Lightower Fiber Networks to Merge With Sidera Networks

Lightower Fiber Networks to Merge With Sidera Networks

BOXBOROUGH, MA and NEW YORK, NY — (Marketwire) — 12/27/12 — , the premier metro fiber and bandwidth provider in the Northeast, and , the leading provider of tailored, high-capacity communications services to large enterprise, carrier and data center customers, announced that they have signed a definitive agreement for a transaction valued at over $2 billion led by Berkshire Partners, a Boston-based investment firm, and management, to acquire and merge both companies. M/C Partners and Pamlico

Somfy Motorization Integrated by Worthington in Z-Wave Alliance Booth #20800 at CES 2013

Somfy Motorization Integrated by Worthington in Z-Wave Alliance Booth #20800 at CES 2013

LAS VEGAS, NV — (Marketwire) — 12/27/12 — Somfy Systems, Inc., the world-s largest manufacturer of radio-controlled motors (Radio Technology Somfy® — RTS) for interior and exterior window coverings, will have its motorization solutions featured in an interoperability display sponsored by Worthington Distribution at the Z-Wave Alliance Booth #20800 during the 2013 International CES.Worthington Distribution and Somfy will demonstrate the value and convenience Somfy-powered motorized windo

New Regional Business Development Manager Comes on Board With Chassis Plans

SAN DIEGO, CA — (Marketwire) — 12/27/12 — Jim Sherrill has joined the Chassis Plans team as Regional Business Development Manager for Texas, Oklahoma, and New Mexico. Sherrill is a seasoned professional in the high performance computing and storage space with more than 15 years in sales, market development, and business development.Jim Sherrill-s background includes a Bachelor of Science degree in Computer Science and a Masters of Business Administration with experience in signals intelligen

Nortel Announces Permanent Cease Trade Order

Nortel Announces Permanent Cease Trade Order

TORONTO, ONTARIO — (Marketwire) — 12/24/12 — Nortel(1) Networks Corporation (NNC) (OTCBB: NRTLQ) and Nortel Networks Limited (NNL) announced today that, further to their announcement of December 11, 2012, a permanent cease trade order (the "CTO") has been issued on December 24, 2012 by the Ontario Securities Commission. Other than being issued a permanent basis, the CTO is substantially similar to the temporary cease trade order issued by the OSC on December 11, 2012.The CTO prohi

Rainmaker Announces Sale of Manila Call Center to Shore Solutions

Rainmaker Announces Sale of Manila Call Center to Shore Solutions

CAMPBELL, CA — (Marketwire) — 12/21/12 — Rainmaker Systems, Inc. (NASDAQ: RMKR), a leading global cloud e-Commerce company, today announced the sale of its Manila call center to Shore Solutions, Inc. on December 17, 2012.Rainmaker decided to divest its Manila call center, as the operation no longer fits the long-term strategic plans of the company. For continuity and continued reach in the region, part of the agreement with Shore is to continue to utilize some of the key services we utilize

Pegasystems to Provide Software Solution for Zurich Insurance Group in Switzerland

Pegasystems to Provide Software Solution for Zurich Insurance Group in Switzerland

MUNICH, GERMANY — (Marketwire) — 12/21/12 — (NASDAQ: PEGA), the leader in (BPM) and a leading provider of (CRM) solutions, today announced that Zurich Insurance Group, Switzerland has chosen its software as the platform to streamline its commercial underwriting process in Switzerland. Zurich is a leading multi-line insurance provider which serves customers in more than 170 countries.The commercial underwriting process encompasses both the broker and agent channel, spans several products a