Philly Enterprise Tech News

Saturday Highlights: VC, Boomi CTO give 2017 Enterprise software forecasts

2017-01-14T08:59:00.000-05:00

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Salesforce’s Quip acquires Unity&Variety, a startup founded by Facebook veterans (VentureBeat)

This start-up hopes to be the high-tech answer for pet owners' many needs (Philly.com)

Comcast/NBC fired and insulted Trump and now faces a grudge-holding president (Philly.com)

Enterprise IT trends for 2017: ‘Fog’ computing, Internet sensors, the second coming of silicon … (Dharmesh Thakker, Battery Ventures / VentureBeat)

Dell Boomi 2017 Predictions: A glimpse into the future of business and personal technology (Michael Morton, Chief Technology Officer of Dell Boomi / VM Blog)

It’s Time to Transform ERP into a Systems of Engagement (Dion Hinchcliffe/Enterprise Irregulars)

Links 12/28: Disney World Bets Big on an Outsider; FTC Evaluating Privacy Issues Around Smart TVs

2016-12-28T10:27:00.003-05:00

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How Amazon’s Cloud Infrastructure for VMware Could Find More Uses
(Fortune)

Taking the measure of Google, IBM as AWS cloud rivals (Diginomica)

Telecom M&A Scenarios Trump Earnings Outlooks (Investor's Business Daily)

As Fios comes to Boston, Comcast holds its fire (Boston Globe)

Disney World Bets Big on an Outsider
(Motley Fool)

Comcast Scores Patent for Next-Gen Remote (Donahue Report)

FTC Evaluating Privacy Issues Around Smart TVs (Multichannel News)

PwC: Digital Advertising Up 20% in 3Q
(Broadcasting & Cable)

Pa. financial woes cause KOZ rejections in Philadelphia (Philadelphia Business Journal)

Links 12/27: Comcast's procurement czar; ‘OpenStack is not going to be an Amazon killer' - consultant

2016-12-27T11:00:00.002-05:00

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Veeva CEO Gassner On Why Big Pharma Loves The Cloud, 2017 Catalysts (Investor's Business Daily)

TaskRabbit’s Stalled Revolution (Bloomberg)
First Round Capital was a seed stage investor.

Marketing software firm Yext prepares for 2017 IPO: sources
(Reuters)

Comcast's 'Peter K' buys more than $15B as procurement czar (Philly.com)

‘OpenStack is not going to be an Amazon killer’: Open-source cloud tech faces U.S. market realities (GeekWire)

HCM marketplace spurs choice and eases integration of applications (SearchFinancialApplications)

SAP Takes MES to the Cloud (Automation World)

Walmart Slowly Makes Strides in E-Commerce (NY Times: DealBook)

Watch Comcast, tech scene leaders talk cultivating startups (Philadelphia Business Journal)

Links 12/8: Fortune's in-depth look at Vanguard; Microsoft's plans for LinkedIn now that its got it (Destroy CRM?)

2016-12-08T08:43:00.002-05:00

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Comcast partners with US Olympic Committee as AT&T ends three decade long sponsorship (The Drum)
Will Olympic logo go up over new Comcast tower?

Altice N.V. Explores IPO of Minority Interest in Altice USA (Multichannel News)
The French operator owns Cablevision and SuddenLink in the US.

Comcast CFO Underlines DOCSIS 3.1 and Chats Wireless Strategy (CED Magazine)
Wondering what DOCSIS means in an all-IP world, which is were Comcast intends to be in a couple of years.

Comcast is tuning up an online TV service (Philly.com)
Wonder which online service this is, the rumored mobile-first one that might roll out in tandem with the planned mobile service?
Perhaps story was result of misunderstanding.

Mutual Fund Giant Vanguard Flexes Its Muscles (Fortune)
In-depth look at the house that Jack built in the burbs.

