Philadelphia news

Company and tech news from the region.

Crutchfield adopts E-Duction product

Blue Bell-based E-Duction, Inc., the provider of Clear, announced an agreement with Crutchfield Corp., a maker of consumer electronics, to offer Crutchfield products and services through Clear’s Budgeting Plan. Employees of companies that offer the Clear program now have the option to pay for Crutchfield merchandise interest-free over six months, with payments automatically deducted from their paychecks. Clear is a payment card that allows employees to purchase products and services worldwide and pay for them via payroll deduction.

EResearch, Siemens team up

Philadelphia-based EResearch Technology Inc. and Siemens Medical Solutions signed an agreement under which Siemens will embed eRT’s electronic clinical trial processing technology into its information technology and operations platform. The agreement will enable Siemens to offer life-sciences customers the ability to access software for managing clinical trial data. The two companies intend to make the software available to the health care market, as well. Siemens Medical Solutions is based in Malvern.

ExclamationSoft updates NetMailBot

Doylestown-based ExclamationSoft Corp. released NetMailBot 4.0, an enhanced version of its popular command line e-mail application. The upgrade features enhancements that increase the speed and power of the application, including the ability to download and act on email messages from a POP3 email server.

NetMailBot is now capable of parsing email message parts, saving attachments, forwarding, and auto-responding.

LinuxForce to power Web contest

LinuxForce Inc. said its software will power the Web-based contest in which K-12 students will attempt to predict the weather conditions at Kill Devil Hills, N.C., on the 100th anniversary of the Wright brothers’ first flight.

The contest, which is called the 2003 Flight Forecast, is on the Web site of the Franklin Institute Science Museum, a LinuxForce client.

The Franklin Institute was chosen to develop the contest by the U.S. Centennial of Flight Commission.

Verticalnet sells stock, raises $1.8 million

Malvern-based Verticalnet Inc. raised $1.8 million through a private placement.

Verticalnet, a developer of strategic sourcing and supply management software, netted $1.6 million from the placement, which involved the sale of 1.8 million shares of Verticalnet common stock at $1 per share. The institutional investors that bought the stock also will receive warrants to purchase 720,000 shares of Verticalnet stock at an exercise price of $1.36 per share. Verticalnet intends to use the proceeds of the offering for general corporate purposes, to increase its liquidity and financial flexibility and to support future growth opportunities.

Softmart gets $87M SSA pact

Downingtown-based software and hardware reseller Softmart was awarded a five-year, $87 million contract to provide the Social Security Administration with Microsoft Corp. software. Softmart also will be responsible for maintaining the software and tracking usage of it by the agency’s more than 100,000 employees.

CoreTech announces new projects

King of Prussia, Pa.-based CoreTech Consulting Group LLC won contracts totaling around $600,000 to perform projects for two unidentified companies.

One of the contracts calls for CoreTech to provide development and enterprise-application-integration services to a global human resources consulting company. The other calls for CoreTech to provide outsourced services for a new security tool deployment for a global pharmaceutical company.

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