TierPoint completes TekPark data center expansion


Tom Paine



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Ribbon cutting ceremony at TekPark last week with Jerry Kent, Chairman and CEO and Bob Hicks, Sr. Vice President-Operations, both holding the scissors /
Courtesy TierPoint


Data Center operator TierPoint this week announced the completion of its planned expansion of its TekPark data center near Allentown, Pennsylvania. The $12 million expansion adds nearly 14,000 sq. ft. of high-density data center space to the facility, bringing the total to nearly 43,000 sq. ft. The project additionally establishes baseline infrastructure to support the next phase of expansion, according to TierPoint.

TierPoint says it presold approximately 30 percent of the expansion to a northeast New Jersey financial services firm.

TierPoint operates six data centers in southeastern Pennsylvania. I profiled TierPoint and its national and regional expansion strategies earlier this year. Bob Hicks, TierPoint Senior Vice President of Operations, is responsible for its Pennsylvania operations. Last year, TierPoint completed an expansion of its Valley Forge data center that increased usable space by 150%.







St. Louis-based TierPoint now has 39 data centers in 20 markets with approximately 600,000 total square feet of raised floor space. It's headed by Jerry Kent, former CEO of cable firms Charter Communications and SuddenLink, and is backed by a powerful group of investors.

Previous Post: TierPoint: Local presence important part of national data center strategy




Links 9/30: Google Said to Tap Lazard to Review Potential Bid for Twitter; Healthcare IPO: Tabula Rasa of Moorestown raises $52M





Hoboken Train Crash (Video) / CBS NY



Dell Boomi’s Salesforce Integration Delivers Critical Visibility and Collaboration for Dell Technologies

Business Wire
Dell Boomi’s Salesforce Integration Delivers Critical Visibility and Collaboration for Dell Technologies
September 28, 2016 10:00 AM Eastern Daylight Time
ROUND ROCK, Texas--(BUSINESS WIRE)--Dell Boomi today announced its data and application integration technology is supplying critical interoperability between the Salesforce Sales Cloud CRM instances that were in place at Dell and EMC before the historic merger. By using Dell Boomi’s market-leading AtomSphere integration platform as a service (iPaaS) to unify the disparate Salesforce systems, Dell Technologies has achieved vital visibility and collaboration to drive immediate business impact in such areas as cross-sell of complementary Dell and EMC products, revenue forecasting, sales pipeline management and supply chain planning.

“Boomi’s lightweight footprint and ease of use made development very straightforward work. It’s an extremely agile, cost-effective and robust platform that in this case addresses a critical high-priority need.”
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When the Dell EMC transaction was announced, sales force readiness and revenue forecasting were identified as critical considerations for a seamless transition on day one and beyond. Bridging the gap between the dual Salesforce systems became a priority to avoid the error-prone inefficiencies of sales reps, account managers and finance professionals manually reconciling and reporting on data from disconnected systems. The Dell Boomi iPaaS platform, connecting any combination of cloud and on-premises applications without the burden of installing and maintaining integration software or appliances, was the ideal choice to integrate the Dell and EMC Salesforce instances.

Collaborating with EMC IT and end-users from both Dell and EMC, Dell’s IT team completed development and testing work in only a few weeks, after reconciling disparate business rules and processes at the two companies. Launched into production when the merger finalized, Dell Boomi’s real-time, bi-directional integration has enabled visibility and collaboration across the unified Dell Technologies global sales team, comprised of more than 40,000 sales professionals. Sales team members have a single view of more than 50,000 open opportunities across the newly combined company to pursue cross-sell synergies across complementary server, storage, virtualization and PC technologies in the combined portfolio. The sales team can also easily identify competing “hot spot” products to avoid potential opportunity and pipeline conflicts.

At the executive and planning levels, Dell Boomi’s integration enables insight and control for revenue forecasting, pipeline management and supply chain planning without the delay and cost of manually exporting data from standalone Salesforce systems. As a result, Dell Technologies has the comprehensive, real-time visibility needed to accurately forecast revenue, better manage the sales team, ensure optimal inventory of components and react quickly to challenges.

“Dell Boomi plays a crucial role in the Dell-EMC combination by providing our unified team of more than 40,000 sales reps with visibility and collaboration from day one,” said Chris McNabb, CEO of Dell Boomi. “By using Boomi to integrate separate Salesforce Sales Cloud applications at both Dell and EMC, Dell Technologies is poised for rapid time to value and business impact from the start.”

