Sotera Acquires Software Process Technologies, Inc.

  • Aug 10, 2011
Sotera Defense Solutions (Sotera), a provider of mission-critical, technology-based systems, solutions and services for national security agencies and programs of the U.S. government, recently announced that it entered into a definitive agreement to acquire Software Process Technologies, Inc. (SPT) on August 8, 2011. SPT delivers a range of mission-focused, specialized software engineering capabilities to support the cyber intelligence missions of its customers.

John Hillen, Sotera's President & CEO, stated, "SPT, with a strong software engineering pedigree and expertise in content exploitation and defense analytics, combined with its strong culture of innovation, is a natural fit for Sotera and the company's addition is a key element in fulfilling our vision to become a leading mid-size, mission-focused partner for our national security customers. Adding SPT to our team doubles our presence in the Ft. Meade, Md. area and further expands our capabilities in the growing areas of cyber intelligence and cyber operations.  We look forward to leveraging these new capabilities to provide even greater mission support to our customers."

Based in Columbia, Md., the company has grown rapidly and employs approximately 140 professionals in the Ft. Meade, Md. area. The company expects to generate approximately $35 million in 2011 revenue and its outstanding financial performance is driven by its unique solutions focus, leading edge technical expertise and direct exposure to programs addressing the pressing mission requirements of the cyber community.

Christine Dockstader, SPT President & CEO commented, "We are pleased to join forces with Sotera - a mission-oriented and customer focused prime-contractor recognized within the industry for its responsiveness and ingenuity. Our leadership team is excited about the expanded opportunities for all of our employees through the combination with Sotera. Sotera's established expertise in cyber security, counterterrorism and C4ISR are a strong complement to our competencies and will allow us to offer even greater support to existing and future customers."

Terms of the deal were not disclosed and Sotera expects the transaction to close in September 2011. Houlihan Lokey served as the advisor to SPT on the transaction.

SOURCE Sotera Defense Solutions

Featured

  • The Next Generation

    Video security technology has reached an inflection point. With advancements in cloud infrastructure and internet bandwidth, hybrid cloud solutions can now deliver new capabilities and business opportunities for security professionals and their customers. Read Now

  • Help Your Customer Protect Themselves

    In the world of IT, insider threats are on a steep upward trajectory. The cost of these threats - including negligent and malicious employees that may steal authorized users’ credentials, rose from $8.3 million in 2018 to $16.2 million in 2023. Insider threats towards physical infrastructures often bleed into the realm of cybersecurity; for instance, consider an unauthorized user breaching a physical data center and plugging in a laptop to download and steal sensitive digital information. Read Now

  • Enhanced Situation Awareness

    Did someone break into the building? Maybe it is just an employee pulling an all-nighter. Or is it an actual perpetrator? Audio analytics, available in many AI-enabled cameras, can add context to what operators see on the screen, helping them validate assumptions. If a glass-break detection alert is received moments before seeing a person on camera, the added situational awareness makes the event more actionable. Read Now

  • Transformative Advances

    Over the past decade, machine learning has enabled transformative advances in physical security technology. We have seen some amazing progress in using machine learning algorithms to train computers to assess and improve computational processes. Although such tools are helpful for security and operations, machines are still far from being capable of thinking or acting like humans. They do, however, offer unique opportunities for teams to enhance security and productivity. Read Now

Most   Popular

Featured Cybersecurity

New Products

  • Unified VMS

    AxxonSoft introduces version 2.0 of the Axxon One VMS. The new release features integrations with various physical security systems, making Axxon One a unified VMS. Other enhancements include new AI video analytics and intelligent search functions, hardened cybersecurity, usability and performance improvements, and expanded cloud capabilities 3

  • Camden CV-7600 High Security Card Readers

    Camden CV-7600 High Security Card Readers

    Camden Door Controls has relaunched its CV-7600 card readers in response to growing market demand for a more secure alternative to standard proximity credentials that can be easily cloned. CV-7600 readers support MIFARE DESFire EV1 & EV2 encryption technology credentials, making them virtually clone-proof and highly secure. 3

  • Camden CM-221 Series Switches

    Camden CM-221 Series Switches

    Camden Door Controls is pleased to announce that, in response to soaring customer demand, it has expanded its range of ValueWave™ no-touch switches to include a narrow (slimline) version with manual override. This override button is designed to provide additional assurance that the request to exit switch will open a door, even if the no-touch sensor fails to operate. This new slimline switch also features a heavy gauge stainless steel faceplate, a red/green illuminated light ring, and is IP65 rated, making it ideal for indoor or outdoor use as part of an automatic door or access control system. ValueWave™ no-touch switches are designed for easy installation and trouble-free service in high traffic applications. In addition to this narrow version, the CM-221 & CM-222 Series switches are available in a range of other models with single and double gang heavy-gauge stainless steel faceplates and include illuminated light rings. 3