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Asymmetric Technologies Acquired by Bluestone-Backed CTI; Jay Moorman Provides Comment

Byeditor

Apr 2, 2024

Chesapeake Technology International has recently acquired Asymmetric Technologies in a move that expands its range of products and capabilities in meeting the edge communications and flight autonomy needs of Department of Defense and national security customers.

Established in 2011, Asymmetric Technologies has been providing open-source technologies, flight controllers, and waveform technologies that are specifically designed to meet the mission-specific requirements of national security and DOD clients.

CTI CEO, Jay Moorman, stated that this acquisition will strengthen their ability to provide comprehensive software and purpose-built hardware products and solutions to their customers. This move reaffirms their strategy to invest in their business to address the evolving needs in national security.

As a result of the acquisition, CTI will be incorporating Asymmetric’s IronClad and Whisper systems into their product portfolio. This acquisition marks CTI’s second investment in the delivery of new platforms to meet the unmanned aircraft system requirements of the DOD.

CTI is a portfolio company of Bluestone Investment Partners, a private equity firm that specializes in targeting middle-market businesses in the defense and government services sector.

By editor

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