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Tech Industry

Short: Sector buys majority stake in HIS Technologies

Sector Communications of McLean, Virginia, has completed its acquisition of an 80 percent stake in HIS Technologies, a Swiss company that makes and markets client-server management software, the company said today. Sector paid $1.2 million in cash for the 4.8 million shares of HIS common stock. Sector said the purchase is part of a strategy to expand its presence in the worldwide market for telecommunications and software tools for midsize and large companies.

Sector Communications of McLean, Virginia, has completed its acquisition of an 80 percent stake in HIS Technologies, a Swiss company that makes and markets client-server management software, the company said today. Sector paid $1.2 million in cash for the 4.8 million shares of HIS common stock. Sector said the purchase is part of a strategy to expand its presence in the worldwide market for telecommunications and software tools for midsize and large companies.