SAP CEO on Qualtrics Acquisition, China, Brexit. (Bloomberg TV)



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Amazon: What can you say about AWS 2018 results? #AWS

Tom Paine




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  • Amazon Web Services (AWS) revenue grew 47% in 2018, to $25.7 billion. That's actually up from 43% growth in 2017, challenging assumptions for now that AWS was following the law of large numbers into a gradually declining growth rate.



  • AWS operating margins grew from 24.9% in 2017 to 28.7% in 2018, a neat trick that will be hard to repeat.




  • For the fourth quarter, Amazon North America delivered slightly more operating income than AWS - $2.25 billion to $2.18 billion.



  • AWS continued to expand its infrastructure in 2018 to best serve customers, launching the AWS GovCloud (US-East) and AWS Europe (Stockholm) Regions, and announcing plans for both the AWS Africa (Cape Town) as well as the AWS Europe (Milan) Regions.



  • Sorry, AWS will not be adding a Philadelphia region in 2019.



  • AWS introduced AWS Backup, a centralized backup service that enables businesses to back up their data across the AWS network and on-premises more efficiently



  • The remarkable thing is how AWS manages to get so many projects off the ground simultaneously.
    It implies a business structure that is flat, and not a central command and control structure.



  • Ellie Mae, Korean Air, Santander’s, Openbank, Pac-12, Mobileye, Guardian Life Insurance, Amgen and National Australia Bank were large new enterprise customers added during the year. The number of financial institutions mentioned is notable.



  • AWS' impact upon the computing industry is more extraordinary since most of customer spend is at the Infrastructure as a Service level rather than more value added apps that run on top of them. Yet at the same time AWS is gradually moving up the value chain.


A list of AWS 2018 enhancements is included in the Amazon Earnings Press Release .

Read Timothy Pickett Morgan's WHEN DOES AWS BREAK THROUGH $100 BILLION? for a look at AWS growth
scenarios.


at 10:58 PM 0 comments



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Envestnet and PIEtech Announce Partnership with Apprise Labs (Press Release)


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Envestnet and PIEtech Announce Partnership with Apprise Labs
Software companies collaborate on advanced tax, legacy and estate planning capabilities

Envestnet Logo
NEWS PROVIDED BY
Envestnet
Jan 30, 2019, 16:15 ET
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CHICAGO, Jan. 30, 2019 /PRNewswire/ -- Envestnet (NYSE: ENV) and PIEtech® have come together with Edmond Walters to form Apprise Labs, a new startup focused on building software to address estate planning, lifetime cash flow and client retirement needs. The next generation software will add detailed short-term cash flow and tax information to each firm's financial planning solutions, Envestnet Logix and MoneyGuide. The new add-ons will allow advisors to collaborate with clients through an interactive and rewarding user interface to plan for their family's unique legacy needs.

During their on-stage presentation at the T3 Advisor conference tomorrow, Envestnet CEO Jud Bergman, PIEtech co-CEO Bob Curtis and Apprise Labs founder Edmond Walters will unveil that the add-ons will provide advanced, cash flow-based tax and estate planning functionality. Clients using the MoneyGuide platform or the Logix tool will have access to more advanced and interactive estate planning options later in 2019.

"We are excited to be working with two of the most trusted names in the industry to develop a new collaborative financial planning tool that will empower advisors to provide a higher level of client service," said Jud Bergman, Chairman and CEO of Envestnet. "These new capabilities will use visual, interactive technology to help clients manage important financial decisions pertaining to home sales, retirement investments and assets, inheritance gifts, endowment contributions and more. This solution further advances Envestnet's mission of offering holistic financial wellness solutions that make people's lives easier."

Apprise Labs is led by Edmond Walters, the founder and former CEO of eMoney, a premier cash-based financial planning software. As a long-time developer of financial planning tools, Walters recognized a demand for more savvy software that advisors can use to guide their clients through complex decisions related to family finances and the transfer of wealth.

"This technology allows the advisor to show their value. The next generation of tools are going to enable both the advisor and clients to co-create and co-design their plans live and interactively," said Walters. "Whether you are showing a sale of a business, creating trusts for your spouse or gifting to charity or even setting up a private foundation, you should be able to see everything interactively working together. Both the cash flow and estate plan. Coupled with the advisor's case experience, this tool has the potential to provide enormous value to clients and prospects."

