Technology & Innovation
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Versify Solutions of Glen Mills Raises $1.1 Million
After recently raising $1.1 million, Versify Solutions has now raised a total of $6.4 million since its founding in 2005, writes Dan Norton of the Philadelphia Business Journal. According to Norton, the management team at the Glen Mills-based asset-management software provider to the electric generation and utility industries declined to comment. Also, one of Versify’s…
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Radnor’s Safeguard Scientifics Joins Three Banks in $30 Million Investment
Radnor’s Safeguard Scientifics, a venture capital firm, joined PNC, TD, and Wells Fargo banks in a $30 million, Series E investment in New York City’s Transactis, writes Dan Norton of the Philadelphia Business Journal. Transactis, a provider of electronic billing and payment services, offers a cloud-based bill payment platform that is features-heavy. Users can access…
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Neumann’s Website Nets Marketing Firm Award
Neumann University’s recruitment website and Viewbook have netted a Merit award for the higher-education marketing firm – Paskill Stapleton & Lord in Glenside in Montgomery County – that designed them. The award was part of a competition sponsored by the Higher Education Marketing Report (HEMR). PS&L struck gold in another competition, sponsored by College and…
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Swarthmore College Trying to Rectify Poor Verizon Service on Campus and Beyond
Swarthmore College is currently negotiating terms of an agreement with Verizon and an independent cell-tower construction company, according to a report in The Phoenix, the college’s independent newspaper. Joel Cooper, Swarthmore’s Chief Information Technology Officer, explained that Verizon initially approached the college to expand coverage to an area known to have limited cellular reception. “Verizon…
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Radnor’s Qlik Technologies Potentially Headed for Sale
Elliot Management, an affiliate for U.S. hedge funds, recently raised its equity in Qlik Technologies, a Radnor software company, to 10.8 percent, an indication that Qlik might be shaping up for sale, writes Dan Norton of the Philadelphia Business Journal. “A sale [of Qlik] could take three to six months,” said Bhavan Suri, an analyst…
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Instacart Partners with Upper Darby’s H Mart
Same-day delivery service Instacart has partnered with a national Asian-American supermarket chain to deliver more ethnic products to its customers, and Philadelphia, specifically Upper Darby, will be the first expansion city, writes Kenneth Hilario of the Philadelphia Business Journal. San Francisco-based Instacart has partnered with grocery chain H Mart, so users of the delivery service…
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Partner Company of Radnor’s Safeguard Scientifics Set to be Acquired for $200 Million
Safeguard Scientifics, Inc. recently announced that its partner company (Putney, Inc.) signed an agreement to be acquired by Dechra Holdings US Inc. for $200 million in cash. Safeguard expects to receive aggregate initial cash proceeds of $58 million, which excludes an amount of additional proceeds to be held in escrow, representing an approximate 3.9 times cash-on-cash…
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Radnor’s VWR Wins Prestigious Award for Performance in 2015
VWR – a leading independent provider of laboratory products, services, and solutions with headquarters in Radnor – is one of 26 companies to receive the Intel Corporation’s Preferred Quality Supplier (PQS) Award for performance in 2015. With sales in excess of $4.3 billion last year, VWR’s team of approximately 9,300 associates focus on supporting scientists, medical professionals,…
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