Hypack expects to generate revenue of approximately $8.5 million in 2015. Used by government agencies, universities, and consultants, the products measure and map features in bodies of water in connection with maritime navigation, marine construction, dredging, offshore oil exploration, pipeline surveys, habitat assessments and search and recovery efforts. Located in Middletown, Conn., Hypack is a provider of hydrographic survey data acquisition, processing and visualization software.
Other terms of the transaction were not disclosed.
News of acquisition was shared in the company’s third quarter earnings announcement. a privately owned company specializing in hydrographic survey software used in ocean, coastal and surface water applications, for approximately $18 million.
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