Relay Network Completes $30M Growth Capital Investment from LLR Partners

Capital to support continued growth of leading solution for personalized, mobile customer engagement

Philadelphia and Radnor, PA – December 4, 2019 – Relay Network, the leading personalized mobile engagement company for the enterprise, today announced it has completed a $30 million growth capital investment from LLR Partners. The capital will be used to accelerate innovation of its breakthrough customer engagement platform and growth within its three primary vertical markets: healthcare, financial services and home services.

At a time when customer retention is critical, Relay enables businesses to proactively deliver education and support through individualized mobile feeds that guide customers to take specific actions during key moments like onboarding, billing and account renewals. Users receive text messages that link directly to their secure web-based feed, reducing friction and achieving higher engagement than email, phone and mobile app notifications.

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How To Choose A Mobile App Development Company That’s Right For You

Contributed by Curotec.

According to the Pew Research Center in a report from June of 2019, 96% of Americans now own a cellphone, and 81% have a smartphone. For an entrepreneur, that’s a huge potential audience for a mobile app.

If you’ve got an idea for a mobile app – whether it’s to promote your brand, provide mobile access to an e-commerce experience, or offer a charitable solution to a community challenge – you’ll likely find yourself needing help bringing your vision to life. Finding the right mobile app development company is as important as coming up with a great idea.

How do you choose the right development company? Here are a few tips on making your search as productive as possible.

First, get your ducks in a row

One of the most important steps needed in finding the right mobile application development company for your idea is to flesh out the idea first. Knowing what you want to create, and what you need help with to do that will narrow your search.

If all you have is the initial concept and the goals you’re hoping to achieve with the mobile application, that’s ok. Your search should include full-service companies that can help you carve out your requirements and define the features, as well as design and develop the product. You may need to go as far as to find an organization that can help with marketing and testing, but you’ll also need to be prepared to pay for that kind of end-to-end product development.

If you have the product well defined, you may be looking for a development firm that can help with design, usability, and development. If you have a design or have worked with a designer to outline the look and feel and user interface, you may only need a partner that can execute the development work.

Whatever stage you’re at with your application, be honest with yourself on where you need help. Understanding where you’re short in planning and development will guide you in choosing the right partner or partners to build what you envision.

Locating the right company

Once you know what help you need, you can better identify the right firm. There are a few ways to go about that.

Ask your network

If you’re an entrepreneur, you’ve likely got a network of like-minded individuals who have explored similar projects. Reach out to your trusted network and ask for recommendations. Your network can steer you to – or away from – companies they have worked with or those that they have networked with.

Referral Sites

A boon to entrepreneurs who don’t know where to start, referral sites like Clutch.co can help uncover highly qualified companies with the capabilities you need. Many of these sites allow you to filter results by ratings and reviews. If you’re looking to work with a local company that you can meet with face to face, you can also filter by zip code or location.

Online Search

Telling you to “Google it” might seem like obvious advice, but it’s less about searching and more about what you search for. Again, if you’re looking for a local firm that you can meet face to face, you’ll want to try searching for something like “mobile application development in Philadelphia”. 

Another thing you can try looking for is something like “web application development in Philadelphia”. Many web development companies have capabilities in mobile development as well. However, as we’ll discuss in the next section, you’ll want to be sure that they have actually created mobile apps and not just mobile-ready websites. The upside is that a web development company with mobile development capabilities should also be able to help you with a marketing site to support your mobile app’s release.

Ask the right questions

Once you’ve found a few mobile development companies to consider, it’s time to talk to them and ask the hard questions. At this point, you’ll want to share specifics with them, so it’s best to have an NDA ready to go that will allow you to share details of your application without the fear of losing your idea.

Before talking to anyone, prepare a list of questions that will uncover their experience in the areas most important to you. Don’t shy away from subjects like cost and cost containment. Here’s just a few potential questions to start with:

Have you built mobile apps from the ground up?

What is your application design process?

Once started, what will the development process look like for me?

How do you set feature priorities?

Talk about your experience with two very different mobile applications you’ve developed.

What is some of the most challenging features you’ve needed to develop?
How do you ensure that you stay close to your estimate?

How do you handle cost overruns?

What other services do you offer that would compliment my project?

How will you scope the project?

 

You should also request customer referrals. If available, follow up and talk to their former customers to find out what their experience was like. While a provided customer referral is likely to give a positive review, it will also give you the opportunity to dig into what it’s like to partner with the company.

The key to finding a great mobile application company in Philadelphia or anywhere else is to keep your eye on the ball. Understand what you’ve got and where you need help, and don’t be afraid to ask hard questions. A skilled mobile development company will be able to show you their work and speak confidently about your challenges and what to look forward to as you watch your vision become a reality.