Key imbedded and fully integrated add-on features that will be available to users for each platform include:

Estate Planning: Client assets are displayed and broken down in one easy to understand portfolio dashboard.
Cash Flow: Advisors can compartmentalize cash flow by strategy or focus area, such as retirement savings, inheritance gifts, or endowment contributions.
Content Updates: Up-to-date information and content strategy from credible financial experts.
Snapshot: All expenses are tracked and displayed for the advisor to gain a holistic financial planning picture of each client.
"Engaging digital experiences are critical in our industry, as consumer technology raises the bar for seamless, on-demand client service. For over a decade, we have been constantly innovating and redesigning our software to bring a collaborative, goal-based planning experience to advisors and their clients. With this partnership, PIEtech is one step closer to fulfilling its mission of providing advisors with an interactive experience that addresses the intricacies of their clients' lives, from detailed short-term cash flow to estate and legacy planning," said Bob Curtis, co-CEO of PIEtech. "Legacy decisions can be one of the hardest subjects to approach with a client, and we're thrilled to provide advisors with leading technology that can showcase their planning in a dynamic, two-way conversation."

Advisors at the T3 Advisor Conference will be the first to see how in-person legacy conversations with clients can be more impactful with new technology developed by Apprise Labs for both Envestnet and MoneyGuide. Additional information about this new solution will be released at the Envestnet Advisor Summit in Austin, Texas from May 1-3, 2019.

About Envestnet
Envestnet, Inc. (NYSE: ENV) is a leading provider of intelligent systems for wealth management and financial wellness. Envestnet's unified technology empowers enterprises and advisors to more fully understand their clients and deliver actionable intelligence that drives better outcomes and improves lives.

Envestnet Wealth Solutions enables enterprises and advisors to better manage client outcomes and strengthen their practices through its leading Wealth Management Operating System and advanced portfolio solutions. Envestnet Tamarac provides portfolio management, reporting, trading, rebalancing and client portal solutions for registered independent advisors (RIAs). Envestnet Data & Analytics provides intelligent solutions that enable dynamic innovation through its Envestnet Yodlee platform.

More than 3,500 enterprises and over 92,000 advisors including: 15 of the 20 largest U.S. banks, 43 of the 50 largest wealth management and brokerage firms, over 500 of the largest Registered Investment Advisors, and hundreds of Internet services companies leverage Envestnet technology and services.

For more information on Envestnet, please visit www.envestnet.com and follow @ENVintel.

About Apprise Labs
Apprise Labs is a newly founded startup located in the suburbs of Philadelphia, PA. Our goal is to provide innovative and collaborative presentation tools for financial advisors to use alongside their clients. Apprise Labs' software addresses estate planning, lifetime cash flow and client retirement needs.

About PIEtech
PIEtech is the creator of MoneyGuide, a financial planning platform tailored to meet the needs of individual advisors. Headquartered in Powhatan, VA, PIEtech is focused on helping more Americans control their financial future and security by planning for it. For more information on MoneyGuide's powerful planning solutions, visit www.moneyguidepro.com.

Envestnet contact:
Weber Shandwick
Katie Fitzpatrick
952-346-6011
kfitzpatrick@webershandwick.com

Apprise Labs contact:
Kristine Walters
KristineW@appriselabs.com

PIEtech contact:
FiComm Partners
Jessica Torchia
908-872-7319
jessica.torchia@ficommpartners.com

SOURCE Envestnet

Related Links

http://www.envestnet.com

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DEC 10, 2018, 09:00 ET
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AUG 21, 2018, 09:00 ET
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at 1:16 PM 0 comments

eMoney founder Walters will lead new competitor (Update) #fintech #appriselabs

Tom Paine




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Edmond Walters / LinkedIn


Edmond Walters, founder of eMoney Advisor, the Radnor-based financial planning software firm that Fidelity acquired four years ago, is back in the business with a startup that will compete against his old firm.

Walters sold eMoney to Fidelity in 2015 for $250 million.

