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iDirect Acquires Parallel Limited
VT iDirect, Inc. (iDirect), a company of VT Systems Inc (VT Systems), today announced that it has acquired UK-based Parallel Limited, the developer of the award-winning SatManage network management software suite. Through a cash transaction, iDirect purchased 100 percent of Parallel’s equity shares as well as full ownership of SatManage. Parallel’s chief technology officer and entire development team will join iDirect’s engineering group. iDirect is a world leader in satellite-based IP communications technology.
SatManage integrates and automates nearly every element of a Network Operations Center to improve network performance. A rich set of monitoring features provides total visibility to every aspect of a network, along with predictive response capabilities and powerful tools to resolve network issues in real time. SatManage also delivers a high-capacity database which enables service providers to track and analyze network performance statistics and leverage this data to optimize customer implementations. Further, service providers can share network management tools and reports with customers through a Web-based portal.