SAP profit tops estimates, as new software license revenue increases 10%





Ars Technica: Exton firm's buggy piece of code could put telecom nets at risk



Tom Paine



 Subscribe in a reader



Code developed by an Exton firm and widely distributed throughout the mobile telecom infrastructure is deemed at risk for major intrusion, security experts say.

A bug resides in a code library developed by Objective Systems of Exton, which is present in a "wide range of telecommunication products, including radios in cell towers, routers, and switches, as well as the baseband chips in individual phones," according to an Ars Technica article. Although it would take considerable skill, the bug could be exploited to take control of entire networks.

The code library is used to implement a telephony standard known as ASN.1, or Abstract Syntax Notation One. Objective Systems has released a patch, but it would be difficult to get the patch to all the nodes and devices in which it resides. That's a problem which will only multiply with the growth of the Internet of Things.

The Ars Technica article quotes HD Moore, principal at a firm called Special Circumstances, describing the flaw as a "big deal" because of the breadth of gear that are at risk of complete takeover.

Founded in 1997, Objective Systems appears to be a small, though influential, firm. LinkedIn only shows 10 employee for it, although that's not always a completely accurate indicator. Its a bit hard to find out who's behind the company, but its CEO is Ed Day, an engineering grad from Penn State who gained his early experience with MCI.



Links 7/19: Comcast leans Into Wireless a bit; Chesco tech firm Archer plans hiring push following acquisition





Philly Tech People News 7/19: Inquirer editor is chosen to lead WHYY's news division; Several in healthcare tech roles





Subscribe to Philly Tech People News by Email




Comcast Leans Into Wireless
Names Greg Butz to helm new mobile division in executive reorg (Multichannel News)

Inquirer editor is chosen to lead WHYY's news division (Philly.com)

The Wistar Institute Names Jeff Fahnoe Chief Information Officer (Newswise)


Tandigm Health Names Patrick Adams President and Chief Operating Officer


Local entrepreneur leads health care technology firm (Philadelphia Tribune)


Jill Smart Joins EPAM’s Board of Directors

CMO Talks: Consumer Healthcare Marketing Trends From Medecision’s Ellen Donahue-Dalton (Agency Spotter)


Hulu Hires Microsoft Xbox One Exec Richard Irving (Variety)


Business Wire Announces 2 New Regional Managers: Aaron Nye for the Philadelphia Area and Jon Olson for the Boston Area



Links 7/18: Comcast joins top mobile carriers in spectrum auction; Netflix missed its Q2 subscriber numbers





Philly Tech Venture Roundup: WeWork sues ex-employee over story; Zenefits, Evariant, roundCorner, CenTrak



Tom Paine



 Subscribe in a reader



WeWork Northern Liberties


WeWork sued a former employee who apparently was the primary source for a Bloomberg article suggesting that the coworking giant was well off the mark on some key performance metrics.

After raising more than $400 million at a $16 billion valuation in March, WeWork in late April generated an internal forecast that reduced a 2016 profit forecast by 78 percent, cut its revenue estimate by 14 percent and disclosed a 63 percent surge in projected negative cash flow, Bloomberg reported.

WeWork accused Joanna Strange, who was fired June 10, of unlawful access to its computers and of stealing confidential and proprietary information.

In Philadelphia, New York-based WeWork has opened one space in Northern Liberties and another opening is planned in Center City (Walnut Street) later this summer.







In an article on Theranos in the Wall Street Journal, another Unicorn meltdown at HR benefits software firm Zenefits (devalued from $4.5 billion to $2 billion) is also discussed. In a rather pointed barb at (SAP) SuccessFactors founder Lars Dalgaard, now with Andreessen Horowitz, the Journal wrote:

"Health-benefits broker Zenefits had a single outside board member, Lars Dalgaard of Andreessen Horowitz, until five months ago. He had no experience in the regulated-insurance business and encouraged the company to grow quickly and to secure the highest possible valuation in its last round of financing, say people familiar with the matter."

I wonder what people that came from.




Farmington, Connecticut-based Evariant, which offers healthcare providers a platform to analyze data, execute marketing campaigns, and improve patient engagement, has received an undisclosed investment from McKesson Ventures (McKesson has since announced moves to largely exit healthcare tech) and Salesforce Ventures. The additional investment completes the $42.3 million Series C round the company announced in November.

Evariant also brought on a CFO who has led three companies through IPOs.

Evariant is another niche vertical startup within the Salesforce ecosystem. But unlike Veeva Systems, which helps companies market to physicians and healthcare organizations, Evariant turns that model on its head and builds upon Salesforce CRM to help healthhcare practices and large health systems market to and manage relationships with groups and end users.

By comparison, Veeva required only $7 million in capital to reach a $4 billion market value.

I assume, but can't confirm, that Evariant has the same type of market protection from Salesforce for its vertical that Veeva has for CRM within Life Sciences. But I can't but help wonder if the interests of the two companies might collide at some point, particularly in the area of clinical data that both are keen on collecting.




Villanova-based roundCorner, which provides fundraising software for non-profits, altered its relationship with Salesforce. It will no longer directly rely on being promoted and sold by Salesforce's sales organization. roundCorner will take on full responsibility for sales and suppport.

While this may sound like a negative, it will actually reduce channel confusion and put roundCorner more in control of customer experience. roundCorner competes with a much larger Blackbaud in enterprise-level fundraising systems for non-profits (NGO Connect) and educational institutions.



