Having just completed a restructuring plan, application service provider USi Inc. received $81.3 million from Bain Capital last week. USi, in Annapolis, Md., also said it will merge with Interpath, an ASP in which Bain maintains a controlling interest. USi CEO Andrew Stern, who will become chairman and CEO of the new company, says Bain's investment is a strong endorsement of the ASP model. USi provides financial management and HR applications for companies such as Rohm & Haas and XL Capital.
5 Top Federal Initiatives For 2015As InformationWeek Government readers were busy firming up their fiscal year 2015 budgets, we asked them to rate more than 30 IT initiatives in terms of importance and current leadership focus. No surprise, among more than 30 options, security is No. 1. After that, things get less predictable.