INTEGRATED MICROWAVE TECHNOLOGIES (IMT) ANNOUNCES THE ACQUISITION BY SKYVIEW CAPITAL LLC COMPLETED
IMT Introduces the New Management Team and Renewed Focus on Broadcast Customers.
MOUNT OLIVE, NJ, DECEMBER 08, 2014 - Integrated Microwave Technologies (IMT), a leader in advanced digital microwave systems serving the Broadcast, Sports & Entertainment and MAG (Military, Aerospace & Government) markets, announced today that its acquisition by Skyview Capital LLC has been successfully completed. Skyview Capital LLC announced that it has signed an agreement to acquire IMT from the Vitec Group, plc on November 03, 2014. Specific financial terms of the transaction are undisclosed.
IMT will operate as a wholly-owned subsidiary of Skyview Capital LLC and will continue to design, manufacture and sell its portfolio of innovative products, as well as the future product roadmap, under Nucomm, RF Central and IMT brands. IMT's headquarters and state-of-the-art manufacturing and technical support center will remain in Budd Lake, NJ.
With the completion of the acquisition, IMT welcomes Rick Bigelow, Senior Vice President at Skyview Capital, as the new IMT CEO. John Payne IV continues in his role of IMT Chief Technology Officer and the Vice President of Engineering. Todd Hansen remains in his role of IMT Vice President of Operations.
With over 20 years of senior level financial and operational experience in both the private and public sector, Rick Bigelows experience has crossed many industries, taking in technology software development, services and the manufacturing/distribution of consumer goods. Over the course of his career, Mr. Bigelow has led operations, transition and integration for several firms in the private equity industry.
Prior to Skyview Capital, Mr. Bigelow was CEO of several industry leading software companies serving Fortune 500 companies and CFO of a major distribution/manufacturing company.
John Payne IV joined Nucomm in 1996, where he led product development, realization and product launches key to the company's growth during the BAS
transition as the Vice President of Engineering. Mr. Payne spearheaded the creation of IMT's successful government radio line, the smallest and most advanced radio line in the world, enabling IMT to successfully penetrate the government market.
Todd Hansen joined Integrated Microwave Technologies in 2009. At IMT, Mr. Hansen oversees the sales and customer technical support, purchasing, manufacturing, quality, logistics and program management functions. Hansen has many years of experience in RF and microwave and semiconductor component manufacturing, the design of high-power microwave devices and silicon/silicon carbide based power devices.
IMT has the best talent available in the industry and we expect to accomplish great things as we build new solutions for our loyal customers and aggressively compete for a greater share of the market, says IMT CEO Rick Bigelow. We are here to win.
To the benefit of our customers, the new parent company is more technology oriented and brings IMT additional assets, strategic vision and a deeper expertise in wireless technology to spark the innovation and fast growth, says IMT CTO John Payne IV. We plan to renew our focus on the evolving needs of our broadcast customers and leverage the innovations and strong product portfolio we've developed for our government clients.
Recently IMT announced the preview of the new broadcast video products it is launching. Detailed announcements about the new products will follow shortly.
IMTs legacy as a premier supplier of microwave video transmission systems can be traced back to 1990, though today it offers a wide range of state-of-the art products for a broad spectrum of applications including live news coverage for television broadcast, cable and special events. With efficiency through simplicity and advanced COFDM technology as the cornerstones of its product development strategy, IMT's novel approach is focused on the integration and optimization of antennas, modulation, video encoding, adaptive digital signal processing and maximum ratio combining techniques.
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INTEGRATED MICROWAVE TECHNOLOGIES (IMT) ANNOUNCES THE ACQUISITION BY SKYVIEW CAPITAL LLC COMPLETED
