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M&A Moves is a Technical.ly column where we highlight D.C.-area companies completing mergers and making acquisitions to scale their businesses. Got a submission? Email us and tell us why it belongs in the roundup.
BAE Systems acquires assets from Riptide Autonomous Solutions
Arlington, Va.-based BAE Systems has acquired key assets from Massachusetts-based Riptide Autonomous Solutions, unmanned underwater vehicle (UUV) tech and solutions provider. The Arlington-based U.S. arm of the international defense, aerospace and security giant will welcome Riptide employees to its electronic systems sector, where they will continue to mature its small UUV products.
“Coupling our extensive expertise in sonar, signal processing, sensor fusion, undersea communications, electronic warfare, and autonomous systems with Riptide’s unique UUV platforms will enable us to affordably address rapidly expanding maritime mission requirements in the global defense, commercial, and research markets,” Terry Crimmins, president of BAE Systems Electronic Systems, said in a statement.
Financial terms of the deal and further details on the acquired assets were not disclosed, but BAE Systems said in the news release that it will maintain Riptide’s Massachusetts office to expand its footprint there.
Harris Healthcare acquires Uniphy Health Systems
Herndon, Va.-based healthcare software and tech developer Harris Healthcare Group acquired New Jersey-based Uniphy Health Systems, a company that curates a clinical communication and collaboration platform. The acquisition was made through Harris Healthcare’s tech arm, Harris Computer Systems, and will expand the company’s tech solution suite. Financial terms of the deal were not disclosed.
— Brian Ahier (@ahier) May 9, 2019
Uniphy’s mobile and desktop apps have reached over 900,000 clinicians, the press release states. Both companies already have customers who use both of its solutions, so the merger makes sense.
“We have worked with Harris Healthcare and Uniphy Health for over 10 years and they both have been fantastic partners. I am delighted by this news,” Dr. Wayne Fellmeth, Hunterdon Healthcare’s CMIO, said in a statement. “We integrated the Uniphy Health and Harris QCPR (EHR) three years ago. It was easily implemented and this has been delivering positive outcomes for our patients.”
Both companies will continue to work to create tech solutions to improve healthcare outcomes, collaboration and communication. Uniphy will continue its work under Harris Healthcare, with no immediate staffing changes.
DMI acquires Silicon Valley-based Pragiti
Bethesda, Md.-based Digital Management Incorporated (DMI), an end-to-end mobility company, has acquired Santa Clara, Calif.-based Pragiti, a digital commerce company and SAP Commerce Cloud Silver Partner. The deal comes more expansion for DMI in India.
“Through the strategic acquisition of Pragiti, DMI welcomes more than 175 highly skilled developers, testers and engineers in the cities of Noida, Mumbai and Bangalore,” DMI CEO and Founder, Jay Sunny Bajaj, said in a press release. “We are extremely proud of the contributions of DMI’s talented team at our current offices in Pune, Chennai, Noida and Gurgaon. Coupled with the employees joining our team as a result of the Pragiti acquisition, DMI’s footprint in India has nearly tripled in size since 2016.”
With this acquisition, DMI is establishing its Silicon Valley footprint and upping its status as a full-service digital commerce agency by helping brands scale through digital marketing, app development and managed service offerings. Financial terms of the deal were not disclosed, but both parties consider this move a strategic acquisition.-30-
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