Peraton CEO and chairman Stu Shea said the acquisition of Solers will strengthen the company’s national security space portfolio.
WASHINGTON — Defense and intelligence contractor Peraton, based in Herndon, Virginia, announced on Monday it will acquire Solers, a software developer, cloud services and satellite ground systems provider located in Arlington, Virginia.
Peraton CEO and chairman Stu Shea said in a statement that the acquisition of Solers will strengthen the company’s national security space portfolio. Solers specializes in software development and systems integration for space situational awareness, satellite ground systems, cybersecurity and enterprise cloud systems.
The value of the transaction was not disclosed. Peraton is owned by the private equity firm Veritas Capital.
David Kellogg, president and CEO of Solers said the combination will boost both companies’ capabilities in the information technology, national security space and intelligence sectors.
Investment bank KippsDeSanto served as the financial advisor to Solers for this acquisition. Macquarie Capital acted as financial advisor to Peraton.
Within Peraton’s national security space business, one of the growth areas are satellite ground systems. The company recently competed for an Air Force $655 million contract award for satellite ground systems engineering, development, integration and sustainment, a program known as EDIS. The Air Force on Jan. 31 awarded the contract to SAIC and Peraton protested the decision. Last week the Government Accountability Office ruled in favor of Peraton in the protest, which might compel the Air Force to reopen the competition or start a new one.
Solers builds enterprise infrastructure for satellite ground systems and operations centers using a cloud computing infrastructure to create a mission independent environment capable of supporting multiple platforms.