Rovi Soars On Q4 Earnings; Focus Shifts To Comcast, Dish Renewals (Investor's Business Daily)
/ (Data Center Knowledge)
/ (Data Center Knowledge)
Yodle, founded at Penn with early backing by MentorTech Ventures, acquired by Web.com for $300 million plus $42 million in future payments
Tom Paine
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Web.com announced an agreement today to acquire Yodle, a digital marketing firm focused on local marketing. The price is $300 million in cash, plus $42 million in future payments to be paid out over the two years following the purchase.
New York-based Yodle has 1,400 employees and over $200 million in annual revenue, according to Web.com's release. It was founded by John Berkowitz, Nathaniel Stevens (both from Penn) and Ben Rubenstein in 2005 at Penn. Only Berkowitz appears to still be with the company. Stevens left the company in 2010 to finish school at Wharton.
MentorTech Ventures was an early investor, and as MentorTech's Brett Topche tweeted last night:
Congrats @MentorTechVC portfolio co @Yodle on the exit! Come a long way from when you worked in our conference room! https://t.co/Shk3btxIXG— Brett Topche (@BrettTopche) February 12, 2016
Yodle filed for an IPO in 2014, but postponed it.
Web.com Group, Inc. (NASDAQ: WEB), based in Jacksonville, is a provider of Internet services and online marketing solutions for small businesses. It said in a statement that on a combined basis for 2015, Web.com would have had over $765 million in non-GAAP revenues with 50% of its revenue generated from faster growing value added digital marketing solutions.
Links 2/11/2016: Netflix now 100% on AWS; Qlik misses Q4 2015, soft guidance for 2016
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TV Auction View: AT&T, VZ Top Bidders; Comcast In; Google, AMZN Out (Investor's Business Daily)
Netflix Shuts Down Final Bits of Own Data Center Infrastructure (Data Center Knowledge)
REVZILLA, CYCLE GEAR AND THE ROAD AHEAD (Revzilla Blog)
Dreamit Health will use Blackstone Foundation grant to expand accelerator class (Med City News)
Qlik misses Q4 2015, soft guidance for 2016. What’s going on? (Diginomica)
NBA Bolsters Partnership With SAP To Bring Natural Language Queries To Stats Site (TechCrunch)
Carpenter Technologies moving headquarters from Readng area to Philly, Reading Eagle reports
Tom Paine
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One of Berks County's largest employers, Carpenter Technologies, which produces and distributes premium alloys, including special alloys, titanium alloys and powder metals, is moving its headquarters to Philadelphia, the Reading Eagle reported today.
Spring Township-based Carpenter expects that the new Philadelphia location will ultimately be home to about 100 positions. About 2,300 Carpenter personnel will remain in the Reading area, and the company says it employs 3300 statewide.
“Carpenter is positioning itself for continued growth,” Carpenter President and CEO Tony R. Thene said in a statement. “As we have expanded our manufacturing footprint and sales presence over the past decade, it has become more important to raise our visibility, broaden our talent pool, and improve access to our customers and partners.
The exact timing of the move hasn't been determined.
I'm sure Berks will not be happy about losing one its largest headquarters.
Carpenter Technology is traded on the NYSE (CRS). In its most recent fiscal year ending June 30 2015, it reported revenue of $2.2 billion and net income of $59 million. Its market capitalization is almost $1.2 billion.
4 takeaways from yesterday (2/10)
The $20 billion market you didn’t know existed (Marketwatch)
Comcast begs Atlanta customers not to switch to Google Fiber (Ars Technica)
SAP slaps patch on leaky factory software (PCWorld)
Apple May Push Into Corporate Cloud Computing Vs. Amazon, Microsoft (Investor's Busness Daily)
Philly Tech People News 2/10: New iPipeline President enters as predecessor gets big job; Who's left watching your money at PA SERS?
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iPipeline Announces Appointment of Andrew Damico as New President (Businss Wire)
Melchiorre, former President of Exton-based iPipeline, gets big job with unicorn Anaplan
Paul Melchiorre, former President of Exton-based iPipeline , was appointed global Chief Revenue Officer of San Francisco-based Anaplan today. Melchiorre’s appointment follows Anaplan’s recent announcement that it raised $90 million in a funding round.
Prior to iPipeline, he served as Global Vice President for Ariba, the B to B supply chain software company acquired by SAP in 2012. Before that, he was an executive with SAP.
A graduate of Villanova (undergrad) and Drexel (MBA), Melchiorre has been omnipresent on the Philly Tech scene, working with numerous startups such as ExpenseWatch, ListenLogic and VC firm MissionOG.
One former SAP associate said on LinkedIn: "The way it was told to me, Paul basically built Ariba ... Actually I know Paul much better from his many years with SAP, where not only did he lead the company in sales but did so while being a hell of a nice guy."
Ariba was an early competitor to Malvern's Verticalnet, and both crashed in the 2000 era tech bust. But Ariba came back to survive and prosper, while Verticalnet barely hung on.
Anaplan, which calls itself "the enterprise planning cloud company", announced a $90 million round at a valuation of S1.09 billion post funding in January, and hired a new CFO. It definitely indicated it is planning for an IPO. It competes with older-line companies such as SAP, as well as other new-breed SaaS business planning startups.
Melchiorre left iPipeline after it was acquired by PE firm Thoma Bravo last year.
