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DST Systems sells subsidiary for $95M in cash

2014-12-02 20:39:53| IT Services - Topix.net

Kansas City-based DST Systems Inc. announced that it completed the sale of DST Global Solutions Ltd., a wholly-owned subsidiary, to SS&C Technologies Holdings Inc. for $95 million in cash. DST Global Solutions provides investment management software solutions such as HiPortfolio and Anova.

Tags: systems cash subsidiary sells

Culp to double investment in mattress fabric equipment to $9.5M

2014-07-21 22:08:30| Industrial Machines - Topix.net

Culp Home Fashions, the mattress fabrics division of High Point-based mattress and upholstery fabric maker Culp Inc., is planning to double the amount it spends on capital expenditures this year to $9.5 million as part of an effort to support growing demand for stylish mattress fabrics.

Tags: to equipment double investment

Dubai International Airport awards $9.5m contract to DSI unit

2014-02-26 01:00:00| Airport Technology

Dubai International Airport has awarded a contract of worth AED35m ($9.5m) to Drake and Scull Rail, a subsidiary of Dubai-based contractor Drake and Scull International (DSI), to build a new airport passenger movement (APM) system.

Tags: international unit contract awards

Local biotech inventor gets $95M verdict in patent suit

2013-03-16 23:04:19| Biotech - Topix.net

A small Auburn biotechnology company has won what may be the biggest patent-infringement verdict in state history, though the $95.8 million judgment likely will be appealed.

Tags: local suit patent inventor