KippsDeSanto & Co. Advises TeraLogics, LLC on its Sale to Cubic Corporation

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KippsDeSanto & Co. is pleased to announce the sale of our client, TeraLogics, LLC (“TeraLogics” or “the Company”), to Cubic Corporation (“Cubic”). TeraLogics is a leading provider of real-time Full Motion Video (“FMV”) processing, exploitation, and dissemination (“PED”) products and solutions for the Department of Defense (“DoD”), Intelligence Community (“IC”), and commercial customers. The Company’s products sit at the center of the DoD’s FMV Intelligence, Surveillance, and Reconnaissance (“ISR”) dissemination architecture. Based in Ashburn, VA, TeraLogics architected, designed, developed, and currently supports the DoD’s enterprise Airborne ISR (“AISR”) video portal and dynamic multicast dissemination network. TeraLogics’ ability to develop real-time video analysis and delivery software for FMV is complementary to Cubic’s existing tactical communications portfolio, and establishes Cubic as a key player in the ISR FMV market.
TeraLogics’ flagship product, Unified Video® is the situational awareness (“SA”) solution for the DoD, IC, and various bilateral coalitions, and supports interactions across the entire AISR community. TeraLogics’ Unified Video® software provides multilayered, human-centered context to video by integrating geospatial data, collaborative data, human- or sensor-provided tags, previously archived video, and metadata with live, real-time streams. With deep and established satellite communications and ISR delivery expertise, TeraLogics is a leader in FMV ISR and has close relationships with the U.S. Unified Combatant Commands (“COCOM”), National Geospatial Agency (“NGA”), Defense Information Systems Agency (“DISA”), and various commercial customers.

We believe this transaction demonstrates several key trends in the Defense Technology and C4ISR M&A environment:

Buyers place premium value on companies with differentiated and innovative solutions in support of highly visible and critical C4ISR missions
Defense integrators seek strategic acquisitions to enhance depth of technology, proprietary solutions, and intellectual property to complement existing offerings
DoD and IC users continue to demand advanced video intelligence solutions for SA and real-time applications to manage the rapid ingest of video data
There is value in strong client relationships and embedded positions on mission-critical programs
KippsDeSanto & Co. is an investment bank focused on delivering exceptional M&A and financing transaction results for leading aerospace, defense, and technology companies. For more information on KippsDeSanto & Co., please visit www.kippsdesanto.com.

We welcome the opportunity to discuss how KippsDeSanto & Co. can help you achieve your strategic objectives.

KippsDeSanto & Co., member FINRA/SIPC, is not affiliated with other companies mentioned herein

KippsDeSanto & Co. Advises ForceX, Inc. on its Sale to L-3 Communications

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KippsDeSanto & Co. is pleased to announce the acquisition of our client, ForceX, Inc. (“ForceX” or the “Company”), by L-3 Communications (“L-3”) (NYSE:LLL). ForceX is an industry leader in Intelligence, Surveillance, and Reconnaissance (“ISR”) software development and hardware integrations, and geospatial application technology programs, supporting the Department of Defense (“DoD”), other civilian and government agencies, and security organizations.

Based in Nashville, TN, ForceX is a leading developer of highly-customized mission-critical solutions to support navigation, surveillance, tracking, command and control (“C2”) solutions, increasing situational awareness, forward operator safety, and the probability of mission success. ForceX has established itself as a leader in the custom software solutions space, boasting deep operational expertise supporting mission-execution platforms, battlefield and weapons management systems, intelligence exploitation, and covert Special Operations Forces (“SOF”) missions.  Through its partnership with L-3, ForceX expects to deliver even greater value to its customers, as well as pursue additional growth areas.

We believe this transaction demonstrates several key trends in the defense M&A environment:

  • Buyers continue to place premium value on companies with differentiated ISR software capabilities that improve situational awareness and operator decision-making
  • Importance of relationships with mission-critical programs and customers that support the most sensitive and classified missions (e.g., U.S. Special Operations Command)
  • Major defense integrators continue to seek revenue synergies and improve market sector positioning through selective M&A activity

KippsDeSanto & Co. is an investment bank focused on delivering exceptional M&A and financing transaction results for leading aerospace, defense, and technology companies. For more information on KippsDeSanto & Co., please visit www.kippsdesanto.com.

We welcome the opportunity to discuss how KippsDeSanto & Co. can help you achieve your strategic objectives.

KippsDeSanto & Co., member FINRA/SIPC, is not affiliated with other companies mentioned herein

 

PRESS RELEASE

L-3 Acquires ForceX, Inc.

