Homepage News

Post Archives

LiquidHub to Enhance Design-Thinking Capabilities with Electronic Ink Acquisition to Strengthen Human-Centered Research Expertise

Tuesday, August 16th, 2016

Written by Tom Paine, Philly Tech News.

LiquidHub to Enhance Design-Thinking Capabilities with Electronic Ink
Acquisition to Strengthen Human-Centered Research Expertise

PHILADELPHIA – August 12, 2016 – LiquidHub, a customer engagement company, today announced the acquisition of Electronic Ink, a human-centered design consultancy, with a client roster that includes such brand names as Penske, Morgan Stanley, Johnson & Johnson, and Ford Motor Company. With the addition of Electronic Ink, LiquidHub brings expanded design-thinking resources under one roof to deliver compelling customer experiences faster and at greater scale.

“Companies who enjoy the most successful business transformation solutions are those who go beyond examining customer preferences or patterns of behavior; they dig deeper to understand customers as people and study how they interact with technology,” said Jonathan Brassington, CEO of LiquidHub. “The addition of Electronic Ink’s research expertise will bring insights of human context to all aspects of our clients’ businesses. Having worked on assignments over the years with their talented team, I am thrilled to welcome them to our organization.”

Click here to read the full article.

Posted in Homepage News, News | No Comments »

OBA One-Year Clinical Study Results Published in the Journal of Vascular Surgery

Tuesday, August 16th, 2016

First, Large-Scale, Multicenter Clinical Trial Data Demonstrates Safety and Efficacy of the Tack Endovascular System®

WAYNE, Pa.–(BUSINESS WIRE)–Intact Vascular, Inc., a developer of medical devices for minimally invasive peripheral vascular procedures, today announced that the one-year results from its Tack Optimized Balloon Angioplasty (“TOBA”) clinical study were published in the July 2016 edition of the Journal of Vascular Surgery1.

The TOBA study enrolled 138 subjects at 13 sites in Europe. All study participants were suffering from peripheral artery disease caused by blockages in the superficial femoral or popliteal arteries, which are located in the upper part of the leg. All participants underwent percutaneous balloon angioplasty (“PTA”) with any dissections (or tears) resulting from PTA repaired using the Tack Endovascular System. The Tack® implant is a new technology designed to repair dissections in the artery wall that frequently occur as a complication during PTA. The system allows physicians to repair these dissections while leaving a minimal amount of foreign material in the artery, which reduces mechanical stress on the artery; leaves the artery in its most natural state; and preserves future treatment options. If the dissections are left unrepaired, they increase the probability of acute artery occlusion or may continue narrowing the artery.

Click here to read full press release.

Posted in Homepage News, Member Press Releases, News | No Comments »

The ‘best-kept secret in healthcare’ just raised a $70 million round

Tuesday, August 16th, 2016

Written by Lydia Ramsey, Business Insider. 

You’ve likely never heard of Accolade, the digital health company that bills itself as a “healthcare concierge” service.

“We’re the best-kept secret in healthcare right now,” AccoladeCEO Raj Singh told Business Insider.

Now, the little-known company based in Seattle is making a big splash with a $70 million series E funding round led by Andreessen Horowitz. Madrona Venture Group and others also joined in on the round. This round brings their total funding to $160 million.

Accolade’s job is to act kind of like how a hotel concierge helps you out, by suggesting the best places to eat. But instead of a recommendation for a pizza place nearby, Accolade wants to give you direct guidance on the next steps you need to take if you need something for your health, like a new medication or to refill a prescription.

Click here to read the full article.

Posted in Homepage News, News | No Comments »

Safeguard Scientifics Announces Second Quarter 2016 Financial Results

Tuesday, August 16th, 2016

Realized cash proceeds of $58.2 million, or 3.9x cash-on-cash return and 42% IRR, on sale of Putney

RADNOR, Pa., July 28, 2016 /PRNewswire/ — Safeguard Scientifics, Inc. (NYSE: SFE) today announced financial results for the three- and six-months ended June 30, 2016, as well as continued achievement of developmental milestones by Safeguard’s 27 current partner companies.

