Calian Completes $15M Purchase of SimFront
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Calian Group has acquired Canadian-based SimFront, effective immediately. The companies have a 15-year collaborative relationship within the Department of National Defence. During this period, the SimFront Virtual Command and Control Interface (VCCI) Tool Suite has served as the cornerstone for Simulation-to-Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance (C4ISR) integration/interoperability and After-Action Review (AAR). The VCCI Tool Suite combined with Calian MaestroEDE will now enable Calian to provide end-to-end military training and simulation capabilities and pursue new opportunities with customers seeking integration and immersive training support. SimFront integration and augmented/virtual/mixed reality solutions elevate Calian capabilities in this area.
SimFront customers include Land Forces and Navy in the Canadian Department of National Defence, the UK Ministry of Defence and the Asia Pacific Region. Their simulation-to-C4ISR integration expertise and solutions help strengthen decision-making, performance and readiness of tactical commanders and staff in operational environments.
In addition to defence experience, SimFront provides immersive training simulations for the healthcare and oil & gas industries and has been developing simulation software since 2013. These simulations help improve employee safety and performance against identified tasks.
The definitive agreement is valued at up to CDN$15 million. The amount paid on closing is CDN$9 million and contains earnouts of up to CDN$6 million based on the achievement of a certain level of EBITDA performance over the next 24 months.
