Company and tech news from the region. ComCam, Global ePoint team up
West Chester-based ComCam, Inc. signed a letter of intent with Global ePoint Inc. stating that will provide ComCam with investment, manufacturing, and additional sales channel opportunities for its camera-based intelligent video technology platforms and advanced software solutions for the wireless and CCTV access control markets. Global ePoint makes customized computing systems for industrial, business, and consumer markets. Global also designs and markets digital video surveillance systems for law enforcement, military, government, and homeland security markets.
InterDigital unit sues Lucent
The King of Prussia, Pa.-based InterDigital Communications Corp. said its Tantivy Communications Inc. subsidiary has filed a patent-infringement lawsuit against Lucent Technologies Inc. Tantivy alleges in the suit that Lucent has violated seven of its patents involving a wireless communications standard known as CDMA2000. Lucent, which is based in Murray Hill, N.J., manufactures equipment that uses the standard. The suit, which was filed in U.S. District Court for the Eastern District of Texas, seeks damages for past infringement, an injunction against future infringement and interest, costs, and attorneys’ fees.
Nanotech conference scheduled
The state of Pennsylvania said it will sponsor its second nanotechnology conference in Philadelphia in May. The state will hold “The Business of Nano: Pennsylvania Nanotechnology Conference 2004” May 25 and May 26 at the Pennsylvania Convention Center. The conference is designed to help Pennsylvania research and business institutions that wish to get involved with nanotechnology, which involves working at the atomic level to create devices and substances. President Bush in December signed the 21st Century Nanotechnology Research and Development Act, which will provide $3.7 billion in nanotechnology funding over four years.
SunGuard division to buy Collegis
The SunGard Higher Education and Public Sector Systems operating group of Wayne, Pa.-based SunGard Data Systems Inc. has agreed to acquire Maitland, Fla.-based Collegis Inc. for an undisclosed sum. Collegis, which provides information-technology services to the higher-education sector, will become an operating unit of SunGard Higher Education and Public Sector Systems. Tom Huber will continue as its president and chief executive officer and report to Bob Clarke, the group CEO of SunGard Higher Education. The consumer-focused business of Collegis will continue to be owned by the current Collegis shareholders and renamed Deltak edu Inc. J. Michael Locke will serve as its president and CEO.
GCom to supply software to MFS
Aston-based GCom Solutions entered into an agreement with MFS Financial Investment Management, the Boston-based mutual fund firm, to provide it with regulatory and shareholder reporting software. MFS reached an agreement with federal and state regulators in February to settle administrative proceedings against MFS and two senior executives in connection with alleged improper trading at the firm. Under the terms of the settlements MFS is paying stockholders $225 million, and it agreed to reduce fees by $25 million annually over the next five years. It is also paying the New Hampshire Bureau of Securities Regulation an administrative fine of $1 million. MFS will be using GCom’s FundSuite SX, FundSuite ComText and FundSuite ComFiler software for shareholder reporting and regulatory filings with the Securities and Exchange Commission.
Smiling Screens releases software for seniors
Philadelphia-based Smiling Screens released SimpleC, a new software suite designed to make computers easy to use. SimpleC, short for “simple computer,” offers all of the services a first-time user needs to become computer-literate and is geared for the more than 50 million Americans 50-plus years of age who do not use computers and the Internet. The company said the program, which works on Windows 98 and higher, decreases the learning time required, allowing novices to easily learn the essential features of a PC in an afternoon.
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