The Riverside Company has added Pittsburgh, Pennsylvania-based TerraSim to its Bohemia Interactive Simulations platform. Bohemia develops and provides games for training technology and interactive simulation systems for defense, emergency and mission-critical customers.
Add-on Expands Military Simulation and Virtual Training Specialist Bohemia Interactive
The Riverside Company has added Pittsburgh, Pennsylvania-based TerraSim, Inc. to its Bohemia Interactive Simulations s.r.o. (Bohemia) platform. Bohemia develops and provides games for training technology and interactive simulation systems for defense, emergency and mission-critical customers.
TerraSim delivers to Bohemia its elite capabilities in automated terrain generation software, which is a highly specialized niche. Bohemia customers will benefit immediately from this infusion of new technology, while the company will gain a platform for expanding both in its current defense markets and in new markets.
“TerraSim builds the world’s best terrain generation software,” said Riverside Partner Dr. Martin Scott, who leads Riverside’s Software and IT specialization in Europe. “This acquisition accelerates Bohemia’s technical capabilities and should open new opportunities for the company.”
Bohemia plans to retain operations at TerraSim’s Pittsburgh office, using existing software and database engineers and leadership while integrating the companies and capitalizing on the enhanced software capabilities for Bohemia’s products and services.
Bohemia makes fully interactive, three-dimensional training and simulation systems for military or commercial training and experimentation purposes, particularly for tactical training and mission rehearsal scenarios.
Bohemia was founded in 2001 in Australia, and has a central sales office in the U.S., part of the Team Orlando area of excellence for military simulation technology. In addition, Bohemia has major sales and operations offices in the UK, Australia, Czech Republic, and Poland, with plans for further international expansion.
Riverside has completed more than 20 software investments, and has a dedicated team of experts in the technology field.
“We were considering acquiring TerraSim even before the Riverside acquisition,” said Bohemia CEO Pete Morrison.“ They’re an exceptional company that brings outstanding technical knowhow. This immediately makes Bohemia a stronger and more capable company.”
Working with Scott on the transaction for Riverside were Principal Adam Pietruszkiewicz, Vice President Ludek Palata and Vice President Marcin Goszyk.
Lape Mansfield & Nakasian, LLC along with McGladrey, LLP advised Riverside on the investment.
The Riverside Company
The Riverside Company is a global private equity firm focused on acquiring growing businesses valued at up to $250 million (€200 million in Europe). Since its founding in 1988, Riverside has invested in more than 300 transactions. The firm’s international portfolio includes more than 75 companies.
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