McNabb said he anticipated that Dell Boomi would play a key role across the newly combined Dell Technologies landscape, offering a broad range of proven and flexible solutions for data and application integration, master data management (MDM) and API management. Dell has utilized its Boomi platform for about a half-dozen previous internal integration projects, including connecting Microsoft Azure Active Directory to a third-party fulfillment system to automate licensing order processes. EMC was a Boomi user itself, relying on Boomi for integration between Salesforce and an Aprimo marketing tool.

“Dell Boomi is immensely valuable for a large enterprise to do any-to-any integrations across either cloud or on-premises systems,” McNabb continued. “That a small development team could accomplish this initial Salesforce integration in only a few weeks illustrates the time to value and ease of use that has made Dell Boomi a leader in the integration platform as a service market.”

Kate Parsons, business owner and IT integration lead for the project, said Dell Boomi was the ideal choice for the Salesforce integration project. “Boomi came through in flying colors to get our salesmakers collaborating on day one,” said Parsons. “Boomi’s lightweight footprint and ease of use made development very straightforward work. It’s an extremely agile, cost-effective and robust platform that in this case addresses a critical high-priority need.”

About Dell Boomi

Dell Boomi delivers the first and only multi-purpose PaaS for AtomSphere integration Platform as a Service (iPaaS), Master Data Management (MDM) and API Management, and enables customers to integrate any combination of cloud and on-premises applications without software, appliances or coding. Organizations of all sizes, from growing mid-market companies to very large enterprises, enjoy rapid time to value as a result of drastically reduced implementation times and substantial cost savings over traditional integration, MDM, and API management solutions. Visit http://www.boomi.com for more information.

About Dell Technologies

Dell Technologies is a unique family of businesses that provides the essential infrastructure for organizations to build their digital future, transform IT and protect their most important asset, information. The company services customers of all sizes across 180 countries – ranging from 98% of the Fortune 500 to individual consumers – with the industry’s most comprehensive and innovative portfolio from the edge to the core to the cloud. Visit http://www.delltechnologies.com for more information.

© Dell, EMC, Dell Boomi, and Dell Technologies are trademarks of Dell Inc. Dell disclaims any proprietary interest in the marks and names of others.



Links 9/29: FCC pulls Set-Top Box Proposal from meeting agenda at last minute; Is OpenStack finally heading for broad enterprise adoption?





Links 9/28: Harmonic latest to strike warrant agreement with Comcast; SAP buys IoT startup Plat.One





Commvault Celebrates 20 Years in NJ and 10 Years as a Public Company



Esther Surden

Publisher & Editor, NJTechWeekly.com




On Thursday, Commvault officials and 30 software developers rang the closing bell at the NASDAQ stock market. | Chiristopher Galluzzo



Commvault, the  tech company that built its headquarters on 55 acres in the former Ft. Monmouth area of Tinton Falls, threw itself a party Sept. 23 to celebrate the company’s 20th anniversary and its 10th anniversary as a public company.

Similar celebrations took place at Commvault offices throughout the world.

Employees poured into the company’s atrium to hear a proclamation from Gerald M. Turning, mayor of Tinton Falls, and some words about the occasion from Commvault Chairman, President and CEO N. Robert Hammer and COO Alan G. Bunte.

Commvault employs about 2,600 people in Tinton Falls and around the world. Officials told NJTechWeekly.com that the company is the largest software employer in New Jersey, aside from Verizon.

Among other accomplishments, the mayor’s proclamation mentioned the company’s relationship with High Technology High School (Lincroft), which includes scholarships, internships and mentoring to help develop the next generation of software engineers.

In his remarks, Hammer noted that most tech companies aren’t around after 20 years. “That we are is a testament to a good clear vision of the startup focusing on data.”  Bunte reflected that 20 years ago, the company had roughly $600,000 in the bank. “That would cover one and a half payrolls” today, he told the assembled group.

Although the market for data management has changed significantly over the course of the company’s history, Bunte said, “One thing has stayed the same. People still have a hard time finding their data, getting their data, recovering their data, etcetera. It’s been an interesting ride.”

During the event, NJTechWeekly.com asked Hammer where he sees the company going in the next five years. “We have a good solid foundation for growth,” he told us. “We are a data information management company, and our core business is around the management of data.

“Then we are extending that out to data creation, business process automation and analytics. In the future, we will be extending into software-defined storage and process-automation analytics. And with what we will do with our core [business], we can significantly grow the company over the next five years.”

Bunte added that his biggest challenge in the next five years will be to keep innovation going. “Size is the enemy of innovation. My job will be to keep the innovative culture and spirit and passion within the company as we continue to grow both in terms of revenue and in terms of customers.”