Microsoft just completed its $26B LinkedIn acquisition: Here’s what they’re going to do first (GeekWire)
Two of the things:

- Developing a business news desk across our content ecosystem and MSN.com
- Redefining social selling through the combination of Sales Navigator and Dynamics 365

SAP is changing – the issues ahead as S/4HANA hits crunch time (Diginomica)

Dell Technologies Posts Q3 Sales Increase, Growth Outlook That Contrasts Sharply With Competitors (CRN)

Philadelphia CIOs Reveal Hiring Plans And Top Priorities For First Half Of 2017 (Robert Half)

Links 11/22: New Jersey Governor ends tax grab across the river; Urban Outfitters shares tank after company misses expectations

2016-11-22T09:38:00.002-05:00

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Sunoco Logistics to merge with parent company (Philly.com)

New Jersey Governor ends tax grab across the river; will keep reciprocity agreement in place with Pennsylvania (Bucks Local News)

Urban Outfitters shares tank after company misses EPS, sales expectations (Marketwatch)

Veeva Systems Q3 Earnings, Q4 Guidance Beat; Stock Up After Hours
(Investor's Business Daily)

Once enemies, Huawei and InterDigital are now allies brought together by patents (IAM)

AT&T, Comcast, Verizon Eye Next FCC Chair, Eisenach Front-Runner? (Investor's Business Daily)

Analyst: OTT Helps Boost TV Viewership (Multichannel News)

Sling TV to Stream to Comcast’s X1 Platform (Multichannel News)

UK & Ireland SAP User Group – 48% of members have no current S/4 HANA plans (Diginomica)

Using software to track contamination (Food Engineering)

Links 11/16: Infor eyes Oracle and SAP following $2bn injection by Koch Industries; RCN beats Comcast to gigabit speeds in Philadelphia area

2016-11-16T09:28:00.001-05:00

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Koch Industries Pours $2.5 Billion into Business Software Maker Infor (Fortune)

Infor eyes Oracle and SAP following $2bn injection by Koch Industries (Information Age)

GE Digital acquires ServiceMax for $915m to further IoT vision (Diginomica)
Some interesting tidbits in comments section.
Emergence Capital, which made huge gains from backing Veeva Systems, was also a big winner here. ServiceMax is Salesforce-native, as
was Veeva's initial product. Salesforce was also an investor in ServiceMax.

Comcast wires Center City, University City for fiber for $30M (Philly.com)

RCN beats Comcast to gigabit speeds in Philadelphia area (Philly.com)

Liberty Media CEO Says Trump Likely "Positive" for Cable Regulation, Sees Time Warner Deal Approval (Hollywood Reporter)

FCC abides by GOP request, deletes everything from meeting agenda (Ars Technica)

Wells Fargo to unveil robo-adviser partnership with SigFig (Reuters)

DraftKings and FanDuel To Merge (Dan Primack/LinkedIn)

Microsoft—yes, Microsoft—joins the Linux Foundation (Ars Technica)

Links 11/15: GE signs Exelon in its largest power-plant software deal; Digital Ocean opening new Cambridge office

2016-11-15T09:34:00.002-05:00

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Exclusive: IDG in advanced talks to sell itself to Chinese buyout group: sources (Reuters)
Is nothing sacred?

The meeting that made Marc Benioff run away from a deal with Microsoft (Recode)

What to expect when Salesforce reports earnings (Marketwatch)

GE signs Exelon in its largest power-plant software deal (Reuters)

Baltimore software firm eOriginal lands $25.6 million investment from LLR Partners (Baltimore Business Journal)

Trump spells doom for set-top box reforms at FCC, observers say (Philly.com)

Comcast takes $70 gigabit offer away from cities near Chicago (Ars Technica)

Former VMware and Akamai exec to head cloud startup's new Cambridge office (Boston Business Journal)

Links 11/9: United Internet (1&1) sells web hosting stake; delays IPO; How 2016 Wharton MBA grads flocked to Uber, Twitter, etc.

