McLean technology and intelligence services company IntelliBridge Inc. made its second acquisition deal in the past six months, purchasing Arlington-based U.Group in a deal announced Tuesday.
The terms of the acquisition were not disclosed, but the buy provides Intellibridge — formed from last year’s combination of Trowbridge & Trowbridge and IntelliWare Systems, both portfolio companies of Chevy Chase government technology investment firm Enlightenment Capital — with a company well-versed in core areas like software development and systems engineering, but also emerging technologies like artificial intelligence, machine learning, data analytics and blockchain.
A five-time Inc. 5000 honoree for the D.C. region, U.Group also provides DevSecOps software design — where software engineers, operations personnel, security specialists and others collaboratively and iteratively develop applications — for federal customers like the Department of Defense, NASA and other agencies, that allow them to agilely design and deliver tools for their customer base.
IntelliBridge has been active in the M&A market recently with the February purchase of Fairfax information technology firm Alethix LLC, but company President and CEO Cass Panciocco said in a statement the addition of U.Group will help it deliver in-demand capabilities across a broad portfolio.
“We can now bring to bear new artificial intelligence and data science solutions in an agile, repeatable, and scalable manner to current and prospective customers,” he said.
According to its LinkedIn page, the company adds more than 250 employees to IntelliBridge’s workforce of around 600 full-time employees
Tysons investment bank KippsDeSanto & Co., an investment arm of Capital One Financial Corp. (NYSE: COF), served as financial adviser to U.Group for the acquisition.