Colin C. Haley

Sapient has laid off 545 workers as orders for its Internet consulting services continue to lag, especially from financial service customers. The Cambridge, Mass., firm also said CFO Edward G. Goldfinger resigned to take a job with Empirix, a Waltham, Mass., Web applications testing firm. Susan D. Johnson, senior vice president, will serve as acting […]

David Wetherell, the controversial leader of Internet investor CMGI , is stepping down as CEO on March 1. The 47-year-old will stay on as chairman of the Andover, Mass., company, which owns search engine Alta Vista, auction site UBid and ad software firm Engage , among others. He will be replaced by CFO George McMillan, […]

Monster.com has spent hundreds of millions of dollars gobbling up rival career sites. To date, the spree has paid off handsomely — some of the world’s largest employers advertise openings with the Maynard, Mass., company and nearly 9 million candidates visit each month. And a recent earnings report, shows Monster is doing well despite the […]

Three Massachusetts municipalities — Amherst, Cambridge and Worcester — have signed deals with Irvine, Calif.-based DynTek for e-government software and services. The deals includes DynTek’s ePluribus product line, which delivers a fully functional Web site and the tools required to regularly update content such as job and event postings and process applications and tax payments. […]

iBasis , a Burlington, Mass., will sell its messaging business to fellow communications service provider Call Sciences, of Edison, N.J. Financial terms were not disclosed. The deal includes iBasis’ Santa Clara, Calif., data center and the VoCore product line which provides phone access to e-mail, voice mail, fax mail, calendars and contact lists. “Ultimately, we […]

Call it the Enron double whammy. First, companies with accounting questions saw investors dump millions of shares in an Enron-inspired sell-off. Now, these same firms, face a related, and potentially more serious, threat — class action lawsuits. “My suspicion is that in light of the Enron debacle, there will be a lot more accounting-oriented class […]

Moving from a pilot program to a full-fledged installation, Ford Motor Co. will use software from Nashua, N.H.-based Tecnomatix Technologies to improve the efficiency of its far-flung manufacturing operations. Financial terms were not disclosed. Specifically, the deal includes Tecnomatix’s eMPlanner, eBOP Browser and eMReoports products. The Detroit auto maker will use the applications in the […]

Salesnet, a Boston application service provider (ASP) focused on sales force automation software (SFA), has raised $7.8 million in new financing for product enhancements and predicts it will turn a profit by year’s end. Prism Venture Partners led the round. Phoenix Investment Partners and Juniper Venture Capital also participated. Since its founding in 1997, the […]

Infrastructure giant Genuity recorded a fourth-quarter charge of $2.7 billion to write down network assets, canceled contracts and severance pay and benefits for laid off workers. The Woburn, Mass., firm also said it exit the wholesale dial-up business, with the exception of its two largest customers AOL and Verizon . Remaining dial-up customers will be […]

Continuing its role of “industry consolidator”, DSL.net , of New Haven, Conn., is acquiring customers and equipment from the failing Broadslate Networks. Charlottesville, Va-based Broadslate is ceasing operations March 15. Financial terms of the deal were not disclosed. As part of the pickup, DSL.net gains digital subscriber line, T1, and virtual private network customers, located […]

Accounting used to be black and white, but in recent years companies have employed a host of techniques designed to produce investor-friendly results. Examples include pro forma earnings, lending money to customers for product purchases and assigning losses to subsidiaries. While legal, the techniques mask a company’s true fiscal health. And as the Enron scandal […]

Enterasys Networks is undergoing a crash course in crisis management after disclosing two investigations: an internal audit of a $4 million Asia-Pacific contract; and an apparently unrelated Securities and Exchange Commission probe. As a result, the Portsmouth, N.H., telecom equipment maker has delayed the spinout of Aprisma Management Technologies and the release of fourth-quarter and […]