Doylestown-based BioClinica may seek sale (Report)

Tom Paine

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Doylestown-based BioClinica's private equity owner is exploring a sale, according to sources cited by Reuters.

BioClinica's eHealth unit is located in
Audubon

The clinical trial management services supplier, which was taken private in 2013 by JLL Partners for $123 million, could be valued at as much as $1.3 billion, the sources suggested to Reuters. It has apparently hired investment bank Jefferies LLC to run an auction.

Since going private, BioClinica has made several acquisitions, the most recent being its January acquisition of clinical trial payments specialist Clinverse, which was backed by Edison Partners. BioClinica is reported to have EBITDA (earnings before interest, taxes, depreciation and amortization ) in the $100 million range.

BioClinica was founded in 1990 as Bio-Imaging Technologies and has over 1200 employees, according to its website.

While several firms in the Philly area have one or more of the tools needed for clinical trials, the key to BioClinica's strategy has been to intregrate several of them.

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Comcast faces antitrust lawsuit over cable ad sales

Tom Paine

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In news that broke late today, Comcast is facing an antitrust lawsuit alleging that it is trying to monopolize cable advertising within distinct geographic markets.

In s suit filed in Illinois Monday, Viamedia claims that Comcast has gained control of local cooperatives which serve large cable networks and blocks Viamedia and its clients from participating in large markets such as Detroit and Chicago.

This comes as the Justice Departmemt is already investigating Comcast's behavior in the spot advertising market.

Comcast issued a statement citing the competitiveness of the advertising market.

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Salesforce: Great results, but must be thinking about future cloud & database strategy (Update 5/25: Salesforce choses AWS as its ‘preferred’ public cloud provider

Tom Paine

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Update 5/25: Salesforce has chosen AWS as its ‘preferred’ public cloud provider, snd will run Sales Cloud on it in addition to previously announced clouds.

Salesforce Partners Surprised By Fast-Moving AWS Relationship, But See Synergies Between The Cloud Vendors (CRN)





Salesforce produced solid results in its first quarter announced last week: Revenue up 27% to $1.92 billion, and a profit of $38.8 million.

While its certainly on a good track for now, one question that's still out there
is how Salesforce will deal with its largest (indirect) pure cloud competitor, Amazon Web Services. AWS curently has a $10 billion annual run rate with much higher growth, although as an IaaS/PaaS hybrid of sorts, its at a different level in the stack than Salesforce. (Actually Google is a larger pure cloud company, come to think of it.)

So its interesting to see Salesforce making noises, at leaast, about reaching out
to AWS. In fact, its Heroku PaaS platform for developers runs on AWS (exclusively?) and its new IoT platform will as well.

Salesforce must have thought internally about providing a public cloud utiilty, but it would be awfully hard to match what AWS has now. Oracle is trying, but there is a sense that's more an afterthought to serve its own customers.

Meanwhile, the old rumor that Salesforce is building its own  DBMS based on Postgres to run on top of Heroku rather than run its clouds on Oracle DBMS, resurfaces.

Update 5/25: AWS snnounced today that Salesforce has chosen it as its ‘preferred’ public cloud provider, and will run Sales Cloud on it in addition to other clouds
already announced.

< Salesforce Surges as Large Revenue Deals Help Drive Growth (Bloomberg)



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OnDeck just down a tad today, though its already sbout at its lowshttps://t.co/ezSeQ6emlC

— tom paine (@phillytechnews) May 9, 2016

PTN Post from March: Wilmington-based Swift Capital reports gains, has impressive backers including First Round Capital