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MCI Systemhouse, Inc., was an American information technology company that specialized in data centers for large corporations. It was a subsidiary of the Washington, DC–based MCI Communications Corporation, the result of a 1995 $1 billion acquisition of Canadian company SHL Systemhouse and its subsequent integration with MCI's technical services branch. [1]
The company was incorporated in 1933 by Harry Zoltok as Fort Garry Motor Body and Paint Works Limited, in Winnipeg, Manitoba, Canada. [1] In 1948, Greyhound Lines of Canada, at that time MCI's major customer, became a majority shareholder when it purchased 65 percent of the company. MCI was purchased outright by Greyhound Lines in 1958.
The company has roots in the General Motors Diesel Division, which opened in 1979. Nova Bus was established in 1993, by Nova Quintech, through the acquisition of Dial Corporation's transit division which consisted of Motor Coach Industries and Transportation Manufacturing Corporation. Volvo took partial ownership of Nova Bus in 1998 and ...
MCI Inc., formerly called WorldCom, which acquired MCI Communications, and was later acquired by Verizon Communications; MCI Group, a global event, association management and congress management company; Mobile Telecommunication Company of Iran, the largest mobile phone operator in Iran; Motor Coach Industries, a coach/bus manufacturing company
The company emerged from bankruptcy in 2004 with about $5.7 billion in debt and $6 billion in cash. About half of the cash was intended to pay various claims and settlements. Previous bondholders ended up being paid 35.7 cents on the dollar, in bonds and stock in the new MCI company. The previous stockholders' stock was cancelled.
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MCI had been in trouble for a while and needed cash - while BT needed a partner for Concert and access to the North American market: BT resultantly bought 20% of MCI to secure the deal, and inject the needed cash. [8] Concert's aim was to build a network which would provide easy global connectivity to multinational corporations. [9]
NFI Group was created on June 16, 2005, as the holding company of New Flyer Industries so it could be publicly traded on the Toronto Stock Exchange. [3]In October 2008, NFI Group. was named one of Canada's Top 100 Employers, which was announced in The Globe and Mail newspaper, and the company was featured in Maclean's newsmagazine.