ITT announces acquisition of CreaSo

10 August 2010, 11:22am

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.”

ITT Visual Information Solutions

Geo: International