What will Amazon's new pay policy do to labor markets?



The announcement by Amazon that it is raising its minimum wage for all US employees to $15 per hour will probably shake up labor markets, but my guess is it will have more effect in other parts of the country, as tightness in the Philly/NJ/DE region has already put considerable pressure on employers to up wages, particularly for less skilled labor, as there are only so many bodies to go around. During the Holiday season it will be difficult for many to reach hiring goals in the Northeast.

Looking at the map (from a year ago) of Amazon fulfillment centers in the country, there is a large concentration around eastern PA, Delaware, and New Jersey. But the market is already headed upwards there in terms of wages. I know some other regions where a difference of $2-4 dollars per hour can have a real impact upon workers.


Comcast owns a small stake in an MLB franchise (no, its not what you think, though the Cable giant has considerable influence over the Phils due to its broadcast rights). Comcast is trying to sell its stake but not finding many takers yet, since its a run down franchise controlled by owners who gave money generously to Madoff.

Now that Comcast has won the battle for Sky, what does Roberts do with Europe’s biggest satellite pay-TV company?

Wayne-based specialty managed care provider Genex reached a merger agreement with San Diego-based Mitchell International. Its a bigger deal than you might think .


Don't let success make you vulnerable to this 'disease,' says SAP CEO Bill McDermott . And he reflects upon how his eye injury changed - improved his life.

Salesforce singles out gaps in Microsoft and Oracle’s services in its road map for growth, but sees little in common with SAP.


And Alibaba and SAP deepened their Global Partnership to Accelerate Intelligent Enterprises in China.





PhillyTechNews is now PhillyEnterpriseTech News

Tom Paine




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PhillyTechNews has changed domain names, to PhillyEnterpriseTech.com . This is a reflection of where I want to take the website; Its a big, dynamic sector and where I believe my greatest knowledge is. Enterprise software is not just ERP anymore.

My website may have been hard to find in past months, so this is to let you know where its at. I've appreciated all who have been with me in the past and hope some who lost me will return. My product has continued to evolve and hopefully improve.

The name change is not huge from a practical point of view. I'll continue to cover most companies and subjects that I've been doing before, and Comcast will remain a key. I'm also going to double down on healthcare technology because a true revolution is occurring here, and there are more high potential new startups in Philly than you can shake a stick at. While I'm not a clinical professional, I've learned much more from personal experience about healthcare and know when to ask the tough questions.

And lastly, as always I welcome ideas, suggestions and support. I will be responsive to them.




Wayne-based managed care provider Genex in merger agreement with Mitchell International

Tom Paine




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San Diego-based Mitchell International, a leading provider of technology, connectivity and information solutions to the Property & Casualty (P&C) insurance and Collision Repair industries, has reached an agreement to merge with Genex Services, a Wayne-based provider of clinical solutions to the workers’ compensation, auto and disability insurance markets. The agreement was announced this week. Terms were not disclosed.

Mitchell is primarily a technology provider, while Genex is a managed care provider which uses technology extensively.

Genex,  which will continue to be led by its CEO Peter Madeja, will guide  its delivery of clinical outcomes, and will continue to be headquartered in Wayne, PA.


"Both Mitchell and Genex remain intensely committed to our clients and existing lines of business across auto physical damage, auto casualty, workers’ compensation, pharmacy, disability and healthcare,” said Alex Sun, CEO of Mitchell. “Client focus remains our number one priority and we continue to increase our level of investment across the board. I look forward to working with our new Genex teammates to better serve our valued client partners.”

 Genex has more than 2,900 employees and 41 service locations throughout North America.

n 2013, the private equity firm Kohlberg Kravis Roberts bought Mitchell from Aurora Capital for $1.1 billion.

Stone Point Capital, a PE firm which sold Genex 1n 2014, reacquired the company in February of this year . That's a quick turnaround (or actually two).



