Integral Systems
Hires Richard Wathen As Vice President Of Mergers &
Acquisitions
(22 April 2008) Integral Systems,
Inc., today announced the hiring of Richard Wathen as Vice President of Mergers
and Acquisitions.
This new role supports the company's strategic
vision to strengthen its leadership position through M&A activity. Wathen
will report directly to Integral's CEO, Alan Baldwin.
"To support the
increase in revenues and profitability by acquisition and organic growth that
we've outlined in our strategic plan, we needed a strong M&A executive like
Rich," said Alan Baldwin, CEO of Integral Systems. "With his strong track
record in acquiring software product and technology services companies, we know
that he can help us continue to maintain our current growth."
Wathen is
a senior business executive with more than 20 years experience leading all
financial aspects of emerging and mid-size technology companies. Most recently
from 2005 to 2007, he served as the CFO of GlobalLogic Inc., when the offshore
product development company grew from US$ 10 million to US$ 50 million in
annual revenue and completed several key acquisitions.
From 1999 to
2004, Wathen served as the CFO for netASPx, a US$ 50 million managed technology
services company, where he led the selection, acquisition, and integration of
nine companies over an eight-month period, including merger, stock, and asset
purchases. While serving as the Director of Corporate Development at Legent
Corporation (1992 to 1995), the firm acquired six software companies, with
Wathen conducting the technical, marketing, and due diligence
evaluations.
Earlier in his career, Wathen supported IBM's Federal
Systems Division's Global Positioning Satellite program. He was on the bid team
for one of the program's key wins.
Wathen holds an MBA in Finance from
the University of Chicago and a BA in Political Science from Kenyon
College.
About Integral Systems
Founded in 1982, Integral Systems
is a leading provider of satellite ground systems and has supported more than
205 different satellite missions for communications, science, meteorological,
and earth resource applications. Integral Systems was the first company to
offer an integrated suite of Commercial-Off-the-Shelf (COTS) software products
for satellite command and control: the EPOCH Integrated Product Suite (IPS)
product line. EPOCH IPS has become the world market leader in commercial
applications with successful installations on five continents.
Through
its wholly-owned subsidiary, SAT Corporation, Integral Systems provides
satellite and terrestrial communications signal monitoring systems to satellite
operators and users throughout the world. Through its Newpoint Technologies,
Inc., subsidiary, Integral Systems also provides software for equipment
monitoring and control to satellite operators, broadcasters, and
telecommunications firms. Integral Systems' RT Logic subsidiary builds
telemetry processing systems for military applications, including tracking
stations, control centres, and range operations. Integral Systems' Lumistar,
Inc., subsidiary provides system- and board-level telemetry acquisition
products. Integral Systems has approximately 500 employees working at its
headquarters in Lanham, MD, and at other locations in the U.S. and
Europe.
(source: Integral Systyems)
