Xcelerate Solutions Seals Merger Agreement With VMD

McNally Capital portfolio company Xcelerate Solutions has announced the completion of its merger with Fairfax, Virginia-based cybersecurity firm VMD.

The organization resulting from the merger will comprise more than 1,000 technology professionals committed to providing “cybersecurity, enterprise and infrastructure protection services focused on mission-first delivery,” Xcelerate said Tuesday.

The companies plan to retain the Xcelerate Solutions name on the market.

Xcelerate CEO Mark Drever, a 4×24 member, said his organization and VMD share a similar culture, leadership and dedication to positive mission outcomes. He noted that his company has sought to expand its information technology and cybersecurity capabilities since it received an investment from McNally.

According to McNally Vice President Michael Ember, VMD and Xcelerate have reputations for trusted delivery and technical expertise that, combined, will serve as a starting point for growth.

VMD CEO Deepti Malhotra and President Vivek Malhotra said the merger will broaden their organization’s portfolio and allow new solutions to be offered to existing clients.