Herndon, VA-based Peraton, a portfolio company of Veritas Capital, announced on June 17 that it has entered into a definitive agreement to acquire Solers, Inc., a leading provider of software development and systems integration for space situational awareness, satellite ground systems and operations, cybersecurity engineering, and enterprise cloud-based solutions.
“The acquisition of
Solers represents an important step in the execution of our growth strategy and
serves as a true force multiplier for Peraton and our customers. By bringing
together some of the most proven and innovative space protection and ground
operations technologies in the industry, we will be able to significantly
enhance our ability to execute on our customers’ critical missions,” said Stu
Shea, chairman, president and CEO of Peraton. “I’m excited to welcome the
talented Solers team to Peraton, strengthening our already robust space
portfolio, technical excellence and rapid innovation capabilities.”
The Solers
acquisition will accelerate both near- and long-range growth opportunities and
enhance Peraton’s ability to deliver highly differentiated space protection and
resiliency solutions that directly support mission objectives and critical
national security initiatives. The combined capabilities will enable Peraton to
expand its offerings of innovative and agile end-to-end solutions that address
the growing complexity of customer mission needs across both national security
and civilian agency space & ground programs.
“The Solers/Peraton
alignment is truly a strategic fit and I have full confidence that the combined
companies will continue Solers trademark high quality support to our government
clients,” said David Kellogg, president and CEO of Solers. “Through our
combination with Peraton – a company with whom we have many shared values – our
customers will have access to some of the best people and technologies
available to address their critical missions and our employees will benefit
from greatly expanded growth opportunities as part of this new company.”
“Peraton’s transformational acquisition of Solers will accelerate the company’s presence in the high-priority, emerging space and communications markets,” said Ramzi Musallam, CEO and managing partner of Veritas Capital. “This combination will create a differentiated platform, strengthening Peraton’s ability to provide mission-critical services and solutions to its dynamic customer base.”
Source: Solers
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