IBM Spinout and Marketing Strategy Firm Join Science Center

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Wednesday, October 10th 2012
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PHILADELPHIA, Oct. 10, 2012 (GLOBE NEWSWIRE) -- Two companies focused on providing innovative ways to support businesses have taken space in the Science Center's Port business incubator at 3711 Market Street in Philadelphia, Penn. Persistent Telecom Solutions, a software spinout of IBM is occupying a cubicle and SWELL, a marketing strategy firm has taken desk space in the Bullpen.

Persistent Telecom is developing a software product used for network performance management, service level measurements and reporting, prediction of faults and service level breaches. Utilizing a combination of internally developed software, third party commercial software and open source software, Persistent Telecom's primary market is large Network Service Providers, but also serves government and small businesses.

The company plans to leverage their existing customer base from IBM to expand product installations and licenses. According to Michael Uftring, advisory software engineer at Persistent Telecom, who is managing the company's Philadelphia office "new partnerships with customers and integrators will be built to develop new features and products in the emerging wireline and wireless network space."

"We are interested in joining the growing technology sector in Philadelphia. Being located in an incubator and surrounded by other startups will give us an opportunity to assist and work with growing companies while learning from them at the same time" said Uftring.

SWELL is a marketing strategy and implementation company. They define themselves as Marketing Quarterbacks with a focus on strategy, consumer insight, project management, branding, advertising, media planning, web/interactive and sales communications. SWELL has worked with Keystone Edge, Pennsylvania Winery Association, and LIFT.

"We wanted to be where innovation is happening and draw off of the energy of entrepreneurship" commented Greg O'Loughlin, principal and founder of SWELL. "The Port business incubator offers exactly that."

About The Science Center

The University City Science Center accelerates technology commercialization, regional economic development, and the market availability of life‐enhancing scientific breakthroughs by bringing together innovations, scientists, entrepreneurs, funding, laboratory facilities, and business services. Established in 1963 and headquartered in Philadelphia, PA, the

Science Center was the first, and remaiwns the largest, urban research park in the United States. Graduate organizations and current residents of the University City Science Center's Port business incubators have created more than 15,000 jobs that remain in the Greater Philadelphia region today and contribute more than $9 billion to the regional economy annually. In addition to offering physical resources to start‐up companies, the Port business incubator surrounds emerging ventures with the other ingredients required to grow and be successful. For more information: www.sciencecenter.org.

CONTACTS:
Jeanne Mell
University City Science Center
3711 Market Street, Suite 800
Philadelphia, PA 19104
215‐966‐6029
jmell@sciencecenter.org

Kristen Fitch
University City Science Center
3711 Market Street, Suite 800
Philadelphia, PA 19104
215‐966‐6156
kfitch@sciencecenter.org

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