Commvault has a very employee-oriented culture, he said. “We do things only in the interest of customers, so we try to keep that presence pertinent. Then we are continually innovating, not just product and technology, but processes and ideas on how to run the company.” Trying to keep the pace of innovation going over the next five years will continue to challenge the company, he said, but Commvault is up to the challenge.

Asked if the company has enough space at its headquarters to accommodate the planned growth, Hammer noted that there wasn’t enough space in the building, but that there is enough space on the 55-acre campus.

 “We’re not moving. When we built this campus, we built it to triple the size [of our company] on this property.”





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.



Links 9/27: NBCU's Burke opens up on range of subjects; SAP's Altiscale acquisition official





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


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 9/26: InstaMed gets $50M investment; FreshDirect raises $189 million, Blue Apron said to be in IPO talks





PTC Announces Availability of Its ThingWorx Internet of Things Platform Running on SAP HANA®; Joins SAP® PartnerEdge® Program


PTC Announces Availability of Its ThingWorx Internet of Things Platform Running on SAP HANA®; Joins SAP® PartnerEdge® Program
ThingWorx Now Available; Delivers Comprehensive IoT Capabilities to Customers

September 22, 2016 02:15 PM Eastern Daylight Time
NEEDHAM, Mass.--(BUSINESS WIRE)--PTC (NASDAQ: PTC) today announced that it has joined the SAP® PartnerEdge® program as a partner that designs, develops and builds software integrated with SAP solutions. Through its participation in the program, PTC is now announcing the availability of its ThingWorx® Internet of Things (IoT) platform running on the SAP HANA® platform. The solution provides customers with essential IoT application development and analytics capabilities as well as innovative augmented reality functionality, powered by Vuforia®. PTC recently launched ThingWorx on the SAP App Center, where it will be marketed toward SAP customers and partners.

“How Smart, Connected Products are Transforming Companies”
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As an SAP partner, PTC made ThingWorx available using tools and resources available from the SAPPartnerEdge.com web site.

“Joining the SAP PartnerEdge program provides PTC with another highly regarded channel for distributing the ThingWorx platform,” said Jim Heppelmann, president and CEO, PTC. “By working with SAP, we are able to extend our leading IoT capabilities to a larger network of customers and partners, further enabling IoT innovation.”

ThingWorx, the centerpiece of PTC’s IoT technology portfolio, is comprised of a rapid application development platform, connectivity, machine learning anomaly detection, industrial connectivity, and augmented reality. These capabilities combine to deliver a comprehensive IoT technology stack that enables companies to securely connect assets, quickly create applications, and innovate new ways to capture and deliver value.

As an SAP partner in SAP PartnerEdge, PTC is empowered to build, market, and sell software apps on top of market-leading technology platforms such as SAP HANA Cloud Platform. The program provides the enablement tools, benefits, and support to facilitate building high-quality, disruptive applications focused on specific business needs – quickly and cost-effectively. The program provides access to all relevant SAP technologies in one simplified framework under a single, global contract.

PTC is participating at SAP TechEd® 2016, held from September 19-23 in Las Vegas. At SAP TechEd, PTC and ThingWorx partner EPAM are demonstrating how IoT and augmented reality automate service for customers running SAP solutions by connecting real-time product data into their business processes.

Additional Resources

ThingWorx Internet of Things Platform
Harvard Business Review: “How Smart, Connected Products are Transforming Companies,” authors PTC CEO Jim Heppelmann and Harvard Professor Michael Porter
About PTC (NASDAQ: PTC)
PTC has the most robust Internet of Things technology in the world. In 1986 we revolutionized digital 3D design. Now our leading IoT and AR platform and field-proven solutions bring together the physical and digital worlds to reinvent the way companies create, operate, and service products. With PTC technology, global manufacturers and an ecosystem of partners and developers can capitalize on the promise of the IoT today and drive the future of innovation.

PTC.com @PTC Blogs

PTC, ThingWorx, Vuforia, and the PTC logo are trademarks or registered trademarks of PTC Inc. or its subsidiaries in the United States and other countries.

SAP, SAP HANA, PartnerEdge, TechEd and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE (or an SAP affiliate company) in Germany and other countries. See http://www.sap.com/corporate-en/legal/copyright/index.epx for additional trademark information and notices.

All other product and service names mentioned are the trademarks of their respective companies.



Sunday highlights: Vanguard - Shift to index investing only in ‘early inning'; Will Oracle IaaS lure IT shops from public cloud leaders?





Saturday highlights: Teva teams with Intel on tech for Huntington's disease; Different opinions on Salesforce / Twitter talk





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





Marlton-based software firm eMaint Enterprises acquired by Fluke Corporation


Tom Paine



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Marlton-based eMaint Enterprises has been acquired by Everett, Washington-based Fluke Corporation. Terms were not disclosed.

