ITT Exelis Inc. has acquired Space Computer Corp., a Los Angeles-based firm that produces real time signal processing systems, software and algorithms for the full exploitation of hyperspectral sensor data.
Financial details of the deal were not disclosed.
Hyperspectral sensors are installed on a large number of satellites, manned aircraft and unmanned aerial vehicles and are employed to detect and locate hidden or obscured targets, to cue other sensors for further verification, and to downlink data in real time to analysts and other end users.
Space Computer, which will become a part of Rochester-based Exelis Geospatial Systems, has provided technology for nearly every U.S. military hyperspectral sensor produced since 1996.
Last year, Space Computer generated $14.1 million in revenue. It currently employs some 37 people.
“Space Computer Corporation’s solutions address the challenge of data processing, an area of concern for a wide variety of our existing customers, as well as the military and intelligence communities overall,” said Danny Rajan, director of emerging offerings at Exelis Geospatial Systems, in a statement. “This acquisition aligns well with both our business strategy to be the leading provider of data processing, exploitation and dissemination solutions and with our desire to grow our technical capability in helping customers collect critical data and expediently process it to support decision-making.”
(c) 2012 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or e-mail email@example.com.