A SaaS History Lesson – The First SaaS Company's Exceptional Journey / Concur (Tomasz Tunguz)
A SaaS History Lesson – The First SaaS Company's Exceptional Journey (Tomasz Tunguz / Venture Capitalist at Redpoint)
Boston-Based CIC Chooses uCity Square for Newest Expansion Location
uCity Square has attracted a Boston-area firm to its newest building at 3675 Market Street in University City, Philadelphia. Wexford Science + Technology and the University City Science Center announced today that Cambridge Innovation Center, also known as CIC, will occupy 127,000 square feet and bring its successful model of supporting innovation and entrepreneurship to Philadelphia.
“By joining forces, Wexford, the Science Center and CIC are leveraging their core strengths to support the region’s next generation of entrepreneurs and innovators.”
PHILADELPHIA, PA (PRWEB) DECEMBER 15, 2016
uCity Square has attracted a Boston-area firm to its newest building at 3675 Market Street in University City, Philadelphia. Wexford Science + Technology and the University City Science Center announced today that Cambridge Innovation Center, also known as CIC, will occupy 127,000 square feet and bring its successful model of supporting innovation and entrepreneurship to Philadelphia. CIC will join the Science Center at 3675 Market. There, the Science Center will relocate and expand its headquarters -- home to its nationally-recognized tech commercialization and business incubation programs -- by leasing 50,000 square feet.
CIC creates concentrated hubs of innovation in cities around the world. These hubs incorporate specialized infrastructure and are distinguished by intense, productive innovation communities, making them the preferred choice of seasoned, serial entrepreneurs. With facilities in Cambridge, Boston, Miami, St. Louis and Rotterdam, CIC has been home to several thousand companies pushing the boundaries of innovation, including Android, HubSpot, Tokai Pharma and GreatPoint Energy. CIC’s facilities will feature turnkey office and lab space, with options from a single desk or lab bench to larger team spaces.
The Science Center will build on its 53-year history of supporting businesses at every stage of the startup life cycle by continuing to offer technology commercialization and business acceleration programs that include critical funding, expertise, and business tools. In addition, the Science Center will triple the size of Quorum, the entrepreneur’s clubhouse, to offer more meetings, events, and programming for uCity Square residents and the wider community; and build a larger, dedicated FirstHand Lab that will enable more hands-on STEAM education classes and programs serving more middle and high school students and teachers at more local schools.
“Separately, these are powerful components. Together, they will disrupt and accelerate innovation and entrepreneurship in Greater Philadelphia,” says Science Center President & CEO Stephen S. Tang, Ph.D., MBA. “By joining forces, Wexford, the Science Center and CIC are leveraging their core strengths to support the region’s next generation of entrepreneurs and innovators.”
“Combining CIC's successful model of highly-serviced small office space with the dynamic programming and resources of the Science Center at 3675 Market will create a strategic nexus within Philadelphia’s innovation ecosystem and is a model collaboration for knowledge communities around the country,” says Jim Berens, President & CEO of Wexford.
“At the root of a successful startup ecosystem are communities with ties to great academics and a strong talent base,” says Tim Rowe, Founder & CEO of CIC. “We are thrilled to be partnering with Dr. Tang, the Science Center and our friends at Wexford. I truly believe that, through our partnership, we can help Philadelphia become a global leader of innovation.”
3675 Market will stand 14 stories tall, totaling approximately 345,000 square feet. The building is scheduled to deliver in the second quarter of 2018 and is now 50% pre-leased, with the remaining space available to the market for office, laboratory and retail uses.
The project is being developed by a partnership between the Science Center, Wexford Science + Technology and Ventas. It is the latest development at uCity Square, a planned 6.5-million-square-foot mixed-use community consisting of office, laboratory, clinical, educational, residential, and retail space.
As part of the financing for the project, the Science Center has secured a $2.5 million “RACP” grant from the Commonwealth of Pennsylvania's Redevelopment Assistance Capital Program. The RACP funds will be used for the fit-out of the 50,000 square feet that will house the Science Center's administrative offices, programs and facilities, including the new expanded Quorum space.
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About CIC
CIC is a recognized global leader that creates concentrated hubs of collaborative innovation in future-focused cities. CIC develops innovation ecosystems that support exceptional innovators and entrepreneurs and helps them to translate their ideas into practical, large-scale benefits for society. CIC currently operates 500,000 square feet of office space in Cambridge, Boston, St. Louis, Miami and Rotterdam, Netherlands. CIC has served more than 3,300 companies since 1999, including startups, corporate R&D facilities, and academic labs. CIC companies have raised over $2.7 billion in venture capital to date. For more information about CIC, visit http://www.cic.us.
