Date: Jun 18, 2013 Source: (
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McLean, VA -- June 18, 2013 -- Invertix Corporation and Near Infinity Corporation announced today that the two companies have completed their merger and are re-branding as Altamira Technologies Corporation. The merger was precipitated by an investment in both companies by Columbia Capital and Razor's Edge Ventures alongside the executive management team. "This merger reflects a strategic combination of two leading technology companies, each with a reputation for outstanding customer service, innovation, and the ability to attract top talent," said Arun Gupta, a Partner at Columbia. Both companies serve prominent organizations in the intelligence and national security communities and, among other initiatives, are actively engaged in the design and development of cloud-based analytic and big data solutions.
Art Hurtado, Altamira's President and CEO, stated, "Altamira has arrived as a leading technology firm in the national security sector and we seek to deepen and align our core capabilities around emerging requirements in big data, cyber, analytics and mobility." The company also possesses complementary core competencies in visualization along with sensors and communications. Hurtado revealed the new name, logo, website (www.altamiracorp.com) and Twitter handle (@ExploreAltamira) to Altamira staff during an internal launch earlier this month.
"The combined expertise of Invertix and Near Infinity in cloud computing architectures, big data analytics, and data security along with their shared commitment to promoting open source solutions is precisely what the market needs," said Mark Spoto, Managing Director of Razor's Edge. Spoto added, "Altamira is a strong mid-market company with a clear vision and mission focus." In the past year, the government information technology sector has deepened its embrace of open source technologies as a way to rapidly deploy advanced capabilities in a cost-sustainable manner.
Altamira's Chief Strategy Officer, Craig Parisot, led the rebranding effort and expressed his enthusiasm about finally sharing the outcome of the merger with the business community. "We've known for quite some time that we were putting together something special and that by combining teams we would be able to pursue even larger contracts and expand to support new customers," said Parisot. "We believe strongly that by driving standards in architecture, data and security that we can help our customers be more innovative and more secure."
Terms of the deal were not disclosed.
KippsDeSanto Investment Banking served as the exclusive financial advisor to Invertix Corporation. Cooley LLP served as the legal advisor to Invertix Corporation and is serving as corporate counsel to Altamira. Invertix Corporation and Near Infinity Corporation will continue as operating companies of Altamira.
ABOUT ALTAMIRA TECHNOLOGIES CORPORATION
Altamira Technologies Corporation, headquartered in McLean, Virginia, provides engineering and analytic services to the defense, intelligence and homeland security communities. The company's focus is to enhance the national security posture of the United States and its allies through the development and promotion of technologies spanning the technology continuum including mobility, cloud computing and big data, analytics, visualization, cyber, communications and sensors. Today, the company has operating locations in nine states, the District of Columbia and overseas with corporate offices located in McLean, VA; Reston, VA; Alexandria, VA; Annapolis Junction, MD; Las Cruces, NM; and Dayton, OH. Altamira has filed numerous patents and focuses on challenging and high-impact projects where company employees can use innovative approaches to make a difference. For more information about Altamira, visit our website at www.altamiracorp.com.
