December 28, 2012 |
Liquent Inc., of Horsham, has been acquired by Parexel International Corp. for $72 million in cash. Founded in 1994, Liquent develops software that helps more than 200 biopharmaceutical and life-sciences companies manage their regulatory submissions and product registrations. It has about 300 employees at offices in the United Kingdom, Germany, and India, and about 100 at its Montgomery County headquarters. Parexel, of Waltham, Mass., also provides a variety of services to the life-sciences industry, including clinical-trials management, biostatistical analysis, and medical communications.
November 29, 2012
PATCO riders currently cannot use credit or debit cards to add value to their Freedom fare cards because of a software problem, PATCO officials said Tuesday. "The problem surfaced on Saturday evening and PATCO is working to resolve it as soon as possible," said spokesman Tim Ireland. Customers can use cash at machines in PATCO stations to add value to their cards. Those who have signed up for automatic value reloads are not affected by the software malfunction, Ireland said. - Paul Nussbaum
October 26, 2012 |
In people years, the World Wide Web is barely 21. In technology time, it sometimes seems like eons since the first website went online in 1991, as the personal computer has morphed into increasingly powerful desktops, laptops, smartphones and tablets. Innovations, companies and devices have come and gone in the years since - which makes it all the more remarkable that we're focused this week on announcements by Apple and Microsoft, two players there at the start thanks to their pre-Web origins.
October 24, 2012 |
HARRISBURG - A proposed tax incentive designed to attract software giant Oracle to the Pennsylvania State University area and worth millions to other businesses that hire Pennsylvania workers is awaiting Gov. Corbett's signature after clearing the state House and Senate in the waning days of the 2011-2012 session. The bill would allow employers that hire 250 new workers to keep 95 percent of the workers' state income taxes, money that would otherwise be sent to the state treasury.
October 3, 2012 |
Paul Melchiorre is one of those smart South Philly kids who moved uptown - "from 20th and McKean, to 20th and Delancey," near Rittenhouse Square. And beyond. Melchiorre was one of business-software giant SAP America's first hires when the German-headquartered company picked suburban Philadelphia for its home in the early 1990s. He headed sales. He left in 1998 to join Ariba , the networking-software company with a blue-chip client list, which was bought by SAP for $4.5 billion Monday.
September 15, 2012 |
Zillow Inc., which operates the largest U.S. real estate information website, has filed a patent-infringement suit against competitor Trulia Inc. over a software program that helps make home valuations more accurate. Zillow claims Trulia is infringing a patent for its Zestimate home-valuation service, which lets homeowners and real-estate agents update valuations by adding information specific to a property. About one-third of the 100 million homes in its database have been updated this way, the suit says, and it has "played a major role in Zillow's success.
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.