HYPACK will stand proudly next to the ocean and coastal experts from Xylem brands like SonTek, Aanderaa and YSI." About Xylem Analytics "HYPACK's bathymetric products and services, partnered with long-standing customer relationships will further expand our ocean and coastal capabilities. "The addition of HYPACK's premium products and application expertise supports our strategy to acquire attractive businesses that complement our global analytics portfolio, and our continued commitment to provide the best solutions to the tough challenges our customers face every day across the water industry," said Colin Sabol, Xylem's Senior Vice President and President of Analytics and Treatment. HYPACK expects to generate revenue of approximately $8.5 million in 2015. Used by government agencies, universities, and consultants, HYPACK 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 & recovery efforts. Located in Middletown, Connecticut, HYPACK is a leading 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.
HYPACK INC SOFTWARE
a privately-owned company specializing in hydrographic survey software used in ocean, coastal and surface water applications, for approximately $18 million. (NYSE: XYL), a leading global water technology company dedicated to solving the world's most challenging water issues, has acquired HYPACK, Inc. a privately-owned company specializing in hydrographic survey software used in ocean, coastal and surface water applications. Xylem analytics portfolio expanded with HYPACK acquisition HYPACK is a leading provider of hydrographic survey data acquisition, processing, and visualization software
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