Hello, Guest!
  • Sunday, November 17, 2024

By Light to Buy Simulation Tech Maker Cole Engineering


Jeff Brody

By Light Professional IT Services has agreed to buy Cole Engineering Services, a developer of simulation-based technology platforms for military use.

Both companies expect to close the transaction during the fourth quarter, pending approval from Cole Engineering’s shareholders and clearance by federal regulators, By Light said Thursday.

Bryan Cole, co-founder and CEO of Cole Engineering will join the board of directors at By Light upon the deal’s closure.

The deal would mark By Light’s fourth acquisition since the McLean, Va.-based company was acquired by investment firm Sagewind Capital in 2017.

Orlando-based Cole Engineering offers support to federal customers through multiple contract vehicles and has developed simulation architectures for training and engineering purposes.

Video of the Day

Related Articles

VTG Acquires Digital Transformation Services Provider Vana Solutions; John Hassoun Quoted M&A Activity

VTG Acquires Digital Transformation Services Provider Vana Solutions; John Hassoun Quoted

VTG has moved to expand its portfolio of digital transformation platforms and cloud services for defense and intelligence community customers through its acquisition of Vana Solutions. Vana Solutions is a Dayton, Ohio-based company founded by Srujal Sheth and Sunit Sheth in 2005 and is focused on delivering cloud services, advanced analytics, data fabric platforms and

IBM Strikes $6.4B Acquisition Deal for HashiCorp; Arvind Krishna Quoted M&A Activity

IBM Strikes $6.4B Acquisition Deal for HashiCorp; Arvind Krishna Quoted

IBM (NYSE: IBM) has agreed to acquire HashiCorp (Nasdaq: HCP) for approximately $6.4 billion, or $35 per share in cash, to expand its infrastructure and security lifecycle management capabilities designed to help organizations automate their multicloud and hybrid cloud environments amid the rapid deployment of artificial intelligence technologies. IBM said Wednesday the boards of directors

Sigma Defense Buys Electronic Warfare Tech Company EWA; Matt Jones Quoted M&A Activity

Sigma Defense Buys Electronic Warfare Tech Company EWA; Matt Jones Quoted

Sigma Defense Systems, a portfolio company of Sagewind Capital, has moved to expand its Combined Joint All-Domain Command and Control capabilities with its acquisition of Herndon, Virginia-based electronic warfare systems provider EWA. EWA was founded by President and CEO Carl Guerreri in 1977 to bring electronic warfare platforms, threat simulators, testing and training support and