Sotera buys cyber intell firm
Sotera Defense Solutions is buying Software Process Technologies Inc., a company that works with on cyber intelligence missions.
Terms of the deal were not disclosed, but Sotera is picking up about $35 million in new revenue and broadens its customer base in the Fort Meade, Md., area.
The acquisition is expected to close in September.
Software Process Technologies provides a range of software engineering capabilities to intelligence agency customers.
“SPT, with a strong software engineering pedigree and expertise in content exploitation and defense analytics, combined with its strong culture of innovation, is a natural fit for Sotera,” said John Hillen, Sotera’s president and CEO.
The transaction is the first deal Sotera has closed since it’s own acquisition by Ares Management, a private equity group. Sotera formerly was known as Global Defense Technologies and Systems.
About the Author
Nick Wakeman is the editor-in-chief of Washington Technology. Follow him on Twitter: @nick_wakeman.