• Sun. Apr 14th, 2024

Jay Moorman Quoted as Bluestone-Backed CTI Acquires Asymmetric Technologies

BySamantha Johnson

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

Chesapeake Technology International has recently acquired Asymmetric Technologies in a move that will enhance its product portfolio and technology capabilities to better serve Department of Defense and national security customers. Asymmetric Technologies, founded in 2011, specializes in open-source technologies, flight controllers, and waveform technologies tailored to meet the specific needs of 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 Johnson

As a content writer at newszkz.com, I delve into the realms of storytelling, blending words to paint vivid narratives that captivate and inform our readers. With a keen eye for detail and a passion for research, I craft compelling articles that resonate with our audience. My love for words drives me to explore diverse topics, ensuring that each piece I create not only educates but also entertains. Join me on this journey as we navigate the ever-evolving landscapes of news and knowledge together.

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