Sony and InterDigital Team to Launch Machine-to-Machine Focused Joint Venture Called Convida Wireless

January 03, 2013 08:30 AM Eastern Time
Sony and InterDigital Team to Launch Machine-to-Machine Focused Joint Venture Called Convida Wireless

NEW YORK & WILMINGTON, Del.--(BUSINESS WIRE)--InterDigital, Inc. (NASDAQ: IDCC) and Sony Corporation of America (NYSE: SNE) today announced the launch of a joint venture to combine Sony’s consumer electronics expertise with InterDigital’s pioneering wireless machine-to-machine (M2M) and bandwidth management research. The joint venture, called Convida Wireless, will focus on driving new research in the growing field of M2M wireless communications and other connectivity areas.

“Mobile is one of Sony’s core businesses, and this joint venture will help us strengthen our foundation in this important area, focusing specifically on machine-to-machine wireless technologies. Given the pioneering efforts of InterDigital’s engineers in this growing field, we can’t think of a better partner”
Convida Wireless represents a new collaboration between Sony, a longtime technology leader, and InterDigital Solutions, a unit announced in October by InterDigital that explores new engagement models with industry players. Based on the terms of the agreement, the parties will contribute funding and resources for additional M2M research and platform development, which will be carried out by InterDigital Solutions. Stephens Capital Partners LLC, the principal investing affiliate of Stephens Inc., a full service investment banking firm headquartered in Little Rock, Arkansas, will be a minority investor in Convida Wireless. The agreement also includes a patent license from InterDigital for Sony’s 3G and 4G products.

“Mobile is one of Sony’s core businesses, and this joint venture will help us strengthen our foundation in this important area, focusing specifically on machine-to-machine wireless technologies. Given the pioneering efforts of InterDigital’s engineers in this growing field, we can’t think of a better partner,” said Toshimoto Mitomo, Executive Vice President of Entrepreneurship and Innovation, Sony Corporation of America. “Moreover, in a market that is by its very nature collaborative, we expect Convida Wireless to be a platform for additional industry collaboration.”

InterDigital’s current M2M research includes an M2M services delivery platform, standards leadership with the European Telecommunications Standards Institute (ETSI), and other areas of research. Recently, InterDigital technology powered a nine-vendor demonstration of standards-based M2M technology at the 3rd ETSI TC M2M Workshop in Mandelieu, France. InterDigital’s M2M technology has been integrated into the trial platforms of various market participants, including BUTLER, Intecs, Intel Corporation, Kontron, Mformation, Radisys, Sensinode, and others.

“We’re honored to partner with Sony, a company that is synonymous with so many advances in consumer technology, and to contribute our expertise in core wireless research. InterDigital’s research efforts in M2M are mature, and have from the start been focused on creating a standards-based framework to benefit all companies in the wireless space – operators, device makers and others. We believe that collaborating with Sony through Convida Wireless will bring those efforts to the next level,” said William J. Merritt, President and CEO of InterDigital.

About InterDigital®

InterDigital develops fundamental wireless technologies that are at the core of mobile devices, networks, and services worldwide. We solve many of the industry's most critical and complex technical challenges, inventing solutions for more efficient broadband networks and a richer multimedia experience years ahead of market deployment. InterDigital has licenses and strategic relationships with many of the world's leading wireless companies. Founded in 1972, InterDigital is listed on NASDAQ and is included in the S&P MidCap 400® index. InterDigital is a registered trademark of InterDigital, Inc. For more information, visit: www.interdigital.com.

About Sony Corporation of America

Sony Corporation of America, based in New York, NY, is the U.S. subsidiary of Sony Corporation, headquartered in Tokyo, Japan. Sony Corporation is a leading manufacturer of audio, video, communications, and information technology products for the consumer and professional markets. Its motion picture, television, computer entertainment, music and online businesses make Sony one of the most comprehensive entertainment and technology companies in the world. Sony's principal U.S. businesses include Sony Electronics Inc., Sony Computer Entertainment America LLC, Sony Pictures Entertainment Inc., and Sony Music Entertainment. Sony recorded consolidated annual sales of approximately $79 billion for the fiscal year ended March 31, 2012, and it employs 162,700 people worldwide.