– Industry Leader Specializing in ISR Software Development and Geospatial Application Technology Programs –

NEW YORK–(BUSINESS WIRE)–Oct. 13, 2015– L-3 Communications (NYSE:LLL) announced today that on October 13, 2015 it acquired ForceX, Inc., which the company has renamed L-3 ForceX. L-3 ForceX will be incorporated into L-3’s Integrated Sensor Systems (ISS) sector within the Electronic Systems business segment. Terms of the transaction have not been disclosed, but the acquisition is expected to be immediately accretive.

Based in Nashville, Tenn., L-3 ForceX is an industry leader specializing in ISR mission management software and geospatial application technology programs, offering an array of advanced products, including cueing system software, hardware and video algorithms, and wide-area sensor integration solutions and software. The company’s proprietary processing, exploitation and dissemination (Tactical PED) capability provides an integrated tactical operational picture, allowing users to make critical decisions in real time. The business also provides training courseware, materials and turnkey classroom training solutions for its customers and currently supports several key Department of Defense ISR initiatives and classified programs. Its customer base includes the U.S. Air Force, U.S. Special Operations Command, the Naval Surface Warfare Center and a variety of DoD agencies. The business also has existing relationships with several defense prime contractors as well as numerous L-3 business units. L-3 ForceX is a highly customer-focused business that is expected to accelerate the overall growth prospects of the ISS sector.

“We have been strategically repositioning our portfolio by adding new capabilities that are aligned with our customers’ priorities, and we are pleased to announce this acquisition, which furthers this objective,” said Michael T. Strianese, L-3’s chairman, president and chief executive officer. “ForceX complements L-3’s core business, enhancing our product and system capabilities to compete in new markets, and expands our customer base.”

L-3 ForceX is expected to add approximately $30 million in sales for the year ending December 31, 2016. Goodwill and other intangible assets from this acquisition are expected to be deductible for income tax purposes.

Headquartered in New York City, L-3 employs approximately 45,000 people worldwide and is a prime contractor in aerospace systems and national security solutions. L-3 is also a leading provider of a broad range of communication and electronic systems and products used on military and commercial platforms. The company reported 2014 sales of $12.1 billion.

To learn more about L-3, please visit the company’s website at www.L-3com.com. L-3 uses its website as a channel of distribution of material company information. Financial and other material information regarding L-3 is routinely posted on the company’s website and is readily accessible.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995

Except for historical information contained herein, the matters set forth in this news release are forward-looking statements. Statements that are predictive in nature, that depend upon or refer to events or conditions or that include words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “estimates,” “will,” “could” and similar expressions are forward-looking statements. The forward-looking statements set forth above involve a number of risks and uncertainties that could cause actual results to differ materially from any such statement, including the risks and uncertainties discussed in the company’s Safe Harbor Compliance Statement for Forward-Looking Statements included in the company’s recent filings, including Forms 10-K and 10-Q, with the Securities and Exchange Commission. The forward-looking statements speak only as of the date made, and the company undertakes no obligation to update these forward-looking statements.

KippsDeSanto & Co. Advises Aegis Group on Sale to GardaWorld Security Corporation

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KippsDeSanto & Co. is pleased to announce the acquisition of our client, Aegis Group (“Aegis” or the “Company”), by GardaWorld Security Corporation (“GardaWorld”). The acquisition complements and enhances GardaWorld’s existing protective service offerings, as well as expands its geographic presence throughout the Middle East and Africa.

Aegis provides holistic private security and consultancy services, including physical security and protection, training, threat extortion, crisis and kidnap response, and business intelligence and risk management, to government agencies and corporate clients worldwide. The Company has a long and successful history of serving the mission-critical needs of U.S. and international government agencies, including the U.S. Department of Defense (“DoD”) and the U.S. Department of State (“DoS”), as well as commercial clients in the Oil & Gas, Maritime, Financial, and Critical Infrastructure industries. Aegis has an exceptional past performance record serving the U.S. Government, including supporting the DoD in Iraq as a part of the Reconstruction Security Support Services (“RSSS”) contract, and a prime position on the $10 billion DoS Worldwide Protective Services (“WPS”) contract vehicle. The Company has been at the forefront of developing comprehensive business practices and ethical codes of conduct for the security industry, and was a key contributor to the development of the International Code of Conduct and Private Security Contractors (“PSC”) – 1 industry standard.

As a key piece of its expansion strategy, Aegis provides GardaWorld with enhanced capabilities and protective service offerings, as well as deeper access to government and commercial clients, particularly U.S. DoD, U.S. DoS, and major Oil & Gas companies. With the acquisition, GardaWorld will have a clear path to be a market leader in providing premier security services with unparalleled depth in its service offering and strength in its global reach.

