Warehouse Rents Rise with Increased Demand

Philadelphia, PA (July 17, 2017) — Newmark Knight Frank (NKF) released its second-quarter 2017 reports for the Greater Philadelphia region and the I-81/78 Corridor industrial markets this week. Greater Philadelphia’s industrial market closed the second quarter of the year with 540,000 square feet in positive absorption. While the vacancy rate stayed level from the first quarter of 2017, it has dropped 110 basis points from one year ago to 6.8 percent. Several warehouse buildings also delivered, while the I/81-78 Corridor continued to capture the majority of the construction pipeline.

The Southern New Jersey market accounted for 450,000 square feet in occupancy gains. The Burlington County submarket contributed the bulk of the gains, 500,000 square feet of absorption with Quality Packaging moving into 377,440 square feet at 2030 Route 130 in Florence, New Jersey. Vacancy in Southern New Jersey’s warehouse sector remained at record low levels in the second quarter of the year.

Click here to read the full press release.

Hollister Creative Wins Award for Museum Exhibition Website

Communicator awards honor excellence in marketing and communications

Hollister Creative, a Philadelphia area marketing communications agency, has been honored with a 2017 Communicator Award for the James A. Michener Art Museum’s Charles Sheeler exhibition website, Charlessheeler.org. The recognition continues the agency’s winning streak for international awards, bringing its total to 24 in the last five years.

The museum, located in Bucks County, wanted a special website for the exhibition on Sheeler, a Condé Nast fashion photographer from 1926 to 1931. Museum leaders challenged Hollister Creative to make the entire site design a reflection of Sheeler’s unique sensibility, creating an environment that would inspire interest in the exhibition and drive ticket sales. Hollister’s designers followed the spirit of the artist to design the Charles Sheeler website as he might have designed it.

Click here to read the full press release.

First Data Completes Acquisition Of CardConnect

Jul 06, 2017

NEW YORK–(BUSINESS WIRE)– First Data Corporation (NYSE: FDC), a global leader in commerce-enabling technology and solutions, and CardConnect Corp., a payment processing and technology solutions provider, today announced the successful completion of First Data’s tender offer to purchase the outstanding shares of CardConnect common stock for $15.00 per share in cash. The tender offer expired one minute after 11:59 p.m., Eastern Time, on July 5, 2017.

First Data subsequently completed the acquisition of the remaining CardConnect shares of common stock not acquired in the tender offer through a merger pursuant to Section 251(h) of the General Corporation Law of the State of Delaware. As a result, CardConnect is now a wholly-owned subsidiary of First Data and CardConnect shares will no longer be traded on the NASDAQ.

Click here to read the full press release.

PCI Guide is one-stop shop for University entrepreneurs

In early June, the Penn Center for Innovation (PCI) unveiled its first Commercialization Guide. Meant mainly for Penn faculty members and graduate students, the free Guide serves as a one-stop shop for those looking to bring their ideas to market.

John Swartley, PCI’s managing director, says a big part of PCI’s strategy centers around accessibility—making innovation resources obtainable by the entire University community.

“With this Guide, we focused on creating a friendly and easy-to-use resource showing how to work effectively with PCI and engage in all kinds of commercialization activities at Penn,” he says.

Click here to read the full press release.

Tabula Rasa HealthCare Executives to Present at American Association of Colleges of Pharmacy TechXPO.

Moorestown, NJ, (July 10, 2017) – Tabula Rasa HealthCare (NASDAQ:TRHC), a healthcare technology company optimizing medication safety by deploying new Medication Risk Mitigation™ digital solutions and novel Medication Decision Support tools, will present at TechXPO during the Annual Meeting of the American Association of Colleges of Pharmacy to be held in Nashville, Tennessee, July 15-19, 2017.

TRHC executives Michael Ristagno, PharmD, MBA, and Rebecca Lewis, PharmD, MBA, will present “How to Empower Student Pharmacists with Technology” focusing on TRHC’s software platform, NiaRx®, which facilitates teaching the cognitive practice of applied pharmacotherapy through case-based learning. NiaRx fosters student-teacher digital collaboration with the goal of educating students to optimize and personalize medication regimens. This cloud-based software program currently is used by colleges of pharmacy in multiple states across the U.S.