About Stephens Capital Partners LLC

Stephens Capital Partners LLC is the principal investing affiliate of Stephens Inc., a full service investment banking firm headquartered in Little Rock, Arkansas, which maintains offices in Conway, Hot Springs and Fayetteville, Arkansas and outside Arkansas in Atlanta, Austin, Baton Rouge, Boston, Charlotte, Chicago, Columbia, Dallas, Houston, Jackson, Memphis, Nashville, New Haven, New York City, Oklahoma City, Richmond, St. Petersburg, Washington, D.C. and London. For more information, please visit www.stephens.com

Forward-Looking Statements

This news release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. For these purposes, forward-looking statements are statements concerning our current beliefs, plans and expectations. Examples of these statements include, but are not limited to, statements regarding the focus of the joint venture, Sony’s expectation for the joint venture to be a platform for additional industry collaboration and InterDigital’s belief about the effect of the joint venture on InterDigital’s research efforts in M2M. Actual results may differ materially from those indicated in forward-looking statements as a result of various important factors, including but not limited to the activities and success of the joint venture. We undertake no duty to update publicly any forward-looking statement, whether as a result of new information, future events or otherwise, except as may be required by applicable law, regulation or other competent legal authority.

Triple Point Technology Acquires WAM Systems Adds Advanced Supply Chain Planning and Optimization Solution Suite for Profitable Management of Commodity Value Chains

January 03, 2013 03:00 ET
Triple Point Technology Acquires WAM Systems
Adds Advanced Supply Chain Planning and Optimization Solution Suite for Profitable Management of Commodity Value Chains
WESTPORT, CT--(Marketwire - Jan 3, 2013) - Triple Point Technology, the leading global provider of cloud and on-premise Commodity Management software, announced today it has acquired WAM Systems. WAM is the premier provider of supply chain planning and optimization solutions for process manufacturing industries including oil and gas, polymers, CPG, food and beverage, pharmaceuticals, and chemicals.
Companies are experiencing dramatic increases in business risk and downward pressure on margins due to the unprecedented complexity and volatility of today's global economy. The need for visibility and optimization across all elements of a value chain has never been greater. The WAM Systems acquisition singularly positions Triple Point to immediately deliver comprehensive planning and optimization solutions to profitably manage commodity risk, material procurement, demand planning, finished goods forecasting, and sales and operations planning.
"The next big leap forward in managing commodity value chains is the use of real-time, market-based costs in enterprise plans," said Peter F. Armstrong, CEO and president, Triple Point. "As Gartner mentioned in its 2012 predictions report, organizations can have efficient supply chains, but if they can't effectively manage volatile commodity costs, their bottom line results will be subject to the vagaries of the market. Through the acquisition of WAM, Triple Point is uniquely positioned to help businesses navigate the volatile and complex markets in which they operate."
WAM has an established track record of deploying its supply chain solutions across a wide variety of process manufacturing industries. The company's planning and optimization products are used by organizations around the globe. Notable customers include Indian Oil, LyondellBasell, PetroChina, PTT Global Chemical, Sasol Oil, Saudi Aramco, and Solvay.
Triple Point and WAM's complementary customer bases, market focus, and product synergies create substantial opportunities for accelerated growth in combined market share, revenue, and profit. The outstanding financial performance of WAM -- in terms of strong revenue growth, healthy profit margins, and a solid balance sheet -- underscores the suitability and attractiveness of the transaction for both companies' shareholders, employees, and customers.
All WAM employees have joined Triple Point, and WAM's three co-founders, including CEO Jack Weiss, will take key leadership roles. The WAM executive team will be instrumental in integrating the companies' product portfolios, driving product advancement, and accelerating customer adoption of the solution set.
"Integrating with a larger, successful organization like Triple Point gives WAM the immediate resources and reach to accomplish its goals of continued growth and support of new and existing customers," said Weiss. "This is an exciting time for manufacturing industries, and becoming part of Triple Point is the perfect next step."
About Triple Point Technology
Triple Point Technology® is the leading global provider of cloud and on-premise Commodity Management software that delivers advanced analytics for optimizing end-to-end commodity and energy value chains. The company provides innovative solutions for managing all aspects of volatile commodity supply chains: trading, procurement, enterprise risk management, logistics, scheduling, storage/inventory, processing, settlement, and accounting. Over 400 customers in 35+ countries across industries including energy, metals, minerals, chemicals, agriculture, shipping, consumer products, food and beverage, retail, and manufacturing depend on Triple Point solutions. Triple Point was named a "Leader" in Gartner's ETRM Magic Quadrant in 2009, 2010, 2011, and 2012. The company employs over 850 staff in 15 offices and support centers worldwide. www.tpt.com