2016-11-09T08:53:00.001-05:00

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Dish’s Sling TV braces for onslaught from internet’s goliaths (Denver Post)

Netflix arrives on Comcast TV boxes, won’t be exempt from data cap (Ars Technica)

Cable
Altice purchase of Cable One not happening anytime soon, analyst says (FierceCable)

United Internet sells web hosting stake; delays IPO (Reuters)
This includes United's 1&1 Internet US unit, based in Chesterbrook.

Epic Systems VP defends company’s interoperability record (MedCity News)

How 2016 Wharton MBA grads flocked to Uber, Twitter and start-up firms (Philly.com)

Oracle closes NetSuite deal: Can it expand into midmarket, small enterprise? (ZDNet)

How LinkedIn Drove a Wedge Between Microsoft and Salesforce (New York Times)

Links 10/21: Report: AT&T Agrees In Principle To Buy Time Warner; SAP Raises Sales, Profit Forecast on Improved Cloud Outlook

2016-10-21T07:55:00.002-04:00

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Report: AT&T Agrees In Principle To Buy Time Warner (Reuters via Fortune)

Peter Chernin Poised for Top Time Warner Role If $85 Billion AT&T Deal Closes (Hollywood Reporter)

AT&T Is in Advanced Talks to Acquire Time Warner (Dow Jones via NASDAQ.com)

Why Wall Street Is Split Over a Possible AT&T-Time Warner Merger (Fortune)
"The logic behind AT&T acquiring Time Warner would likely be to counteract moves by Comcast, the cable giant that also owns NBC Universal, some analysts said."

SAP Raises Sales, Profit Forecast on Improved Cloud Outlook (Bloomberg)

INTERVIEW - SAP may mull dividend hike, modest share buyback - CFO (Reuters)

Infor Draws Full Buyout Interest From Advent, Apax, CVC (Bloomberg)

Many sites including Twitter, Shopify and Spotify suffering outage (TechCrunch)
Particularly along east coast.

Internet outage swoops in and out of the US this morning (CNET News)
Still appears to be some problems as of this afternoon. Twitter still unreachable as of 3:20pm.

DDoS on Dyn Impacts Twitter, Spotify, Reddit
(Krebs on Security)

Verizon: Street Rattled by New Signs of Vulnerability (Barron's Tech Trader Daily)

D&Z's Yoh buys $100M Starpoint Solutions
(Philly.com)

Links 10/18: Leaked email shows Salesforce once had Adobe on its target acquisition list; Qlik and Veeva Systems also on it

2016-10-18T11:29:00.002-04:00

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Leaked email shows Salesforce once had Adobe on its target acquisition list
(Business Insider)
Qlik and Veeva Systems also on list.

Fidelity to Launch Digital Advice Platform for Advisors (T3 Technology Hub)
Joint Fidelity/eMoney development.

Uber, Lyft closing in on permanent approval in Pennsylvania (PennLive)SsSs

IBM Falls Despite Cloud Growth: Margins Undermine ‘The Transition’ (Barron's Tech Trader Daily)

Tech Companies Expect Free High-Speed Internet for Poorer Americans to Pay Off Later (NY Times)

Layer3 TV conducting pre-launch tests in D.C., Boston and Houston (FierceCable)

Baobab Studios Lands $25M ‘B’ Round
(Multichannel News)

SAP to make SuccessFactors employee-management service available on Microsoft's Azure (ZDNet)

Zenefits is trying to move past controversy with the launch of its new HR platform (Recode)
Speaking of SuccessFactors, its founder, Lars Dalgaard, took considerable criticism for the Zenefits meltdown as its key sponsor at Andreessen Horowitz, and has a big investment in its attempted recovery.