UPMC Liver Transplant commercial shows stark choices healthcare consumers face

Tom Paine




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This commercial from cross-state healthcare giant UPMC bluntly puts its message on the line: you'll be able to get a liver transplant there sooner than most places. No mincing of words.

The tag line:  Don't die waiting.

Reassuring, and likely to be increasing popular future pitch line as government controls limit supply and the fight for organic body parts intensifies.


Constellation Research's take on the "Business Transformation 150 2019"; Local mentions include John Collier of Wawa, Campbell's Francisco Fraga (perfect name), and David Hayne of Urban Outfitters

Tom Paine




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Constellation Research has published its Business Transformation 150 2019 , its take on the 150 top corporate executives in achieving digital business transformation. I never know exactly how these "best of" are selected, but Constellation is well-connected to innovative digital companies and has a good read on them.

These are mostly corporate people, with less emphasis on early stage, though some of the companies represented have increased their venture activities in the recent past.

Below are the people named to Constellation's "Business Transformation 150" either from Philly-based companies or others closely related to Philly:





John Collier
Chief Information Officer
Wawa, Inc.

Michele D'Alessandro
VP & CIO, Manufacturing IT
Merck & Co., Inc.

Cris De Luca
Global Director, Digital Innovation
Johnson & Johnson

Francisco Fraga
Chief Information Officer
Campbell Soup Company

Melanie Kalmar
Corporate Vice President, CIO & CDO
The Dow Chemical Company

David Hayne
Chief Digital Officer
Urban Outfitters

Melinda Richter
Global Head of Johnson and Johnson Innovation Labs
Johnson and Johnson

Karenann Terrell
Chief Digital and Technology Officer
GSK

Scott Sandschafer
CIO and Head of NBS IT
Novartis



Company Roundup: Billtrust, Synchronoss and Princeton Identity


Company Roundup: Billtrust, Synchronoss and Princeton Identity


Esther Surden
Publisher & Editor, NJTechWeekly.com



Brian Hughes, Mercer County Executive; Senator Shirley Turner; Christopher Bobbitt, Mayor of Lawrence Twp.; Flint Lane, Billtrust Founder and CEO; Edward Jordan, Billtrust CFO cut the ribbon on the new Billtrust HQ. | Courtesy Billtrust

Billtrust: Billtrust, a business to business company that provides accounts receivable automation, celebrated the official opening of its new corporate headquarters in Lawrenceville on September 24. The company had previously been located in Hamilton.

The search for a new HQ location was necessitated by the company’s rapid growth. Billtrust chose to remain in New Jersey partly thanks to a Grow NJ grant it received from the New Jersey Economic Development Authority.

The new 87,000-square-foot headquarters provides the Billtrust team with state-of-the-art technology, over 50 meeting and collaboration spaces, indoor and outdoor fitness facilities, three coffee bars, ergonomic desks and white noise canceling technology.

“We’re excited to have a new home in Lawrenceville for our corporate headquarters and continue our commitment [to] job creation in New Jersey,” said Billtrust founder and CEO, Flint A. Lane. “The Billtrust culture is unique and this space reflects that with more collaborative spaces and state of the art technology which will allow our teammates to thrive.”

The new corporate headquarters houses all of the Billtrust New Jersey corporate offices under one roof for the first time since March 2015. The company operates five additional facilities, and is actively growing its teams in Denver and Chicago.

Synchronoss: Synchronoss (Bridgewater), which has had its share of financial problems recently, announced some good news. The company participated in a successful Proof of Concept (PoC) for a new cross-carrier mobile payment service based on the Rich Communications Services (RCS) global messaging standard and on TBCASoft’s cross-carrier blockchain platform. Synchronoss’ partners in this payments solution were SoftBank Corp., a Tokyo-based telecom carrier, and TBCASoft (Sunnyvale, Calif.), an “innovator” in cross-carrier blockchain platform technology.