For the quarter ended June 30, 2016, Safeguard’s net income was $39.0 million, or $1.92 per share, compared with a net loss of$19.0 million, or $0.91 per share, for the same quarter of 2015.  For the six months ended June 30, 2016, Safeguard’s net income was $23.5 million, or $1.15 per share, compared with a net loss of $33.6 million, or $1.61 per share, for the same period of 2015.

“As we enter the second half of 2016, we remain sharply focused on our core, value-creating strategies to deploy capital and provide operational support services to early- and growth-stage companies in targeted vertical markets, and to realize aggregate cash-on-cash returns of at least 2x on the $301.2 million deployed in our 27 current partner companies,” said Stephen T. Zarrilli, President and CEO at Safeguard. “We are not deterred by the ongoing political and economic uncertainties that have roiled global capital markets year-to-date. Instead, we believe that the year’s turbulence may generate opportunities for Safeguard as we work to expand our roster of partner companies, improve the pace of exit transactions, and evaluate potential new segments of the technology markets to deploy growth capital.”

Click here to read the full press release.

Posted in Homepage News, Member Press Releases, News | No Comments »

Accolade adds $70M to Series E round to expand healthcare navigation

Monday, August 15th, 2016

Written by Stephanie Baum, MedCity News.

The consumerization of healthcare is kind of a shorthand way of making the task of dealing with questions about health plans and services easier and less bureaucratic. Since the Affordable Care Act was enacted payers in particular have been compelled to make themselves more approachable and user friendly to consumers. In a lot of cases, health insurers and self-insured employers are enlisting technology companies to execute that effort. Accolade is one such business.

The health IT company developed a service that is designed to support these efforts, particularly when it comes to guiding employees and health plan members through the complex choices they need to make and help them understand their options, either online or by phone.

Accolade has raised $70 million in the second part of a Series E round in a bid to expand its staff and its platform’s reach. It brings the total raised for the round since July 2015 to $92.5 million, according to a news release.

Click here to read the full article.

Posted in Homepage News, News | No Comments »

Cybersecurity Startups Poised For Growth as Two Bills Aim To Streamline Federal Contracting

Wednesday, August 3rd, 2016


By Alexander S. Radus.

Cybersecurity solutions are in high demand and investors are betting on startups for high returns. In the past six years, high growth emerging companies in this space have received a total of $9 billion in venture capital funding, according to the National Venture Capital Association.

But while the private sector has rapidly adopted the solutions that cybersecurity startups develop, the federal government has been missing out on these innovations due to its cumbersome and confusing procurement process.

According to industry insiders, by the time an innovator wins a government contract, the cybersecurity needs have often evolved, requiring products to be adjusted to stay effective.

Now two bills pending in Congress are designed to remedy that.

Both bills were approved by the House Committee on Homeland Security and later passed by the House. They are currently awaiting action by the Senate. Together, they aim to jumpstart a prohibitively slow and complex procurement process for innovative cybersecurity technologies.

Rep. John Ratcliffe (R-TX), Chairman of the Subcommittee on Cybersecurity, Infrastructure Protection and Security Technologies, introduced the Leveraging Emerging Technologies Act of 2016 and the Support for Rapid Innovation Act of 2016.

The Leveraging Emerging Technologies Act of 2016 directs the Department of Homeland Security (DHS) to address homeland security needs by engaging with “innovative and emerging technology developers and firms, including technology-based small businesses and startup ventures.”

Specifically, the bill requires the DHS to develop a strategy to engage small businesses and startup ventures developing new security technologies, including by:

  • ensuring that innovative and emerging technologies can be included in current and future federal procurement contracts;
  • coordinating with venture investors, particularly those funding small businesses and startup ventures, to assist with commercializing innovative and emerging technologies; and
  • addressing existing barriers to small businesses and startup ventures in the Federal Government’s acquisition process.

