Sagewind Capital-backed By Light, an IT service management company, agreed to acquire Cole Engineering Services, an industry-leading, full spectrum (live, virtual, constructive and gaming) training and analysis developer, integrator and services provider. Financial terms were not disclosed. "We are excited to welcome Cole Engineering, with its deep engineering and software development capabilities, to the By Light family. We expect that the business will continue to experience significant growth given the combination of its strong footprint in the modeling, simulation, and training market with By Light’s comprehensive stable of contract vehicles.” Bob Donahue Jr., Founder and CEO of By Light.