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Sotera Announces the Acquisition of Software Process Technologies, Inc.
Aug 09, 2011 (05:08 PM EDT)
Expands Software Engineering Expertise in Cyber Intelligence Customer Base
MCLEAN, Va., Aug. 9, 2011 /PRNewswire/ -- Sotera Defense Solutions (Sotera), a provider of mission-critical, technology-based systems, solutions and services for national security agencies and programs of the U.S. government, announced today that it entered into a definitive agreement to acquire Software Process Technologies, Inc. (SPT) on August 8, 2011. SPT delivers a range of mission-focused, specialized software engineering capabilities to support the cyber intelligence missions of its customers.
John Hillen, Sotera's President & CEO, stated, "SPT, with a strong software engineering pedigree and expertise in content exploitation and defense analytics, combined with its strong culture of innovation, is a natural fit for Sotera and the company's addition is a key element in fulfilling our vision to become a leading mid-size, mission-focused partner for our national security customers. Adding SPT to our team doubles our presence in the Ft. Meade area and further expands our capabilities in the growing areas of cyber intelligence and cyber operations. We look forward to leveraging these new capabilities to provide even greater mission support to our customers."
Based in Columbia, Maryland, the company has grown rapidly and employs approximately 140 professionals in the Ft. Meade, Maryland area. The company expects to generate approximately $35 million in 2011 revenue and its outstanding financial performance is driven by its unique solutions focus, leading edge technical expertise and direct exposure to programs addressing the pressing mission requirements of the cyber community.
Christine Dockstader, SPT President & CEO commented, "We are pleased to join forces with Sotera - a mission-oriented and customer focused prime-contractor recognized within the industry for its responsiveness and ingenuity. Our leadership team is excited about the expanded opportunities for all of our employees through the combination with Sotera. Sotera's established expertise in cyber security, counterterrorism and C4ISR are a strong complement to our competencies and will allow us to offer even greater support to existing and future customers."
Terms of the deal were not disclosed and Sotera expects the transaction to close in September 2011. Houlihan Lokey served as the advisor to SPT on the transaction.
About Sotera Defense Solutions, Inc.
Sotera Defense Solutions, Inc. (Sotera) is an agile, mid-sized national security technology company that delivers innovative systems, solutions and services in support of the critical missions of the Intelligence Community, Department of Defense, Department of Homeland Security and federal law enforcement agencies charged with ensuring the safety and security of our nation. Sotera is projecting revenues of over $320 million in 2011. Our 1,200+ employees are focused on delivering essential counterterrorism, cyber operations, intelligence, C4ISR and force mobility solutions to our customers throughout the national security community. Learn more about Sotera at www.soteradefense.com.
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SOURCE Sotera Defense Solutions