On June 4, Herndon, VA-based Tyto Athene, LLC announced it has signed a definitive agreement to acquire MindPoint Group, a provider of end-to-end managed cybersecurity services to leading U.S. federal agencies and organizations. Tyto is a portfolio company of Arlington Capital Partners, a Washington, D.C.-area private investment firm specializing in government-regulated industries.
Tyto delivers enterprise-level solutions that enable modern networking, enterprise IT, and cybersecurity services for U.S. defense, national security, intelligence, space, and public safety agencies around the globe. As a pure-play cybersecurity provider, MindPoint will bolster Tyto’s cyber capabilities and expand its current footprint in the federal civilian market.
Since 2009, MindPoint has been a global trusted cybersecurity advisor to U.S. federal agencies and commercial enterprises. The Company is an ISO 9001-certified organization that offers a multi-faceted approach to delivering comprehensive, best-of-breed cybersecurity services and solutions. With expertise in cyber defense; governance, risk, and compliance; architecture and engineering; and proactive security services; MindPoint has demonstrated a proven ability to deliver managed Security Operations Center (SOC) services.
“MindPoint’s customer-first ethos and dedication to delivering top-of-the-line cybersecurity solutions make an excellent fit with our mission-focused culture,” said Dennis Kelly, CEO of Tyto Athene. “The synergies between MindPoint and Tyto enable us to provide a fully integrated cyber solution approach that many of our customers seek to bolster their security postures against evolving cyber threats.”
Michael Lustbader, a managing partner at Arlington, said, “We’ve tracked MindPoint for a number of years and have been impressed by its highly technical workforce, cutting edge capabilities, and deep commitment to the success of its customers’ missions. This acquisition strengthens Tyto’s cyber capabilities, adds scale, and supports further expansion into the federal law enforcement segment. We look forward to supporting Dennis, Patti, and the team with this integration as Tyto continues to accelerate its growth and further strengthen its core service offerings.”
“We are delighted to be joining the Tyto family and look forward to our future collaboration,” said Patti Chanthaphone, president of MindPoint. “I am pleased to work with Dennis, partner with Arlington, and assume a senior role with Tyto’s leadership team, to bring resilient and comprehensive cyber system integration capabilities to our mission partners.”
The transaction is expected to close at the end of June 2024, subject to regulatory approvals and customary closing conditions.
Source: Tyto Athene
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