Columbia, Maryland – June 1, 2023 – iNovex, a provider of software development solutions focused on cybersecurity, Signals Intelligence (SIGINT), data analysis, and robotic process automation (RPA) for the Intelligence Community, announced today that it has reached a deal to acquire Secure Innovations, a leading cybersecurity business serving the Intelligence Community and Department of Defense. Secure Innovations is primarily focused on Defensive Cyber Operations (DCO), Systems Security Engineering, Security Automation, Cybersecurity Solutions, Information Security Training, and Vulnerability Assessment and Penetration Testing (VAPT). iNovex is a portfolio company of Enlightenment Capital.
The addition of Secure Innovations will strengthen iNovex’s middle-market standing as a leading advanced technology solutions company for the Intelligence Community and Department of Defense with prime contract awards well over $2 billion and approximately 1,000 employees and teammates overseeing vital national security interests.
“Secure Innovations joining the team is significant. The cybersecurity expertise they bring to iNovex is unmatched and will strengthen our ability to meet the growing demand for innovative cybersecurity solutions our customers expect,” said iNovex CEO Gary Daigle. “The combined capabilities and solutions of both companies position us to extend our reach to new customers and markets.”
“Our customers understand cybersecurity is a significant risk to their mission,” said Doug Jeruzal, CEO of Secure Innovations, who will remain with the company and serve as a key leader across cyber programs at the combined business. “With enhanced resources and greater critical mass, we are excited to join forces as a combined company to bring to bear full lifecycle, state-of-the-art solutions to address our customers’ most important cyber needs.”
“Secure Innovations marks the second acquisition into iNovex,” said Jason Rigoli, Partner at Enlightenment Capital and Chairman of the board at iNovex. “Cyber dominance is the new “arms race,” and the National Security Community is actively seeking novel approaches and innovative solutions from emerging prime contractors. Secure Innovations brings a devoted team, a culture of innovation, and a complementary set of cyber capabilities, all of which will enhance iNovex’s ability to solve some of the nation’s most complex national security challenges.”
Raymond James served as the exclusive financial advisor and Miles & Stockbridge served as the legal advisor to Secure Innovations on the transaction. Moore & Van Allen served as the legal advisor to iNovex on the transaction. Morrison & Foerster provided government contracting legal advisory services as part of this transaction.
About iNovex
Founded in 2005 and headquartered in Columbia, MD, iNovex provides software development focused on cybersecurity, Signals Intelligence (SIGINT), data analysis, and robotic process automation to solve our customers’ toughest mission challenges in the federal government and commercial sectors. For more information, visit www.inovexcorp.com.
About Secure Innovations
Established in 2007 and headquartered in Columbia, MD, Secure Innovations is a mission-focused company supporting global customers in the Intelligence and Defense community. Secure Innovations provides innovative solutions in the areas of Defensive Cyber Operations (DCO), Systems Security Engineering, Security Automation, Cybersecurity Solutions, Information Security Training, and Vulnerability Assessment and Penetration Testing (VAPT). For more information, visit www.secure-innovations.net
About Enlightenment Capital
Enlightenment Capital, a Washington, DC area based private investment firm, provides flexible capital and strategic support to middle-market companies in the Aerospace, Defense, Government & Technology (ADG&T) sector. The firm partners with businesses that provide vital services, protect critical infrastructure, innovate cyber and data solutions, enhance decision making capabilities, engineer aerospace and space systems, safeguard national security, and endeavor to meet the challenges of today and tomorrow. For more information, visit www.enlightenment-cap.com and follow us at www.linkedin.com/company/enlightenment-capital.