About the Science Center
Located in the heart of uCity Square, the Science Center is a mission-driven nonprofit organization that catalyzes and connects innovation to entrepreneurship and technology commercialization. For 50+ years, the Science Center has supported startups, research, and economic development in the life sciences, healthcare, physical sciences, and emerging technology sectors. As a result, graduate firms and current residents of the Science Center drive $13 billion in economic activity in the region annually. By providing resources and programming for any stage of a business’s lifecycle, the Science Center helps scientists, entrepreneurs and innovators take their concepts from idea to IPO – and beyond.
For more information about the Science Center, go to http://www.sciencecenter.org
About Wexford Science & Technology
Wexford Science & Technology, LLC, is a real estate company exclusively focused on partnering with universities, academic medical centers and research companies to develop vibrant, mixed-use communities. Wexford’s communities are built on a foundation of discovery, innovation and entrepreneurial activity that creates visible outcomes in the form of substantial economic growth, new and diverse jobs and community transformation. Wexford targets strategic opportunities with top-tier research universities that are directly on or contiguous to dense, urban campuses. Presently Wexford has developed twelve Knowledge Communities across the United States. For more information about Wexford, visit http://www.wexfordscitech.com.
About Ventas
Ventas, Inc., an S&P 500 company, is a leading real estate investment trust. Its diverse portfolio of approximately 1,300 assets in the United States, Canada and the United Kingdom consists of seniors housing communities, medical office buildings, life science and innovation centers, skilled nursing facilities, specialty hospitals and general acute care hospitals. Through its Lillibridge subsidiary, Ventas provides management, leasing, marketing, facility development and advisory services to highly rated hospitals and health systems throughout the United States. More information about Ventas and Lillibridge can be found at http://www.ventasreit.com and http://www.lillibridge.com.
About uCity Square
Located in Philadelphia’s University City neighborhood, uCity Square is a 6.5 million-square-foot mixed-use community consisting of retail, residential, clinical, office, and laboratory space. Surrounded by top-tier colleges and universities, independent research institutions, world-renowned hospitals, hundreds of restaurants and shops, and thousands of jobs, uCity Square is the center of connectivity for residents, students, professionals, and entrepreneurs. Powered by the University City Science Center and Wexford Science + Technology, uCity Square will be the center of Philadelphia’s economic growth in University City by creating a dynamic environment for innovation and collaboration between the private sector and top-tier research institutions such as the University of Pennsylvania and Drexel University. The project is a joint development of Wexford Science + Technology, the University City Science Center and Ventas. For more info: http://www.ucitysquare.com
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JEANNE MELL
University City Science Center
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University City Science Center
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Original Source: http://www.prweb.com/releases/2016/12/prweb13931224.htm
Links 12/16: Fidelity gives BlackRock an early leg up in robo advice brawl; Violin Memory files for chapter 11
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Violin Memory shares collapse as it files for chapter 11 (The Register)
SAPs Sapphire Ventures was a significant investor in Violin prior to its IPO, as SAP was seeking better sources of advanced flash memory for use with HANA.
Fidelity gives BlackRock an early leg up in robo advice brawl (Reuters via Daily Mail)
Fidelity also has Radnor-baed eMoney Advisor, of course.
Uber Defies California Regulators With Self-Driving Car Service (NY Times)
4 Takeaways From Oracle's Earnings Call
(Fortune)
Oracle Drops 4%: Cloud Transition Bumpy, Bulls Say Stay the Course (Barron's Tech Trader)
Net Neutrality’s Future in Crosshairs as FCC Chief Departs (Bloomberg)
Canada’s Rogers Kills Internet TV Project, Reaches Comcast Pact for X1 System (Variety)
Another nation sees the light, I imagine. Its hard to understate how central X1 is to Comcast's strategy.
Verizon Said to Weigh More Media, Ad Deals Amid Yahoo Turmoil (Bloomberg)
New North Shore building project hints at possible office move for SAP (Pittsburgh Business Times)
SAP Fieldglass Caters to Mid-Market With New Fieldglass Flex Offering (ASUG News)
Tax accounting software firm Avalara prepares IPO: sources (Reuters)
Doesn't quite compete head-on with Vertex, but might in future.
