Deloitte recently published its 2020 Fast 500, which includes seven companies from the greater Philadelphia area..
Two of these were new to me.
Piano.io, a SaaS platform for media companies, has grown rapidly. It is based in New York, but Piano has been ramping up its Philadelphia office over the past two years. What Piano does is to help media organizations seamlessly monetize their web content, something that became essential as ad-only strategies fell short and more sites implemented subscription- based models
At the beginning of 2019, Piano raised a $22 million Series B led by Updata Partners. It has almost 400. employees. Fifty of these are in Philadelphia, including several senior execs.
Another company I didn’t know about is Collegeville-based Infinite Blue, which has a low code platform for building applications.
Infinite Blue specializes in business continuity & disaster recovery, which has been the core of Wayne-based SunGard Availability’s business. Many employees came from SunGard or Strohl Systems, a company SunGard bought and later sold. SunGard Availability was a legacy mainframe business, and Infinite Blue may have passed it by in terms of software.design capabilities.
Infinite Blue has 49 employees according to LinkedIn
In September, Infinite Blue announced a minority growth equity investment by Foundry Capital, which says it generally looks to invest between $15-$75m.
Philly-based Health Union, which runs online communities around specific illnesses or conditions such as migraines, has seen its business boom. The Wall Street Journal reported late last year it was looking for a buyer, but I’ve not seen news of one.