Founded in 1996, eMaint is a leader in Computerized Maintenance Management Software (CMMS). It has 99 employees listed on LinkedIn, located in South Jersey, Florida, and Ireland. It was named to the Philadelphia 100 in 2015.

Given Fluke's strength in electronic test tools and software and eMaint's expertise in equipment maintenance software, it sounds like a potential Internet of Things play.

Fluke, a subsidiary of Fortive, has around 2500 employees. Fortive was spun off from Danaher Corporation this past summer. Fluke has a history dating back to the 1940s, when it was an early competitor to Hewlett Packard's original electronic instrumentation business.

Brian Samelson is eMaint's CEO and President, and Hannelore Fineman is EVP and founding partner.  Matt Ferry, chief strategy officer, was previously VP-Sales for Artisan Mobile.


In response to an email inquiry about future plans from Philly Tech News, a Fluke spokesperson said that "eMaint will continue to operate as is, with initial collaborations focused on opportunity-sharing between our two customer sets."

"Yes, there is absolutely an IIoT (Industrial Internet of Things) play here: connected teams, devices and systems is the number one priority for both companies. IIoT has opened so many opportunities for innovators to overcome previous barriers to maintenance productivity, especially at mid-sized manufacturers and field service orgs," the spokesperson added. "There are no specifics at this point in terms of future roadmap."



Links 9/22: Comcast buying remaining Flyers shares from Snider's estate; SAP and Bosch team up on Internet of Things





Rittenhouse Ventures Closes its Newest Fund




Rittenhouse Ventures Closes its Newest Fund


PHILADELPHIA, Sept. 22, 2016 /PRNewswire/ -- Rittenhouse Ventures today announced the final closing of Rittenhouse Fund II. At $18 million of committed capital, Rittenhouse II builds upon the firm's strong performance in the Rittenhouse Fund I portfolio, which includes Tabula Rasa Healthcare, Core Solutions, Halfpenny Technologies, and Take the Interview.

"Our mission is to partner with entrepreneurs to deliver right-sized investments, deep expertise, regional relationships, and successful financial outcomes," said Saul Richter, Co-Founder and Managing Partner. "We greatly appreciate our investors' shared vision in our focused investment strategy."

Based in Philadelphia, Rittenhouse Ventures targets investments in capital-efficient, Mid-Atlantic software companies that provide business-to-businesses solutions in healthcare, life sciences, finance, human resources, and general business services.

Rittenhouse II has already made seven investments—GSI Health, Kynectiv, Workplace Dynamics, Life.io, Haystack Informatics, WealthHub Solutions, and KickUp. The Rittenhouse team supports portfolio companies through its expertise in fundraising strategies, business operations, technical development, and market assessments. Rittenhouse Ventures also takes an active role in board leadership, connects entrepreneurs to its Directors Network, and hosts Portfolio Leaders Forum events.

Bruce Luehrs, Co-Founder and Managing Partner, explained, "Since 1998, our team has proudly served as capital providers to the region. In the process, we have developed a strong network of companies, executives, and investment partners that creates value for our portfolio."

Investors in Rittenhouse Fund II include Ben Franklin Technology Partners and Innovate in PA, run by the Commonwealth of Pennsylvania, along with distinguished individuals—CEOs, investors, and industry experts. "We've been proud to be part of the Rittenhouse story from the start," said Ben Franklin President and CEO, RoseAnn B. Rosenthal. "The Rittenhouse team is aligned with our focus on delivering the right capital and guidance to growing technology companies. They carefully execute an investment strategy that helps our region flourish in exciting ways."

About Rittenhouse Ventures

Over the past eight years, Rittenhouse Ventures, which manages $33 million of assets (AUM), has made 18 total investments in regional software companies. Rittenhouse promotes capital-efficient growth strategies for businesses with over $1 million in annual recurring revenue that seek $1-3 million in new capital. The Rittenhouse investment team has a proven track record of successfully partnering with companies from investment to exit, employing fundraising strategies that minimize entrepreneurs' dilution. Across the team's collective investment experience, exit values have exceeded $1 billion through acquisitions or initial public offerings.

SOURCE Rittenhouse Ventures

Related Links

http://rittenhouseventures.com
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Links 9/21: Charter follows Comcast with plan to offer Mobile Phone Service, Texas company acquires Center City digital media startu





Links 9/20: Comcast Plans To Launch Wireless Service Next Year; What will it look like?






