Boeing Buys Insitu

Here is that rarest of things: a post related to work. As many of you have likely already heard, Boeing has agreed to buy our company, Insitu. This is no big surprise to us; we've had a partnership with Boeing for a number of years. We've also known for some time that our investors saw this as a good time for an "equity event".

Our management did a good job of negotiating with Boeing. Some quick details:

• Insitu will be operated as an independent subsidiary with our own management team and board, our own benefits, etc.
• Insitu will remain in its current location in the Gorge.
• We will remain employees of Insitu, not Boeing.

You can read more about the details on Insitu.com. In the short term we don't see anything changing; hopefully we'll be able to say the same thing in 2-3 years. It's been an interesting trip to this point, watching the company grow from an independent company of ~45 people when we started to a 350+ Boeing subsidiary.

- Mike (& Corinne)

P.S. Before you ask: no, we're not millionaires and will not be retiring next week. ;)