Cydecor Acquires InnovaSystems, Leading Developer of Advanced Software Solutions that Streamline Access to Critical Military Decisioning Data
Cydecor Bolsters Technical Capabilities and Expands Customer Reach with Acquisition of InnovaSystems International, LLC. The transaction marks Cydecor’s third acquisition in the past few years.
CRYSTAL CITY, VA – Cydecor, Inc. (“Cydecor”), an award-winning veteran-owned business providing mission-enabling technology solutions to national security and defense agencies, today announced it has acquired InnovaSystems International, LLC (“InnovaSystems”).
Based in San Diego, InnovaSystems develops advanced software solutions that streamline access to critical military decisioning data in support of key defense readiness programs. InnovaSystems has supported core defense readiness programs for over 25 years through a robust portfolio of long-tenured, single-award prime contracts and is deeply entrenched with customers such as the Office of the Secretary of Defense, U.S. Navy, U.S. Air Force, and U.S. Space Force. InnovaSystems has leveraged its technological prowess, subject matter expertise in the readiness domain, and reach into hundreds of disparate data sources to deliver full lifecycle technology solutions.
Cydecor is committed to becoming the premier national security platform providing mission enabling technology solutions to National Security and Defense agencies. The Company has established leading services in several core business areas to include data & analytics, software development, cyber, mission support, business systems, infrastructure & cloud, and advisory & consulting. The combination of Cydecor and InnovaSystems will provide new and existing customers high-end database development, solutions architecture, software engineering, user experience architecture, business intelligence, and advanced analytics across priority areas for the National Security Strategy.
“InnovaSystems deepens our software development expertise and puts Cydecor at the forefront of defense readiness as a leading solutions provider for national security technology,” said Nader Elguindi, President and Chief Executive Officer of Cydecor.
“We are excited to join the Cydecor team. Their people-centric culture, mission focus, domain expertise, and customer relationships will allow us to scale readiness technology solutions to enhance our commitment to military preparedness,” said Chris Wollerman, Chief Executive Officer of InnovaSystems.
Raymond James and Associates, Inc. acted as the investment banking advisor to InnovaSystems in this transaction. Pillsbury Winthrop Shaw Pittman served as legal advisor to Cydecor and Holland & Knight served as legal advisor to InnovaSystems.
Cydecor is an award-winning Veteran-Owned Business delivering differentiated innovations in mission systems and business platforms. Cydecor has successfully modernized government systems, delivered innovative solutions, and transformed the capabilities of its customers. Cydecor closely aligns its deep expertise and advanced technological capabilities to provide transformative solutions that automate, accelerate, and scale mission execution.
InnovaSystems is a leading provider of information technology and software solutions for the Department of Defense as well as federal, state, and local government agencies. Headquartered in San Diego, California, InnovaSystems’ success has continued to provide new opportunities to help the mission year-after-year since the company was founded in 1997. InnovaSystems continues to develop solutions that incorporate leading edge technologies and innovation to optimize government operations.
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