Raytheon announces acquisition of Henggeler Computer Consultants

Technology and innovation company Raytheon Company (NYSE:RTN) announced on Thursday that it has acquired Henggeler Computer Consultants Inc, a developer of enterprise architecture, analytics, software and cloud-based solutions.

Technology and innovation company Raytheon Company (NYSE:RTN) announced on Thursday that it has acquired Henggeler Computer Consultants Inc, a developer of enterprise architecture, analytics, software and cloud-based solutions.

Financial terms of the acquisition were not disclosed.

Raytheon said that the acquisition will extend its capabilities to serve the cybersecurity, enterprise architecture and systems engineering needs of customers in the intelligence community as well as in the US Department of Defense.

Henggeler’s founder and president Dick Henggeler will remain with the company.

Acacia announces licence agreement between Chalumeau Power Systems LLC and Enterasys Networks

Acacia Research Corporation (Nasdaq: ACTG) revealed on Thursday that its subsidiary Chalumeau Power Systems LLC has entered into a license agreement with Enterasys Networks Inc.

Acacia Research Corporation (Nasdaq: ACTG) revealed on Thursday that its subsidiary Chalumeau Power Systems LLC has entered into a license agreement with Enterasys Networks Inc.

The company said that the agreement covers patents generally relating to Power Over Ethernet technology and resolves litigation that was pending in the United States District Court for the District of Delaware with respect to certain Enterasys products.

According to Acacia Research Corporation, its subsidiaries control over 200 patent portfolios, covering technologies used in a variety of industries. The subsidiaries partner with inventors and patent owners, licence the patents to corporate users and share the revenue.

Ozmo announces Wi-Fi Direct certification for OZMO2000 Wireless Mouse reference design

Wi-Fi Personal Area Network (Wi-Fi PAN) semiconductors and software provider Ozmo Devices announced on Tuesday the successful Wi-Fi Direct certification of its OZMO2000 Wireless Mouse reference design by non-profit industry association Wi-Fi Alliance.

Wi-Fi Personal Area Network (Wi-Fi PAN) semiconductors and software provider Ozmo Devices announced on Tuesday the successful Wi-Fi Direct certification of its OZMO2000 Wireless Mouse reference design by non-profit industry association Wi-Fi Alliance.

According to the company, the certification indicates that the OZMO2000 Wireless Mouse reference design is compliant with dual-band 2.4GHz and 5.0GHz Wi-Fi a/b/g and includes support for other key features for Wi-Fi Direct: WPA2 security, Wi-Fi Multimedia (WMM) and Wi-Fi Protected Setup.

Wi-Fi Direct-certified devices can connect at any place and at any time with the full capability and security of Wi-Fi, using WPA2 for security and Wi-Fi Protected Setup for simplified connection configuration.

World-famous hotel up for sale

WORLD-famous hotel and golf resort The Belfry has been put up for sale after its owners were plunged into a financial crisis.

 

The internationally-renowned venue, which has played host to the Ryder Cup on four occasions, is going on the market despite a whopping GBP105 million of debt.

 

An unnamed Malaysian investor is said to have expressed an interest in buying it, and insiders expect a number of offers to come in when the sale is officially confirmed.

 

Bank lenders the Bank of Ireland, Barclays and Certus are said to be seeking a buyer for the the golf and leisure complex, in Wishaw, Warwickshire.

 

The Belfry has made no official comment, but the sale comes just months after a financial crisis gripped the complex’s Irish owners the Quinn Group, who bought the business in February 2005.

 

Financial catastrophe hit the group earlier this year, forcing the Belfry into the hands of Anglo-Irish Bank and US insurance firm Liberty Mutual.

 

Sean Quinn, who led the Quinn Group, has seen his multi-billion euro empire collapse over the last two years after massive stock market gambles on the share price of the Anglo-Irish Bank went sour.

 

Mr Quinn, dubbed the Mighty Quinn at the height of his success when he was worth a reputed GBP3.7 billion, lost control of his business in April and voluntarily filed for bankruptcy in Belfast last month.

