Transactions
August 5 2019
KippsDeSanto & Co. Advises Connexta on its sale to Octo, a Portfolio Company of Arlington Capital Partners
KippsDeSanto & Co. is pleased to announce the sale of Connexta, LLC (“Connexta” or the “Company”) to Octo, a portfolio company of Arlington Capital Partners.
Headquartered in Phoenix, AZ, Connexta is a leading provider of open source software solutions for global Intelligence, Surveillance, and Reconnaissance (“ISR”) data interoperability needs across the Department of Defense (“DoD”), Intelligence Community (“IC”), and international coalition partners. Leveraging established past performance coupled with intimate domain knowledge and expertise in modular, open source technologies, Connexta solves complex challenges for multi-domain ISR missions requiring aggregation, analysis, and dissemination of intelligence from a diversified data ecosystem that is geographically dispersed and siloed. Connexta employs approximately 130 personnel consisting primarily of full-stack and cloud engineers proficient in agile methodologies, industry certifications, and requisite security clearances.
The combination of the two firms allows Octo to be the go-to expert in data interoperability and user interface arenas for geospatial search and discovery solutions and combat systems. Octo’s acquisition of Connexta serves to expand capabilities and expedite delivery and data integration of combat systems across the Armed Forces and enhance Humanitarian Assistance and Disaster Relief tools for key customers in the National System for Geospatial Intelligence. This transaction also provides Octo significant international reach through contracts supporting strategic coalition partners in Europe, Asia, and Australia.
Connexta will provide product offerings that augment Octo’s existing capabilities. This comprehensive portfolio of product offerings coupled with differentiated services will broaden the combined entity’s customer footprint to reach currently untapped agencies and international allies with adjacent mission requirements and technical challenges that would benefit from the value-add the combined company now delivers.
We believe this investment demonstrates several key trends in the government services environment:
• Continued demand for high-growth DoD and IC-oriented firms with sustainable profitability;
• High demand for targets having demonstrated proficiency in leveraging proprietary technologies and unique product offerings to offer highly differentiated technology-enabled solutions;
• Acquirers continue to attribute strong value to companies with entrenched and defensible positions with key, hard-to-penetrate customers on mission-critical programs; and
•Increasing M&A activity by private equity – via new platforms and add-ons to existing portfolio companies
LEAD INVESTMENT BANKERS
KippsDeSanto & Co. is pleased to announce the sale of Connexta, LLC (“Connexta” or the “Company”) to Octo, a portfolio company of Arlington Capital Partners.
Headquartered in Phoenix, AZ, Connexta is a leading provider of open source software solutions for global Intelligence, Surveillance, and Reconnaissance (“ISR”) data interoperability needs across the Department of Defense (“DoD”), Intelligence Community (“IC”), and international coalition partners. Leveraging established past performance coupled with intimate domain knowledge and expertise in modular, open source technologies, Connexta solves complex challenges for multi-domain ISR missions requiring aggregation, analysis, and dissemination of intelligence from a diversified data ecosystem that is geographically dispersed and siloed. Connexta employs approximately 130 personnel consisting primarily of full-stack and cloud engineers proficient in agile methodologies, industry certifications, and requisite security clearances.
The combination of the two firms allows Octo to be the go-to expert in data interoperability and user interface arenas for geospatial search and discovery solutions and combat systems. Octo’s acquisition of Connexta serves to expand capabilities and expedite delivery and data integration of combat systems across the Armed Forces and enhance Humanitarian Assistance and Disaster Relief tools for key customers in the National System for Geospatial Intelligence. This transaction also provides Octo significant international reach through contracts supporting strategic coalition partners in Europe, Asia, and Australia.
Connexta will provide product offerings that augment Octo’s existing capabilities. This comprehensive portfolio of product offerings coupled with differentiated services will broaden the combined entity’s customer footprint to reach currently untapped agencies and international allies with adjacent mission requirements and technical challenges that would benefit from the value-add the combined company now delivers.
We believe this investment demonstrates several key trends in the government services environment:
• Continued demand for high-growth DoD and IC-oriented firms with sustainable profitability;
• High demand for targets having demonstrated proficiency in leveraging proprietary technologies and unique product offerings to offer highly differentiated technology-enabled solutions;
• Acquirers continue to attribute strong value to companies with entrenched and defensible positions with key, hard-to-penetrate customers on mission-critical programs; and
•Increasing M&A activity by private equity – via new platforms and add-ons to existing portfolio companies
LEAD INVESTMENT BANKERS
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