Aronson Capital Partners (ACP) is pleased to announce the acquisition of FlexPoint Technology, LLC by Haystax Technology, a portfolio company of the Edgewater Funds. ACP provided buy-side advisory services to Haystax in this transaction.
FlexPoint Technology, headquartered in Reston, VA, specializes in private and public cloud solutions that deliver secure collaboration and application development capabilities in security-demanding environments. FlexPoint's cadre of software and systems engineers leverage commercial off-the-shelf technologies to facilitate secure computing and information sharing throughout the Defense and Intelligence Community markets.
Haystax Technology is a high technology company created to revolutionize the defense and intelligence markets by integrating innovative, leading edge technology companies with capabilities in multi-source collection and data fusion, big data analytics, visualization and exploitation. Haystax announced its partnership with Chicago-based Edgewater Funds in July 2012, and closed its first acquisition, Digital Sandbox, in April 2013.
We believe this transaction illustrates a number of key trends in government technology M&A:
- The Intelligence Community's commitment to information sharing and secure computing is a catalyst for M&A activity
- Significant market interest for federally focused service providers that can identify and integrate cutting edge commercial solutions in response to USG challenges
- Private equity backed companies continue to demonstrate interest in well positioned, high growth targets despite budgetary headwinds
Aronson Capital Partners is a leading M&A advisor to middle-market defense and government technology solutions providers. ACP provides a full range of M&A and corporate finance advisory services to enable our clients to achieve their growth and liquidity objectives. With our exclusive focus on the federal sector, we are able to provide clients with a unique industry perspective and access to longstanding relationships with the most active strategic buyers.