FOR IMMEDIATE RELEASE:

 

June 30, 2006

 

For more information contact:             Jack Connors

                                                            Vice President, Sales

                                                            Overwatch Systems – Boston Operations

                                                            jack.connors@overwatch.com

                                                           781-937-9800

 

 

 OVERWATCH SYSTEMS ACQUIRES ALL-SOURCE IMAGING

 

 

MORRISTOWN, N.J., USA, 30 June 2006Overwatch Systems today announced that it has acquired All-Source Imagining Systems, Inc. (ASIS) of Northampton, MA. The purchase became effective on June 16, 2006.

 

Founded in 1998, ASIS is the leading manufacturer of cost-effective and easy-to-use solutions that allow image analysts to fully integrate film-based imagery archives into today’s softcopy production environment using an automated process.  The ASIS-developed Zoom 500 Digital series of products can quickly transform a traditional light table stereoscope into a full multi-source digital image exploitation system.  The ASIS ZoomDigital™ and FilmDeskPro™ software products can complete the transformation of a stereoscope into a completely self-contained multi-source image analyst workstation, fully capable of exploiting maps, digital imagery and GIS data.   ASIS software products and integration services provide full-featured, PC-based, multi-source imagery production systems that can pull from a variety of hard and softcopy sources in order to create and disseminate intelligence products. 

 

ASIS is a strategic extension of the current Overwatch Systems product offerings. Overwatch Systems consists of the combined resources of six companies – Austin Info Systems, Federal IT, ITSpatial, Paragon Imaging, Sensor Systems, and Visual Learning Systems – to provide a suite of integrated geospatial and intelligence fusion software tools for the defense/intelligence community.  This toolset, known as the Overwatch Intelligence Center (OIC), focuses on providing situational awareness by enabling analysts to generate relevant, actionable intelligence faster and more effectively for the warfighter, first responder and decision maker. The OIC will contribute to transforming the Intelligence Community with low-cost collaboration tools.  The addition of ASIS to the OIC family will enhance analysts’ productivity by streamlining access to film-based archives of geospatial information.     

 

The senior management of ASIS has chosen to use a portion of its transaction proceeds to invest back into Overwatch Systems and will continue to manage the company. ASIS will report to Kirk Brown, President of Overwatch Geospatial Operations, formerly Sensor Systems, based in Sterling, Va. 

“All-Source Imaging Systems fills a strategic void in today’s workflow environment.  Historically, it has been cost prohibitive to digitize large archives of film-based imagery.  Without a cost-effective solution, there was a real danger this rich source of information would never make it into a softcopy environment and become irrevocably lost.   With ASIS products and services we can offer this capability on an as-needed basis, which saves our customers money.  ASIS products and services are a natural fit with Overwatch Geospatial Operations, extending the integration of both our ELT and RemoteView product series to hardcopy now as well as softcopy,” said Brown. “We are excited to welcome ASIS to the Overwatch team.  ASIS has many important and established customers not only in the US Defense and Intelligence Communities, but across Europe and Asia as well.  We look forward to serving the warfighters, first-responders and decision makers in all of these areas with products and services to increase their productivity.”

Phil Wood, the principal shareholders of ASIS said at the time of the closing, “We’re very pleased to become part of the Overwatch team. We are excited to play a strategic role in extending the reach of Overwatch solutions beyond the softcopy sources of NTM and other sources serving the warfighter into the world of automated capture of hardcopy film.”

 

About Overwatch Systems

Headquartered in Morristown, N.J., Overwatch Systems provides a suite of integrated software tools that enable analysts to generate relevant, actionable intelligence faster and more effectively for the warfighter, first responder and policy maker. Overwatch Systems is investing to provide analysis tools that enable interoperability among the member organizations of the intelligence community. For more information, visit www.overwatch.com.

About Overwatch Geospatial Operations

Overwatch Geospatial Operations, consisting of the combined resources of Sensor Systems, Paragon Imaging, Visual Learning Systems and All-Source Imaging is located in Sterling, VA..  It is a leading developer of desktop applications for rapid visualization and analysis of all-source geospatial information.  Overwatch Geospatial Operations is the provider of the  ASIS, ELT,  RemoteView, and VLS  product families.   Geospatial Operations offers solutions for simple desktop viewing, sophisticated image analysis, precision positioning, multi-spectral analysis, mapping, vector management, feature extraction, hardcopy digitization and geospatial intelligence applications running on UNIX and Windows platforms. Current users include government and commercial organizations around the world. For more information about Overwatch Geospatial Operations and the RemoteView product family, contact the company's sales staff at 703-437-7651, or visit the company web site at www.geospatial.overwatch.com.

 

About Overwatch Systems-Boston Operations

Located in the northern Boston suburb of Woburn, Massachusetts, Overwatch Systems–Boston Operations (formerly known as Paragon Imaging, Inc.) is a leading provider of image exploitation software for government, defense, and related markets. The company specializes in software that complies with the NITF (National Imagery Transmission Format) standard.  The NITF format is an advanced interoperable image format standard for the U.S., allied intelligence, and military users. A leader in the implementation of NITF since the early 1990's,  the ELT Series software spans a full range of capabilities, from high-powered image exploitation and GIS functionality, to image viewing software.  To learn more about Overwatch Systems-Boston Operations or the ELT Series software, please contact them at: 781-937-9800 or visit their website at www.elt.overwatch.com