A few tidbits

"Morgantown is the next Exton, Malvern, and King of Prussia", says Glenn Porter, a manager at software services provider LMC Software Solutions, according to the Inquirer. LMC recently received VC funding and moved from Chester County to Morgantown. Where in the heck is Morgantown, you ask? (Actually, its in Berks County).
Philly-based Urban Outfitters reported a same store year-to-year sales increase of 11%, which is rather remarkable though admittedly coming off a bit of a down year. Urban Outfitter's direct-to-consumer channel (its eCommerce business) grew 42% and is now running at $86 million a quarter.
The reported problems and shutdown of J&J's McNeil Lab's Fort Washington plant may have a human origin, but could it also raise question about the production and quality control software systems used there, I wonder?
Chester-based sales comp software vendor Synygy has announced it is opening new sales offices in the UK (to serve the EMEA market) and Singapore (to serve Asia).
Retailer Wireless Giant has opened a new store at Philadelphia International Airport featuring BlackBerry devices, software and services.


Internet Capital Group ups stake in ICG Commerce

Internet Capital Group has increased its stake in ICG Commerce of King of Prussia from 64% to 76% by spending $35.3 million to acquire shares from another investor. ICG intends to acquire the additional 5% of the company owned by non-management investors. The deal would appear to value ICG Commerce at around $300 million.
ICG Commerce specializes in procurement outsourcing, helping large clients manage their "spend function". The company reported revenue growth of 28% in 2009.

Press Release


Daily Links 5/6/2010: FCC decides on "third way" to regulate broadband; Comcast "disappointed".

How the FCC Plans to Regulate Internet Lines (Wall Street Journal: Digits)

FCC statement on 'third way' for broadband (CNET News)

Comcast “Disappointed” With FCC Move To Reclassify Broadband
(Barron's: Tech Trader Daily)

Clearwire May Dump WiMAX (GigaOM)

Clearwire Reports Strong First Quarter 2010 Results (Business Wire)

SunGard Announces First Quarter 2010 Results (Business Wire)

Safeguard Scientifics Announces First Quarter 2010 Financial Results (Business Wire)

Heartland Payment Systems Reports First Quarter Results (Business Wire)

Kulicke & Soffa Industries, Inc. Reports Results for its Second Fiscal Quarter 2010 (Business Wire)
CEO Scott Kulicke cites "current, unprecedented demand for semiconductor assembly capacity".

International Battery Closes Series C Financing Round (Business Wire)

Hasso on Hasso (ZDNet Blogs)
Interesting, amusing "self-interview" by SAP co-founder Hasso Plattner in advance of SAPPHIRE presentation.

Kaplan EduNeering and ProtonMedia Announce Alliance
Partnership to combine Kaplan’s online compliance and knowledge solutions with ProtonMedia’s leading 3-D virtual environment, ProtoSphere, to help life sciences companies speed collaborative decision-making while meeting regulatory requirements
(Business Wire)


DreamIt Ventures Kicks Off 2010 Program on May 7 (Business Wire)

Introducing Motorola Medios, Part One (Motorola Blog: Media Experieces 2 Go)

Dockers Holds Pitch but Awards Digital Creative to None of the Contenders
Levi Strauss Brand Shifts Digital Buying From Razorfish to OMD
(Ad Age)
GSI Commerce's agency to play a role.

DormNoise rounds up $500k Series A funding (Mass High Tech)
DormNoise was founded by 21-year-old University of Pennsylvania junior Jay Rodrigues, though the company is now based in Cranston, RI.




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FCC to reclassify portions of broadband to assert authority over Internet access

Genachowski to reclassify portions of broadband to assert FCC authority over Internet access (Washington Post: Post Tech)
Seems like a quick turnabout from a few days ago, but not quite sure what it means or whether the FCC will have the legal power to enforce it.


Daily Links 5/5/2010: IBM and NetSuite connect with Cast Iron

Google Ups Its TV Bet, Invests In Invidi (All Things Digital: MediaMemo)
Invidi was headquartered in Princeton and still has significant operations there, although the official headquarters has apparently been moved to New York.
Inside Google's Invidi TV Advertising Deal (MediaPost: Around the Net in Online Media)

Five Cities Get Free Civic Apps Through Code for America (Mashable)
Philadelphia is one of the five.

IBM and NetSuite connect with Cast Iron (ZDNet Blogs)
Important read.

