Technology Sectors
Sotera completes acquisition of Potomac Fusion, Inc.
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John Hillen, |
Sotera Defense Solutions (Sotera), a provider of mission-critical technology-based systems, solutions and services for national security customers, announced on Jan 3 that it had the completed its acquisition of Potomac Fusion, Inc. on Dec. 30.
Potomac Fusion develops data fusion, data analytics, cyber and visualization solutions for U.S. Intelligence Community (IC) and Department of Defense (DoD) Tactical ISR mission systems operating in a cloud computing environment.
John Hillen, Sotera’s president and CEO, said, "This business combination is a natural fit -- joining two organizations with the same emphasis on agility, ingenuity and integrity and a strong commitment to the national security mission. The addition of Potomac Fusion's expertise in cloud computing architectures, data fusion and data analytics expands the broad range of support we can provide to help our national security customers achieve their missions at home and abroad."
A Chantilly, VA-based company, Potomac Fusion was founded in 2002, with a focus on developing software frameworks for data fusion and big data analytics for DoD customers. With the accelerated demand for cloud architectures and data analytics, Potomac Fusion has grown steadily and now has over 200 employees delivering leading-edge cloud architecture and software engineering solutions to the U.S. IC and DoD. The company is projecting revenues of $40 million for 2011.
Potomac Fusion will now be known as Potomac Fusion, a Sotera Defense Solutions Company, and will be led by Russell Richardson. Terms of the deal were not disclosed.
