12/4/2002 - Geodesic Systems announced the completion of its merger with InCert Software Corporation of Cambridge, Mass. The companies-both leading application availability software companies - announced in September their intent to form a single company that would provide a complete line of software solutions that deliver fault management for enterprise-class applications. With the merger, InCert Software becomes a wholly owned subsidiary of Geodesic Systems. The company is based in Chicago, with engineering staff remaining in the Cambridge, Mass. location.
Anant Agarwal, InCert's founder and chairman, was named to the Geodesic Board of Directors. InCert's chief technology officer, Richard Schooler, will share those duties with Geodesic's current chief technology officer and board chairman, Michael Spertus. Philip Spertus will remain Geodesic's president & CEO. Michael Torto, InCert's president and CEO, who played a central role in this merger, has chosen to pursue other opportunities and will not be joining the Geodesic management team.
"From beginning to end, this merger has proven to be a perfect fit," said Philip Spertus. "In addition to product sets that complement each other, InCert brings to Geodesic some of the most impressive talent in the industry today. We are pleased to have Anant Agarwal, Richard Schooler and the outstanding team from InCert, and look forward to their contributions as together we strengthen our product offerings and position in the marketplace."
InCert's funding partners include Commonwealth Capital Venture Group, Ascent Venture Partners, Navigation Technology Partners and Still River Fund. Geodesic is funded by JK&B Capital, CID Equity Partners and the Intel 64 Fund.
Geodesic Systems, Inc., headquartered in Chicago, provides performance and availability management software that delivers a self-healing runtime environment, improving the scalability and reliability of business-critical applications on existing hardware without requiring changes to application software. Many Fortune 1000 companies and government agencies rely on GeodesicTM Runtime Solutions to help keep their business-critical systems running. Customers include Amazon.com, Lockheed Martin, Verizon, Novell and many others.
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