IT Consulting & Other Services

Shares of Rackspace Hosting, Inc. (NYSE: RAX) are pulling back today, down over 3% on light volume. The average daily volume is just over 2 million shares, and only 1.2 million shares have traded so far today, so this is being seen as a light volume pullback, which is healthy if the stock wants to...

Science Applications International Corporation (NYSE: SAI) announced today it was awarded a prime contract by the U.S. Department of Justice to provide a full range of information technology services in support of numerous Federal agencies. The multiple-award, indefinite-delivery/indefinite-...

NCI, Inc. (NASDAQ: NCIT) announced today that the Company has been awarded the Department of Justice (DOJ) Information Technology Support Services-4 Multiple Agency Contract. The ITSS-4 contract has a ceiling value of $1.1 billion with a projected contract term for placing orders covering a seven...

CTG (NASDAQ: CTGX) today announced that it has extended a stock repurchase plan under Rule 10b5-1 of the Securities and Exchange Commission to facilitate the repurchase of its common stock. The Company had approximately 1.1 million shares available for repurchase as of March 31, 2011 under its...

Acorn Energy, Inc. (NASDAQ: ACFN) announced today that the company has sold its 25% interest in HangXing International Automation Engineering Co. Ltd. back to the majority owner, China Aero-Polytechnology Establishment for $492,000. HangXing is a value-added reseller for programmable logic...

Integral Systems, Inc. (Nasdaq: ISYS) announced today that the U.S. Air Force (USAF) Space and Missile Systems Center has awarded the Company an $8.6 million contract modification to its Command and Control System-Consolidated (CCS-C) contract. Under the terms of the contract modification,...

Chatter Circulates That Ness Technologies in Talks To Be Bought For $8/Share by Vector Capital (NASDAQ: NSTC)

ManTech International Corporation (NASDAQ: MANT) announced today that it received a task order under its Strategic Services Sourcing (S3) prime contract to provide software engineering services to the U.S. Army Communications-Electronics Command Software Engineering Center's Guardrail systems. The...

Wipro (NYSE: WIT) has signed an agreement to acquire the Global Oil & Gas IT practice of the Commercial Business Services unit of Science Applications International Corporation (NASDAQ: SAIC), for an all-cash consideration of around $150 million, subject to adjustments. As a result around 1,450...

NCI, Inc. (NASDAQ: NCIT) announced today that it has acquired the outstanding capital stock of AdvanceMed Corporation, an affiliate of CSC. The acquisition price was $62 million. Included within the price is a recently completed, state-of-the-art data center to support the ZPIC Zone 5 and ZPIC...

Science Applications International Corporation (NYSE: SAI) today announced it has reached an agreement to sell to Wipro Ltd. (NYSE: WIT) certain SAIC operations focused on providing specialized IT services to oil and gas companies. The operations being sold comprise SAIC's U.S. oil and gas IT...

SRA Announces 30-Day Go-Shop Following $31.25/Share Offer From Providence Equity (NYSE: SRX)

SRA International, Inc. (NYSE: SRX) today announced it has entered into a definitive merger agreement under which SRA will be acquired by an affiliate of Providence Equity Partners in an all-cash transaction. Pursuant to terms of the agreement, SRA shareholders will receive $31.25 in cash for...

SRA To Be Acquired by Providence Equity For $1.88B (NYSE: SRX)

Zanett (NASDAQ: ZANE) Delays 10K Filing Due To Accounting Treatment Of "Beneficial Conversion Feature" Connected To A Promisory Note.