Forward Slope Incorporated, a San Diego, CA-based technology services company providing software and surveillance solutions to the defense industry, acquired Soar Technology, Inc., an Ann Arbor, Michigan-based provider of advanced artificial intelligence solutions.
The amount of the deal was not disclosed.
The addition of SoarTech expands the Forward platform’s core competencies and customer base in a strategic way to deliver more comprehensive solutions to marquee defense and national security customers. The SoarTech team invested alongside Trive Capital, the Dallas-based private equity firm which backs Forward Slope, and will continue to serve as senior leaders of the platform.
Led by Mike van Lent, Chief Executive Officer, SoarTech is a provider of advanced artificial intelligence solutions to address complex Department of Defense mission requirements. By leveraging machine learning technologies built on computational cognitive designs, SoarTech creates autonomous agents to analyze large amounts of data and assist in human decision-making.
Led by Carlos Persichetti, Chief Executive Officer, Forward Slope is a technology services company providing software and surveillance solutions to the defense industry.
FinSMEs
26/08/2023