Private equity firm Arlington Capital Partners has finalized its acquisition of Exostar, a provider of cloud-based secure business collaboration software, from software investment firm Thoma Bravo to help Exostar drive its growth strategy, advance innovation and expand its offerings in highly regulated industries.
Exostar supports nearly 200,000 aerospace and defense, life sciences and health care organizations in their digital transformation efforts through its portfolio of products designed to help them facilitate sharing of sensitive data, mitigate risks and perform business transactions, the companies said in a joint release published Monday.
Richard Addi, president and CEO of Exostar, said the company will continue to expand its secure business collaboration as it begins a new chapter under Arlington’s ownership.
“Arlington’s directly relevant focus, experience, network, and support will strengthen our team and advance our mission to make The Exostar Platform the solution of choice for our target markets and our rapidly growing customer communities,” Addi added.
The transaction was first announced in late September.