XOR Is Acquired By Agile Defense

Technology & Services

XOR, sale to Agile Defense, a portfolio company of Enlightenment Capital


XOR Security (“XOR” or the “Company”) has been acquired by Agile Defense, a portfolio company of Enlightenment Capital, for an undisclosed amount.

Baird served as exclusive financial advisor to XOR Security on this transaction.


XOR Security is a leading pure-play cybersecurity company, providing enterprise-scale cybersecurity operations, platform engineering solutions, and VSOC offerings that address the most prominent cybersecurity threats to federal civilian customers. The Company’s expertise spans broadly across emerging threats, leading commercial cybersecurity technologies, and multi-agency IT ecosystems. XOR Security has become a dependable partner for complex cybersecurity initiatives and a well-recognized resource for designing complex information systems for the federal government. XOR Security is headquartered in Falls Church, Virginia.

This Transaction represents the following themes in Government & Defense M&A: (1) strong interest in pure play cybersecurity businesses; (2) private equity buy-and-build strategies; (3) highly strategic capabilities leverageable across market verticals.

Agile Defense is an end-to-end enterprise IT solutions provider, delivering leading-edge digital transformation solutions at scale. Agile Defense solves its customers’ critical challenges by leveraging a customized combination of advanced technology capabilities and tools including Cloud Services, DevSecOps, Cybersecurity, and AI / Automation. With approximately 1,000 technically proficient engineers and subject matter experts, Agile Defense has been critical in enabling IT transformations of large-scale, high-profile mission-essential programs, including multi-environmental upgrade projects and complex cloud-based initiatives. Agile Defense is based in Reston, Virginia.

Enlightenment Capital, a Washington, DC area based private investment firm, provides flexible capital and strategic support to middle-market companies in the Aerospace, Defense, Government & Technology (ADG&T) sector. Enlightenment Capital partners with businesses that provide vital services, protect critical infrastructure, innovate cyber and data solutions, enhance decision making capabilities, engineer aerospace and space systems, safeguard national security, and endeavor to meet the challenges of today and tomorrow.
Technology & Services

XOR, sale to Agile Defense, a portfolio company of Enlightenment Capital

May 2023
XOR Security
M&A - Sellside
Technology & Services
Defense & Government
IT Services, Security & Infrastructure
Target Geography
North America
Acquiror Geography
North America