Moul becomes CEO at Philly-based Cloudamize; Founder Shah to serve as chief evangelist & board chair
Bob Moul, former CEO of Boomi (sold to Dell) and Artisan Mobile (acquired by TUNE) has been named chief executive officer of Philadelphia-based Cloudamize, effective February 1. Cloudamize is a leader in cloud infrastructure analytics and cost optimization.
Khushboo Shah, who has led the company as founder since its inception, will continue to serve as chief evangelist and will chair its board of directors.
“I am thrilled that Bob has agreed to join the company,” said Shah in statement. “He has been a close advisor for many years and brings deep insights into our market, our customers, and our partners. With his proven 35-year track record in hi-tech, he is ideally suited to take Cloudamize to the next level and to achieve our vision as the leader in maximizing cloud value for our customers.”
Moul has also been a visible leader in Philadelphia's tech community. And he gave an honest self-assessment of his missteps at Artisan, which reportedly sold for less than the amount invested in it.
Cloudamize is venture-backed by MissionOG, DreamIt Ventures, and Gabriel Investments. It has received $1.2 million in venture capital, according to CrunchBase. There's been no indication yet that additional funding is tied to Moul's new role.
Moul described in a separate blog post how he met Shah four years ago when he was coaching her in an incubator program, and has worked with her ever since.
I profiled Shah and Cloudamize a
 |
| Khushboo Shah / LinkedIn |
There are so many companies named 'Cloud' around, I think it needs some explaining. Cloudamize may be complementary to CloudNexa and shares a common investor, but is not a direct competitor (at least that's how it appeared a year ago). Cloudmine and Cloudamize share some common investors and might be helpful to each other, but are really two different businesses.
First Round Capital is an investor in a Portland-based company called Cloudabilty, that's raised $16 million and does appear to be in the same space as Cloudamize.
A year ago, Cloudamize seemed focused solely on cost optimization and tracking for Amazon Web Services customers. AWS was at a $10 billion annual run rate in the 4th quarter. But Shah's plan was to expand its range of services to other clouds, It appears to have expanded to cover Microsoft Azure, the second most popular public cloud.
Drexel President John Fry named chairman of Greater Philadelphia Chamber of Commerce (Philadelphia Business Journal)
The Wall Street Journal (subscription) reports that TE Connectivity (Berwyn) Chief Financial Officer Robert Hau would resign next month, and the company has begun a search for his replacement.
Thomson Reuters Buyouts reported (subscription) that PE officer Brandon Halm is leaving PA SERS as of February 26. The System has lost three PE professionals since last year, and is unable to fill vacancies because of a statewide hiring freeze, Buyouts reports.
He was an early Seamless employee, sold his next company for $100 million, and became a VC — now he's launching a food delivery startup (Business Insider)
Milestone Partners Announces Promotions and Addition to Senior Team (Milestone Partners)
Lovell Minnick Partners beefs up team with three new hires (PE HUB)
TierPoint Appoints Morrison, Morales, Hicks and Markley to Technology and Operations Leadership Positions (Business Wire)
Bob Hcks, who has headed TierPoint's six Philly-area data centers, takes on broader role.
AMETEK Chief Financial Officer Robert R. Mandos, Jr. To Retire (PR Newswire}
Links 2/10: The $20 billion market that the writer apparently didn’t know existed: SAP slaps patch on leaky factory software
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The $20 billion market you didn’t know existed (Marketwatch)
The writer mistakenly refers to Motorola as a major set-top box maker; of course that business now belongs to Arris.
Comcast begs Atlanta customers not to switch to Google Fiber (Ars Technica)
SAP slaps patch on leaky factory software (PCWorld)
Ready to cook Amazon's Lambda? Google releases preview of Cloud Functions (The Register)
The world doesn’t need another Tableau (VentureBeat)
Twitter growth grinds to a halt (USA Today)
Apple May Push Into Corporate Cloud Computing Vs. Amazon, Microsoft (Investor's Busness Daily)
'Mac is key for any modern enterprise' -- SAP (Computerworld)
Private Equity's IHeart Radio Chokes on Debt Load It Can't Repay (Bloomberg)
FanDuel shuts down Florida game studio and lays off 55 (VentureBeat)
Llnks 2/9: Ametek's two buys; NewSpring - bigger's not always better
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Amazon Is Building Global Delivery Business to Take On Alibaba (Bloomberg)
NewSpring: More, not bigger
(Philly.com: Philly Deals)
Comcast to shell out $250 million for new Telemundo headquarters (Philly.com)
Microsoft – the modern ERP arms merchant (Brian Sommer/Diginomica)
The cloud breakdown: Amazon, Microsoft, and everyone else ( Business
Insider)
AMETEK buys Knightdale tech firm for $130M (Triangle Business Journal)
AMETEK Announces Two Acquisitions (PR Newswire)
DraftKings loses its exclusive ESPN ad deal (Engadget)
Sunday Highlights: TE Connectivity pushes into medical devices with Creganna buy; Malone-funded health tech research center opens at Hopkins
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New York City, PSC Staff Wary of Cablevision/Altice Deal (Multichannel News)
New York doesn't want the French any more than they wanted Philadelphians.
TE Connectivity pushes into medical devices with Creganna buy (Reuters)
TE Connectivity is run from Berwyn, though its headquarters is in Switzerland.
New interdisciplinary center at Johns Hopkins aims to reshape medical care (Hub/Johns Hopkins)
Funded by alum and cable pioneer John Malone.
SAP’s CEO Has Big Plans for Fixing Health Care With Software (Re/code}
Critiquing the Gartner BI and analytics MQ
(Diginomica)
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