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.
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.