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Agilence Announces New 20/20 Data Analytics™ Platform

Thursday, June 30th, 2016

New unified data analytics platform will drive insights across retail, restaurant and pharmacy operations

MOUNT LAUREL, NJ, June 15, 2016 – Agilence, Inc., the leader in cloud-based data analytics and loss prevention solutions for retail and restaurant operations, today announced 20/20 Data Analytics™, a new, unified analytics platform that brings an unprecedented level of actionable business insight to a growing number of industries. Built on the foundation of Agilence’s industry leading Retail 20/20™ exception reporting software, 20/20 Data Analytics™ goes beyond loss prevention to allow any manager the ability to gain meaningful, data driven, operational insights to improve profits and margins, better serve customers, and ensure policy compliance.

20/20 Data Analytics™ is the first tool on the market that combines executive level dashboards, predictive modeling, prescriptive alerts, and operational level reporting in the same platform. It was designed around customer feedback and an industry need for a broader operational tool that can perform a wide array of customizable analytics with an easy to use interface.  Now, every level of personnel within the organization, from C-level executives to store or restaurant managers, can receive the information and visibility into their operations needed to improve the business.

Click here to read the full press release.

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Science Center Introduces FirstHand Programs for Young Culinary Innovators and Educators

Thursday, June 30th, 2016

Curious minds in Philadelphia won’t need to take the summer off, thanks to a new lineup of summer STEM education programs at the University City Science Center.  Starting in July, the Science Center’s FirstHand initiative will offer Taste Test, a new program that introduces youth to molecular gastronomy and culinary innovations.  FirstHand will also pilot a new professional development program targeting Philadelphia-based middle school teachers. The FirstHand Institute for Educators’ first class will debut in August.

Taste Test will focus on the science of gastronomy and challenge middle school students’ perceptions of taste through active experimentation. Participants will step into the world of molecular gastronomy and see how genetics, texture, phases of matter, and presentation of foods affect the taste experience. Visits to Science Center-based labs will inspire the students’ own creative culinary innovations. Taste Test will accommodate two groups of 15 youth from Sunrise of Philadelphia. Taste Test is generously supported by grants from The Lenfest Foundation and TD Bank Charitable Foundation.

Click here to read full press release.

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NIKSUN’s Chief Scientist, Dr. Walter Willinger, Recognized with ACM SIGCOMM’s “Test of Time” Paper Award

Thursday, June 30th, 2016

Dr. Willinger’s Internet Research Paper Debunks Popular View on the Internet’s Router-Level Topology

Princeton, NJ, June 28, 2016 — NIKSUN® Inc., the world leader in developing real-time and forensics-based cyber security and network performance monitoring solutions, announced today that Dr. Walter Willinger, Chief Scientist at NIKSUN, has been awarded the 2016 “Test of Time” Paper Award from ACM SIGCOMM, the Special Interest Group on Data Communication of the Association for Computing Machinery. This illustrious award recognizes work on “A first-principles approach to understanding the Internet’s router-level topology” that Dr. Willinger and collaborators from Caltech presented in 2004 at SIGCOMM’s flagship annual conference; the research was honored with the ACM SIGCOMM “Best Student Paper” Award at the 2004 conference.

The ACM SIGCOMM Test of Time Award recognizes a paper published 10 to 12 years in the past in Computer Communication Review or any SIGCOMM-sponsored or co-sponsored conference that is deemed to be an outstanding paper whose contents are still a vibrant and useful contribution today.

In selecting Dr. Willinger’s paper, the award committee’s citation states: This paper questioned the prevailing work on “scale-free” graph structure for network topologies that incorrectly speculated an “Achilles’ heel” for the Internet, and instead provided a methodologically sound basis to explain the observed structure of Internet topologies. The award committee continues: “The impact of the paper was in bringing a greater degree of rigor in network topology research and evaluation, and in informing the community of potential pitfalls in using black-box network models without a clear understanding of underlying structural effects in network design.” 

