BAE Systems last Thursday said it has agreed to acquire Bohemia Interactive Simulations (BISim), a developer of simulation training solutions for military organizations.
Terms of the deal, which requires regulatory approval, were not disclosed. BISim is currently owned by the investment firm Riverside Company, which invested in the company in 2013.
BISim, which is based in Orlando, Fla., has more than 325 employees and a portfolio of game-based Virtual Battlespace software products used in desktop simulation and image generation to terrain development to artificial intelligence use for air, land and sea applications.
BAE said that BISim’s products are meeting “the growing demand for defense applications.” Once the deal closes, BAE said its customers will have access to its existing systems integration capabilities coupled with BISim’s training products and solutions to improve military readiness.
BISim’s customers include the Army, Marine Corps, Australian Defence Force, Swedish armed forces, the French Ministry of Armed Forces, the United Kingdom Ministry of Defence and more than 300 integrators and prime contractors, the company says.
“We have helped [BISim] expand from a single-product company to a three, soon to be four-product company, internationalized sales into an unrivaled ecosystem of 360-plus customers across 63 countries, built a scalable operations infrastructure and professional management team, as well as supported two generations of development of the company’s flagship product,” Martin Scott, a Riverside partner, said in a statement.
BISim’s financial adviser on the deal is Raymond James.