Links 10/13: SAP’s CEO Is on a Mission to Reform Healthcare; Verizon Says Data Breach ‘Material’ to Yahoo Deal

2016-10-13T10:02:00.002-04:00

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Is Once-Rising Salesforce-Microsoft Partnership Now In Descent? (Investor's Business Daily)

SAP's S/4HANA Migration Pivot Offers Lessons For IT Pros (Information Week)

SAP’s CEO Is on a Mission to Reform Healthcare (Fortune)

VMware’s new cloud service will run on AWS (TechCrunch)

Amazon cloud boss Andy Jassy fires back at Oracle's Larry Ellison, says stats were 'made up' (Business Insider)
Ellison does throw out pure BS.

Berlin firm seeks $140 million tax break (Courier-Post)

Verizon Says Data Breach ‘Material’ to Yahoo Deal (Multichannel News)

Medical software’s search for a prescription to cure the ailing beast (Diginomica)

Links 10/5: Payoneer raises $180 million with help from Susquehanna Growth: Moxe Health raises $5.5 million led by Safeguard Scientifics

2016-10-05T05:32:00.002-04:00

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Payoneer raises $180 million to help businesses move money across borders (VentureBeat)
Bala Cynwyd-based Susquehanna Growth Equity, a preexisting investor, participated in this round in NY-based Payoneer.

Moxe Health raises $5.5 million (Milwaukee Journal Sentinel)
Safeguard Scientifics led round. Moxe Health came out of the healthcare IT ecosystem that has grown up around Madison-based Epic.

Why This [Veeva Systems] Could Be the Next $1 Billion Cloud Company (Fortune)

Vlocity slurps up cash to become the next Veeva (or the next several) (Computerworld)

Salesforce is getting killed after reports of CEO Marc Benioff being serious about buying Twitter (Business Insider)

Racing for infrastructure commodity status – your move? (Denis Pombriant / Diginomica)

Comcast hatches enterprise IoT venture, machineQ (ZDNet)

SGI Introduces Scale-Out Solution for SAP HANA (HPC Wire)

Workday Reaches Out to the Workforce of Tomorrow (Fortune)
What the article doesn't mention is that Workday's founders also built a substantial higher ed business at PeopleSoft.

Theranos to close Wellness Centers, labs, to focus on miniLab technology (CNBC)

How Not To Apply To An Accelerator (AlleyWatch)
By Andrew Ackerman, currently Managing Director in charge of DreamIt’s NY accelerator program.

Links 10/3: Salesforce is buying Krux for $340M in cash and stock; Qlik introduces web-based data visualization tool Qlik Playground for developers

2016-10-03T07:33:00.004-04:00

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BRIEF-BLR Partners reports 5.9 pct stake in CDI, says CDI shares "undervalued" (Reuters)

PennHealthX showcases med school alums in tech
(Daily Pennsylvanian)

The State of Salesforce – AI ambitions good, but sales people find Salesforce a chore
(Diginomica)

How Salesforce quietly became a launching pad for other companies (CNBC)

Why Isn’t CRM Adoption Higher? CRM Vendor Execs Weigh In (DestinationCRM)

To beef up in marketing tech, Salesforce is buying Krux for $340M in cash and stock, potentially $750M overall (TechCrunch)

Qlik introduces web-based data visualization tool Qlik Playground for developers to enjoy (Silicon Angle)

Netflix Rises on Takeover Speculation Ahead of Earnings (Bloomberg)

Hulu Drops Price For New Subs to $5.99 Per Month (Multichannel News)
Wonder what Comcast (1/3 owner) thought of that? Not even sure it can vote on decisions like that under the NBCU consent decree.

Salesforce in a gambling mode; if not Twitter it will soon be something else

2016-09-26T14:11:00.003-04:00

Tom Paine

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MegaChangeAgent

As Salesforce (CRM) is <a href="http://www.bloomberg.com/news/articles/2016-09-25/twitter-bidders-vying-for-data-would-inherit-the-doldrums-too"> evidently pondering a possible bid for Twitter</a>, one wonders where its share price has been over the past year (see chart).

