Sequoia Holdings Receives Equity Investment from Chart National, L.P.

RESTON, Va.–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/AWS?src=hash” target=”_blank”gt;#AWSlt;/agt;–Sequoia Holdings Inc., a leading provider of software and cloud
engineering services for the U.S. intelligence community, has received
an equity investment from Chart National, L.P., a New York-based private
equity fund with deep relationships within the intelligence community
and the U.S. Department of Defense. Financial terms of the transaction
were not disclosed.

Founded in 2012, Sequoia is an Amazon Web Services Advanced Consulting
Partner that has built strategic partnerships with the intelligence
community and Fortune 500 vendors. The company’s commercial cloud
product, Combine, enables a highly secure and automated cloud adoption
platform providing custom, cost-effective cloud orchestration services
for the U.S. government’s classified “air-gapped” cloud regions.

“We’re honored to join forces with Chart National,” said Sequoia
president and CEO T. Richard Stroupe, Jr. “Chart’s strategic and
financial support will allow Sequoia to aggressively scale its adoption
and delivery of cutting-edge cloud enablement products and services
across the public sector.”

Sequoia plans to team with Chart National to accelerate secure
enterprise cloud adoption across the Defense Department and intelligence
community and focus on delivering efficiencies and optimization through
application modernization and intelligent workload automation. Sequoia
will also strengthen its ability to scale its high-quality cloud
migration and orchestration products across multi-cloud environments.

“We’re thrilled to partner with a disruptive pioneer like Sequoia,” said
Chris Brady, co-founder of Chart National. “This investment will help
Sequoia accelerate its already impressive performance in the
business-to-government tech sector and help drive mission-focused
synergies between the Defense Department and the intelligence community.”

“We look forward to working with Sequoia’s talented management team in
this next phase of growth,” said Joseph R. Wright, Chairman of Chart
National’s Advisory Board and former director of the Office of
Management and Budget under President Reagan.

Chart National and its affiliates have a successful track record of
building trusted relationships with Defense Department and intelligence
community decision makers. Chart National affiliates have successfully
realized investments with a number of vendors, including FedData, ATAC,
Twisted Pair, PacStar and EOTech.

Under the terms of the investment, Stroupe will continue to serve as CEO
of Sequoia. All Sequoia employees will become shareholders of Sequoia.
Stroupe, Brady, Wright, former CIA executive director Meroe Park and
John O’Connor, Chairman of J.H. Whitney Investment Management, CEO of
Whitney Strategic Services, and Defense Business Board member, will lead
the company’s board of directors.

About Sequoia

Sequoia is an award-winning, employee-owned provider of high-end
software development and engineering services centered on improving the
analysis, collection, collaboration and sharing of data. Sequoia
provides engineering and cloud orchestration solutions to the national
security sector, including the U.S. intelligence community, Department
of Defense and Department of Homeland Security. For more information,
visit www.sequoiainc.com.

About Chart National, L.P.

Chart National, L.P. is a private investment fund focused on companies
that are emerging leaders serving the defense, intelligence, security
and related markets through management buyouts, recapitalizations and in
limited cases, structured growth equity transactions. Chart National’s
strategy is to identify companies and management teams with which it can
partner to drive value through relationships and access and deliver
operational improvement through active board-level involvement. For more
information, visit www.chartnational.com.

Contacts

Micah Ezekiel
(202) 471-4228 ext. 118
[email protected]

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