130 Monument Road Development Site Sells for $8.94 Million

Newmark Knight Frank Represents Seller in 5.23 Acre Shovel Ready Multifamily Development Transaction

Philadelphia, PA (November 26, 2019) — Newmark Knight Frank’s (NKF) greater Philadelphia Capital Markets team comprising Mike Margolis, Dave Dolan and Dave Garonzik, along with local market expert, Jeff Mack, have successfully completed the sale of 130 Monument Road in Bala Cynwyd. The team represented Roseland Residential Trust, a Mack-Cali Company of Jersey City, NJ, in the $8.94 million sale to Woodfield Development of Chevy Chase, MD.

The 5.23-acre development was site plan approved and is pending only a building permit before construction can begin. The site is zoned and approved for the development of 205 multifamily units. As approved, the design features five stories of residential units over a podium. The building will be a mix of studio, one-bedroom and two-bedroom apartments, along with a parking garage and leasing office. The site sits directly on Monument Road, providing unmatched regional connectivity with tremendous access to major roadways such as City Avenue, I-76, and US-1. Residents will be a short walk away from shopping and dining, along with nearby transportation from SEPTA’s regional rail station. Bala Cynwyd lies directly on the City Avenue Corridor, Philadelphia’s “Golden Mile.” Adjacent to Center City with thriving demographics, this location has evolved into a surging urban/suburban environment, with a large employment base, walkable amenities and a flourishing residential community.

130 Monument Road will experience an accelerated lease-up period and the investor will be able to garner premium rents due to the heavy supply-constrained location. At $43,416 per unit, 130 Monument Road was one of the highest price-per-unit development sales in the last seven years among suburban multifamily land sale comparables, emphasizing the demand for luxury apartments in one of Philadelphia’s premiere live, work, play environments.

About Newmark Knight Frank

Newmark Knight Frank (“NKF”), operated by Newmark Group, Inc. (“Newmark Group”) (NASDAQ: NMRK), is one of the world’s leading and most trusted commercial real estate advisory firms, offering a complete suite of services and products for both owners and occupiers. Together with London-based partner Knight Frank and independently-owned offices, NKF’s 18,000 professionals operate from approximately 480 offices on six continents. NKF’s investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting, government-sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management. For further information, visit www.ngkf.com.

Discussion of Forward-Looking Statements about Newmark

Statements in this document regarding Newmark that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.

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Proscia® Making News: Awards, Recognition, Patents, and New Features

Check out recent news from PACT Member, Proscia®!

Proscia® Named to 2019 CNBC Upstart 100 List of Most Promising Start-Ups to Watch – November 12, 2019

https://proscia.com/product-releases/proscia-named-to-2019-cnbc-upstart-100-list-of-most-promising-start-ups-to-watch/

Proscia® Introduces New Enterprise-Scale Features on the Concentriq® Digital Pathology Platform for Life Sciences Companies – November 12, 2019

https://proscia.com/product-releases/proscia-introduces-new-enterprise-scale-features-on-the-concentriq-digital-pathology-platform-for-life-sciences-companies/

Proscia’s Concentriq® Dx Receives CE Mark for Primary Diagnosis – November 6

https://proscia.com/product-releases/proscias-concentriq-dx-receives-ce-mark-for-primary-diagnosis/

Proscia® Granted U.S. Patent for AI-Powered Dermatopathology – October 30

https://proscia.com/product-releases/proscia-granted-u-s-patent-for-ai-powered-dermatopathology/

How digital transformation services can help your enterprise to streak ahead

Contributed by Cigniti Technologies.

The world is moving rapidly by riding on the cutting-edge digital technologies, namely, IoT, SMAC, Big Data, Artificial Intelligence and Machine Learning, among others. Businesses are developing products or services with interfaces spread across devices, operating systems, browsers, and networks. This has necessitated their legacy systems to be updated by engaging digital transformation services.

The dynamics of market is increasingly being led by changing customer preferences reflected in new needs, habits, and ways of consuming and communicating. Digital transformation allows enterprises to derive outcomes such as increased productivity, expanded consumer base, streamlined workflows, reduced operational costs, enhanced quality products or services, and better ROI, among others.

Since consumers leverage digital technologies to perform a slew of tasks, the amount of data generated is huge. Analyzing this data and deriving business-oriented insights can be a challenge unless, of course, the business has the technology and resources. Digital transformation services can help enterprises in enhancing their customer interface. For example, by transforming their legacy systems, the utility services providers have been able to improve their efficiency significantly. As a result, the consumers do not need to queue up outside the offices of such companies for doing routine transactions. They can simply log onto the portal or app provided by such companies and transact.

With new avenues of interaction such as social media and mobile, customers want their interactions with a company to be consistent across avenues. This requires companies to take an omnichannel approach to cater to their customers. If they do not fall in line, they risk creating customer dissatisfaction and losing them. Again, to cite an example, customers want to place an order as per convenience and want it delivered through their preferred channel. So, unless the company has the technology and resources to address the demand, its competitiveness can go for a toss. Let us discuss how digital business transformation can help businesses to streak ahead in the competition.