Synchronoss President and CEO Glenn Lurie said: “Our PoC demonstrates how SoftBank is at the forefront in bringing to market new cutting edge technology through the use of blockchain as well as new RCS-based mobile services, which will disrupt the current messaging and payments market, creating new opportunities for customers, brands, and businesses.” He noted that this will drive incremental revenue for operators from messaging.

“RCS messaging will become the foundation for a new, feature-rich marketplace for brands and merchants, both large and small, to interact with subscribers,” he added. “With our expertise and global reach across multiple messaging platforms – not only RCS, but also email, IM, MMS and SMS, Synchronoss is ideally positioned to take advantage of this important new trend in mobile.”

Princeton Identity: Princeton Identity (Hamilton), a company that provides a biometric security system featuring iris identification, has received three new patents:

Patent 10042994 for Validation of the Right to Access an Object.
Patent 10025982 for Collecting and Targeting Marketing Data and Information Based upon Iris Identification.
Patent 10038691 for Authorization of a Financial Transaction.
The new patents represent applications of Princeton Identity’s unique approach to iris authentication in three very important areas: access, marketing and financial transactions. Using the techniques described in these patents, Princeton Identity advances the application of iris identification and personnel authentication beyond the domain of physical security; it anticipates the adoption of these technologies in the broader marketplace.

The company also announced that its iris-scanning technology was being used in the Samsung Galaxy Note9. Building on the successful integration of the technology into both the Galaxy S8 and S9 devices, Galaxy Note9 enables users to easily unlock their phones with a quick glance at the device, maximizing both security and convenience. The Samsung Galaxy Note9 was officially launched on August 9 at an event held in Brooklyn, N.Y.


Esther Surden is Publisher and Editor of NJTechWeekly, and a contributor to Philly Tech News. This article originally appeared in NJTechWeekly, and is republished here with her permission.











InstaMed Expands Philadelphia Headquarters Newly-created InstaMed Collaboration Center established to spark innovation through collaboration (Press Release)

­
InstaMed Expands Philadelphia Headquarters
Newly-created InstaMed Collaboration Center established to spark innovation through collaboration



September 20, 2018 09:00 AM Eastern Daylight Time
PHILADELPHIA--(BUSINESS WIRE)--InstaMed, healthcare’s most trusted payments network, announced today that it has expanded its Philadelphia headquarters, adding a third floor at 18th and JFK Boulevard. The new space will be anchored by the InstaMed Collaboration Center, a 3,200 square foot space to be used by payers, providers, consumers and healthcare IT vendors for innovation, demonstrations, training sessions and company meetings all intended to foster continued innovation that powers better healthcare payments experiences. Additionally, InstaMed will open its Collaboration Center to other creators and innovators in the Philadelphia business community with the belief that great achievements and innovations can be ignited and realized through collaboration.

“InstaMed is exclusively focused on healthcare payments and is committed to building a single network that simplifies the healthcare payments experience for all providers, payers and consumers. Collaboration has always been a key factor in our journey towards accomplishing this complex mission”
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InstaMed has grown to become the largest privately held Fintech and Healthcare IT company headquartered in Philadelphia with more than 275 employees. InstaMed’s growth has been fueled by building innovative, scalable solutions for healthcare providers and payers to address the rise in consumer healthcare expenses along with the need for the healthcare industry to move from legacy paper based transactions to electronic transactions. The InstaMed Network will process over $70 billion in healthcare payments in 2018 while connecting providers, payers and consumers for a better healthcare payments experience.

“InstaMed is exclusively focused on healthcare payments and is committed to building a single network that simplifies the healthcare payments experience for all providers, payers and consumers. Collaboration has always been a key factor in our journey towards accomplishing this complex mission,” explained Bill Marvin, President and CEO of InstaMed. “This new space will help us advance this important mission, and it will allow us to open up and share our assets and collaborative approach with other entrepreneurs and business leaders in the Philadelphia community.”





