Author: Elodie Collins|| Date Published: September 23, 2024
Cydecorhas acquiredArtel, a provider of telecommunications and technology support services based in Herndon, Virginia.
“The acquisition of Artel broadens and deepens our offerings while enhancing our ability to serve as an end-to-end solution provider for national security technology,” Nader Elguindi, president and CEO of Cydecor, said in a published statement.
Artel, which Cydecor bought from global alternative asset management firm TPG (Nasdaq: TPG), has an over 30-year track record of delivering communication systems to government clients. In 2023, the company secured a Commercial Satellite Communications Proliferated Low Earth Orbit contract from the U.S. Space Force. It partnered with the Rivada Space Network to provide connectivity powered by the 600-satellite OuterNET constellation for government communications.
Meanwhile, Arlington, Virginia-headquartered Cydecor has a goal of becoming a national security leader. In 2022, the veteran-owned business acquired InnovaSystems International to expand its technical capabilities and presence in the defense and national security market.
The General Services Administration has unveiled the first phase of awards under the Alliant 3 governmentwide acquisition contract, a multiple-award vehicle…
The Department of State has awarded spots on a multiple-award indefinite-delivery/indefinite-quantity contract with a combined potential value of $10 billion…
Brian Hobbs has been appointed CEO of Clarity Innovations, effective March 2, the company announced Tuesday. He succeeds founder and long-serving CEO Wes…