Recently, Sotera Defense Solutions announced that it entered into a definitive agreement to acquire Potomac Fusion, Inc. Potomac Fusion develops data fusion, data analytics, cyber and visualization solutions for U.S. Intelligence Community and Department of Defense Tactical ISR mission systems operating in a cloud computing environment.
Sotera’s President & CEO John Hillen said, “At Sotera our strategy is to strengthen, deepen and align our core capabilities to address the rapidly evolving requirements of our national security customers. With core values that closely match our own – commitment to the customer’s mission and strong emphasis on agility, ingenuity and innovation – Potomac Fusion is a natural addition to the Sotera team. Potomac Fusion’s significant expertise in cloud computing architectures, data fusion and data analytics solutions will bolster the broad range of support we can provide to our customers operating on the front lines of cyber warfare, intelligence, and tactical ISR.”
The Chantilly, Virginia-based company was founded in 2002 with a focus on developing software frameworks for data fusion and big data analytics for DOD customers. With the accelerated demand for cloud architectures and data analytics, Potomac Fusion has grown steadily. The company is projecting revenues of $40 million for 2011
Terms of the deal were not disclosed and Sotera expects the transaction to close in December 2011, subject to customary closing conditions.
Read John Hillen’s 2012 Predictions for the Government Contracting Community here.