Envistacom divests technology development business unit ATG
Envistacom is divesting its technology development business unit, Advanced Technologies Group (ATG), as a standalone business, the company announced Wednesday. The official company name will be Apothym Technologies Group, LLCbut it will continue to be known as ATG.
Envistacom formed the Advanced Technologies business unit three years ago to develop a transport virtualization platform and advanced multi-beam and multi-frequency antenna technologies. Envistacom Chairman Alan Carson said the company has made “great progress” over the past three years and the change will allow Envistacom and ATG to focus on their respective markets.
ATG will be headquartered in Peachtree Corners, Georgia, with a research and development center in Frederick, Maryland. Michael Geist, Envistacom’s current senior vice president of strategy and technology, will lead the company as president. He will be supported by the current ATG team and an independent board of directors.
“We are living in an unprecedented period of technological advances in satellite communications. The emergence of highly personalized next-generation satellite constellations demonstrates that the capabilities we develop today will meet the needs of tomorrow,” Geist said. “With six patents and many more pending in the areas of transport virtualization and advanced antenna technologies, we aim to exceed our customers’ demands.”