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Family makes Forbes 400 list

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Forbes Magazine recently released its Forbes Four Hundred list. The prestigious occupants of the list average a net worth in excess of $1 billion. Since 1990, 230 people have joined this elite classification. In the Forbes Four Hundred Class of 1996, 43 people (one in nine) are newcomers, displacing other members who previously resided on… Continue Reading Family makes Forbes 400 list

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NetLYNX sold to local firm

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NetLYNX Internet Services has been bought by Fate Technologies, a Colorado Springs-based web-site developer. NetLYNX was formerly part of Sisna Internet Service Exchange Inc. Fate bought the Internet provider to increase its services to customers. The joined company now employs eight people and will add four by the end of 1996. It also has hired… Continue Reading NetLYNX sold to local firm

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SPT increases production

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Signal Processing Technologies has spent approximately $1.7 million to increase production of its high-end specialty integrated circuits at its Colorado Springs plant. SPT purchased $1.5 million in manufacturing equipment in the last three months, including a $1 million tester from Hewlett Packard, one of the SPT’s customers. SPT supplies HP with components for its test… Continue Reading SPT increases production

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Harris garners large contract

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A contract totaling $5 million has recently been awarded to Colorado Springs-based Harris Technical Services Corp., a wholly owned subsidiary of the Florida-based Harris Corp. This branch of the corporation reports to the Electronic Systems Sector through the information services division. The contract was awarded by the U.S. Air Force and all work is scheduled… Continue Reading Harris garners large contract

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PI Connections merges with Intercell

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A little more than seven weeks after PI Connections moved into its new facilities, the company was bought out by Intercell Corp. of Phoenix for 1.4 million shares of restricted stock. The stock is valued at approximately $6.9 million. Under the agreement, PI will become Particle Interconnect Corp., a wholly owned subsidiary of Intercell Corp.… Continue Reading PI Connections merges with Intercell

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Design West buys building

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Design West, a Colorado Springs semi-conductor component and acrylic/plastic manufacturer, has purchased a new building at 3103 Karen Place. The company, owned by Randy Valdez, previously rented space but opted to buy after hearing rumors relating to increasing rents for Colorado Springs commercial property. According to Valdez, this will enable him to target a larger… Continue Reading Design West buys building

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Compuware Corp. anticipates hiring 100

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Compuware Corp., a Michigan-based company with 30 offices across North America, is in the process of expanding its Colorado Springs office, which houses the company’s information technology professional services. The Colorado Spring’s Compuware office is located at 5575 Tech Center Drive. The company anticipates adding approximately 100 employees within the year in the Pikes Peak… Continue Reading Compuware Corp. anticipates hiring 100

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Bank of the Rockies builds

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Bank of the Rockies, which has been located in small building at 4328 Edison Ave. since its inception in 1982, has broken ground on a 4,600-square-foot location directly next door to where it is currently housed. Bank President Tim Sundgren and his brother, Kent, who serves as vice president, bought the bank from its previous… Continue Reading Bank of the Rockies builds

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Array intros product

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Array Microsystems Inc., founded in 1991 in Colorado Springs, will expand its operations as it introduces a revolutionary product to the computer industry. The company, located at 1420 Quail Lake Loop, is a leading developer of video compression and decompression integrated circuits and subsystem level products for video-based multimedia applications. In lay terms, the company’s… Continue Reading Array intros product

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Airport land will be developed

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A Washington state investment company, which won a bidding war against those eager to buy a 256-acre parcel of land near the Colorado Springs Airport, has announced massive plans for the prime land. The company, Soaring Eagles Orchards Inc., purchased the land from Digital Equipment Corp. for $1.9 million in 1995. Since that time, the… Continue Reading Airport land will be developed

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