SREV, Servicesource International Inc.
** On its third quarter fiscal 2011 financial results, SREV posted record revenue of $50.1 million, a 31% increase year over year. SREV has raised its full-year 2011 revenue guidance to $198 to 199 million, representing growth of 29 -- 30% over 2010.
SREV is the global leader in service revenue management, partnering with technology-based companies to optimize maintenance, support and subscription revenue streams, while also improving customer relationships and loyalty.
More about SREV at www.servicesource.com
WLDN, Willdan Group, Inc.
** WLDN reported financial results for its third quarter fiscal 2011, posting revenue of $28.6 million, a 38.1% increase compared to the same period the prior year.
Net income was $2.2 million for the third quarter of fiscal 2011, as compared to net income of $0.8 million for the comparable period last year and net income of $0.7 million for the second quarter of 2011.
WLDN is a provider of professional technical and consulting services to small and mid-sized public agencies, large public utilities and, to a lesser extent, private industry primarily located in California, New York and Arizona.
WLDN provides a broad range of services to clients, including civil engineering and planning, energy efficiency and sustainability, economic and financial consulting, and homeland security and communications and technology.
More about WLDN at www.willdan.com.
PNS, Pinnacle Data Systems Inc.
** PNS reported that it has entered into a definitive agreement to be acquired by Avnet Inc. in an all cash merger for $2.40 per share.
PNS is a global provider of Electronics Repair and Reverse Logistics Services, ODM/OEM Integrated Computing Services, and Embedded Computing Products and Design Services for the Diversified Computing, Telecom, Imaging, Defense/Aerospace, Medical, Semiconductor and Industrial Automation markets.
More about PNS at www.pinnacle.com.
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