We believe this transaction demonstrates several key trends in the defense and government services M&A environment:

  • Strategic buyers continue to target M&A opportunities that address strategic gaps, especially in mission-critical domains and customer segments
  • Buyers continue to seek targets with strong growth potential evidenced by a highly visible backlog, and a robust, actionable pipeline supported by a highly-sophisticated, mature, professional infrastructure able to scale alongside growth
  • Prime positions on large, long-term contract vehicles that transition to the acquirer drive value; however, buyers and investors are increasingly focused on companies with strong past performance, customer relationships, and a track record of awards under these vehicles

KippsDeSanto & Co. is an investment bank focused on delivering exceptional M&A and financing transaction results for leading aerospace / defense and technology companies. For more information on KippsDeSanto & Co., please visit www.kippsdesanto.com.

We welcome the opportunity to discuss how KippsDeSanto & Co. can help you achieve your strategic objectives.KippsDeSanto & Co. is an investment bank focused on delivering exceptional M&A and financing transaction results for leading aerospace / defense and technology companies. For more information on KippsDeSanto & Co., please visit www.kippsdesanto.com.

KippsDeSanto & Co., member FINRA/SIPC, is not affiliated with other companies mentioned herein

 

PRESS RELEASE

GardaWorld Announces Strategic Expansion to Become the Premier Security Provider in Africa and the Middle East

As part of its expansion, the company signs a binding agreement for the acquisition of Aegis Group

MONTREAL, QUEBEC–(Marketwired – July 13, 2015) – GardaWorld, the world’s largest privately owned security and cash services provider, announces today the strategic expansion of its protective services platform in Africa and the Middle East.

Over the past decade GardaWorld has continuously expanded its operational capacity as demand for specialized and professional services to protect high profile diplomatic staff, development projects and leading oil & gas companies dramatically increased in Africa and the Middle East. In the current geopolitical context, such comprehensive security services offering remains critical for companies and governments operating in the region and GardaWorld has committed to become a premier security provider globally. The company expects to complete this phase of its strategic expansion plan before the end of the year.

As the first phase of its strategic expansion, GardaWorld is pleased to announce that it has entered into a binding agreement for the acquisition of Aegis Group, a leading provider of highly specialized protective services with annual run-rate revenues of over CAN$450 million with a presence across 10 African and Middle East emerging markets.

“Aegis Group’s operational platform will complement GardaWorld’s offering and geographic footprint as we continue to build our protective services capabilities throughout Africa and the Middle East,” said Stephan Crétier, Founding President and CEO, GardaWorld. “Aegis Group and GardaWorld have both been truly committed to setting the highest professional and ethical standards in the industry. We are the first two private security providers in the world to obtain the PSC.1 certification, offering our clients a complete peace of mind service solution in emerging markets. Once we have completed the integration, we will become a clear market leader, providing premier professional security services with the unsurpassed depth of our offering and strength of our global platform.”

“In the next phase of our growth strategy, planned for later this year, we expect to further expand GardaWorld’s regional infrastructure and to double our physical footprint by reinforcing our presence on the ground in nearly 20 countries in Africa and the Middle East. Our goal is to offer a specialized and distinctive protective services offering, to more clients, including governments, diplomatic organizations, large critical infrastructures, mining, oil & gas companies, NGOs and Fortune 500 corporates, in more places and where they need us most than any other company in our market,” continued Mr. Crétier.

GardaWorld’s acquisition of Aegis Group is subject to customary closing conditions, including regulatory approvals and is expected to close within the next 90 days.

Note to the Editors

Certification PSC-1: ANSI/ASIS PSC.1-2012

Management System for Quality of Private Security Company Operations – Design, delivery and management of physical security and security risk management services worldwide in high risk, benign and complex environments in a responsible manner that enhances human safety and security, conforming to international law, local laws and human rights.

About GardaWorld

GardaWorld is the world’s largest privately owned security and cash services provider. Our 48,000 highly trained, dedicated professionals serve clients throughout North America, Europe, Africa, Asia and the Middle East. GardaWorld works across a broad range of sectors, including natural resources and critical infrastructures, retail, construction, telecommunications and manufacturing, and on behalf of Fortune 500 companies, governments, NGOs and humanitarian relief organizations. For more information, visit www.garda.com

About Aegis Group

Aegis Group is a leading security and risk management company with project experience in over 60 countries. The company has a worldwide client-base including governments, international agencies and the international corporate sector, and are a major security provider to the United States government. Aegis Group offers comprehensive advice on every aspect of security from corporate operations, commercial risk and foreign investment to counter-terrorism, close protection and support to governments. For more information, visit www.aegisworld.com.

