Integral Systems

Last updated

Integral Systems, Inc.
Type Subsidiary [1]
Nasdaq: ISYS (formerly)
Industry Satellite ground systems
Space communications
Military communications
Founded Lanham, Maryland, USA (1982)
Headquarters
Columbia, Maryland
,
United States
Key people
Paul Casner, Interim CEO
William Bambarger, CFO
Peter Gaffney, EVP
ProductsABE
Archive Manager
ARES
EPOCH Client
EPOCH Database
EPOCH Triggers & EPOCH Web Server
RevenueIncrease2.svg US$160.17 Million (2008) [2]
Increase2.svg US$25.10 Million (2008) [2]
Increase2.svg 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. [3] Integral's customers included government/commercial satellite operators, spacecraft/payload manufacturers and aerospace systems integrators. 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. [3]

Contents

On July 27, 2011, California-based Kratos Defense and Security Solutions completed the acquisition of Integral Systems, 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. [4]

Company structure

Integral Systems operated through four business segments: Ground Systems – Government; Ground Systems – Commercial; Space Communications Systems, and Corporate. [5] The company was involved in contracts with governmental and commercial satellite operators, [6] which included the US Air Force, [7] and Northrop Grumman. [8]

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. [9] The Newpoint Technologies Inc. subsidiary supplied equipment monitoring and control software to satellite operators and telecommunications firms. [10] Integral Systems’ RT Logic subsidiary built telemetry processing systems for military applications such as tracking stations, control centers, and range operations. [11] Integrals’ Lumistar, Inc., subsidiary primarily designs and manufactures board-level telemetry products for PCI, VME, cPCI, and ISA computer buses. [12] 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 [13]

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 [14]

Integral built a $992,000 five-story, 125,000 sq. ft. tenant fit-out of a core and shell office building in Columbia Gateway Office Park in Columbia, Maryland. [15] The company relocated from their original Lanham, MD office to the Columbia, MD new corporate headquarters in May 2009. [16] However, by February, 2011, the need to drive down operating costs forced Integral Systems to return to the Lanham facility and sublease the majority of their former headquarters facility. [17]

On July 27, 2011, Integral Systems merged with Kratos Defense & Security Solutions. [18] 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. [14]

Subsidiaries

See also

Related Research Articles

Leidos, formerly known as Science Applications International Corporation (SAIC), is an American defense, aviation, information technology, and biomedical research company headquartered in Reston, Virginia, that provides scientific, engineering, systems integration, and technical services. Leidos merged with Lockheed Martin's IT sector, Information Systems & Global Solutions, in August 2016 to create the defense industry’s largest IT services provider. The Leidos-Lockheed Martin merger is one of the biggest transactions thus far in the consolidation of the defense sector. Leidos contracts extensively with the Department of Defense, the Department of Homeland Security, and the Intelligence Community, as well as other U.S. government agencies and select commercial markets.

<span class="mw-page-title-main">CACI</span> American defense contractor

CACI International Inc. is an American multinational professional services and information technology company headquartered in Northern Virginia. CACI provides services to many branches of the US federal government including defense, homeland security, intelligence, and healthcare.

Lexmark International, Inc. is a privately held American company that manufactures laser printers and imaging products. The company is headquartered in Lexington, Kentucky. Since 2016 it has been jointly owned by a consortium of three multinational companies: Apex Technology, PAG Asia Capital, and Legend Capital.

Aeronautical Radio, Incorporated (ARINC), established in 1929, was a major provider of transport communications and systems engineering solutions for eight industries: aviation, airports, defense, government, healthcare, networks, security, and transportation. ARINC had installed computer data networks in police cars and railroad cars and also maintains the standards for line-replaceable units.

<span class="mw-page-title-main">Raytheon Intelligence, Information and Services</span>

Raytheon Intelligence, Information, and Services is a business unit of Raytheon Company headquartered in Dulles, Virginia. IIS specializes in intelligence, surveillance, and reconnaissance, advanced cybersecurity services; weather and environmental services, and information-based services for homeland security. The company also provides training, logistics, engineering, product support, and operational support services and solutions for mission support, homeland security, space, civil aviation, counter-proliferation, and counter-terrorism markets.

