Arlington Capital Partners announced Nov. 14 the formation of Polaris Alpha through the merger of Arlington portfolio company EOIR Technologies with Intelligent Software Solutions, of Colorado Springs, Colorado, and PROTEUS Technologies, based in Annapolis Junction, Maryland. Polaris has over 1,100 employees and projects more than $250 million in 2017 revenue.
Terms of the transaction were not disclosed.
“Polaris will fill the void between niche players and prime contractors to deliver agile, sophisticated solutions to a growing number of government customers disillusioned with the traditional options available to them,” Arlington Capital Managing Partner Michael Lustbader said. “Polaris is a byproduct of the infusion of innovation into the national security sector and is contractually well-positioned to capitalize on this market opportunity.”
“EOIR, ISS and PROTEUS bring together complementary technologies and diverse customers that enable cross-selling of capabilities in high demand areas of the DOD and intelligence communities such as advanced analytics, big data and cyber,” Polaris CEO Pete Cannito said. “The innovation and technical capacity that is resident in this combined organization is impressive.”
“The combination of our technologies and subject matter expertise will significantly enhance our ability to deliver unique, impactful solutions to customers with some of the most important national security missions,” Polaris President Jay Jesse said. “This combination, facilitated by Arlington, has been years in the making, and adds breadth and depth to our solutions in the space, intelligence, C2 and cyber domains. It will greatly benefit both our employees and customers, building upon the success ISS has achieved in the last 18 years and taking it to a whole new level.”
“Polaris has invested heavily in its core technologies and has had tremendous success transitioning its R&D efforts to full-scale operations,” Arlington Capital Partner David Wodlinger said. “The company’s ability to develop and operationalize technology will be significantly amplified by the combined scale of the new entity. This investment in innovation results in superior solutions for the company’s customers and is core to our combined strategy.”
“I speak for all of PROTEUS when I say we are thrilled to join Pete, Jay and the rest of the team to execute upon our collective vision of being a premier technology provider,” Polaris Cyber & SigINT Executive Vice President Chuck Taylor said. “We share similar philosophies on building an organizational culture for our employees that encourages technical creativity, supports a flexible work environment and provides an opportunity to influence the technical direction of our nation’s most important strategic priorities.”
