Simtrol, Inc. (SMRL.OB) Sells Vistor™ and Scheduler™ Products to Strike Industries
Today, innovative enterprise-class software solutions developer, Simtrol, Inc. , announced the sale of its Visitor(TM) and Scheduler(TM) products to its partner Strike Industries, Inc. The transaction grants Strike Industries the right to modify, advertise, promote, market and license the software. As per the terms of the agreement, Simtrol will receive a cash payment, a secured note, plus a royalty stream from future sales of the software. The products support and enable software-based management and delivery of prisoner visitation in a truly scalable and cost-effective way. Oliver Cooper, Simtrol President and CEO, stated, "We are excited to leverage Strike's deep industry…