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Zynerba Pharmaceuticals Announces Positive Top Line Results from ZYN002 CBD Gel Phase 1 Multiple Rising Dose Trial and Initiation of Phase 2 Study in Adult Epilepsy Patients with Refractory Focal Seizures

Thursday, June 30th, 2016

Two additional Phase 2 clinical trials are expected to begin in 2H16 in patients with Osteoarthritis and Fragile X Syndrome

DEVON, Pa., June 27, 2016 (GLOBE NEWSWIRE) — Zynerba Pharmaceuticals, Inc. (NASDAQ:ZYNE), a specialty pharmaceutical company dedicated to the development of innovative transdermal synthetic cannabinoid treatments, today announced positive top line results from a Phase 1 multiple rising dose clinical trial of ZYN002 cannabidiol (CBD) gel in development for the treatment of epilepsy, osteoarthritis and Fragile X Syndrome (FXS). The Phase 1 study was a randomized, double-blind, placebo-controlled trial to evaluate the pharmacokinetic (PK) profile and tolerability of several dose levels of ZYN002 (200, 250 and 500 mg) in 24 healthy volunteers and 12 patients with epilepsy. The healthy volunteers and patients were dosed for seven days with either ZYN002 CBD gel or placebo gel.

Top line results from the 24 healthy volunteers ranging from 25 to 53 years old and 12 epilepsy patients from 19 to 65 years old demonstrated that ZYN002 CBD gel was safe and well-tolerated at all dose levels. The PK findings are being used to establish the high and low doses for the Phase 2 studies. The twice daily dosing provided a more favorable PK profile with comparable results between healthy volunteers and epilepsy patients.

Transdermal application of ZYN002 was very well tolerated with minimal skin erythema. Skin dryness at the application site was common for both ZYN002 and placebo gel. Overall, the incidence of adverse events associated with ZYN002 CBD gel was similar to placebo in both healthy volunteers and adult epilepsy patients. There were no reports of somnolence or fatigue and a very low incidence of gastrointestinal events was observed. There were no serious adverse events or discontinuations for healthy volunteers and epilepsy patients receiving ZYN002 CBD gel. One healthy volunteer receiving placebo gel developed a serious adverse event suspected to be a catheter infection and was discontinued from the study.

Click here to read full press release.

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Here’s a new $200 million fund Philly healthcare startups should know about

Thursday, June 30th, 2016

Written by Roberto Torres, Philly

As of today, there’s $200 million in fresh investment money looking for a new home. But you have to dream big. The funding is meant for companies that “have the potential to generate $100 million a year in revenue.”

So says University City-based 1315 Capital. The growth-equity firm announced Wednesday the closing of a $200 million fund aimed at commercial-stage pharma, medical and healthcare services companies.

An undisclosed group of individual investors, foundations, state and corporate pension funds raised the stately total.

“Consolidation within healthcare has provided opportunities for innovation, particularly in niche markets,” said 1315 Capital partner Adele Oliva. “We are committed to working with exceptional management teams to fill needs in the healthcare market and build value for our investors.”

Click here to read full article.

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SeventySix Capital invests in kwik

Thursday, June 30th, 2016

SeventySix Capital is pleased to announce its new portfolio company – kwik, an Internet of Things (IoT) service that allows consumers to re-order their favorite products at the push of a button.

kwik raised a $3 million round of seed funding and SeventySix Capital invested alongside of Norwest Venture Partners, Plug and Play, Correlation Ventures, Ecosystem Ventures, and other institutional and private investors.

Kwik is headquartered in Sunnyvale, CA and has R&D in Tel Aviv, Israel and is currently working with consumer brands such as Domino’s, Budweiser, and Huggies. The company will use this investment to accelerate market availability via business development with brands, retailers, and home delivery services across the United States.

“Jon Powell and I are excited about this investment on several levels,” said Wayne Kimmel, Managing Partner, SeventySix Capital. “First, we believe that kwik aligns with the thesis of our fund of investing in companies that are focused on the convergence of the physical and digital worlds. Second, we are impressed with CEO (Ofer Klein) who was introduced to us by Daniel Czertok of Comcast while we were in Israel in April, and his team’s accomplishments to date. Third, we believe that we will be able to add significant value to kwik based on our relationship network in the consumer and retail industries.”

“kwik has the potential to fundamentally change the relationship people have with major brands,” said Ofer Klein, CEO, kwik. “As the very first open ‘click and deliver’ service, we can work with any brand, retailer, payments processor, or delivery service, making it possible for all brands to better understand the needs of and develop deeper direct relationships with their consumers.”

Click here to learn more on Kwik.

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Tech’s arsenal in the fight against cancer

Friday, June 24th, 2016

Written by Roberto Torres, Philly 

As humanity embarks on a cancer moonshot, some of the needed solutions might be simpler than you think. An event hosted by PACT explored the frontiers of cancer treatment.

When it comes to cancer, it seems like everyone has a story that hits home.

