Isera has been acquired by Envisage

ENVISAGE Technologies Acquires Key Strategic Assets of Software Equity Group’s Client Isera

San Diego, CA, October 11, 2005 - Software Equity Group, LLC (SEG), a leading investment bank and M&A Advisor for privately-held software companies and IT service providers, announced today the acquisition of ISERA's Intellectual Property and Key Personnel by ENVISAGE Technologies, the leader in Human Capital Management and Training Automation technology for the Law Enforcement and Homeland Security verticals. Separately, ENVISAGE has also recently hired key former employees of ISERA, a leading provider of software for complex scheduling and resource optimization, serving the military, government, emergency services and commercial sectors. The acquisition and the new hires positions ENVISAGE as the dominant provider of enterprise-class training automation and complex scheduling within the Department of Defense.

The combined engineering team has been charged with accelerating the development of next-generation software modules for ENVISAGE's Acadis™ Enterprise Suite. New modules to be released next year will be focused on enabling Human Performance Improvement (HPI) and enhancing the Acadis™ Automated Intelligent (AI) Scheduler engine with new functionality aimed at solving the increasingly complex scheduling and logistical requirements for training organizations. In addition to the powerful synergies between the ISERA complex scheduling engine and the ENVISAGE Acadis™ Enterprise Suite, ENVISAGE announced it will soon release additional advanced modules to its core Acadis™ platform, including capacity planning, student housing, and robust management reporting.

"The ISERA software has successfully addressed a core niche in training management for Department of Defense users," said Kurtis Speer, ENVISAGE's Vice President of Business Development. "Now ENVISAGE can provide support to current ISERA customers for the foreseeable future, while working with those customers to define a seamless migration path to the next-generation technologies that are specifically focused on the Armed Forces training environment. This parallel approach to providing current ISERA customers with world-class solutions will allow us to support ongoing customer operations and to address strategic needs in the areas of Human Performance Improvement, range management, and enterprise-class complex, blended scheduling."

"We welcome ISERA's loyal clients into the growing community of ENVISAGE customers worldwide," said Ari Vidali, ENVISAGE CEO. "With a number of the largest DHS agencies and state law enforcement organizations, our thriving customer base is one of the most dedicated and valuable providers of Homeland Security workforce readiness within our Nation. The strategic acquisition of ISERA's complementary assets will enable ENVISAGE to offer a powerful suite of next generation, enterprise software to the Armed Forces while strengthening the core technology for our Homeland Security clients. We will continue to build and acquire the necessary technologies to provide the most comprehensive workforce readiness solutions to our clients worldwide."