KippsDeSanto & Co. Advises Information Management Consultants on the Sale of its Health & Life Sciences and Defense & Public Sector Business Units to CALIBRE Systems

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KippsDeSanto & Co. is pleased to announce the acquisition of the Health & Life Sciences (“H&LS”) and the Defense & Public Sector (“D&P”) business units of our client, Information Management Consultants, Inc. (“IMC” or the “Company”), by CALIBRE Systems, Inc. (“CALIBRE”).

Headquartered in Reston, VA, IMC is a leading provider of health informatics, enterprise content management, and technology solutions to government and commercial customers.  IMC’s H&LS and D&P groups deliver valuable solutions to Federal agencies in the health, defense, and other civilian markets, and have significant domain expertise and long-term relationships with strategic end customers such as National Institutes of Health (“NIH”), Food and Drug Administration (“FDA”), Department of Homeland Security (“DHS”), and Department of State (“DOS”), as well as select commercial healthcare clients.  Leveraging a network of Subject Matter Experts (“SME”) and technologists, IMC delivers solutions via a holistic approach by providing a complete range of services from problem identification through execution.

In addition to a complementary set of core capabilities and technology expertise between the two companies, IMC’s H&LS and D&P businesses offer CALIBRE unique access to new customers in the Federal health market, including NIH and several of its core directorates, as well as provide resources and experience that supplement CALIBRE’s existing presence and expertise with several key defense and homeland security customers.

We believe this transaction demonstrates several key trends in the government services M&A environment:

  • Strategic buyers continue to target M&A opportunities that address strategic gaps, especially in well-funded markets such as healthcare
  • Differentiation remains paramount to attracting acquisition interest, whether it is technological capability, intellectual property, customer access, or business development
  • Buyers and investors are increasingly focused on companies with strong past performance, customer relationships, unrestricted prime contracts, and near-term revenue visibility
  • Mid-tier strategic buyers are becoming increasingly focused on deploying capital through acquisitions as a viable growth strategy

KippsDeSanto & Co. is an investment bank focused on delivering exceptional M&A and financing transaction results for leading technology and defense companies.  For more information on KippsDeSanto & Co., please visit www.kippsdesanto.com.

We welcome the opportunity to discuss how KippsDeSanto & Co. can help you achieve your strategic objectives.KippsDeSanto & Co. is an investment bank focused on delivering exceptional M&A and financing transaction results for leading aerospace / defense and technology companies. For more information on KippsDeSanto & Co., please visit www.kippsdesanto.com.

KippsDeSanto & Co., member FINRA/SIPC, is not affiliated with other companies mentioned herein

 

PRESS RELEASE

CALIBRE Announces the Acquisition of the Health & Life Sciences and the Defense & Public Sector groups of Information Management Consultants (IMC)

Alexandria, Virginia, August 31, 2015 – CALIBRE Systems, Inc. (CALIBRE), an Alexandria, Virginia-based employee-owned management consulting and information technology solutions company, said Monday that it had acquired the Health & Life Sciences and the Defense & Public Sector groups of Information Management Consultants (IMC) of Reston, Virginia.

The transaction closed on Monday. Terms of the deal were not disclosed. KippsDeSanto & Co. represented IMC, a leading provider of health informatics, enterprise content management, and information technology solutions to federal and commercial organizations.

“This acquisition combines the complementary expertise of our two companies in federal and commercial markets,” Joe Martore, President & CEO of CALIBRE, said in a statement. “We look forward to the IMC employees joining the CALIBRE team to create an even more trusted partner for current and new clients.”

Founded in 1981, IMC is one of the most trusted and reliable technology consultancies in the DC metro area. IMC serves the information technology needs of federal government, health and life sciences, and commercial clients.

“We are very happy to have found an acquirer in CALIBRE whose leadership, prominence, and dedication to quality is second to none. We are thrilled that our employees will now be part of a company that is equally employee friendly and dedicated to fulfilling the missions and goals of our clients, and will also offer employees an opportunity to grow and prosper in the coming days,” said Sudhakar Shenoy, Chairman and CEO of IMC.

The acquired assets will become one of CALIBRE’s five operating divisions. Ms. Dorisa Harris will assume the leadership role for the new CALIBRE Information Management Consulting Division.

About CALIBRE

Established in 1989, CALIBRE supports government and industry decision?makers with management analysis, technology solutions, and program support. CALIBRE builds and delivers practical, timely, best value solutions to solve management, technology, and program challenges.

