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Datapath Announces Agreement To Acquire ILC
Datapath Inc., a provider of satellite and wireless communications networks, announced Oct. 18 a definitive agreement to acquire all of the stock of ILC for $21 million in cash.
ILC, based in Atlanta, is a privately held provider of network management software for monitoring, controlling and automating hybrid communications networks. ILC generated revenues of $12 million in 2005, and the company’s customers include DirecTV, Loral Skynet, NBC and PBS as well as the U.S Army, Navy and the Federal Emergency Management Agency.
Datapath plans to operate ILC as a wholly owned subsidiary. The transaction is anticipated to close within 45 days, Datapath said.
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