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Search Results for: SAP

July 23 Market Close: GovCon Index Follows Blue Chips to Close Down

The GovCon Index closed down for the third consecutive day losing 0.146 points to 75.915. Caterpillar (NYSE:CAT), 3M (NYSE :MMM), and American Express (NYSE:AXP) all turned in disappointing results dropping more than 2.5% on the day. A sluggish international market and strong U.S. dollar have impacted global operations for multinational companies. The Dow Jones …

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July 22 Market Close: GovCon Index Closes Down On Tech Stock Performance

The GovCon Index trailed down following the U.S. markets to close at 76.057, a loss of 0.086 points. Apple (Nasdaq: APPL),  Microsoft (Nasdaq: MSFT), Yahoo (Nasdaq: YHOO) all turned in disappointing results; pulling down the NASDAQ composite index reported by Bloomberg. A rally in bank stocks helped stem off a steeper decline in …

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Dan Johnson: Cogswell Award Highlights General Dynamics Commitment to Security

TYSONS CORNER, VA June 26, 2015 — GovCon Executive reported Thursday on the Defense Security Service awarding General Dynamics (NYSE: GD) the James S. Cogswell Award, citing excellence in security practices at four of its facilities in Chesapeake, Oakton, Philadelphia and Scottsdale. “General Dynamics is proud to be among the …

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EMC Signs $1.2B Cash Deal to Buy Virtustream

EMC (NYSE: EMC) has agreed to purchase Virtustream for approximately $1.2 billion cash in a bid to help enterprise clients migrate to cloud-based information technology systems. The companies expect to close the transaction in the third quarter of 2015 and Virtustream, led by Rodney Rogers, will operate as a managed …

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TeleCommunication Systems Rolls Out Text-to-911 Service

TeleCommunication Systems announced they provide production service in 33 states, which supports over 500 public safety answering points (PSAPs) allowing individuals to send emergency text messages via message session relay protocol and direct IP methods. TCS stated that on May 15, 2014, they participated in the first “Interoperable” text-to-911 production deployment, successfully …

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Mark Testoni Makes Wash100 List for Cloud, Enterprise IT Leadership

Executive Mosaic, Tysons Corner, VA February 23, 2015 – Mark Testoni, president and CEO of SAP National Security Services, has been selected to the Wash100 list of the most influential leaders in GovCon for his leadership role in the enterprise information technology and cloud market. The Wash100 is the premier group of …

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Hitachi Data Systems to Buy Cloud Services Provider oXya

Hitachi Data Systems has struck a deal to acquire cloud hosting services company oXya in a move aimed at growing HDS’ managed cloud offerings. HDS said Tuesday the oXya purchase is scheduled to complete by the end of March, pending customary closing terms. OXya works with enterprise customers to help them …

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January 23 Market Close: GovCon Index Ticks Up, US Stocks Have Mixed Day

The GovCon Index held relatively level against a mixed day of results in the U.S. stock market and recorded a slight gain of 0.211 points — or 0.290 percent — to close at a new all-time high of 72.557 on Friday. Disappointing earnings results from companies such as UPS and Kimberly-Clark offset investor confidence in the European …

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Richard Stapp Joins Northrop as VP of Aerospace Systems Tech Development

Richard Stapp, formerly director of special programs at the office of the defense secretary, has joined Northrop Grumman (NYSE: NOC) as vice president of technology development in the company’s aerospace systems sector. The retired Air Force brigadier general will report to Dale Burton, VP of research and technology within Northrop’s aerospace systems sector,  Northrop said …

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Anne Altman, IBM Federal Head, Lands ‘Executive of the Year’ Honor at GovCon Awards

Anne Altman, general manager of federal government and industries at IBM, has been selected as this year’s winner of the Greater Washington Government Contractor Awards‘ “Executive of the Year” honor for leaders of contractors that exceed $300 million in revenue. Altman, a three-decade company veteran who became IBM’s U.S. federal business leader in January …

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