Paragon Technology Group and LLR Partners announced today that the equity firm has made a majority investment in Paragon. The remaining ownership will be held by the company’s founders, executive team and employees. As part of the acquisition, LLR has appointed Scott Friedlander as President and CEO of Paragon. Friedlander has more than 30 years of executive leadership experience in the IT industry, including key leadership positions at Xerox Corporation and GTSI Corp.
Paragon’s suite of services include IT systems engineering and application development, governance and PMO implementation and support, business intelligence and data management, enterprise modernization, and financial and quality management. As a profitable, privately-owned company, Paragon is recognized as one of the top small businesses in the United States and one of the 50 fastest growing companies in the Washington, D.C., area. The investment and professional backing will allow the company to maintain its impressive growth rate and to enhance service offerings to new and existing customers.
“I am very excited about starting a new chapter of Paragon,” said Gazelle Hashemian, co-founder of Paragon Technology Group,
“I am thrilled that a seasoned executive like Scott will be leading the company throughout the next phase. Scott’s experience and energy combined with LLR’s backing will provide Paragon the necessary support to continue to grow and will expand our ability to support the customer mission.”
Scott Friedlander, President and CEO of Paragon Technology Group, said, “Today’s announcement marks an exciting new chapter for Paragon’s strategic direction. The company has seen dramatic growth over the past five years and continues to build superior technical domain expertise. I am thrilled to be joining Gazelle, Sassan and the strong management team as we build the company for future growth.”
Read Scott Friedlander’s 2012 predictions for the government contracting market here.
Friedlander also interviewed with WashingtonExec last year regarding “transformational leadership.”