Startup Takes Aim at Comcast, Time Warner With "Concierge Cable" Service (Hollywood Reporter)


Microsoft cloud chief: Our early IoT investment sets us apart from Amazon (ZDNet)

Salesforce Rises in Benioff's Shadow to Become a Force in Venture Capital (Bloomberg)
Although the dollar volume of its deals has slowed.

Unisys at 30: Selling cybersecurity, cloud service to its old hardware customers (Update) (Philly.com)




Links 9/15: Oracle's profit forecast misses estimates; Infor working with Morgan Stanley after investment interest - sources






Links 9/14: SAP's Concur Buys Hipmunk; Sapphire Ventures Joins the $1 Billion Club






Links 9/13: First Round, Edison & Osage in deals; DraftKings CEO leaves door open for possible FanDuel merger






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






Crazy Eddie's Eddie Antar dies


Tom Paine



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If you're too young to remember Eddie Antar, who died Saturday in New Jersey at 68, and his Crazy Eddie electronics chain, it was a trip. While it lasted.

I think people got high just to watch the ads.

But it was way too crazy to last.

By the way, Eddie Antar did not play the Crazy Eddie character in the ads.








Eddie Antar, Retailer and Felon Who Created Crazy Eddie, Dies at 68 (New York Times)



Sunday highlights: QVC cuts 100 jobs at West Chester HQ; Salesforce COO Keith Block has SAP on the brain again






Philly Tech People News 9/11/2016: Howard Morgan stepping down from First Round; Lentz of Osage Venture Partners is new PACT Chairman





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First Round Capital Says Goodbye to Co-Founder, Hello to New Fund (Fortune)

Nate Lentz of Osage Venture Partners Announced as New PACT Chairman; PACT welcomes five new Board Members, new Executive Committee Members and Board Emeritus (PACT)

Comcast's Theresa Hennesy Honored With Women in Technology Award (Cablefax)

Seth Winter Steps Down as Head of NBCU Sports Ad Sales
(Ad Age)

Coupa Hires Global Business Software Executive Steve Winter as Chief Revenue Officer (VentureBeat)
Coupa just filed for an IPO; Winter joins from Marketo, and before that was with SAP.

IntegriChain Adds Philadelphia Tech Veteran Geoffrey Young as Vice President of Engineering (Integrichain)

As VP of Recruiting & Talent Acquisition, Mark Constan helped to bring eMoney Advisor's (acquired by Fidelity) headcount from 150 to over 400 in 4+ years.
Now Constan has moved on to Moven, the New York-based fintech startup that houses much of its development staff in Radnor, as Director of Recruiting. He says they are hiring (of course). Moven is a 'disruptive' mobile-centric banking app.

Fox Rothschild announces management transition (Philadelphia Business Journal)

PEI-Genesis Names Jonathan Parry Managing Director -Europe (Business Wire)



Saturday highlights: How Pittsburgh Became Uber’s Testing Ground; Google Fiber ‘Very Pleased’ with TV Sign-Ups






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






Links 9/8: Howard Morgan stepping down from FRC; Curalate initial partner in Google's 'Shop the Look' ads






Nate Lentz of Osage Venture Partners Announced as New PACT Chairman; PACT welcomes five new Board Members, new Executive Committee Members and Board Emeritus


Nate Lentz of Osage Venture Partners Announced as New PACT Chairman
PACT welcomes five new Board Members, new Executive Committee Members and Board Emeritus

Philadelphia, September 7, 2016 - The Philadelphia Alliance for Capital and Technologies (PACT) proudly announces Nate Lentz, Managing Partner of Osage Venture Partners, as the new PACT Chairman of the Board. PACT also welcomes five new Board Members, new Executive Committee Members and a newly formed Board Emeritus that recognizes key founding leaders of PACT.

Nate Lentz
Nate joined Osage Venture Partners in 2008 and as Managing Partner oversees investment and portfolio management activities. He serves on the Board of Directors of BA-Insight, Canvas, InstaMed, OpsDataStore, PeopleLinx, Pneuron, RackWare, Sidecar, and Wylei. Nate also serves on the Board of Directors of Ben Franklin Southeast Pennsylvania.

“We are thrilled to work with Nate as the new PACT Chairman of the Board. His expertise in the investment and entrepreneurial communities will help drive PACT’s continued evolution into providing top notch programs and services for the community” said Dean Miller, President and CEO of PACT.

Five executives from PACT’s Founding Leaders also joined the Board of Directors:

Allen Born
Allen is a director at Fairmount Partners. He focuses on originating and executing middle-market investment banking transactions in the Internet and Digital Media sector. Allen has advised on exclusive sale assignments, buy-side transactions, financings, and various other strategic advisory assignments and has completed more than 50 transactions totaling over $13 billion in consideration.

