Press Release
Verano Purchases Assets of Computerized Processes Unlimited LLC
RTAP Customers Benefit from Application Developer Expertise and Immediate Availability of CPU's Professional System Design and Development Services
MANSFIELD, Mass., May 5, 2004
Verano, Inc., the leading provider of security solutions for mission-critical industrial operations, today announced the asset purchase of Computerized Processes Unlimited (CPU) LLC, a wholly owned subsidiary of MS Benbow and Associates. Founded in 1985, CPU is a leading provider of application engineering services to Fortune 100 companies in mission-critical industries including energy, power and process manufacturing.
"The CPU team has been developing RTAP applications since its inception in 1991," said Keith Bouvier, former president of CPU. "Verano's purchase of CPU signifies its commitment to the future investment and enhancement of the RTAP mission-critical SCADA platform. We're proud to directly participate with the development team in furthering the development of RTAP and with the executive management team in the continued development of this business we know so well."
CPU's team of engineers have extensive experience analyzing, configuring and managing new and legacy supervisory control and data acquisition (SCADA) systems in the chemical, oil and gas production, gas pipelines and distribution, marine ballasting and positioning, pulp and paper, biopharmaceutical, food and beverage and manufacturing industries. Their experience and knowledge enables them to recommend, implement, deploy, optimize, troubleshoot, enhance and effectively utilize Verano's RTAP real-time control platform. Some of CPU's customers include Amgen, ARCO, Cargill, Chevron/Texaco, Dow, IBM, International Paper, Shell and Siemens.
"We are very excited about entering the system integration and application development business through our acquisition of CPU," said Brian Ahern, president and CEO of Verano. "With the addition of CPU's RTAP expertise and knowledge, Verano customers benefit from the immediate availability of professional system design and development services, and from new Verano products designed with direct input from experienced RTAP application developers. The result is a superior product and service offering, strengthening Verano's position as a leading provider of secure control solutions to mission-critical industrial operations."
In addition to offering application development, system design and system integration services, a new office, located in Metairie, Louisiana, will serve as Verano's new extended 24/7 technical support and remote application monitoring center.
About Verano
Verano, Inc., the SCADA security company, is the only company that offers a full security life-cycle solution for the real-time SCADA and control environments. The company is a trusted supplier to more than 300 industrial enterprises in power generation, utilities, energy, transportation, chemicals and process manufacturing industries. These customers represent more than 3,000 global system installations.
A privately held company founded in 1996, Verano is headquartered in Mansfield, Massachusetts, with major operations in Calgary, Canada, Houston, Texas, and Wilmington, Delaware. Additional information about Verano is available on the Web at www.verano.com.
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Verano, Inc., the SCADA security company, is the only company that offers a full security life-cycle solution for the real-time SCADA and control environments. The company is a trusted supplier to more than 300 industrial enterprises in power generation, utilities, energy, transportation, chemicals and process manufacturing industries. These customers represent more than 3,000 global system installations.
A privately held company founded in 1996, Verano is headquartered in Mansfield, Massachusetts, with major operations in Calgary, Canada, Houston, Texas, and Wilmington, Delaware. Additional information about Verano is available on the Web at www.verano.com.
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Contacts
| Todd Nicholson | Meredith Robertson | |
| Industrial Defender, Inc. | SHIFT Communications | |
| +1 (508) 718-6705 | +1 (617) 779-1830 | |
| tnicholson@industrialdefender.com | mrobertson@shiftcomm.com |