Former SI execs make first deal with SGIS acquisition
Salient Federal Solutions buys intelligence analysis and cybersecurity firm
- By David Hubler
- Jun 29, 2010
Salient Federal Solutions Inc., a new government information technology and engineering solutions company founded by former executives of SI International, has taken its first step into the mergers and acquisitions market by acquiring SGIS, an IT services and solutions provider to the federal government.
SGIS specializes in areas such as intelligence analysis, cybersecurity, engineering, training, and logistics, according to a Salient announcement made today.
Financial terms of the acquisition from SGIS’ parent company, Skillstorm, were not reported.
The acquisition supports Salient’s growth plans to build a world-class federal IT and engineering solutions company, a Salient statement said.
The purchase of the privately held San Diego company, will also take advantage of SGIS’ management and operational expertise to support high-priority missions of the federal government, the statement added.
“SGIS is the type of strategic acquisition we have been seeking,” said Brad Antle, president and chief executive officer of Salient Federal Solutions. Antle is the former CEO of SI International, which was acquired by Serco Inc. in 2008. “They provide an incredible team of talented professionals with exactly the right set of skills in demand by our customers, and their concentration in the classified defense and intelligence markets is a plus.”
Established in 2002, SGIS has approximately 675 employees with 14 primary office locations across the United States.
SGIS provides innovative technology-focused services and solutions in the following areas: IT solutions, intelligence solutions, engineering, training and logistics services, and cybersecurity solutions.
Clients include the Defense, Justice and Homeland Security departments, the intelligence community, NASA and the National Oceanic and Atmospheric Administration.
Salient was founded in 2009 by four former SI International Inc. executives – Antlee, Ray Oleson, Ted Dunn and Tom Lloyd. The partnership, including longtime capital partner Frontenac Co., started out by creating a $100 million equity investment nest egg.
David Hubler is the former print managing editor for GCN and senior editor for Washington Technology. He is freelance writer living in Annandale, Va.