ITT makes geospatial play with acquisition

EchoStorm deal bolsters real-time video

ITT Corp. plans to buy EchoStorm Worldwide in a deal to bolster its geospatial portfolio.

EchoStorm delivers video and data management technology to the military, government and commercial customers. Its products let users capture, manage and disseminate full-motion video in near real time, ITT said in a statement. The products also help deal with system interoperability and bandwidth.

The addition fo EchoStorm will help ITT with its airborne intelligence, surveillance and reconnaissance customers, said Chris Young, president ITT Geospatial Systems.

Terms of the deal were not disclosed. The acquisition is expected to be completed by early 2011. The investment bank KippsDeSanto served as an advisor to EchoStorm.

EchoStorm will become part of ITT Geospatial Systems’s night vision and imaging business areas.

ITT of White Plains, N.Y., is ranked No. 14 on Washington Technology’s 2010 Top 100 list of the largest government contractors.

About the Author

Nick Wakeman is the editor-in-chief of Washington Technology. Follow him on Twitter: @nick_wakeman.

Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

What is your e-mail address?

My e-mail address is:

Do you have a password?

Forgot your password? Click here
close
SEARCH

Trending

  • Dive into our Contract Award database

    In an exclusive for WT Insider members, we are collecting all of the contract awards we cover into a database that you can sort by contractor, agency, value and other parameters. You can also download it into a spreadsheet. Our databases track awards back to 2013. Read More

  • Navigating the trends and issues of 2016 Nick Wakeman

    In our latest WT Insider Report, we pull together our best advice, insights and reporting on the trends and issues that will shape the market in 2016 and beyond. Read More

 Top 100 Promo 2016
contracts DB