November 21 2010
KippsDeSanto & Co. Advises Global Protocols on its Sale to Riverbed Technology
KippsDeSanto & Co. is pleased to send you the attached press release announcing the acquisition of our client, Global Protocols LLC (“Global Protocols”), by Riverbed Technology, Inc. (“Riverbed”). Riverbed acquired Global Protocols to strengthen its Wide Area Network (“WAN”) optimization capabilities and solidify its presence within Federal markets. Global Protocols was a portfolio company of The White Oak Guggenheim Aerospace & Defense Fund. The transaction closed on November 9, 2010.
Headquartered in Greenbelt, Maryland, Global Protocols is a leading provider of Transport Control Protocol (“TCP”) solutions for stressed, tactical communications networks within military satellite communications (“SATCOM”) markets. The Company’s flagship offering, SkipWare, is a software-based protocol acceleration solution that centers around the Space Communications Protocol Standards Transport Protocol (“SCPS-TP”), the Department of Defense’s (“DoD”) most commonly specified requirement for fixed and mobile satellite networking. The SkipWare solution differentiates itself from competing offerings by delivering leading levels of bandwidth optimization, error-tolerance, and interoperability for military SATCOM networks. The acquisition represents a continuation of the two companies’ partnership that began in 2008 with the goal of providing enabling bandwidth optimization solutions for mission-critical network communications initiatives within defense and intelligence agencies.
The White Oak Guggenheim Aerospace & Defense Fund is a committed fund of The White Oak Group, Inc, an Atlanta based investment firm focused on aerospace and defense, healthcare technology, and alternative energy / power solutions.
We believe this transaction demonstrates several key trends in the defense M&A environment:
• Growing demand from U.S. military agencies for SATCOM and mobile bandwidth solutions, driven by the DoD’s emphasis on network-centric warfare and the surge of bandwidth consumption by U.S. armed forces over the last decade.
• Considerable funding and attention aimed at defense communications technologies that support high-priority military mission areas.
• M&A processes driven by buyers looking to leverage sellers’ differentiated technology and intellectual property within core existing product lines.
• Private sector companies vying to establish strong positions within the Federal arena to take advantage of less volatile markets in light of the recent economic downturn.
LEAD INVESTMENT BANKERS
Kevin P. DeSanto
Michael J. Misantone
KippsDeSanto & Co. is pleased to send you the attached press release announcing the acquisition of our client, Global Protocols LLC (“Global Protocols”), by Riverbed Technology, Inc. (“Riverbed”). Riverbed acquired Global Protocols to strengthen its Wide Area Network (“WAN”) optimization capabilities and solidify its presence within Federal markets. Global Protocols was a portfolio company of The White Oak Guggenheim Aerospace & Defense Fund. The transaction closed on November 9, 2010.
Headquartered in Greenbelt, Maryland, Global Protocols is a leading provider of Transport Control Protocol (“TCP”) solutions for stressed, tactical communications networks within military satellite communications (“SATCOM”) markets. The Company’s flagship offering, SkipWare, is a software-based protocol acceleration solution that centers around the Space Communications Protocol Standards Transport Protocol (“SCPS-TP”), the Department of Defense’s (“DoD”) most commonly specified requirement for fixed and mobile satellite networking. The SkipWare solution differentiates itself from competing offerings by delivering leading levels of bandwidth optimization, error-tolerance, and interoperability for military SATCOM networks. The acquisition represents a continuation of the two companies’ partnership that began in 2008 with the goal of providing enabling bandwidth optimization solutions for mission-critical network communications initiatives within defense and intelligence agencies.
The White Oak Guggenheim Aerospace & Defense Fund is a committed fund of The White Oak Group, Inc, an Atlanta based investment firm focused on aerospace and defense, healthcare technology, and alternative energy / power solutions.
We believe this transaction demonstrates several key trends in the defense M&A environment:
• Growing demand from U.S. military agencies for SATCOM and mobile bandwidth solutions, driven by the DoD’s emphasis on network-centric warfare and the surge of bandwidth consumption by U.S. armed forces over the last decade.
• Considerable funding and attention aimed at defense communications technologies that support high-priority military mission areas.
• M&A processes driven by buyers looking to leverage sellers’ differentiated technology and intellectual property within core existing product lines.
• Private sector companies vying to establish strong positions within the Federal arena to take advantage of less volatile markets in light of the recent economic downturn.
LEAD INVESTMENT BANKERS
Kevin P. DeSanto
Michael J. Misantone