InternetNews Staff

Canada’s National Bank Financial has re-signed with IBM in an eight-year outsourcing contract that includes plans to upgrade the bank’s enterprise network for straight-through — or same day — transaction processing. The project to upgrade Canada’s systems for STP is part of an overall outsourcing contract the bank awarded IBM that’s worth about $134 million […]

The U.S. Consumer Product Safety Commission (CPSC) said IBM is voluntarily recalling 56,000 computer monitors for repair. The problem is that the monitor’s circuit board can overheat and smoke, posing a fire hazard to consumers, the commission said. IBM said it received five reports of monitors overheating and smoking, including one report of minor property […]

Shareholders of corporate information/database company Hoover’s Inc. voted to approve the takeover of the company by fellow database company D&B for $7 per share, or about $117 million. Once finalized, the takeover would make the Murray Hill, N.J.-based Hoover’s database business, including its growing online subscription business, a part of D&B’s plan to expand its […]

Making the grade with academics, Juniper Networks said an additional 17 European research and education networks are using its equipment to power advanced Internet protocol services. Financial terms were not disclosed. In all, more than 40 such networks on the continent use the Sunnyvale, Calif., company’s hardware and software. While not enough to offset lagging […]

KnowledgeBase Solutions Inc., a provider of knowledge management software for customer self-help and support, today announced the availability of KnowledgeBase.net Version 3.0. According to Los Angeles-based KnowledgeBase, Canon U.S.A.’s Systems and Technical Support Division will be the first customer to upgrade to the new version, which includes portal customization, added search options, foreign language support […]

CACI International has completed the purchase of the outstanding stock of Applied Technology Solutions (ATS), a Northern Virginia information technology company with clients in the national intelligence community. Terms of the acquisition were not disclosed, but the transaction is anticipated to be accretive to CACI earnings. The acquisition supports the Arlington, Va.-based CACI’s strategic goal […]

America Online on Friday named Stephen Swad as its executive vice president and chief financial officer in its latest senior management shuffle as the ISP works to turn its fortunes around. Swad was formerly executive vice president of finance and administration for AOL Time Warner’s Turner Broadcasting System. In his new role as CFO for […]

Motorola’s tender offer for Next Level Communications is proceeding after the Deleware Supreme Court refused to hear an appeal by Next Level executives to block the $30 million bid. The plaintiffs argued that Motorola had not given shareholders all the information they needed to vote on the proposed buyout. The cell phone giant already owns […]

It’s a good time to be looking for acquisitions, especially if you’re a survivor in the ISP space. If you have cash, you have the whip hand, but Cogent Communications today demonstrates that companies can make strategic moves even if all they offer is stock and the assumption of liabilities (i.e., debt and ongoing costs). […]

In a move designed to help harness volumes of data to measure in real-time the performance of corporate communications campaigns, Vocus Inc. today announced the release of Vocus Analytics. Vocus, a Lanham, Md.-based ASP that specializes in online communications services, reports that its new analytics software will help customers evaluate the adoption of corporate and […]

A Delaware court has denied a request by Next Level Communications to block a tender offer from Motorola‘s . Next Level claimed Motorola had not given shareholders all the information they needed to vote on the $30 million buyout bid. But the court disagreed, concluding that “Motorola has fully and adequately disclosed all material information […]

Looking to bring a utility model to software deployment and operation, Corio Inc. , a San Carlos, Calif.-based enterprise ASP, today announced Corio Development on Demand, an enterprise application development solution. Available for a fixed monthly fee, the goal of the service is to help companies reduce the cost, time and skilled resources required to […]