Business Services Industry
Start-up acquires software veteran. (AppNet Systems Inc. buys Software Services Corp.)
Crain's Detroit Business, August, 1998 by Roush, Matt
Ann Arbor company goes to EDS alumni A longtime Ann Arbor software and technical-staffing company has been purchased by a Bethesda, Md.-based Internet-commerce start-up that's run by alumni of Electronic Data Systems Corp. The 200 employees of Software Services Corp. learned of its acquisition by AppNet Systems Inc.
Wednesday. Terms of the deal were not disclosed. Software Services is the largest acquisition yet by AppNet, founded in November by Ken Bajaj, a former EDS executive, and three other ex-EDS employees. Founded in 1976, Software Services will post revenue of nearly $20 million this year. The company started in technical staffing. In the last five years it's added contract programming and computer network integration. Those newer lines of business now...
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