Private equity company Arlington Capital Partners have completed its takeover of Exostara provider of cloud-based secure software for business collaboration, from software investment firm Thomas Bravo to help Exostar drive its growth strategy, drive innovation and expand its offerings in highly regulated industries.
Exostar supports nearly 200,000 aerospace and defense, life sciences and healthcare organizations in their digital transformation efforts through its portfolio of products designed to help them facilitate the sharing of sensitive data, mitigate risk and execute business transactions, the companies said in a joint announcement published Monday .
Richard Addypresident and CEO of Exostar, said the company will continue to expand its secure business partnership as it begins a new chapter under Arlington’s ownership.
“Arlington’s directly relevant focus, experience, network and support will strengthen our team and advance our mission The Exostar platform the preferred solution for our target markets and our rapidly growing customer communities,” added Addi.
The deal was first announced at the end of September.