LiquidHub Expands Data Management, Market Research and Analytics Capabilities with the Acquisition of Annik for Enhanced Data-Driven Customer Insights
Business Wire
LiquidHub Expands Data Management, Market Research and Analytics Capabilities with the Acquisition of Annik for Enhanced Data-Driven Customer Insights
Annik will expand the company’s global footprint and strengthen its existing data management and analytics solutions
December 15, 2016 10:30 AM Eastern Standard Time
PHILADELPHIA--(BUSINESS WIRE)--LiquidHub, a customer engagement company, today announced the acquisition of Annik, a global data management and analytics solutions firm that creates better customer experiences for brand name clients, including Microsoft, Netflix, HP, Nestle, and Vistaprint.
“It’s a great opportunity for us all at Annik to join forces with LiquidHub and together create a future re-imagining customer engagement.”
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With offices around the world, including India, Poland, China and the United States, Annik will expand LiquidHub’s geographical footprint and presence in high-tech markets. Combining Annik’s capabilities around data science and data management with LiquidHub’s expert team of innovators, designers, technologists, marketers, and strategists, this acquisition complements and enhances LiquidHub’s ability to create extremely valuable, and engaging customer experiences for our trusted client partners.
“As digital transformation continues to drive disruption and change, companies need better insights to transform their customer engagement strategies or they risk becoming irrelevant,” said Jonathan Brassington, CEO and co-founder of LiquidHub. “As we continue to re-imagine engagement by better understanding the people who matter most to our clients, the addition of Annik’s world-class capabilities in market research, data science, data analytics, and insights around customer behavior is critically important to LiquidHub’s rapid growth in this space.”
The acquisition of Annik will add 1,000 professionals to the LiquidHub team, including Rahul Sahgal, President and CEO, and Sandeep Bhatia, chief operating officer. Together, Sahgal, Bhatia, and other members of the Annik executive team bring decades of experience in delivering innovative and transformative digital solutions to global companies.
“LiquidHub has a long history of delivering exceptional customer engagement solutions for their clients and through the addition of Annik’s expertise we are uniquely qualified to solve our customers’ most challenging problems,” said Sahgal. “It’s a great opportunity for us all at Annik to join forces with LiquidHub and together create a future re-imagining customer engagement.”
For more information, please visit www.liquidhub.com.
About Annik
Established in 2000, Annik is a global leader in providing world-class data and analytics solutions that help businesses realize the full potential of their data assets. Using a global delivery model, Annik’s solution framework leverages considerable in-house data and process expertise leveraging its configurable workflow automation products. Annik has grown to over 1,000 employees located across 6 global locations.
About LiquidHub
LiquidHub is a customer engagement company that partners with businesses to improve customer experience and drive growth. Headquartered in Philadelphia, with operations in North America, Asia, and Europe, we serve companies globally, helping them solve their most complex challenges through design expertise and technology innovation. Our customer successes are the result of a culture rooted in thought leadership and delivery excellence. For more information about LiquidHub, please visit www.liquidhub.com or follow us on Twitter or LinkedIn.
Contacts
Brian Communications
Joey Lee
Direct: 484-385-2952
jlee@briancom.com
origin source: http://www.businesswire.com/news/home/20161215005820/en/
Links 12/15: Charter Communications’ stock jumps amid Verizon comments; FCC Chairman Tom Wheeler Exiting FCC Jan. 20
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Charter Communications’ stock jumps amid Verizon comments (NY Post)
FCC Chairman Tom Wheeler Exiting FCC
Will leave Jan. 20 (Multichannel News)
Rupert Murdoch’s Fox Is Back for the Rest of Sky (Fortune)
NBCUniversal, IOC Pact for Year-Round Linear Olympics Channel (Variety)
NBCU Says Nielsen's Total Content Ratings Aren't Ready for Primetime (Ad Age)
Comcast’s Xfinity Home Lights Up More Device Partners (Multichannel News)
Oracle earnings: 61 cents a share vs estimates of 60 cents (CNBC)
Oracle Slips: FYQ2 EPS Beats; Says Bigger Than Salesforce (Barron's Tech Trader Daily)
Why Embedded Analytics Will Change Everything (Information Week)
Radnor company [Freedom Pay] moving its HQ to Cira Centre South in Philadelphia (Philadelphia Business Journal)
Private Equity buyouts this week: Apple Leisure Group (Newtown Square) ; Phlexglobal (Malvern)
Tom Paine
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What's the largest business in relatively bucolic Newtown Square? SAP North America? Sunoco Logistics? Well, the next largest?
Its probably Apple Leisure Group, which the trade pub TravelPulse says is the leading seller of all-inclusive vacation packages in all of North America.
