PhillyInc Archive: March, 2013

Bryn Mawr Bank to acquire 4-branch MidCoast in Delaware

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Bryn Mawr Bank Corp. will go from one branch to five in the state of Delaware by acquiring MidCoast Community Bancorp Inc. in a transaction... Read more

Royal Bancshares cuts 9 pct. of workforce

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Royal Bancshares of Pennsylvania Inc. has cut 9 percent of its workforce which stood at 152 employees as of Dec. 31. The Narberth-based bank... Read more

Bentley Systems' revenue up 5 pct. to $550 million in 2012

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Bentley Systems Inc., an Exton software developer focused on roads, bridges and other infrastructure projects, said revenues increased 5 percent... Read more

Shire buys SARcode Bioscience for at least $160 million

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Shire P.L.C. will buy SARcode Bioscience Inc., which is developing a treatment for dry eyes, in a deal worth at least $160 million. The pharmaceutical... Read more

India's AGC Networks buys fast-growing Transcend United

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Say goodbye to one of the 17 companies that made the Inc. 500 fastest-growing companies list in 2012. Transcend United Technologies L.L.C... Read more

Cross Atlantic Capital to wind down fund, sell Rubicon shares

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Venture capital funds do not last forever, and Cross Atlantic Capital Partners has said it will wind down a fund started in 1999. The Radnor... Read more

Honickman Group to buy Long Island Pepsi bottling franchises

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Honickman Group, of Pennsauken, will acquire Pepsi-Cola bottling operations on Long Island, N.Y. from another independent bottler, Pepsi Bottling... Read more

First Round Capital to manage $6 million Startup PHL Seed Fund

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First Round Capital, one of the nation's most active venture capital investors, has been picked by the City of Philadelphia to manage its $6... Read more