IT News

Collectables App CollX Made its First Acquisition: Denver-Based Card Inventory Software

June 22, 2022

In the early stages of a company acquisition, it can be a little awkward to talk to your competition. You’re both trying to serve the same space, for instance, but maybe one is further along. That was the experience of Ted Mann, the cofounder of Haddonfield, New Jersey-based CollX. The visual search function app scrapes […]

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Philly-Area Tech Firm Aims to Deliver Food More Cheaply Than DoorDash or UberEats

June 14, 2022

Just two companies, DoorDash and UberEats — both based in San Francisco — arrange five out of every six restaurant meal deliveries in the U.S. More than half of Americans have used meal delivery services, with the typical customer spending more than $200, in the first quarter of 2022, according to Bloomberg Second Measure. But […]

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Crossbeam Announces Acquisition of Partnered at Inaugural Conference

May 23, 2022

Quickly growing partnerships SaaS company Crossbeam, which raised a very Philly $76 million last year to accelerate growth, announced during its partnerships conference May 18 that it had acquired account-based networking tool Partnered. The company was hosting the first-ever partnerships conference Supernode, a two-day Philadelphia event gathering roughly 250 partnerships pros from far-reaching SaaS companies, […]

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Why Houwzer Launched This Nonprofit Fund for Low-Income, First-Time Homebuyers

April 28, 2022

Tech-enabled real estate brokerage Houwzer this week launched the RiseUp Fund, a nonprofit to bring grants and resources to low- to moderate-income first-time homebuyers. The Center City company’s new program comes amid a still-hot housing market and the recent re-up of the Philadelphia Housing Development Corp.’s own $10,000 grant program for first-time homebuyers, Philly First […]

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Wireless Panic Button Startup Raises $1.8M in Oversubscribed Round

February 28, 2022

ROAR for Good raised $1.8 million in growth capital to ramp up distribution of its wireless panic button systems for hotels and health care facilities. The Philadelphia startup initially sought to raise $1.5 million, but investors surpassed the company’s goal for growth capital, ROAR for Good Founder Yasmine Mustafa said. She declined to disclose the […]

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M&A Moves: Philly’s Piano is Acquiring SocialFlow and Blue Bell’s Anexinet is Merging

February 14, 2022

It’s an acquisition and a merger for two Philadelphia-area companies, as Piano and Anexinet both announced new expansions on Thursday. Piano acquired SocialFlow The Bourse-based B2B media software company, which last spring raised an $88 million Series C, has acquired SocialFlow, a New York City social distribution and marketing platform for media companies. The addition […]

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Real Estate Tech Company Houwzer Raised a $118M Series B as it Introduces New Products

February 9, 2022

Philadelphia-based real estate company Houwzer has raised a $118 million Series B, the company announced Tuesday. The round includes $18 million in equity and a $100 million warehouse line of credit, led by Edison Partners. It brings the total equity funding for the B Corp — which operates locally and in DC, the greater Maryland […]

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Phenom’s Made its 4th Acquisition in 16 Months as the HR Tech Biz Expands its European Reach

February 4, 2022

In the first half of 2021, HR tech company Phenom announced three acquisitions as it bolstered its business for an inevitable IPO. And here comes the fourth: Today, the Ambler-based company announced it has acquired 2013-founded Tandemploy, a Berlin-based HR tech company focused on solving key problems associated with employee experiences. The addition enhances Phenom’s […]

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CLX Health Acquires SymCheck

January 28, 2022

CLX Health, a leading developer of cloud-based solutions for managing the COVID-19 testing ecosystem with their TrustAssure™ Global Network, today announced it acquired SymCheck®, an automated mobile health screening, assessment and compliance software platform. The acquisition was finalized on December 29, 2021, and includes SymCheck and parent-company Yorn, a healthcare-focused, patient experience technology company. Richard […]

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Startup Storytelling isn’t Just for Closing Deals. It’s Also for Hiring, Bruce Marable Says

January 24, 2022

It’s all about the story. That’s the main lesson that Bruce Marable, cofounder and CEO of HR tech startup Employee Cycle, got from his time in Comcast NBCUniversal’s future of work-focused LIFT Labs Accelerator powered by Techstars, which ended in November after 12 intensive weeks. “Storytelling is always key, and that’s what’s been reinforced,” he […]

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