Click here to read the full press release.

Intact Vascular Press Release: FDA Approves 6-Month Primary Endpoint for the Tack Endovascular System® in Below the Knee Disease

WAYNE, Pa.–(BUSINESS WIRE)–Intact Vascular, Inc., a developer of medical devices for minimally invasive peripheral vascular procedures, today announced the U.S. Food and Drug Administration (FDA) approved an Investigational Device Exemption (IDE) supplemental application to modify the primary endpoint in the Tack Optimized Balloon Angioplasty II Below the Knee (TOBA II BTK) clinical trial from 12 months to 6 months.

The TOBA II BTK study enrolled its first patient in February, 2017 and is a prospective, multi-center, single-arm study designed to investigate the safety and efficacy of the Tack Endovascular System in combination with standard balloon angioplasty in the popliteal and tibial arteries for the treatment of critical limb ischemia (CLI). The Tack Endovascular System is a new technology designed to repair dissections (or tears) in the artery wall that frequently occur as a complication of balloon angioplasty. The system is intended to provide physicians with an alternative for repair of dissections while leaving a minimal amount of foreign material in the artery, reducing mechanical stress on the artery, and preserving future treatment options. TOBA II BTK is the first known industry sponsored pivotal clinical trial approved by the US Food and Drug Administration to investigate a permanent vascular implant in arteries below the knee.

Click here to read the full press release.

DSA’s Rapid Growth Continues with Acquisition of Project Performance Company LLC

July 6, 2017

TREVOSE, PA – Leveraging recent growth, Data Systems Analysts, Inc. (DSA) has acquired Project Performance Company LLC (PPC). PPC is a Government information technology (IT) solutions provider with deep expertise in Enterprise Systems Development and Integration, Information and Knowledge Management, Cyber Security and Information Assurance, and Energy Management and Environmental Sustainability. The combined strength of PPC and DSA enables the organization to deliver mission critical solutions to customers across the Government IT market.

Fran Pierce, DSA Chairman of the Board and CEO, noted, “This acquisition is exciting on a number of fronts including excellent customer relationships, market expertise, strong cultural fit, and impressive leadership. Combining our strengths will enhance both our current customer delivery and our ability to go to market.” Paul Strasser, a 30+ year industry veteran and President and Chief Executive Officer for PPC, has joined the DSA Leadership Team. Paul indicated, “We are very pleased to join DSA with our similar cultures focused on people, collaboration, innovation, and dedication to customer mission success. Together as DSA, we will bring our diverse set of customers and partners even more robust technical and management consulting knowledge, skills, and capabilities in our strategic growth areas of legacy systems modernization, cloud-realization, performance budgeting, and secure energy management solutions.”

PPC will operate as a DSA business unit out of PPC’s facility in McLean, Virginia and will continue to support key programs supporting Department of Justice, National Archives and Records Administration, Environment Protection Agency, and Commonwealth of Virginia. DSA now provides an array of IT solutions to major Defense and Civil agencies with a suite of contract vehicles including Encore II, CIO-SP3, RS3, GSA OASIS, JPEO OPETS, ITS-BISS II, and GSA Schedules.

About DSA

DSA, a 100% employee-owned professional services provider, enables its customers to achieve sensitive, mission critical goals. DSA is ISO 9001:2015 registered and appraised at CMMI Maturity Level 3 for Service Projects.   Founded in 1963, DSA’s solutions encompass program management, knowledge management, business process engineering and security. DSA offerings include solutions in SharePoint, social business, software, data analytics, systems engineering and integration, and cyber security.  DSA is headquartered in Trevose, PA, and has major operations in Colorado Springs, CO; Honolulu, HI; O’Fallon, IL; Aberdeen and Frederick, MD; Tinton Falls, NJ; San Antonio, TX; Charlottesville and Fairfax, VA; and in other locations in the National Capital Region.

About PPC

PPC is a leading information technology and management consulting firm that delivers solutions to federal, state and local government and commercial industry. PPC has 26 years of experience with a focus on sustainable and technical innovation in the Energy, Environment, Public Safety, National Security, Financial and Regulatory Compliance markets. PPC is ISO 27001:2013 registered and appraised at CMMI Maturity Level 3 for Development Projects.


