Announced
Financials
Tags
Private Equity
United States
Acquisition
cybersecurity software
Private
software development
Software
Synopsis
Sagewind Capital-backed By Light Professional IT Services, a leading provider of IT, cloud, cyber and infrastructure solutions, acquired Phacil, a diversified software, cybersecurity, systems engineering and managed services provider to the US Government. Financial terms of the transaction were not disclosed. Bob Donahue Jr., CEO and Founder of By Light, said: "We are thrilled to acquire Phacil, which has a proven track record of excellent service and growth. Its diversified IT capabilities across a wide customer base make it an excellent fit with our company, and will allow us to expand our offering to better serve our customers."
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