For more information about CALIBRE, please visit www.calibresys.com.
Contact: Craig College, Senior Vice President, Strategy Development
Telephone: 703.797.8733
E-mail: Craig.College@calibresys.com

Pro2Serve

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KippsDeSanto & Co. Advises Fidelis Cybersecurity Solutions, a Business Unit of General Dynamics Mission Systems, on its Sale to Marlin Equity Partners

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KippsDeSanto & Co. is pleased to announce the sale of Fidelis Cybersecurity Solutions (“Fidelis” or the “Company”), a business unit of General Dynamics Mission Systems, to Marlin Equity Partners (“Marlin Equity”). The acquisition by Marlin Equity will provide future resources and expertise around its commercial offerings to position it for continued growth over the long term.

Headquartered in Waltham, Massachusetts, Fidelis is a leader in the Advanced Threat Defense (ATD) space and provides a unique combination of cybersecurity products and Network Defense and Forensics (“NDF”) services. Fidelis’ patented deep session inspection technology and its ability to provide advanced malware / data theft protection and network security analytics in a single, tightly integrated system for continuous protection across the enterprise strategically positions the Company to capitalize on increasing organizational importance of cybersecurity across a vast number of industry verticals.

Fidelis’ elite team of security experts provides industry-leading services and acts as a key source of threat intelligence that further enhances its ATD technology solution. This real-time feedback allows the Company to quickly incorporate threat research and intelligence from the front line of network defense into its products. Fidelis serves an expansive list of customers, and its NDF team has successfully handled over 3,500 cyber threat cases and several of the most critical and complex intrusions to date.

We believe this transaction demonstrates several key trends in the software and cybersecurity M&A environment:

  • Continuation of corporate divestitures as defense contractors shape their portfolio to focus on core markets and capabilities
  • Attractiveness of and premium value placed on unique, proprietary products, technology, and intellectual property to address market needs
  • Knowledgeable financial buyers positioning themselves in mission-critical markets such as cybersecurity
  • Continued strong investor interest and public valuations given the recent high-profile cyber-attacks and overall advanced threat environment

We welcome the opportunity to discuss how KippsDeSanto & Co. can help you achieve your strategic objectives.KippsDeSanto & Co. is an investment bank focused on delivering exceptional M&A and financing transaction results for leading aerospace / defense and technology companies. For more information on KippsDeSanto & Co., please visit www.kippsdesanto.com.

KippsDeSanto & Co., member FINRA/SIPC, is not affiliated with other companies mentioned herein

 

PRESS RELEASE

LOS ANGELES – May 4, 2015: Marlin Equity Partners (“Marlin”) is pleased to announce that it has completed the acquisition of Fidelis Cybersecurity (“Fidelis”) from General Dynamics. Fidelis, a leading provider of advanced cybersecurity threat prevention, detection and protection solutions, offers a comprehensive portfolio of products, services and expertise that protect some of the world’s most recognizable brands from data theft, financial loss and reputational damage. The company’s flagship product, Fidelis XPS™, is an advanced threat defense platform that has been proven to be highly effective in not only detecting and preventing initial malware infections, but also preventing the subsequent spread of malware and theft of information from within an organization.

Peter George, who will continue to lead Fidelis as CEO, commented, “We are pleased to be partnering with a world-class private equity firm, with a long and proven history of growing technology businesses, to help us accelerate our unique and comprehensive advanced threat defense offering and market position. We share Marlin’s vision to more aggressively convey the value we are bringing to our customers and to challenge the market leader with the only proven and scalable alternative solution for advanced threat defense.”

“Fidelis is uniquely positioned to help customers protect their most valuable data and assets against advanced adversaries across the entire threat lifecycle, from intrusion to propagation to exfiltration, in one fully integrated solution,” said Peter Chung, a principal at Marlin. “We are thrilled to provide the resources and financial backing to grow Fidelis and solidify its position at the forefront of the rapidly evolving advanced threat defense, and incident response and forensics markets.”

About Marlin Equity Partners

Marlin Equity Partners is a global investment firm with over $3 billion of capital under management. The firm is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. Marlin invests in businesses across multiple industries where its capital base, industry relationships and extensive network of operational resources significantly strengthens a company’s outlook and enhances value. Since its inception, Marlin, through its group of funds and related companies, has successfully completed over 90 acquisitions. The firm is headquartered in Los Angeles, California with an additional office in London. For more information, please visit www.marlinequity.com.

