Raytheon acquires analytics business
- Acquisition includes software solutions focused on advanced data analytics and information sharing
Raytheon Company (NYSE: RTN) has acquired a privately held company, Visual Analytics Incorporated, further extending Raytheon's capabilities to meet the data analytics, data visualization and information sharing needs of its customers. Terms of the transaction were not disclosed.
As one of the largest processors of data for the intelligence community, Raytheon has extensive experience handling large data sets and providing actionable information to its customers. The acquisition of Visual Analytics will add advanced analytic products and knowledge management solutions with intuitive user interfaces to Raytheon's offerings to its customers. It will also broaden the company's customer base in federal, state and local law enforcement.
Global Military Vetronics Market 2015-2019
"The addition of Visual Analytics will further strengthen Raytheon's capabilities in the area of data analytics," said Lynn Dugle, president of Raytheon's Intelligence, Information and Services (IIS) business. "This will allow us to bring new, innovative visualization offerings to our customers as they address the continuous challenge of increasing analyst efficiency and effectiveness while transforming data into actionable intelligence."
Under IIS with the new name of Raytheon Visual Analytics, the Frederick, Md.-based business will retain the services of CEO and co-founder Chris Westphal as its general manager, while president and co-founder David O'Connor will continue as chief technology officer.
Your company’s press release on ASDNews and to thousands of other journalists and editors? Use our ASDWire press release distribution service.
Source : Raytheon Corporation (NYSE: RTN)
Mar 29 - 30, 2016 - Washington, United States