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Boeing to Acquire Solutions Made Simple Inc.
Posted July 21, 2011
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-- Key technology partner to join Boeing's Information Solutions division
-- SMSi acquisition supports Boeing's C4ISR and cyber growth strategies
ARLINGTON, Va. -- Boeing (NYSE: BA) today announced an agreement to acquire Solutions Made Simple Inc. (SMSi), an information services provider for the U.S. government and the Intelligence Community. Known for its Twister data integration framework products, SMSi's technology allows users to easily extract, share and query information stored in an unlimited number of data sources and applications.
SMSi employs approximately 65 people and is based in Reston, Va. The company was advised by McLean, Va.-based The McLean Group.
Once acquired, SMSi will operate within the Information Solutions division of Boeing's Network & Space Systems business.
"Our customers continuously look for better, more cost-effective ways to manage data across disparate networks, and SMSi has terrific capability to do that," said John Hinshaw, Boeing vice president and general manager of Information Solutions. "We've worked with SMSi for a number of years and see their team and products as strong complements to our existing capabilities. SMSi adds important vertical content to Boeing's product portfolio for two high-growth markets that are key priorities for our customers: C4ISR and cybersecurity."
SMSi is privately held and the terms of the transaction were not disclosed. The transaction is expected to be completed during the third quarter of 2011.
A unit of The Boeing Company, Boeing Defense, Space & Security (www.boeing.com/bds) is one of the world's largest defense, space and security businesses specializing in innovative and capabilities-driven customer solutions, and the world's largest and most versatile manufacturer of military aircraft. Headquartered in St. Louis, Boeing Defense, Space & Security is a $32 billion business with 65,000 employees worldwide. Follow us on Twitter: @BoeingDefense.
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