About Fidelis Cybersecurity

Fidelis Cybersecurity offers a comprehensive portfolio of products, services and expertise to combat today’s sophisticated advanced threats and prevent data theft and breaches. The company’s solution allows commercial enterprise and government customers around the globe to face advanced threats with confidence through the use of its Network Defense and Forensics Services, delivered by a team of security professionals with decades of hands-on experience, and its award-winning Fidelis XPS Advanced Threat Defense products, which provide visibility and control over the entire threat lifecycle. For more information, please visit www.fidelissecurity.com.

For additional information, please contact Peter Spasov at (310) 364-0100 or via e-mail at pspasov@marlinequity.com.

KippsDeSanto & Co. Advises Digital Results Group on its Sale to Novetta Solutions

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KippsDeSanto & Co. is pleased to announce the sale of our client, Digital Results Group, Inc. (“DRG”) to Novetta Solutions, LLC (“Novetta”), a portfolio company of Arlington Capital Partners.  DRG delivers next generation, multi-source intelligence collection, command, control, and exploitation (“C2 / PED”) solutions to customers across the defense and intelligence communities.  A critical differentiator of the Company’s technology is the ability to seamlessly process operations and intelligence data from a wide range of systems, platforms, and sensors, and then provide tools to visualize and exploit this information from anywhere across the network.  The transaction provides hardware and software solutions for multi-INT data collection, collaboration, and exploitation to Novetta’s growing suite of advanced analytics and mission-critical analysis solutions.

Based in Boston, MA, DRG is a leader in the development of innovative solutions that support critical defense, intelligence, and security missions.  By fusing real-time sensor, operations, and intelligence data into a common operating picture and exploitation tool set, DRG’s solutions deliver best-in-class capabilities to support operations and analysis from the tactical edge to the global enterprise.  DRG’s browser-based technology solutions significantly improve collaboration, understanding, mission execution, and outcome. DRG’s solutions are deployed to support a range of mission profiles to include ISR / persistent surveillance, force protection, precision fires, mission support / battle command, and intelligence collection, analysis, and reporting.  At the core of the platform is a widely-fielded, C2 / PED solution called Ageon ISR, which has been tailored to meet unique mission requirements and computing environments to provide unparalleled mission flexibility.

We believe this transaction demonstrates several key trends in the aerospace / defense and government technology solutions M&A environment:

  • Premium value placed on companies with evolutionary business models that deliver innovative solutions supporting critical C4ISR missions
  • Buyers are looking to acquire proprietary products, technology, and intellectual property to complement and expand upon existing solutions
  • Value of strong relationships with well-funded customers in priority budget areas

KippsDeSanto & Co. is an investment bank focused on delivering exceptional M&A and financing transaction results for leading aerospace / defense and government technology solutions companies. For more information on KippsDeSanto & Co., please visit www.kippsdesanto.com.

We welcome the opportunity to discuss how KippsDeSanto & Co. can help you achieve your strategic objectives.

KippsDeSanto & Co., member FINRA/SIPC, is not affiliated with other companies mentioned herein

KippsDeSanto & Co. Advises General Dynamics Advanced Information Systems, Inc. on the Sale of Its Advanced Systems Line of Business to MacDonald, Dettwiler and Associates Ltd.

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KippsDeSanto & Co. is pleased to announce the sale of the Advanced Systems line of business (the “Company”) of General Dynamics Advanced Information Systems, Inc. (“GDAIS”) to MacDonald, Dettwiler and Associates Ltd. (“MDA”) (TSX:MDA).  The transaction affords new opportunities for MDA, a Canadian based publicly traded company, to support additional surveillance and intelligence programs in the United States.

Based in Ypsilanti, Michigan, the Advanced Systems line of business is a leader in the design, development, and production of radar and other information sensors for the U.S. government.  The Advanced Systems line of business is strategically positioned given shifting focus towards strategic national security areas of interest that require advanced Intelligence, Surveillance, and Reconnaissance (“ISR”) capabilities.

We believe this transaction demonstrates several key trends in the aerospace / defense and government technology solutions M&A environment:

  • Continued trend of corporate divestitures as businesses of all sizes shape their portfolio to focus on the core
  • Attractiveness of differentiated technology solutions in mission-critical markets (e.g., intelligence, C4ISR)
  • Emphasis on entrenched and long-standing relationships with coveted IC customers

KippsDeSanto & Co. is an investment bank focused on delivering exceptional M&A and financing transaction results for leading aerospace / defense and government technology solutions companies. For more information on KippsDeSanto & Co., please visit www.kippsdesanto.com.

We welcome the opportunity to discuss how KippsDeSanto & Co. can help you achieve your strategic objectives.

