KippsDeSanto & Co. Advises Alethix, LLC on its sale to IntelliBridge, Inc., a portfolio company of Enlightenment Capital
KippsDeSanto & Co. is pleased to announce the sale of its client, Alethix, LLC (“Alethix” or the “Company”), to IntelliBridge, Inc., a portfolio company of Enlightenment Capital
Headquartered in Fairfax, VA, Alethix provides mission-focused technology solutions that solve complex challenges around the speed and security of data-in-transit, interoperability of enterprise systems, and data processing at scale for a wide range of Homeland Security, Federal-Civilian, and Defense customers.
Since its founding in 2012, Alethix has built enduring relationships across the Department of Homeland Security (“DHS”) and Department of Defense (“DoD”), and has more recently established strong presences at various Federal-Civilian agencies, such as the U.S. Department of Agriculture (“USDA”), the National Oceanic and Atmospheric Administration (“NOAA”), and the U.S. Census Bureau.
The Alethix acquisition is expected to enhance IntelliBridge’s position across National Security and Federal-Civilian agencies. IntelliBridge will also be able to deliver in-demand, next generation capabilities to these customers through Alethix’s cloud, data analytics, and digital solution expertise.
We believe this transaction demonstrates several key trends in the government services mergers and acquisitions (“M&A”) market:
- In-demand capabilities that can address Cloud, DevSecOps, Agile, and other next generation requirements continue to generate acquisition interest from strategic buyers as a means of accelerating growth and maintaining a brand of market leadership
- Buyers continue to value franchise positions at key Federal customers at the forefront of digital transformation
- For premium, well-positioned assets, M&A appetite remains steady despite the broader market impact of COVID-19 and its corresponding challenges
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 over 100 industry transactions, 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.
Investment Banking products and services are offered through KippsDeSanto & Co., a non-bank subsidiary of Capital One, N.A., a wholly-owned subsidiary of Capital One Financial Corporation, and a member of FINRA and SIPC. Products and services are Not FDIC insured, Not Bank Guaranteed, May Lose Value, Not a Deposit, and Not Insured by Any Federal Government Agency.
IntelliBridge Acquires IT Transformation Company Alethix
McLean, Va. – February 1, 2021 — IntelliBridge Inc. (“IntelliBridge”), a leading provider of technology, intelligence, and mission support services to defense, federal law enforcement, and civilian agencies, today announced the acquisition of Alethix LLC (“Alethix”). The addition of Alethix will strengthen IntelliBridge’s technology portfolio with advanced DevSecOps and Cloud solutions, as well as expand its footprint across Homeland Security, Federal-Civilian, and Defense agencies. IntelliBridge is backed by Enlightenment Capital.
Founded in 2012, Alethix solves complex technology challenges around data-in-transit, enterprise systems interoperability, and data processing at scale for national security, defense and civilian agencies. Alethix enables its DHS (i.e., USCIS, CBP, TSA), USDA, NOAA, Census, and DoD customers to innovate and accelerate their missions using the power of cloud, data analytics, and digital solutions.
Cass Panciocco, IntelliBridge President and CEO, said, “Alethix’s team of trusted technology experts bolsters our position in the digital solutions marketplace, which will allow us to bring agile, repeatable, and scalable solutions to our current and prospective customers. This combination will create instant synergies for both our customers and employees. We are excited to welcome the entire Alethix team to the IntelliBridge family.”
“Alethix is a trusted partner in providing high-end and transformative IT solutions for the critical mission needs of national security and civilian agencies,” added IntelliBridge Chief Growth Officer Matthew Candy. “Together, we are better positioned to navigate the IT marketplace and capitalize on the Government’s increasing adoption of digital solutions. Through IntelliBridge’s strategic positions within Defense, Federal Law Enforcement, Homeland Security, and Civilian customers, we have the size, scale, and reach-back to further expand organically through additional solutions and contracting options.”
“Alethix is excited to join the IntelliBridge team, which has built deep technical and operational capabilities that will only make our solutions more impactful. IntelliBridge shares our commitment to both employees and customers’ missions, making this an ideal platform,” said Ganesh Patil, COO of Alethix. “Our cultures are dedicated to excellence in delivering high-quality solutions, and we are proud to bring our team of technology experts to market with IntelliBridge and continue to deliver on solving complex mission challenges.”
Investment bank KippsDeSanto acted as the financial advisor to Alethix for this acquisition.
IntelliBridge is a premier partner to defense, federal law enforcement, and civilian agency customers who helps solve complex technology, intelligence, and mission support challenges. Headquartered in McLean, Virginia, with locations and staff nationwide, IntelliBridge makes its customers successful by delivering best-in-class solutions through a combination of deep domain expertise, advanced technology, and passion for the mission. IntelliBridge is a portfolio company of Enlightenment Capital. To learn more or join the team, visit www.intellibridge.us.
About Enlightenment Capital
Enlightenment Capital, a Washington, DC area based private investment firm, provides flexible capital and strategic support to middle-market companies in the Aerospace, Defense & Government (ADG) sector. The firm partners with businesses that provide vital services, protect critical infrastructure, innovate cyber and data solutions, enhance decision making capabilities, engineer aerospace systems, safeguard national security, and endeavor to meet the challenges of today and tomorrow. For more information, visit www.enlightenment-cap.com.