Benefits of digital transformation solutions

The proliferation of digital technologies like smartphones and computers, and the ubiquity of the internet, have forced businesses to go digital. While many companies have drawn an elaborate digital transformation strategy to convert their systems, workflows, and deliverables, scores of them remain outside the ambit. Many companies are still wary of undertaking digital transformation implementation due to the cost and challenges involved. However, overcoming them is critical for them to stay competitive.

# Better customer experience: The customers of today have become increasingly choosy, thanks to the plethora of products and services available in the market. Customers are wont to choose products, which are not only qualitatively superior but offer better experiences as well. When it comes to the customer experience, the notable elements include aesthetics, performance, security, usability, responsiveness, and prompt complaint resolution. The last part is often crucial in differentiating between two products of similar features.

# Better analytics: Data have become the most valuable asset for an enterprise. These can help an enterprise to receive deep insights into various aspects of its processes. Also, with big data coming into play, businesses should be prepared to leverage the data for achieving success. A successful digital business transformation helps companies to collate data from customer interactions and transform them into a structured form. Thereafter, they can be analyzed to develop insights, identify outliers, and optimize to deliver better customer experiences.

# Faster time to market: Today, customers generally choose products that hit the market first. The early-bird approach of customers has necessitated companies to embrace digital transformation and streamline their workflows. This involves adopting Agile and DevOps methodologies to ensure continuous integration and delivery. As products go through a faster development, testing, and delivery pipeline, customers can receive the products early.

# Better security features: Security has assumed a critical significance in the success of a product in the market. This is due to the fact that the digital products of today have interfaces with different device platforms and third-party software, thereby creating vulnerabilities. These can be exploited by cybercriminals by introducing malware, trojans, and viruses to steal data and information. Thus, the growing menace of cybercriminals to commit data theft has brought the element of security into sharp focus.

Besides, companies need to adhere to international security protocols to garner credibility and escape censure. Hence, the need to imbibe DevSecOps in the workflows has become all the more important. In this approach, security is to be treated as an integral aspect of the workflow across departments. Hence, by implementing digital transformation solutions, companies can help to identify and address the built-in vulnerabilities of a product.

# Reduce operating costs: The digitization of businesses can streamline the workflows thereby increasing its efficiency. With procedural bottlenecks including redundancies removed or diluted, businesses can minimize their operating costs. This can significantly improve the revenue stream and make the company competitive.

# Brand enhancement: With better quality products or services delivered by the company, its brand awareness in the market increases vis-a-vis its competitors. For example, the brands or products having the biggest market share are the ones that are spoken about by the customers. This is mostly due to their superior quality brought about by innovation and digital transformation.

Conclusion

The future of IT means organizations should be nimble enough to quickly adopt the technologies and methodologies of the day. They must be agile and responsive to the customers’ needs and offer products or services that are superior and secure. The need for organizations to embrace digital transformation has become critical to stay competitive.

PACT Members Make Deloitte fastest-growing list

7 Philadelphia-area companies make Deloitte fastest-growing list
[Featuring PACT Members, Phenom People, Inc., Sidecar Interactive, Inc., Spark Therapeutics, Inc.]

Written by Kennedy Rose – Digital Producer, Philadelphia Business Journal

Seven Philadelphia-area companies made the list of Deloitte’s fastest-growing tech companies.

Deloitte’s latestTechnology Fast 500 ranks the fastest-growing technology companies in North America. Deloitte determines growth rate based on percentage fiscal year revenue growth from 2015 to 2018.

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Timothy M. Block, PhD, President of Pennsylvania Biotechnology Center, Hepatitis B Foundation, its Baruch S. Blumberg Institute named to Philadelphia Business Journal’s Power 100 ListNew Page

DOYLESTOWN, PA (Nov. 8, 2019): Timothy M. Block, PhD, has been named to the Philadelphia Business Journal’s Power 100, a guide to the region’s most influential people.  Dr. Block is President and Founder of the Pennsylvania Biotechnology Center, the national Hepatitis B Foundation, and its research arm, the Baruch S. Blumberg Institute, located in Doylestown, PA.

The annual Power 100 list is compiled by the Philadelphia Business Journal editorial team, and highlights those individuals that are making the biggest impact on the region. Dr. Block is being recognized for envisioning and creating the nonprofit Pennsylvania Biotechnology Center (PABC) in 2006, and growing it into a home for nearly 50 companies, employing hundreds of scientists in our region. PABC’s unique nonprofit business model provides a nurturing environment to help small life sciences startups develop into successful companies. Today, the companies at PABC are collectively valued at more than $1.5 billion. PABC was named one of the most successful biotechnology incubators in the country according to an independent study conducted in 2018.

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