Mercury Computer Systems Announces the Sale of Visage Imaging to Pro Medicus Limited
CHELMSFORD, Mass., Jan. 27 /PRNewswire-FirstCall/ -- Mercury Computer
Systems, Inc. (NASDAQ: MRCY), a leading provider of embedded, high-performance
computing systems and software for complex image, sensor, and signal
processing applications, announced that it signed a definitive agreement and
closed on the sale of its wholly-owned subsidiaries, Visage Imaging®, Inc.
and its affiliate Visage Imaging GmbH, to Australia-based Pro Medicus Limited.
The financial terms of the transaction were not disclosed.
"This transaction is a major step toward our goal of divesting our
unprofitable and non-core businesses by the end of this fiscal year," said
Mark Aslett, President and CEO of Mercury Computer Systems. "In pursuing
strategic alternatives for Visage Imaging, we conducted a thorough process and
found a strategic fit in Pro Medicus, a buyer committed to serving Visage
customers. Pro Medicus is a public entity in the healthcare industry that is
keenly interested in and well-positioned to pursue the full growth potential
of the Visage Imaging technologies within the life sciences domain."
Mr. Aslett continued: "I extend my gratitude to the Visage team for their
commitment to developing innovative technology solutions in the pursuit of
more cost-effective and competent healthcare."
Visage Imaging, Inc. is a leading provider of scalable, enterprise-wide
advanced visualization and image distribution solutions for hospitals and
imaging centers. Visage Imaging's thin client servers and picture archiving
and communication systems (PACS) offer an optimized, integrated workflow for
all primary interpretation, post processing, and image review tasks within and
beyond radiology, via LAN or WAN, as well as over the Internet.
As a leading provider of IT solutions and services to the private
healthcare industry, Pro Medicus offers a range of enterprise-wide technology
solutions to large medical corporations and individual medical group
practices. Pro Medicus will integrate the Visage® Client/Server and PACS
solutions, and the amira® 3D visualization software, with its Digital
Imaging portfolio that includes Radiology Information Systems (RIS).
Pro Medicus Limited
Pro Medicus Limited provides healthcare information technology solutions
to large medical corporations and individual medical group practices in
Australia and North America through its alliance with Agfa. Pro Medicus
products consist of core and e-health applications, digital radiology PACS
integration products, and services that are designed to aid the management of
Mercury Computer Systems, Inc. - Where Challenges Drive Innovation
Mercury Computer Systems (www.mc.com, NASDAQ: MRCY) provides embedded
computing systems and software that combine image, signal, and sensor
processing with information management for data-intensive applications. With
deep expertise in optimizing algorithms and software and in leveraging
industry-standard technologies, we work closely with customers to architect
comprehensive, purpose-built solutions that capture, process, and present data
for defense electronics, homeland security, and other computationally
challenging commercial markets. Our dedication to performance excellence and
collaborative innovation continues a 25-year history in enabling customers to
gain the competitive advantage they need to stay at the forefront of the
markets they serve.
Mercury is based in Chelmsford, Massachusetts, and serves customers
worldwide through a broad network of direct sales offices, subsidiaries, and
Forward-Looking Safe Harbor Statement
This press release contains certain forward-looking statements, as that
term is defined in the Private Securities Litigation Reform Act of 1995,
including those relating to the agreement to sell wholly-owned subsidiary
Visage Imaging, Inc. and Visage Imaging GmbH to Pro Medicus Limited. You can
identify these statements by our use of the words "may," "will," "should,"
"plans," "expects," "anticipates," "continue," "estimate," "project,"
"intend," and similar expressions. These forward-looking statements involve
risks and uncertainties that could cause actual results to differ materially
from those projected or anticipated. Such risks and uncertainties include, but
are not limited to, general economic and business conditions, including
unforeseen weakness in the Company's markets, effects of continued
geo-political unrest and regional conflicts, competition, changes in
technology and methods of marketing, delays in completing engineering and
manufacturing programs, changes in customer order patterns, changes in product
mix, continued success in technological advances and delivering technological
innovations, continued funding of defense programs, the timing of such
funding, changes in the U.S. Government's interpretation of federal
procurement rules and regulations, market acceptance of the Company's
products, shortages in components, production delays due to performance
quality issues with outsourced components, inability to fully realize the
expected benefits from acquisitions or delays in realizing such benefits,
challenges in integrating acquired businesses and achieving anticipated
synergies, and difficulties in retaining key customers. These risks and
uncertainties also include such additional risk factors as are discussed in
the Company's filings with the U.S. Securities and Exchange Commission,
including its Annual Report on Form 10-K for the fiscal year ended June 30,
2008. The Company cautions readers not to place undue reliance upon any such
forward-looking statements, which speak only as of the date made. The Company
undertakes no obligation to update any forward-looking statement to reflect
events or circumstances after the date on which such statement is made.
Challenges Drive Innovation is a trademark, and amira, Visage, Visage
Imaging, are registered trademarks of Mercury Computer Systems, Inc. Other
product and company names mentioned may be trademarks and/or registered
trademarks of their respective holders.
Robert Hult, Senior Vice President and CFO
Mercury Computer Systems, Inc.
SOURCE Mercury Computer Systems, Inc.
Web Site: http://www.mc.com