eLutions, Inc. to Acquire Assets of Wizcon Systems

  • January 26, 2006
  • News
Lyon, France – January 26, 2006 – ITA Holdings, Inc., formerly Axeda Systems Inc., today announced that it has entered into a letter of intent to sell the assets of Wizcon Systems and certain other assets of the Wizcon Systems business unit to eLutions, Inc, a Tampa based premier provider of wireless enterprise automation solutions which help companies dramatically improve their asset performance, energy usage, and workforce productivity. Wizcon Systems markets the Wizcon Supervisor (formerly Axeda Supervisor) line of products into the Utilities, Building Automation, Transportation & Infrastructure, Power & Energy and Industrial Automation markets."eLutions is delighted to have the opportunity to synergize its product offerings with those of Wizcon Systems as well as the opportunity to introduce its existing offering to the European market through Wizcon Systems’ sales channels. The acquisition will allow eLutions and Wizcon Systems to develop an integrated product offering across Europe and North America, adding wireless capabilities to Wizcon’s product line and dramatically expanding existing distribution channels." said Dan Collins, co-founder of eLutions. "We believe that our existing product offering will be complemented by eLutions’ market strength in enterprise software and wireless hardware platforms. The need for wireless enterprise automation is growing rapidly and we intend to be a major partner to our global customers through a comprehensive offering. The combination of our two companies will create significant value and growth in our existing markets.” said Chris Guers, president of Wizcon Systems.Completion of the acquisition is subject to due diligence investigations satisfactory to eLutions, the negotiation and execution of a definitive acquisition agreement, ITA Holdings obtaining all required consents and other customary conditions. ITA Holdings will be seeking the approval of its stockholders to consummate the proposed transaction. It is anticipated that the transaction will close in the first quarter of 2006. About Wizcon SystemsThe Wizcon family of products has been helping companies satisfy their complete control and command needs since 1988. Wizcon Supervisor is a complete, open toolbox for supervisory, control and data acquisition (SCADA) requirements, boasting the industry's broadest connectivity to legacy and new automation networked devices and technology excellence in Web-enabled applications. Headquartered in Lyon, France, Wizcon Systems has deployed its mission-critical software at tens of thousands of customer sites worldwide (more than 45,000 licenses over the past 18 years) and some of the world's most highly regarded businesses depend on its solutions every day. More information is available at www.wizcon.com About eLutions Inc.eLutions, Inc. is a premier provider of wireless enterprise automation solutions which help companies dramatically improve their asset performance, energy usage, and workforce productivity. Headquartered in Tampa, Florida, eLutions is a privately held provider of real-time wide area solutions used by retail, commercial, government, and industrial companies worldwide. These solutions enable monitoring and control of assets, machinery, and workflows through the use of advanced technologies comprising communications enabled end-devices, wireless backhaul services and enterprise / ASP hosted applications. eLutions, Inc. is a wholly-owned subsidiary of Milwaukee, Wisconsin based Engage Networks Inc. More information is available at www.elutions.com

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