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Two Six Technologies reports exceptional strategic growth + record results in 2023

February 12, 2024

Two Six Technologies has reported exceptional strategic growth and record results in 2023 — most importantly, Two Six Technologies increased the firm’s positive impact on the critical missions of its Defense and Intelligence Community customers.

In 2023, the company generated organic revenue growth of more than 25%, expanded its contract portfolio to more than $1 billion of available contract ceiling, and grew its team to approximately 800 talented professionals throughout the United States. Driving this performance was Two Six’s rapid delivery of products and expertise to address some of the most important and challenging threats to U.S. national security.

Two Six Technologies was formed in February of 2021 with the backing of global investment firm The Carlyle Group. During 2023,Two Six Technologies strengthened its focus on five technical areas that are central to national security missions: cyber, information operations, electronic systems, analytics, and secure solutions. The company performs on a portfolio of R&D programs across these areas to create breakthrough technologies. Two Six Technologies has repeatedly transitioned those innovative new technologies to operational customers, putting cutting-edge capabilities into the hands of end users and warfighters in direct support of urgent mission needs.

The firm is uniquely positioned to support customer missions through its proprietary products that deliver technological superiority for the nation, allies, and partners. The company’s suite of operationally deployed products include IKE™, M3, Pulse, SIGMA™, TrustedKeep™, and CircuitRE. These products are proven solutions that offer immediate and scalable impact to real-world challenges, in high-priority sectors including cybersecurity, information advantage, CRBN (chemical, biological, radiological and nuclear) detection, electronic systems, and zero trust.

Two Six Technologies’ strategic growth in 2023 included geographic expansions, significant investments in scaled infrastructure, and new offices in Virginia, Maryland, Colorado, and New Mexico. The company now has employees working in 24 office locations, as well as in labs, customer sites, and hybrid and remote locations in 36 states across the country.

Two Six also continues to invest strategically to support employee growth and professional development. Significant investments include recruiting programs, referral bonuses, training courses, and specialized labs and technical equipment.

Supplementing the company’s strong organic growth, Two Six Technologies selectively acquires companies with unique products and capabilities that are highly complementary with Two Six’s mission, culture, and growth strategy. During 2023, Two Six Technologies completed its fourth strategic acquisition, adding a high-growth Maryland company with proprietary product platforms to deliver unique data and analytical capabilities to Intelligence Community and DoD (Department of Defense) customers in support of national security missions.

Two Six Technologies’ successes in the past year were recognized with numerous industry awards including: 3 Pinnacle Award finalists, WashingtonExec selection of CFO Bob Kwaja as a 2023 CFO to watch, Best Workplace for Commuters, NVTC Tech100 honoree, and a finalist for GovCon Contractor of the Year. Additionally, the company was awarded eight new U.S. patents in 2023 for technology inventions created by Two Six employees.

“I’m incredibly proud of the outstanding people of Two Six, who delivered another year of extraordinary growth, inspired by our relentless focus on the nation’s most urgent national security challenges,” said Joe Logue, CEO of Two Six Technologies. “At Two Six, we deliver unique expertise and innovative products to solve clients’ mission needs with speed and agility.”

Filed Under: Analysis / Reports, Cyber, Defense Market, Defense Solution, Earnings, Military, Military Defense, N (Chemical, Biological, Radiological and Nuclear), National Defense, National Security, Two Six Technologies

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