Capstone Partners advised Autometric, Inc., a leading supplier of software products and services in the geospatial information technology marketplace, on its sale to Boeing Corporation.
Autometric, a privately held firm based in Springfield, Va., is considered one of the premier geospatial information technology companies in the United States. It provides end-to-end solutions to support modeling, visualization, simulation and analysis of imagery and associated digital geographic products. Autometric, with 1999 revenues of approximately $80 million, has over 500 employees.
The addition of Autometric products and services provides an excellent fit for Boeing’s expertise in information collection and processing. With Autometric onboard, we will be uniquely positioned to add value for our customers and to provide for our future growth in the area of space imagery visualization and geospatial information.
Boeing is focusing its growth in space and communications in areas that include classified government program opportunities, the movement of broadband information on and off mobile platforms, and integrated military battlefield and defense systems. Through its $7-billion, Seal Beach, Calif.-based Space and Communications (S&C) Group, led by President Jim Albaugh, Boeing intends to be a leader in these areas. Autometric will become part of Boeing’s Integrated Defense Systems (IDS) division within S&C.
“We are particularly excited to add Autometric’s employees to our team,” Albaugh added. “The intellectual capital, customer knowledge and world-class technologies Autometric brings to Boeing will enable us to go after new programs and to provide even better service to our customers.”
With headquarters in Seattle, The Boeing Company is the largest aerospace company in the world and the United States’ leading exporter. The company’s capabilities in aerospace include commercial jetliners, military aircraft, rotorcraft, electronic and defense systems, missiles, rocket engines, launch vehicles, and advanced information and communication systems. The company has an extensive global reach with customers in 145 countries and manufacturing operations throughout the United States, Canada and Australia.