Ondas acquires Israeli military software firm Omnisys for $200 million
Defense-tech group deepens push into AI-driven battlefield systems.
Ondas continues its acquisition spree, expanding its portfolio with the $200 million acquisition of Israeli company Omnisys. Omnisys develops mission planning, optimization, and management systems for military forces, and the transaction is expected to be completed as a stock deal.
Among Omnisys’s key products is a modular software platform that integrates information collected from sensors, command-and-control systems, and operational platforms such as unmanned aerial vehicles. The data, gathered in real time, is analyzed using artificial intelligence to optimize large volumes of battlefield information from multiple sources.
Founded 25 years ago and based in Rosh Haayin, Omnisys employs approximately 185 people. The company was founded by CEO Ofer Yarden and, following the acquisition, will become a subsidiary of Ondas.
Ondas views Omnisys as a complementary layer in its expansion strategy as it accelerates growth in key markets, including the United States and Israel, where defense procurement has surged since the outbreak of the October 7 war.
Omnisys is the 15th company acquired by Ondas in the past two years, during which the group has built an extensive defense-tech portfolio, primarily in Israel. Previous acquisitions include Airobotics, which operates in autonomous drones; Roboteam, which develops ground military robotics systems; and Sentrycs, which develops drone interception technologies.
About two months ago, Ondas also acquired Bird Aerosystems, which manufactures airborne defense systems, from FIMI, headed by Ishay Davidi, in a deal valued at more than $65 million and reflecting an enterprise value of $133 million.
In the same month, Ondas acquired three additional companies, including heavy engineering equipment company INDO Earth Moving for approximately NIS 140 million and British drone developer Rotron Aerospace.
Ondas drew significant attention earlier this year following reports by Calcalist about a roughly $1 billion fundraising round completed at the end of last year from an undisclosed investor. The company has refused to reveal the identity of the backer.
The company has also attracted scrutiny after recruiting several senior former executives from Rafael Advanced Defense Systems, including former CEO Yoav Har-Even and former VP of R&D Dr. Irit Iden and Dr. Judith Hocherman-Frommer. Additional former Rafael executives, Air Force veterans, and former Ministry of Defense development officials have also joined Ondas.
Against this backdrop, questions have emerged regarding the sources of Ondas’s capital as the company advances an attempt to acquire control of mPrest, the developer of the command-and-control software used in Rafael’s Iron Dome missile defense system.
Ondas is seeking to gain control of mPrest by purchasing shares from existing shareholders, a move that would reduce Rafael to a minority stake. According to Calcalist, approval of the transaction has been delayed by the Director of Security of the Defense Establishment due to the sensitivity of the technology involved.
Ondas is registered in the United States and traded on Nasdaq. Last week, the company reported revenue of more than $50 million for the first quarter of the year, more than ten times higher than the corresponding quarter last year, and raised its annual revenue forecast to $390 million.
Ondas chairman and CEO is Eric Brock. The company’s Israel operations are led by Oshri Lugassi, a former chief engineering officer in the IDF and former Rafael vice president of marketing, alongside co-CEO Meir Kleiner.
