Tysons risk analytics firm announces two acquisitions

Qomplx to buy Sentar and RPC Tyche before IPO

Published March 10, 2021 by Sydney Lake

Tysons-based risk analytics firm Qomplx Inc. announced Wednesday it would acquire Huntsville, Alabama-based cyber intelligence firm Sentar and London-based insurance software modeling firm RPC Tyche.

Financial terms of the transactions were not disclosed. Qomplx announced earlier this month its plan to go public through a merger agreement with Tailwind Acquisition Corp., a special purpose acquisition company backed by Philip Krim, co-founder and CEO of online mattress retailer Casper Sleep Inc. 

The SPAC deal values Qomplx, which will be listed on the New York Stock Exchange under the ticker symbol QPLX, at $1.4 billion, or $10 per share. The company, which provides risk analytics services through a cloud platform that uses artificial intelligence, expects its 2021 pro forma revenue to be $141 million. It reported $96 million in 2020 revenue. 

Sentar’s clients include the Defense Health Agency, the U.S. Army, the U.S. Navy and Missile Defense Agency. RPC Tyche offers insurance analytics software to public and private clients.

“Sentar is the perfect catalyst and partner for Qomplx to scale a unique combined offering bridging technology and domain expertise across the national security and broader government sector in this critical time,” Qomplx co-founder and CEO Jason Crabtree said in a statement. 

“Our existing data integration and analysis capabilities from Q: OS and Q: INSURANCE are highly complementary to Tyche’s modeling and pricing offerings,” he added. “We are very excited about how the combined business and technology capabilities will help our customers further their actuarial and data science efforts as part of the modern data supply chain in insurance.”

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