 

The Quinn Group’s cash crisis has left the future of the Belfry in doubt and now commercial property specialists Jones Lang LaSalle have reportedly been appointed to administrate the sale.

 

The complex’s lenders brought in business advisers Ernst and Young to examine potential options for the site, including a debt restructuring and sale.

 

One report said an unnamed Malaysian investor had already made contact to submit a GBP90 million offer for the Belfry.

 

The Quinn Group bought the complex for GBP186 million but the recession has seen its value dramatically decline.

 

General manager Nigel Gray could not be contacted for comment, but an insider said: “The Belfry is up for sale. It has been a cash generator for years although it does need a major refurbishment.

 

“The Quinn Group has invested in the hotel, and has spent a fair amount of money on the golf course.

 

“There is likely to be quite a lot of interest, especially bearing in mind that the Belfry is the PGA HQ.“

Albanian PLUS extends coverage of Nokia Siemens-supplied network

Albanian telecoms company PLUS Communication sh.a has increased the geographical coverage of its 3G-ready GSM/EDGE radio and core network supplied by Nokia Siemens Networks to more than 85% and implemented mobile number portability, the telecoms services enabler said on Thursday.

Albanian telecoms company PLUS Communication sh.a has increased the geographical coverage of its 3G-ready GSM/EDGE radio and core network supplied by Nokia Siemens Networks to more than 85% and implemented mobile number portability, the telecoms services enabler said on Thursday.

No financial details were disclosed.

PLUS said that with Nokia Siemens’ equipment and rapid implementation, it has been able to provide uninterrupted, high-quality voice and data services to nearly all parts of the country. The company is now looking forward to completing the network deployment and reaching out to the underserved areas of Albania.

Under the three-year frame agreement, Nokia Siemens is supplying complete 3G-ready GSM/EDGE radio access, as well as packet and circuit switched core network, including its Flexi Multiradio Base Station. It is also providing a range of services including network design, implementation, maintenance and care, as well as its NetAct network management system to monitor, manage and optimise the operator’s network.he company is supplying base station controllers (BSC), radio network controllers (RNC), Serving GPRS Support Nodes (SGSN) and GPRS Gateway Service Nodes (GGSN).

Thinking Ahead – Prepare Now For Next Christmas

With Christmas and New Year right around the corner, many of us have found that buying the perfect gifts for loved ones, financing a few festive nights out and having to buy some tasty treats for Christmas dinner all adds up. With many struggling to cover all the commitments that Christmas demands, the thought of getting prepared in advance for next Christmas is quite a tempting one.

Simply saving a small amount each month throughout the year can mean a bit of extra money in our pockets come December 2012 and if that thought appeals to you, then get organised now!

Check out some financial comparison sites like moneysupermarket.com where there are lots of options available to savers. Remember, the earlier you start, the more you will be able to save.

An account for Christmas

If you are looking specifically to finance next Christmas, one of the many new ‘Christmas saver’ accounts could be for you. These accounts are more popular than ever and are designed for savers who don’t want to touch their money until next December. There are a variety of providers, with accounts that differ slightly in their terms.

The Yorkshire Building Society, for example, offer a fixed rate of 3.5% on your savings and you can pay in a lump sum, with regular monthly amounts or simply deposit what you can, when you can. If you don’t mind a little more structure, accounts like the one from the Principality Building Society offer a higher interest rate of 5%, but you need to pay in between £20 and £300 a month for 12 months.

If next Christmas isn’t necessarily your saving focus, a regular savings account could be for you. If you are happy to pay in a monthly amount and aren’t looking to access your funds for at least a 12-month term, this type of saving will be perfect for you.

Serious saving

The market leaders in these types of accounts can offer anything from 4.1% up to 8% interest rates in some cases, based on your commitment to pay in regular monthly deposits. Some regular savings accounts ask for at least £10 a month being deposited, up to a maximum somewhere in the region of £250 a month.

If you’re simply saving for a rainy day and prefer having access to your funds whenever you may need them, choose an easy access savings account instead. As the name suggests, you can deposit as much as you like each month (in some cases accounts can be opened with as little as £1) and dip into your savings whenever you need to.