About InstaMed

InstaMed powers a better healthcare payments experience on one platform that connects consumers, providers and payers for every healthcare payment transaction. InstaMed’s patented, private cloud-based technology securely transforms healthcare payments by driving electronic transactions, moving money and healthcare data seamlessly and improving consumer satisfaction. Everyone benefits from InstaMed’s exclusive focus on healthcare, integration into any healthcare IT system, robust analytics and proven scale.

Contacts
Broadpath PR
Kevin Jurrens, 215-644-6504
kjurrens@broadpathpr.com


INSTAMED

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Contacts
Broadpath PR
Kevin Jurrens, 215-644-6504
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Comcast's acquisition of Sky; Insights & views

Tom Paine




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'“The price being paid for Sky is shocking, but it is a clear sign that legacy media companies are desperate for scale in a world dominated by tech platform giants,” said Richard Greenfield, technology and media analyst at research firm BTIG.'

"Sky also gives Comcast an immediate beachhead in online video streaming with its Now TV business, which has about 2 million customers."

https://www.reuters.com/article/us-sky-m-a-comcast/comcast-demonstrates-sky-high-ambition-in-global-media-shake-up-idUSKCN1M30R9



"The bigger picture: Fox still owns a 39% minority in Sky, which will go to the Walt Disney Company upon the completion of its acquisition of Fox's entertainment assets. Disney could potentially sell its minority stake to Comcast."

https://www.axios.com/comcast-prevails-fox-settlement-auction-sky-0ae9ca28-09b9-440c-9e7e-70f5272c49c9.html












"Crucially for Comcast, Sky has a growing video-streaming business. Roberts has said he was “terribly impressed” with Sky’s market-leading Q box platform, which is also a rich source of data on customer viewing behavior. Comcast estimates that owning Sky will create $500 million in synergies, partly through selling Sky content in the U.S. and NBC programming in Europe."
https://www.bloomberg.com/news/articles/2018-09-22/comcast-muscles-fox-aside-with-39-billion-offer-for-sky


Comcast Corporation Prevails with Highest Offer Price in Auction for Sky plc. (Press Release)



Comcast Corporation Prevails with Highest Offer Price in Auction for Sky plc
Announcement of Auction Result
Second Extension and Acceptance Level Update
Offer Extension and Acceptance Level Update
Comcast Corporation Statement on Twenty-First Century Fox
Publication of Offer Document
Comcast Corporation Increases Superior Cash Offer for Sky plc
Recommended Increased Cash Offer for Sky plc
Update on Comcast’s Superior Cash Offer for Sky
Adoption of Post-Offer Undertakings
Rule 2.7 Announcement
Comcast Announces Superior Cash Proposal For Sky
Rule 2.4 Announcement
Comcast Corporation Announces a Firm Superior Cash Offer for Sky plc
PRESENTATIONS AND TRANSCRIPTS

Investor Call Presentation
UK Investor Call
UK Investor Call Transcript
US Investor Call
US Investor Call Transcript
Morgan Stanley Investor Conference Transcript
Deutsche Bank Investor Conference Transcript
FINANCING ARRANGEMENTS

New Term Loan Credit Agreement
New Term Loan Credit Agreement Guarantee
New Fee Letter – Wells Fargo
New Fee Letter – Merrill Lynch
Bridge Amendment Agreement
Revolving Facility Agreement
Bridge Credit Agreement
Bridge Credit Agreement Guarantee
Term Loan Credit Agreement Guarantee
Term Loan Credit Agreement
Fee Letter
MUTUAL AGREEMENTS




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Alibaba and SAP Deepen Global Partnership to Accelerate Intelligent Enterprises in China (Press Release)


Alibaba and SAP Deepen Global Partnership to Accelerate Intelligent Enterprises in China

September 19, 2018 by SAP News

Hot Story
WALLDORF, Germany and HANGZHOU, China — Alibaba Group Holding Ltd. (NYSE:BABA) and SAP SE (NYSE: SAP) today announced plans to offer SAP S/4HANA Cloud and SAP Cloud Platform on Alibaba Cloud’s infrastructure as a service (IaaS) in China to help customers transition to the cloud and build intelligent enterprises.

