PRINCETON UNIVERSITY TO HOST NEW JERSEY’S FIRST INTERNET2 GIGAPOP ACCESS POINT

Jay Dominick CIO of Princeton
Jay Dominick of Princeton at EdgeCon | Esther Surden

PRINCETON UNIVERSITY TO HOST NEW JERSEY’S FIRST INTERNET2 GIGAPOP ACCESS POINT

Esther Surden

Founder & Editor in Chief, NJTechWeekly

 January 22, 2020  Esther Surden2Around New Jerseycomputer scienceEmerging technologiesNewsNJ Universities,

Princeton University, in conjunction with NJ Edge and Rutgers University, will create New Jersey’s first Internet2 GigaPOP access point, said Jay Dominick, Princeton CIO and VP for Information Technology, at the EdgeCon conference earlier this month.

The Internet2 GigaPOP is the first in-state connection to the national and global research infrastructure. Internet2 is the nation’s premier backbone for conducting research to support education and teaching, Dominick said. “With the creation of the GigaPOP, New Jersey will now have a top-tier state-wide network.”

The access point will be turned on in April this year.

Princeton’s been a member of NJ Edge for a long time, but with this move, it will finally become a connected member, Dominick said.

“It is our hope and desire that this network, as it expands through New Jersey, brings widespread, continual benefit to the entire population of New Jersey, and particularly the universities and community colleges.” The high-speed connectivity that this brings, “100 gigabits or plus ground speeds, and into the national infrastructure, will put New Jersey at the top of what state-wide networks are, and what they can be,” he added.

He noted that Samuel Conn of NJ Edge created an environment where Princeton could come together with its partners, Rutgers University and Internet2, to make this investment in the state of New Jersey.

 Tags: Internet2Internet2 GigaPOPJay DominickNJ EdgePrinceton UniversitySam ConnPrevious:At NJ Edge, Network Expansion and Growth Translates into Economic Development, Conn Says.Next:‘Venture Catalyst’ Front Row Labs Holds Competition to Invest in Your Startup

About The Author

Esther Surden

Esther is the Founder and Editor in Chief of NJ Tech Weekly. This article is reposted here with her permission.

2 Comments

  •  Chris Tengi says:January 27, 2020 at 11:25 amFYI – I just reviewed the video of Jay Dominick’s speech, and the precise quote WRT “100 gigabits” is:“…the high-speed connectivity that this brings, 100 gigabits or plus, around the state and into the national infrastructure…”/ChrisReply

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Eddystone-based AeroAggregates of North America closes on $24 million growth equity investment (Press Release)

AeroAggregates of North America closes on $24 million growth equity investment from Valterra Partners to fund expansion including two new facilities in New England and the Southeast

EDDYSTONE, Pennsylvania – (January 28, 2020) – AeroAggregates of North America (“Aero” or the “Company”), a manufacturer of ultra‐lightweight foamed glass aggregate (“FGA”) utilized primarily in the infrastructure, construction and geotechnical engineering industries, has closed on a $24 million growth equity investment from Valterra Partners LLC (“Valterra”), a New York‐based private equity firm. The Company has announced that the proceeds from the transaction will be used to expand its existing facility in Eddystone, Pennsylvania as well as to fund the construction of two additional facilities in New England and the Southeast.

Based in Eddystone, Pennsylvania, Aero is North America’s only vertically‐integrated manufacturer of ultra‐lightweight, closed cell FGA. Aero’s products are manufactured in the USA from 100% recycled curbside glass, with each kiln saving more than 140 million bottles from landfill annually. Founded in 2012 by CEO Archie Filshill Ph.D., Aero is a leading provider of ultra‐lightweight material to some of the largest contractors and engineering firms in the country. Aero has been approved by the Federal Highway Administration as well as by the Departments of Transportation for numerous states following years of rigorous testing and successful projects at the county, state and federal level. Aero is proud to be a growing, US‐based manufacturer, providing a world‐class product and creating manufacturing jobs in its local markets.

Archie Filshill, Chief Executive Officer at Aero commented, “Our partnership with Valterra, which has a long track record supporting founder‐led businesses, provides Aero with a unique opportunity to accelerate its growth trajectory. In the coming years, we plan to continue to build‐out our intellectual property portfolio, manufacturing operations and distribution platform as well as to expand Aero’s product offering to new industry verticals where we believe foamed glass has unique and innovative applications. We are looking forward to opening our new facilities in New England and the Southeast over the next 12 months, allowing us to service a broader set of customers and end markets.”

