EverWatch acquires software, cloud services provider
EverWatch has made its largest acquisition since the defense and intelligence community contractor was formed in fall in 2018 by its backer Enlightenment Capital.
Reston, Virginia-based EverWatch is merging software and cloud services company BrainTrust into one of the former’s offices in Columbia, Maryland. Terms were not disclosed, but the deal adds approximately 165 employees to EverWatch’s workers that now stands at nearly 500 staffers.
BrainTrust’s founders and senior management team will join the newly-merged entity, Enlightenment Capital said in a release Monday.
“The addition of BrainTrust enables EverWatch to continue to aggressively pursue our strategy of combining innovative technical capabilities with the infrastructure and reach of a mid‐tier player,” said Jason Rigoli, a partner at Enlightenment Capital and chairman of EverWatch's board of directors.
Government market investment firm Enlightenment started EverWatch first through a merger of four companies, which was followed by two more deals.
“In this current environment of either a few very large companies or thousands of small companies, our government customers are looking for fully capable mid‐sized prime contractors to help them with their most critical missions,” CEO John Hillen said in the release.
Annapolis Junction, Maryland-based BrainTrust is led by CEO Robert Kiffney and touts its services as also including machine learning, systems engineering and cybersecurity to defense and intelligence agencies.
Fred Funk, EverWatch's chief growth officer, said his company aims to use the combination to "bid on and win mission critical work with unique technology solutions in much the same way we did with our recent win providing a unique C4ISR solution for the U.S. Navy.”
Baird acted as the exclusive financial adviser to BrainTrust.