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A month after its debut, Crimson Phoenix made an initial acquisition to continue its efforts toward a greater provider of virtually-generated responses for intelligence agencies and Special Operations Command.
Crimson Phoenix’s acquisition of Cyberspace Solutions announced Monday represents an expanded base with SOCOM and the Defense Intelligence Agency.
Godspeed Capital is the equity sponsor of Crimson Phoenix, and introduced the new company in December as an integrator of artificial intelligence and machine learning technologies for data and analytics applications.
In conjunction with the transaction, Crimson Phoenix said it hired two-decade federal market veteran Scott Crane as chief financial officer in connection with the move. Crane has worked in the CFO role at private equity-backed contractors such as EOIR Technologies, Polaris Alpha and Illuminate.
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