Averna Acquires Substantial Mindready Assets
MONTREAL, QC, CANADA, February 27, 2008
Averna has announced the acquisition of
substantially all assets of test solution
provider Mindready Solutions.
This move will expand Averna's RF and communications product
portfolio, reinforce its leadership in
test engineering, establish a footprint in the
European market, and provide solid engineering
management and business practices to Mindready
clients.
Under the terms of the
transaction, Averna will acquire all
intellectual property, a suite of hardware and
software products including the Universal Radio
Tester (URT) and SedNet IEEE-1394/FireWire®;
an engineering and management team in Canada and
Ireland of 50; and a client base of electronic
device and telematics manufacturers spread
across North America, Europe, and Asia. Post-acquisition, Mindready
Solutions will cease to operate as a distinct
entity, and Averna will remain a private,
Canadian-owned company.
"With a strong virtual instrumentation background to
complement our ProligentTM and Test and
Measurement business units, and with the
technology partnerships that we have forged,
Averna is perfectly positioned to become the
‘IBM of test engineering'",said Pascal Pilon,
president and CEO of Averna. "We look
forward to using our strengthened brand,
complete product portfolio, high level of
professionalism, and enriched technical
expertise to give our new and existing clients
unparalleled satisfaction."
"It is clear to us that Averna has gained a leadership position in test engineering, and we are glad to become part of this fast-growing and renowned company," said Christian Moreau, CEO of Mindready Solutions. "
I am confident that Mindready clients such as Alcatel, Boeing, Lockheed Martin, Nissan, and Panasonic will benefit from our combined strengths and that our solutions will see an even wider distribution."
About Averna
Averna, The Test
Engineering CompanyTM, is structured to give
high-tech electronics OEMs full product
lifecycle support from design to manufacturing.
Averna provides solutions that accelerate
time-to-quality by boosting engineer and test
system efficiency and the impact they have on
new product design and introduction into
production. Averna also supplies on-demand
services for designing, building, deploying, and
maintaining test systems worldwide. Averna is a
Select Alliance Partner of National Instruments
and an Agilent Channel Partner.