The best interest rates on the leading accounts come in around the 2.5% to 3.1% mark. However, there are plenty of easy access accounts on the market and using a financial comparison site can help you find the best options and rates for your requirements and style of saving.

Elisa signs new loan agreement with Nordic Investment Bank

The Nordic Investment Bank (NIB) and Finnish telecoms company Elisa Corporation (Helsinki:ELI1V) have signed a new loan agreement totalling EUR50m, NIB said on Thursday.

The Nordic Investment Bank (NIB) and Finnish telecoms company Elisa Corporation (Helsinki:ELI1V) have signed a new loan agreement totalling EUR50m, NIB said on Thursday.

The maturity of the bullet loan is seven years. Elisa will use the financing to expand the company’s 3G and broadband networks.

Part of Elisa’s investments co-financed with the loan from NIB are aimed at increasing the coverage, speed and capacity of its mobile broadband networks, particularly in rural areas of Finland.

The Nordic Investment Bank is the common international financial institution of the eight Nordic and Baltic countries.

Telestream to be acquired by private equity firm Thoma Bravo

Telestream, a provider of video transcoding and digital media software solutions, revealed on Wednesday that it has entered into an agreement to be acquired by private equity investment firm Thoma Bravo LLC.

Telestream, a provider of video transcoding and digital media software solutions, revealed on Wednesday that it has entered into an agreement to be acquired by private equity investment firm Thoma Bravo LLC.

Financial details were not disclosed.

This investment in the company is expected to facilitate growth within Telestream’s core businesses, in addition to providing capital for further market expansion and acquisitions.

Following the acquisition by Thoma Bravo, Telestream will continue to operate independently with its existing management teams continuing their current roles. Its headquarters will remain in Nevada City, California, with offices in Virginia, Sweden and Germany.

The transaction is expected to be completed in early January 2012.

Synerion reports acquisition of ITR Systems Division

Workforce Management (WFM) software solutions and services provider Synerion North America Inc has acquired the Systems Division of ITR, another provider of WFM systems, the company revealed on Wednesday.

Workforce Management (WFM) software solutions and services provider Synerion North America Inc has acquired the Systems Division of ITR, another provider of WFM systems, the company revealed on Wednesday.

Financial terms of the transaction were not disclosed.

Synerion expects this acquisition to result in more effective, efficient and superior solutions for the clients of both Synerion and ITR.

The combined company has some 20,000 customers worldwide.

Benefits fraudster had £90,000 in the bank

A FRAUDSTER claimed over £30,000 in benefits – despite having a nest egg of more than £90,000 in 26 separate bank accounts, a court was told.

 

Inam Ul-Haq, of Walsall, West Midlands, falsely claimed income support over a period of five years.

 

Nayan Patel, prosecuting, said the 46-year-old had made a legitimate claim for income support in May 1996 on the basis that he was unable to work due to ill health.

 

Walsall Magistrates Court heard on Monday that he was only entitled to claim the benefit if he did not have capital exceeding GBP16,000.

 

The claim became fraudulent in August 2003, and he was still falsely claiming benefits until August 2008.

 

It came to light that he had access to 26 different bank accounts which had contained cash totalling around GBP91,000.

 

During an investigation led by the Department for Work and Pensions, Ul-Haq was quizzed about the cash in the bank accounts.

 

Mr Patel, prosecuting on behalf of the Department for Work and Pensions, said he was overpaid GBP31,116.06.

 

He added: “There was a condition to notify the Department for Work and Pensions if there was any change in circumstances.

 

“He claimed the money belonged to his father-in-law and he was holding onto it.”

 

During his appearance at court on Monday, Ul-Haq, represented by Julian Derry, admitted one charge of failing to notify the Department for Work and Pensions of a change in circumstances.

 

Mr Patel said the case was deemed too serious for magistrates and it was committed to Wolverhampton Crown Court, where Ul-Haq is due to be sentenced on January 17.

 

He said Ul-Haq would also be taken to a proceeds of crime hearing in a bid to recover the money he had falsely received. He was given unconditional bail.