Cubic Completes Acquisition of Intific Inc. to Strengthen Virtual Simulation and Advance Research Capabilities
March 03 2014 - 7:00AM
Business Wire
Austin Work Force to Add to Cubic’s Culture of
Innovation
Cubic Corporation announced today that it has completed the
acquisition of Intific, Inc., an Austin, Texas-based advanced
technology company focused on software and game-based solutions in
modeling and simulation, training and education, cyber warfare, and
neuroscience. Intific will become part of the Cubic Defense Systems
segment which is a market leader in innovative live, virtual, and
game-based training solutions. Intific completed 2013 with
approximately $14 million in revenue and employs 80 personnel
primarily located in Austin, Texas and Alexandria, Va.
The acquisition enables Cubic to broaden its presence in a
variety of adjacent businesses in the cyber security, next
generation defense technologies including game based learning
solutions, and transportation related training applications.
Intific brings a wide range of expertise to Cubic including
computer simulation, animation, human-machine interaction,
robotics, neuroscience, visualization, gaming, and artificial
intelligence. Intific’s core software and gaming competencies are
aimed at the creation of simulations for planning, operation
rehearsal, location familiarization, and decision making. They have
a long history of successfully delivering leading edge technology
oriented projects for customers which include the U.S. Defense
Advanced Research Projects Agency (DARPA), Volpe National
Transportation Systems Center, and the Air Force Research
Laboratory (AFRL). Recently, Intific was awarded the Foundational
Cyberwarfare (Plan X) project by DARPA to develop platforms for the
Department of Defense to plan for, conduct, and assess cyberwarfare
in a manner similar to kinetic warfare.
“We plan to harness the creative energy of Intific’s workforce
and to combine their considerable portfolio of leading edge
capabilities and solutions with our market footprint and product
mix. Bringing together our respective companies will allow us to
continue to be thought leaders in our core market and deliver
leading edge innovative solutions for our customers,” said Dave
Schmitz, president of Cubic Defense Systems.
“We were looking for a partner that values innovation, advanced
technologies, and one that can broaden our customer footprint in
the US and abroad,” said Pete Bonanni, president of Intific. “The
Intific team will enhance Cubic’s solutions for markets in defense,
cyber, and transportation worldwide.”
“Intific is well aligned with our strategic imperatives of
broadening our advanced research capabilities and expanding our
reach into game based learning and the cyber domain. We believe
that Intific’s technology and capabilities can address some of the
unique requirements that exist across all of Cubic’s businesses.
They are a great addition to the Cubic family,” said William W.
Boyle, chief executive officer of Cubic Corporation.
About Cubic Corporation
Cubic Corporation is the parent company of three major
business segments. Cubic Transportation Systems is a leading
integrator of payment and information technology and services for
intelligent travel solutions. Cubic Defense Systems is a leading
provider of realistic combat training systems and secure
communications. Mission Support Services is a leading provider of
training, operations, maintenance, technical and other support
services for the U.S. and allied nations. For more information
about Cubic, see the company's Web site at www.cubic.com.
Cubic CorporationTimothy HillDirector of Corporate
Communications858-505-2430
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