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By Dan Thanh Dang and Dan Thanh Dang,SUN STAFF | December 20, 2003
In a continuing effort to cut expenses and shed unessential businesses, Aether Systems Inc. said yesterday that it agreed to sell its wireless data solutions division for large customers to an Annapolis company for $19 million in cash. As part of the transaction, TeleCommunication Systems Inc. (TCS), which makes software that allows wireless devices to communicate with each other and the Internet, will add 1,200 customers, 60,000 wireless data users and about 112 Aether employees to its business.
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BUSINESS
By Gus G. Sentementes, The Baltimore Sun | September 17, 2012
An activist investor's push for a sale or merger at TeleCommunication Systems Inc. may be gaining traction. J. Carlo Cannell has been accumulating shares and now holds a roughly 5.8 percent stake in the Annapolis company. In a letter to TCS last week, Cannell called for a sale or merger, citing the company's slumping stock price and lack of strategic direction. Such talk appears to be gathering momentum within the investment community, said analyst Scott Sutherland of Wedbush Securities, who has covered the company for several years.
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BUSINESS
By Mark Guidera and Mark Guidera,SUN STAFF | August 19, 1996
TeleCommunication Systems Inc., an Annapolis-based information systems integrator, has been awarded a $100 million contract to supply computer imaging and other equipment for a project the National Institutes of Health believes will trim cost and time from the way it buys computer imaging equipment.The five-year contract is the largest the privately held federal contractor has been awarded since its founding in 1987, said Dan Buan, marketing manager for Imaging Systems at TCS.It should result in significant hiring "across the board so we can build the infrastructure to support this contract," he said.
BUSINESS
Gus G. Sentementes | July 9, 2012
Are you ready for the 911 of the future? Annapolis-based TeleCommunication Systems, Inc., a dominant player in the field of E-911 services for public safety agencies, is building out next-generation E-911 systems, where you'll be able to call, send texts, shoot videos and automatically send other data to local 911 centers. As part of its strategy, it said it aquired a Vermont-based firm that specializes in geographic information systems and next-generation E-911 technology, for $34 million.
BUSINESS
By Gus G. Sentementes | gus.sentementes@baltsun.com | February 15, 2010
TeleCommunication Systems Inc., an Annapolis-based mobile communication technology company, said Monday it deepened its relationship with a global map provider which supplies digital maps that underpin TCS's products. TCS signed an expanded agreement with Tele Atlas, a subsidiary of TomTom N.V., based in The Netherlands, that will enable the company to use global maps to underpin location-enhanced applications for mobile communications. TCS, which has had a relationship with Tele Atlas since 1999, had previously only used the company's North American maps.
BUSINESS
September 22, 1998
Annapolis-based TeleCommunication Systems Inc. said yesterday that the company has received $5 million in long-term financing from Tatonka Capital Corp., a private Denver investment company that focuses on start-ups with significant federal contracts.TCS, which is developing wireless and Internet communications products primarily for state and federal government agencies, said the capital would be used to further growth in the company's network and information technology businesses.Carol S. Hansen, president of Tatonka Capital, said TCS was an attractive investment opportunity because of its focus on developing wireless and Internet-based communications systems for the government contracting market, and its systems integration expertise.
BUSINESS
By Gus G. Sentementes, The Baltimore Sun | September 17, 2012
An activist investor's push for a sale or merger at TeleCommunication Systems Inc. may be gaining traction. J. Carlo Cannell has been accumulating shares and now holds a roughly 5.8 percent stake in the Annapolis company. In a letter to TCS last week, Cannell called for a sale or merger, citing the company's slumping stock price and lack of strategic direction. Such talk appears to be gathering momentum within the investment community, said analyst Scott Sutherland of Wedbush Securities, who has covered the company for several years.
BUSINESS
By Gus G. Sentementes, The Baltimore Sun | December 13, 2010
TeleCommunication Systems Inc. of Annapolis, which specializes in secure mobile communications for military and commercial clients, said Monday it plans to buy Trident Space & Defense LLC, of Torrance, Calif. Trident specializes in engineering and electronics solutions for global space and defense markets. The amount of the deal was not disclosed but TCS said it involved a mix of cash and three million shares of Class A common stock. Trident, which projects revenue of about $40 million for next year, is owned by Admiralty Partners Inc., a private equity firm.
BUSINESS
By Shanon D. Murray and Shanon D. Murray,SUN STAFF | September 30, 1999
Trigen-Cinergy Solutions said yesterday that it signed a 20-year deal worth about $200 million with Sweetheart Cup Co. to provide electricity and steam to the paper and plastic food-ware maker's manufacturing facility at its Owings Mills headquarters.The deal calls for TCS to build a 15-megawatt co- generation plant on the site, said James J. Abromitis, president of Trigen Energy Baltimore, the local branch of Trigen Energy Corp. of White Plains, N.Y. The plant should be completed by the fourth quarter of 2000, he said.
