SightLine Applications (“SightLine”, or “the Company”), a leading developer of image processing electronics and software that enable the success of Intelligence, Surveillance and Reconnaissance (ISR) and Counter-Unmanned Aerial Systems (C-UAS) missions across complex domains has been acquired by Artemis Capital Partners (“Artemis”).
Based in Portland, Oregon and Hood River, Oregon, for over 15 years, SightLine has delivered field-proven, on-board, AI/ML-enabled video processing solutions optimized for missions performed at the tactical edge. With millions of operating hours and more than 35,000 license installations, SightLine has built a reputation as a trusted expert partner to its OEM, prime integrator and government customers by offering highly configurable and interoperable products combined with deep application engineering expertise across a range of gimbal, unmanned aerial systems (UAS), unmanned ground vehicle (UGV) and pan-tilt-zoom (PTZ) electro-optical platforms.
Artemis Principal, Euan Milne, commented, “We are delighted to partner with Steve Olson and Jordan Holt, and the entire SightLine team, as we embark on the next phase of SightLine’s growth. As an established market leader in edge video processing with a talented team and blue-chip customers, we believe SightLine is well positioned to benefit from the anticipated growth in unmanned real-time applications in defense and commercial markets. We could not be more excited about the future of SightLine.”
Steve Olson, Co-Founder and President of SightLine, expressed his enthusiasm for the partnership, stating, “We are confident that joining forces with Artemis will enable SightLine to capitalize on new growth opportunities and accelerate our organizational and technology roadmap development. Artemis’ industry knowledge, shared values and commitment to our vision will undoubtedly help us enhance our product offerings and better serve our customers.”
Jordan Holt, Co-Founder and CTO of SightLine, also shared his thoughts on the acquisition, saying, “We are excited to embark on this new chapter with Artemis as our strategic partner. Their strong focus on innovation, aligns perfectly with our mission to deliver cutting-edge video processing solutions for our customers’ most demanding applications. We look forward to the future success and expansion of SightLine in partnership with Artemis.”
Philpott Ball & Werner, LLC served as the exclusive investment banking advisor to SightLine. Perkins Coie served as legal advisor to SightLine. Mintz, Levin, Cohn, Ferris, Glovsky, and Popeo served as legal advisor to Artemis.
SightLine Applications provides on-board video processing solutions that are a key mission-enabling technology in gimbal, unmanned aerial systems (UAS), unmanned ground vehicle (UGV) and pan-tilt-zoom (PTZ) electro-optical platforms. Founded in 2007, SightLine has a base of over 35,000 installs and licenses and maintains deep engineering know-how that allows for a strong understanding of core, end-user applications and markets.
Headquartered in Boston, MA, Artemis is a specialized private equity firm focused on partnering with differentiated Industrial Tech companies, whose people and products enable a healthier, safer, more connected, productive, and equitable world.
PB&W is a leading investment bank advising companies designing and producing leading technology solutions for the aerospace, defense, intelligence, industrial and medical markets. Our clients are located throughout North America, the United Kingdom and the European Union. Our services include mergers, acquisition, company sales, divestitures, select private placements and fairness opinions.
All securities transactions are conducted by Philpott Ball & Werner, LLC (“PB&W”). PB&W is a member firm of FINRA/SIPC.