ASRC Federal, provider of services to government agencies, has acquired Vistronix Intelligence & Technology Solutions, a national security software developer and contractor. Enlightenment Capital, Vistronix’s first outside investor, was the seller.
Vistronix, based in Reston, Virginia, will do business as subsidiary of ASRC Federal, which is based in Beltsville, Maryland. Vistronix develops software used in advanced analytics, signal processing, cloud computing and data management by intelligence, national security and other federal agencies. ASRC Federal is a subsidiary of Arctic Slope Regional Corp. of Barrow, Alaska, a private corporation owned by 12,000 Iñupiat Eskimos. Arctic Slope Regional and its companies operate in petroleum refining and marketing, government services, energy services, construction and resource development.
Enlightenment Capital of Chevy Chase, Maryland, invested in Vistronix four years ago and helped build the company through six acquisitions. Enlightenment provides senior debt, mezzanine debt and minority, share equity investments to middle-market companies in the aerospace, defense and government sector, including businesses that protect infrastructure and national security, provide cybersecurity and data solutions, and engineer aerospace systems.
Cybersecurity has been a hot topic, most recently with news that some of the National Security Agency's hacking tools, flaws in corporate and government computer firewalls that could be exploited by hackers, were leaked online. Cybersecurity has been one of the primary drivers of M&A in the technology sector, and in the first half of 2016, technology deals led global M&A activity for the first time. More recently, Honeywell International Inc. (NYSE: HON) agreed to sell its provider of cybersecurity services for government agencies, Honeywell Technology Solutions Inc. to KBR Inc. (NYSE: KBR). Also, Belcan LLC, backed by AE Industrial Partners, acquired the Intercom Consulting & Federal Systems cybersecurity company.