Transactions

February 21, 2011

KippsDeSanto & Co. Advises Federal Concepts, LLC on its Sale to Jorge Scientific Corporation

KippsDeSanto & Co. is pleased to send you the attached press release announcing the acquisition of our client, Federal Concepts, LLC (“FedConcepts”), by Jorge Scientific Corporation (“Jorge”), a portfolio company of J.H. Whitney & Co., LLC. Jorge acquired FedConcepts to deepen its cyber-security and network infrastructure architecture, design, and engineering capabilities. The transaction closed on February 1, 2011.

Headquartered in Stevensville, Maryland, with significant operations in Quantico, Virginia, FedConcepts’ cyber-security solutions significantly fortify and enable secure operations of high-target networks and IT environments, including Secret Internet Protocol Router Network (“SIPRNet”) and Non-Classified Internet Protocol Router Network (“NIPRNet”) nodes, amongst others. Key customers include the Marine Corps Network Operations & Security Center and the Treasury Office of the Comptroller of the Currency. FedConcepts employs a team of cleared, highly certified professionals possessing technical expertise that are both current customer specific, and also highly applicable to a diverse population of potential clients with similar security needs.

We believe this transaction represents a number of key trends in government and defense technology M&A:

• Companies with leading cyber-security capabilities remain at the forefront of industry acquisition criteria

• Technical and customer focus and depth that is easily integrated to meet clear strategic need(s) increasingly drives strategic interest

• Thoughtful explanation and strategic positioning of rapid growth, and sustainability of strong profitability can drive premium transaction results

• Years of industry consolidation along with continued strong private equity interest in the sector are increasingly providing a new crop of buyers with strong management horsepower and financial backing

LEAD INVESTMENT BANKERS

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Bob Kipps

Contact Bob
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Marc B. Marlin

Contact Marc

KippsDeSanto & Co. is pleased to send you the attached press release announcing the acquisition of our client, Federal Concepts, LLC (“FedConcepts”), by Jorge Scientific Corporation (“Jorge”), a portfolio company of J.H. Whitney & Co., LLC. Jorge acquired FedConcepts to deepen its cyber-security and network infrastructure architecture, design, and engineering capabilities. The transaction closed on February 1, 2011.

Headquartered in Stevensville, Maryland, with significant operations in Quantico, Virginia, FedConcepts’ cyber-security solutions significantly fortify and enable secure operations of high-target networks and IT environments, including Secret Internet Protocol Router Network (“SIPRNet”) and Non-Classified Internet Protocol Router Network (“NIPRNet”) nodes, amongst others. Key customers include the Marine Corps Network Operations & Security Center and the Treasury Office of the Comptroller of the Currency. FedConcepts employs a team of cleared, highly certified professionals possessing technical expertise that are both current customer specific, and also highly applicable to a diverse population of potential clients with similar security needs.

We believe this transaction represents a number of key trends in government and defense technology M&A:

• Companies with leading cyber-security capabilities remain at the forefront of industry acquisition criteria

• Technical and customer focus and depth that is easily integrated to meet clear strategic need(s) increasingly drives strategic interest

• Thoughtful explanation and strategic positioning of rapid growth, and sustainability of strong profitability can drive premium transaction results

• Years of industry consolidation along with continued strong private equity interest in the sector are increasingly providing a new crop of buyers with strong management horsepower and financial backing

LEAD INVESTMENT BANKERS

banker-photo

Bob Kipps

Contact Bob
banker-photo

Marc B. Marlin

Contact Marc