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Industry News: CyberMetrics Acquires American Quality Systems Inc.

June 1, 2007
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SCOTTSDALE, AZ-CyberMetrics Corp. a privately held software and solutions provider founded in 1988, has acquired American Quality Systems Inc. (AQS), a provider of low–to–mid priced calibration, and maintenance management software products. The acquisition of American Quality Systems is another in a series of events chronicling a continued period of growth for CyberMetrics Corp. In February, CyberMetrics announced it had posted record company revenues during the fiscal year ending December 31, 2006. Sales of CyberMetrics’ flagship product, Gagetrak, increased 25% and the company’s overall operating margin rose by nine percentage points during that timeframe.

CyberMetrics would not rule out additional acquisitions or strategic alliances. “While CyberMetrics is fully committed to achieving growth organically, we will continue to review and consider business opportunities which are inline with CyberMetrics’ strategic vision and provide increased economies of scale to our organization,” states Larry Bagan, CyberMetrics’ chief operating officer. The acquisition of AQS provides additional customer base for CyberMetrics to market its existing calibration, maintenance and supplier management software solutions.

“CyberMetrics’ strength of products and position within the marketplace makes the acquisition of AQS beneficial for AQS’ former customers and CyberMetrics; it’s a win-win situation,” says Bagan.

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