CriticalControl closes acquisition of SCADANet from Matrikon(TM)

    CALGARY, July 2 /CNW/ - CriticalControl Solutions Corp., (TSX-V:CCZ)
today announced that it has closed the acquisition of a web-based Supervisory
Control and Data Acquisition (SCADA) business called SCADANet from Matrikon
Inc. (TSX:MTK) as contemplated in its June 23, 2008 press release. SCADANet is
a competitor product to CriticalControl's NetFlow, a proprietary, web-based
measurement and control application used by gas producers to track gas
production and manage electronic devices at gas wells that are monitored using
electronic flow measurement devices.
    "The addition of SCADANet's customer base and over 500 metering points to
our integrated solution strengthens our core business offering," said Alykhan
Mamdani, President and CEO of CriticalControl. "We look forward to enhancing
value to our combined client base at an ideal time, as we contemplate an
increase in oil and gas exploration activity in 2008 and 2009."
    The SCADANet acquisition is expected to add $500,000 of annual recurring
revenue. At closing, one employee from Matrikon joined CriticalControl to
ensure a smooth transition and continue to support SCADANet customers. The
purchase price of $800,000 was paid in cash at closing. As with
CriticalControl's other products for gas producers, including NetFlow,
production data from SCADANet will be integrated into CriticalControl's
ProStream database.

    About ProStream:

    ProStream is a current development initiative by CriticalControl to
consolidate the various forms of data associated with gas production and to
reduce the significant time burden related to managing redundant and
conflicting production data. ProStream is built to answer the industry's need
to contain administrative costs, increase data integrity and leverage
essential production data to empower our clients to make informed decisions
related to their operations.
    CriticalControl's proprietary applications and services will feed the
ProStream database, providing it with production and related data from over
100,000 distinct measurement points, creating Canada's largest source
repository of production data.

    About CriticalControl:

    CriticalControl is a technology company that builds, implements and
manages critical business process solutions. Our proprietary products are data
management tools to operate the critical business operations of our government
and energy sector clients. In addition to our proprietary products, we
implement large scale document and records management solutions using our
strong domain expertise and in depth knowledge of our customer base. Where
critical processes require unconditional continuity, our clients look to us to
manage and perform certain operational functions on a short term or long term,
outsourced basis. For more information please visit

    This media release may contain certain forward-looking statements that
reflect the current views and/or expectations of CriticalControl Solutions
Corp. with respect to their respective performance, business, and future
events. Such statements are subject to a number of risks, uncertainties, and
assumptions as outlined in the Company's filings with the Canadian securities
regulatory authorities. Actual results and events may vary.

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this press release.

    About Matrikon

    Matrikon ( is a leading provider of integrated
industrial intelligence solutions that enable manufacturing plants to achieve
operational excellence by transforming production data into knowledge to
predict and prevent problems and optimize operations. Matrikon's customers
achieve agile operations through the combination of external market and plant
data to make informed, intelligent decisions in real-time. With offices in
major cities throughout North America, Australia, Europe and the Middle East
and a global client base including industry leaders in a wide range of process
industries, Matrikon's reach is global.

    Matrikon is a registered trademark of Matrikon Inc.

For further information:

For further information: Alykhan Mamdani, President & CEO, Tel (403)
705-7500; or David Feick, The Equicom Group, Tel (403) 538-4787,

Organization Profile


More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890