Julie Matthews, Communications Director, 703.261.6019; Julie.Matthews@dsainc.com

Relay Network Named a “Cool Vendor” by Gartner

Mobile communications software provider recognized for bringing innovation to customer service and support space.

Philadelphia, June 12, 2017


Relay Network, the company taking the guesswork out of customer service, has been recognized as a 2017 Cool Vendor in Gartner’s CRM Service and Support Report.  The research provides application leaders and customer service business buyers with a view of five Cool Vendors that bring innovation to the customer service and support space.

Providing superior service and support is the new competitive battleground for companies as expectations for how customers want to interact with businesses continue to rise.  Customers want easy and effective interactions, but businesses haven’t been able to meet such expectations despite the billions of dollars invested in multiple customer facing tools, apps, and portals.

Relay takes a different approach; instead of infinite choices, Relay Network connects companies with their customers on a single, private web app built for self-service.  Using Relay’s platform, businesses can easily create, deliver, and automate guided self-service experiences that proactively direct the right customer, through the right process, with the right tools.  Unlike existing self-service solutions, Relay extends the service and support capabilities of businesses beyond apps, portals, and emails while requiring minimal technological investment or effort.

“We consider our inclusion in the CRM Customer Service and Support Cool Vendor Report by Gartner confirmation of our mission to simplify and improve communication between businesses and their customers,” said Brieana Tascione, CMO of Relay Network. “Existing self service tools aren’t delivering results that businesses need.  Relay allows leading enterprises to go above and beyond by delivering guided self service experiences, enabling their customers can get things done quickly and easily.”

Founded in 2010, Relay has attracted top consumer facing enterprise across healthcare, telco, travel, financial services, and utilities that are seeking a new, better, and cost-effective way deliver out a better customer service experience.


“Cool Vendors in CRM Customer Service and Support, 2017” was released May 23rd by Gartner Analysts Olive Huang, Jim Robinson, Micahel Maoz, Jim Davies, Brian Manusama, Jenny Sussin,



Gartner (http://www.gartner.com) does not endorse any vendor, product or service depicted in our research publications and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.


About Relay Network

Relay Network provides a mobile customer communications platform that connects businesses with their customers on a single, private web app built for service. Using Relay’s platform, businesses can create, deliver, and automate guided service experiences that proactively direct the right customer, through the right process, with the right tools. Some of the largest organizations including Comcast, Independence Blue Cross, and Citizens Bank use Relay to increase customer retention, improve outcomes, and reduce costs. For more information, visit www.relaynetwork.com.

This MontCo medical devices firm raised a $19.3M Series C led by Safeguard

Written by Roberto Torres, Technical.ly Philly

To date, the company has raised $40.9 million.

King of Prussia-based Trice Medical announced today it closed a $19.3 million Series C round led by Safeguard Scientifics.

The round will go toward accelerating and expanding the company’s U.S. market reach for its flagship product, a handheld diagnostics tool called mi-eye, as well as research and development, sales, marketing and “key international regulatory approvals.”

To date, the company has racked up $40.9 million in ventur capital. Along with previous investors Safeguard and BioStar Ventures, U.K.-based medical company Smith & Nephew joined the list of investors.

Click here to read the full article.

At CloudMine, a leadership shift is telling of what’s to come

Written by Roberto Torres, Technical.ly Philly

Cofounder Brendan McCorkle has moved to the CIO position at the health IT company, and a new CEO was named in Stephen Wray. What does it all mean?

Turns out the “exciting news” CloudMine cofounder Brendan McCorkle teased us about last month involved him.

Today the Center City health IT company has announced a new CEO in executive Stephen Wray, who comes to the company with a career spanning 30 years in the life sciences space, most notably, as CEO of Malvern, Pa.-based marketing agency Cadient, a Cognizant Company, where he focused heavily on the healthcare sector.

He was at the Cadient Group for a decade, ultimately leading the company to a 2014 acquisition by Cognizant, a global professional services company headquartered in Teaneck, N.J. Most recently, he was CEO of Bensalem, Pa.-based MNG Direct, another company in the life sciences space.

Click here to read the full article.