Michael Mercurio and Daniel Casto
Maryland-based cybersecurity firm VOR Technology, represented by Offit Kurmanbusiness law and transactions attorneys Michael N. Mercurio and Daniel Casto, has acquired Sintel Group. Both VOR Technology and Sintel provide defense intelligence and technology solutions to national security and private enterprise clients, and both are Service Disabled Veteran-Owned Small Businesses (SDVOSBs).
Founded in 2012, VOR Technology has rapidly expanded as a cyber intelligence innovator, earning inclusion on the Inc. 5000 list of the Fastest Growing Companies in America for 2016. In an announcement made last week, the company’s president and CEO Anthony Lawrence remarked: "Sintel's strong customer relationships and contract vehicles fit exceptionally well within the VOR Technology structure. This transaction truly brings together two best-in-breed companies and greatly enhances the combined value that VOR Technology will provide to our customers."
The acquisition followed VOR Technology’s successful bid on a particular government contract, as was structured from the beginning to constitute a mutual benefit for both parties. With the addition of Sintel’s 25-person staff of engineers and analysts to a leading partner for Maryland’s intelligence community, the arrangement bolsters VOR Technology’s ability to provide forward-thinking solutions in categories such as offensive cyber operations, systems architecture, and software development.
“This deal came along at a truly unique moment,” said Mr. Mercurio, who also serves as Chair of Offit Kurman’s Business Law and Transactions Practice Group. “Our client and Sintel have known each other for some time, and when an opportunity to combine forces presented itself, we worked to seize the momentum..”
Mr. Mercurio and Mr. Casto worked alongside M&T Investment Banking Group to structure the transaction in a sophisticated, multi-tiered atypical arrangement. The deal offered the greatest value and fastest possible exit for Sintel’s ownership while allowing VOR Technology to immediately harness the target’s staff, past performance and facility clearance.
“Our approach addressed one of the most common issues for government contractors. Frequently, an entity will win a contract award and immediately need dozens of staff to fulfill the contract. Owing to Tony’s flexibility and quick thinking, we were able to execute a seamless transition for VOR Technology, Sintel, and the agency in question.”
To learn more about VOR Technology’s acquisition of Sintel Group, click here.
Mr. Mercurio and Mr. Casto’s contact information is available at the Offit Kurman homepage, where visitors can also find legal articles, blog posts, and videos, as well as other content produced daily by the firm’s diverse group of attorneys. Visit www.offitkurman.com.
ABOUT VOR TECHNOLOGY
VOR Technology understands modern day challenges. Whether in support of national security or private enterprise, VOR aims to provide hybridized technical, tactical, and futuristic solutions in order to stay one step ahead of ever developing technology. Recognized as one of Inc. 500's Fastest Growing Companies in America for 2016, VOR Technology has increased its workforce by 200% since December 2015. Team members are primarily located in Maryland, Florida, and Georgia. VOR currently has over 70 employees directly supporting the US Intelligence Community.
ABOUT OFFIT KURMAN
Offit Kurman is one of the fastest-growing, full-service law firms in the Mid-Atlantic region. With over 130 attorneys offering a comprehensive range of services in virtually every legal category, the firm is well positioned to meet the needs of dynamic businesses and the people who own and operate them. Our ten offices serve individual and corporate clients in the Maryland, Delaware, New Jersey, and Northern Virginia markets, as well as the Washington DC, Baltimore, Philadelphia, and New York City metropolitan areas. At Offit Kurman, we are our clients’ most trusted legal advisors, professionals who help maximize and protect business value and personal wealth. In every interaction, we consistently maintain our clients’ confidence by remaining focused on furthering their objectives and achieving their goals in an efficient manner. Trust, knowledge, confidence—in a partner, that’s perfect.
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