M&A Deal Summary

Forward Slope Acquires SoarTech

On August 24, 2023, Forward Slope acquired information technology company SoarTech

Acquisition Highlights
  • This is Forward Slope’s 1st transaction in the Information Technology sector.
  • This is Forward Slope’s 2nd transaction in the United States.
  • This is Forward Slope’s 1st transaction in Michigan.

M&A Deal Summary
Date 2023-08-24
Target SoarTech
Sector Information Technology
Buyer(s) Forward Slope
Deal Type Add-on Acquisition
Advisor(s) KippsDeSanto (Financial)
Pillsbury Winthrop Shaw Pittman (Legal)

Target

SoarTech

Ann Arbor, Michigan, United States
SoarTech is a provider of advanced artificial intelligence solutions to address complex Department of Defense mission requirements. The company's AI solutions act as a force multiplier to enable quicker, better decisions and simplify human-machine interaction. By leveraging machine learning technologies built on computational cognitive designs, it creates autonomous agents to analyze large amounts of data and assist in human decision-making. SoarTech is based in Ann Arbor,Michigan.

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Buyer(S) 1

Buyer

Forward Slope

San Diego, California, United States
Category Company
Sector Information Technology
DESCRIPTION

Forward Slope is a technology services company providing software and surveillance solutions to the defense industry. Forward Slope is based in San Diego, California.

DEAL STATS #
Overall 2 of 2
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Michigan) 1 of 1
Country (United States) 2 of 2
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-22 Hypergiant Industries

Austin, Texas, United States

Hypergiant Industries is an AI company focused on developing world-changing technologies to solve the world's biggest problems in the areas of space, defense, and critical infrastructure. Hypergiant Industries was founded in 2018 and is based in Austin, Texas.

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