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August 7, 1988

TEKNOWLEDGE SELLS MOST OF FEDERAL SYSTEMS UNIT

By CBR Staff Writer

Expert systems and knowledge processing software specialist Teknowledge Inc of Palo Alto, California is to sell some of the assets of its Teknowledge Federal Systems Inc to managers of the subsidiary. The managers have formed ISX Corp to complete the transaction, and ISX will pay $1.5m of much-needed cash to Teknowledge for the assets. The research operations of Teknowledge Federal will be consolidated at the company’s Palo Alto headquarters. ISX will acquire all other Teknowledge Federal contracts, including a major one with Lockheed Corp; some licences, leases, computers, and its furniture and office equipment.

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