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DataPath Announces Definitive Agreement to Acquire Industrial Logic Corporation (ILC) |
Acquisition Would Expand DataPaths Network Management and Control Software Solutions
Duluth, Ga. - Oct. 18, 2006 - DataPath, Inc., a provider of satellite and wireless communications networks around the world, has signed a definitive agreement to acquire all of the stock of ILC for $21 million in cash. ILC is a privately-held Atlanta-based provider of network management software for monitoring, controlling and automating hybrid communications networks. ILC generated revenues of $12 million in 2005.
The transaction is subject to certain closing conditions, and is anticipated to close within 45 days. The acquisition would support DataPaths strategy to expand its software solutions.
ILCs MaxView® software enables management, control and automation of satellite, broadcast, Internet protocol, IT, optical, wireless, audio/video, synchronous optical network/synchronous digital hierarchy, radio, microwave, facilities and other systems from one console. Using this consolidated control, MaxView performs end-to-end provisioning, event scheduling and activation, self-healing automation, simplified new device integration, alarm correlation, carrier monitoring, trouble ticketing, spectrum planning and tailored reporting. More than 600 MaxView systems have been deployed around the world.
After the expected closing of the agreement, DataPath plans to continue to support and grow ILCs base of 400 global customers, including broadcast segment leaders such as DIRECTV, Loral Skynet, NBC and PBS, as well as the U.S Army, U.S. Navy, and the Federal Emergency Management Agency.
Under the agreement, ILC would be a wholly-owned subsidiary of DataPath. The approximately 70 Atlanta-based employees of ILC would integrate with DataPaths Software Business Unit in Duluth. Ga. DataPath currently has more than 500 employees around the world.
About ILC
Headquartered in Atlanta, Ga., ILC is a leading supplier of network management products for communications networks, equipment and facilities. Specializing in satellite, broadcast and emerging video networks, ILC was founded in 1993 and now has over 600 MaxView systems deployed in over 40 countries. ILC markets to the media and entertainment, broadcast, satellite, telecommunications and government/military sectors utilizing both direct sales and channel partners that include equipment manufacturers, system integrators, value-added resellers, IT consultancies and government contractors. ILCs customers include companies like PBS, NBC, DIRECTV, Verizon, Telkom South Africa, France Telecom, SES Americom, Loral Skynet, and numerous government and defense agencies worldwide.
About DataPath, Inc.
Founded in 1996, DataPath designs and delivers satellite and wireless communications networks around the world. The company is known for rapidly delivering reliable, mobile communications that operate in even the most extreme conditions to support customers that include the U.S. Army, the U.S. Marine Corps and emergency first responders. Headquartered in Duluth, Ga., DataPath maintains offices in Fort Monmouth, N.J., Nashua, N.H., San Diego, Calif., and Tampa, Fla.
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