Phorum Philly 2013, to be held this Thursday (the 21st), has a different focus, but same quality as last year's program


Tom Paine



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Last year, PACT, the Greater Philadelphia Alliance for Capital and Technologies, got together with others including investment banking firm Fairmount Partners and Philly Startup Leaders' President Bob Moul to bring a world class enterprise-oriented technology conference to Philadelphia, with a national scope but a strong Philadelphia focus. The result was Phorum Philly 2012, which concentrated on cloud computing, and it was enthusiastically recieved and highly successful by most accounts. While Chariot Solutions' Emerging Technologies for the Enterprise conference (already sold out for this year) has much the same appeal for hands-on developers, Phorum was intended to be geared more to enterprise IT execs trying to better understand major trends and new approaches for enterprise solutions.

This year, the event returns, Phorum Philly 2013, hosted by PACT and presented by Fairmount Partners and LiquidHub, once again held at World Cafe Live on this Thursday, March 21. Phorum 2013 will feature the same high quality program content but a different emphasis in terms of subject matter. This year's focus will be on harnessing disruptive technologies, including mobility, big data, and social computing. The event will kick off with a Keynote session, followed by three sessions, one for each technology track. Tickets are still available at this time; tickets are $199.00 for PACT members and $279.00 for non-members.

Don Tapscott
Peter Coffee: VP and Head of Platform Research, salesforce.com, who spoke at last year's Phorum, will lead off with an overview of how disruptive technologies are impacting the business world. Author, consultant and business executive Don Tapscott,whose work has often anticipated emerging trends such as collaboration, will give the Keynote address. Ted Schadler, Principal Analyst, Forrester, will speak on "Leading the Mobile Workforce", and Sameer Patel, Global Vice President & GM Social Software, SAP
, who joined SAP last year to develop its social entreprise strategy, will address "Rethinking Work: The Next Chapter in Social Collaboration."


After lunch, the afternoon session will kick off with Gus Hunt, Chief Technical Officer for the Central Intelligence Agency
 speaking on "Leveraging Big Data
", something the CIA certainly has a great deal of.

The remainder of the afternoon will consist of six panel sessions; two each on each main theme, one presented from the vendor perspective and one from the enterprise perspective. A notable list of panelists includes Relay Network's Matt Gillin, Jive Software Chief Social Scientist David Gutelius, LuquidHub's Ravi Kalakota, Comcast Business Services' Patrick McGlone, Moul, SevOne CEO Michael Phelan, AppLabs founder Sashi Reddi, and Mozilla Chief of Innovation Todd Simpson.

A major feature of the conference, the Demo Pit, will be open all day and features nine of the most interesting startups in the region, including Curalate, iMomentous, PeopleLinx, Powerlytics, Quantum Leap Innovations ( which I profiled last year), and WizeHive. Fairmount Partners' Allen Born, Advisory Board Chair for Phorum 2013, said in an interview with Philly Tech News that he was very pleased with the quality of the Demo Pit participants and the fact that all the companies are locally based this year.

Voting on the Demo Pit participants will begin after the morning keynote and will be open to 3:45pm. The closing session and awards presentation will begin at 4:50, during which the "best in show" award for the Demo Pit will be presented. This year's Demo Pit award presenter will be Montgomery County and Northeast Philadelphia congresswoman Allyson Schwartz, a probable candidate for the Democratic gubernatorial nomination in 2014. Last year's Demo Pit winner, UXFLIP, was subsequently acquired by appRenaissance (now Artisan Mobile).

A Cocktail & Network Reception will follow from 5:30 to 7pm.

Born said said that World Cafe Live can hold about 400 people, and approximately 350 tickets have been sold so far. He also said that a TV will be available upstairs for those who wanted to catch up on the opening of the NCAA Tournament's Field of 64.

Also see update: Some breaking news items related to Phorum participants CIA & PeopleLinx



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VCs Are Throwing Big Money At These 10 Enterprise Startups (SAI: Enterprise)
SevOne should be on this list.



Slide Show: The First Trenton Computer Festival: 1976



This a slide show from the first Trenton Computer Festival in 1976, produced by TCF co-founder Sol Libes:





Death of an IT salesman (Gigaom)

Jay Leno Angers NBC's Robert Greenblatt With Ratings Jabs (Report) (Hollywood Reporter)

Comcast developing 'magical' mobile video product with Verizon Wireless (FierceCable)



38th annual Trenton Computer Festival is tomorrow (Saturday)



Tom Paine



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The 38th annual Trenton Computer Festival (TCF 2013) will be held tomorrow, March 16, at the College of New Jersey in Ewing, NJ, outside of Trenton. While in the past the festival had a two day format, in recent years it has been a one day event.