Apprise Labss was introduced today at the T3 Advisor Conference in Dallas. The company is backed by Walters and two of eMoney's biggest rivals: Envestnet and PIEtech.

"This technology allows the advisor to show their value. The next generation of tools are going to enable both the advisor and clients to co-create and co-design their plans live and interactively" Walters said in a statement.

eMoney has grown considerably since the Fidelity buyout, and is among the largest tech employers in the region.

PIETech runs the MoneyGuide suite of products, while Envestnet runs Logix. But they are missing the financial planning capabilities of eMoney.

Walters is now free of non-compete restrictions, but one can only imagine a thicket of legal issues that his competing against eMoney might create.

A press release says that Apprise Labs is located in the suburbs of Philadelphia ,

A full rollout of Apprise Labs' new software will take place later in 2019.



Update: From a phone discussion with Apprise Labs:


Apprise Labs is currently located in Berwyn.

Apprise's software has been in development since July 2018.

They employ 11 people right now. However, they say that they're are always looking for more talent and would be interested in Software Engineers and Senior UX/UI Designers (email: careers@appriselabs.com).

Apprise is privately held and funded by Edmond Walters, PIETECH and Envestnet(33% equity each).






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Busy MissionOG co-leads two fintech deals

Tom Paine




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Philly-based VC firm MissionOG has been busy recently, announcing two new fintech investments in the new year:



  • Co-led with Insight Venture Partners a £25m funding round for Featurespace , a UK-headquartered developer of analytics software for use in fraud detection and risk management.

    Featurespace board member Mike Lynch, who faces criminal charges in the UK for accounting issues at Autonomy (acquired by what was then HP), stepped down from the board.





MissionOG Fund II, announced on Sep 6, 2018, raised a total of $61M.


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Philly EnterpriseTech Highlights 1/29: SAP restructuring, Walmart in deal with Fanatics, USA Technologies CFO steps down



















































































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Richard Vague on Smeconish (CNN) discusses Presidential exploration



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SAP Announces Preliminary Fourth Quarter and Full Year 2018 Results


SAP Announces Preliminary Fourth Quarter and Full Year 2018 Results

January 29, 2019 by SAP News

SAP Hits or Exceeds All Raised Outlook Metrics
Targets More Than 3x Cloud Revenue by 2023

Cloud Subscription and Support Revenue Up 32% (IFRS) and Up 38% (Non-IFRS at Constant Currencies)
in FY 2018
Cloud Backlog Increased 30%, Exceeding €10 Billion at Year-End
Cloud and Software Revenue Up 5% (IFRS) and Up 10% (Non-IFRS at Constant Currencies) in FY 2018
Cloud and Software Order Entry Exceeds €10 Billion, Up 14% at Constant Currencies in FY 2018
Operating Profit Up 17% (IFRS) and Up 10% (Non-IFRS at Constant Currencies) in FY 2018
Guiding for Up to 39% Non-IFRS Cloud Subscription and Support Revenue Growth and Up to 10% Non-IFRS Cloud and Software Revenue Growth in 2019 at Constant Currencies
Guiding for Up to 11.5% Non-IFRS Operating Profit Growth in 2019 at Constant Currencies – Faster Than Total Revenue Growth
Targeting More Than €35 Billion in Total Revenue by 2023
Walldorf, Germany — SAP SE (NYSE: SAP) today announced its preliminary financial results for the fourth quarter ended December 31, 2018.

SAP Earnings Q4-2018

Read the Q4 2018 Quarterly Statement

Tags: Earnings, Investor Relations, sap earnings, SAP Investor Relations
More in Investor Relations




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Philly Enterprise Bits 1/26: SAP, LiquidHub (Capgemini), Dell Boomi, roundCorner (Salesforce), Termaxia




Several recent SAP items:











  • SAP and Google teamed up on two different initiatives: a new contest to find entrepreneurs with viable, revenue-generating business plans that promote sustainable consumption and production, and SAP National Security Services (SAP NS2) partnering with Google Cloud.











French-based global consultancy Capgemini acquired Wayne-based LiquidHub for $500 million in March. LiquidHub was to be a leading component of a digital transformation group within Capgemini, a trend at many major system integrators.

