Available For Immediate Release
Integral Systems Acquires Newpoint Technologies
February 26, 2002
Salem, New Hampshire USA - Newpoint Technologies announced today that it has signed an agreement for Integral Systems, Inc. (NASDAQ-ISYS) to acquire Newpoint Technologies, Inc. In an all-cash deal, the company will continue to operate independently as a wholly-owned subsidiary of Integral Systems.
"We're delighted with this opportunity to bring Newpoint Technologies into the Integral Systems family," said Steven R. Chamberlain, Chairman and CEO. "Their software products are a wonderful complement to our EPOCH product line for satellite command and control, as well as our subsidiary SAT's line of signal monitoring systems. Completing this acquisition brings us one step closer to our vision of being a one-stop-shop for satellite operators."
Paul M. Houle, CEO of Newpoint Technologies, said "The Integral Systems name and reputation will bring significant value to our customers. Integral's financial resources will allow Newpoint to expand its product and service offerings to existing customers, and will provide new market opportunities throughout the communications industry."
Founded in 1982, Integral Systems is a leading provider of satellite ground systems and has supported over 120 different satellite missions for communications, science, meteorological and earth resource applications. Integral continues to enhance its current position in government and commercial marketplaces by offering innovative software products and custom services for ground system development and integration. Through its wholly owned subsidiary SAT Corporation, the Company provides satellite and terrestrial monitoring systems to satellite operators and users throughout the world. Integral Systems has 300 employees working at Company headquarters in Lanham, Maryland, and at other locations in the U.S. and Europe, including SAT Corporation offices in Sunnyvale, California.
About Newpoint Technologies
Newpoint is an industry leader in Satellite and Terrestrial Network Management Systems for control of data, Internet, broadcast, telecom, and hybrid networks. Newpoint has been the industry's dominant supplier of software and systems for equipment M&C (Monitoring And Control) and is a recipient of Satellite Communications Magazine's prestigious "Most Innovative Product" award in 1999. Newpoint's principal customers are commercial satellite operators, telecommunications companies and broadband service providers.