Its 52 week range has been $52.60 - $84.48, though that's been up and down - not really growth, and it currently sits at $70.39 as of Friday's close. CRM's market cap has seemingly been stuck in the $50-55 billion range (until its recent drop). It was down almost 6% on word of its Twitter interest Friday. Market cap is important not only
because it reflects aggregate shareholder value, but because its the relative currency used to make acquisitions.

Factors that have influenced the stagnation of CRM shares include an ongoing correction of SaaS valuations, Salesforce customer and partner pipeline surveys by analysts showing hints of weakness in demand, and the potential dilutve effects and integration issues around Salesforce's rapid M&A expansion, which has led some to question its organic growth potential. Salesforce had beaten off the bears until its last earnings report at the end of August, when it barely met estimates and fell on weak future guidance. The revelation that Benioff aggressively pursued LinkedIn prior to the latter linking up with Microsoft, although making strategic sense at some price, further worried some investors.

With Salesforce's current market value under $50 million, buying Twitter could cost it up to half that amount or more. That's a risky strategy given an integration that would be trickier than for LinkedIn, unless someone at Salesforce thinks they've found the secret sauce in terms of leveraging Twitter data (they've been working with it).

I've had the sense from some of Benioff's comments and actions over the past year or so that he wants to do something really big to transform Salesforce and the enterprise SaaS business, that he's not happy standing pat. He's a bright guy who's been successful to this point, so I'm not going to quibble much with his judgment, but he's in a risk-taking mode and if Twitter doesn't happen something else eventually will.

Links 6/23: Twitter on the block; Barclays on InterDigital: IoT goal conservative

2016-09-23T11:14:00.004-04:00

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Report: Twitter wants to sell; potential suitors include Google, Salesforce (Ars Technica)

What price for Twitter? A lot, which might be a big issue for many buyers. (Recode)

Twitter Said to Work With Goldman Amid Informal Sale Talks (Bloomberg)
Article cites sources as saying Comcast not interested.

Oracle’s Ellison’s White Whale? Street Debates New Push Against Amazon (Barron's Tech Trader Daily)

Barclays On InterDigital: IoT Goal Conservative, Sees Continued Capital Returns (Benzinga)

Local fintech company raises $1.6M to accelerate growth (Philadelphia Business Journal)

Helicopter Parents Have Landed on Campus. Here’s How to Handle Them (EdSurge)

What the Hacking at
Yahoo Means for Verizon (NY Times)

Power Lines for Data Centers Continue Causing Rifts in N. Virginia (Data Center Knowledge)

Mall retailers limited by bandwidth when upgrading in-store technology (NorthJersey.com)

Links 9/12: Boomi outgrows its home, but plans to stay nearby; Analysts: Set-Top-Box Maker Arris Won't Be Hurt By FCC Opening Up Market

2016-09-12T10:05:00.002-04:00

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Boomi outgrows its home (Philly.com)

Notable build vs. buy activity in the API management market (451 Research)
In which Boomi is an important player.

OpenText Is Buying Dell-EMC's Content Division for $1.62 Billion (Fortune)
Documentum, the key asset, was once a leader in regulatory document management in life sciences, but lost ground. Revenue was $599m in 2015, down from $640m in 2014, The Register reported.

Following criticism from NBC chairman, Donald Trump will visit 'Tonight Show Starring Jimmy Fallon' this week
(LA Times)
Not Steve Burke.

How Donald Trump retooled his charity to spend other people’s money (Washington Post)
Including NBC's.

Thoma Bravo Raises $7.6 Billion Fund to Pursue More Tech Deals (NY Times: DealBook)
Thoma Bravo has been quite active in the Philly area lately.

