Home / M&A Activity / Parsons Acquires Polaris Alpha Under Tech Investment Program; Chuck Harrington Comments

Parsons Acquires Polaris Alpha Under Tech Investment Program; Chuck Harrington Comments

Chuck Harrington

Pasadena, Calif.-based company Parsons has acquired Polaris Alpha from Arlington Capital Partners as part of a technology investment program.

Parsons said Monday it will merge its knowledge in artificial and signals intelligence and data analytics with Polaris Alpha’s machine learning, data, video, multisource analytics and automated reasoning offerings.

“The acquisition of Polaris Alpha is the latest transformative move for Parsons that takes our technology solutions strategy to a new level with customers needing advanced solutions to rapidly evolving threats,” said Parsons CEO Chuck Harrington.

The Colorado Springs, Colo.-based firm will be integrated into Parsons’ federal business unit under Carey Smith’s responsibility.

Smith noted that the customers of the two companies will benefit from existing, complementary offerings and enhanced technologies under a shared vision of rapid prototyping and agile development.

Polaris Alpha offers a range of products and services for electromagnetic warfare, signals intelligence, space situational awareness and multidomain command and control.

Check Also

Kevin McDonnell to Join AeroVironment as SVP, CFO

Kevin McDonnell, former senior vice president and chief financial officer of JAMS, has been appointed to the same positions at unmanned aircraft system maker AeroVironment (Nasdaq: AVAV). His appointment is effective Feb. 10 and he will succeed Brian Shackley, who has held the CFO role at AeroVironment on an acting basis since October, the company said Thursday.

Army Engineers Select Brayman for $320M Bluestone Dam Rehabilitation Contract

Brayman Construction has landed a potential nine-year, $319.6M contract from the U.S. Army Corps of Engineers to renovate recreational areas and equipment at the Bluestone Dam's stilling basin in West Virginia.