Enlightenment Capital invests in iNovex
Enlightenment Capital, an Aerospace, Defense, Government & Technology (ADG&T) investment firm based in the Washington, DC area, announced November 30 it has made a strategic investment in Columbia, MD-based iNovex, a provider of software solutions, cybersecurity, Signals Intelligence (SIGINT), data analysis, and robotic process automation for the Intelligence Community (IC).
“This partnership provides iNovex with the financial and strategic resources needed to build a mid-tier Intelligence Community focused platform with a mission to support critical National Security programs,” said Jason Rigoli, Partner at Enlightenment Capital. “Gary Daigle (CEO) and Bob Phibbons (president) have built an impressive business, which is a recognized leader in the community, and we are thrilled to partner with them. We plan to continue to invest in the platform and drive growth – both organically and through strategic M&A – to put the company in a position to better support its customers.”
“Enlightenment is our ideal investment partner, and we are thrilled to join forces with them as they understand the sector and the critical mission needs of the national security community,” said Gary Daigle, CEO of iNovex. “Securing an investment partner is an important piece of iNovex’s strategy and will accelerate our investments aimed at enhancing our products and services, driving innovation, and introducing key relationships to strengthen iNovex and bring more value to our customers.”
“Enlightenment’s partnership will greatly benefit our customers and employees, building upon the past successes of iNovex,” said Bob Phibbons, president of iNovex. “Enlightenment’s reputation and experience supporting companies within the Intelligence Community creates an exciting pathway that enables us to accelerate our growth while preserving our company’s culture.”
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