Integral Systems
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| Company type | Subsidiary[1] |
|---|---|
| Nasdaq: ISYS (formerly) | |
| Industry | Satellite ground systems Space communications Military communications |
| Founded | Lanham, Maryland, USA (1982) |
| Headquarters | , United States |
Key people | Paul Casner, Interim CEO William Bambarger, CFO Peter Gaffney, EVP |
| Products | ABE Archive Manager ARES EPOCH Client EPOCH Database EPOCH Triggers & EPOCH Web Server |
| Revenue |  US$160.17 Million (2008)[2] |
| US$25.10 Million (2008)[2] | |
| US$18.17 Million (2008)[2] | |
| Total assets | US$147.20 Million (2008)[2] |
| Total equity | US$110.04 Million (2008)[2] |
| Owner | Kratos Defense & Security Solutions (2011 - present) |
Number of employees | 769 (December 2008)[2] |
| Website | http://www.integ.com/ |
Integral Systems, Inc. was a manufacturer of satellite ground systems founded in 1982, and based in Columbia, Maryland in the United States. The company had supported over 205 satellite missions for communications, science, meteorological and earth resource applications.[citation needed] Integral's customers included government and commercial satellite operators, spacecraft and payload manufacturers and aerospace systems integrators.[which?] The company offered a commercial off-the-shelf (COTS) software product line for command and control, and employed approximately 769 people in the United States and Europe.[citation needed] On July 27, 2011, California Kratos Defense and Security Solutions completed the acquisition of Integral System, with each outstanding share of Integral Systems common stock cancelled and converted into the right to receive (i) $5.00, in cash, without interest, and (ii) 0.588 shares of the Kratos Defense and Security Solutions common stock.[3]
Company structure
Integral Systems operated through four business segments: Ground Systems – Government; Ground Systems – Commercial; Space Communications Systems, and Corporate. [4] The company was involved in contracts with governmental and commercial satellite operators,[5] which included the US Air Force,[6] and Northrop Grumman.[7]
Integral owned five subsidiaries that provide a services and products to the satellite industry. SAT Corporation, a subsidiary of Integral, that provided satellite and terrestrial communications signal monitoring systems to satellite operators.[8] The Newpoint Technologies Inc. subsidiary supplied equipment monitoring and control software to satellite operators and telecommunications firms.[9] Integral Systems’ RT Logic subsidiary built telemetry processing systems for military applications such as tracking stations, control centers, and range operations.[10] Integrals’ Lumistar, Inc., subsidiary primarily designs and manufactures board-level telemetry products for PCI, VME, cPCI, and ISA computer buses.[11] Subsidiary CVG-Avtec built and integrated satellite communication terminals and related equipment, including ground station hardware.
Integral Systems failed to disclose to its shareholders for over seven years that Gary A. Prince (“Prince”), who had previously been convicted of conspiracy to commit securities and bank fraud and enjoined from committing securities fraud in a civil action brought by the Commission, was an executive officer of the Company. Integral Systems failed to disclose Prince’s role at the company and his securities fraud background in its periodic reports and proxy statements filed from 1999 through August 8, 2006 [12]
In 2006, Integral's then-CEO and chairman, Steven R. Chamberlain, was convicted of felony sex offenses involving a minor and resigned. Chamberlain died in December 2009, according to U.S. District Court records[13]
On July 27, 2011, Integral Systems merged with Kratos Defense & Security Solutions.[14] At the time of the acquisition, the 600 to 700 Integral Systems employees were expected to join the 4,000 employees of Kratos Defense and Security Solutions.[13]
Subsidiaries
- SAT Corporation - supplied of automated RF signal monitoring systems for satellite and terrestrial spectrum management applications.[15]
- Newpoint Technologies - supplied of software and systems for equipment M&C (Monitoring and Control).[15]
- RT Logic - supplied of signal processing systems with applications in satellite test, launch, and on-orbit operation of satellites.[15]
- Lumistar - offered products that process telemetry down-links for the flight, test, airborne, and satellite ground station markets.[15]
- CVG-Avtec - a subsidiary of Integral Systems that focused on deployable satellite communications solutions.[15]
See also
External links
Newpoint Compass: Satellite Management & Control
References
- ^ Censer, Marjorie (May 22, 2011). "After going up for sale, Integral Systems acquired by Kratos". The Washington Post.
- ^ a b c d e f "ISYS: Integral Systems, Inc". Google Finance. Retrieved March 29, 2009.
- ^ "US Security and Exchange Commission, Form S-4 Registration Statement under Securities Act of 1933, as filed with the SEC on October 24, 2011". U.S. SEC. Retrieved December 2, 2013.
- ^ "About Integral". Integral Systems. Retrieved January 18, 2008.
- ^ "Integral System Inc ISYS.O (NASDAQ)". Reuters. Retrieved January 18, 2008. [dead link]
- ^ "Integral Systems Inc. Awarded Contract Options to Begin Development of the Next Phase of the RAIDRS Program". Space Newsfeed. December 10, 2007. Archived from the original on December 24, 2007. Retrieved January 18, 2008.
- ^ "Integral Systems Gets $20.6 Million Contract For GPS Systems". CNN Money. January 17, 2008. Retrieved January 18, 2008.
{{cite news}}: Unknown parameter|deadurl=ignored (|url-status=suggested) (help) [dead link] - ^ "About SAT Corp". Integral Systems. Retrieved January 18, 2008.
- ^ "About Newpoint Tech". Integral Systems. Retrieved January 18, 2008.
- ^ "About RT Logic". Integral Systems. Retrieved January 18, 2008.
- ^ "About Lumistar". Integral Systems. Retrieved January 18, 2008.
- ^ "Cease and Desist Order, Administrative Proceeding File No. 3-13566, dated July 30, 2009" (PDF). US SEC. Retrieved December 2, 2013.
- ^ a b "Columbia's Integral agrees to $266M sale". US SEC. Retrieved December 2, 2013.
- ^ "SEC 8K".
- ^ a b c d e "Form 10-Q, Security and Exchange Commission, INTEGRAL SYSTEMS, INC. AND SUBSIDIARIES, NOTES TO CONSOLIDATED FINANCIAL STATEMENTS". US SEC. Retrieved December 3, 2013.