Wednesday, October 18, 2006

SYS Technologies Buys Ai Metrix

San Diego-based SYS Technologies announced this morning that it has acquired AI Metrix, a provider of network management products based in Reston, Virginia. The deal is worth approximately $7.3M in SYS stock, plus unspecified earnout. Ai Metrix employs 42 in Virginia, and had revenues of approximately $5.8M in the nine months ended September 30th. Ai Metrix develops a network management platform that provides real-time monitoring of alarm events, primarily for the Department of Defense. SYS was advised by USBX Advisory Services in the deal. Ai Metrix was venture funded by General Atlantic Partners.

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