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VI-grade acquires Concurrent Real-Time
VI-grade has announced the acquisition of Concurrent Real-Time, a US provider of high-performance, real-time computational hardware and software solutions, from Battery Ventures, a Boston-based PE firm.
The transaction, which values Concurrent at $167m, is in line with VI-grade’s strategy to enhance and grow its market-leading simulator platform businesses and fully integrate Hardware-in-the-Loop (HiL) technology.
Headquartered in Pompano Beach, Florida, USA, Concurrent-RT is a developer and supplier of hard real-time operating systems, software, and hardware that delivers simulation and control platforms for a wide range of mission-critical aerospace and automotive applications. As such, the company shares a number of end-markets with VI-grade where customers demand low-latency real-time solutions involving software-in-the-loop (SiL), hardware-in-the-loop (HiL), and people-in-the-loop (PiL).
The combination of the two businesses will build on VI-grade’s market position in simulation software and simulator solutions by enhancing its dynamic performance, broadening its product portfolio, while improving its delivery capability and market reach.
The combination is intended to create a virtual simulation and testing company of scale in the high-growth R&D markets within automotive and aerospace and defence.
Concurrent-RT has approximately 115 employees spread across the U.S., Japan, China, and Europe.