With the deal, Hanover-based Bridges’ entire 100-member team will remain onboard. The acquisition will create a subsidiary known as “Bridges, an Applied Insight company.” Terms were not disclosed.
In statements, the company leaders said intelligence community-focused Bridges offered “complementary capabilities” for Applied Insight.
“Their cyber and analytics expertise, combined with our cloud infrastructure and emulation products and managed services, will help customers more effectively process and integrate vast amounts of classified and open-source information,” Applied Insight CEO Dede Dascalu said of Bridges. “Importantly, we know the Bridges team well from years of partnering together.”
Founded in 2000, Bridges moved two years ago to a new headquarters in Hanover, and was reporting growth in its team. Based in an area that sees business activity growing up around the nation’s cybersecurity base at Fort Meade, the company has had an active presence in the local cyber community, both by setting aside space for sessions at its office and at events from the Cybersecurity Association of Maryland, Inc.
“We are excited to join the Applied Insight team to expand opportunities for our employees and bring the latest technologies to our customers,” Bridges CEO Chuck Faughnan said. “Together we can leverage our unique machine learning and artificial intelligence analytics and deep network engineering experience to deliver new cyber products and end-to-end security for our customers’ hybrid-cloud infrastructures.”
It’s not the first acquisition of a Maryland company in recent years for Applied Insight, which is backed by private equity firm The Acacia Group. In 2019, it acquired Applied Technology Group (ATG) and Stratus Solutions.