Cosmo DeNicola Companies News


Thursday, October 16, 2014

Futura Mobility Inducted into 2014 Philadelphia 100

PHILADELPHIA - The winners of the 2014 Philadelphia 100 were unveiled on October 16, and Futura Mobility once again made the list, ranking at number 63. The Fort Washington-based mobile tech company was one of only five companies to be inducted into the Philadelphia 100 Hall of Fame.

Futura Mobility provides strategic planning and integration of technology solutions that support mobile workers. Following an infusion of capital by Janet DeNicola and brand redesign in 2011, the company has seen 100% growth year over year and is poised to sustain this growth as the consumerization of mobile technology continues to evolve within enterprise corporations. The company’s recent focus on innovative solutions in healthcare (telemedicine and mobile health applications), has further positioned the organization for long-term growth.

Friday, October 10, 2014

BizEquity Announces $5 Million Investment from Frost Brooks

WAYNE, PENNSYLVANIA - Just a few weeks after launching its BizEquity One Valuation Cloud technology at FinovateFall 2014, BizEquity has earned an investment of $5.1 million from London-based private equity firm, Frost Brooks. The investment is the second major deal for Frost Brooks, and the first significant infusion of capital for BizEquity.

 

Founded in 2010 and based in Wayne, Pennsylvania, BizEquity specializes in business valuation. The company has valued more than 13 million businesses around the world using its cloud-based, Big Data engine. The company's "Valuation-as-a-Service" approach provides real-time valuation monitoring, a pre-value estimate for more than 27 million companies, as well as online advice and alerts.

In talking about the investment, BizEquity CEO Michael Carter praised Frost Brooks relationships with "some of the most powerful names in British business". Carter also mentioned a "full launch" in the UK "early next year." Frost Brooks Managing Partner Miles Frost pointed to Carter's experience as a successful fintech entrepreneur, and BizEquity's understanding of the "complexities of valuation" as reasons for enthusiasm about his firm's new minority stake in the company.

Thursday, October 2, 2014

Saints WR Marques Colston Buys Share in Philadelpha Soul

John George, Philadelphia Business Journal

PHILADELPHIA - The Philadelphia Soul has added another member to its ownership group, and this one has a Super Bowl victory on his résumé. New Orleans wide receiver Marques Colston, a resident of Medford N.J. in the off-season, is the latest investor in the Arena Football League team.

Colston joins the existing ownership group, which consists of former Philadelphia Eagles quarterback and currently ESPN commentator Ron Jaworski, real estate businessman Craig Spencer, Chickie's and Pete's restaurant owner Pete Ciarrocchi, and entrepreneurs Cosmo DeNicola and Marty Judge.

"Adding Marques only elevates our already strong ownership group and organization," Jaworski said. "He clearly has a vision of 'life after football‚' and is serious about his involvement with the business side of sports."

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Monday, August 25, 2014

Inc. Magazine Unveils 33rd Annual List of America’s Fastest-Growing Private Companies—the Inc. 5000

Inc. Magazine

NEW YORK - Inc. magazine today ranked Futura Mobility NO. 2406 on its 33rd annual Inc. 500|5000, an exclusive ranking of the nation's fastest-growing private companies. This marks the 8th consecutive year that Futura has been on the list, a list that represents the most comprehensive look at the most important segment of the economy—America’s independent entrepreneurs. Companies such as Yelp, Pandora, Timberland, Dell, Domino’s Pizza, LinkedIn, Zillow, and many other well-known names gained early exposure as members of the Inc. 500|5000.

“We’re thrilled to have made the Inc.5000 list again this year,” said Cosmo DeNicola, Futura Mobility chairman. “It is definitely a high achievement and we couldn’t be prouder.”

The 2014 Inc. 5000, unveiled online at Inc.com and with the top 500 companies featured in the September issue of Inc. (available on newsstands August 20 to November 30), is the most competitive crop in the list’s history. The average company on the list achieved a mind-boggling three-year growth of 516%. The Inc. 5000’ s aggregate revenue is $211 billion, generating 505,000 jobs over the past three years. Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000.

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Thursday, August 14, 2014

Will New China Football League Surpass NFL?

Steve Forbes, Forbes

NEW YORK - AT A TIME OF TENSION between Washington and Beijing—China’s worrying naval assertiveness, serious charges of cyber-spying, trade restrictions and protection of intellectual property—here’s a piece of good news: American-style football is coming to the Middle Kingdom. Chinese sports authorities have formally approved the creation of the country’s first football league.

The China American Football League (CAFL) will kick-off its first season in 2015, with six to eight teams in two conferences. The teams will be based in China’s major cities.

The mover behind this breathtaking breakthrough is Philadelphia-based, American businessman Marty Judge, who is co-owner of the Arena League’s Philadelphia Soul, a professional arena football team. Among those partnering with Judge are former NFL MVP and current ESPN analyst Ron Jaworski and Super Bowl-winning coach Dick Vermeil. The agreement was concluded with Judge’s Beijing-based company, Ganlan Media International and the Chinese Rugby Football Association.

