M&A Deal Summary

Applied Research Associates Acquires Virtual Heroes

On April 16, 2009, Applied Research Associates acquired digital media company Virtual Heroes

Acquisition Highlights
  • This is Applied Research Associates’ 1st transaction in the Digital Media sector.
  • This is Applied Research Associates’ 1st transaction in the United States.
  • This is Applied Research Associates’ 1st transaction in North Carolina.

M&A Deal Summary
Date 2009-04-16
Target Virtual Heroes
Sector Digital Media
Buyer(s) Applied Research Associates
Deal Type Add-on Acquisition

Target

Virtual Heroes

Raleigh, North Carolina, United States
Virtual Heroes, Inc. is a developer of video games for simulation and training. Virtual Heroes, Inc. was established in 2004 and is headquartered in Raleigh, North Carolina.

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Buyer(S) 1

Buyer

Applied Research Associates

Albuquerque, New Mexico, United States
Category Company
Founded 1979
Sector Business Services
Employees1,200
DESCRIPTION

Applied Research Associates, Inc. (ARA) is an international research and engineering company recognized for providing innovative technical solutions to complex and challenging problems that are making our world safer, more secure and a difference in our daily lives. Applied Research Associates, Inc. was founded in 1979 and is based in Albuquerque, New Mexico.

DEAL STATS #
Overall 1 of 3
Sector (Digital Media) 1 of 1
Type (Add-on Acquisition) 1 of 3
State (North Carolina) 1 of 1
Country (United States) 1 of 3
Year (2009) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-28 Neya Systems

Seven Fields, Pennsylvania, United States

Neya Systems LLC is a developer of advanced unmanned systems technologies. Neya works with defense, homeland security, and commercial customers to deliver novel solutions to some of the hardest problems related to autonomy, computer vision, and general unmanned systems development and deployment. Neya Systems LLC was established in 2009 and is based in Seven Fields, Pennsylvania.

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