Lynx Software Technologies Acquires Timesys Corporation: Strengthening Edge Software Solutions

Lynx Software Technologies, a leader in open architecture software solutions for the Mission Critical Edge, has announced the acquisition of Timesys Corporation. Timesys is renowned for its development tools, cybersecurity solutions, and software engineering services for open-source embedded and edge software applications.

For over two decades, Timesys has been assisting customers in building, securing, testing, and maintaining Linux-based and other open-source edge and embedded software solutions. With expertise across multiple industries, including aerospace, defense, industrial, medical, and enterprise, Timesys has become a trusted partner for over 200 clients. Timesys' value-added developer productivity and cybersecurity solutions have played a crucial role in ensuring the delivery of reliable and secure open-source software products.

Lynx Software Technologies is on a mission to enhance the economics of developing, deploying, and maintaining high-assurance Mission Critical Edge platforms. With this acquisition, the company aims to better support customers with mixed-criticality systems that leverage Linux-based solutions alongside safety-critical software. By integrating Timesys' development and cybersecurity tools, Lynx will be able to provide a comprehensive range of complex edge and embedded software solutions.

The merger between Lynx and Timesys creates a scaled software solution provider focused on delivering reliable, secure, and interoperable Mission Critical Edge and embedded software applications. The addition of Timesys' products and services will enhance the functionality and security of Lynx's MOSA.ic platform, combining the real-time software determinism of Lynx's core IP with the flexibility of the Linux open-source platform. Both Lynx and Timesys will continue to offer their existing products, ensuring a seamless transition for their customers.

Atul Bansal, CEO of Timesys, expressed enthusiasm about joining forces with Lynx. He highlighted the alignment between Lynx's commitment to openness, efficiency, and flexibility and Timesys' focus on open-source software ecosystems. Under Lynx's corporate infrastructure and technical expertise, Timesys aims to further differentiate their combined portfolio of offerings and provide their Linux-based software solutions to a broader audience.

The acquisition of Timesys is a strategic move for Lynx Software Technologies as it expands its capabilities and enhances its market position. CEO Tim Reed welcomed the Timesys team to the Lynx family and expressed his excitement about the collaboration.

Lynx Software Technologies, an OceanSound Partners portfolio company, has consistently demonstrated technology leadership, certification expertise, and commitment to open standards. Their modular software solutions based on open standards have helped customers save millions of dollars in development costs while ensuring system performance, security, and reliability.

Timesys, on the other hand, is a pioneer and industry leader in open-source software security solutions, development tools, and engineering services. With their expertise, customers can reduce development costs and accelerate time-to-market for edge devices and IoT systems.

OceanSound Partners, a New York-based private equity firm, facilitated the acquisition by acting as the exclusive M&A advisor to Timesys. OceanSound Partners focuses on control investments in technology and technology-enabled services companies serving government and enterprise end markets.

In conclusion, the acquisition of Timesys Corporation by Lynx Software Technologies marks an important milestone in strengthening edge software solutions. The combined expertise and resources of these two industry leaders will benefit customers who require reliable, secure, and interoperable software applications for their Mission Critical Edge systems. With Lynx's commitment to openness and flexibility, and Timesys' focus on open-source software ecosystems, the future looks promising for the Lynx family.