Microsoft snatches HP CRM and service business from rivals Salesforce and Oracle (TechCrunch)

Salesforce agrees to buy commercial-texting firm HeyWire, its ninth purchase of 2016 (GeekWire)

Coupa, Twilio, and The Acceleration of SaaS
(Jason M. Lemkin / Enterprise Irregulars)

Google's Self-Driving Car Project Is Losing Out to Rivals (Bloomberg)

Set-Top-Box Maker Arris Won't Be Hurt By FCC Opening Up Market: Analysts (Investor's Business Daily)

Links 9/9: SAP Ariba competitor Coupa files to raise $75mm in IPO; Rovi Seals Deal for TiVo

2016-09-09T11:28:00.003-04:00

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Cloud spend management company Coupa files to raise $75 million in IPO (VentureBeat)
Coupa's closest competitor is probably SAP's Ariba in btob procurement.

Capgemini and SAP Partner Up for Digital Transformation (Consumer Goods Technology)

Accenture Continues On Salesforce Solution Provider Acquisition Path With Deal For New Energy Group (CRN)

'Exclusive: Private equity consortium vies for CenturyLink data centers - sources (Reuters)

Behind the scenes, NBC execs concede Matt Lauer forum performance was "disaster" (CNN)

Comcast, Charter, AT&T lament app-based set-top proposal they lobbied for, call it regulatory over-reach (FierceCable)

“While we appreciate that Chairman Wheeler has abandoned his discredited proposal to break apart cable and satellite services, his latest tortured approach is equally flawed,” said Comcast VP of Government Communication Sena Fitzmaurice in a statement.

Rovi Seals Deal for TiVo (Multichannel News)
But may have less presence (dating from Rovi) in the Philadelphia area.

Wells Fargo Offers Regrets, but Doesn’t Admit Misconduct (NY Times)

Links 9/6: SAP launches HANA-only version of Business Warehouse; Malvern-based edtech firm makes another in series of acquisitions

2016-09-06T08:53:00.003-04:00

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After a quiet summer, Twitter’s board will take a hard look at what comes next (Recode)

SAP launches HANA-only version of Business Warehouse (ZDNet)

Epicor Realigns Management Team After KKR Acquisition (Industrial Distribution)

Malvern-based educational tech firm makes 4th acquisition in 9 months (Philadelphia Business Journal)

Linode struck by ‘catastrophic DDoS attack’ over Labor Day weekend (Silicon Angle)

Genesys buys Interactive Intelligence for $1.4B: Is it just consolidation? (VentureBeat)

Oracle acquires cloud-based warehouse management company LogFire (VentureBeat)

Tales from Comcast’s data cap nation: Can the meter be trusted? (Ars Technica)

Streaming ‘CNBC for Millennials’ Cheddar to Expand to 8 Hours a Day (Videolink)
Comcast Ventures participates in $10 million Series B.

Monday Highlights: Who says IoT is dead - Siebel's C3 IoT Raises $70 Million; How McCausland's firm stand on Airgas won the day

2016-09-05T09:15:00.001-04:00

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Why Airgas Was Finally Sold, for $10 Billion Instead of $5 Billion (NY Times)

Salesforce: Jefferies Sees FYQ2 ‘Softness,’ But Billings Upside (Barron's: Tech Trader Daily)

Salesforce Posts Narrow Earnings Beat, But Shares Plunge After-Hours On Full-Year Guidance (Forbes)

Pearson standardises ERP estate on Oracle (Computing)

Tech Billionaire’s Data Startup C3 IoT Raises $70 Million (Bloomberg)
Some guy named Siebel.
"as investor enthusiasm for the so-called Internet of Things begins to wane", Bloomberg says. Really? Who's data? I think you've
really got to analyze it in terms of distinct IoT ecosystems.

How the CIO of a $39 billion pharmaceutical company [Merck] is quietly changing the tech-startup world (Business Insider)

N.J. tech firm Dorado Systems shuttering Old City office after one year (Philly.com)
SevOne is another I can think of that pulled out of the city.

