Transactions: BBN Technologies

  • Date/Status
  • Client
  • Description
  • Transaction Value
  • October 26, 2009
  • Exclusive financial advisor to BBN Technologies on its sale to Raytheon
  • $350 million

Following a decision by General Catalyst and Accel Partners to monetize their investment in BBN Technologies, a leading provider of research and development focused on critical solutions for national defense and security missions, the company agreed to be acquired by Raytheon for $350 million. The transaction strengthened Raytheon’s technological capabilities in the fields of networking, speech and language recognition solutions, sensor systems, cybersecurity and information technology.