Riverside acquires TerraSim
Private equity firm The Riverside Company has added Pennsylvania-based TerraSim to its Bohemia Interactive Simulations sro platform.
Bohemia develops and provides games for training technology and interactive simulation systems for defence, emergency and mission-critical customers.
TerraSim delivers to Bohemia its capabilities in automated terrain generation software, which is a highly specialised niche.
“TerraSim builds the world’s best terrain generation software,” says Riverside partner Martin Scott, who leads Riverside’s software and IT specialisation 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 capitalising 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 US, 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,” says Bohemia chief executive Pete Morrison.“ They’re an exceptional company that brings outstanding technical knowhow. This immediately makes Bohemia a stronger and more capable company.”