Links 8/26: Here's the tech NBC built to stream the Olympics; Rackspace goes private in $4.3 billion acquisition

2016-08-26T11:33:00.005-04:00

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Here's the tech NBC built to stream the Olympics — now can it replace TV? (The Verge)

FOX Sports Go hits Apple TV, allows viewing of four games at once (TechCrunch)

Cloud giant Rackspace goes private in $4.3 billion acquisition (VentureBeat)

As Rackspace Sells to Apollo for $4.3B, Locals and Cloud Feel Impact (Xconomy Texas)

How Amazon, Microsoft, Google Crushed Verizon, AT&T In Cloud (Investor's Business Daily)

Amazon's fastest growing business has a surprisingly strong competitor in China (Business Insider)

Listen: New SAP Connected Health president discusses company’s plans (Med City News)

Google X's newest hire suggests it is trying to salvage its self-driving car business (Recode)

Biggest Starbucks Warehouse in the World Opening Next Month in Pennsylvania (CoStar Group)

Links 8/24: Salesforce's next big product to be called 'Einstein'; BAMTech signs deal with ACC Digital Network operator

2016-08-24T08:37:00.002-04:00

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Business Planners [such as Anaplan] Are Turning to the Cloud (Fortune)
Anaplan, now being run by two execs, one being chief revenue officer Paul Melchiorre (ex-SAP, iPipeline), is still looking for a CEO.

What Workday's New CFO Says About the Quest for Profitability
(Fortune)

Workday Surges 11%: FYQ2 Earnings Miss, Q3 Rev View Light (Barron's Tech Trader Daily)

Salesforce's next big product will be called 'Einstein' (Business Insider)

Verizon Fios First MVPD to Connect to Disney Movies Anywhere (Multichannel News)

BAMTech signs deal with ACC Digital Network operator (FierceCable)

Google Fiber, AT&T, Comcast fail to strike deal at meeting (The Tennessean)

This Founder Finally Made it to the NBA -- With an Analytics Tool (Entrepreneur)
With Computer Science degree from Penn, launches sports analytics biz.

Introducing The First Voice-Activated Hotel Room (Fast Company)

Sorry ESPN, But DraftKings and FanDuel Didn't Implode (Fortune)

SAP invests in Vivanda, a food digitization, big data company (ZDNet)

Philly Ad Club’s Program on Programmatic: Experts Discuss Current and Future Trends (Garfield Group)

As Qlik's purchase is consummated, Tableau names AWS vet as new CEO

2016-08-22T21:30:00.001-04:00

Tom Paine

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Done Deal.

That was the word today, as Thoma Bravo announced it had completed its $3 billion buyout of business intelligence vendor Qlik.

The private equity deal, reached in early June, was approved by Qlik shareholders last week. Shares of Qlik common stock were removed from listing on The NASDAQ Stock Market, with trading in Qlik shares suspended prior to the opening of business today.

Although the Philly area loses a major, publicly traded tech firm, at least Qlik remains based in Radnor. Although nothing is immutable; there is always a chance that the company, which has about 10% of approximately 2500 employees based out of Radnor, might be subject to some future combination with a company based elsewhere, and headquarters is usually the first to go in such situations.

In its last earnings report as a public company in July, Qlik reported revenue of $180.6 million and a net GAAP loss of 7 cents per share.

Though Thoma Bravo has no particular tie to the Philadelphia area that I know of, it now has four portfolio companies here. The other three are Elemica (Wayne), iPipeline (Exton), and Sparta Systems (Hamilton, NJ).

Ironically, the closest to being Qlik's arch rival, Seattle-based Tableau, today announced that Amazon Web Services veteran Adam Selipsky will become Tableau’s new CEO, replacing co-founder Christian Chabot, who will remain as chairman. That Selipsky comes from AWS may be an indictor of a greater emphasis on Tableau's cloud offering in the future.

Tableau, which had been on a torrid growth pace, lost almost 50% of its value on one day in February of this year after a missed forecast and hasn't really recovered since. In its most recent quarter Tableau reported a net GAAP loss of $47.5 million on revenue
of $198.5 million.

