Strategic Acquisition Expands Forward Slope's Technological Capabilities and Market Presence
[San Diego, 8/25/2023] - Forward Slope Inc., a leading technology solutions company backed by the Dallas-based private equity firm Trive Capital, is excited to announce the successful completion of its acquisition of Soar Technology Inc., a cutting-edge technology firm known for its innovative solutions in artificial intelligence and data analytics.
This strategic move comes as part of Forward Slope's commitment to enhancing its technological capabilities and expanding its offerings in the rapidly evolving artificial intelligence digital landscape. The integration of Soar Technology's expertise and capabilities is poised to accelerate innovation and drive unparalleled value for clients across the Department of Defense.
Soar Technology Inc. has garnered recognition for its groundbreaking work in AI-driven applications, data analytics, and human-machine teaming. The acquisition enables Forward Slope to tap into Soar Technology's deep reservoir of talent, proprietary technologies, and an impressive portfolio of successful projects. This synergistic partnership will empower Forward Slope to provide even more robust solutions to its existing clientele while venturing into new markets and sectors.
“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 of capabilities, talented teams and cultural alignment gave us conviction that a partnership with Forward Slope was an ideal next chapter for SoarTech. We believe that joining forces with Forward Slope will accelerate opportunities for SoarTech and allow us to solve complex DOD challenges in an agile way,” commented Mike van Lent, Chief Executive Officer of SoarTech.
"This partnership represents another significant milestone for Forward Slope, and we are thrilled to welcome the Soar Technology team into the Forward Slope family," said Carlos Persichetti, CEO of Forward Slope Inc. "Their expertise in AI and data analytics aligns perfectly with our vision of delivering cutting-edge technology solutions in support of critical DoD initiatives."
David Stinnett, Partner at Trive Capital, commented, “SoarTech has an excellent reputation as a differentiated solutions provider, talented team and unique market position in next-generation AI/ML technologies. As we continue to invest into the Forward Slope platform, we are thrilled to partner with SoarTech to add artificial intelligence capabilities that support and enable tactical decision making in an increasingly complex defense environment.”
For more information about Forward Slope Inc. and its innovative technology solutions, please visit https://forwardslope.com. Additional details about Soar Technology Inc. can be found at Home Page - SoarTech
About Forward Slope, Inc.
Forward Slope Inc. is a leading technology company dedicated to delivering innovative software, security and surveillance solutions to the defense industry. With a dedicated team of software engineers, systems engineers and data architecture experts and a strong commitment to excellence, Forward Slope is committed to empowering its customers with the latest technologies to solve critical problems rapidly and efficiently.FSI is a multiple award winner of the San Diego Business Journal's "Fastest Growing Private Companies” and “Best Places to Work” awards. For more information about FSI, please visit: https://forwardslope.com/ To get the latest FSI news and updates, follow us on: Facebook: https://facebook.com/forwardslope, Instagram: Forward Slope Inc. (@fsisocial) Twitter: https:// twitter.com/forwardslope and on LinkedIn: https://www.linkedin.com/company/forward-slope-inc.
About Soar Technology Inc.
Soar Technology Inc. is a pioneering technology firm known for its advancements in artificial intelligence, data analytics, and human-machine teaming. With a rich history of innovation, Soar Technology has consistently pushed the boundaries of what technology can achieve.
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 equity and debt in what it sees as strategically viable middle-market companies with the potential for transformational upside through operational improvement. We seek to maximize returns through a hands-on partnership that calls for identifying and implementing value creation ideas.
For more information contact:
Mrs. Marisabel Serrato
FSI Corporate Headquarters
2020 Camino Del Rio North, Suite 400
San Diego, CA 92108