Veteran-owned company makes push for readiness growth
Summary
Cydecor, a technology and professional services provider for defense agencies, has acquired a software developer that focuses its offerings on the management of data for the militarys core readiness programs. Through the purchase of InnovaSystems, Cydecor is looking to build up a larger portfolio of solutions in technology areas that include database development and business intelligence. “InnovaSystems deepens our software development expertise and puts Cydecor at the forefront of defense readiness as a leading solutions provider for national security technology,” Cydecor CEO Nader Elguindi said in a release. That company describes the combined entitys technology offerings as also including solution architecture, user experience and analytics. Raymond James and Associates acted as the investment banking adviser to InnovaSystems, while and Holland & Knight worked as legal counsel on the sell side.