Britain’s BAE Systems on Thursday said it agreed to acquire Signal Innovations Group, Inc. (SIG), a provider of imaging technologies and analytics to the United States intelligence and defense markets.
Terms of the deal were not disclosed. SIG, which was founded in 2004 and is based in North Carolina, has 35 employees. The acquisition is being made by BAE’s U.S.-based arm, BAE Systems, Inc., and will become part of the intelligence & security business. The deal is expected to close in the third quarter pending regulatory approvals.
A spokesman for BAE Systems, Inc., said the acquisition is aimed at “enhancing BAE Systems’ capabilities to meet U.S. intelligence and defense customers’ dynamic and evolving needs for geospatial data analysis and exploitation.”
BAE also expects to bring SIG’s technologies to commercial markets.
“Combining SIG’s technologies with our existing intelligence tools and analysis capabilities will enhance our customers’ ability to analyze tactical and strategic intelligence from around the globe,” DeEtte Gray, president of BAE Systems’ intelligence & security division, said in a statement. “Together, we have the potential to leverage our capabilities and bring this technology to a number of innovative commercial applications in an affordable way.”
SIG provides full-motion video, persistent wide area motion imagery, and multi-intelligence analytics software, hardware and services for use with multiple sensor and data types. The company is supplier to BAE’s intelligence & security business on a number of programs.
SIG’s financial advisor on the deal is Chertoff Capital.