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Tequity Inc., merger and acquisition specialists for software and technology companies, acted as the exclusive advisor to Tactical Technologies Inc. (TTI) in their acquisition by Finmeccanica – Selex ES.
TTI, operating out of Ottawa, Canada, is a well-respected independent supplier of electronic warfare analysis software and services to worldwide customers. These capabilities will continue to be provided under the TTI name and will also be folded into Finmeccanica – Selex ES’s already-broad electronic warfare portfolio, further enhancing the company’s ability to offer electronic warfare capabilities to international customers.
TTI is most well known for its Tactical Engagement Simulation Software (TESS) family of products, which range from off-the-shelf editions to completely bespoke applications. TESS products create physics-based simulations that assist with the analysis of electronic warfare products, particularly in the field of electronic defence. Electronic defence technologies are a growth market for Finmeccanica – Selex ES who now offer the BriteCloud expendable radar decoy product and are under contract to develop a Common Jamming Pod for the UK Royal Air Force.
Key to Finmeccanica – Selex ES’s electronic warfare offer has been its provision of operational support (EWOS) alongside the technologies it sells. With EWOS, international customers can develop self-sufficiency in electronic warfare, removing the need to rely on technology providers or foreign governments to keep electronic warfare systems up to date with changing threats. The acquisition of TTI will allow Finmeccanica – Selex ES to maintain this EWOS offer as it further develops its range of electronic defence products. Other advantages of the acquisition include Finmeccanica – Selex ES being able to accelerate its electronic warfare product development and to improve the effectiveness of new products against less familiar threats.