6/10/2005 - Mercury Computer Systems, Inc. (NASDAQ: MRCY), announced it has signed an agreement to purchase SOHARD AG for approximately 19M euros. Based in Fuerth, Germany, SOHARD AG is a global market leader in the development of advanced software solutions for medical imaging systems, hardware and firmware for commercial embedded systems, and software intelligence applications via professional services. The acquisition, which is subject to certain closing conditions, is expected to close in the third quarter of calendar 2005.
SOHARD AG produces a market-leading and award-winning web-based image distribution Picture Archiving and Communications Systems (PACS) solution that allows users to transfer, visualize, and edit medical image data throughout the hospital enterprise. SOHARD AG has more than 950 web-based PACS installations, and more than 50,000 users of its software applications worldwide.
"The acquisition of SOHARD AG will broaden our end-to-end medical OEM solution portfolio from scanner control, reconstruction, acceleration, and advanced 3D visualization, through image distribution and archive software," said Jay Bertelli, president and chief executive officer, Mercury Computer Systems, Inc. "The combination is expected to enable Mercury to establish a leadership position in the high-growth, OEM web-based PACS solutions and imaging scanner markets. Moreover, it will enable our customers to take advantage of faster and higher-quality image reconstruction, processing, and distribution solutions, as well as shortened time to market."
The revenue run rate for SOHARD AG approximates US$10 million per year, and the company is modestly profitable. The acquisition is expected to be accretive within twelve months.
"We are very happy to join Mercury, an organization that, like SOHARD AG, provides leading-edge technology to its customers. With Mercury's commitment and financial stability, we will be able to take our combined solutions to much higher product levels," said Wolfgang Griesmeier, chief executive officer, SOHARD AG. "Mercury's 2D and 3D innovations with SOHARD AG's web- based image management expertise is an ideal combination to achieve multiple product and market advantages. It is our goal to create new, innovative solutions for existing and new customers, and to provide quality products and services to the fullest customer satisfaction. We also look forward to exploring new business opportunities with Mercury."
For more information on SOHARD AG's advanced software solutions, visit www.sohard.de and www.radin.de. A Q&A regarding the acquisition of SOHARD AG is available on Mercury's website on the Investor Relations page at www.mc.com/investor.
About Mercury Computer Systems, Inc.
Mercury Computer Systems, Inc. (NASDAQ: MRCY) is the leading provider of high-performance embedded, real-time digital signal and image processing computer systems. Mercury's products play a critical role in a wide range of applications, transforming sensor data to information for analysis and interpretation. In military reconnaissance and surveillance platforms the Company's systems process real-time radar, sonar, and signals intelligence data. Mercury's systems are also used in state-of-the-art medical diagnostic imaging devices including MRI, PET, and digital X-ray, and in semiconductor imaging applications including photomask generation and wafer inspection. Mercury provides advanced 3D image processing and visualization software and optimized systems to diverse end markets including life sciences, geosciences, and simulation. The Company also provides radio frequency (RF) products for enhanced communications capabilities in military and commercial applications.
Based in Chelmsford, Massachusetts, Mercury serves customers in North America, Europe and Asia through its direct sales force and a network of subsidiaries and distributors. Visit Mercury on the web at www.mc.com.
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