In an effort to divest itself of the protection and safety market, iRobot has sold its D&S property to create a new firm devoted to all things military. The new firm is led by CEO Sean Bielat, a former Marine officer.
From the discharge:
The iRobot Defense & Security (D&S) group is happy to announce that it’s going to grow to be a standalone, privately held Robotics Company centered completely on the wants of protection, public security and industrial markets.
The new firm will likely be led by the present iRobot D&S administration staff and CEO Sean Bielat, a former iRobot D&S govt and U.S. Marine officer. Tom Frost, present senior vice chairman of iRobot’s Defense & Security enterprise unit, will function President of the brand new enterprise. Together, the staff will construct upon iRobot’s 15 12 months confirmed monitor report of delivering prime quality robotic designs and robust repute for assist.
The new firm is funded by Arlington Capital Partners and can give attention to navy and protection contracting. The house robotic division will stay intact.
Moves like this one are attention-grabbing for a number of causes. First, this isolates every enterprise right into a separate firm and ensures that not one of the protection purchasers are misplaced in a bigger group. Further, it ostensibly improves iRobot’s picture as a result of the house robots will not be seen as an offshoot of the navy bots particularly contemplating the notion of privateness and security. After all, we don’t need our vacuums to depart and enlist within the U.S. Army 1st Robotic Division when the subsequent huge one hits.