August 29, 2012 |
Following an industry trend, tech giant IBM announced that it would acquire Kenexa Corp., the Wayne-based human-resources software company, for $1.3 billion or $46 a share. On Friday, Kenexa shares closed at $32.39. IBM's willingness to pay a premium for the shares shows its eagerness to tap into the human-resource and talent-management software segment, one of the fastest growing segments of software used by businesses for their operations. This year, Oracle and SAP also bought human-resource software companies, both of them Kenexa competitors.
August 4, 2012 |
NEW YORK - It's turning out to be one costly glitch. A technical problem that briefly threw dozens of stocks into chaos Wednesday will cost Knight Capital Group $440 million, the trading firm said Thursday. Knight's own stock plunged for a second day, erasing 75 percent of its value in two days. Knight also said it was pursuing ways to raise money to fund the expense, prompting questions about the firm's viability. Several financial institutions said they had stopped trading with Knight, at least temporarily.
July 28, 2012 |
Want to see how your kitchen will look dressed in a nice sky blue? Or see if you'd like a set of chairs in that breakfast nook? What about checking out the view from the kitchen table after you knock out the dining room wall - without opening a can of paint, moving a piece of furniture, or swinging a sledgehammer? With this kind of power, who needs a professional? Lots of DIYers, apparently. As the market bulges with do-it-yourself interior design software - the most popular comes from Chief Architect, Better Homes & Gardens, and even HGTV - interior designers have felt the impact, just not in the way you might think.
April 23, 2012 |
The Philadelphia region finally was home to one of the nation's biggest venture capital deals last quarter. Unfortunately, what the company does won't set imaginations afire because, I'm sorry to say, developing software for the insurance industry just isn't as sexy as, say, software to help you organize and share your digital photos. Still, Exton-based iPipeline Inc. did raise $71.44 million in January, good enough to place No. 8 on a list of the nation's largest venture deals included in the PricewaterhouseCoopers/National Venture Capital Association MoneyTree Report, released Friday.
April 3, 2012 |
FOR A WHILE there, it seemed like serious "hi-fi" sound was going down for the count. Digital music players, stressing cutes and convenience, have made bulkier - but better-sounding - CD players and discs seem old-school. Low-fi, DIY basement recordists suggest it's cool to cut corners on miking and studio acoustics, minor details that add so much warmth, realism and connection between music maker and listener. And don't get me started about the chilly artificiality of the whole electronica/dance pop scene.
March 23, 2012 |
Jeremy Bloom - former Olympic skier, Philadelphia Eagle, and nonprofit-foundation boss - has been raising millions for his next career: replacing corporate ad-purchase professionals with automatic ad-view and spend-tracking software. Bloom's company, Integrate, said this week that it has raised $11 million from Comcast Ventures, cable-TV mogul John Malone's Liberty Global, and the Colorado-based Foundry Group. Foundry also invested $4.2 million in 2010. Integrate says it helps advertisers mine today's complex media markets - in which Americans are split into many thousands of micro-audiences - by sorting the enormous piles of our browsing and shopping data collected by websites, media companies, and merchants and then using it to rank viewership and purchases that follow consumer exposure to ads. The system replaces people with software.
January 29, 2012 |
BioClinica Inc. is a bit unusual these days in the region's pharmaceutical industry. It is hiring. The company creates computer software to read and measure images, such as brain scans of tumors, and to digest the huge amounts of data related to clinical studies that drug companies sponsor. The company had 522 employees at the end of 2011 and hopes to add 55 by year's end, with most of the current job listings pegged for headquarters in Newtown, Bucks County, and its site in Audubon, Montgomery County.
January 21, 2012 |
Aharon Wasserman was frustrated by the sheaves of papers he received every night. As deputy field director in the Georgia office of Barack Obama's 2008 presidential campaign, the Cumberland County, N.J., native's job was to collate daily canvassing reports, crunching data on issues such as who got registered and who was likely to vote. One evening, the 21-year-old Rutgers University junior, who had taken a leave to join the campaign, grabbed another young staff member, Justin Lewis, "who wasn't so good at knocking on doors, but was pretty good at programming," Wasserman recalled recently.
January 17, 2012
In the Region GMH to develop student housing Real estate developer GMH Capital Partners , of Newtown Square, said it acquired 23 acres of land near the campus of Salisbury University in Salisbury, Md., where it expects to build housing for 696 students. The company also has an option to acquire an adjacent 27 acres for future development. Financial terms of the deal were not disclosed. - Inquirer staff Google in online safety push Google Inc. said it was launching an advertising campaign to inform consumers about online safety.
January 17, 2012 |
TRENTON - More than five years after New Jersey passed a law to start tracking prescription drug use, the state will launch a database to monitor use of dangerous drugs with the intent of helping doctors spot abusers more quickly and authorities stop drug dealers. The database, which has been collecting information since Sept. 1, contains more than four million prescriptions. Starting this month, doctors and pharmacies, including mail-order operations, can access detailed patient information on prescriptions for painkillers, steroids, sedatives, and stimulants.