Satellite ground systems specialist Ingenicomm has acquired the programmable telemetry processor (PTP) product line from CVG-Avtec Systems, a subsidiary of Kratos Defense & Security Solutions. While financial details were not disclosed, the transaction…
Satellite ground systems specialist Ingenicomm has acquired the programmable telemetry processor (PTP) product line from CVG-Avtec Systems, a subsidiary of Kratos Defense & Security Solutions.
While financial details were not disclosed, the transaction was ostensibly a buy out by Avtec’s former management. Ingenicomm’s founder, president and CEO Amit Puri was previously the director of satellite ground systems at CVG-Avtec before he left the company shortly after it was acquired by ground control systems manufacturer Integral Systems for US$34.67m in March 2010. Integral was itself acquired by Kratos in May 2011.
Puri, along with other Avtec alumni Kirill Lokshin, Felix Tao and Bill Eckman, subsequently formed Ingenicomm in April 2010. Lokshin, Tao and Eckman are all satellite ground system and integration engineers and are now Ingenicomm’s principal software engineer, principal electro-mechanical engineer and senior hardware engineer respectively.
Explaining the rationale for the acquisition, Puri said: “Ingenicomm’s engineers have decades of experience developing and supporting this product line. There are huge synergies between the PTP and our next-generation Configurable Ground Systems (CGS) product line that enable us to provide best-of-breed integration and testing (I&T) and ground station processors, although both products will be sustained independently in the future.”
Following the acquisition, Ingenicomm will continue to support new and existing programs as well as providing operations and maintenance services for PTP customers.
