April 20 2015
KippsDeSanto & Co. Advises Kutta Technologies, Inc. on its Sale to Sierra Nevada Corporation
KippsDesanto & Co. is pleased to announce the acquisition of our client, Kutta Technologies, Inc. (“Kutta” or the “Company”), by Sierra Nevada Corporation (“SNC”). Kutta is a high-tech designer, developer, and manufacturer of C4ISR software and hardware applications supporting the Department of Defense (“DoD”), leading defense industry prime contractors, and commercial customers. Kutta has created a leading suite of solutions that allow for advanced Unmanned Aerial Systems (“UAS”) command and control (“C2”) integration of UAS into the National Airspace System (“NAS”). This acquisition provides a complementary platform of UAS solutions to SNC’s expanding multi-mission ISR products and services.
Based in Phoenix, AZ, Kutta is a leading developer of mission-critical C2 UAS solutions aimed at improving situational awareness, forward operator safety, the probability of mission success, and communication links. Kutta’s UAS products and solutions solve UAS C2 problems with licensable software components and hardware products. For example, Kutta has designed and fielded a proprietary solution that provides a field-operator with a system to safely and autonomously route multiple UAS and control on board sensors. The Company’s products are designed to meet The North Atlantic Treaty Organization’s (“NATO”) Standardization Agreement 4586 standards and the Federal Aviation Administration (“FAA”) DO-178C guidelines. Kutta has also developed proprietary solutions to address manned / unmanned teaming (UAS control from the cockpit of manned aircraft). Additionally, Kutta is a leader in rugged and survivable communications systems crucial to first responders and the mining industry, holding a Part 23 Mine Safety and Health Administration (“MSHA”) certification for its Digital Radio for Underground Miners (“DRUM”) radio system. Through its partnership with SNC, Kutta expects to deliver even greater value to its customers, as well as pursue additional growth areas.
We believe this transaction demonstrates several key trends in the defense M&A environment:
• Value continues to be placed on next-generation UAS and related C4ISR solutions in support of mission-critical programs
• Growing demand for highly-specialized solutions addressing UAS NAS integration for both commercial and defense applications
• Buyers looking to acquire proprietary technology and intellectual property to complement and expand upon existing solutions
KippsDeSanto & Co. is an investment bank focused on delivering exceptional M&A and financing transaction results for leading aerospace / defense and government technology solutions companies. For more information on KippsDeSanto & Co., please visit www.kippsdesanto.com.
We welcome the opportunity to discuss how KippsDeSanto & Co. can help you achieve your strategic objectives.
KippsDeSanto & Co., member FINRA/SIPC, is not affiliated with other companies mentioned herein
LEAD INVESTMENT BANKERS
Michael J. Misantone
KippsDesanto & Co. is pleased to announce the acquisition of our client, Kutta Technologies, Inc. (“Kutta” or the “Company”), by Sierra Nevada Corporation (“SNC”). Kutta is a high-tech designer, developer, and manufacturer of C4ISR software and hardware applications supporting the Department of Defense (“DoD”), leading defense industry prime contractors, and commercial customers. Kutta has created a leading suite of solutions that allow for advanced Unmanned Aerial Systems (“UAS”) command and control (“C2”) integration of UAS into the National Airspace System (“NAS”). This acquisition provides a complementary platform of UAS solutions to SNC’s expanding multi-mission ISR products and services.
Based in Phoenix, AZ, Kutta is a leading developer of mission-critical C2 UAS solutions aimed at improving situational awareness, forward operator safety, the probability of mission success, and communication links. Kutta’s UAS products and solutions solve UAS C2 problems with licensable software components and hardware products. For example, Kutta has designed and fielded a proprietary solution that provides a field-operator with a system to safely and autonomously route multiple UAS and control on board sensors. The Company’s products are designed to meet The North Atlantic Treaty Organization’s (“NATO”) Standardization Agreement 4586 standards and the Federal Aviation Administration (“FAA”) DO-178C guidelines. Kutta has also developed proprietary solutions to address manned / unmanned teaming (UAS control from the cockpit of manned aircraft). Additionally, Kutta is a leader in rugged and survivable communications systems crucial to first responders and the mining industry, holding a Part 23 Mine Safety and Health Administration (“MSHA”) certification for its Digital Radio for Underground Miners (“DRUM”) radio system. Through its partnership with SNC, Kutta expects to deliver even greater value to its customers, as well as pursue additional growth areas.
We believe this transaction demonstrates several key trends in the defense M&A environment:
• Value continues to be placed on next-generation UAS and related C4ISR solutions in support of mission-critical programs
• Growing demand for highly-specialized solutions addressing UAS NAS integration for both commercial and defense applications
• Buyers looking to acquire proprietary technology and intellectual property to complement and expand upon existing solutions
KippsDeSanto & Co. is an investment bank focused on delivering exceptional M&A and financing transaction results for leading aerospace / defense and government technology solutions companies. For more information on KippsDeSanto & Co., please visit www.kippsdesanto.com.
We welcome the opportunity to discuss how KippsDeSanto & Co. can help you achieve your strategic objectives.
KippsDeSanto & Co., member FINRA/SIPC, is not affiliated with other companies mentioned herein
LEAD INVESTMENT BANKERS
Michael J. Misantone