Transaction positions Lynx to access the rapidly growing software enablement market for graphics processing units, which is expected to exceed $20 billion by 2030
Lynx Software Technologies, Inc., a leader in foundational, open architecture software solutions for edge computing, has announced the acquisition of Core Avionics & Industrial, Inc. CoreAVI is the leading provider of development tools, software libraries, and deployable software packages that enable safety-critical graphics processing unit (“GPU”)-based computing, including certified graphics rendering, autonomy, and AI applications. The acquisition positions Lynx to tap into the rapidly growing market for GPU-enabled safety systems, which is forecasted to reach $20 billion by 2030 across aerospace, defense, space, and other mission-critical end markets.
Since its founding in 2005, CoreAVI’s solutions have enabled semiconductor partners and customers to leverage the power of GPU-driven processing in safety-critical systems, initially to run safety-certified graphics in high-assurance systems, and then as technology progressed, to run machine-learning, neural networks, and AI workloads. Its differentiated products and technical software engineering capabilities support the expanding uses of GPU-based computing in mission-critical avionics platforms, space-based systems, military ground and naval applications, automotive, medical, and other industrial use cases.
CoreAVI’s advanced product suite complements Lynx’s portfolio of foundational software products, development tools, open-source expertise, and software development services focused on leveraging the capabilities of multi-core processors. Together, Lynx and CoreAVI address some of the most challenging software requirements of customers with complex interoperability, safety, security, and data processing challenges for next-generation aerospace, defense, industrial, and automotive platforms. The combined company has approximately 300 employees, nearly 60 patents, and has jointly invested thousands of engineering staff years in research and development to advance its product portfolio.
“Lynx’s vision is to build an ecosystem of IP that aligns with market-established open standards and partner-enabled capabilities to address the software challenges of the most demanding customers,” said Tim Reed, CEO of Lynx. “With CoreAVI, we are taking a critical step toward the future of high-assurance computing as we expand into the GPU computing market for safety- and security-critical systems. By adding CoreAVI’s leading technologies for high-performance computing and graphics systems to the Lynx MOSA.ic suite of edge computing solutions, we are now able to provide a comprehensive suite of software solutions and services that enable our customers to deploy next-generation, certified technologies that include real-time safety control, cybersecurity, AI, autonomy, and computer vision capabilities.”
“The safety-critical embedded computing market is aggressively transitioning toward standardization to enable accelerated time to market and improve the economics of robust computing,” said Damian Fozard, CoreAVI’s Founder and CEO. “This requires technologies that simplify the development, deployment, and orchestration of software-defined embedded systems. For nearly two decades, CoreAVI has been a leading voice and active participant in standards bodies to promote the adoption of open standards. Since each company’s founding, Lynx and CoreAVI have been intently focused on simplifying the software development efforts of our customers via modular and interoperable solutions. Together, we can now enable customers to develop, deploy, and orchestrate mixed-criticality edge systems at scale and at pace with a mature set of industry-proven building blocks to enable safe, secure, and reliable performance.”
Troutman Pepper Hamilton Sanders LLP and Fairmount Partners, LP served as legal and financial advisors, respectively, to CoreAVI. Womble Bond & Dickinson LLP and Skadden Arps Slate Meagher & Flom LLP served as legal advisors and Lincoln International LLC served as financial advisor to Lynx.
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 and security 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 CoreAVI
Core AVI provides software and components that enable the deployment of graphics processors into the safety-critical systems of avionics platforms, ground control stations, land vehicles, naval vessels, automotive, medical and industrial systems. Our solutions are built on industry-recognized open standards and have been refined over 20 years of research and development. CoreAVI’s pre-integrated products dramatically reduce project risk and time to market and are designed for the highest levels of safety certification. Our products support graphics rendering and GPU compute applications including safe autonomy, machine vision, and AI. For more information, visit www.coreavi.com.
About Fairmount Partners
Fairmount Partners is an independent investment banking firm focused on supporting middle-market companies complete mergers and acquisitions, raise funds for growth, acquisitions, and liquidity, and design and improve their corporate development strategies. Fairmount’s clients include successful entrepreneurs, private equity-sponsored enterprises, and global public companies. Since 2003, Fairmount has completed more than 300 transactions representing over $17 billion in aggregate value across 25 countries throughout North and South America, Europe, Asia, and Australia. For more information, please visit www.fairmountpartners.com.
