New Investment Will Fund Next Generation SIGINT and EW Product Development and Tuck-in M&A Efforts
Blue Delta Capital Partners, a Tysons, VA based venture capital firm focused on the Federal Government market announced today that it has invested $25 million in Herrick Technology Laboratories, Inc. (HTL), a market leading provider of Software Defined Radio (SDR) and related SIGINT (signals intelligence) and EW (electronic warfare) solutions.
“We are thrilled to partner with Blue Delta and have them join our team. Their investment will allow us to accelerate fielding the cutting-edge SIGINT and EW products and solutions that we provide to U.S. Government Defense and Intelligence customers, as well as our Nation’s allies,” said Acie Vickers, CEO and co-founder of HTL. He added, “This investment will also further enhance our ability to execute strategic tuck-in acquisitions.”
Blue Delta co-founder Mark Frantz said, “Acie and his team are building something special at HTL and we are flattered to become a part of their team. They are proven entrepreneurs and they are doing it again at HTL. Their unique products and solutions are vital to the Nation’s missions, and we are excited to help scale the company during this critical time in world affairs.”
Raymond James and Cooley acted as the financial and legal advisers to HTL, while Holland & Knight served as counsel to Blue Delta.
About Herrick Technology Laboratories
HTL is a leading provider of high performance, SIGINT/EW/Communications products and systems to the US Department of Defense. HTL designs and manufactures integrated hardware and software products and systems implemented through a Core Software Defined Radio (SDR) platform. The SDR platform incorporates high performance, multi-channel RF and Microwave receive and transmit (transceiver) functionality along with mission specific firmware/software applications. HTL products are deployed in demanding mission environments, requiring best in class SWaP-C (Size, Weight and Power – Cost). https://www.herricktechlabs.com/
About Blue Delta Capital Partners
Blue Delta is a growth stage venture capital firm focused on the U.S. federal government market. Founded in 2009, Blue Delta partners with the most promising companies serving the Federal Government’s critical missions. We are a purpose-built team of former C-level executives in the sector and venture capitalists, with closely-aligned incentives driving superior returns for all shareholders in the companies we are fortunate to back. By combining flexible, patient equity investments with proven operating experience, we empower companies to reach their fullest potential. www.bluedeltacapitalpartners.com
