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	<title>Technically Philly &#187; SaaS</title>
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		<title>Shop Talk: Vuzit grows up</title>
		<link>http://technicallyphilly.com/2009/08/19/shop-talk-vuzit-grows-up</link>
		<comments>http://technicallyphilly.com/2009/08/19/shop-talk-vuzit-grows-up#comments</comments>
		<pubDate>Wed, 19 Aug 2009 07:15:43 +0000</pubDate>
		<dc:creator>Sean Blanda</dc:creator>
				<category><![CDATA[Shop Talk]]></category>
		<category><![CDATA[SaaS]]></category>

		<guid isPermaLink="false">http://technicallyphilly.com/?p=5124</guid>
		<description><![CDATA[A little more than a year after graduating from DreamIt Ventures, document sharing site Vuzit is growing up. &#8220;It&#8217;s feeling less and less like a startup everyday,&#8221; says CTO Chris Cera. The company has hired its first non-founder employee, a sales person to help expand sales, and has recently released the 3.0 version of its [...]]]></description>
			<content:encoded><![CDATA[<p><img class="alignright" title="Vuzit logo" src="http://technicallyphilly.com/wp-content/uploads/2009/02/vuzitleft.png" alt="" width="200" height="80" />A little more than a year after graduating from DreamIt Ventures, document sharing site <a href="http://vuzit.com/">Vuzit</a> is growing up.</p>
<p>&#8220;It&#8217;s feeling less and less like a startup everyday,&#8221; says CTO Chris Cera.</p>
<p>The company has hired its first non-founder employee, a sales person to help expand sales, and has recently released the 3.0 version of its DocuPub Platform. As a result, the company is having to rapidly add and plan features while trying to keep its service humming along smoothly.</p>
<p>After the jump we take a look at what makes Vuzit tick, some new features of 3.0 and the super secret deal Vuzit has up its sleeve.<span id="more-5124"></span></p>
<p>Vuzit describes itself as an enterprise B2B company and the only 100 percent AJAX-based document sharing system on the Web. It counts over 30 customers that use its document sharing form, especially its &#8220;Enterprise On-Demand&#8221; service. Essentially, the company offers their document sharing technology to businesses looking to roll it into existing products.</p>
<p>So if you, as a consumer, wanted to share the funny short story you have written, Vuzit may not have typcially been your first choice. The service is more intended for business owners that need a way to securely exchange documents.</p>
<p>That is, until now.</p>
<p>Part of its growth includes a push to the application sphere where the company hopes to attract more business and consumer users that will become familiar with the service, and ultimately purchase its B2B services. Vuzit has even �stealthily� launched iPhone support and looks to be butting up against its web application competitor, <a href="http://www.scribd.com/">Scribd</a>.</p>
<p>To support these ambitious plans, Vuzit does all of its work in the cloud, using Amazon&#8217;s web services to host all of its computing. According to Cera, the company uses the s3 (storage) and ec2 (computing) services, which helps the company in its plans to begin expanding.</p>
<p>&#8220;I can have a new server up in 10 minutes,&#8221; says Cera who also noted that Amazon allows Vuzit to sell its services on dedicated servers for companies who don&#8217;t want the risk of sharing space. &#8220;Since we have done that, our sales have rapidly increased.&#8221;</p>
<p>However, despite its focus on growth, Vuzit is unlikely to look for more funding and is content with its $355,000 in seed money.</p>
<p>&#8220;We didn&#8217;t raise a [large amount] of money,&#8221; says Cera, &#8220;we wanted to grow the company slowly and intelligently.&#8221;</p>
<p><em>Every Wednesday, <a href="../2009/08/category/shop-talk"><strong>Shop Talk</strong></a> shows you what goes into a tech product, organization or business in the Philadelphia region. See others <a href="../2009/08/category/shop-talk">here</a>.</em></p>
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		<title>Shop Talk: StarCite&#8217;s web-based event planning software is all about SaaS</title>
		<link>http://technicallyphilly.com/2009/04/29/shop-talk-starcites-web-based-event-planning-software-is-all-about-saas</link>
		<comments>http://technicallyphilly.com/2009/04/29/shop-talk-starcites-web-based-event-planning-software-is-all-about-saas#comments</comments>
		<pubDate>Wed, 29 Apr 2009 18:04:54 +0000</pubDate>
		<dc:creator>Brian James Kirk</dc:creator>
				<category><![CDATA[Shop Talk]]></category>
		<category><![CDATA[Kevin Young]]></category>
		<category><![CDATA[SaaS]]></category>
		<category><![CDATA[StarCite]]></category>

		<guid isPermaLink="false">http://technicallyphilly.com/?p=2437</guid>
		<description><![CDATA[The Chief Financial Officer of purchasing at any large company can easily pull up a budget and see how much money is being spent on telephones, computers and office furniture. But meetings and conferences are a hidden expense category: their budgets are often hidden away within departments and divisions with no way to see spending [...]]]></description>
			<content:encoded><![CDATA[<p><img class="aligncenter size-full wp-image-2442" title="conference-browse" src="http://technicallyphilly.com/wp-content/uploads/2009/04/conference-browse.jpg" alt="conference-browse" width="420" /></p>
