VTG, a force modernization and digital transformation solutions provider, has acquired ASSETT, Inc., an undersea warfare and unmanned systems technologies company.
The acquisition adds artificial intelligence and machine learning applications and submarine acoustic expertise to VTG’s naval systems portfolio.
John Hassoun, VTG president and CEO, said he’s excited to welcome ASSETT’s engineers, software developers and scientists to the company.
“Submarines, unmanned platforms, and AI/ML-enabled C5ISR systems will play an increasingly important role in Distributed Maritime Operations,” he said. “ASSETT is developing the solutions and emerging technologies that will be foundational to this dispersed and networked fleet architecture. We look forward to bringing these transformational technologies and expertise to the Navy as well as customers across the Defense enterprise and Intelligence Community.”
In its work supporting defense modernization, ASSETT developed and fielded a prototype integrated control system for combat submersibles and a battery management system for lithium-ion powered platforms. The company also focuses on systems and cybersecurity engineering, software development and data science, model-based systems engineering, DevSecOps and human-machine teaming.
“ASSETT and VTG share similar cultures and strong core values, and I’m confident that this partnership will enable us to realize our vision of continuing to develop next generation solutions for our customers,” said ASSETT president, retired Rear Adm. Jim Shannon.
ASSETT also developed and fielded prototype technologies using Small Business Innovation Research phase three agreements and Other Transaction Authority contracts, which are now the foundation of a growing VTG solutions portfolio.
“As a result of this acquisition, ASSETT employees will enjoy expanded growth opportunities and our combined clients will have access to a wider array of expertise, tools, and technologies to help them achieve their goals,” Shannon added.
Shannon will continue to lead ASSETT as it is integrated into the VTG enterprise as a technology development center of excellence.