Transactions
September 21 2010
KippsDeSanto & Co. Advises Novii Design LLC on its Sale to GTCR and Six3 Systems, Inc.
KippsDeSanto & Co. is pleased to send you the attached press release announcing the acquisition of our client, Novii Design LLC (“Novii”), by Six3 Systems, Inc. (“Six3”), a portfolio company of private equity group GTCR. Six3 acquired Novii to broaden its advanced IT engineering capabilities and expand its depth and breadth in highly sought after Intelligence Community customers. The transaction closed on September 27, 2010.
Headquartered in Columbia, MD, Novii is a leading provider of advanced enterprise software and systems engineering services to the Intelligence Community. The Company’s deep expertise in data warehouses, analytics, and cloud technologies enables its customers to more efficiently find, utilize, and act on their mission critical data. Furthermore, Novii’s holistic, mission-driven development process and extensive experience in open source development allows it to provide its customers highly scalable, interoperable, and effective IT solutions with a high return on investment and low total cost of ownership.
We believe this transaction represents a number of key trends in government technology M&A:
• Focus and depth is a major differentiator for sellers seeking to optimize deal terms in today’s M&A market.
• Strong buyer interest in firms supporting key Intelligence Community initiatives, particularly in the Fort Meade market.
• Heightened importance placed on in-demand capabilities, including high-end software development and cybersecurity solutions.
• Robust pace of M&A activity within the cybersecurity / intel arena, which represents 38% of government services transactions since the start of 2009.
LEAD INVESTMENT BANKERS
Kevin P. DeSanto
Jon Yim
KippsDeSanto & Co. is pleased to send you the attached press release announcing the acquisition of our client, Novii Design LLC (“Novii”), by Six3 Systems, Inc. (“Six3”), a portfolio company of private equity group GTCR. Six3 acquired Novii to broaden its advanced IT engineering capabilities and expand its depth and breadth in highly sought after Intelligence Community customers. The transaction closed on September 27, 2010.
Headquartered in Columbia, MD, Novii is a leading provider of advanced enterprise software and systems engineering services to the Intelligence Community. The Company’s deep expertise in data warehouses, analytics, and cloud technologies enables its customers to more efficiently find, utilize, and act on their mission critical data. Furthermore, Novii’s holistic, mission-driven development process and extensive experience in open source development allows it to provide its customers highly scalable, interoperable, and effective IT solutions with a high return on investment and low total cost of ownership.
We believe this transaction represents a number of key trends in government technology M&A:
• Focus and depth is a major differentiator for sellers seeking to optimize deal terms in today’s M&A market.
• Strong buyer interest in firms supporting key Intelligence Community initiatives, particularly in the Fort Meade market.
• Heightened importance placed on in-demand capabilities, including high-end software development and cybersecurity solutions.
• Robust pace of M&A activity within the cybersecurity / intel arena, which represents 38% of government services transactions since the start of 2009.
LEAD INVESTMENT BANKERS
Kevin P. DeSanto
Jon Yim
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