Integral Systems
{{Short description|Human resource and accounting systems company}}
{{Use mdy dates|date=October 2011}}
{{Infobox company
| name = Integral Systems, Inc.
| logo = 100x100
| type = Subsidiary{{cite news| url=https://www.washingtonpost.com/business/capitalbusiness/after-going-up-for-sale-integral-systems-acquired-by-kratos/2011/05/17/AFnSXF9G_story.html | newspaper=The Washington Post | first=Marjorie | last=Censer | title=After going up for sale, Integral Systems acquired by Kratos | date=May 22, 2011}}
| genre =
| fate =
| predecessor =
| successor =
| foundation = {{Start date and age|1982}}, in Lanham, Maryland, U.S.
| founder =
| traded_as = {{NASDAQ was|ISYS}}
| defunct =
| location_city = Columbia, Maryland
| location_country = United States
| locations =
| area_served =
| key_people = Paul Casner (Interim CEO)
William Bambarger (CFO)
Peter Gaffney (EVP)
| industry = Satellite ground systems
Space communications
Military communications
| products = ABE
Archive Manager
ARES
EPOCH Client
EPOCH Database
EPOCH Triggers & EPOCH Web Server
| services =
| revenue = {{profit}} US$160.17 Million (2008){{cite web | title=ISYS: Integral Systems, Inc. | url=https://www.google.com/finance?q=isys | archive-url=https://web.archive.org/web/20100710174531/http://www.google.com/finance?q=ISYS | url-status=dead | archive-date=July 10, 2010 | publisher=Google Finance | accessdate=2009-03-29}}
| operating_income = {{profit}} US$25.10 Million (2008)
| net_income = {{profit}} US$18.17 Million (2008)
| aum =
| assets = US$147.20 Million (2008)
| equity = US$110.04 Million (2008)
| owner =
| num_employees = 769 (December 2008)
| parent = Kratos Defense & Security Solutions (2011 - present)
| divisions =
| subsid =
| homepage = {{url|http://www.integ.com/}}
| footnotes =
| intl =
}}
Integral Systems, Inc. was a manufacturer of satellite ground systems founded in 1982, and based in Columbia, Maryland in the United States. The company had supported over 205 satellite missions for communications, science, meteorological and earth resource applications.{{cite web|title=Integral Systems |publisher=Ladders |access-date=2016-06-19 |url=https://www.theladders.com/companies/Integral-Systems/ |url-status=dead |archiveurl=https://web.archive.org/web/20160619214830/https://www.theladders.com/companies/Integral-Systems/ |archivedate=June 19, 2016 }} Integral's customers included government/commercial satellite operators, spacecraft/payload manufacturers and aerospace systems integrators. The company offered a commercial off-the-shelf (COTS) software product line for command and control, and employed approximately 769 people in the United States and Europe.
On July 27, 2011, California-based Kratos Defense and Security Solutions completed the acquisition of Integral Systems, with each outstanding share of Integral Systems common stock cancelled and converted into the right to receive (i) $5.00, in cash, without interest, and (ii) 0.588 shares of the Kratos Defense and Security Solutions common stock.{{cite web|title=US Security and Exchange Commission, Form S-4 Registration Statement under Securities Act of 1933, as filed with the SEC on October 24, 2011 | url=https://www.sec.gov/Archives/edgar/data/40703/000104746911008662/a2205824zs-4.htm|publisher=U.S. SEC |accessdate=2013-12-02}}
Company structure
Integral Systems operated through four business segments: Ground Systems – Government; Ground Systems – Commercial; Space Communications Systems, and Corporate.
{{cite web|title=About Integral|url=http://www.integ.com|publisher=Integral Systems|accessdate=2008-01-18}} The company was involved in contracts with governmental and commercial satellite operators,{{cite news|title=Integral System Inc ISYS.O (NASDAQ)|url=http://stocks.us.reuters.com/stocks/fullDescription.asp?rpc=66&symbol=ISYS.O|archive-url=https://archive.today/20130104193925/http://stocks.us.reuters.com/stocks/fullDescription.asp?rpc=66&symbol=ISYS.O|url-status=dead|archive-date=2013-01-04|work=Reuters |accessdate=2008-01-18}} which included the US Air Force,{{cite web|title=Integral Systems Inc. Awarded Contract Options to Begin Development of the Next Phase of the RAIDRS Program |url=http://www.spacenewsfeed.co.uk/2007/16December2007_13.html |date=2007-12-10 |publisher=Space Newsfeed |accessdate=2008-01-18 |archiveurl=https://web.archive.org/web/20071224090708/http://www.spacenewsfeed.co.uk/2007/16December2007_13.html |archivedate=December 24, 2007 |url-status=dead |df=mdy }} and Northrop Grumman.{{cite news|title=Integral Systems Awarded Contract For GPS Next Gen Control Segment|url=https://www.gpsdaily.com/reports/Integral_Systems_Awarded_Contract_For_GPS_Next_Gen_Control_Segment_999.html|date=2008-01-21|publisher=GPS Daily|accessdate=2022-11-24}}
Integral owned five subsidiaries that provide a services and products to the satellite industry. SAT Corporation, a subsidiary of Integral, that provided satellite and terrestrial communications signal monitoring systems to satellite operators.{{cite web|title=About SAT Corp|url=http://www.sat.com/|publisher=Integral Systems|accessdate=2008-01-18}} The Newpoint Technologies Inc. subsidiary supplied equipment monitoring and control software to satellite operators and telecommunications firms.{{cite web|title=About Newpoint Tech|url=http://www.newpointtech.com/|publisher=Integral Systems|accessdate=2008-01-18|url-status=dead|archiveurl=https://web.archive.org/web/20080111134423/http://www.newpointtech.com/|archivedate=January 11, 2008|df=mdy-all}} Integral Systems’ RT Logic subsidiary built telemetry processing systems for military applications such as tracking stations, control centers, and range operations.{{cite web|title=About RT Logic|url=http://www.rtlogic.com/|publisher=Integral Systems|accessdate=2008-01-18}} Integrals’ Lumistar, Inc., subsidiary primarily designs and manufactures board-level telemetry products for PCI, VME, cPCI, and ISA computer buses.{{cite web|title=About Lumistar|url=http://www.lumi-star.com/|publisher=Integral Systems|accessdate=2008-01-18}} Subsidiary CVG-Avtec built and integrated satellite communication terminals and related equipment, including ground station hardware.
