Boeing [NYSE: BA] today announced that it has signed an agreement to acquire Inmedius, a provider of software applications and services for managing and sharing information and learning content. Inmedius will be integrated into Boeing subsidiary Continental DataGraphics (CDG) in support of Boeing's Digital Airline strategy.
The acquisition will enable Boeing to offer an expanded portfolio of technical services and solutions for aerospace, defense and manufacturing markets. Inmedius solutions will also bring new efficiencies to technical content management across Boeing's commercial and defense programs.
The acquisition contributes to Boeing's Digital Airline strategy of helping customers use information, airplane technology and industry-first solutions to make the most well-informed decisions possible for maximizing efficiency, profitability and environmental performance.
Inmedius has approximately 75 employees and is headquartered in Pittsburgh, PA, with additional field office locations in Maryland and Colorado and the U.K. and India. It has a diverse customer base drawn from commercial aerospace and defense businesses, including Boeing, as well as other manufacturing and service industries. Inmedius President and CEO Gary L. Schaffer will continue to lead the business, reporting to CDG President and CEO David Malmo.
"Inmedius has impressive technical capabilities, backed by an outstanding culture of innovation and entrepreneurial drive to develop the right solutions for its customers," said Malmo. "CDG has worked with Inmedius for a number of years in the S1000D technical publications standards community. We believe its team and products will be strong complements to our capabilities in technical authoring, eLearning, and software development, which will ultimately drive enhanced solutions for our customers."
Per Noren, vice president of Information Services for Commercial Aviation Services, noted, "Boeing is committed to giving customers an edge in the marketplace by helping them connect their data and transform it into actionable, real-time information. The acquisition of Inmedius will bring additional capabilities and a talented team to help us continue developing truly innovative solutions for our customers."
"We are pleased that Boeing values our products and personnel and look forward to joining the Boeing team. Inmedius will now have access to increased resources for customer support, engineering and new product development, combined with long term financial stability and a broader global reach to support our customers worldwide," added Schaffer.
Inmedius is privately held and the terms of the transaction are not being disclosed. The transaction is expected to be completed during the second quarter of 2012.
Source: The Boeing Company (NYSE: BA)
Date: Apr 26, 2012