SILVERWOOD PARTNERS ADVISES MEDIAWARE INTERNATIONAL PTY LTD IN SALE OF COMPANY TO GENERAL DYNAMICS CORPORATION (NYSE: GD)SHERBORN, MA – November 14, 2007
General Dynamics (NYSE: GD) has acquired Mediaware International Pty Ltd., a leading developer of real-time full-motion compressed digital video processing software and systems for defense, intelligence and commercial customers. Terms of the acquisition were not disclosed. Silverwood Partners was the exclusive financial advisor to Mediaware International.
Mediaware International, a privately held company, will continue to be based in Sydney, Australia, and will become a part of General Dynamics Advanced Information Systems, a business unit of General Dynamics that is based in Fairfax, Virginia. Mediaware has approximately 40 employees.
Mediaware’s flagship defense system, the Digital Video Exploitation System (D-VEX), provides U.S. and international customers with an end-to-end solution for real-time video processing and exploitation of full- motion video from airborne electro-optical and infrared sensors and sources. D-VEX systems maximize the value of full-motion video with frame-accurate alignment of video and metadata, enabling advanced processing such as georegistration, mensuration, accurate coordinate marking, video-to-still image mosaicing and object tracking of multiple moving targets in a live video stream.
“Mediaware’s products, services and capabilities are highly complementary to our existing full-motion video and related geospatial intelligence offerings,” said Lou Von Thaer, president of General Dynamics Advanced Information Systems. “This acquisition strengthens the ability of General Dynamics to offer intelligence analysts, warfighters and other customers fully integrated, standards-compliant solutions for real-time digital video processing and exploitation.”
About General Dynamics Advance Information Systems
General Dynamics Advanced Information Systems designs, develops, manufactures, integrates, operates and maintains mission systems for defense, space, intelligence, surveillance, reconnaissance, homeland security and homeland defense customers. The company specializes in ground systems; imagery processing; mission payloads; space vehicles; maritime subsurface, surface and airborne mission systems; and tasking, collection, processing, exploitation and dissemination programs for national intelligence. More information is available on the Internet at www.gd-ais.com.
About General Dynamics Corporation
General Dynamics, headquartered in Falls Church, Va., employs approximately 83,000 people worldwide and anticipates 2007 revenues of more than $27 billion. The company is a market leader in business aviation; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and information systems and technologies. More information about the company is available online at www.generaldynamics.com.
About Silverwood Partners
Silverwood Partners is a sector focused investment bank that provides M&A and private capital raising advisory services to information, communications, financial services, and digital imaging technology companies, and healthcare, industrial and consumer companies. Silverwood delivers acquisition, divestiture or corporate sale advisory, strategic-financial advisory and institutional financing services to companies in its targeted business sectors. For additional information, please visit www.silverwoodpartners.com.
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