Startups

With acquisition, Columbia cyber company MasterPeace Solutions expands to Northern Virginia

MasterPeace acquired Full Suite Solutions. The company is growing its model combining government services and startup incubation for software engineers.

Drew Cohen, CEO of MasterPeace Solutions. (Courtesy photo)
MasterPeace Solutions is crossing the Potomac.

The Columbia-based cyber company acquired Full Suite Solutions (FSS), a Reston, Virginia-based company that provides software to intelligence community agencies.

With the deal, FSS cofounders Paul and Cait von Schnetlage will remain with the company in leadership roles. It brings the combined company, which will operate as MasterPeace to a team of about 100 employees. Terms of the deal were not disclosed.

MasterPeace Solutions CEO Drew Cohen said it allows the company to bring its services into the other side of the DC metro area.

“We can take what MasterPeace is doing in the Columbia, Maryland area and expand it to similar clients in the Northern Virginia area,” Cohen told Technical.ly.

While MasterPeace is a government contractor, the focus for Cohen is on the technical talent at the company. MasterPeace doesn’t seek to land “prime” contracts, instead serving as a subcontractor and growing a team of engineers that can provide the best services to those bigger contracts. It has teams focused in areas including machine learning, cyber and network operations, UX and cloud DevOps. FSS will add to those capabilities.

It also centers opportunity to launch and work on startups. Through an in-house incubator program called MasterPeace LaunchPad, the company sets aside employee time to work on projects that could spin out into new companies, typically in emerging technology areas. It offers employees who join the teams equity in the companies as they work alongside MasterPeace’s leadership team to develop a business. It has led to the creation of startups like connected devices cybersecurity company Zuul and Yikes!, a cyber company designed to protect home and small business networks.

Entrepreneurship comes with tradeoffs, as most founders must ultimately decide whether to quit their jobs and start a company. MasterPeace offers both the stable work that comes with federal government contracting, and the chance to take part in the creativity and learning that comes with starting something new.

“We’re really seeing this startup model as something that differentiates us. It’s a reason for people to come to MasterPeace,” Cohen said. “The value of the equity of the startups is something that every MasterPeace employee gets.”

Now, that incubator program will have a Northern Virginia location, as well.

The companies first started discussing joining forces at the end of 2019, but the market shifts that followed the COVID-19 pandemic meant the deal didn’t come together until 18 months later. In particular, Cohen said the uncertainty surrounding government contracting and the switch to remote work that happened inside the federal government led the two sides to wait. But with the government showing that remote work can be an effective model, it is now moving forward.

In making an acquisition, seven-year-old MasterPeace is planning to grow its model on the one hand serving government clients, and on the other hand supporting the kind of creativity on its team that can lead to new tech companies.

“It takes us to another level,” Cohen said.

It also brings a need for more leadership to grow that company. To lead the integration, MasterPeace hired Jeanine Callahan as SVP of MasterPeace technology services. She brings 30 years of experience working with the intelligence community, and has served in roles scaling businesses with Northern Virginia firms including Plus3 IT Systems and Eagle Ray.

Before you go...

Please consider supporting Technical.ly to keep our independent journalism strong. Unlike most business-focused media outlets, we don’t have a paywall. Instead, we count on your personal and organizational support.

3 ways to support our work:
  • Contribute to the Journalism Fund. Charitable giving ensures our information remains free and accessible for residents to discover workforce programs and entrepreneurship pathways. This includes philanthropic grants and individual tax-deductible donations from readers like you.
  • Use our Preferred Partners. Our directory of vetted providers offers high-quality recommendations for services our readers need, and each referral supports our journalism.
  • Use our services. If you need entrepreneurs and tech leaders to buy your services, are seeking technologists to hire or want more professionals to know about your ecosystem, Technical.ly has the biggest and most engaged audience in the mid-Atlantic. We help companies tell their stories and answer big questions to meet and serve our community.
The journalism fund Preferred partners Our services
Engagement

Join our growing Slack community

Join 5,000 tech professionals and entrepreneurs in our community Slack today!

Trending

What actually is the 'creator economy'? Here's why we should care

Skills, not schools: A new path for government tech

Meet DC’s winners in the 2024 Technical.ly Awards

This Week in Jobs: Fill your plate with these 26 tech career opportunities

Technically Media