InVeris Training Solutions, Inc.

InVeris Training Solutions, based in Suwanee, US, specializes in advanced training systems, providing integrated live fire and virtual training solutions tailored for military, public safety, and commercial sectors. InVeris Training Solutions, Inc. was established in 1926 and is focused on developing advanced training systems. Previously known as Meggitt Training Systems, it was acquired by Pine Island Capital Partners on June 30, 2020, for USD 146 mn and subsequently rebranded.

The company operates from its headquarters in Suwanee, Georgia. InVeris Training Solutions specializes in integrated live fire and virtual weapons training systems designed for military, public safety, and retail/commercial clients. Their core offerings include the fats® family of products, which encompasses virtual training systems such as fats® VR and fats® LIVE, as well as live fire training solutions that include advanced targetry and range control systems. These products utilize augmented reality and virtual reality technologies coupled with real firearms to simulate a variety of training scenarios, enabling users to enhance their tactical skills in a safe environment.

The company’s products are tailored to meet the needs of law enforcement agencies, military units, and commercial entities, facilitating training that addresses a wide range of operational scenarios. InVeris serves markets globally, with a particular focus on North America and allied countries seeking to enhance their training capabilities. InVeris Training Solutions operates primarily on a direct sales model, engaging clients through business-to-business transactions that cater to military and public safety organizations. The company may leverage partnerships with government agencies and private sector entities to supply its training systems.

Transactions typically involve the sale of hardware and software products, including flagship offerings such as the fats® LIVE and fats® VR systems, which are integral to the training programs of various clients. Pricing structures are based on comprehensive training packages that could include initial setup, ongoing support, and upgrades to ensure compatibility with evolving training requirements. The company’s revenue derives from these product sales, bolstered by service agreements that enhance customer engagement and satisfaction. Following its acquisition in June 2020, InVeris Training Solutions is poised for growth by introducing new products and expanding its market presence.

The company plans to launch innovative training solutions in the near future, focusing on enhancing virtual reality capabilities. Additionally, InVeris aims to enter new markets, particularly in Europe and Asia, by the end of 2023, leveraging recent funding from the Buyout round to support product development and market expansion initiatives.