Dave Burkavage
Dave is a Partner within EY’s Philadelphia Assurance practice and leads the Philadelphia Strategic Growth Markets Practice. Dave has 13 years of experience and has served numerous public and private clients, including health and life sciences, multinational diversified manufacturing, technology, technology services, private equity, and venture capital companies. Dave also has significant accounting, auditing, reporting and transaction experience, including experience with numerous significant business combinations for public and private companies, and numerous initial public offerings, secondary offerings and financings.

Ryan Hicke
Ryan is the head of SEI’s Wealth Platform. In this role, Ryan is responsible for the technology resource and delivery teams driving the creation, deployment and continuous innovation of SEI’s Wealth Platform globally. Ryan began his career with SEI in 1998 in the US, before moving to the UK in 2001. During his tenure in the UK, Ryan held many leadership roles including running the SWP UK business from 2012-2014. In his current role, Ryan is also a member of SEI’s Executive Committee.

Heather Hunter
Heather is the Vice President, Corporate Communications at Safeguard Scientifics (NYSE:SFE), which provides capital to technology-driven businesses in healthcare, financial services and digital media. Heather has more than 15 years’ experience working in a wide variety of industries including venture capital, healthcare, technology and commercial real estate with public and private, early-, growth- and late-stage companies. At Safeguard, Heather implements integrated marketing communications, investor relations, public relations, social media, branding, and corporate positioning strategies that foster business development, M&A and partnering opportunities.

Sean Denham
Sean is the Philadelphia Office Managing Partner at Grant Thornton. He previously served as the Assistant Managing Partner of the New York cluster and was responsible for the operations and quality for the entire New York practice. Concurrent with this role, he also served as the Audit Practice Leader for the Northeast region. Sean previously served for six years as the National Partner for Professional Standards responsible for the Northeast region. In that role, he was involved with the most complex accounting, auditing, and risk management matters.

PACT’s Board Emeritus recognizes select board members for their work, insights and support which have shaped PACT and elevated our entrepreneurial community. Each one of the inaugural members has helped to shape PACT from the early stages of its vision into reality. It consists of PACT’s Founding Chairman and three Founding Executive Committee Members. These individuals continue to play an active role on the PACT Board of Directors:

· Frank S. Hermance, Chairman & CEO, Ametek, PACT Founding Chairman Emeritus

· Charles Robins, Managing Director, Fairmount Partners, PACT Founding Executive Committee Emeritus

· Michael Forman, Chairman & CEO, Franklin Square, PACT Founding Executive Committee Emeritus

· Kate Shay, Partner, Duane Morris, PACT Founding Executive Committee Emeritus



Joining Dean Miller, Jonathan Brassington and Marc Lederman on the PACT Executive Committee are four board members:

· Nate Lentz, Chair

· Michael Heller, CEO, Cozen O’Connor

· Brian Lobley, SVP - Marketing, Consumer & Ancillary Business, Independence Blue Cross

· RoseAnn Rosenthal, President & CEO, Ben Franklin Technology Partners, SEP


“We are proud to welcome all of the new members of our board and committees. PACT could not function without the support and leadership of its Board of Directors, Board Emeritus, and Board Committees. Their ideas and collaboration lay the groundwork for PACT’s ultimate success,” explained Dean Miller.


PACT Board of Directors 2016 - 2017
Andrea R. Allon, COO, Greater Philadelphia Chamber of Commerce
Saul Behar, General Counsel, University City Science Center
Allen Born, Director, Fairmount Partners
Jonathan Brassington, CEO, LiquidHub
Dave Burkavage, Partner, EY
Andrew Cherry, Managing Director, KPMG LLP
Sean Denham, Office Managing Partner, Grant Thornton, LLP
David Egan, Senior Director of Enterprise Sales, Comcast Business
Guy Fardone, COO, EvolveIP
Robert W. Fesnak, Partner, RSM
Andrew Hamilton, Partner, Morgan Lewis & Bockius
Dennis Hancock, VP, Global Commercial Solutions, Pfizer
Michael S. Harrington, Partner, Fox Rothschild, LLP
Michael Heller, CEO, Cozen O’Connor
Ryan Hicke, Senior VP, SEI
Heather Hunter, Vice President, Corporate Communications, Safeguard Scientifics
Rich Kollender, Partner, Quaker Partners
Marc R. Lederman, Managing Partner, NewSpring Capital
Nate Lentz, Managing Partner, Osage Venture Partners
Brian Lobley, SVP - Marketing, Consumer & Ancillary Business, Independence Blue Cross
Lisa McCann, Principal – Information Technology, Vanguard
Vince Menichelli, Managing Director, Actua
Christopher S. Miller, Partner, Pepper Hamilton, LLP
Dean E. Miller, PACT, President & CEO
Bob Moul, CEO, Cloudamize
RoseAnn Rosenthal, President & CEO, Ben Franklin Technology Partners, SEP
Dave Spencer, Managing Director, East Market Unit, SAP
Sandra Stoneman, Partner, Duane Morris LLP
John Swartley, PhD, Associate Vice Provost for Research and Executive Director, Penn Center for Innovation (PCI), University of Pennsylvania
Harry Vitelli, VP, Construction and Field Applications, Bentley Systems, Inc.

