Investment Summary

Leidos Invests In HawkEye 360

On January 6, 2022, Leidos invested in information technology company HawkEye 360 from Insight Partners and Sumitomo

Investment Highlights
  • This is Leidos’ 7th transaction in the Information Technology sector.
  • This is Leidos’ 16th transaction in the United States.
  • This is Leidos’ 4th transaction in Virginia.

Investment Summary

Date 2022-01-06
Target HawkEye 360
Sector Information Technology
Investor(s) Leidos
Sellers(s) Insight Partners
Sumitomo
Deal Type Stake Purchase

Target

HawkEye 360

Herndon, Virginia, United States
HawkEye 360 is a provider of geospatial information solutions that will use radio frequency (RF) technology to help monitor global activity across air, land, and sea and assist with emergencies. HawkEye 360 was founded in 2015 and is based in Herndon, Virginia.

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Investor(S) 1

Investor

Leidos

Reston, Virginia, United States

Category Company
Founded 1969
Sector Information Technology
Employees47,000
Revenue 16.7B USD (2024)
DESCRIPTION
Entrance to Leidos' office in Columbia, Maryland.
Entrance to Leidos' office in Columbia, Maryland.

Leidos is a provider of science and technology solutions in the United States. The company delivers solutions and services for data analytics, systems integration, and cybersecurity to the agencies of the U.S. Department of Defense, the intelligence community, and the U.S. Department of Homeland Security, as well as other U.S. Government civil agencies, state and local government agencies, foreign governments, and customers in a range of commercial markets. Leidos was founded in 1969 and is based in Reston, Virginia.


DEAL STATS #
Overall 16 of 18
Sector: Information Technology M&A 7 of 8
Type: Stake Purchase M&A Deals 1 of 1
State: Virginia M&A 4 of 5
Country: United States M&A 16 of 17
Year: 2022 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-23 Gibbs & Cox

Arlington, Virginia, United States

Gibbs & Cox is an independent engineering and design firm specializing in naval architecture, marine engineering, management support, and engineering consulting. Gibbs & Cox was founded in 1929 and is based in Arlington, Virginia.

Buy $380M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-02 Cobham Aviation Services Australia s Special Mission business

Australia

Cobham Aviation Services Australia's Special Mission business provides airborne border surveillance and search and rescue services to the Australian Federal Government. Cobham Aviation Services Australia's Special Mission business is based in Australia.

Buy -

Seller(S) 2

SELLER

Insight Partners

Investor Investor Investor Investor Investor


Category Venture Capital Firm
Founded 1995
PE ASSETS 90.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Insight Partners is a growth capital investment firm focused on early to later stage investments principally in the software sector. Insight Partners was formed in 1995 and is based in New York, New York.


DEAL STATS #
Overall 35 of 48
Sector: Information Technology M&A 6 of 9
Type: Stake Purchase M&A Deals 1 of 2
State: Virginia M&A 1 of 2
Country: United States M&A 32 of 41
Year: 2022 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-29 Armis

San Francisco, California, United States

Armis is a provider of enterprise IoT security services. Armis discovers devices on and off the network, continuously analyzes endpoint behavior to identify risks and attacks, and protects critical information and systems by identifying suspicious or malicious devices and quarantining them. Armis was established in 2015 and is based in San Francisco, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-19 6waves

Hong Kong, China

6waves is an independent publisher of free-to-play social games on Facebook, with over 55 active games played by over 28 million monthly active users (“MAUs”) as of December 2011. The company aims to publish the next generation of social games to cover every genre, language, and platform. 6waves was founded in 2008 and is based in Hong Kong, China.

Sell -
SELLER

Sumitomo

Tokyo, Japan

Category Company
Founded 1919
Sector Distribution
Employees74,920
Revenue 7.29T JPY (2025)
DESCRIPTION

Sumitomo is a global network and based on trust from companies in various industries and from consumers, Sumitomo Corporation engages in multifaceted business activities by making the most of its Integrated Corporate Strength. These business activities include sales of a variety of products and services within Japan, import and export, trilateral trade, and domestic and international business investment. Sumitomo was founded in 1919 and is based in Tokyo, Japan.


DEAL STATS #
Overall 6 of 9
Sector: Information Technology M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 2
State: Virginia M&A 1 of 1
Country: United States M&A 2 of 5
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-03 Earth Science Analytics AS

Stavanger, Norway

Earth Science Analytics AS is a technology company providing artificial intelligence (AI) based software for subsurface big-data analytics in the geoscience domain. Earth Science Analytics was founded in 2016 and is based in Stavanger, Norway.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-09 VeriTread

Lakeland, Florida, United States

VeriTread provides an online transportation marketplace that connects construction equipment owners with transportation service providers. VT enhances its products by providing a suite of innovative decision tools, enabling customers to make smarter, more effective arrangement of heavy-haul transportation. VeriTread was founded in 2013 and is based in Lakeland, Florida.

Sell -