Roy Mark

Software pirate Julian Kish is settling a civil lawsuit filed by the Software & Information Industry Association (SIIA) on behalf of Adobe Systems, Inc., Alias|Wavefront, a division of Silicon Graphics Limited, and Macromedia. The settlement came on the heels of the Washington, D.C.-based SIIA’s sting operation designed to search for and to enter into transactions […]

To lossen what the Competitive Telecommunications Association (CompTel) calls the Bell companies’ stranglehold over local market access, the association is vowing to “Break the Bottleneck.” In a press conference marking the fifth anniversary of the of the 1996 Telecommunications Act, four chief executive officers representing the competitive local exchange carrier (CLEC) and Internet service provider […]

The majority of consumers are choosing DSL over cable for their high speed service, but a greater percentage of cable users are satisfied with their broadband service according to recent findings from The Strategis Group. Of the 55 percent of current broadband users who have a choice between DSL and cable modems, 60 percent are […]

I-shop webMethods, Inc. is acquiring IntelliFrame Corp., a wholly-owned subsidiary of Computer Network Technology Corp., in a cash and stock deal worth $31.1 million. The Fairfax, Va.-based webMethods will issue $22.5 million worth of new common stock and pay $8.8 million to complete the deal expected to close by March 31. Through the transaction, webMethods […]

The ax finally swung at AOL Time Warner Inc. Tuesday and the result was all too virtual with the newly merged media giant cutting 2,000 employees from it payroll, including 300 in Northern Virginia. Last week, the company began announcing layoffs across a number of its divisions, but it did not extend the cuts to […]

VCampus Corp. is restructuring its company by reducing its workforce by 39 employees and focusing on the high-margin online services it delivers to its base of corporate, government and higher education customers. The restructuring is based on management expectations that next year the Reston, Va.-based company will achieve profitability by the fourth quarter and be […]

DLJdirect Inc., the online brokerage service of Credit Suisse First Boston, Inc., and America Online, Inc. are expanding of their existing alliance under which DLJdirect will be a premier financial services provider across several AOL brands. The new agreement will bring together the companies’ consumer brands to deliver brokerage and investment services for personal financial […]

Wireless service provider Aether Systems Inc., (NASDAQ:AETH) is acquiring RTS Wireless, a developer of software systems connecting the Internet to a broad array of wireless devices, for $26 million in cash and approximately 1.3 million shares of Aether stock. The acquisition broadens Aether’s product suite while enhancing the company’s current offerings to the carrier and […]

KnowledgePlanet is closing a $47 million round of financing with a group of leading technology investors including GE Equity, HarbourVest Partners, DHM Arcadia Partners, First Union Capital Partners and AIG Horizon Partners. The new financial support marks the largest round of funding secured by the company to date. The Reston, Va.-based KnowledgePlanet will use the […]

Managed service provider mindSHIFT Technologies is closing a $21 million round in capital financing. The company, which was founded in April, will use the capital investment to continue the development and deployment of its service offering throughout the Washington, D.C., market and into surrounding markets in the first quarter of next year. The Reston, Va.-based […]

America Online, Inc. is launching Instant AOL, an instant-on version of its service available on a new line of home Internet appliances called the Touch Pad created by Gateway. Instant AOL is a customized version of the AOL service that connects the consumer to AOL as soon as they turn on the device and offers […]

The first U.S. Internet firm to list on the Swiss New Market for growth stocks, e-centives, Inc. , plans an initial public offering of 3.7 million shares priced at $11 per share. Swissfirst Bank AG acted as the lead manager and Pictet & Cie as co-manager. The Bethesda, Md.-based company’s common stock will be listed […]