Cover Story

The revenue recognition transition

What emerging growth companies need to know about ASC 606. Authored by Phil Santarelli, CPA, Partner Emeritus, Baker Tilly and Howard J. Heyman, CPA, Partner, Baker Tilly

Accounting Standards Codification (ASC) 606, Revenue from Contracts with Customers, affects virtually every entity that prepares financial statements. The new standard impacts one of the most important numbers in financial statements - revenue - and could impact key financial ratios, sales, contracts, technology systems, accounting and internal controls. Organizations that prepare financial statements under generally accepted accounting principles (GAAP) must act now. Read Full Article »

News & Announcements

Accepting Nominations for the 24th Annual Enterprise Awards

PACT Launches New Brand Focused on Innovation and Entrepreneurship

Strategy committed to early- and growth-stage technology and healthcare companies throughout the Delaware Valley

We proudly announce the launch of our new brand, laser focused on early- and growth-stage companies in the Greater Philadelphia region along with complimentary drivers of innovation and entrepreneurship.   Read full press details »

Connect witb PACT on LinkedIn

We invite all members and prospective members to connect with PACT on LinkedIn. Once you become a follower, you'll have access to member news, details on events and articles from the healthcare and technology spheres both regionally and nationally. You can also keep the PACT universe up to date with your company's latest news. This is a great way for PACT to help you build visibility and stay connected.   Connect with PACT on LinkedIn »

PACT UPCOMING EVENTS

PACT Cybersecurity Event  

Managing Cybersecurity Risk on a Limited Budget

November 15 | 8:30 - 10:30 a.m.
Grant Thornton | 2001 Market St, Philadelphia, PA 19103

Sponsored by:

REGISTER NOW »

IMPACT 2016 Capital Conference

Growth Through Disruption

November 29 and 30 | 1 - 9 p.m.
Sheraton Philadelphia Downtown Hotel and The Crystal Tea Room | 201 N 17th Street, Philadelphia, PA 19103

Hosted by:

REGISTER NOW »

24th Annual Enterprise Awards

Recognizing Achievement in Technology, Healthcare and Investment

May 18 | 5 - 9 p.m.
Pennsylvania Convention Center | Grand Hall and Ballroom

Title Sponsor:

Nominate A Company »

SAVE THE DATE

12/2 - PACT Technology Executive Roundtable »

12/7 - PACT Digital Health Event »

1/25 - PACT Foundation Breakfast »

VIEW ALL UPCOMING EVENTS »

Interested in Sponsoring an Event?

Please contact Dianne Strunk for more information.

PACT SPOTLIGHTS AND DEALS

Fresh off a major capital infusion, EvolveIP just acquired Xtium

Technical.ly Philly

Evolve IP, a Wayne-based cloud services company, announced on Thursday it had acquired King of Prussia, Pa.-based Xtium, Inc., another cloud services company. The company did not immediately disclose any financial details from the transaction.

Read full article »

Drexel chief Fry warns Philly Chamber: Smaller cities 'eating our lunch'

Philadelphia Inquirer

Philadelphians might be feeling self-congratulatory about the estimated $11 billion invested in the Comcast and FMC headquarters towers, in the suburban-like Navy Yard office campus, in University City labs and clinics, and in the apartments, retail and restaurants transforming Center City and the college neighborhoods, and other new construction over the past three years.

Read full article »

Q3 saw highest investment figures in Philly area since Great Recession: Report

Philadelphia Business Journal

Venture capital investments in the Philadelphia region last quarter reached highs that haven't been seen since the Great Recession, a newly released report shows.

Read full article »

The Cheapest Cities to Base Your Tech Startup

Bloomberg Technology

It's no secret that the San Francisco Bay area has gotten too expensive for tech workers, but costs have also been skyrocketing for their companies, making other U.S. locales more appealing for industry offices and headquarters.

Read full article »

MEMBER CORNER

Data Point of the Week with Bob Moore of RJMetrics

Explore the world around us using data with Bob Moore of RJMetrics View the Latest Episodes »

PACT Foundation Corner

Donate Today to AWE Ventures

Powered by Ben Franklin

About AWE Ventures
By using an innovative model that draws on crowdfunding and donations, everyone can be involved in supporting women-led ventures. AWE Ventures — Powered by Ben Franklin is built from three major components:

• A crowd-funded, donation-driven capital pool exclusively in support of women-led startups and emerging enterprises. AWE and Ben Franklin will work together to engage donors in the world of investments in early-stage women-led enterprises. *Ben Franklin will match* contributions up to $250,000 to form a total contribution pool of $500,000, and will manage the process of investment in these companies.

• Mentorship programs that combine Ben Franklin’s world-class model for due diligence with the experience of the AWE community, to provide hands-on support for entrepreneurs from both organizations’ shared networks of capital, counsel and connections.

• Events, workshops and published content to empower potential entrepreneurs and investors with stories of success from each organizations’ network of leaders, celebrating the progress of women in entrepreneurship and investing.

Learn more »

Share Your Insights in imPACT Times

We invite you to contribute any insights or expertise you have that show the importance of women-led enterprises or support diversity in innovation for Philadelphia.

If you are interested in learning more or if you would like to donate, please contact Dianne Strunk.

REGIONAL EVENTS & Programs

11/17 — Anexinet View »

11/16 — LSC's Annual Networking Dinner Event 2016 »

12/15 — DevOps Workshop »

InSITE Philadelphia Call for Companies »

2/14 & 2/15 — CompTIA DC Fly-In »

Philadelphia Alliance for Capital and Technologies (PACT)
200 South Broad Street, Suite 700, Philadelphia, PA 19102  •  (P) 215 790-3800 (F) 215 790-3601
www.philadelphiapact.com