Links 8/22: Comcast's NBCUniversal completes purchase of DreamWorks Animation; Rovi to close on TiVo September 7

2016-08-22T10:05:00.001-04:00

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Comcast's NBCUniversal completes purchase of DreamWorks Animation (LA Times)

Cinven to acquire pharmaceutical research firm Bioclinica (Reuters)
Price is reported to be $1.4 billion.
Bioclinica is based in Doylestown.

Enterprise Software's Future (Tech News World)

Supply Chain Software Firms JDA Rebuffs Honeywell Takeover (Pymnts)

Oracle's Hardware Chief Will Now Lead Its Cloud Effort (Fortune)

Tableau hires Amazon vet Adam Selipsky as new CEO; co-founder Christian Chabot stays as chairman (GeekWire)

SAP Offers 'Cloud Choice' Initiative To Expand Ranks Of Cloud Channel Partners (CRN)

Apple acquires health data startup Gliimpse (The Verge)

Rovi to Close on TiVo September 7 (Light Reading)

MediaBrix raises $6.5 million to make mobile ads more ’emotionally charged’ (VentureBeat)
Edison Partners leads round.

How Pittsburgh Birthed the Age of the Self-Driving Car
(Wired)

Links 8/19: Comcast’s $70 gigabit offer is only good in cities with Google Fiber; Digging Into Walmart's Deal for Jet.com

2016-08-19T07:43:00.002-04:00

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Uber Aims for an Edge in the Race for a Self-Driving Future (NY Times)

Comcast to FCC: BDS rate regulations could chill broadband investments (FierceTelecom)

Comcast will offer $70 gigabit Internet in Chicago after all [Updated] (Ars Technica)

Hulu’s live TV service will lose “real money” at around $40, analyst says (FierceCable)

Pew: Phila. forgoes $215M annually from business tax incentives, exemptions (Philadelphia Business Journal)

Veeva Helps The Medicine Go Down Faster for Drug Giants (Investor's Business Daily)

Digging Into Walmart's Deal for Jet.com
(Fortune)

BRIEF-JDA Announces $570 Million Equity Investment from Blackstone and New Mountain Capital (Reuters)

Gartner: Amazon is the IaaS King, Microsoft and Google Gaining Ground (ASUG News)

Amazon now lets you rent its virtual desktops, Amazon WorkSpaces, by the hour (TechCrunch)

Links 8/16: Jet.com's 'mafia' to live on in Jersey; Anonymous fund manager oversees $800 Billion for Vanguard

2016-08-16T08:30:00.004-04:00

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This Basically Anonymous Fund Manager Oversees $800 Billion (Bloomberg)
At Vanguard, of course.

Jet.com's 'mafia': The good news for New Jersey's technology ecosystem (James Barrood, New Jersey Tech Council/ NJBiz)

Inside Oracle's Acquisition Machine (Fortune)

Early users of SAP IoT platforms report real business benefits (SearchSAP)

Blackstone challenges Honeywell with JDA financing plan - sources (Reuters)

Tech Unicorn Valuations Are In Trouble (Reuters via Fortune)

Gartner's 2016 Hype Cycle for Emerging Technologies Identifies Three Key Trends That Organizations Must Track to Gain Competitive Advantage (Gartner News)

IBM: Oppenheimer Prefers the ‘Show Me’ Story at Tableau (Barron's Tech Trader Daily)

Once Taunted by Steve Jobs, Companies Are Now Big Customers of Apple (NY Times)

PSA evolution part 2 – how I’d like to see PSA software develop (Brian Sommer / Diginomica)

AT&T exec discusses 'power of combining' video and wireless (SNL)

Too Early For AT&T, Comcast To Celebrate Google Broadband Delay (Investor's Business Daily)

Pixelligent raises $10.4 million to expand nanocrystal manufacturing for OLED material (Baltimore Sun)