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Announced

Completed

Alvarez & Marsal Capital-backed VTG completed the acquisition of iota IT, BYTE Systems and Tunuva Technologies.

Synopsis

Alvarez & Marsal Capital-backed VTG, a national security solutions provider, completed the acquisition of iota IT, a software development firm, BYTE Systems, an information technology services company, and Tunuva Technologies, an IT and software solutions provider. Financial terms were not disclosed. "The simultaneous acquisition of Byte Systems, iota IT, and Tunuva Technologies represents a significant milestone for our company. We believe that their combined expertise in advanced technology solutions will greatly enhance our ability to provide top-tier services and products to our clients in the national security sector. Together, we will drive innovation and deliver enhanced capabilities that meet our customers’ dynamic requirements," John Hassoun, VTG CEO.

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