The Support for Rapid Innovation Act of 2016 expands the Homeland Security Act’s rudimentary framework that already encourages joint federal-private sector efforts to develop and acquire cybersecurity technology.

Specifically, the DHS, through oversight from the Under Secretary for Science and Technology, would be required to engage in partnerships and commercialization that “introduce new cybersecurity technologies throughout the homeland security enterprise.”

The Under Secretary is required to coordinate activities with the heads of other relevant federal departments and agencies, as well as industry and academia.

The Under Secretary must also:

  • support projects through their full life cycles, including research and development;
  • identify mature technologies that address existing or imminent cybersecurity gaps in public or private information systems;
  • identify and support necessary improvements identified during pilot programs and testing;
  • introduce new cybersecurity technologies through partnerships and commercialization; and
  • target federally funded cybersecurity research that demonstrates a high probability of successful commercialization and will impact public or private information systems.

Nimble startups are well-positioned to address the ever-changing cybersecurity landscape. And the rapid deployment of venture funding into this space attests to the demand for innovative solutions.

It remains to be seen whether these bills, if ultimately signed into law, can make the Federal Government faster on its feet and able to benefit from — and provide support to — private sector innovation.

Alexander S. Radus is an associate in the Corporate Department at Fox Rothschild LLP with a practice that emphasizes entity formation and growth, mergers and acquisitions, franchising, and seed, angel and venture capital. Fox Rothschild is a national firm with more than 700 attorneys in 22 offices coast to coast.

Posted in Homepage News, News, Resources | No Comments »

Top 10 Software Testing Trends: Predictions for the Next Decade

Wednesday, August 3rd, 2016


by Gallop Solutions.

With reducing attention spans of users and declining patience levels, businesses are ultra-sensitive to ensure their enterprise applications, both mobile and web, offer a pleasant user-experience, are secure and easy to use. They are also getting compelled to adapt to the ever transforming technology landscape to stay relevant. Over time, mainframe based applications have given way to desktop applications, followed by web, mobile, cloud and today we have moved on to wearables, Internet of Things, virtual reality and now augmented reality applications such as the latest internet craze – Pokemon Go. A series of such rapid changes is keeping not just the developers, but also the testers on tenterhooks, making them continuously strive to upgrade their skills. It is easier said than done – it is definitely challenging for testers to overcome the new issues posed by these upcoming technologies. So, the question is, how can businesses be future ready?

Over the last decade, things have changed. In 2015, continuing into this year, we have seen increased emphasis on testing in the early stages of software development lifecycle & a new paradigm emerged as well focussed on continuous testing and development. Widespread adoption of Agile and DevOps methodologies by organizations across the globe now mandate faster go-to-market times with higher quality. Speed @ Quality is the new normal. A healthy increase was also observed in the usage of virtualization and service oriented architecture along with cloud computing that led to many of test tool vendors coming in with innovation which transformed how we perceived software testing.

At Gallop Solutions, being leaders in Independent software testing services in North America, we work with leading Fortune 500 companies across diverse domains. What we observed from our discussions with clients and prospective clients, we tried putting together this post after due research about the industry, taking in inputs from reputed sources, quality reports, analyst sessions and conferences we attended and spoke at. This post summarizes the Top 10 emerging trends/predictions for the next decade that may change the landscape of software testing altogether. It is interesting to discover each of these trends and to know how enterprises as well as testing professionals can get leverage these trends, re-strategize or re-skill themselves.