Scott Macintosh, a Managing Partner at Valterra added, “Archie and the outstanding team at Aero have done an exceptional job building their customer relationships and proprietary production process. With this investment, we hope to continue the Company’s growth trajectory and to firmly establish Aero as the premier provider of FGA in North America. We have developed an excellent partnership with the Aero team and are looking forward to working together to expand the Company’s footprint across North America and beyond.”

ABOUT AEROAGGREGATES OF NORTH AMERICA

Based in Eddystone, Pennsylvania, AeroAggregates of North America is a vertically‐integrated manufacturer of ultra‐lightweight, closed cell foamed glass aggregate (“FGA”) used in the construction and geotechnical engineering industries. Its products, manufactured out of 100% recycled curbside glass, provide a low‐cost and sustainable solution for lightweight construction amidst increasingly stringent design and constructability requirements. Today’s civil engineering challenges include construction on soft soils, lateral load reduction for retaining walls and structures, insulating subgrade and backfill and the protection of underground utilities. Aero’s products provide an answer to these challenges and more by supplying an ultra‐lightweight material that is insulating, free‐draining, nonabsorbent, non‐combustible, and resistant to chemicals, rot and acid. For more information, please visit www.aeroaggregates.com.

Philly EnterpriseTech Highlights Jan 24-26

New: Moody’s to acquire King of Prussia-based RDC for $700 million http://bit.ly/38HVcat

Clayton Christensen 1952-2020

I never met the man, but it seems everyone who did praised his personality before speaking of his work.

Christensen attended the 2014 SAP SAPPHiRE NOW conference in Orlando, were he had a discussion with Hasso Plattner concerning in-memory software.  Plattner said, “SAP is the model candidate for the Innovator’s Dilemma; I see the Dilemma everywhere.”

He also was in town to address Phily’s Arts & Business Council at least twice, the last time less than a year ago. I would be interested in knowing if anyone can remember other occasions when he came to Philly.

Tom Peters probably wrote the most influential business management book of the 1980s, In Search of Excellence (1982). It was simplistic in a sense, and some execs simplified it even more than was intended. “Paralysis by Analysis”was the stated evil; American business over-analyzed things to death and became afraid to act. There was truth to that, no doubt, compared at the time to Japanese business that seemed to be always striving for continuous operational improvement. But I recall some execs reacting to the book by throwing out tons of reports, saying they weren’t needed anymore. There was almost an anti-intellectual , anti-quantitative nature to it.

Christensen’s The Innovator’s Dilemma (1997) was not a reaction to Peter’s work, but in some ways challenged it. Peters was keen on customer focus, but Christensen argued that the challenge was not to only to focus on existing customers, but non-customers segments with similar needs. Dilemma provided an important analytical framework for analyzing product lifecycles that didn’t formerly exist before. The Boston Consulting Group’s growth/share matrix, considered a major advance in strategic thinking at the time, was so limiting. Christensen must have realized that when he worked there.

Christensen was also a pretty good basketball player at BYU, and a Rhodes Scholar.

A few years back, every press release or businesss plan I saw for a startup claimed it was a disruptor, so the model was a bit overused. But at least it made people think.

Governor’s 2020-21 Budget Proposes $5 Million Increase for Ben Franklin

Ben Franklin Technology Partners of Pennsylvania

Investing in Pennsylvania’s Future

Governor’s 2020-21 Budget Proposes $5 Million Increase for Ben Franklin

Smart investments in innovation, high-tech development fuel Pa.’s economy

HARRISBURG, Pa. (Jan. 24, 2020) — Gov. Tom Wolf today announced that his proposed 2020-21 General Fund budget will include a $5 million increase for the Ben Franklin Technology Development Authority (BFTDA), which funds the statewide Ben Franklin Technology Partners initiative, one of the most widely known and emulated state technology-based economic development programs in the nation.

Ben Franklin Technology Partners serves all 67 counties through four regionally based centers in Pittsburgh, State College, Bethlehem and Philadelphia, with several satellite offices spread across the state. The initiative supports fledgling enterprises at their most vulnerable point — the early stages of commercialization and market development — and provides vital support services that clients cite as being key factors in their eventual success.

“Smart investments in innovation drive economic growth and ensure Pennsylvania continues to capture its share of emerging high-tech developments,” said Ryan E. Glenn, Ben Franklin’s Director of Statewide Initiatives. “In the nation’s highly competitive high-tech economy, every dollar matters. Investments in innovation will ensure our commonwealth remains a leader in supporting revolutionary technological developments, often driven by startups, that improve the human condition and address critical challenges now and in the future.”

