Sensis Corporation to Acquire Seagull Technology
Further Strengthens Aerospace Technology Portfolio
DEWITT, NY - March 29, 2005 - Sensis Corporation has signed a definitive agreement to acquire the assets of Seagull Technology (Seagull), an engineering firm specializing in transportation, information, and control system technology for the aerospace industry. Seagull will bring Sensis highly regarded modeling and simulation experience, aviation operational concept development, advanced automation systems development, and expertise in navigation systems.
"Seagull has a long history of modeling and simulation experience for the National Airspace System and is well respected in the aerospace industry," said Jud Gostin, CEO, Sensis Corporation. "Their modeling and simulation ability combined with Sensis' hands-on experience in deploying air traffic control systems domestically and abroad will enable us to provide even greater value to our customers. Additionally, Seagull's experience with navigation systems strategically expands Sensis' technology portfolio."
The United States aviation system has been under significant stress for many years. In response to this, Congress passed Vision 100 - Century of Aviation Reauthorization Act which established a unique public-private partnership to establish and execute a plan to transform the aviation system. The combined talents of Sensis and Seagull will enable them to better contribute to the development of this next generation air transportation system.
Seagull was formed in 1985 and is headquartered in Campbell, CA; the company has approximately 40 employees. With the acquisition, Seagull will remain in Campbell, CA, and become Sensis Corporation Seagull Technology Center. The Technology Center will also retain its satellite office in Hampton, VA. Founder & CEO John Sorensen will become a Sensis Senior Fellow. Seagull President & COO Matt Blake will become Director, Sensis Corporation Seagull Technology Center.
"Over the last few years, Seagull has established a close working relationship with Sensis, partnering to examine emerging air traffic control needs," said Sorensen. "With the acquisition, Seagull can continue to build on the companies' synergies, integrating Seagull's technology with potential Sensis applications for new and innovative solutions for the Aerospace industry."
Seagull's primary customers are federal agencies such as NASA and FAA; the U.S. Joint Planning and Development Office; technology corporations; and university laboratories.
The acquisition is expected to close in the second quarter of 2005.