Daily Links 1/3/2012: WAM Systems acquired by Connecticut firm; InterDigital in M2M joint venture with Sony

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Google and FTC Get Their Deal: Company Cleared on Search Bias Claims (All Things D)

The Federal Trade Commission closes its antitrust review (Official Google Blog)

Triple Point Technology Acquires WAM Systems
Adds Advanced Supply Chain Planning and Optimization Solution Suite for Profitable Management of Commodity Value Chains (Marketwire)
WAM Systems is based in Plymouth Meeting. Ben Franklin Technology Partners and Edison Ventures were among its investors.

Sony and InterDigital Team to Launch Machine-to-Machine Focused Joint Venture Called Convida Wireless (Business Wire)

InterDigital calls for sales ban against Samsung, Nokia, others (CNET News)

Duane Morris opens Silicon Valley office in Palo Alto (Philadelphia Business Journal)

CES: Zeebox to Add Content Recognition to Second-Screen Apps
(Multichannel News)

How SAP and cities are boosting innovation through open data (GreenBiz.com)

Avanade sued over alleged ERP project failure (Computerworld)




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InterDigital Files New Complaint Against Huawei, Nokia, Samsung and ZTE with U.S. International Trade Commission

January 02, 2013 11:24 AM Eastern Time
InterDigital Files New Complaint Against Huawei, Nokia, Samsung and ZTE with U.S. International Trade Commission

Company Seeks Importation Ban for 3G and 4G Wireless Products that Infringe on U.S. Patents

WILMINGTON, Del.--(BUSINESS WIRE)--InterDigital, Inc. (NASDAQ: IDCC) today announced that its wholly owned subsidiaries InterDigital Communications, Inc., InterDigital Technology Corporation, IPR Licensing, Inc. and InterDigital Holdings, Inc. (collectively, “InterDigital”) filed a complaint with the U.S. International Trade Commission (“USITC”) against Huawei Technologies Co., Ltd., Futurewei Technologies, Inc. d/b/a Huawei Technologies (USA), Huawei Device USA, Inc., Nokia Corporation, Nokia, Inc., Samsung Electronics Company, Ltd., Samsung Electronics America, Inc., Samsung Telecommunications America, LLC, ZTE Corporation and ZTE (USA), Inc. (collectively, “Respondents”) alleging that they engaged in unfair trade practices by selling for importation into the United States, importing into the United States and/or selling after importation into the United States certain 3G and 4G wireless devices (including WCDMA-, cdma2000- and LTE-capable mobile phones, USB sticks, mobile hotspots, laptop computers and tablets, and components of such devices) that infringe up to seven of InterDigital’s U.S. patents (the “Asserted Patents”). The action also extends to certain WCDMA and cdma2000 devices incorporating WiFi functionality.

