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Satnews Daily
June 18th, 2019

Peraton to Acquire Software Development and Systems Integration Firm Solers

Peraton has entered into a definitive agreement to acquire Solers, Inc., a provider of software development and systems integration for Space Situational Awareness (SSA), satellite ground systems and operations, cybersecurity engineering, and enterprise cloud-based solutions.

The Solers acquisition will accelerate both near- and long-range growth opportunities and enhance Peraton’s ability to deliver highly differentiated space protection and resiliency solutions that directly support mission objectives and critical national security initiatives. The combined capabilities will enable Peraton to expand its offerings of innovative and agile end-to-end solutions that address the growing complexity of customer mission needs across both national security and civilian agency space and ground programs.

Investment bank KippsDeSanto acted as the financial advisor to Solers for this acquisition. Macquarie Capital acted as financial advisor to Peraton.

Stu Shea, Chairman, President and CEO of Peraton, said the acquisition of Solers represents an important step in the execution of the company's growth strategy and serves as a true force multiplier for Peraton and customers. By bringing together some of the most proven and innovative space protection and ground operations technologies in the industry, Peraton will be able to significantly enhance the firm's ability to execute on customers’ critical missions.

David Kellogg, President and CEO of Solers, added that the Solers/Peraton alignment is truly a strategic fit — the combined companies will continue Solers trademark high quality support to government clients. Through this combination with Peraton, customers will have access to some of the best people and technologies available to address their critical missions and the firm's employees will benefit from greatly expanded growth opportunities as part of this new company.”

Ramzi Musallam, CEO and Managing Partner of Veritas Capital, noted that Peraton’s transformational acquisition of Solers will accelerate the company’s presence in the high-priority, emerging space and communications markets. This combination will create a differentiated platform, strengthening Peraton’s ability to provide mission-critical services and solutions to its dynamic customer base.”