Arlington Capital announces the formation of Polaris through the merger of EOIR, Intelligent Software Solutions, and PROTEUS Technologies
On November 14, Arlington Capital Partners (“Arlington Capital”), a Washington, DC-area private equity firm, announced the formation of Polaris Alpha (“Polaris” or the “Company”), a leading provider of mission-critical technology, software, and solutions to premier customers in the defense and intelligence communities.
Polaris was formed through the merger of Arlington portfolio company EOIR Technologies (“EOIR”) of Fredericksburg, VA with Intelligent Software Solutions (“ISS”), of Colorado Springs, CO, and PROTEUS Technologies (“PROTEUS”), based in Annapolis Junction, MD. The Company combines its advanced technical capabilities with specialized expertise to create innovative technologies for all contested domains: land, sea, air, cyber, space and the electromagnetic spectrum. Polaris has over 1,100 employees and projects over $250 million in 2017 revenue.
Terms of the transaction were not disclosed.
“Polaris will fill the void between niche players and prime contractors to deliver agile, sophisticated solutions to a growing number of government customers disillusioned with the traditional options available to them,” said Michael Lustbader, a managing partner at Arlington Capital. “Polaris is a byproduct of the infusion of innovation into the national security sector and is contractually well-positioned to capitalize on this market opportunity.”
“EOIR, ISS and PROTEUS bring together complementary technologies and diverse customers that enable cross-selling of capabilities in high demand areas of the DoD and Intelligence Communities such as advanced analytics, big data and cyber,” said Pete Cannito, CEO, Polaris. “The innovation and technical capacity that is resident in this combined organization is impressive.”
“The combination of our technologies and subject matter expertise will significantly enhance our ability to deliver unique, impactful solutions to customers with some of the most important national security missions,” said Jay Jesse, president, Polaris. “This combination, facilitated by Arlington, has been years in the making, and adds breadth and depth to our solutions in the Space, Intelligence, C2 and Cyber domains. It will greatly benefit both our employees and customers, building upon the success ISS has achieved in the last eighteen years and taking it to a whole new level.”
“Polaris has invested heavily in its core technologies and has had tremendous success transitioning its R&D efforts to full-scale operations,” said David Wodlinger, a partner at Arlington Capital. “The Company’s ability to develop and operationalize technology will be significantly amplified by the combined scale of the new entity. This investment in innovation results in superior solutions for the Company’s customers and is core to our combined strategy.”
“I speak for all of PROTEUS when I say we are thrilled to join Pete, Jay and the rest of the team to execute upon our collective vision of being a premier technology provider,” said Chuck Taylor, executive vice president of Cyber & SigINT, Polaris. “We share similar philosophies on building an organizational culture for our employees that encourages technical creativity, supports a flexible work environment, and provides an opportunity to influence the technical direction of our nation’s most important strategic priorities.”