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Sightline Innovation announces the acquisition of COSAM Systems Inc. of Aurora, Ontario.


Sightline Innovation announces the acquisition of COSAM Systems Inc. of Aurora, Ontario.

TORONTO, Feb. 27, 2013 /CNW/ - Sightline specializes in the design and development of high technology software systems that take full advantage of leading-edge open source projects. At the same time, Sightline leverages its world-class expertise with mobile technology, messaging systems, "big data" and unstructured databases. Sightline offers both application development services based on a FTE (Full Time Equivalent) model and synthetic vision software systems based on its own VtiS (Vision, Telemetry and Intelligence Systems) framework. Sightline has various strategic relationships/projects with multiple Ontario Universities and Colleges, and deploys a "top talent" process to recruit the very best programmers and computer scientists.

COSAM Systems was founded in 2010 by a team of IBM Systems experts with extensive operational knowledge, industry expertise, IBM Systems expertise and large-scale education, certification, project management and consultative selling experience. COSAM has operations located in Canada, USA, Europe/Africa and Singapore. COSAM's mission is to improve the affordability of modernization of IBM customer systems through extensive use of Cloud, Open Source, Analytics and Mobile technology.

Sightline CEO, Wallace Trenholm and Mark Buchner, co-founder of COSAM Systems Inc., agree: "The acquisition of COSAM Systems Inc.,  opens the door for Sightline Innovation to accelerate it's long standing commitment to open-source software development through game-changing modernization of IBM systems. Typically, legacy software has prevented clients from fully exploiting web, mobile, cloud and big data technologies."

The acquisition strengthens Sightline Innovation in the areas of Business Development expertise including Mergers and Acquisitions, To-Market Strategy, Intellectual Property Analysis, Branding and Logos. Sightline can also assist customers with IRAP, SR&ED grants, and Business Case development for investors and venture capitalists.

Andre M Boisvert, former Senior Vice President of Marketing at Oracle Corporation and former President & COO of SAS Institute Inc., in addition to being a co-founder of COSAM Corporation, is currently a Director of several prominent Open Source and Software as a Service companies, such as Infobright Corp., Zend Technologies Inc., Palamida Corp., Emailvision Inc., Webtrends Corp., Transera Communications, Inc., and Clario Analytics Inc. In regards to Sightline's acquisition of COSAM Corporation, Boisvert commented "As witnessed by the name we attached to the company Cloud, Open Source, Analytics and Mobile, we saw a tremendous opportunity to modernize legacy systems by leveraging game-changing open source, cloud, mobile and analytics technologies. Sightline Inc. does not only share in COSAM's vision and passion, they have the complimentary talent and resources that will permit the combined entity to capitalize on this growing market opportunity".

Sightline Innovation Inc. is a rapidly growing software development company located in Toronto, Ontario which was founded in 2006. This is the same year Founder and CEO, Wallace Trenholm, sold his last company, Epoch Integration Inc, to Research in Motion (RIM).

Mark Buchner Vice President - Business Development (905) 713-9700, mbuchner@sightlineinnovation.com

SOURCE: Sightline Innovation Inc

To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/February2013/27/c8472.html

CO: Sightline Innovation Inc ST: Ontario NI: ARO SOF INTERNET MNA

-0- Feb/27/2013 12:00 GMT

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