Announced
Completed
Financials
Sources
Tags
Completed
Acquisition
geospatial intelligence
threat mitigation
Single Bidder
United States
big data analytics
Private
Friendly
IT Services: Other
system engineering solutions
Majority
information technology services
advanced web security solutions
Private Equity
Synopsis
Parsons completed the acquisition of OGSystems, an innovative solutions provider with advanced technologies in geospatial intelligence, big data analytics, and threat mitigation. OGSystems’ core defense and intelligence customers include the National Geospatial-Intelligence Agency, the National Reconnaissance Office, and Special Operations Command. Financial terms were not disclosed. Parsons’ acquisition of OGSystems is the latest in a series of strategic investments and is the corporation’s third acquisition in the past 14 months. “Parsons’ strategy is focused on disruptive, differentiated technologies demanded in high-growth, mission-oriented programs in the defense, intelligence, and critical infrastructure sectors. The actionable intelligence that geospatial imagery and data analytics brings to Parsons’ portfolio through OGSystems is a game changer. Whether informing our national security customers’ mission planning or designing tomorrow’s resilient smart city, Parsons now brings deeper intelligence expertise to the challenge,” Chuck Harrington, Parsons’ Chairman and CEO. Parsons’ customers include numerous Department of Defense organizations, the Department of Energy, the Maryland Procurement Office and other intelligence agencies, and critical infrastructure owners and operators throughout the world.
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