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
kjurrens@broadpathpr.com



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




About Comcast NBCUniversal
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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.

Note to editors:
To preview and download broadcast-standard stock footage and press photos digitally, please visit www.sap.com/photos. On this platform, you can find high resolution material for your media channels. To view video stories on diverse topics, visit www.sap-tv.com. From this site, you can embed videos into your own Web pages, share video via email links, and subscribe to RSS feeds from SAP TV.

For customers interested in learning more about SAP products:
Global Customer Center: +49 180 534-34-24
United States Only: 1 (800) 872-1SAP (1-800-872-1727)

For more information, press only:
Christina Zhang, SAP, +86 1380-100-9944, christina.zhang@sap.com
Rajiv Sekhri, SAP, +49 6227 7-74871, rajiv.sekhri@sap.com
Lesa Beber, SAP, +65 9646 5529, lesa.beber@sap.com
SAP News Center press room; press@sap.com
Jowie Law, Alibaba Cloud, +86 136 2571 9035, yukman.lym@alibaba-inc.com
Luica Mak, Alibaba Cloud, +44 7905471332, luica.mak@alibaba-inc.com



SAP, Alibaba team up on cloud services . (Reuters)


Philly EnterpriseTech News Daily Page 9/21: Meredith Perry steps aside; Adobe buys Marketo; SkyTV auction on Saturday; Rite Aid tragedy

Tom Paine




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uBeam wireless power’s CEO Meredith Perry steps aside amidst B2B pivot
. (TechCrunch)
Perry developed the concept while a Penn undergrad and rounded up investors for it.

Adobe confirms it's buying Marketo for $4.75 billion (CNBC)
No sign of any competition for Marketo. SAP vets are top Marketo execs.

Comcast's battle for Sky TV to be decided by one-day auction (Philly.com)
On Saturday; not clear who has broadcast rights to the auction.

Interesting topic: Who in Philly area uses what kind of computer resources to aid in drug development?
Celgene Advances Pharma Research and Discovery with the Help of AI . (Wired)


Maryland shooting witnesses describe 'shocking' incident at Rite Aid distribution center (Fox News)
Rite Aid, which recently sold many of its stores, is based in Camp Hill, PA.



Philly Enterprise Tech Daily Page 9/20: "One City", FanDuel welshes, Amazon & WaWa,

Tom Paine




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Philadelphia"s new "One City" financial information system, running on Oracle's E-Business Suite.  is expected to go live by year's end. "One City" will replace and integrate several functions that have always been separate since ancient times, including payroll, human resources, pensions, benefits and timekeeping.

However, given Philly's track record with new systems, and problems with municipal systems in general, One will be holding its breath until there are signs of success.



FanDuel temporarily messed up on the recalculation of odds for its New Jersey sports book, meaning that a gentleman who should have had a small payoff was suddenly an $82,000 winner. But FanDuel refused to pay out, instead offering $500 and three tickets to a Giants game, which may turn out to be worthless.

What usually happens to those who welsh on their bets in New Jersey?


Amazon is considering opening 3,000 Amazon Go Convenience Stores by 2021 , something that should give existing competitors pause. WaWa would likely continue to dominate it traditional home territory, but this could put other areas up for grab. Hey, a thought: Why doesn't Amazon speed up its expansion by acquiring WaWa?



EIR Healthcare, a company based in New York & Philly, has created a modular 'hospital room in a box' named " MedModular". It would allow for hospital expansion that would be less expensive and more rapid, the company says. The room model will be unveiled at an event in the Philadelphia area sometime in October.


Philly EnterpriseTech Daily Page 9/18




 Industry Spotlight: Pilot CEO Joe Fasone Takes On Business     Fiber   (Telecom Ramblings)

"But we've actually seen it the most prominently in Philadelphia, where we get a lot of demand coming from outside of downtown. It’s a bit of a reverse commuter situation where we're seeing office parks immediately outside of Philadelphia with greater demand for some of the connectivity than the traditional high-rise office buildings downtown. And we're pretty quick to cater to that demand because we have the ability optically to extend our reach to those places with ease."

https://www.telecomramblings.com/2018/09/industry-spotlight-pilot-ceo-joe-fasone-takes-business-fiber/

Sounds as if Comcast (and perhaps Verizon) are leaving a lot on the table for this company to pick up.