Ben Franklin’s track record speaks for itself. According to an in-depth analysis by two independent nonpartisan research organizations, The Pennsylvania Economy League and KLIOS Consulting, every dollar invested by the state into Ben Franklin generates $3.90 in additional state taxes. Jobs created by Ben Franklin’s client industries pay an average of $79,364 annually, which is 52 percent more than the average non-farm wage in Pennsylvania.

Launched more than 35 years ago, Ben Franklin Technology Partners leverages the excellence of Pennsylvania’s colleges and universities to build and accelerate the development of technology-based industries through competitive investments in early-stage startups and funding for innovation in established manufacturers. The statewide initiative also supports university-based centers of excellence and promotes greater collaboration among academia, businesses, investors and government.

“That’s why this $5 million investment is so important — to help us continue the important work we do,” Ryan said. “We look forward to working with the governor and lawmakers to make it a reality as the state works to finalize a 2020-21 General Fund budget.”

For additional information, visit www.BenFranklin.org.

For a full copy of the in-depth analysis from The Pennsylvania Economy League and KLIOS Consulting detailing Ben Franklin’s success, visit www.BenFranklin.org/reports.

Sign up to receive weekly growth, jobs and innovation updates from Keystone Edge, a BFTP partner.

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TakeAways from Comcast’s 2019 Earnings Day

Tom Paine

Comcast added 261,000 mobile lines in Q4, ending the year with 2.05 million lines. Dave Watson, Comcast Cable’s president and CEO, attributed the rise in Xfinity Mobile lines in part to “real traction at retail” and a general maturity of the product.

AT&T recently said it is open to MVNO talks with cable operators. As of now Comcast relies almost completely on Verizon. It didn’t indicate yesterday whether it was open to pursuing other MVNO relationships. CFO Michael Cavanagh said Xfinity Mobile should become EBIDTA-positive for the full year in 2021

Comcast lost 671,000 residential pay-TV customers in 2019, compared to a 344,000 in 2018. It expects the trend to continue (or widen) in 2020.  For broadband-only subscribers, Comcast will bank on its new Xfinity Flex streaming platform to grow its subscriber base.

On Peacock: “We needed to pivot the whole company to the streaming world and I think what’s exciting is how well our cable company has done that,” Brian Roberts said. “Peacock will go right back for the advertisers and get you in a growing market, taking advantage of streaming with a free product as well.”

“With the rate adjustments that we are implementing in 2020, as well as the ongoing changes in consumer behavior, we expect higher video subscriber losses this year,” said Cavanagh.

Although TV Answer Man clarifies some confusion about price increases.

Comcast Cable operating margins remain near 40%.

NBCU’s Universal Studios was hurt largely because Cats was a bomb.

Richard Greenfield, an analyst with LightShed Partners, believes streaming is a superior delivery vehicle that goes against the heart of the legacy cable business model.

To top Earnings Day off, Comcast had a one hour nationwide outage yesterday afternoon.

Moody’s to acquire King of Prussia-based RDC for $700 million

Tom Paine

Regulatory Data Services (King of Prussia) announced today it was being acquired by Moody’s.

The price was $700 million, and Moody’s expects 2020 revenue to be $55 million. That’s a good price/sales ratio 0f 13:1, a bit higher than I would expect it to be. It indicates that better than average growth is expected.

RDC collects information from many different sources on both famous and infamous individuals and the organizations they are associated with. The key is to help financial institutions meet regulatory requirements for KYC (“know your customer”) and anti-money laundering. The terror threat and the financial crisis of the early 2000s resulted in much more onerous potential penalties for these events.

RDC was established in 2002 by a consortium of 20 of the world’s largest financial institutions. Vista Equity Partners, one of the largest tech PE firms, acquired RDC from Bain Capital Ventures in 2016 and was the seller today.

“RDC’s proprietary Global Regulatory Information Database (GRID) helps companies assess counterparties through a lens of more than 60 risk types by examining over 120,000 global sources, including adverse media coverage, politically exposed persons, government sanctions and regulatory watchlists. RDC’s platform incorporates industry-leading artificial intelligence (AI) for compliance screening to help process customer requests at greater speeds and accuracy while reducing false positives.”, Moody’s press release stated.

At Moody’s, RDC will be folded in with Bureau van Dijk, a 2017 acquisition that offers a similar product.

I knew Moody’s had great margins, but its current market value of $48.5 billion was a complete surprise to me.

Moody’s Analytics still has scores of people in West Chester, but its not clear if RDC will have anything to do with that business.

Tom Walsh is RDC’s CEO, and there is no mention in the press release of any forthcoming management changes. RDC has 544 employees according to LinkedIn.

Philly EnterpriseTech Highlights 1/23/2020: Comcast finding “traction” in mobile; Moody’s acquires KOP-based RDC