KippsDeSanto & Co., member FINRA/SIPC, is not affiliated with other companies mentioned herein

 

PRESS RELEASE

MDA Completes Strategic Capability Acquisition in the United States

VANCOUVER, Oct. 3, 2014 /CNW/ – MacDonald, Dettwiler and Associates Ltd. (“MDA” or the “Company”) (TSX:MDA), a global communications and information company, today announced that it has closed the acquisition of Advanced Systems, a line of business from General Dynamics Advanced Information Systems, Inc., announced in July 2014.? This business will become part of MDA Information Systems LLC.

Located near Detroit, Michigan, the Advanced Systems business has approximately 170 employees and generates annual revenues of approximately US$40 million. The business has over 50 years of in-depth experience in development and application of radar and other information sensors for the U.S. Government.  This unique capability is expected to strengthen the Company’s ability to pursue future opportunities in the U.S. market.

About MDA

MDA is a global communications and information company providing operational solutions to commercial and government organizations worldwide.

MDA’s business is focused on markets and customers with strong repeat business potential, primarily in the Communications sector and the Surveillance and Intelligence sector. In addition, the Company conducts a significant amount of advanced technology development.

MDA’s established global customer base is served by more than 4,800 employees operating from 11 locations in the United States, Canada, and internationally.

The Company’s common shares trade on the Toronto Stock Exchange under the symbol “MDA.”

KippsDeSanto & Co. Advises Global Net Services on its Sale to Information Innovators

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KippsDeSanto & Co. is pleased to announce the acquisition of our client, Global Net Services, Inc. (“GNSI” or the “Company”), by Information Innovators Inc. (“Triple-i”), a portfolio company of DFW Capital Partners.  The acquisition provides additional Healthcare Information Technology (“HIT”) qualifications to Triple-ii and further expands its Federal healthcare presence into the Food and Drug Administration (“FDA”).

Headquartered in Rockville, MD, GNSI is a leading provider of application development, systems and software engineering, and business intelligence services for Federal Government customers, primarily within the FDA.  The Company has significant expertise in advanced technologies and demonstrates strong thought leadership within the Federal HIT arena.  GNSI leverages a set of proprietary methodologies and processes, and maintains a cadre of highly skilled personnel, with deep subject matter expertise and professional certifications.

GNSI’s strong performance within the FDA resulted in a prime award on the FDA’s multi-billion dollar Enterprise System Life Cycle Management Support (“ELMS”) acquisition program, and to date, the Company remains one of the most successful contractors on the vehicle.

As a key addition to Triple-i’s HIT strategy, GNSI provides access to a new customer set to expand on Triple-i’s healthcare presence in the Department of Veterans Affairs.  In addition, GNSI will benefit from Triple-i’s diverse breadth of IT capabilities in order to enhance its support to the FDA and its efforts to protect public health by ensuring the safety and efficacy of the nation’s food and drug supply.

We believe this transaction demonstrates several key trends in the government solutions M&A environment:

  • Differentiation remains paramount to attracting acquisition interest, whether it is technology, intellectual property, or customer access
  • Prime positions on large, long-term contract vehicles that transition to the acquirer drive value; however, buyers and investors are increasingly focused on companies with strong past performance, customer relationships, and a track record of awards under these vehicles
  • Enhanced level of private equity investor participation both as a direct buyer (seeking a platform) and via existing portfolio companies

KippsDeSanto & Co. is an investment bank focused on delivering exceptional M&A and financing transaction results for leading technology and defense companies.  For more information on KippsDeSanto & Co., please visit www.kippsdesanto.com.

We welcome the opportunity to discuss how KippsDeSanto & Co. can help you achieve your strategic objectives.

KippsDeSanto & Co., member FINRA/SIPC, is not affiliated with other companies mentioned herein

 

PRESS RELEASE

Information Innovators Inc. (Triple-i) Acquires CMMI Level 3 Software Development Company, Global Net Services, Inc. Springfield, VA, September 4, 2014 — Information Innovators Inc. (“Triple-i”), a professional information technology services company serving Federal Government agencies and departments, today announced its acquisition of Global Net Services, Inc. (“GNSI”). GNSI provides IT systems engineering, software development and related services focused primarily on serving the Health IT solutions needs of the Food and Drug Administration (“FDA”). The acquisition is expected to significantly strengthen and expand Triple-i’s solutions portfolio and IT offerings to its Federal Government customers. The combination enables Triple-i to further enhance its client solutions in the areas of software and systems development, hosting and cloud services, business intelligence and geospatial information systems.

