PlanetRisk, a portfolio company of Frontier Capital, has acquired McLean, Virginia-based Analytic Strategies, a provider of enterprise analytic services for the federal government. No financial terms were disclosed.
WASHINGTON, Aug. 9, 2016 — PlanetRisk, a pioneer in data visualization and analysis, announced today that it has acquired Tysons Corner-based Analytic Strategies, a leader in providing enterprise analytics services to the federal government. With this acquisition and the addition of Analytic Strategies’ expertise in enterprise analytics, data system management, operations research, supply chain management and intelligence analysis, PlanetRisk significantly expands its suite of analytic capabilities.
“At the core of this acquisition are highly valuable data analytics capabilities that will allow PlanetRisk to further expand its robust services in big data engineering, advanced analytics, geospatial business intelligence, social network analysis and enterprise risk modeling,” said Paul McQuillan, president and CEO of PlanetRisk. “The addition of Analytic Strategies will bring the strength of new customer relationships across defense and intelligence sectors, existing prime and indefinite delivery indefinite quantity contracts, and perhaps most important, a team with extensive experience in enterprise data services that perfectly complements PlanetRisk’s unique big data, analytics and software capabilities.”
Analytic Strategies, listed on Washington Technology’s Fast 50 list in 2014, is an operations research and systems analysis consulting company supporting federal government customers. Founded in 2006, the company enables clients to achieve their organizational objectives by transforming data and information into actionable knowledge. Analytic Strategies supports the office of the Secretary of Defense, the Defense Logistics Agency, the Defense Health Agency, the National Geospatial-Intelligence Agency and branches of the U.S. Armed Forces, among other customers. With a focus on performance, Analytic Strategies is both ISO 9001:2008 certified and CMMI Services Level 3 appraised.
Randy Wimmer, who founded Analytic Strategies and served as its CEO, will become a director on PlanetRisk’s board and a strategic adviser to McQuillan. He will collaborate with company leaders to continue expanding PlanetRisk’s capabilities and solutions to meet the demands of its customers in the global private and U.S. government sectors. Denis Clements, president and chief operating officer of Analytic Strategies, will become COO of PlanetRisk.
“We are extremely excited to become part of PlanetRisk and join in our companies’ shared vision of bringing more insightful, actionable intelligence to customers in defense, intelligence and commercial markets,” said Clements. “By joining forces, we hope that PlanetRisk will be able to create enhanced analytics solutions for each of our customers.”
“Together with Analytic Strategies, PlanetRisk is positioned to deliver on the promise of building a large, flexible data analytics organization with first-of-its-kind Analytics Platform-as-a-Service (APaaS) software to better serve our customers and their operational needs,” said Mark Dumas, founder and chief strategy officer of PlanetRisk. “We searched for additional subject matter expertise, and a high-growth platform for technology-led services — and we found it in Analytic Strategies.”
During acquisition negotiations, PlanetRisk was represented by Venable, while Analytic Strategies was represented by Odin Feldman & Pittleman P.C. Financing for the acquisition was provided by Frontier Capital, represented by Womble Carlyle Sandridge & Rice LLP, and by Petra Capital Partners, represented by Sherrard Roe Voigt Harbison.
PlanetRisk is a global big data analytics company providing advanced technology solutions that merge big data, visionary analytics and subject matter expertise. The company’s capabilities are in data sourcing, integration and engineering; advanced analytics; geospatial and social network analysis; and enterprise risk modeling. The company develops models that enable analysts to recognize hidden patterns, detect anomalies and even forecast future conditions, whether at local, national or global levels. PlanetRisk supports the departments of Defense, Homeland Security and Justice; the Intelligence Community; state and local agencies; and the private sector. PlanetRisk is headquartered in the Tysons Corner area of McLean, Virginia. For more information, please visit www.planetrisk.com.
About Frontier Capital
Frontier Capital is a Charlotte, North Carolina-based growth equity firm focused exclusively on software and technology-enabled business services companies. Founded in 1999, Frontier partners with management teams that can benefit from capital to accelerate growth, fund acquisitions or generate shareholder liquidity. The firm makes minority and majority equity investments in high-growth companies and has built an excellent track record of delivering returns to both investors and management partners. For more information, please visit frontiercapital.com.
About Petra Capital Partners
Petra Capital Partners is a Nashville, Tennessee-based private equity firm engaged in providing growth capital for technology, business service and health care companies throughout the United States. Petra specializes in partnering with outstanding management teams to provide creatively structured capital solutions in a collaborative manner. Petra’s record spans 20+ years of investing more than $650 million in over 100 companies. Licensed as a Small Business Investment Company (SBIC) by the U.S. Small Business Administration, Petra was named SBIC of the Year in 2012, after helping create more than 8,000 jobs through our investments. For more information, please visit www.petracapital.com.