An affiliate of global investment firm The Carlyle Group (Nasdaq: CG) has acquired and combined Two Six Labs and IST Research to establish a technology platforms provider, Two Six Technologies, to the Department of Defense, Intelligence Community and other U.S. national security clients.
Joe Logue, formerly an executive vice president at Booz Allen Hamilton (NYSE: BAH), will serve as CEO of the combined entity, Carlyle said Monday.
Two Six Technologies is headquartered in Arlington, Virginia, with over 285 employees focused on delivering cybersecurity, research and development, implementation support in data science, microelectronics, mobile and information operations and a family of operationally deployed platforms such as Pulse, SIGMA, 8Wire and IKE to national security clients. The combination of the two companies brings to the newly formed enterprise a suite of sole source contracts with a combined ceiling value of more than $400 million, technical presence in over 40 countries and integration with the federal R&D community.
IST Research provides open source data collection, content discovery and population engagement platforms for U.S. government customers.
Two Six Labs offers cybersecurity and other technology systems meant to help U.S. government clients address national security challenges.
Logue said Two Six Technologies will use IST Research’s Pulse tech platform and Two Six Labs’ R&D capabilities and experience in transitioning research projects into operationalized systems as foundation for its tech development efforts.
Larry Prior, an operating executive at Carlyle responsible for aerospace, defense and government services sectors and a five-time Wash100 winner, will serve as chairman of the board at Two Six Technologies.
Ryan Paterson, founder and CEO of IST Research, will serve as chief growth officer at Two Six Technologies and Chris Greamo, formerly president and CEO of Two Six Labs, will join the combined enterprise as chief technology officer.
Raymond James & Associates served as the exclusive financial adviser to IST Research and Two Six Labs in their respective transactions. King & Spalding was Two Six Labs’ legal adviser, while Holland & Knight served as legal counsel of IST Research. Latham & Watkins advised Carlyle on the deal’s legal aspect.