Firstsource Corp

Firstsource Corp., a Santa Ana online business procurement company, said Monday that it has sold $25 million in stock to Excelsior Private Equity Fund II Inc. and other strategic investors in a private placement. The company also said it has changed its name to Firstsource Corp., from Firstsource.com, effective immediately.

Firstsource Corp., a Santa Ana online business procurement company, said Monday that it has sold $25 million in stock to Excelsior Private Equity Fund II Inc. and other strategic investors in a private placement. The company also said it has changed its name to Firstsource Corp., from Firstsource.com, effective immediately.

Timothy M. Feeney has been appointed chief financial officer of Aspeon Inc. in Irvine. He succeeds Horace Hertz. Feeney was formerly vice president of finance for Aspeon's application service provider division. Before that, he was president of the Platinum Group, and served in senior financial management positions with several food service and restaurant companies, including Jeepers! Inc.

Mark Korando has been named director of site acquisition for Habitat for Humanity of Orange County. Korando will be responsible for negotiating agreements to provide funding for land purchases on which the group will build affordable homes for low-income families. Korando has spent the last 21 years in the building industry, most recently as senior building and grading inspector for Irvine's building department. * Brian Ahern has been appointed president of Simulation Sciences Inc.

Mel R. Brashears and Thomas M. Kelly have joined the board of directors of Irvine Sensors Corp. in Costa Mesa. Brashears is chairman and chief executive of iNetWorks Corp., an Irvine Sensors subsidiary, and former sector president of Lockheed Martin Corp. Kelly is former general manager for Kodak's Digital Capture products and a director of Silicon Film Technologies Inc., also an Irvine Sensors subsidiary. Kelly filled the position vacated by Walter E. Garrigan, who retired. * F.M.

At General Electric Co.'s transportation group, which makes locomotives and other heavy duty equipment, employees usually decided when they needed to travel and made their own reservations. Not anymore. Now they must log on to a GE computer program to file their plan, which then goes to their division manager, who grants or denies the request. The result: "The number of requests for travel has gone way down," said Patrick McNamee, the group's chief information officer.