Ottawa, Ontario, October 11, 2007: Black Coral Inc. (www.blackcoral.net) today announced that it has closed its acquisition of substantially all of the assets of SoftRisk Technologies Ltd. (www.softrisk.com), including but not limited to all intellectual property, trademarks, and customers. In particular, Black Coral has purchased the SoftRisk emergency management software, a critical incident management program used by customers in Canada and the United States to manage major events, emergencies and disasters
"We are excited about the acquisition of the SoftRisk technology because it perfectly complements the capabilities of our situational awareness and information exchange products", stated Douglas Duncan, President and CEO of Black Coral. "This acquisition positions Black Coral as the only company able to provide customers with critical incident management software that includes an integrated situational awareness capability from a single source complete with end-to-end service and support."
"This is just smart business", stated Jim Fraser, President of SoftRisk Technologies Ltd. and new member of the Black Coral team. "Black Coral offers products and services that are complementary to SoftRisk, and this acquisition provides the public safety and security market with a more complete solution set."
About Black Coral Inc. Black Coral Inc., an Ottawa, ON based company, creates software solutions that offer advancements in the usability of geo-referenced information for the public safety and defence sectors. We specialize in map-based technologies that allow participants to collaboratively plan, manage and execute emergency response and tactical strategies. Black Coral currently provides advanced geo-spatial solutions for customers such as Public Safety Canada and the Department of National Defence. For more information about Black Coral, please see www.blackcoral.net or contact Don Williams at 613 216 8833 or don.williams@blackcoral.net.
About SoftRisk Technologies Ltd. SoftRisk Technologies Ltd., of Toronto, ON, has been a leading developer and supplier of critical incident management software since 1990. SoftRisk products have been used by government agencies at all levels internationally to plan for special events as well as to manage major emergencies and disasters.