Business
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Bryn Mawr Bank Corporation Reports Second-Quarter Increases
The Bryn Mawr Bank Corporation reported net income of $8.9 million and diluted earnings per share of $0.52 for the second quarter, as compared to $8.3 million, or $0.49 diluted earnings per share for the first quarter. “The results for the second quarter are promising, with the full effect of the first quarter loan growth…
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Bala Cynwyd Residents Will Now Benefit from goPuff’s On-Demand Delivery Services
Bala Cynwyd residents will now be able to benefit from the on-demand delivery services of Philadelphia-based goPuff, which has not only been aggressively expanding nationwide but also close to home, writes Kenneth Hilario of the Philadelphia Business Journal. GoPuff delivers thousands of items, ranging from college essentials, party supplies, and smoking accessories to snacks, frozen…
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National Weather Service Extends Contract with Blue Bell’s Unisys to Deliver Real-Time Data to Boost Forecasting
Unisys, the global information technology company based in Blue Bell, has announced that the National Weather Service has extended its agreement to deliver real-time radar data to boost its weather forecasting capabilities. Under the new contract, Unisys will continue to provide patented service offerings that bring together multiple sources of radar information into one, easy-to-use…
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Narberth’s Royal Bancshares Offering Mortgages for First Time
Narberth-based Royal Bancshares, the parent company of Royal Bank America, is dipping a toe in new waters by entering the residential and refinanced mortgage business for the first time, writes Jeff Blumenthal for the Philadelphia Business Journal. The bank started taking applications in its branches this week, and will act as a mortgage broker under…
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Foosball, Air Hockey, Tug of War in the Office? Beer Pong on St. Patrick’s Day? It’s Just Business as Usual at KOP’s Greenphire
Greenphire’s King of Prussia office has revolutionized the workplace by making sure the expectations of its 95 employees are exceeded, writes Jacqueline Tanner for the Philadelphia Business Journal. The 18,000-square-foot office located on Allendale Road has been named Philadelphia Business Journal’s “Best Places to Work” three times in the past four years for good reason.…
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Jenkintown Accounting Firm MDG Acquired by New York’s Marks Paneth
Jenkintown-based MDG has been acquired by New York’s Marks Paneth, joining several other local accounting firms recently acquired by out-of-state peers, writes Jeff Blumenthal for the Philadelphia Business Journal. The deal, which went into effect on July 1, will see MDG’s six partners and 14 professional staff join the more than 600 members of Marks…
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Pegasus Technologies: Covering Your Computer’s Video and Audio Portals a Cheap Safeguard from Hackers
By Erik Gudmundson The background of a photo (above) that Facebook founder Mark Zuckerberg recently posted to his account has raised the issue of IT security, writes Katie Rogers of The Wall Street Journal. The picture is of the 32-year-old celebrating the burgeoning user base of Instagram, which is owned by Facebook. However, a sharp-eyed…
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Restaurant Savings App Spotluck Coming to Montgomery County
The popular restaurant savings app Spotluck that launched in Philadelphia this month will be expanding its reach to the suburbs, including Montgomery County, writes Kenneth Hilario for the Philadelphia Business Journal. Starting early next month, Spotluck will be offering its service in both Blue Bell and Ambler, as well as in University City. Participating restaurants…
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Plymouth Meeting’s Pinnacle 21 Attracts Clinical Data Standards Executive
Pinnacle 21, the Plymouth Meeting-based provider of clinical data standards software and subject matter expertise to the life sciences industry, has announced that Tom Guinter has joined the company as vice president of clinical data services. In his new role, Guinter will be responsible for developing Pinnacle 21’s clinical data standards-driven service offerings while also…
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Blue Bell’s Unisys Expands Its Global Relationship with Microsoft to Strengthen Cyber Security
Blue Bell-based Unisys is expanding its global alliance with Microsoft on cloud management and security services by developing new solutions to strengthen cyber security in the cloud, according to a staff report from the Philadelphia Business Journal. This collaboration will help them engage with clients, prospects and thought leaders, as they present their joint technology solutions. The…
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Souderton’s Univest Bank Acquires Hatboro’s Fox Chase Bancorp for a Cool Quarter-Billion
Souderton-based Univest Corporation has received regulatory and shareholder approval to close its pending $244 million acquisition of Hatboro-based Fox Chase Bancorp, writes Jeff Blumenthal of the Philadelphia Business Journal. The deal, which was announced in December and is now slated to close July 1, will make Univest the Philadelphia region’s ninth-largest deposit taker. “The merger…
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Bala Cynwyd’s BTB Security Goes Undercover Every Day with Cyber-Surveillance
Like a blockbuster action thriller, Bala Cynwyd tech security firm BTB goes undercover against serious threats every day — and exposes hackers, viruses, scammers, thieves, and other criminals in the very act of their wrongdoing. Whether from inside the company or out — sometimes way out — BTB’s 150-plus clients have a cyber-surveillance team on…
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New App from Conshohocken’s BTG Helps Save Snakebite Victims
Local pharmaceutical company BTG is doubling down on its efforts to save the lives of snakebite victims with a dose of technology. The company’s U.S. headquarters in West Conshohocken makes Crofab, the only commercial anti-venom for American rattlesnake, copperhead, and cottonmouth bites. And now BTG makes SnakeBite911, a free iOS app that helps victims quickly…
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Jazzy Web Entrepreneur from Lansdale Continues to Rake in Awards
The man who put Lansdale — and literally all of jazz — on the map is being honored for his unceasing dedication to the AllAboutJazz.com and JazzNearYou.com websites chock full of jazz promotional content and events. Only the second ever Jazz Bridge Jazz Ambassador Award will go to web entrepreneur Michael Ricci, according to 21st Cendury…
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Huntingdon Valley’s Polonia Bancorp Acquired by Prudential for $38.1M
Prudential Bancorp has agreed to acquire Huntingdon Valley-based Polonia Bancorp for $38.1 million in a merger that will increase its number of branches to 11 and boost it to $850 million in assets, writes Jeff Blumenthal for the Philadelphia Business Journal. According to the terms of the agreement, which is expected to close in the fourth quarter,…
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Plymouth Meeting’s MeID Sizes Up Growth Spurt With $1.7M Round of Capital
The parent company that bought up Plymouth Meeting’s Intellifit Corp. in 2009 may have another growth spurt in its bones. MeID is now sizing up something new for its 3D body scan technology with a $1.7 million round of local funding. The issuance was in convertible notes for senior preferred stock, according to a Philadelphia…
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Conshohocken’s Monetate Rebuilds to Help Retailers Innovate
It took an introspective reshuffling for Conshohocken-based software developer Monetate to be able to take retail clients to a new level of innovation in creating personalized user experiences. That pioneering effort is now paying off. “We were one of the first firms in our industry to retrench,” CEO Lucinda Duncalfe said of rebuilding Monetate’s tech…
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Fort Washington’s TruMark Financial Expands with Acquisition of Keystone Federal
With the acquisition of Keystone Federal Credit Union, the Philadelphia region’s third-largest credit union is expanding its presence in the region, writes Jeff Blumenthal for Philadelphia Business Journal. TruMark Financial Credit Union, which recently relocated its headquarters from Trevose to Fort Washington, already has six locations in Philadelphia and Montgomery County, four in Bucks County,…
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