Initial franchise owners will pony up $10 million per team and will receive a piece of TV-licensing rights.

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Thursday, August 14, 2014

Taking American Football Into New Territory: China

Richard Sandomir, The New York Times

NEW YORK - Marty Judge is fully convinced that China wants football — not the type played by the N.F.L. but the indoor version found in the Arena Football League, where the field is 50 yards long, there are eight players a side, and the ball can be rebounded off nets above the end zone.

“It’s exciting,” Judge said, “and it’s what the Chinese government wants.”

Judge, a co-owner of the Philadelphia Soul of the A.F.L., said Wednesday that he had an agreement with Chinese authorities to launch the China American Football League in conjunction with the Chinese Rugby Football Association.”

The league, he said by telephone, is expected to start in August 2015 with six to eight teams. He said confidently that he expected the league to have 30 teams in five years.

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Friday, July 25, 2014

Local firm developing Google Glass app with new acquisition funds

Lauren Hertzler, Philadelphia Business Journal

PHILADELPHIA – In May, Ernst & Young announced the acquisition of LogiStar Solutions, a fast-growing technology consulting firm founded in part by Cosmo DeNicola, Chairman of Cosmo DeNicola Companies. Some of the money from the acquisition is now being invested by DeNicola in a new “Innovation Lab” to build a Google Glass app.

Cosmo's Chief Innovation Officer Mark Handzlik is spearheading the development of the app, dubbed Inspector. It will cater to both the manufacturing and healthcare industries, aiming to provide mobile workers with hands-free intelligence. Special features of the app – which has been in the works for a few months – include flexible inspections, scheduling and reporting, inventory and data collection.

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Tuesday, May 27, 2014

EY buys fast-growing technology consulting firm

Jeff Blumenthal, Philadelphia Business Journal

PHILADELPHIA – Ernst & Young has bought LogiStar Solutions, a fast-growing provider of SAP supply chain implementation as it continues to expand its re-entry into the consulting world. EY did not disclose financial terms of the transaction.

LogiStar Solutions in Ft. Washington was formed in August 2011 by Cosmo DeNicola and technology entrepreneur David Gulian. When reached for comment, EY had little to say about the transaction save for confirming that LogiStar’s employees will be integrated into existing EY locations. Gulian said LogiStar has 65 employees but not all are based in its Ft. Washington headquarters.

The company’s revenue growth has been significant, starting with $2.8 million in five months of 2011, $11 million in 2012, $20 million in 2013 and a projected $26 million in 2014

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Thursday, May 8, 2014

Cosmo DeNicola Announces Investment in Dynamic EHR consulting firm, Pursuit Healthcare Advisors

PHILADELPHIA – Today, Cosmo DeNicola officially announced his investment in Pursuit Healthcare Advisors (PHA), a privately held firm that offers full-range implementation services for IT systems in healthcare organizations.

With an expertise in both acute and ambulatory care settings, PHA concentrates on leading Electronic Health Records (EHR) vendors including Epic, Cerner, Siemens, Allscripts™, MEDITECH, and NextGen®. The firms suite of full-service solutions include project and program management, meaningful-use assistance, EHR optimization, health analytics, training and go-live services, and clinical and financial system implementation.

PHA Managing Partners Marc Hirshfield and Robert Schwertfeger each have almost 20 years of healthcare IT and industry experience and will be responsible for company operations. “Rob and Marc are industry professionals,” said DeNicola. “My role is to provide them with all the tools and resources they need to create a dynamic organization that delivers true value.”

“PHA seeks to empower physicians, health systems and academic medical centers to not only improve their operations and care delivery, but to receive a significant return on their investment,” said Schwertfeger. “By ensuring on time and on budget implementations as well as optimized software utilization, we will achieve these goals.”

The healthcare consulting market continues to grow at a substantial rate due to healthcare organizations seeking to not only qualify for federal financial incentives, but to improve the quality of care delivery as well. “At PHA, we understand the importance of creating an organization that excels in system implementation, user adoption and satisfaction,” said Hirshfield.

Wednesday, April 30, 2014

Soul unite in midst of Sterling controversy

Tom Dougherty, CSNPhilly.com

PHILADELPHIA - Soul co-owner Cosmo DeNicola held a team meeting before practice Tuesday to address the racist comments from Los Angeles Clippers owner Donald Sterling. NBA Commissioner Adam Silver on Tuesday banned Sterling for life from the league and fined him the maximum $2.5 million.

“While many personalities and franchise owners have addressed the issue publicly, I felt it was extremely important to speak to our players in person,” DeNicola said in a statement. “I wanted to make sure that they knew the comments made by Sterling in no way reflect the beliefs of myself and the rest of the Philadelphia Soul ownership.”

DeNicola, a Philadelphia native and Temple graduate, focused on team unity, positivity and “brotherly love.” He gathered with the team for a team picture with players holding signs displaying #TEAM, #LOVE and #FAMILY.

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