Portfolio company-related news
Portfolio company Sightline awarded a
significant agreement for
Software and Maintenance Services by US Government Client
Oak Capital hereby announces that investment portfolio company,
Sightline Holdings Corporation (Sightline) recently closed through
Unisys Corporation a significant agreement with a US Government
client valued at over 5.2 million USD (approx. 470 million yen) for
the provision of software and maintenance services utilizing the
Sightline Performance and Capacity Management software.
(Press Release: http://www.sightlinesystems.com/index.php?option=com_content&task=view&id=31&Itemid=69)
For the current fiscal year, Sightline's business has build on
solid growth thanks to its far-reaching customer base which includes
major airlines and financial institutions concentrated in the US and
Europe as well as several US government agencies.
Earlier this year, Sightline launched a full-scale sales
operation within the Asian region including Japan raising hopes for
continued business expansion.
On October 5, 2009, Oak Capital acquired its current 30% stake in
the Sightline Group.
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