M&A Deal Summary

Cubic Acquires Pixia

On November 25, 2019, Cubic acquired software company Pixia from Enlightenment Capital

Acquisition Highlights
  • This is Cubic’s 3rd transaction in the Software sector.
  • This is Cubic’s 15th transaction in the United States.
  • This is Cubic’s 3rd transaction in Virginia.

M&A Deal Summary

Date 2019-11-25
Target Pixia
Sector Software
Buyer(s) Cubic
Sellers(s) Enlightenment Capital
Deal Type Add-on Acquisition

Target

Pixia

Herndon, Virginia, United States
Pixia Corp. is a developer of high-performance, big-data access software solutions. Pixia was founded in 1999 and is based in Herndon, Virginia.

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Buyer(S) 1

Buyer

Cubic

San Diego, California, United States

Category Company
Founded 1949
Sector Defense
Employees6,200
Revenue 1.5B USD (2020)
DESCRIPTION
Cubic's corporate headquarters in San Diego, California.
Cubic's corporate headquarters in San Diego, California.

Cubic is a provider of transportation technology solutions that support the operational needs of the most complex transit systems globally. The Company also provides highly engineered training solutions as well as specialized hardware and software offerings that improve operational readiness and support mission communication and intelligence gathering and analysis. Cubic was formed in 1949 and is based in San Diego, California.


DEAL STATS #
Overall 17 of 17
Sector: Software M&A 3 of 3
Type: Add-on Acquisition M&A Deals 15 of 15
State: Virginia M&A 3 of 3
Country: United States M&A 15 of 15
Year: 2019 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-14 Nuvotronics

Durham, North Carolina, United States

Nuvotronics, Inc. revolutionary PolyStrata Architecture provides an unprecedented platform for mmWave performance, integration, and miniaturization. With 10x - 100x improvement in size, weight, and power (SWaP) Nuvotronics is poised to lead the wave to 5G and beyond.

Buy $72M

Seller(S) 1

SELLER

Enlightenment Capital

Chevy Chase, Maryland, United States

Category Private Equity Firm
Founded 2012
Size Middle-Market
Type Sector Focused
DESCRIPTION

Enlightenment Capital is a private investment firm that provides flexible capital solutions and strategic support to middle-market businesses in the Aerospace, Defense, Government & Technology (ADG&T) sector. The firm invests in equity (minority and control), senior debt, and mezzanine debt. Enlightenment Capital was founded in 2012 and is headquartered in Chevy Chase, Maryland.


DEAL STATS #
Overall 9 of 21
Sector: Software M&A 2 of 3
Type: Add-on Acquisition M&A Deals 5 of 15
State: Virginia M&A 3 of 11
Country: United States M&A 9 of 21
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-16 Expression Networks

Washington, District of Columbia, United States

Expression Networks is a provider of tailored and integrated information technology, software engineering, data analytics, and electromagnetic spectrum management solutions to the national security community. Expression Networks was founded in 1997 and is based in Washington, District of Columbia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-19 Telos

Ashburn, Virginia, United States

Telos empowers and protects security-conscious organizations with solutions and services for continuous security assurance of individuals, systems, and information. Telos’ offerings include cybersecurity solutions and services for IT risk management and information security; secure mobility to protect globally connected organizations; and identity management to establish trust in personnel and continuously monitor for insider threats. Telos was founded in 1968 and is based in Ashburn, Virginia.

Sell -