SOSi acquires STG Group Holdings

Reston, VA-based services contractor SOS International announced this week it has acquired cyber and data solutions provider STG Group Holdings.

The acquisition adds new, technical capabilities in cybersecurity, information assurance, software development, and data analytics to SOSi's portfolio, the company said in an April 11 statement.

The STG purchase is SOSi's third and largest acquisition since 2016, and the two companies together employ 1,300 employees worldwide.

Julian Setian, SOSi's chief executive, told Inside Defense in an interview last November that the company, which at that time had nearly $300 million in annual sales, anticipated increased sales from its existing business.

Setian said in November that his company had several big pursuits planned for the following year and has $700 million to $800 million in bids pending award.

"Having said that, we're very focused on acquisition too," Setian added. The company "can afford to do some fairly large acquisitions, and we still intend to do that."

Last September, SOSi acquired Defense Group Inc., a data analytics and cyber solutions company. The previous year, the contractor picked up New World Solutions, which specializes in imagery science, cyber analytics and research and development.