Fl.-based private equity firm acquires Alexandria software company

Boca Raton, Florida-based private equity firm AE Industrial Partners LP announced late last week it had acquired Alexandria-based software company Linkware LLC and security and travel consulting firm Pangiam.

Financial terms of the acquisitions were not disclosed.

AEI will combine Linkware with Pangiam to form a travel solutions technology platform. The combined entity will operate as Pangiam in the commercial space, while the company will use Linkware brand for its digital services to government customers. 

“Combining Linkware with Pangiam will create a compelling travel and security solutions technology platform with unlimited potential,” Pangiam CEO Kevin McAleenan said in a statement. “The combination of our businesses will enable us to offer comprehensive solutions to aviation and security agency stakeholders.”

Founded in 2011, Linkware provides custom software and consulting services to federal government organizations. It was co-founded by Leo Fthenos, Bobby Paraskevopoulos, Howard Stone and Vasilios Tzeremes, all of whom will continue to serve as managing directors of the company.

“We share Pangiam’s vision to push the boundaries of innovation in the travel and security ecosystem to enable greater opportunities for more secure and seamless travel,” Fthenos said in a statement. “With strong support from Pangiam and AEI, we look forward to accelerating our efforts and delivering new capabilities to the market.”

Subscribe to Virginia Business.

Get our daily e-newsletter.