BOSTON – FleetBoston Financial has launched corporate.fleet.com, a new service that offers Fleet corporate clients a single point of access to a wide-range of capabilities and information. The new offering is the latest Internet-based portal service developed by Fleet for customer groups under its company-wide e-Catalyst initiative.
The new Web portal allows Fleet corporate clients to conduct cash management, foreign exchange, trade finance and fixed-income transactions on the Internet. In addition, all online users will have free access to a wide-array of research and commentary from Fleet economists and Fleet Global
Rhode Island's Market Has Changed. Developers, Builders, Investors and Sellers Must Change With It.
By Emilio DiSpirito IV License Partner | Engel & Völkers Oceanside Leader | The DiSpirito…
Learn More
Markets strategists, as well as information on Fleet’s expertise in products and services ranging from corporate banking to investment banking, treasury products, asset management and international services.
Nestor’s CrossingGuard selected in Tennessee
PROVIDENCE – Nestor Traffic Systems, Inc. has announced that the City of Germantown, Tenn. has chosen CrossingGuard to automate red light enforcement and improve intersection safety. CrossingGuard will be installed to safeguard four approaches at two of Germantown’s high-traffic, high-risk intersections. CrossingGuard uses video-processing technology to detect and track vehicles as they approach an intersection, record a full-motion red light violation video sequence, and transmit the video evidence electronically, in real-time, from the roadside to the Germantown Police Department.
Conversent helps Teligent customers maintain service
MARLBORO, Mass. – Conversent Communications, LLC, an Integrated Communications Provider (ICP), has announced a special program – Quick Connection – that allows customers of Teligent to maintain an uninterrupted local telephone and Internet service.
Bankrupt Teligent has announced plans to shed thousands of customers by December 15. Conversent has made arrangements to connect Teligent customers to its voice and data services in a matter of days, helping to ensure continuous service. Teligent customers should call (877) 279-4682 to learn more about Quick Connection or visit the Conversent Web site at www.conversent.com.
Acquisition or failure seen for 25 % of mobile providers
NEW YORK, N.Y. – The global market for managed enterprise solutions is worth $120 million, according to business information provider Datamonitor. Given the relatively small market size for managed mobile solutions and a slow forecasted growth rate, Datamonitor is predicting a shakeout and consolidation in the market before the end of 2003. Such a shakeout will result in approximately 25 percent of managed mobile service providers failing or being acquired in the next two years. For more information, visit the company’s Web site, www.datamonitor.com.
Gurnet Group announces Web site redesign
EAST PROVIDENCE – The Gurnet Group, a full service business and technology consultancy, has completed the full redesign of its corporate Web site, www.GURNET.com to reflect the firm’s growth and new service offerings. Gurnet offers a full suite of services including Strategy Development, Business-to-Business Solutions, Systems Integration and Software Development for clients throughout New England.
Astro-Med announces third-quarter earnings
WEST WARWICK – Electronic instrument manufacturer Astro-Med, Inc. reported sales of $12,399,000 for the third quarter ending Nov. 3, an increase of 4 percent over last year’s sales of $11,881,000 of the same period. Astro-Med announced a net loss of $230,000, equal to $0.05 per share for the third quarter compared to last year’s net loss of $698,000, equal to $0.16 per common share for the third quarter. During the current fiscal year, a net loss of $274,000 equal to $0.06 per share on sales of $36,966,000 was incurred. For the same period last year, the company reported a net loss of $272,000, equal to $0.06 per common share on sales of $37,795,000.
ScanSoft to buy voice-recognition software business
PEABODY, Mass. – ScanSoft Inc., based in Peabody, agreed to buy Lernout & Hauspie Speech Products NV’s voice-recognition software business in a bankruptcy auction for $39.5 million.
The agreement is subject to the approval of the U.S. Bankruptcy Court for the District of Delaware, said ScanSoft, whose software converts paper documents for viewing on computers. ScanSoft will pay $26 million in stock, $10 million in cash and a $3.5 million note, the company said in a statement.
A Belgian court declared Lernout, whose software enables computers to understand the human voice, bankrupt last month after it failed to pay creditors. The company sought protection from creditors in the U.S. last year. The Belgian company ran into trouble after it discovered a cash shortfall of $100 million at its Korean unit last year.
(Compiled from news reports and releases, print and electronic.)
