David Langstaff, former CEO of Veridian, has joined General Atlantic as a special advisor, with a focus on the government services sector.
General Atlantic LLC (GA), a leading global growth equity firm, today announced that David H. Langstaff, the former CEO of Veridian, has become a Special Advisor to the firm. In this role, Mr. Langstaff will support GA’s active value-added approach to partnering with growth companies by providing strategic counsel to GA and its portfolio companies in the Business Services and Technology sector with a particular focus on government services.
GA is an active investor in business services and technology companies on a global basis, with current and prior investments that include Trow, IHS and SRA International, among others. With a target investment size of $50 million to $500 million, GA identifies, invests in and supports growth companies globally over a long-term investment horizon.
Philip Trahanas, a Managing Director with General Atlantic, commented, “David’s extensive background as a Chief Executive Officer and Director of government services companies will offer us invaluable insights as we continue to extend our activities in the business services sector. More broadly, David’s deep commitment to excellence in corporate governance resonates with General Atlantic’s long-term investment philosophy.”
Mr. Langstaff said, “General Atlantic is a premier global firm that consistently delivers on its value-added promise to its portfolio companies. I hope to extend GA’s industry knowledge and specialized network within the government services sector as they continue to support their portfolio companies and look for additional investment opportunities.”
From 1995 until its sale to General Dynamics in August 2003, Mr. Langstaff was President, CEO and Director of Veridian Corporation, which specialized in mission-critical national security programs primarily for the intelligence community, military and other U.S. Government agencies involved in law enforcement and homeland security. Under Mr. Langstaff’s leadership, the company’s annual sales increased ten-fold, from $100 million to $1.2 billion, and Veridian developed a reputation as one of the preeminent companies in its field with a strong values-based culture. In June 2002, Mr. Langstaff took Veridian public (NYSE: VNX) in what was recognized by The Financial Times as one of the ten best global IPOs of 2002.
From 1984 to 1995, Mr. Langstaff served as Executive Vice President and Chief Operating/Financial Officer of Space Industries International, Inc., which in 1993 merged with Calspan SRL Corporation. Following a management-led buyout in 1995, he assumed the role of President and CEO and subsequently renamed the company Veridian.
Mr. Langstaff serves on the Board of Directors of SRA International (NYSE: SRX), where he Chairs the Compensation and Personnel Committee, and is a Trustee of The Committee for Economic Development. He also serves as a moderator of executive leadership seminars with The Aspen Institute, and chairs the Advisory Board of the Business and Society Program of The Aspen Institute, a policy program focusing on business education, ethics and values, and the challenge of confronting the behaviors and practices that contribute to excessive corporate and investor emphasis on short term performance.
Mr. Langstaff is active in the community, particularly in the fields of the performing arts and education. He is Vice Chairman of The Potomac School in McLean, VA, and is a Trustee of the Pestalozzi US Children’s Charity. He received a Bachelor of Arts degree, cum laude, from Harvard College in 1977, and earned a Master of Business Administration degree from the Harvard Graduate School of Business Administration in 1981.
About General Atlantic
GENERAL ATLANTIC is a leading global growth equity firm providing capital and strategic support for growth companies. GA combines a collaborative global approach, sector specific expertise, long-term investment horizon and a deep understanding of growth drivers to partner with great management and build exceptional businesses worldwide. Established in 1980, GA manages approximately $13 billion in capital and has more than 75 investment professionals based in Greenwich, New York, Palo Alto, London, Düsseldorf, Hong Kong, Beijing, Mumbai and São Paulo. For further information and a listing of GA’s public and private portfolio companies, see www.generalatlantic.com.