“Wireless technology continues to advance at tremendous speed based on the contributions that InterDigital and others have made to core connectivity technology. For InterDigital, that effort represents roughly one billion dollars of research and development involving hundreds of wireless engineers over decades. While the vast majority of our dozens of licensees recognize our contributions and choose to license our portfolio based on discussions alone, in some cases we’re forced to resort to legal action,” said Lawrence F. Shay, President of InterDigital’s patent holding subsidiaries.

InterDigital’s complaint with the USITC seeks an exclusion order that would bar from entry into the United States infringing 3G or 4G wireless devices (and components), including LTE devices, that are imported by or on behalf of Respondents, and also seeks a cease and desist order to bar further sales of infringing products that have already been imported into the United States. Under its rules, the USITC has thirty days from the filing of the complaint to decide whether to formally institute an investigation. Certain of the Asserted Patents have been asserted against Nokia, Huawei and ZTE in earlier USITC proceedings, including the pending USITC investigation initiated by InterDigital in July 2011, and therefore are not being asserted against those Respondents in this new complaint.

InterDigital also filed parallel actions in the United States District Court for the District of Delaware alleging that Respondents’ same 3G and 4G wireless devices infringe the same Asserted Patents identified in the USITC complaint. The Delaware complaints seek a permanent injunction and compensatory damages in an amount to be determined, as well as enhanced damages based on willful infringement, and recovery of reasonable attorneys’ fees and costs. If the USITC institutes the investigation referenced above, Respondents will have a statutory right (but not the obligation) to stay the Delaware District Court proceeding pending a final determination in the USITC.

About InterDigital®

InterDigital develops fundamental wireless technologies that are at the core of mobile devices, networks, and services worldwide. We solve many of the industry’s most critical and complex technical challenges, inventing solutions for more efficient broadband networks and a richer multimedia experience years ahead of market deployment. InterDigital has licenses and strategic relationships with many of the world’s leading wireless companies. Founded in 1972, InterDigital is listed on NASDAQ and is included in the S&P MidCap 400® index.

InterDigital is a registered trademark of InterDigital, Inc.

For more information, visit: www.interdigital.com.

Establishing an archive for selected press releases

I often find press releases to be useful sources of information, and sometimes they serve as official statements of record regarding specific business events or transactions.

I don't usually include many of them in Philly Tech News' main stream, but I've established a separate page where I'll post PRs that I find particularly informative or important to the Philly Tech scene that otherwise wouldn't be covered on my website. You can find this page on the right sidebar by clicking on the link "Selected Press Releases", or by accessing this page.



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Daily Links 1/2/2013: InterDigital expands licensing deal with RIM; files new complaint against Huawei, Nokia, Samsung and ZTE

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Intel's Plan To Destroy Cable Is Already Running Into Delays (Silicon Alley Insider)


Fandango Says 2012 Ticket Sales Highest Ever (All Things D)
Fandango is owned by Comcast.

Classifieds site Oodle carved up between three bidders (paidContent)
QVC keeps US site, sells off UK traffic.

2012 Was Workday’s Year; Who Will Own 2013 In HR Technology? (Naomi Bloom/Enterprise Irregulars)

2013 - the year of the SAP Database (John Appleby/SAP Community Network)

RIM expands licensing deal with InterDigital to cover 4G LTE tech (CNET News)

InterDigital Files New Complaint Against Huawei, Nokia, Samsung and ZTE with U.S. International Trade Commission (Business Wire)

Microsoft partner 'will triple' Philly hires by 2014
(Philly.com: Philly Deals)

Philadelphia, Boston magazines publisher Metrocorp buys media firm (Philadelphia Business Journal)




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UBPS Completes Acquisitions of A D Computer and JetPay

December 31, 2012 11:04 AM Eastern Time
UBPS Completes Acquisitions of A D Computer and JetPay

