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Georgia’s Intelligent Systems selling VISaer unit for $3M

April 14th, 2008

NORCROSS, GA–Intelligent Systems Corp. is selling its VISAER unit, which sells software to the aircraft maintance and engineering industry, to IBS Technics for $3 million.

IBS Technics, part of the India-based IBS Group, will pay anotehr $1.5 million in guaranteed minimum earn out payments.

On the Web: www.intelsys.com

 

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