Business
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Covenant Bank Donates $30,000 to Bucks County Nonprofit
Covenant Bank has donated $30,000 to Libertae under the Educational Improvement Tax Credit (EITC) Program. Located in Bensalem, Libertae is a treatment program dedicated to treating and supporting women with substance abuse disorders. It operates a full-service, on-site daycare where children can play and learn while their mothers are in treatment. The EITC funds allow…
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Downingtown-Based Haverford Systems Has the Tools, Technology to Help Businesses Meet Remotely
Audiovisual tools have always been a powerful means of enhancing business communications and engaging a variety of audiences. Now, however, they’re becoming a necessity for companies, especially ones with remote employees. Current events (i.e., the coronavirus) have forced a number of businesses to rethink their modus operandi, particularly as it relates to meetings and travel.…
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StreamGeeks to Release New Educational Minecraft Server at Esports in Education Summit in Norristown
Following the release of their new book Esports in Education, the West Chester-based StreamGeeks have announced a new educational Minecraft server designed for use in the classroom. Minecraft is a popular video game developed by Microsoft that is being used for a variety of educational purposes, including social emotional learning, computer programming, elementary math and…
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Huntingdon Valley Bank Looking to Relocate Its Headquarters to Neighboring Bucks County
Huntingdon Valley Bank is looking to relocate its headquarters from its Montgomery County home to Doylestown, the county seat for Bucks County, writes Jeff Blumenthal for the Philadelphia Business Journal. According to Huntingdon Valley Bank Chief Lending Officer Hugh Connelly, the bank decided to relocate its nexus into a more hopping business community as it…
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Malvern Bank Honored Again for Having 20 Percent or More Board Seats Held by Women
Malvern Bank, National Association has been named a Winning “W” Company by 2020 Women on Boards for achieving at least 20 percent women on its corporate board before the year 2020. This is the third consecutive year that Malvern Bank has been named a Winning “W” Company. Winning “W” Companies are cited in the 2020…
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Centric Bank Recognizes Participants, Winners of Video Contest for High School Students
Centric Bank has honored the participants and winners of its second annual video contest – titled “Lights, Camera, Save!” – for high school students. Fifteen students showcased their digital and storytelling talents in videos about the importance of saving money. The students represented high schools from Centric Bank service areas in Bucks, Chester, Dauphin, and…
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Vanguard’s Chief Economist Labels Fed Benchmark Interest Rate Cut a ‘High-risk Bet’
Roger Aliaga-Diaz, Chief Economist, Americas for Malvern-based Vanguard issued the following statement regarding The Federal Reserve’s reduction of its benchmark interest rate by a half percentage point earlier today: . [quote] We believe the announcement by the Fed today to cut interest rates was premature given the lack of data suggesting a significant drag on…
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Following the Sale of Its Federal Business, Blue Bell-Based Unisys Expects 2020 to Be a ‘Reset Year’
Following the sale of its federal business, Blue Bell-based Unisys said it expects 2020 to be a year of transition, writes Michelle Caffrey for the Philadelphia Business Journal. The company made the remark at its earnings call earlier this week. There it reported a $10.8 million fourth-quarter loss, or 17 cents per share, compared to…
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Qlik’s Internship Program Helps to Shape the Next Generation of IT Professionals
By Brenden Curry Qlik, a software company based in King of Prussia that helps businesses accelerate their value through data, is shaping the next generation of IT professionals through an internship program that fosters the development of students and enables them to flourish. Toi Do, a senior at Temple University who is studying Information Science…
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Haverford Systems Keeps Clients’ Technological Infrastructure on Cutting Edge
Office and conference room technology has evolved a great deal in the last few decades, and Haverford Systems, a full-service, audiovisual integration company based in Downingtown, has been at the forefront of that evolution since its founding in 1987. It’s hard to imagine but countless companies may promote themselves as operating on the cutting edge…
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Citadel Excited to ‘Add to the Economic Momentum’ in Montco with New Branch in Montgomeryville
Citadel, which is currently ranked No. 1 among all credit unions in Pennsylvania for providing value to savers and borrowers, will open its newest branch in Montgomeryville on March 11. The new branch – Citadel’s 24th in southeastern Pennsylvania and seventh in Montgomery County – is conveniently located on Bethlehem Pike, across the street from…
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West Chester-Based ‘StreamGeek’ Pens Book That Explores Educational Value of Esports
Esports have evolved from teenage pastime into an international movement in which its participants have the potential to reap financial windfalls. The tremendous growth of esports has been fueled by the Internet, live streaming, and global economic demand, and right now, there is a need for strong educational support systems that ensure the healthy development…
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Phenom People Raises $30 Million, Plans Hiring Spree for Ambler Headquarters
After raising $30 million in Series C funding, human resources tech firm Phenom People plans to expand its presence at both its Ambler headquarters and internationally, writes Michelle Caffrey for the Philadelphia Business Journal. The company plans to hire 75 new employees in Ambler in the next year thanks to the investment. Meanwhile, it may…
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Shares in Blue Bell-Based Unisys Soar After Agreement to Sell Its Government Unit for $1.2 Billion
Blue Bell-based Unisys saw its shares soar 46 percent after it agreed to sell its government contracting unit to SAIC for $1.2 billion, writes Joseph DiStefano for The Philadelphia Inquirer. The cash from the sale will allow Unisys to build and purchase better products for its private-sector and foreign-focused Enterprise Solutions group. It will also…
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Qlik Helps Employees Find Easier, Environmentally Friendly Ways to Get to Work
King of Prussia-based Qlik is helping businesses all across the globe to move faster and work smarter through its end-to-end solutions that get more value from data. Now, the company has partnered with GVF to give employees the chance to learn more about better, environmentally friendlier alternatives for getting to and from work. GVF works…
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Malvern Bank Donates Monthly ATM Fees to Local Nonprofits
Malvern Bank, National Association has begun donating revenue from monthly ATM fees to local nonprofits on a quarterly basis. Based upon last year’s fourth-quarter ATM revenues, the bank made its first donations totaling $1,220 to the following nonprofits: The Timothy School in Berwyn received $579 from the Berwyn branch office’s ATM receipts. Royer-Greaves School for…
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King of Prussia’s Qlik Acquires London-Based Startup to Help Improve How Customers Interact with Its Software
King of Prussia-based Qlik has acquired London-based RoxAI, a small startup that developed a tool to help Qlik customers improve how they interact with the company’s software, writes Michelle Caffrey for the Philadelphia Business Journal. While the terms of the deal were not disclosed, Qlik Chief Product Officer James Fisher said that RoxAI has a…
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Covenant Bank Helps to Strengthen Communities with $400,000 in EITC Contributions
Blair T. Rush, President and Chief Operating Officer of Covenant Bank, has announced that Covenant Bank has contributed $400,000 to deserving nonprofits located in Bucks, Montgomery, and Chester counties. The bank has made these contributions through the Educational Improvement Tax Credit (EITC) program for almost 10 years. These funds have supported the Scholarship Organization, Educational…
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