Software manufacturer Northport Systems announced that its president, Robin Martel, acquired the company.
Effective immediately, Martel will succeed chairman Sam Rea as owner of the Fugawi desktop and mobile software manufacturer and the X-Traverse.com online chart subscription service.
Terms of the deal were not disclosed.
"I am proud to introduce Robin as the new president and CEO of Northport Systems," Rea said in a statement. "In his tenure as president, his tireless work, commitment to innovation and knowledge of this industry has been instrumental to the company and its customers."
Martel joined Northport Systems as business development manager in 2002 and became the company's president three years later. Prior to joining Northport Systems, Martel co-founded and led New Zealand-based GPS Control Ltd., working as its managing director and technical manager; held directorial positions with Pico Data Ltd. and Expressway Group Ltd.; and was the marketing manager, sales engineer and IT manager for Geo-Systems Ltd.
He is a graduate of Queen's University in Kingston, Ontario.
"Purchasing Northport Systems is a thrill and the realization of a longtime goal," Martel said in a statement. "I have a fresh vision with exciting new directions for the company that will elevate us from a software producer to a true solutions provider. I look forward to introducing our stakeholders, partners and customers to the new Northport Systems."