High Street Capital Buys Majority Stake in NeoSystems

Private equity firm High Street Capital has acquired a controlling interest in Tysons Corner Virginia-based business process outsourcing company NeoSystems for an undisclosed sum.

NeoSystems said Wednesday it will use the investment from High Street Capital to increase the number of new products, employees and channel offerings.

Michael Tinsley and Rob Wilson, co-founders of NeoSystems, will continue to lead the company as CEO and chief technology officer, respectively.

In a separate announcement, Chicago-based High Street Capital said the deal represents its fifth platform investment for Fund V.

The transaction comes nearly eight months after NeoSystems received Registered Provider Organization status in the Cybersecurity Maturity Model Certification program.

Sponsor

×

Stay ahead in GovCon

Join thousands of government contractors who rely on GovCon Wire for the latest updates in federal spending, bid opportunities, and compliance changes.

Whether you’re new to the space or scaling up, our brief keeps you informed and ready to act.

Email Address *

First Name *

Last Name

Position

Company

Related Articles

Mike Manzo to Replace Jennifer Felix as ASRC Federal President, CEO

ASRC Federal has promoted its Defense and Intelligence President Mike Manzo to president and CEO Manzo replaces Jennifer Felix, who…

QTS Data Centers Promotes Stephen Douglas to CFO

QTS Data Centers has promoted Stephen Douglas, currently deputy chief financial officer, to CFO, effective Sept. 1. In a LinkedIn…

BTS Expands Advanced Engineering Portfolio With Augury Acquisition

BTS Software Solutions aims to expand its engineering and hardware capabilities with the Augury acquisition  Augury brings expertise in FPGA…

Chugach Government Solutions Subsidiary Secures NASA Ames Facilities Contract

Chugach Intelligence Solutions has secured a potential five-year, $158 million NASA contract for Ames Research Center support Under the AFSS…

Space Force Raises NSSL Phase 3 Lane 1 Contract Ceiling to $17B

Seven companies have received NSSL Phase 3 Lane 1 contract modifications The modifications raise the contract’s ceiling from $5.6 billion…

Sophie Ondrus Joins GDIT to Lead National Intelligence Sector

Ondrus takes charge of mission-critical IT for national intelligence customers She spent more than a decade at Leidos, most recently…

DCSA Plans Consolidation of Three Contracts Under Future BOSS Competition

DCSA has approved a strategy to combine three support efforts into a single BOSS contract opportunity The unified contract is…

The White House’s Gold Eagle Initiative: Strengthening Public- Private Partnerships to Safeguard Critical Infrastructure in the AI Era

Chuck Brooks is the president of Brooks Consulting International and one of Executive Mosaic’s GovCon Experts. As a longtime advocate for cybersecurity…

ASRC Federal Subsidiary Lands $1.5B Air Force Contract to Provide Logistics Support

ASRC Federal’s Facilities & Logistics subsidiary has secured an Air Force Industrial Product-Support Vendor contract The Defense Logistics Agency awarded…

Pentagon to Invest $10B in Defense Industry

DOW will invest about $10 billion in materiel production More than 30 announcements span three investment categories Attend the Potomac…

Neros Awarded $500M Army IDIQ for Archer Attritable Drones

The IDIQ covers Archer FPV drones plus support equipment, testing and training Neros builds its drones without Chinese parts and…

Tyto Athene Names Art Boghozian Business Development VP for DOW

Tyto Athene has tapped Art Boghozian to lead DOW-related business development efforts Boghozian will drive growth across the armed forces…

You’ve already read all related articles.

Executive Interviews