BAE Systems proposes acquisition of imaging analytics firm
- July 31, 2014
Arlington-based BAE Systems is proposing an acquisition of imaging technologies and analytics firm Signal Innovations Group (SIG).
Financial details of the deal, which is expected to close in the third quarter, were not released.
SIG, based in Durham, N.C., provides video analytics and automated object detection and recognition for the U.S. intelligence and defense communities.
“Combining SIG’s technologies with our existing intelligence tools and analysis capabilities will enhance our customers’ ability to analyze tactical and strategic intelligence from around the globe,” DeEtte Gray, president of BAE Systems’ Intelligence & Security sector, said in a statement. “Together, we also have the potential to leverage our capabilities and bring this technology to a number of innovative commercial applications in an affordable way.”