<span class="mw-page-title-main">World Kinect Corporation</span> International American-based energy services corporation

World Kinect Corporation, formerly known as World Fuel Services Corporation, is an energy, commodities, and services company based in Doral, Florida. The company ranked No. 70 in the 2022 Fortune 500 list of the largest United States corporations. WKC focuses on the marketing, trading, and financing of aviation, marine, building, and ground transportation energy commodities and related services. As of 2013, WKC also operates in natural gas and power.

SYS Technologies, also known simply as SYS, provides information technology products through services and wireless communication systems for the Department of Defense, Department of Homeland Security and various commercial customers. For large commercial customers in the telecommunications, utilities, construction, chemical, and biomedical industries, its products and services are used to manage remote assets. SYS also provides financial and management services, primarily to U.S. government customers. Since the company was founded, it has been based in or around San Diego, California.

Herley Industries, based in Lancaster, Pennsylvania, is an American company that specializes in supplying microwave and millimeter wave products to the defense and aerospace industries. They provide solutions for radars, flight instrumentation, weapon sensors, electronic warfare systems, and guidance systems for contractors, the U.S. government, and governments and militaries worldwide.

SkyTerra (SKYT), formerly Mobile Satellite Ventures, was a Reston, Virginia company that developed telecommunications systems that integrate satellite and terrestrial radio communication technologies into one system. In March 2010, the company was acquired by Harbinger Capital Partners and under the leadership of CEO Sanjiv Ahuja became part of a new company called LightSquared. The company placed its first satellite, SkyTerra-1, in orbit on November 14, 2010. LightSquared has since then went bankrupt and emerged from bankruptcy as Ligado Networks.

Air Methods Corporation is an American privately owned helicopter operator. The air medical division provides emergency medical services to over 100,000 patients every year. It operates in 48 states with air medical as its primary business focus. Its corporate headquarters are located in the Denver Technological Center, Greenwood Village, Colorado, in the Denver metropolitan area.

<span class="mw-page-title-main">GMV (company)</span>

GMV, founded in 1984, is a Spanish private capital business group with an international presence and more than 3000 professionals. In its early days, it focused on providing solutions for the space and defense sectors, being the contract for the European Space Operations Centre (ESOC) the beginning of its growth. Over the years it has diversified its operations and expanded into other fields becoming today's technology group, which comprises 11 areas of specialization: Space, Aeronautics, Defense and Security, Intelligent Transportation Systems (ITS), Automotive, Cybersecurity, Healthcare, and Digital Public Services, Industry, Financial sector, and Services.

<span class="mw-page-title-main">Landstar System</span> Transportation services company specializing in logistics

Landstar System, Inc. is a transportation services company specializing in logistics and more specifically third-party logistics. Landstar also utilizes an extensive network of more than 11,000 independent owner operators, referred to internally as BCO's. Landstar provides services principally throughout the United States and to a lesser extent in Canada and between the U.S. and Canada, Mexico and other countries around the world.

<span class="mw-page-title-main">SafeNet</span> Information security company

SafeNet, Inc. was an information security company based in Belcamp, Maryland, United States, which was acquired in August 2014 by the French security company Gemalto. Gemalto was, in turn, acquired by Thales Group in 2019. The former SafeNet's products include solutions for enterprise authentication, data encryption, and key management. SafeNet's software monetization products are sold under the Thales Sentinel brand.

<span class="mw-page-title-main">SKY Perfect JSAT</span> Japanese satellite operator and satellite TV company

The SKY Perfect JSAT Group is a Japanese corporate group that claims to be Asia's largest satellite communication and multi-channel pay TV company. It owns the SKY PerfecTV! satellite broadcasting service and the SKY Perfect Well Think content studio, among other businesses.

<span class="mw-page-title-main">VSE Corporation</span> American diversified services company

VSE Corporation is an American company which provides supply chain management support and consulting services for land, sea, and air transportation assets. VSE serves commercial customers as well as the United States Government, including the United States Department of Defense (DoD). Operations include: supply and distribution; maintenance, repair, and overhaul (MRO) services for ground transport and aviation; vehicle and equipment refurbishment; IT and health care IT solutions.

