Avascent Buys Futron’s Space Practice
WASHINGTON — The Avascent consultancy in Washington has purchased the space and telecommunications practice of market research company Futron Corp. for an undisclosed sum, the firms announced July 8.
The move is expected to strengthen Avascent’s existing space and telecommunications practice, which serves a broad range of clients including NASA, launch providers, satellite manufacturers and service companies. In a press release, Avascent said the addition of Futron’s staff and resources also will help extend its reach into Asia and other international markets.
“Futron has long been one of the most respected names in the space and satellite communications consulting world, and we’re excited to bring its capabilities into the Avascent fold,” Steve Irwin, Avascent’s president, said in a statement.
In a broadcast email, Futron Chief Executive Joseph Fuller said his company’s space and telecommunications division remains intact under the new ownership. “My primary objectives during this transition were to ensure continuity for our valued clients, as well as maintaining and expanding capabilities in all areas of Futron’s [space and telecommunications] business practice.”
Futron, founded by Fuller nearly three decades ago, had seen its business drop off in recent years following the retirement of NASA’s space shuttle and the loss of a long-running contract supporting the Federal Aviation Administration’s commercial space launch regulatory division.