Assets of FORTEL Inc. Acquired by DivestCap Management Corporation
April 28th, 2003
On April 23, 2003 the Bankruptcy Court of Northern California, Oakland Division, approved the sale of substantially all of the assets of FORTEL Inc. (FORTEL) to DivestCap Management Corporation ("DivestCap"). The transaction closed on April 28, 2003. The new company will operate under the name SightLine Systems and be headquartered in Fairfax, Virginia.
DivestCap has assumed full control of FORTEL's operations, retaining the product development, customer service, and product support teams. These veteran teams will build on SightLine Systems' 20 years of leadership in the performance monitoring and capacity planning market, while drawing on DivestCap's substantial human and financial resources to drive the SightLine product family forward worldwide.
"This day marks a turning point for the SightLine product line," said Charles Hale, President, DivestCap Management Corporation, "with DivestCap's backing and the skills of its veteran teams employed going forward, SightLine Systems will continue to build on its traditional performance modeling and capacity planning offerings while supporting existing customers and making customer satisfaction our Number One priority."
"SightLine Systems is already operating in Fairfax with its executives, engineering, sales and marketing infrastructure. Our immediate goal is to ensure a smooth transition, providing all of our worldwide customers with the highest level of support," said Gordon Pell, General Manager. "With a more dedicated team than ever, we will ensure more presence in the field and establish tighter and closer communication with our customers."
"We are excited to carry on with this new, stronger entity, more focused on its strategy and customers. We feel confident that with the combination of robust technology and highly experienced management, we are ready to set SightLine Systems it on its way to continued success."
About SightLine Systems
THE KEY TO PERFORMANCE INFORMATION. SightLine Systems provides the first real-time performance management solution that assures business end-to-end service-level goals. SightLine System's SightLine suite is based on analysis and correlation software that has been applied and tuned for more than 20 years in the systems management performance arena by customers in finance and banking, defense management, manufacturing, retail services and government. SightLine Systems counts among its customers many of the world's largest and most well known organizations and enterprises. The Company is headquartered in Fairfax, VA, and can be contacted at (703) 385-7700 or by visiting its interim web site at www.fortel.com.
DivestCap specializes in acquiring and managing information technology companies. With over $100 million in capital and 30 years of investment and operational experience in the computer hardware and software industries, DivestCap has the resources and expertise to build value, enabling each investment to realize its potential. DivestCap's mission is to create value for the acquired company's customers by making customer satisfaction the cornerstone of our management approach. You may find additional information regarding DivestCap at www.divestcap.com.
click here for full story