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TechTeam Global revenue falls 3.7%

February 25, 2009

TechTeam Global Inc. (NASD: TEAM) reported a 3.7% decline in fourth-quarter revenue to $61.9 million. The Southfield MI-based firm, which provides information technology solutions as well as some staffing, reported fourth-quarter gross margin rose to 26.8% year-over-year from 24.9%. TechTeam's fo...


ECG bankruptcy continues, some fees remain

February 25, 2009

Bankruptcy proceedings continue in the case of Ensemble Chimes Global. At one time the largest vendor management system, the firm filed for bankruptcy in January 2008. The move came just after its parent company, Axium International Inc., a provider of payroll services to the entertainment indu...


ECG bankruptcy continues, some fees remain

February 25, 2009

Bankruptcy proceedings continue in the case of Ensemble Chimes Global. At one time the largest vendor management system, the firm filed for bankruptcy in January 2008. The move came just after its parent company, Axium International Inc., a provider of payroll services to the entertainment indust...


CTG solutions revenue up, staffing down

February 25, 2009

Fourth-quarter revenue edged down 1.4% from the year-ago period to $83.3 million at Computer Task Group Inc. (NASD: CTGX), with information technology solutions revenue rising and IT staffing revenue declining. Fourth-quarter net income nearly doubled. The Buffalo NY-based information technolog...


TechTeam Global revenue falls 3.7%

February 25, 2009

TechTeam Global Inc. (NASD: TEAM) reported a 3.7% decline in fourth-quarter revenue to $61.9 million. The Southfield MI-based firm, which provides information technology solutions as well as some staffing, reported fourth-quarter gross margin rose to 26.8% year-over-year from 24.9%. TechTeam's...


People - Manpower, Analysts, Heidrick

February 25, 2009

Manpower Inc. (NYSE: MAN) and Analysts International Corp. (NASD: ANLY) announced changes to their boards of directors. Heidrick & Struggles International Inc. (NASD: HSII) announced a change in leadership of its marketing and sales officers practice. Manpower appointed Roberto Mendoza to its b...


VMS growth - Fieldglass, IQNavigator

February 25, 2009

Vendor management systems Fieldglass Inc. and IQNavigator announced spend under management. Fieldglass reported $5.0 billion in annual spend, up 60% year-over-year. Fieldglass did not release a revenue number, but said it almost doubled its customer base in 2008. In addition, the company said it...


January mass layoffs rise 50.9%

February 25, 2009

The number of mass layoffs totaled 2,227 in January, a 50.9% increase over the same month last year, according to seasonally adjusted numbers released today by the U.S. Bureau of Labor Statistics. Initial unemployment claims associated with the mass layoffs rose 59.6% year-over-year in January...


Analysts International revenue down 35.3%

February 25, 2009

Analysts International Corp. (NASD: ANLY), a Minneapolis-based information technology services and staffing firm, announced fourth-quarter revenue fell 35.3% year-over-year to $56.8 million as the slowing economy cut demand for staffing, services and products. Fourth-quarter revenue for profess...


CTG solutions revenue up, staffing down

February 25, 2009

Fourth-quarter revenue edged down 1.4% from the year-ago period to $83.3 million at Computer Task Group Inc. (NASD: CTGX), with information technology solutions revenue rising and IT staffing revenue declining. Fourth-quarter net income nearly doubled. The Buffalo NY-based information technology...