“These are critical and compelling times for our government as they move toward a technological convergence,” says Steve Ikirt, CEO of Triple-i. “Bringing together Triple-i and GNSI enhances our capabilities to best enable and support the solutions that our customers seek to achieve their mission success. We are excited about what this highly-complementary merger of two great firms represent and welcome GNSI to the Triple-i family.”

Ori Reiss, Founder and CEO of GNSI stated, “We are very excited about how our combined strengths can support our customer missions. Together with Triple-i, GNSI can expand its reach into other U.S. government agencies and will provide us with the resources to accelerate our growth, broaden capabilities to serve our clients and enhance career opportunities for our staff.” Mr. Reiss is staying on board to run the GNSI business unit.

The merger combines the enterprise-level technology services experience and expertise of Triple-i with the robust CMMI Level 3 software and systems development, hosting and cloud services, business intelligence and geospatial information systems capabilities and talent of GNSI. By complementing the 600 Triple-i professionals with GNSI’s subject matter experts and development staff, the combined organization will provide clients access to one of the most agile large businesses supporting the Federal Government IT, under the direction of Triple-i CEO Steve Ikirt.

GNSI was represented by KippsDeSanto & Co. as financial advisor and Holland & Knight LLP as legal counsel. Triple-i, a portfolio company of DFW Capital Partners, was represented by Ropes & Gray LLP as legal counsel.

About Information Innovators Inc.

Information Innovators Inc. is a professional services company dedicated to delivering best-value IT services and solutions through the innovative application of our employees’ experience and state-ofthe-art technologies. Triple-i brings processbased solutions to high-risk, complex Federal Government initiatives through its three business lines-Health IT, Defense, Federal, and Intelligence and Geospatial Solutions. Triple-i has core capabilities in the areas of IT operations and maintenance, Enterprise-level IT consolidation, Cloud hosting, Health IT solutions, and cyber security. Triple-i was founded in 2001 and is headquartered in Springfield, VA. Currently, Triple-i provides IT services for nine Federal Departments including Veterans Affairs, Department of Defense, Transportation, Health and Human Services, Commerce, Justice, Homeland Security, Interior, and Treasury. For more information, visit http://www.iiinfo.com.

About Global Net Services, Inc.

Global Net Services, Inc. provides software and systems development, hosting and cloud services, business intelligence and geospatial information systems to the FDA and Department of Education providing decision support to the policy makers. GNSI has a resource pool of world-class talented program managers, software and web developers, system engineers, business analysts specializing in the areas of Health IT Solutions. Its capabilities span the application development; systems integration and IT support services.

GNSI was started in 1995 by Ori Reiss, Founder and CEO, and is headquartered in Rockville, Maryland.

KippsDeSanto & Co. Advises Commonwealth Technology on its Sale to MacAulay-Brown, Inc.

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KippsDeSanto & Co. is pleased to announce the acquisition of our client, Commonwealth Technology, Inc. (“CTI” or “the Company”), by MacAulay-Brown, Inc. (“MacB”).  The acquisition provides additional engineering capabilities to MacB and further expands its customer offering and footprint within the intelligence and special operations communities.

Headquartered in Alexandria, VA, CTI is an industry-leading provider of technology and mission support solutions in support of several highly-classified and sensitive tactical signals intelligence (“SIGINT”) and human intelligence (“HUMINT”) operations. CTI’s niche hardware solutions and software services tackle complex customer requirements in areas such as reverse engineering, business data management, cyber targeting, sensor and surveillance integration, molding and fabrication, and communications and antenna design.  Since CTI’s inception over 45 years ago, the Company has nurtured a culture of continuous innovation toward providing quick reaction solutions to complex operational problems, and is regarded by its customers as a key support element for ongoing, mission-critical national security and intelligence initiatives.

We believe this transaction demonstrates several key trends in the national security and defense technology M&A sector:

  • Attractiveness of differentiated solutions in mission-critical “hot-lane” markets (e.g., cybersecurity, intelligence, and special operations)
  • Importance of prime positions on large, well-funded programs that are deemed essential to the customer mission
  • Trusted customer relationships and touch points within the intelligence community (“IC”) prove valuable for buyers looking to establish / expand footprint within the space
  • Scarcity value of thought leadership married with technology development and production capabilities; going beyond services in order to deliver true value-added solutions

KippsDeSanto & Co. is an investment bank focused on delivering exceptional M&A and financing transaction results for leading technology and defense companies.  For more information on KippsDeSanto & Co., please visit www.kippsdesanto.com.

We welcome the opportunity to discuss how KippsDeSanto & Co. can help you achieve your strategic objectives.

KippsDeSanto & Co., member FINRA/SIPC, is not affiliated with other companies mentioned herein