PACT Board Emeritus
Frank S. Hermance, Chairman & CEO, Ametek, PACT Founding Chairman
Charles Robins, Managing Director, Fairmount Partners, PACT Founding Executive Committee
Michael Forman, Chairman & CEO, Franklin Square, PACT Founding Executive Committee
Kate Shay, Partner, Duane Morris, PACT Founding Executive Committee


For more information on PACT and its leadership, you can reach me via email or by phone at 609-790-6206.

About Philadelphia Alliance for Capital and Technologies (PACT)
Philadelphia Alliance for Capital and Technologies (PACT)’s vision is to be the go-to resource for fast growing companies, and a driver of entrepreneurship and innovation in the Philadelphia region. PACT provides its members with valuable content and connections to capital, coaching, and customers that will accelerate their growth and success, and to collaborate with other organizations to drive innovation and entrepreneurship in the region. Visit www.philadelphiapact.com for more information.





Links 9/7: Cable Service Giants Unite Against FCC's Set-Top Box Plan; Philly TV stations face secret auction of their airwaves






Vista Equity Partners to Acquire King of Prussia-based RDC






Business Wire September 6, 2016

NEW YORK & LONDON--(BUSINESS WIRE)--

Regulatory DataCorp, Inc. (“RDC”), the Trust Diligence™ leader across the Governance, Risk, and Compliance industry, today announced that it has been acquired from Bain Capital Ventures and others by Vista Equity Partners (“Vista”), a leading private equity firm focused on software, data and technology-enabled businesses. This acquisition will allow RDC to increase its investment in risk and compliance software and data solutions to help prevent financial crime.

Headquartered in King of Prussia, Pennsylvania, RDC is a leading provider of counterparty risk and financial regulatory compliance data and software solutions to financial institutions and technology companies, as well as sharing economy, social media, and multinational companies worldwide. By combining comprehensive data, a scalable platform, experienced analysts, and tailored analytics, RDC works as an extension to its customers’ compliance and safety teams, providing precise risk alerts and ongoing monitoring for enhanced protection and performance. RDC’s Global Regulatory Information Database (GRID™) of over 7 million profiles with risk-relevant information helps deliver exceptional risk coverage, leading the world’s largest financial institutions to implement RDC as a core part of their critical compliance systems.

“We pride ourselves in creating a culture of success and continually exceeding our customers’ expectations with innovative solutions to get the job done,” said Tom Obermaier, CEO of RDC. “We are excited to partner with the team at Vista, a firm which is truly revolutionizing the world of software and technology with its vision and expertise. We have enormous confidence in their partnership and look forward to all we will achieve together.”

Vista is partnering with RDC at a time of significant growth in the governance, risk, and compliance industry given the increasing need for state of the art analytics, high-quality risk intelligence data and software solutions. RDC is a leader in a significant part of what market research firm Markets and Markets describes as a more than $10 billion financial crime segment, which is projected to grow approximately 17% annually through 2020. This growth stems from leading financial institutions turning towards big data- and technology-enabled solutions to improve the efficiency and accuracy of their risk management function while reducing fines for non-compliance.

“More than ever before, companies are looking to harness the power of big data and analytics to provide them with the clarity and insight needed to prevent financial crimes, regulate risk, and improve compliance,” said Rob Rogers, Principal at Vista Equity Partners. “The value and leadership RDC brings to this critical business sector is unparalleled, and we look forward to being a part of their growth and continued success.”

Financial terms have not been disclosed.

About Vista Equity Partners

Vista Equity Partners, a U.S.-based private equity firm with offices in Austin, Chicago and San Francisco, with more than $26 billion in cumulative capital commitments, currently invests in software, data and technology-based organizations led by world-class management teams with long-term perspective. Vista is a value-added investor, contributing professional expertise and multi-level support towards companies realizing their full potential. Vista's investment approach is anchored by a sizable long-term capital base, experience in structuring technology-oriented transactions, and proven management techniques that yield flexibility and opportunity in private equity investing. For more information, please visit www.vistaequitypartners.com.

