CAT Technology Acquires Managed Services Firm, Aptia Inc.; Acquisition Strengthens Internet Managed Services Offering, Expands CAT Nationwide.Business/Technology Editors LOS GATOS Los Gatos (lôs gä`tōs, lŏs, găt`əs), city (1990 pop. 27,357), Santa Clara co., W Calif.; inc. 1887. It is an affluent residential community and health resort. , Calif.--(BUSINESS WIRE)--Oct. 23, 2000 CAT Technology Inc., a trusted manager of complex Internet infrastructures for leading-edge businesses, today announced the acquisition of Aptia Inc., a privately held managed services An umbrella term for third-party monitoring and maintaining of computers, networks and software. The actual equipment may be inhouse or at the third-party's facilities, but the "managed" implies an ongoing effort; for example, making sure the equipment is running at a certain quality consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a . Since 1997, Aptia, Inc. has provided essential network and systems management solutions for Fortune 2000 companies. Under the terms of the agreement, effective immediately, all outstanding shares of Aptia stock will convert to CAT Technology stock in a non-cash transaction. The Aptia acquisition accelerates the expansion of CAT's Internet infrastructure management business by strengthening the company's management services offering. Aptia's deep managed services knowledge, Internet security ''This article or section is being rewritten at Internet security is the process of protecting data and privacy of devices connected to internet from information robbery, hacking, malware infection and unwanted software. experience and technical skill sets will enhance CAT's existing team with veteran expertise in managing Internet infrastructures 24x7x365. Joining CAT's Board of Directors from Aptia are David Anderson David Anderson may refer to:
ISAS International School for Advanced Studies ISAS Institute of Sensor and Actuator Systems (Vienna University of Technology; Vienna, Austria) ), will also join CAT and retain the same title. Aptia's scope of expertise includes network operations center See NOC. Network Operations Center - (NOC) A location from which the operation of a network or internet is monitored. Additionally, this center usually serves as a clearinghouse for connectivity problems and efforts to resolve those problems. design and management, service-level management, infrastructure management, capacity planning and information security services. The acquisition extends CAT's comprehensive Internet infrastructure capabilities to the East Coast. CAT will assume management of Aptia's offices in Herndon, Va., the mid-Atlantic hub for technology-related businesses. "As we expand our overall service offering nationwide, the experienced resources realized from this acquisition will continue to fuel our growth well beyond the 300 percent figure we experienced last year," said Larry Lenhart, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of CAT Technology. "Our ability to manage and rapidly deploy complex Web systems is enhanced by the addition of the outstanding managers and technologists from Aptia." "The combination of CAT Technology and Aptia creates a compelling organization as the demand for infrastructure management services increases," said CAT Board Member David Anderson of Sutter Hill Ventures. "The integration of Aptia's talented team of network management specialists with CAT's strong customer base and infrastructure expertise signals the birth of a major player in the managed services arena." About Aptia Inc. Aptia (www.aptia.com) was founded in 1997 to deliver specialized services and products to the network management and e-commerce market. Backed by Sutter Hill Ventures, Trident Capital, and AVI (Audio Video Interleaved) A Windows multimedia video format from Microsoft. It interleaves standard waveform audio and digital video frames (bitmaps) to provide reduced animation at 15 fps at 160x120x8 resolution. Audio is 11,025Hz, 8-bit samples. Management Partners, Aptia currently has offices in Silicon Valley and Herndon, Va. Aptia's innovative e-commerce services approach features a proprietary methodology for analyzing, documenting and managing the complexities of integrated commerce systems based on systems engineering and service-level management principles. About CAT Technology Inc. CAT Technology (www.cattech.com) is the trusted manager of complex Internet infrastructures for leading edge Internet businesses. Focused on the middle market, CAT provides a comprehensive range of services, including 24x7x365 proactive management and Internet architecture design, testing, optimization, deployment, and security. Customers include Xpede, fusionOne and Driveway. CAT is headquartered in Los Gatos, Calif., with additional offices in San Francisco. CAT Technology is a registered trademark of CAT Technology Inc. All other registered trademarks and/or trademarks are the property of their respective owners. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion