Private investment firm Washington Harbour Partners has made another platform investment in the federal information technology sector with its acquisition of cybersecurity company SIXGEN.
Ethan Dietrich, founder and CEO of SIXGEN, will continue to lead the company, Washington Harbour said Wednesday.
SIXGEN offers red team capabilities and other cybersecurity products and services for defense, intelligence, national security agencies and commercial customers. The company has a team of developers, engineers, operators and cyber data science professionals focused on conducting research and assessments to counter cybersecurity vulnerabilities and malicious threat actors.
âThe national security cyber domain and threat landscape is rapidly evolving, and we are aligned with Ethanâs strategic vision for SIXGEN, bringing their exceptional talent and solutions to every corner of our national cyber needs,â said Mina Faltas, founder and chief investment officer at Washington Harbour.
Faltas added that the investment firm looks forward to further expanding SIXGENâs presence in the field of zero trust security.
Crowell & Moring and PwC respectively served as legal and financial advisers to Washington Harbour in the transaction. KippsDeSanto & Co. acted as SIXGENâs financial adviser and Holland & Knight advised the cyber firm on the deal’s legal aspect.
In early 2022, Washington Harbour made a majority investment in federal IT services provider CollabraLink Technologies, which rebranded as Groundswell following its purchase of a tech consulting firm.
