Netsmart Technologies Acquires Assets of Advanced Institutional Management Systems (AIMS)

May 21, 2001 Netsmart Technologies Acquires Assets of Advanced Institutional Management Systems (AIMS) On May 14, 2001, Netsmart Technologies of Islip, Long Island, New York, through its wholly-owned subsidiary, Creative Socio-Medics (CSM), announced that it acquired the intellectual property and certain assets of Advanced Institutional Management Systems (AIMS) of Syosset, Long Island, New York. The acquisition took place for an undisclosed combination of cash and stocks. AIMS, established in 1976, has developed and markets information system solutions for correctional facilities and specialty health care sites. Netsmart sees the AIMS client base as very attractive both because its customer . . .