In September, Capgemini launched "Capgemini Invent" , which "combines market leading expertise in strategy, technology, data science and creative design, to help CxOs envision and build what’s next for their businesses", Capgemini said. The transition for
LiquidHub within the new group is going well, I hear. Jonathan Brassington, co-founder and CEO of LiquidHub, is Head of Capgemini Invent NA.





New system implementations' most critical path is often the integration of different Cloud and legacy systems. iPaaS (intergrated Platform as a Service) has played a key role in lowering implementation costs, thus speeding the migration to the Cloud or hybrid Clouds.

A Forrester study (commissioned by Dell Boomi) looked at six Dell Boomi customers across multiple industries to determine the scale and the extent of cost savings from a switch to the cloud. Forrester estimates that the Dell Boomi platform allows IT staff to complete integrations 70 per cent faster than with legacy software.




roundCorner, the Villanova-based software firm for non-profits, foundations, and educational institutions, has been acquired by Salesforce.org , it was announced on Monday.

roundCorner offers cloud-based SaaS CRM solutions built on the Salesforce platform and designed specifically for non-profits and higher ed institutions. Major customers include Girl Scouts, City Year, American Red Cross, Skoll Foundation and ASPCA. Salesforce.org is a non-profit arm of Salesforce (CRM).

roundCorner received a Series A round in 2013 lead by Salesforce Ventures , with the amount not disclosed. It appears there was an earlier seed round, , in which Boston-based CPD , a collaborative fundraising service for public media stations, participated.

roundCorner's relationship to Salesforce has been difficult to ascertain at times, though this acquisition certainly clarifies things. A 2016 statement indicated that Salesforce,org would no longer be directly selling and servicing roundCorner products .

Meanwhile, co-founder and CEO Dan Lamont departed late last year and put a shingle out for a new venture, Threshold World .

Constellation Research provided more insight into the deal .



Philadelphia-based Storage startup Termaxia claims it has pilots and production deployments in place for its petabyte-scale appliance that provides continuous availability without a cache. One of its co-founders, Professor Boon Thau Loo, is an award-winning professor at the University of Pennsylvania.






at 6:12 PM 0 comments

NBCUniversal Announces Direct to Consumer Streaming Service (Press Release)


Jan 14, 2019
CORPORATE
NBCUniversal Announces Direct to Consumer Streaming Service
NEW YORK, NY

The new ad-supported streaming service will be led by Bonnie Hammer. Mark Lazarus adds oversight of the Cable Entertainment portfolio, NBC News, MSNBC and CNBC. Jeff Shell’s role expands to include NBC Entertainment, international and Telemundo. Donna Langley promoted to Chairman, Universal Filmed Entertainment Group.

NBCUniversal announced today the planned launch of a new streaming service providing consumers access to world-class premium content for free, with valuable partnership opportunities for advertisers and distributors. The service, which will launch in early 2020, will be led by Bonnie Hammer, who has been promoted to Chairman, Direct-to-Consumer and Digital Enterprises for NBCUniversal.

This innovative new service will draw on NBCUniversal’s large content library, as well as its broad reach of over 90 million U.S. households, plus Comcast and Sky’s leading technology platforms. It will feature some of the world’s most popular television and film franchises, including homegrown original programming as well as content from outside partners.

The ad-supported service will be available at no cost to NBCUniversal’s pay TV subscribers in the U.S. and major international markets. Comcast Cable and Sky will provide the service to their 52 million subscribers. An ad-free version will also be available for a fee. Additionally, non-pay TV customers can purchase a subscription to the service. Consistent with the company’s long-standing strategy to distribute its content broadly, NBCUniversal will continue to license content to other studios and platforms, while retaining rights to certain titles for its new service.

Hammer will build a team that will include key executives from Sky’s OTT offering, NOW TV, and throughout NBCUniversal. In addition, NBCUniversal’s Digital Enterprises group, led by Maggie Suniewick, will move into Hammer’s consolidated digital group.

“NBCUniversal has some of the world’s most valuable intellectual property and top talent, both in front of and behind the camera. Many of the most-watched shows on today’s popular streaming platforms come from NBCUniversal. Our new service will be different than those presently in the market and it will be built on the company’s strengths, with NBCUniversal’s great content and the technology expertise, broad scale and the wide distribution of Comcast Cable and Sky,” said Steve Burke, CEO, NBCUniversal.

