Former Susquehanna exec Noll surprises many by leaving Nasdaq

Tom Paine

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Eric Noll, a long-time executive with Bala Cynwyd-based Susquehanna International and former official with the Philadelphia Stock Exchange (now owned by Nasdaq), surprised many in the exchange industry by announcing on Monday he was departing Nasdaq, where he was considered next in line for the CEO job by many, to become chief executive officer of ConvergEx Group LLC. Noll's title at Nasdaq was executive vice president of U.S. and U.K. transaction services.

Although Noll remains highly respected in the industry, he caught some of the flack for Nasdaq's mishandling of Facebook's IPO last year, as well as a major technical glitch that caused a three hour trading delay three months ago. At the time of the Facebook offering, one (possibly irrelevant) criticism was that he was in Philadelphia at the time it launched.

ConvergEX provides trading services to institutional investors. Noll joined Nasdaq from Susquehanna in 2009.

Links 11/27/2013: SAP rejects suggestions for European Airbus-like IT consortium

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SAP rejects calls for a pan-European IT champion (Reuters via Chicago Tribune)

Burberry points to SAP as driver of ‘operational excellence’ (Computerworld UK)

UK & Ireland User Group to put pressure on SAP to help with new tech adoption (Computerworld UK)


SaaS is cloud computing's quiet killer app (David Linthicum/InfoWorld)

INE Ventures Launches Fund to Invest in Israeli Technology Startups (Business Wire)
Focus on transplanting Israeli startups to Philadelphia, New York.

Comcast Xfinity Broadband is now one the largest IPv6 network (Gigaom)

Comcast hiring engineers for Excalibur Back Office project (FierceCable)

Charter seeks to raise $25 billion to fund Time Warner Cable bid: report (Reuters)

Obamacare's Small Business Site Won't Work for Another Year
(Business Week)

Steve Duin: Ducking for cover in the Cover Oregon debacle (The Oregonian)
Is it Oracle's fault?

Fisker sale may be approved Jan. 3, bankruptcy judge says (Bloomberg via Automotive News)

How and Why to Launch LinkedIn Showcase Pages (PeopleLinx Blog)

Links 11/26/2013: Cox also reported interested in Time Warner Cable; Workday beats expectations

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Workday posts record revs, ups forecast and appoints Jerry Yang to board (Diginomica)

Workday Surges 13%: Bulls Charmed by Growth, Financials Progress (Barron's: Tech Trader Daily)


SAP to announce simplification drive in January, says Hagemann Snabe (ComputerWeekly.com)
Don't they say that every year?

Comparing SAP HANA and Sybase IQ - real world performance tests (John Appleby/SAP Community Network)



Dell Boomi’s AtomSphere Right Prescription for Novartis Cloud, On-Premise Integration (Integration Developer News)

Pivitec Wins Ben Franklin Venture Idol (BFTP
NEP)

Druckenmiller Shorting IBM in Bet Cloud Computing to Win (Bloomberg)

Ray Wang on Big Blue’s Battle with AWS | #IBMIoD (Silicon Angle)

Privately held Cox looking at bid for Time Warner Cable: WSJ
(Reuters)


Intel Said to Be Asking $500 Million for Pay-TV Unit
(Bloomberg)

WYSIWYG Web Editor Barley now lets WordPress users edit their sites on the fly (The Next Web)
Barley is the product of Viddler alum Colin Devroe's startup Plain.

Evolve IP Positioned in "Visionaries" Quadrant of the Magic Quadrant for Unified Communications as a Service (UCaaS) (PR Newswire)

Universal Display and Philips Technologie GmbH Announce Collaboration and Evaluation Agreement for OLED Lighting (Business Wire)

PPG Expands OLED Production to Support Demand for Universal Display Products (Business Wire via Optics.com)

On Philly Tech News last week: Philly at Dreamforce, Comcast eyes big acquisition? & more

Wrapup: Philly at Dreamforce 13 (with more company news)

Deloitte releases Fast 500: MeetMe #3?; Here are Philly area representatives


Aria Systems, with R&D in Delaware County, raises another $40 million

Pennsauken-based RCM Technologies in Heated Board of Directors Proxy Fight

Report: Comcast considering Time Warner Cable bid? Update: Could be joint bid with Charter

Philly Tech People News 11/24/2013: New SevOne CFO took Carbonite public; Pet360 brings new tech & product talent to area

Fidato Partners, WRG opening Center City offices

Tom Paine

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Fidato Partners, a Wayne-based consulting and services firm, is opening a new office at 2001 Market Street, Two Commerce Square, in Philadelphia at the beginning of the new year. Fidato, founded in 2010, primarily supports Fortune 500 companies in the areas of risk management, information technology, accounting services, and recruiting.

Fidato's founders include John Rapchinski, President and Chief Executive Officer, who was
previously founder and CEO of RL Corporation, parent company of Peopleflex and AC Lordi Consulting; Gene Kemp, Chief Information Officer and founding Partner, whose prior experience includes serving as Vice President of Information Technology at iPipeline; and Justin DiGaetano, Principal – Risk Management Services and Founding Partner, who came from PricewaterhouseCoopers. Clients have included Exelon, Aqua America, Shire, ViroPharma, GlaxoSmithKline, InterDigital, iPipline and Endo.

Kemp tells me that Fidato's headcount has grown about 30% this year to over 45 employees.

