Company and tech news from the region.
SYS gains government contract
San Diego-based technology contractor SYS Technologies was awarded a $1.1 million subcontract by Science Applications International Corp. (SAIC).
SYS will provide systems engineering services to SAIC in support of SPAWAR’s (Space and Naval Warfare Systems Command) FORCEnet Integrated Architecture program. The program will incorporate common engineering, information protocols, computing, and interface standards across computer environments and platforms.
The open architecture will provide technical performance, architecture, and design guidance for the computer programs and computing infrastructure of future Naval Warfare Systems.
TimeSpring releases CDP software
Newport Beach-based TimeSpring Software Corp. said it released TimeData for Microsoft SQL Server 2005. TimeSpring’s TimeData continuous data protection (CDP) software eliminates the data protection gap of traditional backup systems and allows SQL Server users to recover from data loss, corruption or other issues within minutes. TimeData also helps users migrate real-time production data from SQL Server 2000 to SQL Server 2005 without shutting down, slowing down or exporting data. TimeSpring’s TimeData is currently the only file-based application intelligent CDP solution for the Windows platform.
IT worker confidence up in November
Confidence in the employment market among IT workers rose marginally in November, as the sector’s Hudson Employment Index inched up 2.2 points to 101.1. Renewed confidence in personal finances and heightened job satisfaction contributed to the slight increase. Technology workers were about as optimistic as workers overall; the composite Index held steady in November, slipping just .04 points to 100.1.
Nearly half (48 percent) of the workers in the IT sector reported that their financial situations were improving in November, up from 38 percent the previous month. There was a six-percentage point drop to 35 percent in the number reporting that their finances were getting worse. Job satisfaction rose five points to 76 percent in November.
Commerce5 sold to Minnesota company
Minnesota E-commerce company Digital River Inc. will acquire Aliso Viejo-based Commerce5 Inc. in a deal worth $45 million.
Commerce5 is a private e-commerce software maker.
Eden Prairie, Minn.-based Digital River will acquire about 40 Commerce5 client contracts, including Gateway, Inc., Lexmark International Inc., Sharp Electronics Corp. and Sony Electronics Inc.
Digital River will pay $32.4 million for the company, and it will assume $12.6 million in debt. In addition, Commerce5 executives will receive 87,500 Digital River shares based upon meeting certain performance goals.
Trio-Tech purchases Shanghai company
Van Nuys-based semiconductor testing company Trio-Tech International will acquire all the outstanding shares of Globetronics Shanghai Inc. for $525,000 in cash.
Trio-Tech bought the Shanghai-based semiconductor testing and burn-in business from Globetronics International Inc.
Founded in 1958, Trio-Tech International provides third-party semiconductor testing and burn-in services primarily through its laboratories in Southeast Asia. It also designs, manufactures and markets equipment and systems used in the testing and production of semiconductors.
Burbank police get tech aid
CompuDyne Corp. will provide software and services for the Burbank police department under a $1.5 million contract with the city.
Annapolis, Md.-based security technology company CompuDyne will provide the department with new computer-aided dispatch, records management and field reporting systems. The Burbank Police Department has been a CompuDyne client since 1985 and wanted to update its systems.
The records management portion of Burbank’s new system will streamline and automate records processing and criminal investigations. And 30 police cruisers will get tools allowing officers to access their accident and case reports and write new ones while they’re out in the field.
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