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IT services provider Cognizant Technology Solutions Corp said it was conducting an internal investigation into possible violations of U.S. anti-corrupt practices laws related to payments in India, sending its shares tumbling on Friday. The company also said President Gordon Coburn had resigned and would be replaced by Rajeev Mehta, the head of IT services.
ManTech International Corp. SVP Judith L. Bjornaas sold 8,600 shares of the company's stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $40.60, for a total transaction of $349,160.00.
Sonic Foundry, Inc. , the trusted global leader for video creation and management solutions , today announced that Dr. Paul S. Peercy will retire from its Board of Directors, effective immediately due to personal reasons. The board was unanimous in its praise of Dr. Peercy, who has served as a Director since 2004.