  1. The Future belongs to Open Source Tools: Disruption is being observed in the Open source testing tools market. The next ten years (and may be more!) will see much higher adoption of Open source tools as more and more organizations will leverage them for better implementation of Agile, DevOps and Test Automation. Support communities for the open source tools can only become more and more involved and active as the products mature and newer tools keep coming in.
  1. Quality @ High speed is the new mantra: Fierce competition compels every business to come up with the best products in the fastest possible time, thanks to the dwindling competitive advantage. This is compelling organizations focus on providing the best user experience along with being incredibly agile. The speed is only going to increase (and the quality better) with the latest technologies and tools at the disposal of teams.
  1. Software Development Engineers in Test (SDETs) will be in huge demand: SDETs have been existing among us since almost a decade, but their role was very different from traditional testing roles. That said, by early 2020, almost all testers will need to wear an SDET hat to be successful in the field of Test Automation, that is going to become mainstream.
  1. TCoE is losing shine- Agile and DevOps will rule the roost: Forrester mentions that organizations are no longer looking at having centralized Test Centers of Excellence anymore. Test automation developers today are now a part of the agile teams. The erstwhile testing practices are making a shift towards quality engineering, and testing is intended to become more iterative, progressive, and seamlessly integrated with development.
  1. Digital Transformation is here to stay: With a majority of organizations making a foray into the digital world, beyond having a basic, static website or creating fan pages on dominant social media, the need for digital transformation will require a huge shift of focus towards digital testing. Robust strategies for digital assurance will be required for focusing on optimizing functional testing across channels.
  1. BigData Testing will become really BIG: With less than 0.5% of data collected being used currently, the move to gain greater insights from big data will dominate. We are sitting atop an explosive amount of data today and need to have a very strong strategy around Big Data Testing so that the data is interoperable and can talk to each other, rather than be considered in a standalone manner. Testing datasets requires highly analytical tools, techniques, and frameworks, and is an area that is set to grow big.
  1. IoT: Heralding an era of Connected Devices: With IoT growing in leaps and bounds, and global analysts predicting that IoT will storm the market in as quick as two years, businesses will need to be ultra-sensitive about the quality of their apps and appliances. If the products are not tested, their functionality, security, and effectiveness – all will come under scanner. According to a HP study, 70 percent of devices in the Internet of Things are vulnerable to security problems.
  1. DevOps will drive Quality Engineering: DevOps ideology is based on seamless collaboration and integration between the different departments of an IT Organization – developers, quality professionals, and IT professionals. Testing plays a business-critical role as developers are involved not just in the correctness of their code, but also in the testing and overall Quality engineering aspects. DevOps thus is propelling businesses towards greater speeds of deployment and quality assurance and is thus helping them realize higher returns on investment and faster time to market in a cost-efficient manner.
  1. Performance Engineering is replacing Performance Testing: Repeating a cliché – “A good user experience is the key to a successful product”. Consistent performance across diverse platforms, OSs, and devices defines how much of a market can a product really capture. The need to provide the best experience to users is making organizations change their strategy. They are now moving away from just providing Performance tests to providing Performance engineering.
  1. The best news is that Software Testing Budgets will continue to grow: It is but obvious that with such huge focus and demand for high quality products, and with major IT trends such as BigData analytics, Cloud Technologies, Mobility, and Virtualization, Testing has become more than just a need. This will push the organizations towards allocating a bigger chunk of their IT budget (around 40%) for software testing and QA.

About Author: Kalyana Rao Konda

Kalyan is the President & Global Head of Gallop Solutions Inc. With 17+ years of experience in IT Services, specifically software testing, Kalyan has led large QA teams of 2000+ people at AppLabs as VP-Delivery and had been in QA leadership roles with Virtusa & BaaN earlier. He has a rare mix of high technical understanding with a pragmatic approach to testing services delivery. A strong proponent of Testing-as-a-Service (TaaS) delivery model, Kalyan is a thought leader with hands on expertise in building large scale test automation suites, executing and maintaining them. He has a patent pending with USPTO for ‘iGenerate test Scenario’ and ‘Web Services Validator’ filed last year. Kalyan is a speaker at various testing conferences including DevOps East, StarEast& Agile Testing Conference in Boston. He was recently awarded the prestigious “40 Under 40 Award 2016” from the Philadelphia Business Journal.