Fasone's approach seems very well though out, but its aways vulnerable to the big guys more directly taking on his niche.



Meanwhile, Comcast is launching against an incumbent in Rochester  (no, not NY).

http://www.unionleader.com/article/20180911/NEWS02/180919908





Oracle shares fall after revenue misses analyst estimates (CNBC)
https://www.cnbc.com/2018/09/17/oracle-earnings-q1-2019.html  
Hardly the end of the world for this huge, highly profitable giant which would probably continue producing large cash flows for 50 years while doing nothing. But these results may raise more questions about the pace of its cloud transition, at a time when its reporting is becoming less transparent. But in the meantime, Larry can rest easy. Though it may explain the "temporary" departure of Thomas Kurian.



 Comcast and Fox are on course to settle pursuit of Sky with a blind auction   (CNBC)

https://www.cnbc.com/2018/09/17/comcast-and-fox-on-course-to-settle-pursuit-of-sky-with-blind-auction.html


That's what it will come down to, unless some type of deal is reached this week. The UK has some arcane M&A rules. Not sure what purpose they serve.




DowDuPont names spin-off bosses for Corteva Ag, 'new' DuPont; will Breen sell DuPont pieces? / Inquirer

http://wwwont-2-spin-offs-name-breen-collins-as-top-bosses-20180917.html?2.philly.com/philly/blogs/inq-phillydeals/dowdup



And Kavanaugh's two ex-girlfriends used as character referenced are both named Maura?
What are the chances?



Sorry; I couldn't get competing formats properly aligned.









Salesforce's Benioff & wife buys Time Magazine, gives interview

Tom Paine




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Benioff / Wikipedia




Besides the thought that Benioff probably paid too much for Time (doesn't matter), the big question is do these things represent the beginning of Benioff's political career and the winding down of his current corporate career? My guess is yes.



Marc Benioff buys Time Magazine for $190 million (Axios)





Benioff on the big issues (SF Chronicle)


DisrupTV Featuring Gaurav Dhillon, Chairman & CEO at SnapLogic / Constellation Research



Philly EnterpriseTech Highlights 9/13/2018



Anaplan files for IPO a week after hiring its finance chief from Tesla (CNBC)
Some ex-SAP, SAP Ariba execs are with Anaplan, which filed for IPO today.


Adobe-Marketo Acquisition: What We Know So Far
Is SAP out of the picture? (CMSWire)

Hamilton Lane part of syndicate buying NEA spinoff portfolio . (PE Hub)
Philly investment fund playing major role in what amounts to a new VC funding model.


GE’s Digital Spinoff: What Does It Mean for the Internet of Things? . (SandHill)
After the company fell apart, what's really usable in GE's Predix code. Who should buy?


USA Technologies recovers a bit from fall

Tom Paine




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Malvern-based USA Technologies had a good bounceback day on Thursday, ending up 7.39% to close at $10.90. This follows a Tuesday announcement by the company that it is conducting an internal investigation into the accounting of certain of its present and past contractual arrangements and financial reporting controls. Post announcement, shares fell by as much as 33%.

So the shares are still off a good bit. But the indication is that some shareholders think that the news wasn't that bad and the selloff was overdone. There has been no public release of information by the company, however, that would ease concerns.

The company has been on a roll, and still has a market cap of $585 million. It provides electronic payment systems for remote devices such as vending machines.

Sometimes recent acquisitions can be the cause of these types of problems. USAT acquired Canteloupe Systems last November for $85 million.




AT&T'S BRIAN LESSER DIALS THE FUTURE. WILL ANYONE ANSWER? . (AD Age)
"Brian Lesser sits in the shadow of Comcast. It's an unusually cool New York City summer morning, and as Lesser, the CEO of AT&T's advertising and analytics unit, details his grandiose plans to upend the TV ad industry from the roof-deck of AT&T's offices in Rockefeller Center, the peacock logo of Comcast's NBC division looms in the background."


PhillyTech People News 9/5/2018: IoT, Clinical Trials tech leads

Edison Partners hires new partner, Daniel Herscovici.
Previously, Dan worked at Xfinity Home where he was senior vice president and general manager.

