By Light Professional IT Services LLC, a systems integrator providing reliable, cost-effective IT, leading edge training & simulation platforms and cyberspace operations to federal and commercial clients, and a portfolio company of Sagewind Capital LLC, announced that it has acquired Veraxx Engineering Corporation. Veraxx is a leading provider of immersive, high-fidelity flight simulation training technologies primarily for the U.S. Department of Defense (“DoD”). Financial terms of the transaction were not announced.
Latest ITechnology News: ePlus Announces Microsoft Azure Cloud Managed Services General Availability
Headquartered in Chantilly, VA, Veraxx provides full life cycle support, development, and enhancement of flight simulation training devices and exercises for its customers, including, but not limited to, customized flight training devices (FTD’s), hardware and software, and ongoing maintenance and customizations as the platform and military training mission evolves. Veraxx supports training efforts primarily for the U.S. Navy, U.S. Marine Corps, and U.S. Army, and has expertise in a wide variety of aircraft platforms such as the V-22 Osprey, CH-53 King Stallion, and MH family of helicopters.
Latest ITechnology News: iSoftStone Joins the Cloud Native Computing Foundation as a Gold Member
“The acquisition of Veraxx strategically broadens By Light’s existing capabilities within modeling & simulation and virtual training,” said Bob Donahue, Founder and CEO of By Light. “Veraxx further enhances our efforts to expand our product offerings and technology solutions. We look forward to augmenting By Light’s synthetic training environment capabilities to include Veraxx’s full-flight simulators and expand our expertise to include additional platform aircraft.”
“We are thrilled to join the By Light family,” said Chris Conrad, Co-Founder and CEO of Veraxx. “By joining By Light, we’ll be able to combine our core capabilities to offer an expanded set of products and services. We are looking forward to working together as part of a greater team that aligns so well with our existing culture and commitment to our customers.”
Latest ITechnology News: Cboe Global Markets to Migrate Corporate Data and Analytics Platform to Snowflake Data Cloud
[To share your insights with us, pitelease write to sghosh@martechseries.com]