Understand the Top 10 Trends in Software Testing better. Download free e-Book on “Top 10 Software Testing Trends: Prediction for the Next Decade” here – http://www.gallop.net/10-software-testing-trends?utm_source=PACTPhiladelphia&utm_medium=CoverStory&utm_campaign=SoftwareTestingTrends
About Gallop Solutions:

Gallop Solutions is North America’s largest Independent Software Testing Services & company operating since 2003 with offices in Philadelphia & California. Our services are backed by Proprietary Testing IP (Enterprise Test Acceleration Suite – ETAS) for enhanced productivity and in-house R&D teams. We are a 100% subsidiary of Cigniti Technologies, World’s 3rd largest independent software testing services company with over 2000 consultants globally across various domains with 600+ located in North America.

Gallop constantly innovates and invests in R&D around software testing and contributes immensely to the software testing community by thought leadership blogs, articles and whitepapers. World’s largest and leading organizations have relied on Gallop’s specialist independent software testing services for more than a decade and have achieved significant market acceleration, returns on investments in their software quality initiatives.


Posted in Homepage News, News, Resources | No Comments »

Zynerba Pharmaceuticals to Present at Canaccord Genuity’s 36th Annual Growth Conference

Wednesday, August 3rd, 2016

DEVON, Pa., Aug. 03, 2016 (GLOBE NEWSWIRE) — Zynerba Pharmaceuticals, Inc. (NASDAQ:ZYNE), a clinical-stage specialty pharmaceutical company dedicated to the development of innovative transdermal synthetic cannabinoid treatments, today announced that the Company will present at Canaccord Genuity’s 36th Annual Growth Conference. The conference will be held August 10 to 11, at the InterContinental Boston. Zynerba Chairman and CEO Armando Anido will present on Wednesday, August 10, at 12:00 pm Eastern Daylight Time.

Click here to read the full press release.


Posted in Homepage News, Member Press Releases, News | No Comments »

NGKF Capital Markets Retained to Sell Northwoods Crossing in Harrisburg, PA

Tuesday, August 2nd, 2016

Wayne, PA (August 1, 2016) — NGKF Capital Markets has been exclusively retained to sell Northwoods Crossing, two centrally located office buildings in Harrisburg, Pennsylvania, totaling 154,298 square feet on a combined 10.47 acres.  The NGKF Capital Markets team comprising Mike Margolis, Dave Dolan and Brett Segal along with area expert, Tim Brogan, are marketing the property.

Northwoods Crossing is a rare opportunity to acquire both 1800 Linglestown Road, totaling 52,298 rentable square feet, and 4401 Deer Path Road, totaling 102,000 rentable square feet. The two properties are currently occupied and serve as the corporate headquarters of United Concordia Dental, an investment rated accredited tenant and the eighth largest employer in Harrisburg. As the Harrisburg East submarket continues to tighten, Northwoods Crossing will reap the benefits due to its prime location.

Click here to read the full press release.

Posted in Homepage News, Member Press Releases, News | No Comments »

Magento Commerce Acquires RJMetrics

Tuesday, August 2nd, 2016

Advanced cloud-based analytics solution will integrate with the Magento platform as Magento Analytics to help merchants better understand their customers, sell smarter, and increase ROI

Campbell, Calif. (Aug. 1, 2016)Magento Commerce, the worldwide leader in cloud digital commerce innovation, today announced that it has acquired RJMetrics, a cloud-based analytics platform tuned for digital commerce business intelligence. In addition to the valuable analytics extensions already built for Magento, the Magento core platform will now include a powerful native solution enabling merchants to better understand and optimize their commerce business based on actionable data and insights into customers, merchandising, channels, and more.

The new solution will be marketed as Magento Analytics and, unlike other analytics platforms that often require IT support and considerable time to configure, Magento Analytics will allow non-technical business users to quickly and easily integrate with enterprise-grade data sets across a broad array of applications in order to consolidate and analyze data for effective multi-brand, cross-channel reporting.

Click here to read the full press release.

Check out the media coverage:

Posted in Homepage News, Member Press Releases, News | No Comments »