ASSETT, Inc. Asset Profile

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Year established

1957

Location

Manassas VA US

Primary Industry

Software

About

Based in Virginia, US, and founded in 1957, ASSETT, Inc., operates as a software company that provides intelligent systems for government and commercial customers. The company was founded by Bob McCaig, Galen Plunkett, Gene Hammel, and George Dasher. In August 2021, VTG, a portfolio company of The Jordan Company, acquired ASSETT, Inc. As of 2021, the company’s president is Jim Shannon. ASSETT provides undersea warfare and unmanned systems technologies for government and commercial customers. The company offers various solutions such as AI/ML, battery management systems, integrated bridge systems, systems engineering, cybersecurity, signal processing, human-machine teaming, automated control systems, and many more.

Current Investors

VTG

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Primary Industry

Software

Sub Industries

Business Support Services, IT Security/Cybersecurity, Engineering Software, Analytics & Performance Software

Website

www.assettinc.com

Verticals

Artificial Intelligence, Big Data, Cloud Computing

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Deals

Deals Type
Add-on

Deal Status	Target (s)	Deal Date	Investor(s)	Seller(s)	Deal size (Mn)	Enterprise value (Mn)	Post-money valuation (Mn)	EBITDA multiple (x)	Revenue multiple (x)	Lead partner (s)
Completed	ASSETT, Inc.	21 Aug 2021

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