For Dr. Howard Krein, chief medical officer of StartUp Health, the main element in the narrative was the frustration he felt when even all the resources in the world meant nothing.

See, Krein’s brother-in-law, Beau Biden — son of Vice President Joe Biden — began a drawn-out battle against an aggressive type of brain cancer in 2010.

Help was offered from the world’s top physicians, but there was a small problem: There was no quick way to get the result of Beau’s brain scans to those who could help. In an era where an emoji can travel the world in a heartbeat, life-or-death medical reports had to be put in boxes and shipped to where they were needed, due to their complexity.

Out of this frustration, and the sadness of Biden’s tragic 2015 demise, the National Cancer Moonshot Initiative was born, in a bid to provide technology with all the support it needed to stand tough in the face of cancer.

Click here to read the full article.

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How TierPoint Quietly Built a Data Center Empire in Secondary Markets

Friday, June 24th, 2016

Written by Bill Stoller, Data Center Knowledge 

While the current cloud data center leasing frenzy involving the six publicly traded data center REITs in the biggest markets tends to command the headlines, it’s easy to lose sight of other major trends in the data center industry. One of them is the amount of activity in secondary data center markets.

Example of a company that’s been successful at taking advantage of that trend is St. Louis, Missouri-based TierPoint, a private equity-backed colocation, hybrid cloud, and managed services provider that has quickly become a force to be reckoned with in the data center industry. Over the last year or so, it has accelerated pace and scale of acquisitions, while also expanding through new construction and development. Most notably, it recently completed a 70,000-square foot facility on a 15-acre campus in Oklahoma City.

Gartner recently recognized TierPoint in its June 2016 “Magic Quadrant for Disaster Recovery as a Service” report. As Shea Long, TierPoint’s senior VP of product, put it in an interview with Data Center Knowledge, the company sees DRaaS as one of the key “mousetraps” in its expansion strategy.

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CloudMine Named Recipient of the 2016 SIIA CODiE Award for Best Information Service Delivered as Mobile App or Platform

Friday, June 24th, 2016

CloudMine earns prestigious industry recognition from Software & Information Industry Association (SIIA)

CloudMine, healthcare’s secure data platform, was named Best Information Service Delivered as Mobile App or Platform of 2016 as part of the 2016 SIIA CODiE Awards.

With the Connected Health Cloud, for the first time, all parties across the healthcare chain will have the technology they need to bring together disparate data and apply powerful analysis to improve patient care.

The winner announcement was made on May 18 by the Software & Information Industry Association (SIIA), the principal trade association for the software and digital content industries, to an audience of over 400 leaders. 61 awards were given for products and services deployed specifically for B2B software, information and media companies.

An SIIA CODiE Award win is a prestigious honor, as each award winner was reviewed by a field of industry experts whose evaluations determined the finalists. SIIA members then reviewed the finalists and their votes were combined with the scores from the industry experts to select this year’s CODiE Awards winners.

“We’re honored to be receiving a CODiE Award by SIIA for enabling all parties in the healthcare chain to deliver accurate, personalized and intelligent health solutions,” said Brendan McCorkle, CEO of CloudMine. “With the launch of our Connected Health Cloud, we are reducing time-to-delivery by up to 70 percent and therefore allowing developers to build robust, HIPAA-compliant web, mobile and IoT applications.”

Click here to read the full press release.

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SAP’s Venture Arm Sapphire Plans to Invest $100 Million Into VC Funds

Friday, June 24th, 2016

Written by Leena Rao, FORTUNE

Sapphire Ventures, a firm whose sole backer is enterprise giant SAP, said Wednesday that it would deploy $100 million this year into eight to nine early stage venture capital funds.

Sapphire Ventures, formerly known as SAP Ventures, is somewhat unique in the venture world in that it is both an investor in technology companies as well as an investor in early stage funds. SAP is the firm’s sole backer and provider of capital, but Sapphire’s managing director Beezer Clarkson insists that the firm has complete independence from SAP. That means that SAP isn’t considered a strategic investor, doesn’t weigh in on investment decisions, and isn’t involved with the day-to-day operations of the firm.

Through its $650 million fund, Sapphire Ventures has invested in Fitbit, Box, Criteo, Docusign, and others. The firm, which currently manages over $1.4 billion, has also deployed capital as a limited partner or LP into a number of VC funds including August Capital, Data Collective, LA-based Amplify, and Berlin-based Point Nine Capital.

Click here to read the full article.

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