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On February 5, 2002, the Company acquired 100% of Marconi Data Systems, formerly known as Videojet Technologies (âVideojetâ), from Marconi plc in a stock acquisition, for approximately $400 million in cash including transaction costs.
Velocity Buys JD Edwards App Hoster WTS October 3, 2011 Timothy Prickett Morgan. Velocity Technology Services, an application hosting provider with a specialty in Lawson M3 and S3 ERP suites and Kronos time keeping and employee management software, got together a bundle of cash earlier this year and is now using that money to expand its business.