• Sun. Apr 21st, 2024

CTI Expands Its Offerings with Acquisition of Assymetric Technologies

BySamantha Nguyen

Apr 2, 2024
Chesapeake Technology purchases a company that specializes in communication and autonomy products.

Assymetric Technologies, a company that specializes in products for edge communications and flight autonomy programs in the defense and national security sectors, has recently been acquired by Chesapeake Technology International (CTI). This acquisition is part of CTI’s efforts to expand its portfolio of capabilities in technology transition and system interoperability. The terms of the transaction were not disclosed when it was announced on Thursday.

CTI plans to integrate Assymetric’s IronClad and Whisper systems into its existing offerings for the military’s unmanned system requirements. This move is seen as a way to enhance CTI’s ability to provide comprehensive software and purpose-built hardware products and solutions to its customers.

Jay Moorman, the CEO of CTI, expressed his excitement about the acquisition and stated that it aligns with the company’s strategy to invest in addressing evolving national security needs. CTI is supported by Bluestone Investment Partners, which acquired a majority ownership of the defense technology integrator in 2021. Bluestone Investment Partners also facilitated the purchase of Rapid Imaging Technologies prior to the acquisition of Assymetric Technologies.

Assymetric Technologies was established in 2011 and is known for its expertise in open source software, flight control, and waveform technology. With this acquisition, CTI aims to strengthen its position as a leading provider of technology solutions for defense and national security applications.

By Samantha Nguyen

As a content writer at newsqwe.com, I am passionate about crafting engaging and informative articles that captivate our audience. With a background in journalism and a keen eye for detail, I strive to deliver content that is not only well-researched but also adds value to our readers' lives. From breaking news stories to in-depth features, I take pride in my ability to tell compelling stories that resonate with our diverse audience. When I'm not typing away at my keyboard, you can find me exploring new cafes, practicing yoga, or getting lost in a good book. I am thrilled to be a part of the newsqwe.com team and look forward to sharing my love for writing with all of our readers.

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