14 Feb Tech Digest: UWM technologist leaving; Banta, API, Johnson Controls
University of Wisconsin-Milwaukee — The director of the university’s Center for Intelligent Maintenance Systems said last week he would leave for the University of Cincinnati in April. Professor Jay Lee told the Milwaukee Journal-Sentinel that he did not feel valued, and that UW-Milwaukee does not have good enough legal and other infrastructure to support technology transfer.
Menasha, Wis. — Banta Corporation said it would sell all the assets of its health-care subsidiary to an unnamed affiliate of a Boston investor group, Fidelty Capital Investors. Separately, the company said it had sold a warehouse in California for $7 million and would use the proceeds from both transactions to fund a $150 stock repurchasing program.
Hartford, Wis. — API Software has expanded its client base to include Phoebe Putney Memorial Hospital of Albany, Georgia. The hospital will buy API’s attendance-keeping, scheduling and access-control software.
Milwaukee — Johnson Controls said it had agreed to sell its Florida-based federal services subsidiary to IAP Worldwide Services in South Carolina for $260 million in cash. This marks Johnson Controls’ exit from managing federal base operations, contingency support and temporary personnel. Headquartered in Milwaukee, the company makes industrial and automotive control systems.