Mercury Computer Systems, Inc. (Nasdaq: MRCY), a leading provider of high-performance computing solutions for HPC and embedded computing markets, announced that Visage Imaging GmbH, a component of its wholly owned subsidiary Visage Imaging, Inc., has reached an agreement to sell the assets of its Embedded Services and Professional Services (ES/PS) businesses. ES/PS were part of Mercury’s acquisition of SOHARD AG in July 2005. The ES/PS buyers are companies held by Orgabit Datenservice GmbH, based in Germany. Financial details of the agreement were not disclosed. The final closure of the transaction is pending third-party customer approval and transfer of employment agreements.
“Visage Imaging’s strategic focus is on the continued development and sales of our new Client Server (CS) product line. The ES/PS businesses are resource-intensive and do not fit the business model and customer base we are targeting for Visage Imaging going forward,” said Mark Aslett, President and Chief Executive Officer of Mercury Computer Systems, Inc. “I’m pleased to report, however, that we’ve secured buyers for whom the ES/PS businesses will be an ideal fit.”
The transaction is expected to be completed by June 30, 2008.
About Mercury Computer Systems, Inc. – Where Challenges Drive Innovation
Mercury Computer Systems provides specialized, high- performance computing systems and software designed for complex HPC and embedded applications in a range of industries that include aerospace and defense, telecommunications, medical imaging, semiconductor, EDA, and more. Our products blend unmatched expertise in algorithm optimization and silicon design with software application knowledge and industry-standard technologies. Mercury’s comprehensive, purpose-built solutions capture, process, and present data for the world’s largest medical imaging companies, 8 of the 10 top defense prime contractors, and other leading Fortune 500 and mid-market companies in semiconductor, energy, telecommunications, and other industries. Our dedication to performance excellence and collaborative innovation continues a 25-year history in enabling customers to gain the competitive advantage they need to stay at the forefront of the markets they serve. Mercury is based in Chelmsford, Massachusetts, and serves customers worldwide through a broad network of direct sales offices, subsidiaries, and distributors. We are listed on the Nasdaq Global Select Market (NASDAQ: MRCY).