Industry News: CyberMetrics Acquires American Quality Systems Inc.
June 1, 2007
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
“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.