M&A

Enlightenment Capital backs secure IT company System High

Government market investment firm Enlightenment Capital has acquired a controlling stake in System High Corp., a provider of cyber and other secure technology services to government agencies.

Chantilly, Virginia-based System High becomes the latest platform Enlightenment has formed in the past four months, including the October formation of intelligence community IT EverWatch through a consolidation of other portfolio companies.

“System High will serve as the initial investment of a new Enlightenment platform, which will provide mission critical protection of the technology that underpins many of the most sensitive efforts within the defense, intelligence, and commercial sectors,” Enlightenment Capital Partner Jason Rigoli said in a release.

Terms of the new investment in System High were undisclosed. EverWatch was the first platform where Enlightenment took a controlling stake. Up until then, the investment group only made minority investments.

Founded in 2005 by Kirk Blubaugh and three other partners, System High builds protection systems that work to preserve technology and further secure IT systems for customers. The company also offers security engineering, counterintelligence and cybersecurity tools.

System High secured a key contract with the Defense Advanced Research Projects Agency in 2011 and that win helped grow the company to 200 employees by 2015.

As part of the Enlightenment backing, System High President Rob Howe becomes CEO and Blubaugh will join its board.

About the Author

Ross Wilkers is a senior staff writer for Washington Technology. He can be reached at rwilkers@washingtontechnology.com. Follow him on Twitter: @rosswilkers. Also find and connect with him on LinkedIn.

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