LMI acquires national security software company
Will advance space industry presence
Tysons-based consultancy LMI has acquired Colorado Springs, Colorado-based Synaptech, according to a news release.
Terms of the deal were not disclosed. Synaptech creates digital engineering, modeling and simulation software for the national security and space industries.
“LMI is thrilled to be entering the fast-paced, growing space market by acquiring Synaptech, which protects our nation’s national security assets and provides senior leaders with physics-backed decisional options,” LMI President and CEO Doug Wagoner said in a statement.
Founded in 2015, Synaptech’s proprietary software, Rapid Analysis and Prototyping Toolkit for Resiliency, or RAPTR, provides scalable architecture for modeling, simulation, analysis and visualization for the space warfighting domain, as well as cross-domain warfare integration. The acquisition will better position both companies to innovate and support the missions of their Department of Defense customers, LMI said.
“LMI and Synaptech share the same vision, culture and passion for creating innovative, mission-focused solutions that make this partnership a perfect match. The combination of LMI’s incredible talent, resources and rich history of proven performance throughout the Department of Defense paired with Synaptech’s knowledge and extensive experience in the space domain will yield tremendous results for our customers within the national security space industry for years to come,” Synaptech CEO Zac Gorrell and Chief Technology Officer Elias Peroulas said in a statement.
Gorrell and Peroulas co-founded Synaptic and will lead LMI’s space business moving forward. Its approximately 60 employees will remain in Colorado.
Founded in 1961, LMI provides IT, analytics, logistics and management advisory services to federal clients. The company was originally formed to support the Department of Defense’s logistics management.
“We are excited to welcome Synaptech’s employees, the best and brightest in the space industry, to the LMI team where they will find colleagues just as passionate about applying technology to solve our nation’s greatest challenges,” Wagoner said. “Chartered by President Kennedy in 1961 at the dawn of the space race, it is fitting that LMI is now entering the space marketplace to support a renewed space race where adversaries seek to disrupt and disable our dominance in space.”
“To help our customers innovate at the pace of need, one must understand all discreet and interdependent operational domains from the sea floor and sea surface, to ground, air, cyber and space” Wagoner added. The acquisition of Synaptech enables LMI total multidomain awareness at scale.”