The Shawmark Group, a private equity firm focused on service providers to the U.S. intelligence community, has acquire Aspiration Software Inc., a Front Royal, Va.-based provider of IT services to the U.S. government. No financial terms were disclosed. The company will now be run by Jon Stout, a partner with Shawmark.
The Shawmark Group, a private equity investment company that specializes in investment in service providers to the Intelligence Community, today announced the purchase of the assets of Aspiration Software, Inc.
The assets have been acquired by a new entity, Aspiration Software LLC and will be managed by Jon M. Stout as CEO. Mr. Stout is also a partner in The Shawmark Group.
“The Aspiration Software LLC investment is a natural enhancement to our Intelligence Community business,” said Shawna L. Stout, Vice President, Finance. “The acquisition is part of our overall strategy to create a company that provides the highest quality IT services to the Intelligence Community. We were particularly interested in the quality of Aspiration Software’s employee base and technical skill sets,” Stout continued.
“We are very enthusiastic about the Shawmark Group investment as well as the expansion of management capabilities that are offered by Shawmark. This investment allow us to continue to better support our current customers and to expand our capabilities and skill sets into new areas of the Intelligence Community,” said Mr. Charles Asper, President, Aspiration Software LLC.
The Shawmark plans for Aspiration Software LLC are to expand the business organically and make selected acquisitions of companies and assets that meet the Shawmark Group acquisition criteria.
About Aspiration Software LLC.
Aspiration Software LLC is an information technology (IT) company providing a wide range of services to U.S. governmental agencies. As a certified small business in Virginia, Aspiration Software LLC specializes in systems engineering and integration, database services, large-scale system design and testing, operations and maintenance support, network engineering, system administration, system security, software and multimedia development and web technologies.
Since 1999, Aspiration Software LLC has supported major IT efforts within the Intelligence Community with exceptional performance. Aspiration Software LLC is committed to providing secure, reliable, scalable and cost-effective IT solutions for its customers. Over 90% of the company’s employees are currently at the TS/SCI level and many possess a full-scope polygraph.
Visit the Aspiration Software LLC website at www.aspirationsoftware.com
About The Shawmark Group
The Shawmark Group is a private equity investment firm located in Middleburg Virginia.
Founded in 2002, The Shawmark Group seeks to acquire established service companies in the Federal government marketplace. The Shawmark Group is looking to purchase controlling interests in companies that are growing and have established relationships in the Defense or National Security segments of the Federal market.