Market Overview

Integrity Applications Incorporated, a Portfolio Company of Arlington Capital, Announces the Acquisition of DGS


Integrity Applications Incorporated ("IAI"), a portfolio company of
Arlington Capital Partners ("Arlington Capital"), today announced the
acquisition of Dependable Global Solutions ("DGS"), a leading provider
of cybersecurity and counterintelligence solutions to intelligence and
defense customers in the federal government. DGS was founded in 2004 by
Dai Do; the management team includes Joel Griffin, Chief Strategy
Officer, and Travis Hyde, Chief Operating Officer. As part of the
transaction Joel and Travis will join the leadership team at IAI as Vice

"We are tremendously excited to welcome DGS to the IAI family," said
Dave Dzaran, President and CEO of IAI. "After our partnership with
Arlington Capital earlier this year, DGS is the first of many
investments, both organic and inorganic, aimed at not only bringing our
collective capabilities to a broader set of defense and intelligence
customers, but also facilitating our employees' career growth by
exposing them to adjacent mission areas to which their expertise from
elsewhere in the Intelligence Community can be applied. With the
acquisition of DGS, we will have over 1,100 employees with technical
expertise in space, missile defense, cybersecurity and intelligence."

Dai Do, CEO and founder of DGS, said "Both DGS and IAI have had immense
success because of their common philosophy of putting customers first.
As our growth trajectory and momentum accelerated this year, identifying
the right partner to invest behind our expanding capabilities was the
right strategic decision for our company. I don't think we could have
found a better home for our company and our employees than with IAI, and
I'm very excited about the tremendous opportunities we have in front of

David Wodlinger, a Partner at Arlington Capital, said "Dai, Joel and
Travis's dedication to both the success of their customers' mission as
well as employee care made it clear that DGS would fit in well with
IAI's culture, and DGS's capabilities in the domains of cybersecurity,
insider threat, and counterintelligence are highly differentiated, and
we expect to see strong growth in the demand for these services and
solutions across IAI's broader national security focused customer base."

Ben Ramundo of Arlington Capital said, "DGS is well positioned to
identify and resolve our nation's most critical vulnerabilities, ranging
from the attempts to compromise our critical infrastructure to the theft
of intellectual property from top government research facilities. The
importance of these missions, and the unique capabilities DGS utilizes
to address them, reinforces IAI's strategy of solving the most
complicated problems facing our national security community."

About Arlington Capital Partners

Arlington Capital Partners is a Washington, D.C.-area private equity
firm that has managed $2.2 billion of committed capital via four
investment funds. Arlington is focused on middle market investment
opportunities in growth industries, including: government services and
technology, aerospace/defense, healthcare, and business services and
software. The firm's professionals and network have a unique combination
of operating and private equity experience that enable Arlington to be a
value-added investor. Arlington invests in companies in partnership with
high quality management teams that are motivated to establish and/or
advance their company's position as leading competitors in their field.

About Integrity Applications Incorporated

Integrity Applications Incorporated ("IAI") is a technology-driven,
science, engineering, intelligence, and software solutions company with
a nationwide presence primarily supporting the national security
community. IAI has specific technical and domain expertise in
intelligence, surveillance and reconnaissance systems including radar,
electro-optical /infrared and MASINT payloads, ground systems,
imagery-based geo-positioning and targeting, photogrammetric analysis,
Service Oriented Architectures, unmanned systems, cybersecurity, and
missile defense. IAI's headquarters is in Chantilly, Virginia, with
additional offices in California, Hawaii, Ohio, Michigan, Pennsylvania,
Massachusetts, Maryland, and New Mexico.

View Comments and Join the Discussion!