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Criterion Systems, Inc. Acquires Sage Black

Sep 28, 2021•about 4 years ago

Acquiring Company

Criterion Systems

Acquired Company

SAGE Black

Privacy And SecurityGovernment And MilitaryManufacturingInformation Technology

Description

Criterion Systems, Inc. (Criterion) announced today it has acquired SAGE Black Consulting and Contracting, LLC (SAGE Black), a government contractor providing a full spectrum of software engineering services to the GEOINT/SIGINT, space, and cyber domains with a growing Artificial Intelligence/Machine Learning (AI/ML) presence. SAGE Black operates as a wholly-owned subsidiary of Criterion, and Criterion Chief Financial Officer Steve Mast serves as president of the subsidiary. Rock Hall Partners represented SAGE Black for the transaction, the terms of which were not released.

Company Information

Company

Criterion Systems

About

Criterion Systems, Inc. (Criterion) is a cybersecurity and IT services company. Since 2005, Criterion has provided cybersecurity, IT infrastructure operations, cloud/data center management, and systems engineering for our nation’s mission-critical environments across the Federal Government. Criterion is a trusted partner and proven prime contractor managing and executing enterprise-level IT service delivery across multiple departments/agencies. Our work leverages the expertise within our Cybersecurity and Cloud Centers of Excellence to identify best practices in the face of rapidly changing technology, emerging cybersecurity threats, and evolving industry/government standards, rules, and regulations while creating better, more efficient processes and methods for meeting complex challenges. Criterion has achieved Capability Maturity Model Integration (CMMI)-DEV and CMMI-SVC Level 3 ratings and has been certified against ISO 9001:2015 Quality Management Systems, ISO/IEC 27001:2013 Information Security Management Systems, and ISO/IEC 20000-1:2018 Information Technology – Service Management Systems by G-CERTI Co., Ltd. Criterion is headquartered in Vienna, VA, with sites across the United States. More information can be found at criterion-sys.com.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed