KippsDeSanto & Co. advises Soar Technology Inc. on its sale to Forward Slope Inc., a portfolio company of Trive Capital
KippsDeSanto & Co. advises Soar Technology Inc. on its sale to Forward Slope Inc., a portfolio company of Trive Capital
KippsDeSanto & Co. is pleased to announce the sale of its client, Soar Technology Inc. (“SoarTech” or the “Company”) to Forward Slope Inc. (“Forward Slope”), a portfolio company of Trive Capital.
Headquartered in Ann Arbor, MI, SoarTech is a leading provider of advanced artificial intelligence (“AI”) solutions to address complex Department of Defense (“DoD”) mission requirements. SoarTech leverages cognitive, neural, swarm, and machine learning technologies built on computational cognitive designs that enable the creation of autonomous agents to assess large amounts of data and assist human decision-making. The Company’s solutions emphasize natural interaction, transparency, and explainability, in order to create AI systems the Warfighter can trust.
SoarTech’s world-class AI scientists and engineers possess deep subject matter expertise and experience in research, government contracting, defense procurement, and academia. The Company implements its “Whiteboard to Warfighter” development process to enable next-generation national security superiority. The Company has built an extensive portfolio of intellectual property (“IP”), as well as a wealth of historical small business innovative research (“SBIR”) awards with a heavy focus on AI-enabled technologies that have been successfully transitioned to end customer adoption. SoarTech’s cutting-edge solutions, qualifications, and extensive AI knowledge position the Company to meet evolving contract AI requirements across the DoD.
The partnership with Forward Slope will further enhance SoarTech’s growth as the Company continues to provide next-generation technologies across the DoD and adjacent customers and applications.
We believe this investment demonstrates several key trends in the current government technology solutions M&A environment:
- Strong market appetite for firms with leading IP and capabilities in AI / Machine Learning
- Emphasis on highly strategic investments aligned closely with priority funding areas resulting from the evolving global threat environment
- Financial sponsors remain focused on complementary add-on acquisitions that offer new capabilities with high-end technology expertise, as well as expanding customer footprint with well-positioned agencies
About KippsDeSanto & Co. KippsDeSanto & Co. is an investment banking firm focused on serving growth-oriented Aerospace / Defense, Government Services and Technology companies. We are focused on delivering exceptional M&A and Financing transaction results to our clients via leveraging our scale, creativity and industry experience. We help market leaders realize their full strategic value. Having advised on 200 industry transactions since 2008, KippsDeSanto is recognized for our analytical rigor, market insight, and broad industry relationships. There’s no substitute for experience. For more information, visit www.kippsdesanto.com.
Securities and investment banking products and services are offered through KippsDeSanto & Co., a non-banking subsidiary of Capital One, N.A., a wholly owned subsidiary of Capital One Financial Corporation. KippsDeSanto is a member of FINRA and SIPC. Products or services are Not FDIC Insured, Not Bank Guaranteed, May Lose Value, Not a Deposit, and Not Insured By Any Federal Governmental Agency.
