Malvern
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Malvern-Based 2X Expands AI Capabilities With Acquisition of Knownwell
Malvern-based 2X has made a major move in the artificial intelligence space, acquiring Virginia startup Knownwell in a deal that values the combined company at $400 million, reports Ryan Mulligan for the Philadelphia Business Journal. The transaction marks the sixth acquisition 2X has completed in three years. Founded in 2017, 2X built its reputation on go-to-market services, helping businesses…
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Historic Chester County Wedding Venue Loch Aerie Mansion Sells for More Than $4 Million
John Serock has had his eye on Loch Aerie Mansion for two decades. He first saw the historic Malvern estate in 2006 and wanted to buy it, but the price wasn’t right. When it went to auction in 2016, he had to pass again. In May, he finally got his chance, writes Emma Dooling for…
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Montgomery County Leadership: Chris Godshall, Senior Vice President, Meridian Bank
Chris Godshall, Senior Vice President of Commercial Lending at Meridian Bank, spoke with MONTCO Today about growing up in Hatfield Township as the son of a Hairdresser and an Electrician, sharing in his father’s love of cars, and working in a retirement home to afford a vehicle of his own. While pursuing his finance degree…
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The Mother Behind Mikal Bridges’ Rise from Great Valley to the NBA Finals
As Mikal Bridges chases an NBA championship with the New York Knicks, the Great Valley High School graduate is carrying a story rooted in perseverance and a mother’s belief in her son, writes Alex Coffey for The Philadelphia Inquirer. Bridges’ journey began with his mother, Tyneeha Rivers, who grew up in West Philadelphia. Rivers was 19 when Mikal was born, a…
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Vanguard Ditches Malvern Office Lease, Cutting Building Occupancy to 36 Percent
Vanguard is walking away from 87,600 square feet of office space in Malvern, a move that will send one building’s occupancy from 100 percent to 36 percent, reports Paul Schwedelson for the Philadelphia Business Journal. The investment giant’s lease at 45 Liberty Blvd. in the Great Valley Corporate Center expires at the end of June, and Vanguard informed landlord FLD Group that it won’t…
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10 Ways This Man and His Malvern Company Changed the Way Ordinary Americans Invest
A company founded at Valley Forge manages more than $12 trillion in assets, owns major stakes in nearly every major American corporation, and quietly helped reshape the way millions of people save for retirement. You may drive past its campus on Route 202 without giving it a second thought. That would be a mistake. Recently,…
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Meridian Bank Supports Former Broadcast Journalist’s Successful Pivot Into Construction
After nearly two decades as an Emmy-winning Broadcast Journalist, Rosemary Connors made a bold and unexpected career shift: trading the newsroom for the construction industry. Today, as founder and owner of Rosette Specialty Trades, she is leading a rapidly growing business that is making its mark across the region. Connors’ transition was fueled by both…
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The Long Run: How Ultramarathon Discipline Shapes One Meridian Banker’s Approach to Everything
There’s a moment in every ultramarathon — somewhere past mile 60, when the trail is dark, and the finish line still feels impossibly far — where discipline becomes the only currency that matters. Michael Dectis knows that moment well. On April 24 and 25, the Meridian Bank Mortgage Loan Officer completed a 100-mile ultramarathon. Not…
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Malvern Gene Company to Raise $115M from Convertible Notes While Dealing with Stock Decline
Malvern-based Ocugen saw its stock fall almost 20 percent after an announcement to use convertible notes to pay down existing debt and fund ongoing drug development, writes John George for the Philadelphia Business Journal. The gene therapy company plans to raise $115 million through these notes, which is debt that be turned into stock. The…
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Former Malvern Chick-Fil-A Employee is First Black Woman to Open Own Franchise Location in PA
Sereena Quick, a former federal probation officer and employee at Malvern Chick-Fil-A, has opened her own franchise location in North Philadelphia, writes Brian A. Saunders for Philly Voice. This makes Quick the first Black woman to own a Chick-fil-A in Pennsylvania, New Jersey, and Delaware. Quick started her career as a juvenile probation officer in…
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Howell Engineering Tees Up a Full Slate of High-Profile Events
Some golf outings are just a round of golf. The 2026 Howell Open is something more. Set for Monday, June 1, at the White Manor Country Club in Malvern, the Howell Open is hosted by the Howell Family Foundation and built around a cause that hits close to home for anyone who’s ever had a…
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Daughter of Former MLB Catcher Ranks as No. 1 Lacrosse Player in the Country
Riley Davis, daughter of Malvern Prep alum and baseball star Ben Davis, is carrying on her family’s tradition of athletic stardom as the no. 1 lacrosse player in the country, writes Joseph Santoliquito for The Philadelphia Inquirer. Major outlets named Davis, currently a junior at the Academy of Notre Dame de Namur, as the nation’s…
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Malvern-Based Vanguard Shifts Away from Sponsoring Visas, Plans 2,000 Tech Hires in India
Malvern-based Vanguard Group has shifted away from sponsoring visas and plans to directly hire 2,000 technology workers at its new office in Hyderabad, India, writes Joseph N. DiStefano for The Philadelphia Inquirer. Having already brought on over 200 staff, Vanguard India aims on hiring another 2,000 more over the next three to four years. The office, which opened last fall, is located in a…
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Former Cantaloupe CEO Stephen Herbert Leads New SPAC, Seeking Merger Target
Led by Stephen Herbert, former leader of Malvern-based Cantaloupe, Armada Acquisition Corp. III is looking for a merger target after raising $248.5 million in an initial public offering, writes Jeff Blumenthal for the Philadelphia Business Journal. The special purpose acquisition company, also known as SPAC, is the third Armada vehicle led by CEO Herbert and President Doug Lurio. Herbert…
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Malvern’s Vanguard Announces Second Major Fee Cut in Year, Totaling Nearly $250 Million
Malvern-based Vanguard Group said on Monday that it is slashing fees on 53 investment funds, representing its second major reduction in fees in a year, writes Jeff Blumenthal for the Philadelphia Business Journal. The fee reductions translate to an average savings of 27 percent for investors, totaling nearly $250 million. On Feb. 1, 2025, the firm reduced fees on…
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Previously Outsourced, Malvern’s Vanguard Group Reclaims Hundreds Of Local Jobs From Infosys
Vanguard Group is bringing hundreds of jobs back from Infosys to its Malvern headquarters, following a 1,300-position outsourcing move six years ago, writes Ryan Mulligan for the Philadelphia Business Journal. The investment giant is laying off 248 employees at its Infosys subsidiary BPM Limited in Chesterbrook, with 96 percent getting offered positions within Vanguard. The layoffs are scheduled to occur between…
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New York Hospitality Firm Acquires Malvern Residence Inn for $14.7 Million
A New York-based Samar Hospitality affiliate has purchased the 127-room Residence Inn by Marriott Philadelphia Great Valley/Malvern for $14.7 million, writes Emma Dooling for the Philadelphia Business Journal. At $115,748 per key, the sale price exceeds the five-year average of $100,971 per room for hotel transactions in the market. Property records show that 10 GWB Owner, the buyer, is managed by Samar, a…
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Immaculata University Hosts Presidents Day Undergraduate Information Session
Immaculata University will host an undergraduate admissions information session on Presidents Day, Monday, Feb. 16, from 9-11:00 AM in the Green Room of Villa Maria Hall on the University’s campus. Registration and a continental breakfast will begin at 8:45 AM. This event is designed for high school juniors and seniors, as well as students interested in…
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