BOULDER, Colo. – August 10, 2010 – ITT Visual Information Solutions (ITT VIS), a subsidiary of ITT Corporation (NYSE: ITT), and a developer of software products for data visualization and image analysis, today announced that it has completed the acquisition of Creative Software Systems GmbH, (CreaSo). CreaSo provides software solutions for data analysis and visualization and distributes ITT's IDL, ENVI and IAS software products in Germany, Austria, Switzerland and The Netherlands.
“Over the past 18 years, CreaSo has been a true and respected partner of ITT, growing not just the use of our products, but also supporting the growth of scientific and remote sensing professionals and programs throughout the region,” said Richard Cooke, president of ITT Visual Information Solutions. “As CreaSo becomes ITT Visual Information Solutions Germany, our highest priority is continuing to provide the highest level of service and support to existing customers, while growing our pan-European presence to better address the future needs of this growing market.”
The acquisition expands ITT’s ability to directly support the growing markets for its software products in Germany, Austria, Switzerland and The Netherlands and to deliver world class product and services to meet the greater European demand for integrated software solutions that support pan-European scientific analysis and remote sensing initiatives.
“We have enjoyed a very long and beneficial partnership with ITT in providing the software products and added services that have helped our clients succeed in challenging scientific, research and commercial endeavors,” said Bernhard Kortmann, president and CEO of CreaSo. “The acquisition of CreaSo by ITT will ensure that our clients continue to receive the advanced tools they need to meet the challenges of today and the coming years.”
“CreaSo’s market presence and business values are a perfect complement to our existing ITT Visual Information Solutions Europe’s initiatives,” stated Nick Fernando, managing director, European operations. “With the completion of this acquisition we are now eager to begin integrating the outstanding CreaSo team.”
For more information about ITT Visual Information Solutions, visit www.ittvis.com.
About ITT Visual Information Solutions
ITT Visual Information Solutions, a subsidiary of ITT Corporation, provides integrated software solutions that help scientists, engineers, researchers, and medical professionals turn complex data into useful information. The company’s 150,000 customers from more than 80 countries use IDL, ENVI and IAS to analyze data and imagery and deploy imaging applications. ITT Visual Information Solutions’ products are used in a variety of industries, including remote sensing, engineering, earth sciences, aerospace, defense and intelligence, medical imaging, oil and gas exploration and biotechnology. Combined with a host of support services including training, consulting and technical support, ITT Visual Information Solutions offers the most complete data visualization, image analysis and image delivery solutions available. For more information visit: http://www.ittvis.com/.
About ITT Corporation
ITT Corporation is a high-technology engineering and manufacturing company operating on all seven continents in three vital markets: water and fluids management, global defense and security, and motion and flow control. With a heritage of innovation, ITT partners with its customers to deliver extraordinary solutions that create more livable environments, provide protection and safety and connect our world. Headquartered in White Plains, N.Y., the company reported 2009 revenue of $10.9 billion. www.itt.com.