Chesapeake Technology International has purchased Rapid Imaging Technologies for an undisclosed sum to grow CTI’s product offerings for the defense and intelligence sectors.
CTI said Thursday the purchase brings in a patented situational awareness platform that adds geospatial augmented reality overlays to real-time, full-motion videos
Middleton, Wisconsin-based Rapid Imaging builds geospatial AR tools and algorithms designed to support object tracking, detection and classification.
The acquisition comes nearly two years after Bluestone Investment Partners invested in CTI , which develops software products and systems for military and security applications.
Dustan Hellwig , founder and chief strategy officer of CTI, said the transaction aligns with the company’s mergers and acquisitions growth strategy and strategic vision set as part of its partnership with Bluestone.
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The appointments follow a $100 million Series D and precede a planned Washington office opening.
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The former Aretum chief growth officer also held leadership roles at M9 Solutions, Capgemini and other federal contractors.
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