The Amazon-Berkshire-JPM health venture led by Atul Gawande has a COO: Jack Stoddard (CNBC)



CRF Health and Bracket announced the closing of their merger in early September, creating a leader in Clinical Trials Technology based in Wayne. Bracket's current CEO, Mike Nolte, will assume the role of CEO for the combined company. An experienced leadership team from both organizations will help guide the strategic direction of CRF Bracket, the company says in a release.



Rick Bulotta is now Director, Azure IoT Strategy for Microsoft. Bulotta said on LinkedIn that he'd be working part time for Microsoft, based out of the Philly area. Bulotta, who co-founded ThingWorx, also has his own shop.



Leading Philadelphia based visual search company, Slyce, was awarded the prize for Mobile Solution of the Year at the Retail Systems Awards 2018 held in London, England in June. The award came as recognition for the company’s work with Tommy Hilfiger in producing its snap to shop app, TommyNow Snap.

Ted Mann, CEO of Slyce, who was in London to collect the award said, “This award is a great achievement for the entire Slyce team who went above and beyond to bring TommyNow Snap to life. It’s also fantastic recognition in Europe, a market we believe will be a strong one for our technology going forward. The app itself was a huge success which we’re very proud of - even Tommy himself was quoted as saying that the technology marked a ‘breakthrough in shopping!”

Slyce provided the cutting edge visual search technology at the heart of the app, the 1st ever retail shopping app built entirely around the camera and visual search.


Slyce is now expanding into France and has been selected to join Lafayette Plug and Play - the premier business accelerator for the retail and e-commerce industries.




MissionOG recently made what it considers two important hires for the firm's future.

Michael Heller is now an operating partner at MissionOG. Previously, he was the president and co-founder of Argus Information & Advisory Services, an information services firm that serves the banking industry.

Liz Haerling is its new VP of finance. She joins MissionOG after ten years with Graham Partners.

Managing partner George Krautzel emphasized two things in an email note:
1) how MissionOG is attracting top talent to a growing investment firm here in Philly
2) how MissionOG continues to accelerate and build a world-class investment firm here in Center City




Q&A: Entercom Comms Head Esther-Mireya Tejeda Is Wooing Marketers Back To Radio
(Holmes Report)

Entercom Taps New HR, SVP and Names Pair of PDs . (RadioWorld)



Dilworth Paxson appoints new co-COOs; Raju to serve another term as CEO
(Philadelphia Business Journal)



Connexus Technology CEO Wins Philadelphia Business Journal Award (PR Newswire)


DrayNow Raises $5 Million in Series A Financing from Comcast Ventures and Osage Venture Partners

24.178.145.127 ­
DrayNow Raises $5 Million in Series A Financing from Comcast Ventures and Osage Venture Partners
The Intermodal trucking industry’s first technology platform for freight booking and tracking gains momentum in the hot shipping & logistics sector

August 28, 2018 08:00 AM Eastern Daylight Time
PHILADELPHIA--(BUSINESS WIRE)--DrayNow, the first real-time marketplace transforming the way Intermodal shipping brokers connect with available motor carriers, has completed its Series A funding of $5 million, led by Comcast Ventures and joined by Osage Venture Partners.

Philadelphia-based #tech #startup, @DrayNow completes its Series A funding of $5 Million led by @ComcastVentures and @OsageVP. DrayNow offers the first real-time marketplace for those working in #intermodal freight.
Tweet this
“We’re passionate about removing the friction and manual processes from this niche of transportation that has struggled to innovate,” said Mike Albert, founder and CEO of DrayNow. “Every stakeholder within the intermodal supply chain is asking for transparency and status updates in increments previously unimaginable due to our industry’s fragmentation.”

DrayNow is reinventing the way Intermodal freight moves over the critical first and last miles with a robust, tech-enabled marketplace. DrayNow’s instant load-booking app and match-making platform not only helps shippers and brokers connect to trucking capacity, it provides the first window into what’s happening with any given shipment at any time.

DrayNow will use the recent financing to grow its team and fuel an expansion into new geographies. At a time when the Intermodal industry is facing constrained capacity, with fewer than 5,000 carriers able to access Intermodal freight, DrayNow opens that market to another 845,000 carriers. The company’s steady revenue growth and freight volume increases throughout 2018 is validating the value of a more accessible, real-time marketplace.

