Senior executives and owners of federal IT services companies should pay close attention to a changing environment that provides both opportunities and uncertainties in 2007.
The CEO and chief financial officer of Affiliated Computer Services Inc. have resigned after an investigation into the company's stock options practices found that they violated ethics practices.
Tyler Technologies won a contract with the City of North Miami to deliver a software and services package,including the company's EDEN financials products.
Ingram Micro reported strong government sales and revealed programs from five technology vendors to boost margins for its resellers in the government market at its GovEd Alliance conference today.
BearingPoint Inc. announced Nov. 3 that it had reached an agreement with a majority of its bondholders that resolved concerns that the company is in default.
Federal IT has regained its public market momentum. Three successful initial public offerings in the past three weeks could re-ignite investor attention and interest in the federal IT sector.
Shares of Science Applications International Corp. stock are trading at about $17.98 per share, 98 cents above today's opening price on the New York Stock Exchange, following the company's initial public offering Thursday.
After filing for bankruptcy protection in May, Silicon Graphics Inc. now has an approved reorganization plan and financing in place, according to company officials.
Public capital markets have been receptive to federal IT companies since the Sept. 11, 2001, terrorist attacks. Since then, more than $4 billion of equity has been raised for federal companies via initial or follow-on public offerings.