Integral Systems failed to disclose to its shareholders for over seven years that Gary A. Prince (“Prince”), who had previously been convicted of conspiracy to commit securities and bank fraud and enjoined from committing securities fraud in a civil action brought by the Commission, was an executive officer of the Company. Integral Systems failed to disclose Prince’s role at the company and his securities fraud background in its periodic reports and proxy statements filed from 1999 through August 8, 2006 {{cite web|url=https://www.sec.gov/litigation/admin/2009/34-60401.pdf|title=Cease and Desist Order, Administrative Proceeding File No. 3-13566, dated July 30, 2009|publisher=US SEC|accessdate=2013-12-02}}
In 2006, Integral's then-CEO and chairman, Steven R. Chamberlain, was convicted of felony sex offenses involving a minor and resigned. Chamberlain died in December 2009, according to U.S. District Court records{{cite web|url=http://ww2.gazette.net/stories/05202011/businew194608_32539.php|
title=Columbia's Integral agrees to $266M sale|publisher=US SEC|accessdate=2013-12-02}}
Integral built a $992,000 five-story, 125,000 sq. ft. tenant fit-out of a core and shell office building in Columbia Gateway Office Park in Columbia, Maryland.{{cite web|title=Projects:Integral Systems |publisher=Mechanical Engineering and Construction Corporation |url=http://www.m-corp.us/index.php/projects/integral_systems |url-status=dead |archiveurl=https://web.archive.org/web/20151023005018/http://www.m-corp.us/index.php/projects/integral_systems |archivedate=October 23, 2015 }} The company relocated from their original Lanham, MD office to the Columbia, MD new corporate headquarters in May 2009.{{cite web|title=Integral Systems Relocates Corporate Headquarters to Columbia, MD |date=2009-03-21 |url=http://www.prnewswire.com/news-releases/integral-systems-relocates-corporate-headquarters-to-columbia-md-61946342.html |url-status=dead |archiveurl=https://web.archive.org/web/20160619221724/http://www.prnewswire.com/news-releases/integral-systems-relocates-corporate-headquarters-to-columbia-md-61946342.html |archivedate=June 19, 2016 }} However, by February, 2011, the need to drive down operating costs forced Integral Systems to return to the Lanham facility and sublease the majority of their former headquarters facility.{{cite web|title=Integral Systems Announces Sublease of Headquarters Facility in Columbia, Md: Company Anticipates Sublease to Reduce Corporate Overhead by $10 Million Over Five-Year Lease Period |url=https://globenewswire.com/news-release/2011/02/08/439644/213196/en/Integral-Systems-Announces-Sublease-of-Headquarters-Facility-in-Columbia-Md.html |url-status=dead |archiveurl=https://web.archive.org/web/20160619222116/https://globenewswire.com/news-release/2011/02/08/439644/213196/en/Integral-Systems-Announces-Sublease-of-Headquarters-Facility-in-Columbia-Md.html |archivedate=June 19, 2016 }}
On July 27, 2011, Integral Systems merged with Kratos Defense & Security Solutions.{{cite web|title=SEC 8K|url=https://www.sec.gov/Archives/edgar/data/718130/000106925811000039/form8kcompintegrammerger.htm}} At the time of the acquisition, the 600 to 700 Integral Systems employees were expected to join the 4,000 employees of Kratos Defense and Security Solutions.
Subsidiaries
- SAT Corporation - supplied of automated RF signal monitoring systems for satellite and terrestrial spectrum management applications.{{cite web|title=Form 10-Q, Security and Exchange Commission, INTEGRAL SYSTEMS, INC. AND SUBSIDIARIES, NOTES TO CONSOLIDATED FINANCIAL STATEMENTS |publisher=US SEC | url =https://www.sec.gov/Archives/edgar/data/718130/000119312511029033/d10q.htm |accessdate=2013-12-03}}
- Newpoint Technologies - supplied of software and systems for equipment M&C (Monitoring and Control).
- RT Logic - supplied of signal processing systems with applications in satellite test, launch, and on-orbit operation of satellites.
- Lumistar - offered products that process telemetry down-links for the flight, test, airborne, and satellite ground station markets.
- CVG-Avtec - a subsidiary of Integral Systems that focused on deployable satellite communications solutions.
See also
External links
- [http://www.kratosnetworks.com/products/network-management/compass Newpoint Compass: Satellite Management & Control]