Integral Systems Inc. Buys SAT Corp. For $10.2 Million
Integral Systems Inc. [ISYS], a supplier of satellite ground systems and software, has acquired SAT Corp., which provides automatic signal monitoring systems and networks for both satellite and terrestrial applications.
Integral said it paid 650,000 shares of its common stock for the company, which it issued, to Herbert Pardula, the chief executive and sole owner of SAT.
“The acquisition of SAT is a natural fit for use and instantly expands our product offerings to our commercial clients,” said Steven Chamberlain, chairman and CEO of Integral. “We intend to leave SAT as a standalone operating entity…[Herbert] Pardula has been retained by SAT to ensure a smooth integration between our two organizations,” Chamberlain added. SAT Corp. is in Sunnyvale, Calif.