OpenGate Capital Announces Acquisition of Aurotech, Inc.

Majority Interest Partnership Has Plans to Accelerate Growth of Digital Transformation and Business Solutions Platform

OpenGate Capital, a global private equity firm, announced that it has acquired Aurotech, Inc. from the founder of the business through a majority interest investment. Aurotech’s founder, Mr. Hetal Patel, continues to serve as President and CEO. Terms of the transaction were not disclosed.

“OpenGate’s investment in Aurotech represents a significant opportunity bring our full suite of operational and institutional support to an exciting business. This partnership also represents OpenGate’s continuing commitment to lower-to-mid market, technology related companies that can benefit from a collaborative and highly engaged partner.”

Founded in 2007, Aurotech is a provider of digital services and business solutions for US federal healthcare and adjacent civilian agencies for which they design and implement information technology plans and build technology powered business tools. Aurotech’s capabilities span five addressable market segments:

• Digital strategy and transformation
• Cloud computing
• Application modernization
• Data science and engineering
• Cybersecurity

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Patel and the senior management team will continue to lead the company’s operations and strategic growth initiatives out of its headquarters in Silver Spring, Maryland.

Andrew Nikou, OpenGate Capital’s Founder and CEO commented, “OpenGate’s investment in Aurotech represents a significant opportunity bring our full suite of operational and institutional support to an exciting business. This partnership also represents OpenGate’s continuing commitment to lower-to-mid market, technology related companies that can benefit from a collaborative and highly engaged partner.”

Patel stated, “OpenGate Capital is a great partner for Aurotech and through this investment we have a unique opportunity to continue building on the brand and the legacy we have created. We plan to accelerate our efforts to grow through our people, technology, systems, and service offerings to ultimately increase the value we deliver to our customers.”

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OpenGate Capital sourced Aurotech through its global origination team led by Joshua Adams – Managing Director, and Rafael Baron – Vice President. The following team members are responsible for negotiating and overseeing the investment: Aaron Figura, Principal – M&A; Damian Blazy, Principal – Operations; and Vinay Menon, Vice President – Operations.

G Squared Capital Partners served as exclusive financial advisor to Aurotech on this transaction.

With OpenGate’s support, Aurotech will actively seek add-on acquisitions.

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