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The McLean Group Advises DGS on its Sale to Integrity Applications Incorporated
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The McLean Group Advises DGS on its Sale to Integrity Applications Incorporated

MCLEAN, VA ā€“ July 31, 2018Ā  ā€“ Integrity Applications Incorporated (ā€œIAIā€), a portfolio company of Arlington Capital Partners (ā€œArlington Capitalā€), today announced the acquisition of Dependable Global Solutions (ā€œDGSā€), 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 Presidents.

ā€œWe are tremendously excited to welcome DGS to the IAI family,ā€ said Dave Dzaran, President and CEO of IAI. ā€œAfter 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 employeesā€™ 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.ā€

Dai Do, CEO and founder of DGS, said ā€œBoth 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 donā€™t think we could have found a better home for our company and our employees than with IAI, and Iā€™m very excited about the tremendous opportunities we have in front of us.ā€

David Wodlinger, a Partner at Arlington Capital, said ā€œDai, Joel and Travisā€™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 IAIā€™s culture, and DGSā€™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 IAIā€™s broader national security focused customer base.ā€

Ben Ramundo of Arlington Capital said, ā€œDGS is well positioned to identify and resolve our nationā€™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 IAIā€™s strategy of solving the most complicated problems facing our national security community.ā€

About The McLean Group

The McLean Group, LLC is a 25-year-old boutique investment bank and financial services firm focused on the Defense, Government & Intelligence (DGI), Security, Critical Infrastructure, and Maritime markets. Its team of licensed professionals brings deep industry experience and relentless execution to every client engagement. The McLean Group provides solutions that blend financial creativity with operational expertise. Whether they are providing transaction advisory services, valuation opinions, or growth capital, the Firmā€™s services are unmatched in these core markets. Learn more at www.McLeanLLC.com.

DGS (Dependable Global Solutions) acquired by Integrity Applications Incorporated (IAI) - The McLean Group