Sunday, April 19, 2015

5 years after Oracle score, Rittenhouse barkeeps back in software

Adminovate, the latest Chris Gali - Chris Doggett project

5 years after Oracle score, Rittenhouse barkeeps back in software

If work ever drags for Christopher Doggett and Christopher Gali at their year-old software company, Adminovate, whose offices -- programmers, poolroom and all -- are high up the office tower at 1818 Market St., they can head around the corner for late-afternoon daiquiris at one of the bars they own, the speakeasy-themed Franklin Mortgage & Investment Co.

Insurance software made Gali and Doggett rich. They sold their previous company to Oracle Corp. for $125 million. Then they took a break and focused on cocktails and living the good life in Philadelphia's toniest neighborhoods. Now they are back for a software encore.

Doggett, who left college in Ohio to work in computers, and Gali, who moved to Philadelphia from Chennai, India, to attend Temple University, met while working at American International Group's information technology department in Wilmington 20 years ago.

 In 1998, Doggett and Gali started their own software firm, AdminServer, building Internet applications for dozens of insurers and hiring more than 200 people before they sold the firm to business software giant Oracle in 2008.

Flush with cash, and bound by an Oracle noncompetition clause that would keep them on the software sidelines for a few years, they started Franklin Mortgage, named for an actual Prohibition-era bootlegging front. They also opened Lemon Hill in the Fairmount section.

By the time Gali and Doggett's noncompete lapsed, they were ready to develop what Doggett calls the "next generation" of insurance-processing software, built on the common C# programming language and compatible with Microsoft, smartphones, and cloud-based systems.

-- From my Page One story in today's Philadelphia Inquirer. Read it here - promotion code R55Q will help you access the story today if you're not already a logged-in Inquirer subscriber. 

About this blog

PhillyDeals posts raw drafts and updates of Joseph N. DiStefano's columns and stories about Philly-area finance, investment, commercial real estate, tech, hiring and public spending, which he's been writing since 1989, mostly for the Philadelphia Inquirer.

DiStefano studied economics, history and a little engineering at Penn, taught writing at St. Joe's, and has written the book Comcasted, more than a thousand columns, and thousands of articles, and raised six children with his wife, who is a saint.

Reach Joseph N. at JoeD@phillynews.com or 215 854 5194.

Joseph N. DiStefano
Business Videos:
Also on Philly.com:
Stay Connected