Technology

Trey Resources Subsidiary to Acquire DM Systems Assets

SWK Technologies, a wholly owned subsidiary of Trey Resources in Livingston, has signed a letter of intent to acquire certain assets of DM Systems in Syracuse, N.Y., for an undisclosed amount. The agreement would involve DM Systems’ Sage Software business.

Jeffrey D. Roth, SWK’s CEO, said, "This transaction gives us critical mass,...

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Global Consultants Names New CEO

Global Consultants has appointed ex-Unisys executive Dominick Cavuoto as CEO to replace founder Hiten Patel, who will stay on as chairman.Cavuoto is the former president of global financial services at Unisys, a Blue Bell, Pa.-based tech

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10 Percent Fare Hike Proposed

NJ Transit Executive Director George D. Warrington today proposed a 10 percent bus and train fare hike, two weeks after announcing he would step down as head of the transit agency. Warrington told NJ Transit board members that expenses would exceed revenues next year by $60 million. "Despite our actions to contain costs, basic inflation alone...

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