M&A Deal Summary

Criterion Systems Acquires Protas Solutions

On September 21, 2021, Criterion Systems acquired information technology company Protas Solutions

Acquisition Highlights
  • This is Criterion Systems’ 1st transaction in the Information Technology sector.
  • This is Criterion Systems’ 2nd transaction in the United States.
  • This is Criterion Systems’ 2nd transaction in Virginia.

M&A Deal Summary
Date 2021-09-21
Target Protas Solutions
Sector Information Technology
Buyer(s) Criterion Systems
Deal Type Add-on Acquisition

Target

Protas Solutions

Reston, Virginia, United States
website
Protas Solutions is a a government contractor providing data science, software engineering, and management consulting services to the Intelligence Community (IC). Protas Solutions was founded in 2015 and is based in Reston, Virginia.

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Buyer(S) 1

Buyer

Criterion Systems

Vienna, Virginia, United States

website

Category Company
Founded 2005
Sector Information Technology
DESCRIPTION

Criterion Systems is a systems integrator and cyber operations-focused company. Criterion has provided cybersecurity, cloud/data center management, IT infrastructure operations, and systems engineering for our nation’s mission-critical environments across the Federal Government. For these agencies, we provide classified network and information-security operations, cyber defense and Risk Management Framework (RMF) services, and advanced data analytics. Criterion Systems was founded in 2005 and is based in Vienna, Virginia.

DEAL STATS #
Overall 2 of 3
Sector (Information Technology) 1 of 2
Type (Add-on Acquisition) 2 of 3
State (Virginia) 2 of 3
Country (United States) 2 of 3
Year (2021) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-02 Realm

Vienna, Virginia, United States

Realm is a subcontractor for the Intelligence Community providing services in software development, network and systems engineering, and cybersecurity. Realm is based in Vienna, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-28 SAGE Black

Vienna, Virginia, United States

SAGE Black is a government contractor providing a full spectrum of software engineering services to the GEOINT/SIGINT, space, and cyber domains with a growing Artificial Intelligence/Machine Learning (AI/ML) presence. SAGE Black was founded in 2005 and is based in Vienna. Virginia.

Buy -
Mergr

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