Abaco Systems Limited
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Abaco Systems Limited - overview
Established
2015
Location
Huntsville, AL, US
Primary Industry
Electronics
About
Founded in 2015 and based in Huntsville, Alabama, Abaco Systems Limited provides innovative computing solutions, focusing on rugged embedded electronics and advanced technology for defense and commercial sectors. Abaco Systems Limited specializes in advanced computing solutions, particularly rugged embedded electronics. The company was founded in 2015 in Huntsville, Alabama, and has undergone no notable pivots since its inception. Abaco was acquired by Ametek, Inc.
in an all-cash transaction worth USD 1350 mn, finalized in April 2021. The CEO, Rich Sorelle, is recognized for his commitment to technological advancements in the field. Abaco Systems specializes in advanced computing solutions, primarily offering rugged embedded electronics and commercial open architecture computing products. Their core product offerings include a variety of single-board computers, digital signal processing solutions, graphics and video systems, and network communications equipment, all designed to meet the rigorous demands of aerospace, defense, industrial, and medical sectors.
Notably, the GRA117S, a SOSA-aligned Open VPX 3U video graphics and GPGPU card, showcases their commitment to innovative technology, featuring the NVIDIA RTX™ GPU with 16 GB GDDR6. Abaco's products serve a diverse clientele, including military branches such as the US Army, Navy, and Coast Guard, as well as commercial sectors, providing solutions that transform sensor data into actionable information across various applications. Their products are marketed globally, with a particular emphasis on North America, Europe, and Asia-Pacific regions. Abaco Systems operates under a B2B model, supplying a wide range of rugged embedded computing solutions to military and commercial clients.
Revenue generation occurs primarily through direct sales of their flagship products, including their innovative single-board computers and digital signal processing systems. The company’s pricing structures typically align with project specifications and customer needs, often involving long-term contracts and technology insertion programs to ensure ongoing support and product compatibility. The sales transactions may also involve partnerships with defense contractors and system integrators, facilitating comprehensive solutions tailored to end-users’ requirements. Given the emphasis on advanced technology and ruggedization, Abaco’s offerings are positioned to maximize return on investment for their clients across various sectors.
Following the recent acquisition by Ametek, Inc. , Abaco Systems plans to leverage its resources to enhance product development and market reach. The company is focused on designing new products, though specific release dates have not been disclosed. Targeted expansion efforts will include deeper penetration into North American and European markets, which are anticipated to be completed by the end of 2023.
The proceeds from the USD 1350 mn acquisition deal will be utilized to support these initiatives, allowing Abaco to strengthen its position in the rugged computing solutions sector and develop innovative technologies in the coming years.
Primary Industry
Electronics
Sub Industries
Integrated Circuits, Analytics & Performance Software, Application Integration Software, Engineering Software, Scientific Software
Website
www.abaco.com
Verticals
Cloud Computing
Company Stage
Acquired
Total Amount Raised
Subscriber access only
Abaco Systems Limited - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Abaco Systems Limited | - | ||||||||
| Buyout | Completed | Abaco Systems Limited | - |
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