About Regulatory DataCorp

Regulatory DataCorp, Inc., the Trust Diligence™ company, delivers powerful, decision-ready intelligence and world-class risk and compliance protection, allowing global organizations to identify banned/suspect entities, strengthen fraud protection, ensure regulatory compliance, manage supply and distribution risk, and protect their brand equity. With the world’s largest open source risk-relevant database, RDC provides AML/KYC compliance; Politically Exposed Persons (PEP) protection; emerging market intelligence; corruption, fraud and crime protection; and vendor screening and monitoring to a wide range of clients worldwide. Learn more about RDC by emailing info@rdc.com or visiting www.rdc.com.

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PE firm Parthenon plans to begin a sales process for Wayne-based clinical trial technology provider Bracket after Labor Day


Tom Paine



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The Wall Street Journal reported last week (subscription) that PE firm Parthenon plans to begin a sales process for Wayne-based clinical trial technology provider Bracket after Labor Day. Parthenon purchased Bracket from Express Scripts in 2013.

At the time it was purchased in 2013, Bracket was reported to have 300 employees. Now it says it has over 500, and at the end of August announced the opening of a new space in Boston.

Prices in the clinical trial technology market are strong, as evidenced by the recently announced sale of Doylestown-based Bioclinica for $1.4 billion, although Bracket probably won't be valued in that range.



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Linode "experiencing a catastrophic DDoS attack" in Atlanta

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

Update - Some users may be experiencing delayed DNS resolution in Atlanta due to filtering that has been put in place. We are currently working to reconfigure where necessary and restore normal DNS resolution.
Sep 4, 20:13 UTC
Monitoring - We have implemented upstream mitigation at this time and Atlanta IP service has returned to normal. We will continue closely watching the situation for further adaptation to these measures.
Sep 4, 16:45 UTC
Identified - The attacks in Atlanta have returned and are significantly impacting connectivity. We are working toward mitigation.
Sep 4, 13:54 UTC


Monitoring - The attacks have not stopped yet and our Network Engineers are still actively mitigating the DDoS attacks. However, the status of the network has improved significantly, and customers who are not in the affected ranges should now be stable. If you are still experiencing connectivity issues or have a Linode in one of the affected ranges, please reach out to our Customer Support Team for assistance in obtaining an additional IP address as a temporary workaround.
Sep 4, 07:30 UTC


Linode Status
Connectivity Issues in Atlanta
Incident Report for Linode
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Update
We have been experiencing a catastrophic DDoS attack which is being spread across hundreds of different IP addresses in rapid succession, making mitigation extremely difficult. We are currently working with our upstreams to implement more complete mitigation.
Posted 38 minutes ago. Sep 04, 2016 - 00:45 UTC
Identified
We've identified a distributed DoS attack as the cause of impacted connectivity in Atlanta and we're working to mitigate it. Further updates will be provided as they become available.
Posted about 4 hours ago. Sep 03, 2016 - 21:14 UTC
This incident affects: Atlanta.
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PhillyTech People News 9/3/2016: Scott A. Snyder, Ph.D., joins Safeguard Scientifics as Senior Vice President, Managing Director, and Chief Technology and Innovation Officer





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 Scott A. Snyder, Ph.D.



Safeguard Scientifics, Inc. (NYSE: SFE) on Tuesday announced that Scott A. Snyder, Ph.D. has joined the company as Senior Vice President, Managing Director, and Chief Technology and Innovation Officer. Dr. Snyder is a recognized thought leader and has more than 25 years of experience in business leadership, strategic planning and technology management.

Company quote: "New position signals refined focus on technology-enabled businesses as the company leads the next wave of investment opportunities in an era of digital disruption."


Dr. Snyder comes to Safeguard from Mobiquity Inc., a leader in delivering innovative mobile and digital solutions for enterprises, where he was President and Chief Strategy Officer. He will continue to be Chairman of Mobiquity's Advisory Board. Dr. Snyder held executive positions with several Fortune 500 companies including GE, Martin Marietta, and Lockheed Martin, has been the CEO of a leading strategic planning firm, Decision Strategies International, and has also started several software business ventures.

Dr. Snyder earned his B.S., M.S., and Ph.D. in Systems Engineering from University of Pennsylvania.

Dr. Snyder has served on Safeguard's advisory board since 2006. He has authored a book entitled, "The New World of Wireless: How to Compete in the 4G Revolution".




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