Software AG has reported a 5% increase in net profits for the second quarter of this year and $176.4 million in revenues. The announcement comes after Software AG’s recent acquisition of IDS Scheer. Product revenue, which includes license and maintenance, increased by 9%, compared with a 7% decrease from its service business. Software AG has already acquired 10% of IDS Scheer on the open market.
Leidos agreed to purchase IMX Medical Management Services, a consulting firm that offers independent medical evaluation, case management and record review services to state and local government agencies. The terms of the deal were not disclosed, but the company expects to close the transaction in the third quarter, pending customary approvals. In addition, Leidos announced that Clement Chen, formerly
John Hillen, executive-in-residence and professor of practice at George Mason University’s School of Business and a board member at several companies, has joined the board of advisers at Govini. The big data and analytics company said Wednesday Hillen, a 2015 inductee into Executive Mosaic’s Wash100, will work with other industry and former government professionals in the board to
Abdul Omar, a more than 20-year financial management professional, has joined PlanetRisk as chief financial officer of the McLean, Virginia-based data visualization and analytics firm. PlanetRisk said Thursday that Omar will oversee accounting, finance and merger-and-acquisition functions in his new position as the company looks to grow its business operations. “As the demand for our analytics