A brother act attracts investor

Article Abstract:

Bentley Systems Inc. (Exton, PA) received a $15 million investment from Bachow & Associates Inc. (Bala Cynwyd, PA). Bentley is described as the largest privately held software company in the U.S. The company offers its CAD program which allows engineers to collectively work on design projects via the internet. The program reconciles changes made to the project. Bachow invested in this company because it was impressed with the company's current number of users, which includes Dupont. Bachow was also interested in Bentley's ideas on how people will work in the future. One of the Bentley brothers developed the program while working at Dupont. The article concludes with a table showing investments for regional companies.

Prepackaged software, Software Publishers, Use of services, Use of Funds, Applications Software Pkgs (Micro), Bentley Systems Inc., Applications software, Bachow and Associates Inc.

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Cendant Corp. in talks to sell mortgage unit

Article Abstract:

Cendant Corp. is in the process of negotiating with a potential buyer of its home-mortgage unit, which employs 4,300 people in Mount Laurel and is one of the Philadelphia area's largest employers. The sale could fetch up to $1 billion after debts are paid.

Acquisitions & mergers, Mergers, acquisitions and divestments, Company acquisition/merger, CD, Avis Budget Group Inc.

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Greater Philadelphia First pledges more action

Article Abstract:

Sam Katz, chief executive of Greater Philadelphia First, announced that the company would spend more time taking action, including concentrating on getting, aiding and keeping "knowledge businesses."

Strategy & planning, HOLDING AND OTHER INVESTMENT OFFICES, Philadelphia First

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