|
Science Applications International acquires On-Line Interactive Virtual Environment product line of Forterra Systems
Feb 03, 2010 (Datamonitor Financial Deals Tracker via COMTEX) --
Science Applications International Corporation (SAIC, Inc.), a systems, solutions and technical services company, has acquired Forterra Systems, Inc.'s On-Line Interactive Virtual Environment (OLIVE(TM)) product line, including all names, trademarks and licenses. Both the companies are based in the US.
Forterra Systems is a provider of virtual environments to corporations, government agencies, and health care organizations.
OLIVE is a software platform that enables customers to deploy their own persistent and secure 3D Virtual Worlds where users can collaborate over networks.
Approximately 12 employees will join SAIC from Forterra, and will become part of SAIC's Analysis, Simulations, Systems Engineering & Training business unit.
Deal Type Acquisition
Sub-Category Asset Purchase
Deal Status Completed: 2010-02-01
Deal Participants
Target (Company) Forterra Systems, Inc. - On-Line Interactive Virtual Environment Software Platform
Acquirer (Company) SAIC, Inc.
Vendor (Company) Forterra Systems, Inc.
Deal Rationale
The addition of OLIVE product line to SAIC's simulation portfolio will enhance the SAIC's offerings to simulation marketplace.
[ Back To greentechnologyworld.com's Homepage ]
|
