Software
Lynx Software Technologies | January 10, 2024
Lynx Software Technologies (Lynx), a leader in the development of foundational, open architecture software solutions for the Mission Critical Edge, today announced the acquisition of Thompson Software Solutions, LLC. (TSS), a provider of software development, engineering, and integration solutions to mission-critical aerospace and defense (A&D) platforms, spanning military and commercial fixed- and rotary-wing aircraft, commercial space flight, hypersonic platforms, and command-and-control systems. Its customers include the U.S. Department of Defense (DoD), prime integrators, A&D original equipment manufacturers, and commercial space companies.
Since its founding in 2004, TSS has delivered technical capabilities and strategic insights to enable innovative software products requiring the highest reliability, security, and performance standards. With expertise spanning high-integrity software architecture and development, DevSecOps, cybersecurity, airworthiness certifications, open systems architecture, simulation and training, and AI and machine learning, customers across the A&D end-markets rely upon TSS to provide strategic guidance, differentiated technical capabilities, and a deep understanding of mission requirements. TSS’s Chief Executive Officer, Les Thompson, and Chief Strategy Officer, Patrick McClellen, have taken on senior roles within Lynx following the close of the transaction.
The combination of Lynx and TSS creates a scaled provider of mission-critical software solutions for customers with complex interoperability, safety, and security challenges. Lynx’s foundational software products, open-source expertise, productivity- and security-enhancing development tools, highly technical software engineering services, delivered via both professional and managed services business models, and its highly skilled and security-cleared employee base combine to create a platform company uniquely positioned to support the full software development lifecycle for clients in aerospace, defense, and other heavily regulated end-markets.
“The TSS team has built the company on a solid foundation of trusted customer relationships, innovative and cutting-edge technical capabilities, and flawless execution. With TSS’s high-value and differentiated software development and integration capabilities, we will be better equipped to enable aerospace and defense OEMs and prime integrators to accelerate the design, development, and deployment of their products and platforms,” commented Tim Reed, Chief Executive Officer of Lynx. “As we end 2023, Lynx’s portfolio of solutions spans from the operating system to the application layer, certifiable real-time, to general purpose and open-source, and from commercial-off-the-shelf (“COTS”) to government-off-the-shelf (“GOTS”) software products. I’m thrilled to work with Les and the TSS team as we continue delivering comprehensive and unique software-enabled solutions to customers whose needs extend from the development pipeline to the Mission Critical Edge.”
“Throughout my twenty years leading TSS, we’ve been consistently committed to delivering robust software solutions that meet the stringent requirements of our customers while ensuring they can stay on schedule and budget,” commented Les Thompson, Chief Executive Officer of TSS. “From our first discussions with Tim and the Lynx team, it became clear that Lynx is not just a vendor looking to push products but a committed, mission-oriented partner with the same objectives we have here at TSS, which includes continuing to deliver on our shared goal of providing resilient, secure, and performant software solutions targeted at the most demanding mission-critical environments.”
“The combination of Lynx and TSS creates a software solutions platform placed at the center of priority aerospace and defense investment areas, notably open standards, modularity, and security. Like TSS, Lynx has an established track record of exceeding customer expectations with its innovation, performance, and value proposition. As a combined company, Lynx and TSS are well-positioned to grow as our clients continue to execute on the software modernization, integration, and development priorities,” commented Patrick McClellen, Chief Strategy Officer of TSS.
About Lynx Software Technologies
Lynx Software Technologies is on a mission to improve the economics of developing, deploying, and maintaining high-assurance Mission Critical Edge platforms with modular software solutions based on open standards. Our proven technology leadership, extensive system certification expertise, and commitment to open standards have consistently saved our customers millions of dollars in development costs while delivering desired system performance, security, and reliability on schedule. Lynx is committed to enabling customers to build and manage orchestrated, cloud-connected platforms that harness a broad array of modern technologies and unique design methodologies to enable accurate, deterministic decisions at the Mission Critical Edge without compromising safety or cybersecurity requirements. For more information, visit www.lynx.com.
About Thompson Software Solutions
Founded in 2004 with locations in Atlanta, GA and Fort Worth, TX, the Thompson Software Solutions team understands what is required to develop, integrate, test, and deploy software with a safety-critical pedigree while meeting the challenges of modernization and digital transformation. Our team of proven and dedicated employees takes pride in our ability to react quickly and produce quality solutions to difficult technical challenges. We work with partners to find the right path to meet operational needs while future-proofing systems with portability and sustainment considerations to ensure next-generation success. For more information, visit https://www.thompsonsoftwaresolutions.com.
About OceanSound Partners
OceanSound Partners is a New York-based private equity firm that pursues control investments in technology and technology-enabled services companies serving government and enterprise end markets. OceanSound employs a partnership approach, working closely with founders, entrepreneurs, and executives of middle market businesses to drive transformational growth. For more information, visit www.oceansoundpartners.com.
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Future Tech
Lynx Software Technologies | December 12, 2023
Lynx Software Technologies (Lynx), a leader in the development of foundational, open architecture software solutions for the Mission Critical Edge, today announced the acquisition of Timesys Corporation (Timesys), a provider of development tools, cybersecurity solutions, and differentiated software engineering services for open-source embedded and edge software applications.
For over 20 years, Timesys has been an industry leader, helping customers build, secure, test, and maintain Linux-based and other open-source edge and embedded software solutions. Over 200 clients across aerospace, defense, industrial, medical, and enterprise end-markets rely on Timesys’ Linux expertise and developer productivity and security solutions to ensure on-time and on-budget delivery of reliable, secure, open-source software products. Central to this has been Timesys’ value-added developer productivity and cybersecurity solutions, including software composition analysis (“SCA”) tools that enable the production and management of software bill of materials (“SBOM”) and managed service offerings tied to Linux distribution and open-source software lifecycle management.
