Tuesday, December 1, 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. 

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About this blog

PhillyDeals posts interviews, drafts and updates that Joseph N. DiStefano writes alongside his Sunday and Monday columns and ongoing articles about Philadelphia-area business.

DiStefano studied economics, history and a little engineering at Penn. He taught writing and research at St. Joe’s. He has written for the Inquirer since 1989, except when he left a few times to work at Bloomberg and elsewhere. He wrote the book Comcasted, and raised six kids with his wife, who is a saint.

Reach Joseph N. at JoeD@phillynews.com, 215.854.5194, @PhillyJoeD. Read his blog posts at http://www.philly.com/PhillyDeals and his Inquirer columns at http://www.philly.com/philly/columnists/joseph-distefano/. Bloomberg posts his items at NH BLG_PHILLYDEAL.

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

Joseph N. DiStefano
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