January 17, 2013 |
"We're going to build a big company," says Michael Phelan , the Chester County native whose six-year-old, Wilmington-based software firm, SevOne Inc. , has helped Comcast, Credit Suisse, Lockheed Martin, smartphone-makers, and other giants view, fix, and manage world-circling computer systems. SevOne said Tuesday that it has landed a fat $150 million investment from backers led by Boston-based Bain Capital - presidential candidate Mitt Romney's old firm - which counts Domino's Pizza , Gartner Group , and Sports Authority among its successes.
January 10, 2013 |
A Chinese national pleaded guilty to U.S. charges that he sold pirated software from American companies, including Agilent Technologies Inc. Xiang Li, 36, admitted Monday in federal court in Wilmington to one count each of conspiring to commit criminal copyright infringement and conspiring to commit wire fraud, according to court records. The case was handled by U.S. Immigration and Customs Enforcement's Homeland Security Investigations unit. "Li mistakenly thought he was safe from the long arm of HSI, hiding halfway around the world in cyberspace anonymity," ICE Director John Morton said in a statement Tuesday with U.S. Attorney Charles Oberly in Wilmington.
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.