been writing his own copy.
Project ‘Nextdoor’ gets a neighborly welcome to Philly (Philadelphia Daily News)
PUC approves Lyft to operate - but not here (Philly.com)
Links 12/17/2014: OnDeck Capital IPO, with some strong local interest, raises $200 million, rises sharply after offering
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OnDeck, a Lender to Small Businesses, Raises $200 Million in I.P.O. (New York Times)
OnDeck Capital Prices IPO Above Range As Stock Leaps (Investor's Business Daily)
Hello @NYSE! cc: @ondeckcapital pic.twitter.com/pLRdaLzCgg
— Josh Kopelman (@joshk) December 17, 2014Shares rose as much as 37% post-offering, valuing OnDeck at as much as $1.7 billion.
First Round Capital was an early investor in OnDeck; Sapphire Ventures (formerly SAP Ventures) participated in later rounds. Pre-IPO, SAP Ventures held about 10%, "entities affiliated with First Round Capital, 5.5%", according to Equities.com.
WealthCloud, LLC Closes a Seven-Figure Strategic Investment Targeted to Accelerate Growth (Business Wire)
Conshohocken-based investment management platform runs on Salesforce's cloud.
Oracle Profit, Sales Top Estimates Amid Shift to Cloud (Bloomberg)
Oracle posts stronger-than-expected Q2 earnings, revenue results (ZDNet)
2014 Year in Review: Evaluating SAP, Part II (ASUG News)
Salesforce.com Connects To Microsoft SharePoint (Information Week)
DoD releases new federated cloud procurement policy (Federal Times)
Broadcasters try to block Aereo asset sale, $90M tax transfer (Gigaom)
Time Warner Cable, Boingo turn on Hotspot 2.0 (Gigaom)
Comcast deserves a fair shake (Inquirer OpEd/Varsovia Fernandez, president and CEO of the Greater Philadelphia Hispanic Chamber of Commerce)
Why broadband execs are telling Washington and Wall Street different things on net neutrality (Washington Post)
Analytics Showdown: Should Apps Be Simpler, Or Smarter? (Information Week)
If You Build It: The Rise Of The Mega Data Center (CRN)
Philadelphia getting another Healthcare IT headquarters; Safeguard Scientifics-backed venture
Tom Paine
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Philadelphia is getting another healthcare IT firm headquarters, and that firm is getting a new CEO, it announced this morning.
The company is Safeguard Scientifics-backed Dabo Health, currently based in San Francisco. The design and engineering team will remain in San Francisco.
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| Robert V. Stanek |
Dabo Health's previous CEO, Camilo Barcenas, will now serve as Founder and Chief Development Officer.
Safeguard has not publicly announced its investments in Dabo Health, but a company spokesperson told me by email that it had deployed a total of $1.5M in the company since November 2013, which has been reflected in its quarterly statements. That apparently represents the bulk of its financing to date, which CrunchBase shows as $2 million. (Correction: Dabo Health says it has raised approximately $8M to date.)
Currently completing a pilot project at Mayo Clinic, Dabo Health "is an innovative platform that uses a social media format to provide easy access to information and metrics that helps nurses, physicians, and front line staff have the information needed to improve quality of care," the company said in its release. “Dabo Health has developed a highly innovative and differentiated online and mobile visualization platform for providers and payers to make key performance metrics accessible and actionable, while identifying best practices to improve care quality and reduce costs,” said Mr. Stanek.
Stanek indicated that "Dabo Health will be in the position to pursue additional funding in 2015."
Dabo Health currently has approximately 20 employees. Specifically for the Philadelphia office, Dabo Health plans to ramp up to approximately 10 employees in the short-tern and grow from there. It is currently investigating multiple sites in the Greater Philadelphia area.
Veeva Systems, coming off strong quarter, announces several growth initiatives
Tom Paine
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Many analysts and would-be analysts have had little idea of what Veeva Systems (NASDAQ: VEEV) actually does, often comparing it with healthcare IT firms such as Cerner, Epic and AthenaHeath that provide hospital IT and EHR systems. But Veeva"s latest quarterly results (Q3 2015) released on November 25 gave investors more reason to take notice. Earnings were 9 cents per share, up 50% from the year-earlier quarter and beating consensus by one cent. Revenue rose 52% to $83.8 million, about $5 million above the average estimate.
Veeva also raised its revenue guidance for the full year by 3%, now from $310.7 million to $311.7 million, up from $210 million last year.
Veeva has been highly valued in some eyes (high P/E and Price to Sales ratios) and its stock has been under pressure from skeptics and shorts because of that. But the latest results were reassuring and the stock took an upward bounce.
California-based Veeva started with a CRM for Life Sciences sales & marketing built on top of Saleforce's Force.com SaaS platform, and succeeded in replacing many legacy installations from Oracle's Siebel Systems and Cegedim (whose CRM business has since been acquired by IMS Health in October). It then expanded into the R&D regulatory content management function within Life Sciences with Veeva Vault, a proprietary multi-tenant SaaS platform. Also, it introduced Veeva Network, a healthcare provider data-oriented offering.
Veeva Vault and Network combined have grown to 15% of total revenue in Q3 2015, up from slightly more than 10% in Q1. Veeva watchers see this as a key indicator of the company's long-term growth potential. Vault and Network are designed to work with Veeva CRM in an integrated manner, not as separate silos.
Veeva is of interest to people in the Philadelphia area for three reasons: Its eastern office, based in Radnor, is home to its US marketing & sales operations, serving its many life sciences customers in the Mid-Atlantic region; It also was a home base for building Veeva Network, which was facilitated by the acquisition of Fort Washington-based AdvantageMS in 2013; It is big on partnerships, and it has partnered with several of the leading Life Sciences technology companies in the area, thus becoming central to the ecosystem in the area. Its President and co-founder, Matt Wallach, is a native of the area and is based here, and Veeva has over 100 employees in the area shown on LinkedIn.
The pace of change is accelerating at Veeva, as reflected by several recent announcements by the company:
Veeva opened its first two European data centers, in Germany and in the UK. These will support growth, and make it easier to comply with local regulatory issues and lessen any concerns raised by US data security policies. In addition to supporting Veeva Vault and Network, the new data centers will also run Veeva CRM on the Force.com platform.
Veeva introduced its Veeva Network Healthcare Professional and Healthcare Organization data offering into the European market. Previously, this had been available only in the US. Veeva is delivering the Network Provider Database for the U.K. today; France, Germany, Italy, and Spain in the first half of 2015; and other markets to follow.
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| Tim Slevin |
In addition, Vital Therapies became the latest significant Veeva Vault customer.
Links 12/16/2014: NBC launching live stream of shows; Comcast will allow Roku owners to stream HBO, Showtime
Comcast Feels Heat Over Home Hotspots (Multichannel News)
Comcast Will Finally Let Roku Owners Stream HBO, Showtime (Re/code)
NBC is launching a live stream of its shows (The Verge)
PAYPAL LOAN PROGRAM TO COMPETE WITH LENDING CLUB (Pymnts.com)
This software entrepreneur uses predictive analytics to kill cold calls (Fortune)
On InsideSales.com.
Unisys Names 20-Year Channel Executive Veteran As New CEO (CRN)
Was most recently CEO of Micros Systems, acquired by Oracle earlier this year for approximately $4.6 billion.
SAP Business ByDesign and the journey to HANA (Diginomica)
Rowan breaks ground on new $63M business school with goal of doubling enrollment (Philadelphia Business Journal)
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