BUSINESS
April 25, 1998
The Anne Arundel County Public School District has awarded TeleCommunication Systems Inc. of Annapolis a telephone services contract worth up to $1.1 million.The contract calls for TCS to provide, install and maintain Lucent Technologies Inc. phone systems in Anne Arundel middle and high schools.Community colleges and local governments throughout Maryland also will be able to order equipment under the agreement.The contract is for two years, with options for a third and fourth year.TCS spokeswoman Kathy McGinty Dunn said the deal would allow the schools and other government agencies to order telecommunications equipment as needed, rather than going through a long procurement process.
BUSINESS
By Gus G. Sentementes, The Baltimore Sun | December 13, 2010
TeleCommunication Systems Inc. of Annapolis, which specializes in secure mobile communications for military and commercial clients, said Monday it plans to buy Trident Space & Defense LLC, of Torrance, Calif. Trident specializes in engineering and electronics solutions for global space and defense markets. The amount of the deal was not disclosed but TCS said it involved a mix of cash and three million shares of Class A common stock. Trident, which projects revenue of about $40 million for next year, is owned by Admiralty Partners Inc., a private equity firm.
BUSINESS
By Gus G. Sentementes | gus.sentementes@baltsun.com | February 15, 2010
TeleCommunication Systems Inc., an Annapolis-based mobile communication technology company, said Monday it deepened its relationship with a global map provider which supplies digital maps that underpin TCS's products. TCS signed an expanded agreement with Tele Atlas, a subsidiary of TomTom N.V., based in The Netherlands, that will enable the company to use global maps to underpin location-enhanced applications for mobile communications. TCS, which has had a relationship with Tele Atlas since 1999, had previously only used the company's North American maps.
BUSINESS
By Gus G. Sentementes and Gus G. Sentementes , gus.sentementes@baltsun.com | December 3, 2009
TeleCommunication Systems Inc. said this week it will buy a California-based maker of wireless navigation software for GPS-enabled cell phones - the third acquisition in the past month for the Annapolis company. TCS said it would pay $170 million for Networks in Motion, based in Aliso Viejo, Calif., in a purchase amount that included a combination of cash, stock and promissory notes. The sale is expected to close later this month. Analysts said that TCS got a fair price for Networks in Motion, a company that provides the technological backbone for wireless carriers who want to offer GPS-enabled navigation applications to their cellular customers.
BUSINESS
Gus G. Sentementes | gus.sentementes@baltsun.com | December 3, 2009
TeleCommunication Systems Inc. said this week it will buy a California-based maker of wireless navigation software for GPS-enabled cell phones - the third acquisition in the past month for the Annapolis company. TCS said it would pay $170 million for Networks in Motion, based in Aliso Viejo, Calif., in a purchase amount that included a combination of cash, stock and promissory notes. The sale is expected to close later this month. Analysts said that TCS got a fair price for Networks in Motion, a company that provides the technological backbone for wireless carriers who want to offer GPS-enabled navigation applications to their cellular customers.
NEWS
By DOUG DONOVAN and DOUG DONOVAN,SUN REPORTER | February 21, 2006
One of the Baltimore contracts that prompted an ethics review of City Council President Sheila Dixon was the subject of contentious hearings in 2004 and 2005 that involved accusations of bid steering. That contract and others are expected to be on the agenda tonight as the city's Board of Ethics begins examining in closed session potential ethical lapses caused by Dixon's participation in contracts that benefited Union Technologies, the firm that employs her sister. The ethics panel decided to begin the investigation in the wake of a Sun report two weeks ago on Dixon's actions involving the company at a City Council hearing and during meetings of Baltimore's Board of Estimates.
NEWS
By Stephanie Hanes and Stephanie Hanes,SUN STAFF | June 5, 2004
A former employee of a prominent Annapolis business pleaded guilty in federal court in Baltimore yesterday to stealing more than $1 million from the company. Joanna L. Cook, 31, of Edgewater worked in the accounts-payable section of TeleCommunications Systems Inc., a wireless data company, when she started a scheme in September 2000 to steal from her employer, federal prosecutors said. For about three years, until October 2003, Cook regularly altered TCS's ledgers and invoices, cutting checks made out to her and to others to whom she owed money, the prosecutors said.
BUSINESS
Gus G. Sentementes | July 9, 2012
Are you ready for the 911 of the future? Annapolis-based TeleCommunication Systems, Inc., a dominant player in the field of E-911 services for public safety agencies, is building out next-generation E-911 systems, where you'll be able to call, send texts, shoot videos and automatically send other data to local 911 centers. As part of its strategy, it said it aquired a Vermont-based firm that specializes in geographic information systems and next-generation E-911 technology, for $34 million.
BUSINESS
By Dan Thanh Dang and Dan Thanh Dang,SUN STAFF | December 20, 2003
In a continuing effort to cut expenses and shed unessential businesses, Aether Systems Inc. said yesterday that it agreed to sell its wireless data solutions division for large customers to an Annapolis company for $19 million in cash. As part of the transaction, TeleCommunication Systems Inc. (TCS), which makes software that allows wireless devices to communicate with each other and the Internet, will add 1,200 customers, 60,000 wireless data users and about 112 Aether employees to its business.
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