Aerojet Leads Investment in Unified Nexsys
SACRAMENTO, Calif. (March 18, 2013) - Aerojet, a GenCorp (NYSE: GY) company, announced today that its investment in Carlsbad-based company Unified Nexsys, Inc. closes the Series A funding round for the software startup.
Unified Nexsys manufactures software and hardware technologies that discover, configure and connect devices securely to Wide Area Network clients over any Internet Protocol-based networks. The streamlined configuration solutions enable real-time situational awareness, access and control across different user platforms and devices.
The strategic partnership will help drive Unified Nexsys' solutions into commercial markets as part of a defense commercialization project while Aerojet will continue to develop applications for the military and homeland security markets.
Established in June 2012, Unified Nexsys delivers unique software applications to the education, public safety and healthcare markets. Leveraging a relationship with the Veterans Affairs Hospital in Palo Alto, Calif., the company has developed groundbreaking software for operating room procedures including data capture software to record and store procedure video; Virtual Microscopy to review specific pathologies, and a tool to stream and remotely share digital imagery.
"Having a strategic partner such as Aerojet is unusual for a company of our size, but it is a testament to the quality and depth of the software that we have developed in the past," said Unified Nexsys Chief Executive Officer, Tom Baird. "We expect significant growth in commercial markets and we will leverage Aerojet's world-class reputation in the defense and homeland security space to gain additional share that will support and grow their core businesses."
Aerojet, building from Unified Nexsys' efficient software applications, will offer system-level solutions to the Department of Defense for everything from health monitoring of missile systems and plug and play satellites to smart electric meters and digitized factory operations.
"We saw great opportunity to join with Unified Nexsys and our investment secures us as their partner of choice for defense applications," said Aerojet President Warren M. Boley, Jr. "The synergies between our organizations are ideal for elevating this technology to best serve the strategic needs of the defense industry."
Aerojet is a world-recognized aerospace and defense leader providing propulsion and energetics to the space, missile defense, strategic, tactical missile and armaments areas in support of domestic and international markets. GenCorp is a leading technology-based manufacturer of aerospace and defense products and systems with a real estate segment that includes activities related to the entitlement, sale, and leasing of the company's excess real estate assets. Additional information about Aerojet and GenCorp can be obtained by visiting the companies' websites at http://www.Aerojet.com and http://www.GenCorp.com.
About Unified Nexsys
Established in 2012, Unified Nexsys provides custom software applications in the education, healthcare and military markets. Leveraging a sophisticated unified communications platform, Unified Nexsys integrates communications within workflow and process applications to deliver complex solutions efficiently. Unified Nexsys is headquartered in Carlsbad, California. For more information, please visit: http://www.unifiednexsys.com.
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