GeoSpectrum Technologies Inc. (GTI), a leading provider of hydroacoustic hardware, announced they have acquired Akoostix Inc. Akoostix is a leading provider of underwater acoustic and sonar processing software. Their acoustic processing capability compliments GTI’s transducer expertise and is expected to position GTI as a strong contender for system sales in the Asia-Pacific region, the unmanned vehicle sector, and other burgeoning markets.
“The acquisition of Akoostix provides GeoSpectrum with world class acoustic and sonar processing capability, allowing us to better support our customers. I’m very excited about the fact that with this acquisition and our recently acquired capability to develop mechanical handling systems, we are one of only a few sonar companies with the in-house capability to provide end-to-end integrated systems. We intend to work with our partners to leverage this capability in pursuit of a number of emerging opportunities.” said Paul Yeatman, president of GeoSpectrum.
Joe Hood of Akoostix, said: – “Akoostix is very excited by this acquisition as it will allow us to broaden the user base for Adeos-based products and better realize our vision for product development. Our highly focused technical team will be able to work on what we do best while leveraging the significant complementary capability already at GeoSpectrum. This promises to be a true win-win relationship for the owners, our employees and our customers.”
Akoostix will continue to operate in the short term under their current organizational structure.
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