Raytheon has added a new asset to its portfolio. The company announced Thursday that it acquired Maryland-based Visual Analytics, a privately held firm that Raytheon says broadens its "capabilities to meet the data analytics, data visualization and information sharing needs of its customers."
The terms of the deal were not disclosed. The company will operate in Raytheon's intelligence, information and services division, and be known as Raytheon Visual Analytics. The firm's co-founder and CEO, Chris Westphal, will serve as its general manager, with co-founder and President David O'Connor filling the role of chief technology officer. Visual Analytics' website says its software can be used in fields including criminal justice, information technology, law enforcement, homeland security, intelligence analysis, and financial crime.
The article Raytheon Buys Data Analytics Company originally appeared on Fool.com.Fool contributor Eric Volkman has no position in Raytheon. The Motley Fool owns shares of Raytheon. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.