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UK-based WRG, an events management agency, has opened a Philadelphia office on South Broad which is expected to become its US headquarters. It has had an office in New York, but is looking to expand its presence here. The six-person office is headed up by Graeme Beavers, vice president, WRG North America. Locating in Philadelphia, the firm hopes to initially build upon strong existing relationships with healthcare firms such as Astra Zeneca and Alcon.

WRG doesn't just manage healthcare events, though. In the UK it has produced events such as the G20 Summit in 2009 and the Papal visit in 2010.

Links 11/25/2013: KoP-based EBay Enterprise absorbs Magento; ColdLight funding

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eBay Enterprise Absorbs Magento - Should Marketplace Sellers Care? (eCommerce Bytes)

For BYOD, gaining control is about letting go (ZDNet)
On Wayne-based Point.io.

Leader in Big Data Analytics, ColdLight Solutions, Receives Growth Capital from Kayne Partners (Business Wire)
ColdLight Solutions is based in Wayne.

The Battle For The Connected Home Is Heating Up (TechCrunch)

HealthQx Wins Marcum Innovator of the Year Award (PR Newswire)


Wall Street redemption: Jerry Yang joins the board of market darling Workday (PandoDaily)

Workday Jumps 6%: FYQ3 Rev, Net Loss Beat; Q4 Rev View Beats (Barron's: Tech Trader Daily)


Comcast eyes Time Warner Cable and unprecented market power (Fortune Tech)

Comcast's Brian Roberts and Liberty's John Malone have history (LA Times: Company Town)

Philly Tech People News 11/24/2013: New SevOne CFO took Carbonite public; Pet360 brings new tech & product talent to area

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Pet360 Brings Leading Technology and Product Talent to Philly Area
Ralph Kasuba Joins as Chief Technology Officer & Patrick Joyce as SVP of Product (Marketwire)

SevOne Appoints Andrew Keenan as CFO (SevOne News)
Formerly CFO of Carbonite, which went public during his tenure.



Emtec Announces Appointment of Sunil Misra as President and Chief Operating Officer (Business Wire)


Sixers add Wharton grad to front office
(Philadelphia Business Journal)

VibeSec Appoints David Chavez to Board of Directors (Marketwire)

Apollo Group Announces New Chief Operating Officer (Business Wire)
Former Comcast exec Mitch Bowling.

Sandy Howe Takes On Expanded Role at Arris
(Multichannel News)



Cathy Oakes, Long-Time SCTE Executive, Dies at 48 (Multichannel News)





ORS Partners Recruits Industry Leader to Scale Innovative Outsourced Recruitment Solutions Business Model. (ORS Partners)

JetPay Payroll Services Announces National Sales Manager Wayne Hart (Business Wire)

Co-founder marks Comcast's 50 years: 'A natural monopoly' and how it grew (Philly.com: Philly Deals)

Once Cable’s King, Malone Aims to Regain His Crown (New York Times: DealBook)

Woodcock Washburn acquired by 800-lawyer firm (Philadelphia Business Journal)

Comcast and Charter Reportedly Weighing Joint Bid for TWC (Bloomberg TV Video)

Saturday Highlights 11/23/2013: Fisker files for bankruptcy, to be bought by Hong Kong company; NBCU to invest in new tech site from AllThingsD founders

Hong Kong company to buy Fisker after bankruptcy (Wilmington News Journal)

Cloud Computing Seen Cutting 2014 IT Industry Sales (Investor's Business Daily)

NBCUniversal to invest in tech news site by Swisher, Mossberg
(USA Today)

Health care IT prominent among Technology Council honorees (NJBIZ)

Foxconn invests US$40 million in Pennsylvania to tap research, talent (IDG News)

Report: Comcast considering Time Warner Cable bid? Update: Could be joint bid with Charter

Tom Paine

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CNBC cites sources suggesting that Comcast may be considering a bid for Time Warner Cable, the nation's second largest cable provider.

My first reaction is that while its not surprising that Comcast would look at all its options for maintaining its leadership position as the industry consolidates, I doubt it would be allowed to swallow the whole thing. (Although the FCC has tried to impose a ceiling on what share of subscribers any one operator could own, those have been struck down and no absolute limit currently exists.) But the federal government has numerous levers it can use to try to stop a deal,including the fact that Comcast is still operating under Justice/FCC review following approval of its NBCU acquisition.

On the other hand, Comcast could try to buy TWC and sell off a considerable portion of
its subscribers, or submit a joint bid with another party.

The CNBC report says Comcast is not talking directly with TWC, but rather is seeking advice on the regulatory hurdles such a bid would face. CNBC also says TWC, which faces the possibility of a bid from Charter Cable with backing by John Malone, has made it clear
that Comcast would be a preferred bidder.

One should not discount the fact that Comcast has fostered close ties with the Obama administration.

See my post from July, Will Comcast respond to Malone's cable acquisition ambitions?


Update: Latest Bloomberg story suggests Comcast and Charter may be discussing a joint bid
for TWC.

Two Maps That Explain Why Comcast May Want To Buy Time Warner Cable
(BuzzFeed)

Time Warner stock pops on bidding war report (USA Today)

Wall Street would cheer Time Warner Cable sale but media watchdogs worry (LA Times: Company Town)

Comcast eyes Time Warner Cable and unprecented market power (Fortune Tech)

Comcast's Brian Roberts and Liberty's John Malone have history (LA Times: Company Town)