Directed Inquiry
Question: Investigate Paragon Solutions: Search USASpending for "REDLattice contract awards after 2023-01-01". This would reveal the scale of REDLattice's U.S. government contracts, providing context for why the acquisition of Paragon's surveillance technology might have been strategically valuable to AE Industrial Partners' defense portfolio.. Report any findings as factual claims with dates and evidence.
Date: 2026-04-15
Research Findings
AE Industrial Partners acquired a significant stake in REDLattice Incorporated on January 26, 2023, making it their second platform investment from Fund III. Joint Special Operations Command (JSOC) has disclosed spending more than $11 million acquiring REDLattice's products, demonstrating substantial U.S. government contract value. This positioned REDLattice as a significant defense contractor before the Paragon acquisition.
In December 2024, AE Industrial Partners acquired Paragon Solutions for $500 million cash plus up to $400 million in performance-based payments, with Paragon's American unit merging with REDLattice. The strategic value becomes clear when examining the timeline: key former CIA and military officials had joined both companies' leadership well before the public acquisition announcement - John Finbarr Fleming became Paragon's U.S. executive chairman in January 2024, Andrew G. Boyd joined REDLattice's board in October 2023, and former Army chief James McConville joined in August 2023. This suggests the acquisition was strategically planned to combine REDLattice's existing $11+ million government contract portfolio with Paragon's surveillance capabilities, creating a vertically integrated U.S.-owned cyber intelligence platform capable of serving both military special operations and civilian law enforcement agencies.
Data Collected
- Entities created: AE Industrial Partners, LP
- Facts recorded: 12
- Connections mapped: 5
- Web sources consulted: 31
Sources
- A Snapshot of Government-Wide Contracting for FY 2024 (interactive dashboard) | U.S. GAO
- USAspending: Government Spending Open Data
- Tracking Federal Awards: USAspending.gov and Other Data Sources | Congress.gov | Library of Congress
- REDLATTICE INCORPORATED | Federal Award Recipient ...
- Federal Contract Spending 2024: Insights and Trends
- CONTRACT to REDLATTICE INCORPORATED
- Guide to USASpending for Government Contracting in 2024
- Government Contract Awards by NAICS Code - FY 2024 Report
- USAspending.gov
- Government Contracting: Key Developments in February 2024 - iQuasar LLC
- Redlattice Incorporated Details
- Redlattice Incorporated · 14399 Penrose Pl, Ste 420, Chantilly, VA 20151-1810
- REDLATTICE INCORPORATED, Ashburn, VIRGINIA, VA 20148 - Govcb.com
- CONTRACT to REDLATTICE INCORPORATED
- REDLATTICE INCORPORATED Information
- REDLATTICE INCORPORATED | Federal Award Recipient ...
- redlattice incorporated
- REDLattice Incorporated Company Profile | Chantilly, Virginia
- REDLattice Incorporated has been named as one of the Best Places to Work in Washington DC
- REDLattice Incorporated Jobs in Virginia - ClearanceJobs
- AE Industrial Partners Acquires a Significant Stake in REDLattice - AE Industrial Partners, LP
- US private equity firm reportedly snaps up Israeli spyware provider Paragon | SC Media
- REDLattice - National Security Investment - AE Industrial Partners, LP
- RED Lattice acquires Israeli spyware company Paragon for $500m
- Paragon sale completed before Defense Ministry approval - Globes
- Exclusive: ICE reactivated its $2 million contract with Israeli spyware firm Paragon, following its acquisition by U.S. capital
- US private equity firm AE to buy cyberattack co Paragon - Globes
- REDLattice Receives Growth Investment From AE Industrial Partners | Baird
- Spyware startup Paragon acquired for up to $900M by investment firm AE | Ctech
- ICE Reinstates Contract with Paragon - Infosecurity Magazine
- Exclusive: ICE reactivated its $2 million contract with Israeli spyware firm Paragon, following its acquisition by U.S. capital
Goblin House