Godspeed moves quick on federal tech market acquisition

Gettyimages.com/Mongkol Chuewong

Private equity firm Godspeed Capital Management acquires a second government technology solutions company just shy of one month on from its first transaction.

Private equity firm Godspeed Capital Management has acquired a second government technology solutions company just shy of one month on from its first purchase in the market.

Transaction number two announced Thursday involves Exceptional Software Strategies, a provider of IT services to agencies in the defense and intelligence communities. No terms were disclosed.

Linthicum Heights, Maryland-headquartered ESS concentrates on cyber, software and systems engineering, as well as geographic information systems.

ESS’ approach is to help agencies mitigate and combat threats across technology areas including blockchain, cloud computing and storage, data analytics, and artificial intelligence.

“We are excited to be joining Godspeed as part of a broader, better resourced and scalable platform strategy and look forward to collaborating with like-minded providers as we continue to enhance our collective solutions to meet the increasingly complex and evolving needs of the U.S. intelligence community,” said ESS’ founder and president Paul Stasko.

“Through their unparalleled knowledge and experience with existing and legacy infrastructure, data flows, and processes, ESS is uniquely positioned to shape the future of mission critical technology and data protection requirements,” added Douglas Lake, founder and managing partner of Godspeed.

Acquisition number one for Godspeed in the federal market was announced in December and centered on Varen Technologies, another technology solutions firm that works with defense and intelligence agencies.

Godspeed is working with East Rock Capital on identifying opportunities in the federal technology market for potential control buyouts, buy-and-builds, corporate carve-outs and special situations.

ESS was advised by Evergreen Advisors.