Virginia-based OGSystems had plenty of suitors looking to provide its first round of outside capital, said co-founder and president Garrett Pagon. General Catalyst Partners of Cambridge ended up winning out.
OGSystems, a technology consultancy for the Department of Defense and the intelligence community founded in 2004, did not disclose the size of the investment.
“There were a number of firms that approached us, but typically the investors in this space are about bolting on other companies to the platform, and doing things for the sake of financial returns,” Pagon said. “General Catalyst is very focused on the strategic aspect and on bringing new ideas from other portfolio companies.”
Pagon and his co-founder Omar Balkissoon were also drawn to the opportunity to work with Tad Elmer, formerly chief executive of BBN Technologies, which worked in the defense and intelligence space and was ultimately acquired by Raytheon. Elmer is a new “XIR” at General Catalyst, a position that involves working closely over an extended period of time with a company’s leadership team in a mentorship and company building role.
Elmer is joining the board at OGSystems, along with General Catalyst managing director Brian Shortsleeve. Both are based out of General Catalyst’s Cambridge office.
The company develops software projects in areas such as cybersecurity and data science for the defense and intelligence communities, with a focus on innovating in a far shorter timeframe than other consultants in the space. OGSystems, which had previously bootstrapped since its founding, employs 230.
Kyle Alspach has worked in journalism in Massachusetts since 2005 and was one of the original staff writers at BetaBoston.
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