He added, “People are watching premium content more than ever, but they want more flexibility and value. NBCUniversal is perfectly positioned to offer a variety of choices, due to our deep relationships with advertisers and distribution partners, as well as our data-targeting capabilities. Advertising continues to be a major part of the entertainment ecosystem and we believe that a streaming service, with limited and personalized ads, will provide a great consumer experience.”

As Chairman, NBCUniversal Cable Entertainment and Cable Studios, Hammer has had executive oversight of leading media brands USA Network, SYFY, Bravo, Oxygen, E! Entertainment and Universal Kids. She oversaw two Hollywood studios, UCP and Wilshire Studios. UCP is one of the industry’s fastest-growing studios, working with top Hollywood creative talent to develop and produce content for linear channels and digital streaming services including Netflix, Amazon and Hulu. In 2018, Hammer led her portfolio to its 15th consecutive year of growth in both profit and revenue. Hammer serves on the Board of Directors of eBay and IAC/InteractiveCorp.

Separately, Burke announced a reorganization of his senior leadership team, which will align its content businesses under two executives, Mark Lazarus and Jeff Shell.

Lazarus has been named Chairman, NBCUniversal Broadcast, Cable, Sports and News, and will assume responsibility for most of the company’s East Coast-based content businesses, including the cable entertainment portfolio, NBC News, MSNBC and CNBC. In addition, Lazarus will continue to oversee the NBC Sports Group, NBCUniversal Owned Television Stations and NBC Affiliate Relations.

Since joining the Company in 2011, Lazarus has overseen NBC Sports and added oversight of Broadcast for NBC in 2016. Under his leadership, the company has forged new deals with the Olympics, NFL, NASCAR, the Premier League and the NHL, among many other partnerships. In addition, Sunday Night Football has been primetime’s number one show for a record of eight consecutive years. Prior to joining NBCUniversal, Lazarus was President of Media and Marketing at CSE and President of Turner Entertainment Group.

Shell has been named Chairman, NBCUniversal Film and Entertainment, adding NBC Entertainment to his purview. He will continue to oversee film and will also now be responsible for NBCUniversal’s international division and Telemundo.

Shell most recently served as Chairman of Universal Filmed Entertainment Group (UFEG), overseeing all divisions of the global film operations, as well as DreamWorks Animation, Fandango and Brand Development. He was previously Chairman of NBCUniversal International and President of Comcast Programming Group. Since Shell joined UFEG in 2013, the studio celebrated four years of record profit — and the two most profitable years in the studio’s 107-year history.

Our new service will be different than those presently in the market and it will be built on the company’s strengths, with NBCUniversal’s great content and the technology expertise, broad scale and the wide distribution of Comcast Cable and Sky.
STEVE BURKE

CEO, NBCUniversal
As part of the reorganization, Donna Langley has been promoted to become sole Chairman, Universal Filmed Entertainment Group, including the addition of Global Theatrical Distribution and Home Entertainment. As Chairman of Universal Pictures since 2013, Langley oversaw all aspects of the studio’s production and marketing operations worldwide, including Focus Features and DreamWorks Animation. Under her leadership, Universal has expanded and reinvigorated some of its biggest and most profitable homegrown franchises including Fast & Furious, Jurassic World, Pitch Perfect, Illumination’s Despicable Me as well as Fifty Shades, Ride Along and The Purge.

Hammer, Lazarus and Shell will continue to report directly to Burke. Langley continues to report to Shell.

Burke’s direct reports will continue to include Vice Chairman Ron Meyer, Tom Williams (Parks), Anand Kini (CFO), Linda Yaccarino (Ad Sales), Matt Bond (Content Distribution), Kimberley Harris (General Counsel), Adam Miller (Communications and HR), Craig Robinson (Diversity) and Kathy Kelly-Brown (Symphony).

“We are very fortunate to have great executives who are ready to do more. Bonnie, Mark, Jeff and Donna have proven track records that speak for themselves. As importantly, they embody the team-oriented culture that has become a hallmark of NBCUniversal,” said Burke.


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