PHILADELPHIA--(BUSINESS WIRE)--Universal Business Payment Solutions Acquisition Corporation (“UBPS” or the “Company”) (NASDAQ: Common Stock: "UBPS") today announced that it completed its acquisitions of the JetPay companies and the A D Computer Corporation companies. The transactions were approved by the UBPS stockholders on December 28, 2012 and consummated on that same date. In conjunction with the completion of the transactions, all remaining Units of UBPS were separated, and all warrants held by UBPS warrant holders will now be exchanged for UBPS common shares at a ratio of 1 warrant for .1333 shares of UBPS common stock upon the receipt by Continental Stock Transfer & Trust Company, the Company’s warrant agent, of a letter of transmittal from each warrant holder. The Company’s common shares will continue to trade on NASDAQ under the symbol “UBPS”.

“We believe that UBPS provides us with the vision as well as the financial strength to accelerate our growth. We share Bipin’s passion for delivering innovative services like mobile and cloud, and look forward to helping him change people’s lives. We have the technology to carry out his vision.”
“We set out to create a one-stop shop for the payment needs of businesses. The acquisition of these two companies accomplishes that. These two companies have solid technology platforms that are secure, scalable, and flexible. They not only already provide UBPS with a competitive advantage, but their current and future capability in mobile banking and cloud technology will enable UBPS to develop products and services that will only accelerate that advantage,” stated Bipin C. Shah, the Company’s Chief Executive Officer. “With a combined $32 million in revenues in 2012, approximately 7,000 customers, and solid profitability, we have created a platform we believe will drive growth and profitability significantly faster than the industry,” added Mr. Shah.

A D Computer provides comprehensive payroll and payroll tax filing services to some 5,000 organizations of all types and sizes, representing over 150,000 of its customers’ employees, throughout the United States. The company has its own innovative technology platform, designed with optimum flexibility to accommodate payrolls of all sizes - from small family businesses to large corporations with 10,000 or more employees.

“I am just thrilled to be working with Nick Antich, the CEO of A D Computer,” stated Shah. “I believe that his 30 plus years of experience and dedication to customer service, along with his ability to develop a technology platform second to none, will enable us to create a new world of lower cost and great convenience for our customers and their employees. We expect this new world will include providing employees the ability to get cash, pay bills, and access other money-saving services through payroll cards, mobile technology and cloud payment systems, as well as traditional ATMs and Point-of-Sale. I believe this will enable our customers’ employees to avoid high-cost payment services for themselves and their relatives worldwide,” said Shah.

“We elected to work with Nick and A D Computer because we know he shares our dedication to bringing these lower-cost services to workers that have not been effectively serviced by traditional payment service providers,” stated Shah. Antich added “While A D Computer has historically focused on local markets, our in-house adaptable payroll processing infrastructure combined with the UBPS vision and customer access provides significant capacity and opportunity to accelerate our growth under UBPS. We are thrilled to be part of UBPS, and are excited by the vision Bipin brings to the market.”

JetPay is one of the small number of real time credit card and ACH processors and merchant account providers that process all front end authorizations as well as all back end clearing and settlement functions in-house from end-to-end for both card-present as well as card-not-present transactions. In 2012, JetPay expects to process more than $30 billion in sales volume with over 150 million transactions for merchants as well as independent sales organizations.

“I am excited that Trent Voigt, JetPay’s CEO, and JetPay have joined UBPS,” stated Shah. “We believe Trent shares our vision to meet the needs of business, especially those that require newer technology and specialized processing like internet, cloud services, and mobile technology, as well as the ability to deliver those services seamlessly worldwide, whether to Chicago or Boston or India or Africa. JetPay has an extraordinary platform that can deliver products and product features far faster than traditional providers.” Shah added, “Trent and I share the vision of the market for the future.”

Trent Voigt added, “We believe that UBPS provides us with the vision as well as the financial strength to accelerate our growth. We share Bipin’s passion for delivering innovative services like mobile and cloud, and look forward to helping him change people’s lives. We have the technology to carry out his vision.”