“Over the past 6 months, 78% of the loads posted on our DrayNow Marketplace are taken in less than 20 minutes. Both sides of the business – brokers and carriers – are capitalizing on the simplicity and transparency of our real-time booking engine,” said Albert. “And it’s not just the ability to match freight to carriers that’s driving the interest, it’s a superior experience. We spent the past 6 months asking our customers and users what they need…and then refining our platform to deliver total visibility, greater operational efficiency and other tools to help improve overall quality of life. Now, with the support of our great partners, Comcast Ventures and Osage Venture Partners, we’re better positioned to swiftly move into new markets.”

“The shipping and logistics industry is an incredibly vital and growing part of our economy. Yet the Intermodal sector of the industry has seen very little technology enabling the match-making and operational efficiency it needs,” said Sam Landman, managing director of Comcast Ventures. “We invested in DrayNow because the team and the technology establishes a much more efficient method for moving freight. In addition to being the first mover in the space, DrayNow has demonstrated an ability to build and refine an offering that addresses its customers’ pain points.”

DrayNow’s prior financing included co-founder investment and seed funding from Genacast Ventures.

About DrayNow

DrayNow provides technology-driven solutions for the intermodal freight industry. Led by industry veterans, the company operates the first intermodal marketplace connecting brokers to available carriers. The DrayNow Marketplace is accessed by Third-Party Logistics (3PLs), Intermodal Marketing Companies (IMCs), and brokers through a desktop interface where users can view truck capacity in real-time, post loads, track load status and obtain electronic documents immediately. With DrayNow’s mobile application, truck drivers can get turnkey access to Intermodal freight, browse loads, compare rates and details, select loads, deliver loads and get paid faster.

About Comcast Ventures

Comcast Ventures is the venture capital affiliate of Comcast Corporation. Comcast Ventures invests in innovative businesses that represent the next generation of technologies that will change the way people live, work and interact.

About Osage Venture Partners

Osage Venture Partners (OVP) invests in early stage, business-to-business (B2B) software companies on the East Coast from its offices just outside of Philadelphia, PA. With over $175 million under management, OVP seeks to invest in determined and creative entrepreneurs and provide them with the capital and support required to build high-growth, market-leading businesses. For more information, visit www.osagepartners.com.

Contacts
Broadpath, Inc.
Christina Manning (for DrayNow)
215-644-6509
cmanning@broadpathpr.com


DRAYNOW
Release Summary
DrayNow, the first real-time marketplace transforming the Intermodal freight industry, completes its Series A funding of $5M led by Comcast Ventures.


#Hashtags
#tech #intermodal #startup
Contacts
Broadpath, Inc.
Christina Manning (for DrayNow)
215-644-6509
cmanning@broadpathpr.com

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Fireside Chat with Michael Rubin (Fanatics) | Disrupt SF 2018



Tabula Rasa HealthCare Acquires Mediture and eClusive

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Tabula Rasa HealthCare Acquires Mediture and eClusive
Mediture’s Electronic Health Record software solution and eClusive’s third party administrator services will expand TRHC’s presence in the PACE market and with other At-risk Providers
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September 04, 2018 08:00 ET | Source: Tabula Rasa HealthCare, Inc.
MOORESTOWN, N.J., Sept. 04, 2018 (GLOBE NEWSWIRE) -- Tabula Rasa HealthCare, Inc. (“TRHC”) (NASDAQ:TRHC), a healthcare technology company advancing the field of medication safety, today announced it has acquired Mediture and eClusive, a leading electronic health record solution and provider of third party administrator services in the PACE (Program of All-inclusive Care for the Elderly) market. Mediture and eClusive also service several managed long-term care organizations in the State of New York.

“We are thrilled to join the TRHC family, which shares our commitment to quality care,” said Steve Wosje, Mediture’s newly-appointed Chief Operations Officer and previous Director of Operations. “We have had a long-standing and productive relationship with the leadership of TRHC over the years and together have brought innovative integration solutions to clients.”

