Invision.com Inc., the Commack-based technology company
that rode the dot-com boom and survived the bust, has been purchased by a
Boston-area company in a move that maintains the Long Island operation as a
wholly owned subsidiary.
Invision founder and chief executive Tyler Roye said all 110 of Invision's
employees will remain with the new parent company, mindSHIFT Technologies Inc.
of Waltham, Mass.
Roye, who becomes a senior executive officer of mindSHIFT, declined to
discuss terms of the deal.
Invision was one of a few high-profile local companies to successfully
navigate the turbulent dot-com period of the past decade. Roye said the
continued need for technology services helped the company through the bust.
Invision's focus on managed hosting services and e-business applications melded
well with mindSHIFT's strengths in managed desktop and Internet voice
applications, he said.
The two companies had been in discussions for about a year, Roye said,
around the time Invision first decided to court potential suitors after 12
years on its own. The deal is structured as a merger, Roye said, but "we are
clearly owned." Roye, who reported to Invision's board and undisclosed
investors, now reports to mindSHIFT chief executive Paul Chisholm.
Roye declined to disclose Invision's annual revenue figures, but he noted
that 2006 revenue increased 35 percent over the previous year and that 2007
revenue is exceeding a projected 42 percent increase. In 2001, the company was
reported to have $9 million in revenue. Roye said the company has been
profitable in "most" quarters since 2002.