CTI buys situational awareness technology firm Rapid Imaging Technologies

Chesapeake Technology International (CTI) has acquired Rapid Imaging Technologies, a US-based situational awareness technology provider, for an undisclosed price.

According to Chesapeake Technology International, the deal bolsters its offerings and grows its capabilities in situational awareness as well as video analytics technologies.

Chesapeake Technology International, which is a portfolio company of Bluestone Investment Partners, is engaged in providing software and imaging solutions for the defense and intelligence communities.

Rapid Imaging brings over 25 years of expertise in developing cutting-edge software and imaging solutions for the intelligence and defense communities.

Its technology, which is patented, enables real-time information on geospatial positional awareness on live video to deliver vital information to military clients.

David Geisler — Rapid Imaging CEO said: “Joining CTI will enable us to bring our advanced technologies to a wider audience and leverage CTI’s resources and expertise to accelerate our growth. We are excited about the opportunities this acquisition will create for our team and our customers.”

Chesapeake Technology International said that Rapid Imaging’s innovative technology along with its track record of providing top-quality imaging solutions makes it an ideal partner for the company.

With this acquisition, Chesapeake Technology International can now provide its customers with a wider variety of imaging and geospatial augmented reality capabilities. These include advanced algorithms for the detection of objects, classification, and monitoring.

This acquisition is also expected to allow Chesapeake Technology International to grow its customer base as well as strengthen its relationships with customers.

Jay Moorman — Chesapeake Technology International CEO said: “The acquisition of Rapid Imaging will enhance our ability to deliver cutting-edge situational awareness solutions to our customers. This acquisition is part of our strategy to grow our business and expand our offerings to meet the evolving needs of our defense and intelligence community customers.”