Cubic Corp. (NYSE: CUB) has acquired Intific Inc. for an undisclosed amount in a move aimed at extending the company’s reach into the cybersecurity, game-based service and transportation training markets.
Intific will operate within the Cubic Defense Systems business unit, Cubic said Monday.
Dave Schmitz, president of Cubic Defense Systems, said the company intends to absorb Intific’s workforce and integrate its technology portfolio into Cubic’s market footprint and product offerings.
Austin, Texas-based Intific provides software and game-based resources for modeling and simulation, training and education, cyberwar and neuroscience applications.
“The Intific team will enhance Cubic’s solutions for markets in defense, cyber, and transportation worldwide, ” added Pete Bonanni, president of Intific.
Intific booked $14 million in revenue in 2013.