<p>The Chief Financial Officer of purchasing at any large company can easily pull up a budget and see how much money is being spent on telephones, computers and office furniture.</p>
<p>But meetings and conferences are a hidden expense category: their budgets are often hidden away within departments and divisions with no way to see spending at an executive level.</p>
<p>That&#8217;s foolish. At least, it seems so after a chat with <a href="http://www2.starcite.com/starcite/">Center City-based StarCite Inc</a>. Vice President Kevin Young.</p>
<p>&#8220;Instead of spending $10 million at different hotels, corporate event planners could go to Marriot directly and say &#8216;Let&#8217;s talk about better rates. What can you do for us?,&#8217;&#8221; he says.</p>
<p>If planners had a way to see spending, that is.<br />
<span id="more-2437"></span><br />
<img class="alignright size-full wp-image-2436" title="starcite" src="http://technicallyphilly.com/wp-content/uploads/2009/04/starcite.png" alt="starcite" width="166" height="90" />Enter StarCite, a provider of web-based solutions that automates corporate meeting and event planning and provides much needed spending visibility.</p>
<p>Just across the street from City Hall on Arch Street, StarCite has become a &#8220;dominant player&#8221; in the meeting planning technology field.</p>
<p>&#8220;We are a Philly company that originated here, was funded and backed by venture capital in Philadelphia, and I hope that we become one of the success stories,&#8221; he says.</p>
<p>Hope? It might have already.</p>
<p>Of the company&#8217;s 400 corporate clients, close to half are <a href="http://money.cnn.com/magazines/fortune/fortune500/2009/">Fortune 500</a> or <a href="http://money.cnn.com/magazines/fortune/fortune500/2008/full_list/">Global 1000</a> clients. It markets 93,000 hotel and meeting properties. And it boasts 3 million attendee transactions each year.</p>
<p>StarCite evolved from a technology developed to ease the digital refuse of event planning by McGettin Partners, a travel, meeting and planning company that managed large corporate events. The technology provided a seamless, automated system for corporate meeting and event planning.</p>
<p>Then StarCite founder John Pino realized that the technology was valuable outside of the company by itself. He spun it off and created the independent company in 1999.</p>
<p>Before tech companies like StarCite provided such services, planning companies developed their own software to manage the process. That got old quick.</p>
<p>&#8220;I think it&#8217;s because they are not technology companies. It&#8217;s too difficult to manage it, maintain it and own it. It&#8217;s much easier to go to a company like us, where it&#8217;s all we do,&#8221; Young said.</p>
<p>Even high-tech companies like Oracle and IBM, which are StarCite clients, gravitate toward third-party management systems.</p>
<p>&#8220;They have tremendous software capabilities, but its not their core competency, so it becomes a distraction to the core mission,&#8221; he said.</p>
<p>StarCite has offered itself as Software as a Service (SaaS) since it launched in 1999, enabling businesses to forego costly in-house software setups for web access to the platform.</p>
<p>It&#8217;s a model that Young thinks businesses are coming around on.</p>
<p>&#8220;Not too long ago, corporations weren&#8217;t ready for SaaS. They saw it as risky, data might not be secure, and they wanted total control,&#8221; he says.</p>
<p>&#8220;Now, more and more companies have gotten comfortable with the idea. The savings are huge in terms of the cost and effort to make the service usable.&#8221;</p>
<p>It&#8217;s also a solution that continues to be innovated.</p>
<p>As booking of meetings becomes more and more automated, StarCite is working on technologies that link to hotel back-end systems without manual intervention. Typically, meetings requiring more than nine rooms necessitate a hotel clerk for verification. Young says that the company hopes to expand that to 25 or 30 rooms with its system.</p>
<p>Corporations have been cutting back on meeting expenses during the economic slow down and StarCite hasn&#8217;t been immune.</p>
<p>Earlier this month, the company <a href="http://philadelphia.bizjournals.com/philadelphia/blogs/technology/2009/04/starcite_offers_free_service.html">began offering its software free to new customers until June</a>, with hopes of getting them hooked to the potential for savings.</p>
<p>Still, the company is fortunate to rely on two revenue models, Young says, that make up its service base.</p>
<p>There&#8217;s the buy-side, that is, every entity that creates meetings, whether it&#8217;s corporate clients or third-party corporate planners. They use the service to manage their meeting budget, with visibility and control over how money is spent. They&#8217;re charged subscription fees to access the online web platform.</p>
<p>Then, there&#8217;s the supply-side: hotels, venues and anywhere that can pack people in. They&#8217;re charged marketing dollars. &#8220;We give them opportunities to merchandise themselves,&#8221; Young says.</p>
<p>He says that diversifying revenue has really helped the business model.</p>
<p>&#8220;We&#8217;re selling to audiences that have very different business cycles. It helps when things are good and when things are tough, as they are today,&#8221; he said.</p>
<p><em>Image courtesy of <a href="http://www-b.jpl.nasa.gov/news/news.cfm?release=2007-001">NASA</a>.</em></p>
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