Maxar Technologies (NYSE:MAXR) (TSX:MAXR), provider of comprehensive space solutions and secure, precise, geospatial intelligence, today announced that it has completed the acquisition of AI and software development company Wovenware. This acquisition significantly adds to Maxar’s software engineering and AI capabilities and talent.
Founded in Puerto Rico in 2003, Wovenware has roughly 150 employees specializing in software development, service design, artificial intelligence and geospatial production. The company will become one of Maxar’s software development and AI/machine learning (ML) centers of excellence, with its software delivery experts partnering closely with other Maxar teams to develop new solutions for customers.
“In today’s everchanging world, our customers are continuously looking for ways to access our industry-leading products faster and more efficiently—AI and machine learning is critical to accelerating growth,” said Dan Jablonsky, Maxar President and Chief Executive Officer. “Wovenware’s incredibly talented team of software engineers complements Maxar’s product development and delivery talent. Our teams already have a track record of working together to deliver customer solutions, and we are excited to work even more closely together to grow and expand our installed customer base.”
Since 2017, Wovenware has worked closely with Maxar on numerous customer delivery and internal software engineering initiatives, including for Maxar’s global imagery basemaps, Precision3D applications and more.
Specifically, Wovenware’s AI/ML and Data Production talent has supported Maxar projects ranging from UI design to full-stack delivery, producing new 3D terrain analytics tools, thousands of ML training data sets and dozens of automated object detection models. Wovenware’s co-founders, Christian González and Carlos Meléndez, will continue to oversee day-to-day operations of the company.
“Wovenware is excited to join the Maxar team. Having worked together for five years, we’ve experienced first-hand the synergies between our companies and the shared commitment to technology innovation and customer and employee success,” said Christian González, co-founder of Wovenware.
“Becoming one of Maxar’s software development and AI/ML centers of excellence enables us to accelerate our commitment to expand our employee footprint and bring the most exciting innovation and technology projects to Puerto Rico,” added Carlos Meléndez, co-founder of Wovenware.
Wovenware will operate as a wholly owned subsidiary of Maxar, which will continue to invest in Wovenware’s growth in Puerto Rico. Maxar will provide additional resources to help the company draw from the best engineering talent across the island as well as to support its efforts to bring more talent from the mainland and elsewhere back to the island.
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