Defense and security contractor Parsons to acquire geospatial intelligence firm OGSystems
WASHINGTON — Parsons announced on Monday it is acquiring OGSystems, a provider of geospatial intelligence and big data analytics. Parsons did not disclose the value of the transaction. It plans to absorb all 400 employees of OGSystems, a company that currently has contracts with the National Geospatial-Intelligence Agency, the National Reconnaissance Office and Special Operations Command.
The OGSystems deal is the latest investment by Parsons aimed at expanding its presence in the space and geospatial intelligence sectors. It follows the acquisition of space and intelligence contractor Polaris, which closed in May. Parsons sees space-based intelligence as central to its future growth in the critical infrastructure, smart cities and physical security businesses.
Chuck Harrington, Parsons’ chairman and CEO, said in a news release that OGSystems, based in Chantilly, Virginia, brings “actionable intelligence” in the form of geospatial imagery and data analytics.
“OGSystems will expand our position in critical markets, including space operations, cybersecurity, critical infrastructure and beyond,” said Carey Smith, Parsons’ chief operating officer. Parsons’ customers include the Department of Defense, the Department of Energy, the Maryland Procurement Office, several intelligence agencies, and critical infrastructure owners and operators.
With the acquisition of OGSystems, Parsons, based in Pasadena, California, gets immediate access to highly skilled analysts and experts in geospatial phenomena including LiDAR, synthetic aperture radar, electro optical, hyperspectral imagery, panchromatic imagery, infrared imagery, radar, full motion video and polarization. OGSystems’ PeARL family of sensors are capable of collecting 1,000 square miles of data in just eight hours.
In this acquisition, Parsons was advised by Goldman Sachs and Latham & Watkins. OGSystems was advised by Baird, Ropes & Gray and Miles & Stockbridge P.C.