KippsDeSanto & Co. advises iNovex Information Systems Inc. on its strategic investment from Enlightenment Capital
KippsDeSanto & Co. is pleased to announce the strategic investment in its client, iNovex Information Systems Inc. (“iNovex” or the “Company”), by Enlightenment Capital (“Enlightenment”).
Headquartered in Maryland, iNovex is a provider of full-stack software development solutions focused on cybersecurity, signals intelligence, data analytics, and robotic process automation for the Intelligence Community. The Company builds and supports key systems of record that address complex mission requirements critical to national security and enable the full continuum of mission management from sensor to finished intelligence data.
Enlightenment’s knowledge and expertise in the government and technology vertical will help accelerate growth and investments in innovative products and services to build a mid-tier Intelligence Community focused platform with a mission to support critical National Security programs.
We believe this transaction highlights several key trends in the M&A market:
- Companies providing cybersecurity and advanced data & analytics solutions for high-profile Intelligence Community customers remain highly coveted in the market;
- Strong preference for firms with prime positions supporting unique and notable intelligence programs of consequence with significant backlog, long-term visibility, a highly cleared employee base and exemplary past performance;
- Continued demand for companies that are poised to capitalize on key market growth drivers (e.g., full stack software development, cybersecurity, data & analytics, RPA, AI/ML, cloud, mission management); and
- Robust financial sponsor activity and appetite for investments, particularly for companies with leading market positions, differentiated mission-focused tech-enabled services capabilities, enduring customer relationships, employee-centric culture, and proven leadership teams
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 175 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.
Columbia, Maryland – November 30, 2022: Enlightenment Capital, an Aerospace, Defense, Government & Technology (ADG&T) investment firm based in the Washington, DC area, announced it has made a strategic investment in iNovex, a provider of software solutions, cybersecurity, Signals Intelligence (SIGINT), data analysis, and robotic process automation for the Intelligence Community (IC).
“This partnership provides iNovex with the financial and strategic resources needed to build a mid-tier Intelligence Community focused platform with a mission to support critical National Security programs,” said Jason Rigoli, Partner at Enlightenment Capital. “Gary Daigle (CEO) and Bob Phibbons (President) have built an impressive business, which is a recognized leader in the community, and we are thrilled to partner with them. We plan to continue to invest in the platform and drive growth – both organically and through strategic M&A – to put the company in a position to better support its customers.”
“Enlightenment is our ideal investment partner, and we are thrilled to join forces with them as they understand the sector and the critical mission needs of the national security community,” said Gary Daigle, CEO of iNovex. “Securing an investment partner is an important piece of iNovex’s strategy and will accelerate our investments aimed at enhancing our products and services, driving innovation, and introducing key relationships to strengthen iNovex and bring more value to our customers.”
“Enlightenment’s partnership will greatly benefit our customers and employees, building upon the past successes of iNovex,” said Bob Phibbons, President of iNovex. “Enlightenment’s reputation and experience supporting companies within the Intelligence Community creates an exciting pathway that enables us to accelerate our growth while preserving our company’s culture.”
Founded in 2005 and headquartered in Columbia, MD, iNovex provides software development, cybersecurity, Signals Intelligence (SIGINT), data analysis, and robotic process automation to solve our customers’ toughest mission challenges in the federal government and commercial sectors. For more information, visit www.inovexcorp.com and follow us at www.linkedin.com/company/inovexcorp.
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 & Technology (ADG&T) sector. The firm partners with businesses that provide vital services, protect critical infrastructure, innovate cyber and data solutions, enhance decision making capabilities, engineer aerospace and space systems, safeguard national security, and endeavor to meet the challenges of today and tomorrow. For more information, visit www.enlightenment-cap.com and follow us at www.linkedin.com/company/enlightenment-capital.