In-Q-Tel invests in Initiate Systems

In-Q-Tel has made a strategic investment in Initiate Systems Inc., a company that develops secure information-sharing technology. The amount of the investment was not disclosed.

Initiate Systems of Chicago makes customer data integration and enterprise master person index software.

In-Q-Tel decided to invest in Initiate Systems because the company's software is "accurate, high-performance, scalable and non-intrusive, and they have a proven track record of rapid deployment with a large number of commercial enterprises," Amit Yoran, In-Q-Tel's president and CEO, said in a statement.

In-Q-Tel typically invests from $1 million to $3 million in its portfolio companies, a company spokeswoman said.

The private venture capital group is funded by the Central Intelligence Agency. Its mission is to identify and invest in companies developing cutting-edge technology that can serve national security interests.

About the Author

William Welsh is a freelance writer covering IT and defense technology.

Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above.

What is your e-mail address?

My e-mail address is:

Do you have a password?

Forgot your password? Click here

Washington Technology Daily

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.


contracts DB