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Satnews Daily
January 8th, 2019

Parsons Acquires OGSystems ... it's a PeARL of a Deal

Parsons has acquired OGSystems, a solutions provider with advanced technologies in geospatial intelligence, big data analytics, and threat mitigation.

OGSystems’ core defense and intelligence customers include the National Geospatial-Intelligence Agency (NGA), the National Reconnaissance Office (NRO), and Special Operations Command (SOCOM).  Parsons’ acquisition of OGSystems is the latest in a series of strategic investments and is the corporation’s third acquisition in the past 14 months.

Founded in 2004, and headquartered in Chantilly, Virginia, OGSystems (a General Catalyst Portfolio Company), has operations in Missouri, Oregon and California. The company’s VIPER Labs and Immersive Engineering™ techniques serve as the catalysts for deployment of geospatial systems and software, embedded system threat analytics, as well as cloud engineering solutions.

OGSystems’ advanced hardware solutions include the PeARL family of sensors, combining industry-leading camera and optic lens technologies with our software solutions, yielding precise, very high resolution 2D and 3D aerial imagery.

Parsons’ customers include numerous Department of Defense organizations, the Department of Energy, the Maryland Procurement Office and other intelligence agencies, and critical infrastructure owners and operators throughout the world. Parsons was advised by Goldman Sachs & Co LLC and Latham & Watkins LLP.  OGSystems was advised by Baird, Ropes & Gray LLP and Miles & Stockbridge P.C.

Executive Comments

Chuck Harrington, Parsons’ Chairman and CEO, said Parsons’ strategy is focused on disruptive, differentiated technologies demanded in high-growth, mission-oriented programs in the defense, intelligence, and critical infrastructure sectors. The actionable intelligence that geospatial imagery and data analytics brings to Parsons’ portfolio through OGSystems is a game changer. Whether informing the firm's national security customers’ mission planning or designing tomorrow’s resilient smart city, Parsons now brings deeper intelligence expertise to the challenge.

Carey Smith, Parsons’ COO, noted that OGSystems will expand the company's position in critical markets, including space operations, cybersecurity, critical infrastructure, and beyond... Parsons’ existing artificial intelligence and cloud computing expertise will augment OGSystems’ support for customers demanding more efficiency in analyzing overwhelming volumes of geographic imagery and data.

Garrett Pagon, CEO and Co-Founder of OGSystems, added that the company was founded and operated on a single principle — providing impact to national security through innovation. OGSystems is proud of advancements such as the PeARL full motion video (FMV) 3D processing technology and 1000-fold reductions in security threat big data processing timelines. These are a direct result of everyone in the company taking personal responsibility for getting better every day and ‘Owning the Outcome.' Parsons’ people-focused culture is delivering disruptive technologies to customers worldwide and is the ideal future home for like-minded OGSystems employees.

Omar Balkissoon, OGSystems Chairman and co-founder, reported that the company has challenged the status quo and been on a 14 year trajectory as a change agent for defense and intelligence. Parsons’ mentality is completely aligned with OGSystems and provides the opportunity for us to continue making a difference with more customers on a bigger platform.