• Wed. Apr 17th, 2024

CTI Acquires Asymmetric Technologies to Boost Product Portfolio and Technology Capabilities for National Security and DOD Clients

BySamantha Jones

Apr 2, 2024
Jay Moorman Quoted as Bluestone-Backed CTI Acquires Asymmetric Technologies

In recent news, Chesapeake Technology International (CTI) has acquired Asymmetric Technologies in a move that will significantly enhance its product portfolio and technology capabilities. Founded in 2011, Asymmetric specializes in open-source technologies, flight controllers, and waveform technologies designed specifically for national security and DOD clients.

By integrating Asymmetric’s IronClad and Whisper systems into its offerings, CTI aims to provide more comprehensive software and purpose-built hardware products to its customers. This acquisition reflects CTI’s commitment to investing in its business to address the evolving national security landscape. CEO Jay Moorman expressed excitement about the new opportunities this acquisition will bring to the company.

This transaction marks CTI’s second investment in delivering new platforms to meet the unmanned aircraft system requirements of the DOD. As a portfolio company of Bluestone Investment Partners, a private equity firm focused on middle-market businesses in the defense and government services sector, CTI is well-positioned to provide cutting-edge solutions to its customers.

By Samantha Jones

As a content writer at newsnnk.com, I weave words into captivating stories that inform and engage our readers. With a passion for storytelling and an eye for detail, I strive to deliver high-quality and engaging content that resonates with our audience. From breaking news to thought-provoking features, I am dedicated to providing informative and compelling articles that keep our readers informed and entertained. Join me on this journey as we explore the world through the power of words.

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