As part of the acquisition transactions, the Company redeemed approximately 10 million of the total 11,319,693 million shares eligible for redemption. The Company was able to use approximately $8.5 million of the $72 million net proceeds raised in the Company’s initial public offering to purchase the JetPay and A D Computer companies . Following the redemption and the warrant conversion, the Company will have approximately 11.5 million outstanding common shares. In connection with the acquisition transactions, the Company also issued $10 million of secured convertible notes, the Company assumed an existing note of JetPay in the amount of approximately $6 million and A D Computer borrowed an additional $9 million from a commercial bank. On December 28, 2012, Nasdaq notified the Company that it failed to timely obtain Nasdaq’s approval of the acquisition transactions in advance of the closing. As a result, the Company’s securities could be delisted unless the Company files an appeal by January 8, 2013, which the Company plans to do, and is successful. Nasdaq also previously identified that UBPS may have fewer than 300 round-lot public holders and fewer than two active market makers, which were the subject of prior communications by Nasdaq. Based on a plan of compliance, the Company has until February 9, 2013 to evidence compliance with the minimum holder requirement.

“We believe that our appeal will be successful and that our transition to an operating company as a result of the acquisitions that we announce today will permit the Company to comply with the various listing requirements and continue its Nasdaq listing,” Mr. Shah added.

About UBPS

Universal Business Payment Solutions Acquisition Corporation was a special purpose acquisition company formed for the purpose of acquiring one or more operating businesses in the payments and payroll processing industries as a platform for further roll-up acquisition opportunities. The Company raised net proceeds of approximately $72 million through its initial public offering in May 2011 led by EarlyBirdCapital, Inc. Please visit www.ubpsac.com for more information.

Note Regarding Financial Information

Certain financial information and data of JetPay and AD Computer contained in this press release is derived from unaudited financial statements and data and may not conform to Regulation S-X. Accordingly, such information and data may be adjusted and presented differently in the proxy materials to be mailed to the Company’s security holders.

Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. UBPS’s actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, UBPS’s expectations with respect to future performance.

These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside UBPS’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to, those described under the heading “Risk Factors” in UBPS’s final prospectus, dated May 9, 2011 and its Proxy of November 13, 2012 and subsequent 8K filings.

UBPS cautions that the foregoing list of factors is not exclusive. Additional information concerning these and other risk factors is contained in UBPS’s most recent filings with the Securities and Exchange Commission. All subsequent written and oral forward-looking statements concerning UBPS, a potential transaction agreement, the related transactions, or other matters and attributable to UBPS or any person acting on its behalf, are expressly qualified in their entirety by the cautionary statements above. UBPS cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. UBPS does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based.

Daily Links 1/1/2013: HP may sell off some parts

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Inside Intel’s TV service: No CES announcement, but plenty of juicy details (Gigaom)

HP: We Might Unload Some Weaker Divisions (Bloomberg
via SAI Enterprise)

Putting 2012 To Bed (A VC)

UBPS Completes Acquisitions of A D Computer and JetPay (Business Wire via MarketWatch)

Evolve IP closes strong year with local deal

Tom Paine

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Wayne-based cloud services provider Evolve IP closed out another year of strong growth, COO and GM Guy Fardone told me in a phone interview. He declined to reveal revenue figures for 2012, but said growth had averaged well over 100% per year over the past few years. Evolve IP appeared on the 2012 Inc. 500 (#321) with reported 2011 revenue of $17.2 million, up from $1.4 million in 2008 (it was founded in 2006).

The company has also been doing some deals, not to buy technology, but to acquire some managed service providers' customer bases and partnering with others. Locally, in late December Evolve IP announced a transaction with Exton-based Semperon, in which Evolve IP acquired Semperon’s Broadsoft Unified Communications customer base and Semperon became an Evolve IP reselling partner. Fardone would not disclose the size of the transaction or the number of customers involved, but did say
the two companies had worked together for some time. Evolve IP is also using acquisitions and partnerships to expand towards a nationwide service footprint. In September, it acquired Chicago area managed communications provider IPiphany.

