Hexagon acquires Thermopylae for 5D visualization

February 25, 2019  - By 0 Comments
Photo: Hexagon

Photo: Hexagon

Hexagon AB has signed an agreement to acquire Thermopylae Sciences and Technology, a software provider primarily focused on the U.S. government and defense market that specializes in geospatial applications, mobile frameworks and cloud computing for enhanced location intelligence.

Thermopylae has developed advanced visualization solutions to support tactical edge mapping in support of mission critical operations. Built upon the Google technology stack, its defense and intelligence solutions are targeted at addressing the challenges involved in working with critical problem sets in secure or classified government environments.

In addition, its portfolio is applicable to a host of markets in the private sector, including real estate, finance, insurance, retail and media, with customers ranging from startups to Fortune 50 companies.

“Thermopylae’s software and domain expertise nicely augment our ability to deliver the visual location intelligence necessary for enabling autonomous connected ecosystems,” said Hexagon President and CEO Ola Rollén. “Ultimately, the addition of Thermopylae will enrich the 5D experience delivered through our Hexagon Smart M.App and Luciad portfolios — both of which enable smart digital realities with 3D, 4D (real-time sensor feed integration) and 5D (dynamic analytics) capabilities. Not only does the acquisition provide an avenue for international market adoption of Thermopylae’s technologies but also an additional avenue for Hexagon to accelerate adoption of our 5D visualization capabilities in U.S. government agencies.”

Headquartered in Arlington, Virginia, Thermopylae will operate as a part of Hexagon’s Geospatial division, which is reported under the Geospatial Enterprise Solutions segment. Sales in 2017 amounted to $20 million.

Completion of the transaction (closing) is subject to customary regulatory approvals, including a voluntary filing to the Committee on Foreign Investment in the United States (CFIUS).

Tracy Cozzens

About the Author:

Tracy Cozzens has served as managing editor of GPS World magazine since 2006. She also is editor of GPS World’s newsletters and the sister website Geospatial Solutions. She has worked in government, for non-profits, and in corporate communications, editing a variety of publications for audiences ranging from federal government contractors to teachers.

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