<span class="mw-page-title-main">O3b</span> Satellite constellation designed for telecommunications and data backhaul from remote locations

O3b is a satellite constellation in Medium Earth orbit (MEO) owned and operated by SES, and designed to provide low-latency broadband connectivity to remote locations for mobile network operators and internet service providers, maritime, aviation, and government and defence. It is often referred to as O3b MEO to distinguish these satellites from SES's forthcoming O3b mPOWER constellation.

<span class="mw-page-title-main">ICTS International</span> Dutch firm

ICTS International N.V. is a Dutch firm that develops products and provides consulting and personnel services in the field of aviation and general security. It was established in 1982, by former members of the Shin Bet, Israel's internal security agency, and El Al airline security agents. The company's shares are traded on OTCQB under the symbol OTCQB: ICTSF.

Kratos Defense & Security Solutions, Inc, headquartered in San Diego, California, is an American technology company specializing in directed-energy weapons, unmanned systems, satellite communications, cyber security/warfare, microwave electronics, missile defense, training and combat systems. Customers include the U.S. federal government, foreign governments, commercial enterprises and state and local government agencies. Kratos is organized into six major divisions: Defense and Rocket Support Services, Microwaves Electronics, Modular Systems, Public Safety and Security, Technology and Training, and Unmanned Systems.

<span class="mw-page-title-main">Composite Engineering BQM-167 Skeeter</span> US Air Force aerial target drone

The Composite Engineering BQM-167 Skeeter is a subscale aerial target (drone) developed and manufactured by Composite Engineering Inc. and operated by the United States Air Force and certain international customer air forces. It replaced the Beechcraft MQM-107 Streaker.

L3Harris Technologies, Inc. is an American technology company, defense contractor, and information technology services provider that produces command and control systems and products, wireless equipment, tactical radios, avionics and electronic systems, night vision equipment, and both terrestrial and spaceborne antennas for use in the government, defense, and commercial sectors.

References

  1. ↑ Censer, Marjorie (May 22, 2011). "After going up for sale, Integral Systems acquired by Kratos". The Washington Post.
  2. 1 2 3 4 5 6 "ISYS: Integral Systems, Inc". Google Finance. Retrieved March 29, 2009.
  3. 1 2 "Integral Systems". Ladders. Archived from the original on June 19, 2016. Retrieved June 19, 2016.
  4. ↑ "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.
  5. ↑ "About Integral". Integral Systems. Retrieved January 18, 2008.
  6. ↑ "Integral System Inc ISYS.O (NASDAQ)". Reuters. Archived from the original on January 4, 2013. Retrieved January 18, 2008.
  7. ↑ "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 2008-01-18.
  8. ↑ "Integral Systems Awarded Contract For GPS Next Gen Control Segment". GPS Daily. January 21, 2008. Retrieved November 24, 2022.
  9. ↑ "About SAT Corp". Integral Systems. Retrieved January 18, 2008.
  10. ↑ "About Newpoint Tech". Integral Systems. Archived from the original on January 11, 2008. Retrieved January 18, 2008.
  11. ↑ "About RT Logic". Integral Systems. Retrieved January 18, 2008.
  12. ↑ "About Lumistar". Integral Systems. Retrieved January 18, 2008.
  13. ↑ "Cease and Desist Order, Administrative Proceeding File No. 3-13566, dated July 30, 2009" (PDF). US SEC. Retrieved December 2, 2013.
  14. 1 2 "Columbia's Integral agrees to $266M sale". US SEC. Retrieved December 2, 2013.
  15. ↑ "Projects:Integral Systems". Mechanical Engineering and Construction Corporation. Archived from the original on October 23, 2015.
  16. ↑ "Integral Systems Relocates Corporate Headquarters to Columbia, MD". March 21, 2009. Archived from the original on June 19, 2016.
  17. ↑ "Integral Systems Announces Sublease of Headquarters Facility in Columbia, Md: Company Anticipates Sublease to Reduce Corporate Overhead by $10 Million Over Five-Year Lease Period". Archived from the original on June 19, 2016.
  18. ↑ "SEC 8K".
  19. 1 2 3 4 5 "Form 10-Q, Security and Exchange Commission, INTEGRAL SYSTEMS, INC. AND SUBSIDIARIES, NOTES TO CONSOLIDATED FINANCIAL STATEMENTS". US SEC. Retrieved December 3, 2013.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.