Two Six Technologies Acquires Trusted Concepts Inc.
August 24 2021 - 8:00AM
Two Six Technologies, a high-growth, technology-focused provider of
products and expertise to U.S. national security customers,
announced today it has acquired Trusted Concepts Inc. (“Trusted
Concepts”), a leading provider of software engineering, cyber, and
advanced analytics solutions to customers in the Intelligence
Community.
Two Six Technologies (“Two Six”) was formed in February 2021 by
global investment firm The Carlyle Group (NASDAQ: CG) through the
acquisitions and combination of IST Research and Two Six Labs.
Trusted Concepts represents Two Six’s first acquisition since the
combination and brings a highly talented team, unique capabilities
and software products, and longstanding customer relationships to
accelerate the strategic vision of Two Six.
“I’m absolutely thrilled to welcome Trusted Concepts into the
Two Six team,” said Joe Logue, CEO of Two Six Technologies.
“Trusted Concepts’ co-founders and entire staff are top-tier
professionals with world-class expertise. The two companies are
extraordinarily complementary, with a shared strategic vision and
strong cultures focused on innovation, mission impact, and
attracting the industry’s best talent.” He added, “With our
combined technical and operational capabilities, Two Six now has
the means to more rapidly address the mission needs of a broad set
of intelligence customers.”
Trusted Concepts is a leading provider of high-end information
technology services to federal and commercial clients, primarily
supporting U.S. national security missions. Based in Herndon, VA,
the company has over 130 employees and more than 15 years of
outstanding past performance serving some of the most discerning
and coveted customers in the intelligence and defense communities.
Trusted Concepts has deep domain expertise in cyber, data
analytics, secure communications and encryption, and developed the
proprietary security product TrustedKeep, which provides scalable,
object-level encryption for U.S. Government customers.
“Two Six Technologies is the ideal strategic partner for Trusted
Concepts, and joining Two Six enables us to reach the next stage of
our growth and our long-term goals,” said Michael Frazier,
Co-founder and CEO of Trusted Concepts. “This combination is a
testament to the success Trusted Concepts has strived for and
achieved since its inception. I’m incredibly proud of our team
being recognized in this very concrete way, and I anticipate that
together we will offer an unmatched set of solutions to an
ever-expanding client base.”
“Trusted Concepts is a highly differentiated performer for the
U.S. intelligence community, and the addition of its talented
workforce, products, and expertise will strengthen Two Six’s
ability to innovate and solve complex problems that impact the
highest priority missions of our government customers,” said Dayne
Baird, Managing Director at The Carlyle Group and Two Six
Technologies Board member. “We are incredibly excited by the rapid
growth that Two Six Technologies is experiencing, and will continue
to invest in and support Joe Logue and the Two Six leadership team
to achieve their strategic vision.”
Terms of the transaction were not disclosed. Baird acted as the
exclusive financial advisor and Miles & Stockbridge acted as
legal advisor to Trusted Concepts. Latham & Watkins LLP acted
as legal advisor to Carlyle and Two Six Technologies.
About Two Six TechnologiesTwo Six Technologies
is a high-growth technology company providing products and
expertise to national security customers. The Company solves
complex challenges in six focus areas: cyber and space operations,
information operations, intelligence and decision support, data
science, microelectronics, and nextgen communications. The Company
offers a family of operationally deployed products including Pulse,
IKE™, SIGMA™, TrustedKeep, 8Wire™, and others. Major customers
include DARPA, Department of State, U.S. Cyber Command, Department
of Homeland Security, the Intelligence Community and the broader
Department of Defense. Headquartered in Arlington, Virginia, Two
Six Technologies has more than 440 employees and a global
operational footprint that includes a technical presence in more
than 40 countries, coupled with native proficiency in more than 20
languages. For more information, visit twosixtech.com.
More Information and Media Contact:
David Leach
Two Six Technologies
(703) 782-9473
David.Leach@twosixtech.com
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