Free Submission Public Relations & NewsPR-inside.com
 
DeutschEnglish

Get the latest news
with our RSS feed
rss feed
Add to My Yahoo!
More information
Business

SAT Corporation is Acquired by Wonderware Business Unit of Invensys


Print article Print article
Refer this article Refer to a friend
© Business Wire 2008
2008-08-21 15:04:02 -

www.sat-corp.com - Global Marketing Howard W. Beader, 713-344-2600 (Media/Analyst) Howard.Beader@Wonderware.com Houston-based SAT Corp. announced today that it has been acquired by Wonderware, a business unit of the London based, global technology and controls company Invensys plc (ISYS.L.).

SAT began in Clear Lake, Texas in 1995, founded by entrepreneur and CEO Donald Frieden. After

acquiring funds from local sources including GN Ventures and Genesis Park L.P., SAT continued expanding by moving its headquarters to the Energy Corridor (Westchase District) in 2001. Later SAT, was selected by Houston Technology Center as a member company and technology champion. Frieden will remain with the acquired company as Vice President of Mobile Solutions.

"Don Frieden and his team are deserving of their success. They have targeted an important wireless niche and stuck with it. Not a lot of flash, just a decade or so of very hard work. We have been proud to be associated with the company for the last eight years," said Paul Hobby, managing partner of Genesis Park and a SAT Corp. Board member.

Don Frieden added, "I could not have done this myself. My family, my coworkers, and our investors have all done great things to help make SAT Corp's IntelaTrac(R) the gold standard for mobile workforce management solutions."

SAT was advised by Pharus Advisors, a boutique investment bank with offices in New York and San Francisco. Separate Invensys and Wonderware press releases contain additional purchase details.

About Wonderware

Visit us.wonderware.com

Local Software Company Finds Success


Disclaimer: (c) 2007 Business Wire. All of the news releases contained herein are protected by copyright and other applicable laws, treaties and conventions. Information contained in the releases is furnished by Business Wire's members, who warrant that they are solely responsible for the content, accuracy and originality of the information contained therein. All reproduction, other than for an individual user's personal reference, is prohibited without prior written permission.


Terms & Conditions | About us | Contact PR-inside.com