SCHAUMBURG, Ill.--(BUSINESS WIRE)--Sparton Corporation (NYSE:SPA) announced that its wholly owned subsidiary, Sparton Design Services, LLC completed the acquisition of Real-Time Enterprises, Inc., a $4 million revenue business, on January 20, 2015 in an all-cash transaction. RTEmd will continue to service its current and future customers out of its Pittsford, NY location.
RTEmd, founded in 1981, is a leading developer of embedded software to operate medical devices and diagnostic equipment through a disciplined approach to product development and quality/regulatory services with specific product experience such as patient monitoring, medical imaging, in-vitro diagnostics, electro-medical systems, surgical applications, ophthalmology, nephrology, infusion pumps and medical imaging. RTEmd is skilled at working within the customer’s or its own compliant Quality Management System (QMS) supported by a quality & regulatory team that is clinically trained and experienced with FDA regulations and ISO 13485, ISO 14971, ISO 9001, and IEC 62304 compliance. From requirements through submission, RTEmd reduces their clients’ risk by ensuring software is developed in order to execute the regulatory strategies for medical device compliance.
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