Alexandria, VA – ObjectFX, a leading provider of location-based intelligence solutions, announced today its acquisition by a group of private-equity investors based in Alexandria, Virginia.
The company also announced that significant investments are underway for continued enhancements of ObjectFX’s geospatial decision-support engine for analyzing massive streams of spatial and temporal data.
“Both our commercial and government clients have asked for these advancements,” said the company’s new Chairman, Tim Fleischer. “We are excited about releasing the new features later this year.”
ObjectFX won the prestigious Industry Achievement Award last year from the U.S. Geospatial Intelligence Foundation. The company maintains a long-running cooperative research and development agreement with the National Geospatial-Intelligence Agency.
David Hemphill, who continues as Chief Technology Officer for ObjectFX, said the new product functionality will help fill serious gaps existing in the marketplace for key user groups in defense, intelligence, security and law-enforcement, along with customers in the transportation management and logistics sectors. Clients will be working as joint development partners on the new program, with more details to be announced this fall, Hemphill said.
ObjectFX will maintain its offices in Minneapolis and has opened offices in Alexandria, Virginia. With the acquisition and new ownership, ObjectFX becomes a Service-Disabled Veteran-Owned Small Business. Steve Panzer, who led the company as its President through a strategic review and the sale of the business, remains with ObjectFX as a senior consultant.
The acquisition and capitalization of ObjectFX is made possible by TransVoyant, a private-equity firm based in Alexandria, VA. Tim Fleischer, a graduate of the U.S. Naval Academy and former Naval officer, is the firm’s Chairman. He holds a Master of Science degree in Management Information Systems from the George Washington University and is also a member of the Board of Trustees for the National Defense Industrial Association (NDIA). Mr. Fleischer founded and is Chairman of Portal Dynamics and PD Systems. These companies serve the U.S. military and civilian agencies with information technology, energy, and telecommunications solutions for global logistics, maintenance and training support.
ObjectFX delivers geospatial solutions to leverage the value of dynamic spatial and temporal data in gathering intelligence, managing risk, and monitoring and improving operations. These solutions allow clients to respond more quickly to changing conditions in their operating and risk environments. ObjectFX employs a team of skilled consultants and developers with multiple levels of security clearances. This team assists customers in designing, implementing, and managing ObjectFX solutions and providing outcomes-focused intelligence and risk consulting services. ObjectFX products and services are a foundation or complementary technology for a wide range of applications used across multiple vertical industries and organizations. Representative customers include Boeing, General Dynamics, Lockheed Martin, SAIC, the United States Army, Union Pacific and United Airlines. ObjectFX has offices in Minneapolis, Minnesota, and Alexandria, Virginia.