Alibaba CEO Daniel Zhang and SAP CEO Bill McDermott outlined the expanded relationship today at the Computing Conference 2018 of Alibaba Group being held in Hangzhou, China.

Alibaba and SAP joined forces two years ago to deliver enterprise cloud solutions in China through Alibaba Cloud, the cloud computing arm of Alibaba Group, to help customers adapt to fast-changing market demands. Beginning today, the two companies will collaborate, co-innovate and jointly go to market to offer SAP S/4HANA Cloud, the digital cloud suite of choice to run a successful business in the cloud. Alibaba Cloud’s customers will also be able to deploy SAP Cloud Platform to extend their current business solutions, build new applications and integrate third-party technologies.

“China has been SAP’s second home for more than two decades,” said SAP Chief Executive Officer Bill McDermott. “Alibaba and SAP’s growing partnership expands our ability to empower digital China by building intelligent enterprises. SAP embraces the China Dream as we prepare for substantial expansion here in the years ahead.”

“We are pleased our partnership with SAP reached new heights today,” said Daniel Zhang, chief executive officer, Alibaba Group. “The availability of SAP’s globally renowned ERP system [SAP] S/4HANA Cloud on Alibaba Cloud is yet another milestone in our globalization strategy, and exemplary of our mission to make it easy to do business anywhere. We have formed a close collaboration with SAP in the past, and it is exciting for us to expand our partnership.”

“The entrepreneurs who believe and embrace the future, and who can leverage new thinking, new concepts and new technologies will be future winners,” said Jack Ma, executive chairman, Alibaba Group.

SAP S/4HANA Cloud brings intelligence to the enterprise with its AI-powered automation and predictive analytics, hands-free conversational UX and next-generation business processes. With SAP S/4HANA Cloud, companies can migrate core business processes at a lower cost, experience faster deployment and innovation cycles and see shortened time to value. A growing number of businesses in China are adopting SAP S/4HANA Cloud.

SAP Cloud Platform is an open platform as a service (PaaS) that provides a unique in-memory database and a set of technology and business services for building, extending and connecting enterprise applications. As an open and agile application and integration platform, SAP Cloud Platform enables customers to transform and rapidly develop new applications and cutting-edge technologies as well as personalize and customize existing ones.

Established in 2009, Alibaba Cloud is China’s largest provider of public cloud services and according to Gartner Inc., the company is also among the world’s top three IaaS providers. The partnership extends the global reach of SAP S/4HANA Cloud and SAP Cloud Platform to all top public clouds.

As part of the agreement, SAP will continue to employ Alibaba Cloud’s technology, and Alibaba will adopt SAP S/4HANA software to drive its own innovation and new business model.

Alibaba and SAP will explore further collaboration in areas around artificial intelligence, the Internet of Things, New Retail and New Manufacturing, all of which are new initiatives by Alibaba Group. The collaboration is expected to offer solutions that will drive further development in the area of digital transformation and maximize value to customers.

Visit the SAP News Center. Follow SAP on Twitter at @sapnews.

About Alibaba Group

Alibaba Group’s mission is to make it easy to do business anywhere. The company aims to build the future infrastructure of commerce. It envisions that its customers will meet, work and live at Alibaba, and that it will be a company that lasts at least 102 years.

About SAP

As market leader in enterprise application software, SAP (NYSE: SAP) helps companies of all sizes and industries run better. From back office to boardroom, warehouse to storefront, desktop to mobile device – SAP empowers people and organizations to work together more efficiently and use business insight more effectively to stay ahead of the competition. SAP applications and services enable more than 404,000 business and public sector customers to operate profitably, adapt continuously, and grow sustainably. For more information, visit www.sap.com.

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For customers interested in learning more about SAP products:
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For more information, press only:
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SAP News Center press room; press@sap.com
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Luica Mak, Alibaba Cloud, +44 7905471332, luica.mak@alibaba-inc.com