Tysons tech company buys Md.-based cybersecurity firm
Applied Insight acquires Bridges Inc.
Tysons-based tech company Applied Insight announced Wednesday it has acquired Hanover, Maryland-based cybersecurity firm Bridges Inc.
Financial terms of the transaction were not disclosed.
Applied Insight is backed by private equity firm The Acacia Group and provides cloud, data and cyber services to federal government customers. Bridges also provides network security and analytics services using artificial intelligence.
“This is a true game changer because it means we can now deliver end-to-end hybrid and multicloud solutions, from infrastructure to actionable insight,” Applied Insight CEO Dede Dascalu said in a statement. “[Bridges’] cyber and analytics expertise, combined with our cloud infrastructure and emulation products and managed services, will help customers more effectively process and integrate vast amounts of classified and open-source information.”
Baird served as exclusive financial adviser to Bridges on this transaction.