Raytheon acquires analytics business
Acquisition includes software solutions focused on advanced data analytics and information sharing
DULLES, Va., June 27, 2013 /PRNewswire/ -- 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.
"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.
Raytheon Company, with 2012 sales of $24 billion and 68,000 employees worldwide, is a technology and innovation leader specializing in defense, security and civil markets throughout the world. With a history of innovation spanning 91 years, Raytheon provides state-of-the-art electronics, mission systems integration and other capabilities in the areas of sensing; effects; and command, control, communications and intelligence systems; as well as a broad range of mission support services. Raytheon is headquartered in Waltham, Mass. For more about Raytheon, visit us at www.raytheon.com and follow us on Twitter @raytheon.
SOURCE Raytheon Company