Lynx Software Technologies Completes Acquisition of CoreAVI
Deal News | Nov 14, 2024 | EIN
Lynx Software Technologies, Inc. has successfully acquired Core Avionics & Industrial, Inc. (CoreAVI). The acquisition opens doors for Lynx into the high-potential market of GPU-based computing systems, a market expected to value $20 billion by 2030 across aerospace, defense, and other critical sectors. CoreAVI is known for developing solutions that enhance semiconductor partners and customers' ability to use GPU data processing in security-critical systems, including AI and machine learning. This synergizes with Lynx's focus on virtualization and real-time operating systems, providing a comprehensive suite of products for mission-critical applications. With the acquisition, Lynx gains access to CoreAVI's advanced technologies and extensive patent portfolio, further strengthening their capabilities in the market. Legal advisors for the deal included Womble Bond & Dickinson LLP and Skadden Arps Slate Meagher & Flom LLP for Lynx, while Fairmount Partners, LP advised CoreAVI. Lynx's headquarters is in San Jose, California, and CoreAVI is headquartered in Tampa, Florida.
Sectors
- Technology
- Aerospace and Defense
Geography
- United States – Both Lynx Software Technologies and CoreAVI are headquartered in the U.S., specifically San Jose, California, and Tampa, Florida, respectively.
Industry
- Technology – The acquisition involves Lynx, a developer of virtualization and RTOS solutions, expanding its technological capabilities with CoreAVI's GPU-based computing systems.
- Aerospace and Defense – CoreAVI's expertise in security-critical systems for aerospace and defense aligns with Lynx's focus on mission-critical systems, enhancing their offerings for this sector.
Financials
- $20 billion – Projected value of the GPU-based computing systems market by 2030.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Lynx Software Technologies, Inc. | Acquirer | Company | A company that develops solutions for virtualization and real-time operating systems, focusing on mission-critical systems. |
| Core Avionics & Industrial, Inc. | Target | Company | A company specialized in developing and providing embedded drivers and libraries for graphics and computer systems in security-critical sectors. |
| Womble Bond & Dickinson LLP | Legal Advisor | Company | A legal advisor representing Lynx Software Technologies in the acquisition. |
| Skadden Arps Slate Meagher & Flom LLP | Legal Advisor | Company | Another legal advisor supporting Lynx in the acquisition process. |
| Fairmount Partners, LP | Advisor | Company | An advisor to CoreAVI during the acquisition process. |