UniTek Global Services Announces Pricing of Public Offering of Its Common Stock and Commencement of Trading on the NASDAQ Global Market

UniTek Global Services, Inc. (NASDAQ:UNTK) ("UniTek" or the "Company") today announced the pricing of its public offering of 19,000,000 shares of its common stock at a price to the public of $4.75 per share. The underwriters in the offering have a 30-day option to purchase up to an additional 2,850,000 shares of common stock from the Company, on the same terms and conditions, to cover over-allotments, if any. All share amounts offered reflect a one-for-28 reverse split of the common stock completed in conjunction with the pricing of the offering.

The Company's common stock begins trading on November 11, 2010 on the NASDAQ Global Market under the symbol "UNTK."

Stefanini IT Solutions Affiliate to Merge with TechTeam Global

TechTeam Global, Inc. (Nasdaq: TEAM), a worldwide provider of information technology outsourcing and business process outsourcing services, today announced that the Company has signed a definitive agreement pursuant to which an affiliate of Stefanini International Holdings Ltd (d/b/a Stefanini IT Solutions), a privately held global provider of onshore and nearshore IT consulting, integration and development, and outsourcing services, will merge with TechTeam Global. The transaction will be accomplished through an all-cash tender offer and second-step merger, for a total value of approximately $93.4 million. The definitive agreement was fully supported by TechTeam Global's Board of Directors and was the result of the Board of Directors and management's evaluation of various strategic alternatives for the benefit of all stakeholders. The transactions contemplated by the definitive agreement were unanimously approved by the Boards of Directors of both companies.

TeleNav Reports First Quarter Fiscal 2011 Financial Results

-- Quarterly revenue increased 42 percent year over year to $51.1 million
-- Net income increased 52 percent year over year to $12.4 million
-- Average monthly paid subscribers for the first quarter reached 17.7 million, up from 16.1 million in the prior quarter

TeleNav, Inc. (Nasdaq:TNAV), a leading provider of location-based services, or LBS, including voice guided navigation and local search on mobile phones, autos and enterprise LBS, today announced its financial results for the first quarter of fiscal 2011 ended September 30, 2010.

ActivIdentity to Be Acquired by ASSA ABLOY, Parent Company of HID Global

ActivIdentity to Join the HID Global Business Unit, Advancing the Convergence of Logical and Physical Access Systems

ActivIdentity Corporation, (NASDAQ:ACTI), a global leader in intelligent identity assurance, today announced that the company has entered into a definitive agreement to be acquired by ASSA ABLOY AB, the parent company of HID Global, in a cash transaction at a price of $3.25 per share, or approximately $162 million. This per share price represents a premium of approximately 43% over the closing price of ActivIdentity shares on Friday, October 8, 2010 and a premium of 48% over the 20-day average of closing prices. ActivIdentity will become part of ASSA ABLOY's HID Global business and ActivIdentity products will provide the foundation for HID Global's logical access offering