“Lynx’s mission is to improve the economics of designing, deploying, and servicing high-assurance edge software solutions,” commented Tim Reed, Chief Executive Officer of Lynx. “Increasingly, our customers leverage Linux-based solutions alongside safety-critical software within mixed-criticality systems. The addition of Timesys’ development and cybersecurity tools and its Linux engineering services enable Lynx to support our customers more effectively across a full spectrum of complex edge and embedded software needs. I’m thrilled to welcome the Timesys team to the Lynx family.”
The combination of Lynx and Timesys creates a scaled software solution provider focused on Mission Critical Edge and embedded software applications for customers with the most demanding reliability, security, and interoperability needs. With the addition of products and services offered by Timesys, the LYNX MOSA.ic platform will be able to deliver incremental value, functionality, and security to mixed-criticality systems requiring the real-time software determinism of Lynx’s core IP and the flexibility of the Linux open-source platform. All products currently offered by Lynx and Timesys will remain available and supported.
“Lynx’s products are built on a foundation of openness, efficiency, and flexibility, which aligns strongly with our core focus on open-source software ecosystems,” said Atul Bansal, Chief Executive Officer of Timesys. “The Timesys team is excited to join the Lynx platform and leverage the Lynx’s scaled corporate infrastructure, go-to-market resources, and technical expertise while providing our expertise in Linux-based software solutions to further the differentiation of our combined portfolio of offerings.”
CEO ally, Inc. acted as exclusive M&A advisor to Timesys.
About Lynx Software Technologies
Lynx Software Technologies, an OceanSound Partners portfolio company, is on a mission to improve the economics of developing, deploying, and maintaining high-assurance Mission Critical Edge platforms with modular software solutions based on open standards. Our proven technology leadership, extensive system certification expertise, and commitment to open standards have consistently saved our customers millions of dollars in development costs while delivering desired system performance, security, and reliability on schedule. Lynx is committed to enabling customers to build and manage orchestrated, cloud-connected platforms that harness a broad array of modern technologies and unique design methodologies to enable accurate, deterministic decisions at the Mission Critical Edge without compromising safety or cybersecurity requirements. For more information, visit www.lynx.com.
About Timesys
Timesys is a pioneer and industry leader in open-source software security solutions, development tools, and engineering services and consulting, spanning the embedded software market. With Timesys’ expertise, customers are able to reduce development costs and accelerate time-to-market for edge devices and IoT systems and applications using embedded Linux, Android, FreeRTOS, Zephyr, and other open-source solutions. For more information, visit www.timesys.com.
About OceanSound Partners
OceanSound Partners is a New York-based private equity firm that pursues control investments in technology and technology-enabled services companies serving government and enterprise end markets. OceanSound employs a partnership approach, working closely with founders, entrepreneurs, and executives of middle market businesses to drive transformational growth. For more information, visit www.oceansoundpartners.com.
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General AI
Deloitte | October 13, 2023
Deloitte integrates Generative AI into SAP BTP to optimize ERP services.
The Clean Core + Edge Innovation strategy streamlines cloud development and AI in SAP BTP.
Deloitte's AI commitment evident in training 120,000 professionals, recognized by SAP.
Deloitte's latest move involves an expansion in its practices for the SAP Business Technology Platform (SAP BTP) by incorporating generative AI solutions for its clients. The integration of these advanced technologies aims to streamline processes and provide data-driven insights, ultimately enhancing the value delivered to clients within the enterprise resource planning (ERP) domain.
Deloitte's strategy, known as Clean Core + Edge Innovation, emphasizes the fusion of cloud application development and AI capabilities within the SAP BTP framework. The goal is to enable clients to derive tangible business outcomes while minimizing technical complexities. By leveraging SAP BTP's capabilities in conjunction with Generative AI, Deloitte anticipates delivering tailored solutions optimized for cloud-based ERP platforms.
Chip Kleinheksel, Enterprise Performance Generative AI Leader and SAP Chief Technology Officer at Deloitte Consulting LLP, reportedly emphasized,
Our efforts to drive innovation and value for clients remain at the forefront of our strategy. Expanding our SAP BTP practices is the next step in our journey, bolstering our AIOPS.D micro-solutions and enabling SAP AI Services to facilitate autonomous processes within industry-specific cloud solutions.
[Source – CISION PR Newswire]
Juergen Mueller, Chief Technology Officer and Executive Board Member of SAP SE, highlighted the significance of SAP BTP in fostering generative AI-powered applications across various business functions. He reportedly stated,
Deloitte's Clean Core + Edge Innovation approach can accelerate opportunities for transformation through generative AI, particularly in conjunction with SAP S/4HANA and SAP BTP. This expansion highlights our commitment to continuously innovating and unlocking new value for customers.
[Source – CISION PR Newswire]
Furthermore, Deloitte's Clean Core + Edge Innovation approach aims to reduce technical debt and facilitate agile innovation through SAP BTP's capabilities, such as low-code application extensions and API-driven integration. The integration of generative AI applications, including agent-based simulation, virtual assistants, predictive analytics, computer vision, and natural language processing, seeks to bolster enterprise productivity and expertise.
Deloitte's commitment to advancing its generative AI capabilities is underscored by its investment in training over 120,000 professionals through the AI Academy, as well as its substantial financial commitment to global technology learning and development initiatives.
With the recent recognition from SAP through the SAP Pinnacle Award and the Premium Supplier Designation for Cloud Managed Services, Deloitte remains dedicated to delivering innovative solutions to its clients, solidifying its position as a leader in the professional services landscape.
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