Close Menu
WashingtonExec
    Podcast Episodes
    LinkedIn Facebook X (Twitter) Instagram YouTube
    LinkedIn Facebook X (Twitter) Instagram YouTube
    WashingtonExec
    Subscribe To The Daily
    • News & Headlines
    • Executive Councils
    • Videos
    • Podcast
    • Events
      • 🏆 Chief Officer Awards
      • 🏆 Pinnacle Awards
    • About
    • Contact Us
    LinkedIn YouTube X (Twitter)
    WashingtonExec
    You are at:Home»News»Mergers & Acquisitions»Fulcrum Acquires PTR Group, Boosting Intelligence and R&D Capability
    Mergers & Acquisitions

    Fulcrum Acquires PTR Group, Boosting Intelligence and R&D Capability

    By Ben WickerFebruary 19, 2018
    Share
    LinkedIn Facebook Twitter Email
    Jeff Handy, Fulcrum IT Services, LLC

    Fulcrum IT Services has announced its acquisition if The PTR Group, a software and technology company, saying the addition will expand its roster of national security clients and accelerate its growth in intelligence and research and development markets. Financial terms were not disclosed.

    The PTR Group provides real-time and distributed system technologies and software for military and space applications, with clients including the Defense Advanced Research Projects Agency, the National Geospatial-Intelligence Agency, the Naval Research Laboratory and NASA.

    The acquisition reinforces Fulcrum’s commitment to leading-edge solutions and innovative technology, including cyber operations and research, satellite and robotic control, software engineering, and embedded development, according to Fulcrum CEO Jeff Handy.

    “This acquisition expands Fulcrum’s cyber capabilities and solidifies Fulcrum’s entry into the R&D markets complementing a mindset of innovative concepts and solutions to support cutting edge mission requirements,” Handy said.

    PTR Group CEO and co-founder Dean Thompson said the merger will provide PTR employees the opportunity to work with a wider set of federal clients.

    “Fulcrum provides access to clients like the U.S. Special Operations Command, military intelligence organizations and the Army’s Night Vision Labs, where PTR’s capabilities are extremely relevant,” Thompson said.

    Bob Kipps, managing director at KippsDeSanto & Co., said the acquisition is another example of Fulcrum IT strategically using M&A to stay at the forefront of intelligence client needs.

    “Effective execution on their organic and inorganic strategy has resulted in spectacular growth and performance,” Kipps said.

    Fulcrum has made been fairly active in M&A in recent years. It previously purchased Dataline ITG in May 2011, Corbin Company in October 2012, and Forgentum in Feb 2014.

    Related: Fulcrum Wins Prime Contract from U.S. Special Operations Command

    Previous ArticleINSA Announces New Board Members
    Next Article Heart Ball Offers Black-Tie Night Out for a Cause

    Related Posts

    2025 Chief Officer Awards Winner: SPA’s Dave Hearding

    ASRC Federal Taps Aerospace Veteran Mike O’Hara to Drive Space Growth

    Leidos Wins $35M DISA Contract to Modernize Cross-Domain Data Sharing

    Comments are closed.

    LinkedIn Follow Button LinkedIn Logo Follow Us on LinkedIn
    2025 Chief Officer Awards - Winners Revealed
    Latest Industry Leaders

    Top Cyber Execs to Watch in 2025

    Top Chief Technology Officers to Watch in 2025

    Load More
    Latest Posts

    2025 Chief Officer Awards Winner: SPA’s Dave Hearding

    June 19, 2025

    ASRC Federal Taps Aerospace Veteran Mike O’Hara to Drive Space Growth

    June 19, 2025

    Leidos Wins $35M DISA Contract to Modernize Cross-Domain Data Sharing

    June 19, 2025

    Top Health Care Execs to Watch in 2025: Peraton’s Lauren Toth

    June 19, 2025

    Top Health Care Execs to Watch in 2025: Intel Corp.’s Mike Namvar

    June 19, 2025
    Quick Links
    • Executive Councils & Committees
    • Chief Officer Awards
    • Pinnacle Awards
    • Advertise With Us
    • About WashingtonExec
    • Contact
    Connect
    • LinkedIn
    • YouTube
    • Facebook
    • Twitter

    Subscribe to The Daily

    Connect. Inform. Celebrate.

    Copyright 2023 © WashingtonExec, Inc. | All Rights Reserved. Powered by J Media Group

    Type above and press Enter to search. Press Esc to cancel.