TCF has been an historically important meeting place for home computing pioneers on the East Coast. Now, of course, there is so much information on the Internet as well as from other sources and distribution channels that it is not so essential, but back in its early days there weren't many other places you could access that type of information and see what was actually out there in terms of hardware components and software. TCF has had a list of renown keynoters, including ENIAC co-inventor John William Mauchly, Bill Gates, and area resident and open source pioneer Eric Raymond.

Still, today it continues to be an active venue for people exploring new technologies and ideas.


David Gewirtz wrote an ode to early days of TCF in ZDNet last year.

This year's TCF will run from 9 to 5, and will include an indoor flea market and a broad selection of workshops and presentations ( see schedule here (pdf). Admission is only $10 (children under 12 free).




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Daily Links 3/15/2013: Comcast now nation's second largest advertiser; SAP now Germany's most valuable company





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Comcast now nation's second largest advertiser (Philadelphia Inquirer)

Cablevision Sale Within 18 Months Likely, Says Citi (Investor's Business Daily)
But analyst says Comcast not likely buyer (though I bet there are some little pieces of
Cablevision Comcast might wish to own).

Hulu Names an Acting Chief Executive (New York Times: Media Decoder)
While contemplating changes in ownership structure.

Comcast to Widen World of Addressable Ads
Source: MSO Plans to Have Invidi’s Targeted-Ad System Deployed Across U.S. Footprint by End of 2014
(Multichannel News)

South by Southwest (SXSW): Aereo vs. the Cable Bundle (Time Tech)

Princeton Review Founder’s Startup Noodle Acquires Lore To Build An Education Marketplace Around Search (TechCrunch)
Lore, originally CourseKit, was started by three undergrads at Penn before moving to New York.


SAP Emerges from Changes as Most Valuable German Company (Information Management Online)

Google Elbows Into the Cloud (New York Times)

Exclusive: EMC, IBM eye web hosting company SoftLayer- sources
(Reuters)

Ben Franklin TechVentures to House Lehigh Valley Angel Investors
(Ben Franklin News)




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New Hope-based MeetMe names COO, myYearbook co-founder Geoff Cook CEO; focuses on monetizing growing mobile traffic



Tom Paine



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MeetMe, the New Hope-based social networking website, announced last week that Geoff Cook had been named CEO effective March 11, replacing John Abbott, who becomes the Company’s non-Executive Chairman of the Board. Cook, who co-founded myYearbook in 2005 along with his then teenage siblings, Catherine and Dave, has been Chief Operating Officer and President of MeetMe's Consumer Internet Division. Abbott had been CEO of Quepasa, the company that acquired myYearbook in November of 2011. Quepasa changed its name to MeetMe in June 2012, and the myYearbook platform was rebranded as MeetMe later in the year and integrated with Quepasa's Latin American-oriented social network. The overwhelming majority of MeetMe's pre-merger revenue came from the myYearbook platform.

Prior to helping start myYearbook, Geoff Cook, 34, founded EssayEdge and ResumeEdge while a student at Harvard University in 1997 and sold it to The Thomson Corporation (now Thomson Reuters) in 2002.

MeetMe also announced its 4th quarter and full year 2012 results last week (see transcript of earnings conference call). Pro forma (non-GAAP) results comparing the annual revenue of myYearbook and Quepasa combined increased grew 31% to $46.7 million for 2012 over 2011, although 4th quarter revenue grew only 23% over the prior year's 4th quarter. Net loss for the year was $10.3 million, but a non-GAAP measure MeetMe uses, Adjusted EBITDA, was positive $3.9 million for the year, an improvement from a loss of $1.3 million in the prior year. Cash and cash equivalents at year end were about $5 million, down from $8.3 million a year ago.
Geoff Cook

Cook, in a telephone interview with Philly Tech News, says one of the challenges MeetMe faces is monetizing its rapidly growing mobile traffic at at least the same rate as its web-based traffic, a challenge Facebook also faces on a larger scale. Mobile now accounts for 60% of MeetMe's daily audience. While Mobile accounted for only 5.8% of MeetMe platform revenue in Q4 2011, it now accounts for 22%. Despite this rapid growth, in Q4 2012 revenue was $0.13 for each daily active user on the web, compared to just over $0.03 for each mobile DAU. While overall traffic continues to show growth (MeetMe daily active users, DAU, increased 14% over the Q3 average to 1.261 million, although the absolute number of page views has dropped during the mobile transition), obviously this wide gap between mobile and web monetization could impact future revenue growth. As Cook said in last week's earnings conference call, "in the near term, the challenges associated with the shift of our users to mobile will affect operating results, until the monetization of mobile expands sufficiently."

