A Sept. 14 Business in Brief item incorrectly described Accenture as a customer of ASP-One, a company being purchased by Apptix of Sterling. Accenture is a business partner of ASP-One. (Published 9/16/04)
* DigitalNet Holdings, a Herndon government information technology company, saw its shares rise almost 27 percent yesterday to close at $29.83, up $6.27, after announcing over the weekend that it would be acquired by BAE Systems North America for $595 million in cash. BAE Systems agreed to pay $30.25 a share for DigitalNet stock and also to assume $93.25 million in DigitalNet debt. BAE North America is based in Rockville and had about $5 billion in revenue last year.
* MicroStrategy, a McLean company that makes database management software, saw its shares rise more than 16 percent yesterday to $43.13, up $6.03, after an analyst at First Albany Corp. raised his rating on MicroStrategy from "buy" to "strong buy." Mark Murphy, the analyst, predicted a new product called iServer Universal, a Unix-based version of MicroStrategy software, would accelerate sales growth and boost market share.
* Apptix of Sterling will announce today a $3 million cash and stock deal to buy ASP-One of Chicago. Apptix provides "on-demand" software over the Internet to service providers, such as Bell Canada, that in turn rent it to business customers. An Apptix spokeswoman said ASP-One, whose customers include Accenture and Leading Hotels of the World, has "self-signup technology" that makes it less costly to provide online software to small and medium-sized businesses.
* ManTech International said it promoted Robert A. Coleman to president and chief operating officer. Chief executive George J. Pedersen, who remains with the company, previously held the title of president as well. Before the promotion, Coleman served as president of ManTech's Information Systems and Technology unit. The company also confirmed that it expects revenue of $835 million to $850 million for 2004.
* TeleCommunications Systems of Annapolis said it agreed to purchase nearly all assets of Kivera Inc., a private, a wireless software company based in Oakland, Calif. Terms were not disclosed. TCS, which sells satellite services to government agencies and develops cell phone software, said the acquisition is an all-cash deal that would add $5 million in annual revenue. Kivera's technology identifies with greater precision the location of a cellular user, said Thomas M. Brandt Jr., the chief financial officer of TCS.
Compiled from reports by Washington Post staff writers and Bloomberg News.