M&A

SRC expands radar R&D work through acquisition

Nonprofit research-and-development firm SRC has acquired SAZE, a company founded in 2012 that focuses on radar R&D work.

Terms of the transaction were undisclosed, but SRC said in a release Monday that the deal adds 11 employees to its workforce.

SAZE was founded in 2012 and has worked with SRC both as a subcontractor and teammate.

As of Monday, SAZE becomes a subsidiary of the SRC Ventures organization that invests in other businesses that bring emerging technologies into new markets.

About the Author

Ross Wilkers is a senior staff writer for Washington Technology. He can be reached at rwilkers@washingtontechnology.com. Follow him on Twitter: @rosswilkers. Also find and connect with him on LinkedIn.

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