Mediture and eClusive will become part of TRHC’s new CareVention HealthCare (“CareVention”) technology and service division, which was created in response to PACE 2.0, a National PACE Association initiative to accelerate PACE growth. The CareVention division will offer an integrated technology platform, including advanced data analytics, as well as consulting services for PACE and other financially at-risk healthcare organizations to support growth and optimize the care they provide to their participants. PACE is a federal program, with 250 centers located in 31 states serving a growing number of eligible Medicare and Medicaid participants.

According to Joseph Filippoli, TRHC’s Executive Vice President and Chief Information Officer, Mediture and eClusive’s transition to Tabula Rasa HealthCare will be seamless for clients. Our number one priority is to ensure that our clients see a tangible benefit from the alignment of all of these services and technology. We expect to be able to present data to our clients in a way that will provide them with insights that were not available to them before, enhancing their ability to manage their PACE organizations and improving the quality of care they provide.”

TRHC’s CareVention division also includes TRHC subsidiary Capstone Performance Systems, its Peak Health Plan Management Services division, and will offer CareKinesis’ medication risk management and pharmacy services for PACE organizations across the country.

Morgan, Lewis & Bockius LLP served as legal counsel to TRHC.

About Tabula Rasa HealthCare
TRHC (NASDAQ:TRHC) is a leader in providing patient-specific, data-driven technology and solutions that enable healthcare organizations to optimize medication regimens to improve patient outcomes, reduce hospitalizations, lower healthcare costs and manage risk. TRHC provides solutions for a range of payers, providers and other healthcare organizations. For more information, visit TRHC.com. Follow us on Twitter @TabulaRasaHC for up-to-date information.

Forward-Looking Statements
This press release includes forward-looking statements that we believe to be reasonable as of today’s date. Such statements are identified by use of the words “anticipates,” “believes,” “estimates,” “expects,” “intends,” “plans,” “predicts,” “projects,” “should,” and similar expressions. These forward-looking statements are based on management’s expectations and assumptions as of the date of this press release. These forward-looking statements include, among other things, our goals and expectations regarding the acquisition of Mediture and eClusive. Actual results might differ materially from those explicit or implicit in the forward-looking statements. Important factors that could cause actual results to differ materially include: the risk that we may not be able to achieve our expectations for the acquisition due to challenges in integration and the inability to retain key employees; the need to innovate and provide useful products and services; risks related to changing healthcare and other applicable regulations; increasing consolidation in the healthcare industry; managing our growth effectively; our ability to adequately protect our intellectual property; and the other risk factors set forth from time to time in our filings with the SEC, including those factors discussed under the caption “Risk Factors” in our most recent annual report on Form 10-K, filed with the SEC on March 14, 2018, and in subsequent reports filed with or furnished to the SEC, copies of which are available free of charge within the Investor Relations section of the TRHC website http://ir.trhc.com or upon request from our Investor Relations Department. Any forward-looking statement speaks only as of the date on which it was made. TRHC assumes no obligation and does not intend to update these forward-looking statements, except as required by law, to reflect events or circumstances occurring after today’s date.

Media Contact
Dianne Semingson
dsemingson@TRHC.com
T: 215-870-0829



Philly Tech News Daily Page 9/5: Google will be broken up, warns 'Cable Cowboy' John Malone; SAP founder Plattnar worries about Social Media impact


https://twitter.com/phillytechnews/timelines/1037001368018542592 …


NY Times on how Comcast is trying to change corporate healthcare (& update on Accolade)


You’ll Never Guess Which Company Is Reinventing Health Benefits (NY Times)

"It’s hard to think of a company that seems less likely to transform health care.

It isn’t headquartered in Silicon Valley, with all the venture-backed start-ups. It’s not among the corporate giants — Amazon, Berkshire Hathaway and JPMorgan Chase — that recently announced, with much fanfare, a plan to overhaul the medical-industrial complex for their employees."


After slow start, health services firm to double workforce in Scottsdale (Phoenix Business Journal)

Technology fuels growth at Accolade health venture, 3 years after Concur founders took helm (GeekWire)


Curious if Comcast might some day acquire Accolade and sell its services to others. Long shot, outside of Network & Programming model, but its looking for new niches.

Geekwire article says Accolade currently at 900 employees, including 100 at co-headquarters in Seattle. Also adding to third base in Phoenix.
Surprisingly, headcount has not grown much since the Concur guys invested in it - maybe 30%.