Parsons will acquire Polaris Alpha, an advanced, technology-focused provider of innovative mission solutions for complex defense, intelligence, and security customers, as well as other U.S. federal government customers.
Parsons’ agreement to acquire Polaris Alpha, from private equity firm Arlington Capital Partners, is the latest in the company’s series of strategic investments focused on companies with technologies aligned to evolving threats in the land, sea, air, space, and cyber domains.
Parsons’ existing artificial intelligence (AI), signals intelligence, and data analytics expertise supporting defensive and offensive cybersecurity missions will be expanded by the integration of Polaris Alpha’s machine learning, data, video, multi-source analytics, and automated reasoning technologies. Polaris Alpha’s portfolio of electromagnetic (EM) warfare, signals intelligence (SIGINT), space situational awareness, and multi-domain command and control (C2) technologies will significantly increase the scale and scope of Parsons’ capabilities and customer relationships. Both companies support the U.S. intelligence community, numerous U.S. Department of Defense agencies, the Department of Homeland Security, and other federal agencies, including the National Aeronautics and Space Administration and the Department of Justice.
Polaris Alpha has more than 1,300 employees, with nearly 90% maintaining security clearances. The company’s major office locations are in Colorado Springs, Colorado; Columbia, MD; Aberdeen, Maryland; and Fredericksburg, Virginia; with additional offices, research and development facilities, and onsite customer operations in several other states and the United Kingdom.
Polaris Alpha was formed through Arlington Capital’s merger of EOIR Technologies, Intelligent Software Solutions (ISS), and Proteus Technologies. In 2017, Intelesys and Solidyn were added, and in April 2018, 4D was acquired. Polaris Alpha will become part of Parsons’ Federal business unit, led by Carey Smith. Baird advised Parsons on this deal.
Chuck Harrington, Parsons’ Chairman and CEO, noted that the agreement to acquire Polaris Alpha is the latest transformative move for Parsons that takes the firm's technology solutions strategy to a new level with customers needing advanced solutions to rapidly evolving threats. With the integration of Polaris Alpha into Parsons, Parsons enhances the firm's proven artificial intelligence and data analytics expertise with new technologies and solutions, the demand for which is growing exponentially.
Carey Smith, President of Parsons’ Federal business unit, added that Parsons and Polaris Alpha customers, many of which are common to both companies, will benefit from existing, complementary technologies and increased scale, enabling end-to-end solutions under our shared vision of rapid prototyping and agile development. The integration plan for the two companies is simple: combine Parsons’ and Polaris Alpha’s capabilities and cultures for the benefit of the firm's customers and employees.
Peter Cannito, Polaris Alpha’s CEO, added that the combination of Polaris Alpha into Parsons is a logical continuation of the company's strategy to deliver highly differentiated technical capabilities for the government’s most critical missions. Joining Parsons significantly broadens our access to new markets, solidifies our ability to deliver at scale, and provides a unique opportunity for our employees to continue to have a meaningful role in a transformative culture and premier organization.