NextPoint Group gets Godspeed's backing

NextPoint Group, a provider of technology and professional services to national security agencies, has received an investment from the middle-market focused private equity firm Godspeed Capital Management.

Founded in 2004, NPG works on software development and other IT-related efforts for defense and intelligence agencies to help them operate and modernize networks. The company also touts its core focus areas as including agile development, mission readiness and enablement, cloud computing, artificial intelligence and machine learning.

With this transaction announced Monday, NPG becomes the foundation for further acquisitions and other investments to create a larger mission technology contractor for the national security community. Financial terms were not disclosed.

Ron Kattas will continue to lead NPG as chief executive, while Chief Strategy Officer Kevin Green and President Scott Graham are also remaining in their roles. All three of them and other key management team members will also retain their ownership stakes in NPG.

NPG becomes Godspeed’s 12th platform investment since the firm’s inception in 2021. Godspeed’s portfolio of current government technology holdings includes Aurex and Crimson Phoenix, both of which are being backed through the firm’s second fund.

Godspeed’s most recent high-profile exit involved SilverEdge, which Science Applications International Corp. acquired in October for $205 million to add more digital transformation work in national security programs.