Tysons, Virginia-based government technology contractor Applied Insight has acquired Bridges for an undisclosed sum in a move to add cybersecurity, data analytics and cross-domain platforms as a complement to the former’s cloud offerings.
Applied Insight said Wednesday it made the acquisition to also grow its intellectual property portfolio and presence within the intelligence community.
Established in 2000, Bridges aims to help customer agencies protect sensitive data and gain insights from data. The Hanover, Maryland-based company employs more than 100 professionals who possess network security, analytics and application development skills.
Dede Dascalu, CEO of Applied Insight, said integrating the companies’ products and services would help IC customers manage huge amounts of open source and classified data.
Dascalu said the move is a “game changer” and means the combined organization could introduce “end-to-end” cloud platforms to the market.
Both companies work with other enterprise technology vendors and develop analytics tools such as BEAM, an analytics framework designed by Bridges to support technical and process modernization efforts.
Global investment bank Baird served as Bridges’ exclusive financial adviser on the transaction.
“Applied Insight’s acquisitions of Bridges is a great example of two fast growing and IP-rich companies combining forces to further enhance customer missions across the defense and intelligence communities through innovative cyber products, advanced analytics and end-to-end security for hybrid-cloud infrastructures,” Alex Sevilla, a managing director in Baird’s global technology and services group, told GovCon Wire.