Business
-
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…
-
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…
-
Former Bentley Systems Executive Invests Big in Pottstown’s American Keg
Production is pouring out of the only stainless steel keg manufacturer in the country in order to quench the growing thirst of the craft brewing industry, and that means big business for Pottstown. A business venture that originated with Sly Fox Brewing’s John Giannopolous as Geemacher is now flowing at full speed thanks to a…
-
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,…
-
Ambler’s Facilities Control Technology Urges Business Owners to Take Extensive Security Measures This Summer
Ambler’s Facilities Control Technology, the maker of the venerated PatrolScan, is urging business owners to take pervasive security measures this upcoming summer season. According to the company’s CEO, Allyn Huntzinger, burglaries in the United States peak during the summer months. “While your security team might be great, you can’t just assume they’re doing everything they…
-
VP of Blue Bell’s CoreDial Named to CRN Magazine’s 2016 Women of the Channel
Blue Bell’s CoreDial, a leading SaaS channel automation provider for cloud communications services, has announced that CRN (Computer Reseller News) Magazine, a brand of The Channel Company, has named Caitlin Clark-Zigmond to its prestigious 2016 Women of the Channel list. Clark-Zigmond is CoreDial’s Vice President of Product Management for Unified Communications as a Service (UCaaS).…
-
Plymouth Meeting’s Inovio Pharmaceuticals Has Breakthrough with Zika Virus Vaccine
Plymouth Meeting’s Inovio Pharmaceuticals has announced that testing of its synthetic vaccine for the Zika virus induced robust antibody and T-cell responses in monkeys, demonstrating the product’s potential to prevent infection from this harmful pathogen. As a result, Inovio will conduct human studies later this year. The company synthetically generated DNA vaccine constructs targeting multiple…
-
Bryn Mawr’s Noble.MD Gets Million-Dollar Prescription to Launch New Products
Area investors are prescribing $1.45 million to help Noble.MD, a health care technology firm in Bryn Mawr, achieve new levels of success. Equity financing from Radnor-based investors Safeguard Scientifics and BioAdvance, along with numerous individual angel investors, will enable Noble.MD to launch two new products and expand its sales and marketing push. “We have been helping…
-
After Pair of Billion-Dollar Acquisitions, BB&T Empire Adds by Subtracting
BB&T Corp. has announced that it will consolidate 28 branches as part of its combined $4.3 billion acquisition of Susquehanna Bancshares and National Penn Bancshares, writes Jeff Blumenthal from the Philadelphia Business Journal. The Montgomery County branches in Abington, Pottstown, and Wynnewood are among those that will close. According to Blumenthal, BB&T said there would…
-
Technology of KOP’s iCeutica Critical to Curbing Addiction to Pain Meds
King of Prussia’s iCeutica Inc. is licensing its SoluMatrix Fine Patricle Technology to a nearby pharmaceutical company that produces low-dose nonsteroidal anti-inflammatory drugs for pain relief, writes John Luciew of the Harrisburg Patriot-News. Iroko Pharmaceuticals, a global pharmaceutical company based in the Philadelphia Naval Shipyard, uses iCeutica’s technology to develop a suite of drugs as…
-
Victrex Helps Produce Record-Breaking Lightweight Continuous Pipe
Expertise from West Conshohocken’s Victrex has helped Magma Global Ltd. develop a flexible m-pipe technology that can reduce exploration and production costs and help limit the hazards from subsea oil and gas systems, according to a staff report from Plastics Today. The lightweight continuous pipe is the largest and longest Victrex PEEK-based structure ever, capable…
-
Regulators Snatch Keys of KOP’s Failed First CornerStone Bank
State and federal regulators have shut down the distressed King of Prussia-based First CornerStone Bank, writes Jeff Blumenthal of the Philadelphia Business Journal. First Citizens Bank & Trust Co., a subsidiary of Raleigh, N.C.-based First Citizens BancShares, have assumed all of First CornerStone’s $101 million in deposits and $103 million in assets. First Citizens will…
-
Bryn Mawr Bank Earnings Report Boosts Main Line Financial Pillar Above Angsts
A strong first quarter of earnings is helping the parent company of Bryn Mawr Trust rise above doubts surrounding the longtime local bank’s future. Bryn Mawr Bank Corp. has endured underperformance, accusations of compliance issues and an abrupt stock loss over the past year as it has attempted to assimilate the recent acquisitions of Davidson…
-
Is a Recession Looming? Vanguard Economist Says Downturn Unlikely
In the following video, Vanguard Global Chief Economist Joe Davis examines the current low-growth environment and places the likelihood of a U.S. recession in the near future at 15 to 20 percent odds. Davis concedes that the odds of a recession are elevated given the economy’s slow growth, reduced exports and declining corporate profits. But…
-
Glenside’s Solar Light Company Releases New Line of Touch Screen Controllers
Glenside-based Solar Light Company – a leading global provider of solar simulators, UV transmittance analyzers, and radiometers – has released a new line of DCS-2 Touch Screen Controllers. These controllers/meters have a new slim design and color scheme that matches the company’s new and existing simulators, one of which specifically includes the 601 v.2.5 model.…
-
KOP’s Hyatt Place Acquired for $13 Million; Renovations Planned
King of Prussia’s Hyatt Place hotel has been acquired for $13 million by DoveHill, a real-estate investment firm, and its partner, Wurzak Hotel Group, writes Kenneth Hilario of the Philadelphia Business Journal. Wurzak, which has operations in Philadelphia and now has a portfolio of five hotels in the area, assumed management of the 129-room hotel,…
-
Horsham’s Workspace Property Trust Has Strong First Quarter
Workspace Property Trust, a leading real-estate investment firm based in Horsham, announced the completion of 13 lease transactions in the first quarter of 2016, comprising over 150,000 square feet of space. These significant lease transactions are indicative of the strong demand for office/flex space in the vibrant Horsham submarket. “Since acquiring this portfolio in early…
-
Bryn Mawr Bank Corporation Bounces Back in First Quarter
After a rare, fourth-quarter loss, Bryn Mawr Bank Corporation has bounced back with a net income of $8.3 million in the first quarter of 2016, writes Jeff Blumenthal of the Philadelphia Business Journal. The loss at the end of last year was due to a previously announced $17 million charge to terminate the company pension…
Founding Partners
Advertisement
Affiliate Partners
Community Partners
