SYS Tech Buys Ai Metrix
Based in Reston, Virginia, Ai Metrix, which has 42 employees, all of whom will be staying with the company, will be operated as a wholly owned subsidiary in the SYS Public Safety, Security and Industrial Systems Group. Ai Metrix’s revenues for the nine months ended September 30, 2006 were approximately $5.8 million. The transaction is anticipated to be accretive to the earnings of SYS. Ai Metrix’s flagship product is NeuralStar - a network management platform that provides real-time network monitoring, analysis of performance metrics and captures, correlates and stores performance and alarm events for various network devices. This next-generation network management platform has become a key solution for converged enterprise networks and is the core network management platform for the Department of Defense’s backbone network, known as the Global Information Grid (GIG).
“Ai Metrix’s network management technology brings to SYS a unifying integration architecture that can be implemented across our family of information connectivity solutions,” stated Cliff Cooke, CEO of SYS. “Its addition strengthens our Public Safety, Security and Industrial solutions offerings and enables us to provide a complete package - a key metric for selling into one of our targeted markets of small to medium sized municipalities. In addition, there are also great synergies between Ai Metrix’s technology and our Defense Solutions Group solutions. Therefore, we can leverage Ai Metrix to increase SYS’s overall success in all the markets we serve.”