Monetization of mobile users will require different approaches, Cook says. The first initiative is a premium subscription service, MeetMe Plus, the first stage of which will be introduced in late March. While the mobile platform has proven less amenable to traditional web advertising due to the small screen size and other factors, Mobile may be easier to monetize in terms of subscriptions because it has a built in payment platform (virtually every MeetMe iPhone user has a credit card on file with Apple), making the purchasing process much easier. The first phase of MeetMe Plus will contain four key benefits for subscribers: the suppression of ads within mobile applications; bonus virtual currency every month; discounts on any subsequent virtual currency purchases; and the ability to see which other users have viewed their photos and which photos they viewed. Additional MeetMe Plus features will be rolled out over the course of the year.

The second mobile monetization effort is centered on native advertising, Cook said, through which relevant native content ads will be inserted directly into a MeetMe user's mobile live feed. The first phase of this initative will begin in late March, in sync with the MeetMe Plus launch, working with a single partner initially.

Another area of expansion for MeetMe in terms of broadening its addressable market has been through adding additional languages to the platform. Late in Q4, MeetMe launched in French, Italian and German, and early this year added Russian, Japanese and traditional Chinese. Although these newer additions are still at an early stage of development, MeetME's MAUs (Monthly Average Users) from outside the US and Canada has grown from 16.7% in June 2012 to 44% in December.


MeetMe's focus is on what it calls "social discovery", or helping people meet new friends. Although it competes with broader competitors such as Facebook to some extent, it has a distinct set of competitors within the social discovery niche, such as Tagged and Badoo, according to Cook. MeetMe's demographics in terms of age have changed somewhat. Where it was originally aimed more at the high school audience, as its core user based has grown older and MeetMe has broadened its marketing appeal the median user age has increased from about 18 to 20, Cook says, and MeetMe's current target market is users in the 20 to 30 year old age group.

MeetMe currently has over 150 employees, about 130 of whom are located in New Hope. Most of the rest are in New York. The company has been strengthening its senior management team. David Clark will be joining MeetMe as Chief Financial Officer on April 2nd from NutriSystem, where he has served as CFO since 2007. Co-founder Catherine Cook continues to serve as MeetMe's VP Brand Strategy.

MeetMe's primary data center operations are based at an Equinox facility in New Jersey, although the company does use Amazon Web Services' EC2 for some functions.

Quepasa acquired myYearbook for $100 million in 2011, which included $18 million in cash and $82 million in Quepasa stock. Publicly traded Quepasae changed its listed name to MeetMe and ticker symbol (NYSEAMEX: MEET) last year. In addition to reaching the Latino market, the Quepasa acquisition made it possible for myYearbook to become part of a publicly listed company without doing an IPO. First Round Capital was an early investor in myYearbook (the story was that FRC's Chris Fralic lived not too far down the road and stopped in one day), to be joined by US Venture Partners and Norwest Venture Partners. MeetMe currently has a share price of $2.54, and a market cap of $94 million.



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Daily Links 3/14/2013: NetSuite CEO chides SAP, Microsoft (but not buddy Oracle)





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Redbox Instant ready to open its doors to the public (Gigaom)

NBC Execs Concerned About Matt Lauer's 'Connection' to Audience (Report) (Hollywood Reporter)

Private Equity Firms Fail in Effort to Have Antitrust Case Dismissed (New York Times: DealBook)
The 2005 LBO of Wayne-based SunGard Data Systems is one of the deals included in the suit.

NetSuite CEO Chides Rivals SAP, Microsoft
(Investor's Business Daily)

BioClinica and CoreLab Partners Are One
Combined Company Creates Clear Leader for Imaging Core Lab Services
(Business Wire)

Drug firm expects to grow, but stay more hidden, after merger (Philadelphia Inquirer)


Rowan's research status aids its bid for funding (Courier-Post)

Helping big companies hire, Horsham's iMomentous grows its own workforce (Keystone Edge)

Xtium Launches Desktop as a Service
Partnership with Desktone enables customers to access virtual desktops on any device

(PR Web)

Warby Parker Co-Founder Launches Harry’s, Bringing The Startup’s Buy-One-Donate-One To Shaving (TechCrunch)

Edison Ventures Announces Investment in Arkadium - Fuels Rapid Growth of Multi-Platform Game Developer (PR Web)
Invests $5 million.




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Philly Healthcare IT items from HIStalk; IMS Health, Qliktech, CHOP, Siemens



Tom Paine



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HIStalk is a witty, unconventional blog that is a must read for people in the Healthcare IT industry, with lots of juicy information, written by a guy who works in the industry but remains anonymous to many. This week it has some interesting bits of Philly-related information, including:



  • A  "rumored" price of $100 million for IMS Health's acquisition of Seatlle-based pharma marketing software vendor  Appature, announced yesterday
  • A report from one reader attending HIMSS in New Orleans about QlikTech demoing a CHOP analytics application in its booth and an EPIC (the giant of Healthcare IT) rep taking over the booth to show how Epic can solve the problem
  • Another win for Siemens' MobileMD HIE solution from a Texas healthcare system

And there's more.




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