ALG was just sold, by Bain Capital. The buyers were also private equity firms, KKR and KSL Capital Partners. Terms weren't disclosed.
Bain paid $343.5 million for Apple Leisure, according to Moody’s (cited by Buyout), and is selling after owning it for almost four years.
Apple Leisure produced a $250 million dividend (presumably to Bain) in 2015.
 |
| ALG CEO Alejandro Zozaya |
ALG CEO Alejandro Zozaya founded resort sales, marketing, and brand management company AMResorts, in 2001. It focused mainly on owned Caribbean and Mexican resorts. It combined with Apple Vacations, founded in 1969, to form a vertically integrated travel management group. After Bain bought in, ALG expanded by acquiring online platform CheapCaribbean.com, and B2B tour operator Travel Impressions from American Express.
In June, Reuters reported that Bain was listening to offers for ALG, because of interest expressed by potential Chinese buyers. The sought-for valuation was reported to be in the $1.5 billion range, including debt.
The opening to Cuba could give an additional boost to ALG's business.
Travel Weekly reported in September that Apple Leisure Group was investing more than $50 million to upgrade its technology, including web pages, booking engines, access to flights and software programs.
Although ALG has thousands employed at its resorts, LinkedIn only shows it having a little more than 100 employees in Newtown Square.
Vitruvian Partners buys majority stake in Phlexglobal
Vitruvian Partners, a European private equity firm, has purchased a majority interest in Phlexglobal, a UK and Malvern-based life sciences cloud-based systems and services company. Previous majority investor Bridgepoint Development Capital (“BDC”) will exit the company with the sale.
The benefits of integrated, cloud-based eTMFs has led to life sciences companies switching over from old on-premise software.
Last year, Vitruvian also purchased a majority stake in CRF Health, also US (Plymouth Meeting) & UK-based, which creates electronic Clinical Outcome Assessment (eCOA) solutions which also go into clinical trial data collection. There could be a fit between the two down the road, one might think.
Comcast repair truck insists it only needs four cones on snowy road, & havoc ensues (update: Police say Comcast not at fault)
Tom Paine
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Subscribe in a readerHere's the story on
Comcast's reaction, from FierceCable.
Comcast not at fault in icy pileup, Indy police say (FierceCable)
Links 12/14: Uber self-driving cars hit streets of SF, until; Seating chart at Trump’s table of tech giant
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Uber’s launching self-driving cars for the San Francisco public today (VentureBeat)
Yesterday's "very soon" apparently meant today.
Uber Might Be Breaking California's Self-Driving Car Law (Fortune)
Uber ordered to stop self-driving vehicle service in San Francisco https://t.co/l2mNomPawO via @techcrunch
— tom paine (@phillytechnews) December 14, 2016
Uber says it’s reviewing incident of self-driving car running a red light https://t.co/On4KIrKmKf #mustreadblogs #feedly
— tom paine (@phillytechnews) December 15, 2016
The seating chart at Trump’s table of tech giants
(Quartz)
Hardly any easterners - no Brian Roberts.
Q&A: Healthcare IT to Enter an Intense Period of Innovation in Philly (Philadelphia Magazine)
Comcast sets focus on creating 'repeatable' content delivery model for content owners (FierceCable)
SAP Buys Attribution Software Company Abakus (AdExchanger)
Why a fast-growing Philadelphia tech company is getting a new name (Philadelphia Business Journal)
Links 12/13: Uber to put self-driving cars on SF roads 'very soon'; Newtown Square-based Apple Leisure Group changes PE owners
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Amazon Web Services expands to offer cloud IT services to big companies (GeekWire)
Cisco confirms it’s killing Intercloud public cloud in March 2017 (VentureBeat)
Uber to put self-driving cars on the road in SF 'very soon' (CNET)
So you got all the bugs worked out in Pittsburgh, huh?
Google's self-driving car project gets a new name: Waymo (AP via Philadelphia Inquirer)
Rumors Are Floating About A Cornerstone OnDemand Sale (ERE)
RS Energy Acquires Upstream Data Company, NavPort (Exploration & Production)
NavPort, based in Plymouth Meeting, was PACT's Technology Startup of the Year for 2016.
Apple Leisure Group Sold To KKR and KSL Capital Partners (TravelPulse)
Newtown Square-based Apple Leisure Group is "the leading seller of all-inclusive vacation packages in all of North America", says TravelPulse.
In Philly, Comcast Trumps Muni Broadband (Light Reading)
NBC to boost new Boston station signal (Boston Globe)
I guess Boston qualifies as a large market
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