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  6. Quanergy Systems Acquires Raytheon BBN Technologies - OTUS People Tracker Software

Divestiture • Software

Quanergy Systems Acquires Raytheon BBN Technologies - OTUS People Tracker Software

On August 29, 2016, Quanergy Systems acquired software company Raytheon BBN Technologies - OTUS People Tracker Software from Raytheon BBN Technologies

Acquisition Context
  • This is Quanergy Systems’ 1st transaction in the Software sector.
  • This is Quanergy Systems’ 1st transaction in the United States.
  • This is Quanergy Systems’ 1st transaction in Massachusetts.

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M&A Deal Summary
Date August 29, 2016
Target Raytheon BBN Technologies - OTUS People Tracker Software
Sector Software
Buyer(s) Quanergy Systems
Sellers(s) Raytheon BBN Technologies
Deal Type Divestiture

Target Company

Raytheon BBN Technologies - OTUS People Tracker Software

Cambridge, Massachusetts, United States
Raytheon BBN Technologies - OTUS People Tracker Software (OTUS) is a provider of sophisticated human perception algorithms to identify and track people for safety and security in crowded environments at ranges exceeding 100 meters.
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Buyer Overview 1

Buyer

Quanergy Systems

Sunnyvale, California, United States
Category Company
Founded 2012
Sector Technology Hardware
DESCRIPTION

Quanergy Systems, Inc. is a developer of an optics, photonics, optoelectronics, artificial intelligence software, and control systems.

Deal Context for Buyer #
Overall 1 of 1
Sector: Software 1 of 1
Type: Divestiture 1 of 1
State: Massachusetts 1 of 1
Country: United States 1 of 1
Year: 2016 1 of 1

Seller Profile 1

SELLER

Raytheon BBN Technologies

Cambridge, Massachusetts, United States
Category Company
Founded 1948
Sector Technology Hardware
DESCRIPTION

Raytheon BBN Technologies Corp. is a provider of communication technological products.

Deal Context for Seller #
Overall 1 of 1
Sector: Software 1 of 1
Type: Divestiture 1 of 1
State: Massachusetts 1 of 1
Country: United States 1 of 1
Year: 2016 1 of 1

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