Tysons, Virginia-based management consultancy LMI has purchased Synaptech for an undisclosed sum as part of efforts to expand into the space market and combine capabilities to advance innovation in mission support of Department of Defense customers.
Synaptech CEO Zac Gorrell and Chief Technology Officer Elias Peroulas co-founded the Colorado-headquartered company and will oversee LMI’s space business as a result of the acquisition, the nonprofit consulting firm said Thursday.
The acquired company offers the proprietary Rapid Analysis and Prototyping Toolkit for Resiliency software or RAPTR, for analysis, visualization, modeling and simulation in the space warfighting domain.
“LMI is thrilled to be entering the fast-paced, growing space market by acquiring Synaptech, which protects our nation’s national security assets and provides senior leaders with physics-backed decisional options,” said Doug Wagoner, president and CEO of LMI and a three-time Wash100 awardee.
KippsDeSanto & Co. acted as Synaptech’s exclusive financial adviser in the transaction.