Announced
Completed
Financials
Tags
Private Equity
Domestic
United States
Majority
Completed
simulations
Defense
defense solutions
Friendly
Acquisition
Private
Single Bidder
Synopsis
Sagewind Capital-backed By Light Professional, a systems integrator providing IT, leading edge training & simulation platforms and cyberspace operations, completed the acquisition of Veraxx Engineering, a provider of immersive, high-fidelity flight simulation training technologies. Financial terms were not disclosed. “The acquisition of Veraxx strategically broadens By Light’s existing capabilities within modeling & simulation and virtual training. 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," Bob Donahue, By Light Founder and CEO.
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