Guy Fardone

When I asked Fardone how Evolve IP compared to other Philly area-based VoIP/Unified Communications providers such as Alteva and CoreDial, he said EvolveIP was considerably larger, tended to serve larger enterprise customers, and probably provided a higher percentage of data services in addition to VoIP as part of its overall business mix (Alteva parent WVT Communications reported cloud communications revenue of $3.6 million in third quarter 2012, an increase of 38% over the prior year). One particular area of focus for Evolve IP is serving the high volume corporate call center market.

Evolve IP is not like a traditional telecom company that operates a large network. Rather it is more of a software company that has built a proprietary platform which integrates unified communications, VoIP and virtualization technology from vendors including VMware, EMC, Broadsoft, Cisco and Microsoft. Its proprietary OSSmosis Portal gives customers a dashboard from which they can self-manage their communications features. It provides a "virtual switch" and manages customer data off premise in the Cloud, operating data centers in Wayne and Las Vegas. It currently has 80 employees, and they are looking for people (see current openings).

Evolve IP has raised over $24 million. Investors have included Ira M. Lubert, chairman and co-founder of Independence Capital Partners, and Peter G. Peterson, co-founder of pioneering PE firm The Blackstone Group and one time US Secretary of Commerce. Chairman, Chief Executive Officer, and Co-Founder Thomas J Gravina previously served as President and CEO of King of Prussia-based ATX Communications, which was acquired by Broadview Networks in 2006. Fardone, who was also an Executive Vice President at ATX, is active in the Philly Tech community and with organizations including PACT. Both Gravina and Fardone are Villanova graduates. Vice Chairman and Co-Founder Michael Peterson is the son of Peter G. Peterson.

While many of the managed service aspects of business telecom require a strong local presence, and various network providers have different regional focuses, the software and cloud computing aspects are not inherently local. Continued movement toward nationwide consolidation in the industry is inevitable.

Earlier this year, Evolve IP opened an incubator-like "innovation center" for startups at its campus on Old Eagle School Road. The center, which also offers possible tax and assistance benefits due to it being located in a Keystone Innovation Zone, initially is offering 10,000 square feet of space, although that could eventually be expanded to 100,000. Evolve IP also described how it helped keep some customers afloat after Hurricane Sandy.




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Daily Links 12/31/2012: Comcast price hikes; Amazon apologizes for Xmas Netflix outage

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Comcast Celebrates New Year With Broadband Price Hikes
Hike Depends on Market, Competition (Broadband Reports)

Year in Review: SAP HANA in 2012 (ASUG News)

Amazon Apologizes for Christmas Eve Outage Affecting Netflix (Bloomberg)

Pinterest Sued by Former Business Partner of Early Investor
(All Things D)
Plaintiff Theodore F. Schroeder is said to be a ""a young practicing lawyer and "self-taught computer genius”" working in the Philadelphia region at a company that he does not want to disclose.

OneTwoSee links pro sports, TV, ad data (Philly.com: Philly Deals)

PANL Most Likely To Pop on CES News, Short Interest, Says Cowen (Barron's: Tech Trader Daily)
Universal Display (PANL) is based in Ewing, NJ.


The Path of 2012 into 2013, the Road Ahead for Devon IT (Devon IT: Thin Tank Blog)



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Philly Tech People News 12/30/2012: Ametek names new EVP & COO; BFTP/SEP names Moul & Egosi to board

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David A. Zapico Named Executive Vice President and Chief Operating Officer of Ametek (PR Newswire)

The Board of Directors for Ben Franklin Technology Partners of Southeastern Pennsylvania (BFTP/SEP), at its Annual Meeting on December 19, 2012, welcomed two new members to its Board, it announced in an emailed release . They are: Richard S. Egosi, Executive Vice President, Chief Legal Officer and Company Secretary of Teva Pharmaceuticals, and Bob Moul, CEO of appRenaissance and President of Philly Startup Leaders.



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