In a deal I missed in February, Newtown-based CenTrak was acquired by a UK health tech firm, Halma, for about $140 million.

CenTrak is a kind of IoT play - its base technology is RFID - for tracking assets and items in a hospital environment. CenTrak has a well-established install base, and KLAS recently rated CenTrak to be the most scalable RTLS (real-time locating systems) vendor based on the number of use-cases deployed per customer.

Co-founders Ari Naim (Drexel), Israel Amir (Drexel) and Gideon Naim needed less than a million dollars of VC funding, at least according to CrunchBase.


Links 7/17: Comcast Brings Internet to Public Housing; American Water Works to Relocate HQ to Camden Waterfront





WeWork sues ex-employee for disclosing information to reporters (Reuters)

Comcast Restores Service After Outages Across Northeast (NBC Connecticut)


SevOne READY Enables Collaborative Digital Infrastructure Management Ecosystem



SevOne READY Enables Collaborative Digital Infrastructure Management Ecosystem

Boston - SevOne, a leading provider of digital infrastructure management solutions, today announced the launch of the SevOne READY Program. SevOne READY is a new technology and go-to-market alliance program that allows technology providers to leverage their solutions and the open interfaces of the SevOne Digital Infrastructure Management Platform to help drive its customers’ journey to the cloud. Program participation will allow partners to create integrated offerings in key areas including software-defined networking environments, datacenter server and storage, hybrid cloud, business analytics, the Internet of Things and more.

As today’s global businesses transform into digital enterprises differentiated by software, applications and continuous innovation, new digital infrastructures are being created to support their business goals. These next-generation infrastructures are complex and rapidly evolving – too rapidly to be handled by any single solution that today’s standalone vendors can provide. With SevOne READY, the Company and its partners will facilitate collaboration across the entire digital infrastructure environment. Participating industry leading digital infrastructure vendors include Cisco, Ciena, Dell, Gigamon, HP Enterprise, Ixia, Juniper Networks, Pure Storage, and Viptela.

“SevOne’s unique approach to digital infrastructure management enables our customers to accelerate their journey to the cloud via better visualization, analysis and interaction with the entirety of their infrastructures,” said Jack Sweeney, CEO, SevOne. “With SevOne READY, we are bringing even more value by optimizing challenging end-to-end IT business processes and delivering new integrated services and solutions. We highly value our alliance partners and look forward to ensuring that our growing list of customers around the world have access to industry-leading solutions to address their most important IT operational challenges.”

The SevOne Digital Infrastructure Platform empowers Operations and IT teams to manage complex infrastructures by removing visibility gaps and providing true speed at scale to enable the power of integrated metrics, flows, logs, and to improve end user experience. SevOne recently unveiled a series of enhancements, including SevOne 5.6 and SevOne Performance Log Appliance 2.1, that offer customers unprecedented business agility to proactively manage more of their digital infrastructure, visualize and report in real time, and troubleshoot using logs at scale.

“In today’s market, it’s imperative for leading vendors to work collaboratively for joint customer success,” said Nolan Greene, senior research analyst, IDC. “We are pleased to see SevOne working together with some of the key players in enterprise technology to deliver exceptional end-to-end digital infrastructure management.”

“We are excited to see that SevOne has taken the lead on organizing an ecosystem that will provide us with a wide variety of choice in building solutions to meet our varied customer needs while simplifying end-to-end digital infrastructure management. This is extraordinarily important where speed to delivery can make the difference between winning or losing new business opportunities,” said Eric Sharpsten, CTO, Lockheed Martin IS&GS.

“A key to increasing network intelligence is data analysis. Collecting these analytics across multivendor environments, at any scale, can be challenging. SevOne’s solutions help us to more fully integrate at scale,” said Paul Obsitnik, Vice President of Service Provider Portfolio Marketing, Juniper Networks. “By supporting an open ecosystem approach, the SevOne READY program makes multi-vendor product implementations much simpler for our service provider customers to deploy, thus helping them maximize their IT investments and reduce service time-to-market.”

SevOne READY offers a range of benefits to alliance partners including:
Technology and Customer Value

Ease of integration with the SevOne Digital Infrastructure Platform
Dedicated alliance program management
Device/Solution integration certification
Access to SevOne Technical Support

Technology and Customer Value

Joint GTM planning, including content development and demo creation support
Joint lead generation through webinars, regional marketing events, and sponsorship opportunities

For more information on the SevOne READY program, please visit www.sevone.com/alliances.

About SevOne
SevOne provides the only infrastructure performance monitoring solution engineered for Speed at Scale for the world’s most demanding service-delivery environments. The patented SevOne ClusterTM architecture leverages distributed computing to scale infinitely and collect millions of objects to provide real-time reporting and help organizations prevent outages. SevOne customers include seven of the world’s 13 largest banks, enterprises, CSPs, MSPs and MSOs. SevOne is backed by Bain Capital Ventures. More information can be found at www.sevone.com. Follow SevOne on Twitter at @SevOneInc.
Media Contacts:




Links 7/15: Azure vs AWS – cloud wars move to the app building layer; AccuWeather’s compute strategy takes forecasting to the Cloud at Scale





Links 7/14: Musk says Tesla that crashed in Pennsylvania was not on Autopilot; Ballmer shares vision for online streaming service for Clippers