VISIDAQ SOLUTIONS ANNOUNCES THE ACQUISITION OF BUSINESS UNIT FROM ELECTRONIC ASSOCIATES, INC.
WEST LONG BRANCH, N.J., Aug. 24 /PRNewswire/ -- Visidaq Solutions Incorporated (VSI), West Long Branch, has agreed to purchase the Visidaq business unit, a product line of data acquisition, data analysis and strip chart recording systems from Electronic Associates, Inc. (NYSE: EA). VSI has been formed by the employees of the business unit, and is headed by Vito Bagdonavicius, former director of new product development. Terms of the sale were not disclosed. Richard G. Rogers, president of EAI, stated, "The sale of the Visidaq business unit is in support of EAI's decision to focus the company on contract manufacturing." EAI provides manufacturing services for products designed and marketed by customers. EAI is based in West Long Branch. Visidaq Solutions, Inc. will assume responsibility for supplying hardware, software and services to existing Visidaq customers as well as new products expected to be announced next quarter. Visidaq products have been sold to major government and commercial users for video strip chart recording since 1988 and as data analysis and data acquisition systems since 1991. VSI is currently located in West Long Branch. Mr. Bagdonavicius, president of VSI, said, "The acquisition of the Visidaq business unit will allow us to provide additional products and services to our existing customer base. We have delivered the newest Visidaq model, the HP64. This is a 16 bit 64 channel state-of-the-art video chart recorder and data acquisition system. The test and measurement users have given the HP64 high marks. Other new products in development will be announced next quarter including VISIDAQ(TM) Pro software. These new products will help facilitate VSI's growth." -0- 8/24/93 /CONTACT: Vito Bagdonavicius, president of VSI, 908-229-1100/ (EA)
CO: Visidaq Solutions Incorporated; Electronic Associates, Inc. ST: New Jersey IN: SU:
CK-MP -- NY037 -- 5428 08/24/93 11:50 EDT
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|Date:||Aug 24, 1993|
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