PACT Times

May 2017

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Enterprise Awards

Find out who will win the 24th Annual Enterprise Awards

Enterprise Awards

Cover Stories

Changes in Revenue Recognition requirements - What's happening and why does it matter now?

Written by Michele Juliana, Principal, Technology and Management Consulting and Michael Romano, Partner, Finance and Accounting and Outsourcing


If you are a technology or life sciences company, there's a high likelihood you will be significantly impacted by new standards on revenue recognition recently adopted by the Financial Accounting Standards Board (FASB), commonly referred to as ASC 606. Mid-sized and growing businesses are particularly impacted as most don't have the dedicated resources and systems in place to easily support these changes.


Read full article »

The New York State Department of Financial Services ("NYS DFS") Cybersecurity Regulations: We are all connected.

Written by Steve Fiergang, Esq., General Counsel, Layer 8 Security

layer 8 security

Welcome to the future of cybersecurity: not only in the financial services, banking, and insurance sectors but for all of their third-party service providers (read: You); cyber regulations are in effect.


Read full article »

Why Your B2B Customer Now Expects a B2C Experience

Written by Bill Butler, CEO, Journey Sales


When you purchase something from, say, Amazon, every step of the buying experience-from search results to pricing to confirmation email to package arrival-is meticulously designed and orchestrated. Executed properly, this experience brings you not only satisfaction, but also delight. And it keeps you coming back for more, again and again, sometimes with alarming frequency.


Read full article »

What's your story?

If you would like to write the cover story for upcoming editions of PACT Times, please contact Amanda Nardi by May 17.

News & Announcements

Why You Should Attend the Enterprise Awards on May 18

EA 2017

Dust off your fine attire - there are so many exciting elements in store for the 2017 awards gala. If you haven't already done so, reserve your table, half table or seat. You will want a presence at this year's Enterprise Awards.


Here are a few reasons why you should attend:  

  • Everyone you need to know in Philadelphia will be in one room. It's the night where it ALL happens.
  • No other regional event could give you access to the right people than the Enterprise Awards.
  • Be a "cheerleader" for your city's best and brightest innovators.
  • Honor a true legend for lifetime achievement, Richard Vague of Gabriel Investments.

Take a closer look at our finalists and honorees for the 24th Annual Enterprise Awards:

Honoring Richard Vague for Lifetime Achievement »

Profiling the Technology and Healthcare Award Finalists »

Learn More & Register »

ATTENTION: Exclusive Membership Discounts Now Offered

Offer ends Wednesday, May 31

PACT logo

Get involved with PACT this spring as a member and jump on our new exclusive discounts:

  • Entrepreneurs receive a 20% Discount  
  • Technology, Healthcare and Life Science Companies receive a 20% Discount  
  • Angel Investors receive a 10% Discount

If interested in becoming a member, please contact Kim Tuski at [email protected] or call 215-790-3860.

Contact Kim Tuski to learn more »

51maps Takes Home Phorum `Best in Show' at Phorum 2017

phorum 2017

Phorum 2017, the enterprise technology conference sponsored annually by Fairmount Partners and LiquidHub, was designed to help executives fully understand the technology they use and how that technology can be applied to transform the enterprise to achieve business goals. The speaker lineup consisted of a wide-range of renowned experts in digital transformation and cloud-computing, including Geoffrey A. Moore, Peter Coffee, Liz Herbert, Susan Ramonat, Ellen Rinaldi, Rob Schilling and Paul Boris to name a few.

Read More »

Save the Date: November 1 & 2, 2017!

Hosted by Morgan Lewis and Presented by PACT

pact 2017

The PACT Capital Conference will take place this year on November 1 & 2, 2017 at the Sheraton Philadelphia Downtown Hotel and Crystal Tea Room.


The PACT Capital Conference (formally known as the IMPACT Capital Conference) has a long tradition of uniting key players from the private equity, venture capital, and entrepreneurial communities. As the oldest, most established venture conference in the Northeast, this event draws more than 1,000 participants and has been the catalyst for billions of dollars in venture funding and entrepreneurial success.

Registration will open soon.

Learn More »


PACT SaaS Roundtable

May 5 | 8 - 10 a.m.
Evolve IP | 989 Old Eagle School Rd, Wayne, PA 19087

Sponsored by:

Bentley Systems
ors partners
Pepper Hamilton


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:

Fairmount Partners

In Partnership with:



PACT-TiE Pitch Event

May 22 | 6 - 8:30 p.m.
Comcast Center | 1701 JFK Boulevard, Philadelphia, PA 19103

Sponsored by:

wells fargo advisors


PACT MedTech Event

May 31 | 8:30 - 10:30 a.m.
Quorum at the University City Science Center | 3711 Market Street, 8th Floor, Philadelphia, PA 19104

Sponsored by:

Duane Morris


PACT Technology Executive Roundtable

June 22 | 8 - 10 a.m.
Pfizer, Inc | Collegeville Conference Center (Barn), 500 Arcola Road, Collegeville, PA 19426

Sponsored by:



object frontier






6/8 - PACT General Tech Event »

6/13 - Investor Only Reception and Dinner »

6/15 - PACT Fintech Event »

6/21 - PACT Cybersecurity Event »

6/29 - Innovation Picnic »

Interested in Sponsoring an Event?

Please contact Dianne Strunk for more information.


Welcome PACT Members

AC Lordi



Be Group




Data Systems Analysts, Inc.


Domain Consulting Group, Inc.

EPAM Systems, Inc.

FirstBase, LLC

Fleet Walker Video

Kreischer Miller

Marinus Pharmaceuticals, Inc.

Medimize, Inc

ORS Partners, LLC

Therapeutic Articulations LLC


Wanashaker, LLC

Press Releases & News


Agilence unveils new data analytics product tailored to pharmacy operations »


Clutch Essential SuiteApp Achieves `Built for NetSuite' Status »

Intact Vascular

Intact Vascular Adds Howard Rosen to its Executive Management Team as VP Marketing and Business Development »


Center City health tech company acquires MontCo firm following major investment »

Newmark Grubb Knight Frank

Warehouse Rents Rise with Increased Demand »

Safeguard Scientifics

With Philly's scene maturing, the search is on again for more Stellar Startups »

CloudMine And Medical Web Experts Partner To Simplify MHealth Solution-Building For Healthcare Providers »

Quantum Computing: Its Emergence and Implications on Information Security »

We thank our Founding Leaders for their commitment and support:



Ben Franklin Technology Partners

Bentley Systems

Comcast Business

Cozen O'Connor

Duane Morris

Evolve IP


Fairmount Partners

Fox Rothschild

Grant Thornton

Independence Blue Cross



Morgan Lewis

NewSpring Capital

Osage Partners

Pepper Hamilton



Safeguard Scientifics 



University City Science Center

University of Pennsylvania


Philly Tech Week 2017

philly tech week

The 7th annual Philly Tech Week takes place this week! Philly Tech Week 2017 is a week-long celebration of technology and innovation.

Check out the calendar of events »

Economy League of Greater Philadelphia

economy league

The expansion of Greater Philadelphia's tech sector and significant growth of tech jobs across industries present a unique opportunity to drive growth and prosperity in the region. Employers in the Philadelphia area have added more than 25,000 new tech jobs since 2002, equivalent to 25% of all net job growth in Greater Philadelphia during that period.

Read Full Report »

PACT Foundation Corner

Donate 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.

To date, 19 Companies have received funding from AWE Ventures. Please help continue to grow our foundation for more investments to come.


Donate Now »


Share Your Insights in PACT 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, please contact Dianne Strunk.


5/4  — Life Sciences PA Spring Social »

5/4  — PA Tech Con »

5/5  — Angel Venture Fair »

5/11  — Mid-Atlantic NEXT TECH - Emerging & Disruptive Technologies Showcase »

Nominations for Innovators Walk of Fame Closes 5/19 »

6/6  —  Tech It Out »

10/1 - 10/7  —  UPNEXT Festival »

Philadelphia Alliance for Capital and Technologies (PACT)
200 South Broad Street, Suite 700, Philadelphia, PA 19102  •  (P) 215 790-3800 (F) 215 790-3729