San Diego And Dallas, August 24, 2023 /PRNewswire/ — Soar Technology, Inc. (“Soortech”) is in partnership with forward slope included (“Forward Slope” or “FSI”), supported by Trive Capital (“Trive”), the Dallas-based private equity firm. The joining of Soortec represents another acquisition that strategically expands the platform’s core competencies and customer base to provide a more comprehensive range of solutions to key defense and national security customers. The Soortech team invested with Trive and will continue to serve as senior leaders of the platform.
Soortech is a leading provider of advanced artificial intelligence solutions to meet the complex mission requirements of the Department of Defense. Sourtec’s AI solutions act as a force multiplier for quicker, better decision making and simplify human-machine interaction. By leveraging machine learning technologies built on computational cognitive designs, SourTech creates autonomous agents to analyze large amounts of data and assist in human decision making.
“Through our 15-year history of partnering with Forward Slope to solve customer challenges, we have developed a deep understanding and appreciation of their complementary expertise in developing software solutions. The combined set led us to believe that partnering with A Forward Slope was an ideal next chapter for Soortech. We believe that partnering with Forward Slope will accelerate opportunities for Soortech and help us address complex DoD challenges. will be allowed to be resolved expeditiously,” commented mike van lentCEO of Soortec.
“This partnership marks another important milestone for Forward Slope,” said Carlos Persichetti, Chief Executive Officer of Forward Slope. “Soortec’s unique expertise in AI and ML technologies will enable the combined platform to offer more integrated solutions that support critical DoD initiatives.”
David StinnettPartner at Trive Capital commented, “Soortech has an outstanding reputation as a differentiated solutions provider, talented team and unique market position in next-generation AI/ML technologies. As we continue to invest in the Forward Slope platform, we are excited.” Partner with Sourtec to add artificial intelligence capabilities that assist and enable strategic decision making in increasingly complex defense environments.”
Kipsdisanto & Company acted as financial advisor and Pillsbury Winthrop Shaw Pitman LLP acted as legal advisor to Sourtec. Haynes & Boon LLP served as legal advisor to Trive Capital and Forward Slope.
about forward slope
Forward Slope is a technology services company providing software and surveillance solutions to the defense industry. With a dedicated team of software engineers, technologists and data architecture experts, Forward Slope is committed to solving complex challenges for its customers.
About Trive Capital
Trive Capital is a Dallas, Texas based private equity firm with more than $4 billion of regulatory assets under management. Trive focuses on investing in equity and debt in what it views as strategically viable middle-market companies that have the potential for transformational change through operational improvement. We seek to maximize returns through insightful partnerships, which require identifying and implementing value creation ideas.
The Trive team is comprised of experienced investment professionals who have been involved in over 100 mid-market transactions $6 billion in revenue across Trive’s target industry segments and positions.
SOURCE Trive Capital