SAP delays local ByDesign cloud offering launch (The Australian)

Sysco Has Selected SAP to Help Transform Its Business (PR Newswire)

Vishay Reports Results for First Quarter 2010 (Business Wire)
Vishay Shares Slip As Q1 Revs Miss; Says Spin-Off On Track (Barron's: Tech Trader Daily)

BioClinica Announces First Quarter 2010 Financial Results (Business Wire)

USA Technologies, Inc. Commences $3 Million Public Offering (Business Wire)

Cable Show 2010: Motorola Touts 'Medios' Software, VOD Servers
Vendor to Showcase Media-Delivery Platform, On-Demand Servers
(Multichanel News)

More 4G in More Places, Says Clearwire (GigaOM)


Comcast: Reports Confirm Benefits Of NBCU Deal
Company says merger would have lack of adverse impact on online video distribution
(Broadcasting & Cable)

Cable Gets Its Wrist Slapped For Pretending To Offer Fiber
Better Business Bureau says Cox, Time Warner Cable ads mislead consumers
(Broadband Reports)




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Daily Links 5/4/2010: Report blames IT staff for school Webcam 'spying'

Checkpoint Systems, Inc. Announces First Quarter 2010 Results (Business Wire)

FCC likely to hire outsider to oversee NBC-Comcast review (The Hill: Hillicon Valley)

Report blames IT staff for school Webcam 'spying' mess (Computerworld)

SunGard Launches Cliq, a SaaS Solution for Derivatives Post-Trade Processing (PR Web)

Commentary on IBM WebSphere – Cast Iron Deal (The Boomi Blog)

LMC Software Solutions Awarded Ben Franklin Technology Partners Funding (PR Newswire)

Startup Wants to Be R Alternative to IBM, SAS
(IDG via New York Times)

Comcast Does 3G In Beantown, With WiMax In The Wings
MSO's High-Speed 2go Initially Available Only via Sprint's 3G Wireless Network
(Multichannel News)

Kenexa Announces Financial Results for First Quarter 2010 (Business Wire)

New Kenexa 2xTM Platform Drives Business Transformation (Marketwire)

Intelligroup® Q1 Revenue Increased 8.7% to $33.5 Million, Net Income Rose 159% to $2.0 Million and EPS Rose 165% to $0.05
(Business Wire)

Ulticom says 1Q sales lower than expected (Philadelphia Inquirer)

Technitrol shares dive after 1Q loss
(Associated Press via Forbes)




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Daily Links 5/3/2010: FCC Chairman Genachowski leaning towards leaving broadband services deregulated

Philadelphia competes for tech expertise (WHYY)

FCC Chairman Genachowski expected to leave broadband services deregulated (Washington Post)

e-Dialog Acquires Database Marketing Solutions Provider MBS (Business Wire)
e-Dialog is a division of GSI Commerce.

IBM Advances Cloud Initiatives With Acquisition of Cast Iron Systems (PR Newswire)
One of Cast Iron's major competitors is Boomi of Berwyn, which I imagine has a few suitors of its own.
IBM to build out hub for cloud of clouds with Cast Iron acquisition (ZDNet Blogs)
With a few words from Boomi.


SAP, Waste Management Settle Lawsuit (PC World)


Verizon Mum On How They Determine A City's Worthy Of FiOS
Baltimore holds hearing to (unsuccessfully) find out why they were overlooked
(Broadband Reports)

SPRINT, CLEAR SERVICE NOW AVAILABLE IN CENTRAL PENNSYLVANIA (Going WiMax)

USA Technologies, Inc. Announces Third Quarter Fiscal 2010 Financial Results (Business Wire)

Apriva Challenges USA Technologies in Cashless-Vending Market
(Digital Transactions)

Germany's Software AG says 1Q net profit up 9 pct (Associated Press via MSnbc)

Technitrol Reports Q110 Results; Dividend Declared (Business Wire)




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Philly Tech People News 5/2/2010

Veeva Systems Expands Leadership Team
Addition of Vice President of Europe and Chief Financial Officer Marks Important Expansion Milestone
(Business Wire)
Though based in California, Veeva handles much of its sales & marketing out of the Philadelphia
area.

ICG Commerce Appoints Joseph Waterman Chief Financial Officer (Globe Newswire via MarketWatch)
Perhaps another sign that ICG Commerce may consider an IPO, as previously mentioned here.

Lockheed Martin Unit to Honor Superlative Employees in New Jersey and Georgia (Marketwire)


Report from Health Information Technology in Massachusetts
(O'Reilly Radar)

A glimpse of coming air-traffic technology (Philadelphia Inquirer)


Daily Links 4/30/2010: Former Newsweek President Osberg To Head Up Philly Papers

Budget cuts likely in wake of Philly news auction (Associated Press via
Google News)

Papers' new publisher, CEO to push digital content (Philadelphia Daily News)
Former Newsweek President Osberg To Head Up Philly Papers (paidContent)

In farewell, Digital Chief Saridakis attacks pay wall strategy, saying: 'Industry going about it all wrong' (Gannett Blog)

Health IT funding to create 50,000 jobs
Sixty regional IT help centers will help health care facilities implement electronic medical records
(Computerworld)

Recession hits project management software sales
Market growth dented by 'spending uncertainties', reports Gartner
(V3.co.uk)

An SAP-HP Partnership Coming In Mobile Enterprise Apps? (Sramana Mitra on Strategy)

Life Sciences Dominate at Wharton Competition (New York Times:
You're the Boss Blog)

People Start To Realize The Broadband Plan Has a Broadband Tax
Though it remains unclear how much it will be...
(Broadband Reports)

Bill Gates visits Science Leadership Academy (Philadelphia Inquirer)

Quarterly Earnings Highlights (Media Experiences 2 Go/Motorola Corporate Blog)

Google reportedly preparing to intro TV software next month (Ars Technica)




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