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NewSpring Holdings Platform Company Bcore Announces Strategic Acquisition of 2 Twelve Solutions

NewSpring Holdings platform company Bcore, a prominent leader in mission-centric solutions for the Department of Defense and the Intelligence Community is pleased to announce its strategic acquisition of 2 Twelve Solutions ("2 Twelve"). Known for its expertise in rapid prototyping and cutting-edge digital transformation solutions that support the Services, 2 Twelve enhances Bcore's ability to integrate advanced technology with mission-critical objectives. This is Bcore’s third add-on acquisition in less than a year, cementing NewSpring Holdings as a trusted partner for founder-led businesses in the Federal market.

This acquisition signals a significant expansion in Bcore's operational capabilities, positioning the company to offer even more robust technology solutions and industry insights by adding 2 Twelve's proven technological expertise and E3 (End-to-End Engineering) Labs.

"The acquisition of 2 Twelve is a strategic enhancement to our core capabilities, enabling us to leverage their exceptional technological acumen and rapid prototyping approaches. Further, they have fostered a culture of intellectually curious visionaries whose ethos will enhance our people-first culture, advancing our client's objectives and strengthening national security through innovation, collaboration, and impactful solutions."
— Chad Kim, CEO of Bcore

"Joining Bcore is a transformative step for 2 Twelve. It aligns our pioneering digital transformation capabilities with Bcore's extensive technical mission support," stated Lloyd Osafo, founder of 2 Twelve Solutions. "Together, we are set to deliver even more dynamic and impactful solutions to our clients, ensuring rapid and effective responses to their evolving needs."

This acquisition is particularly timely, as the demand for advanced IT modernization, heightened cybersecurity measures, and agile cloud capabilities continues to escalate within federal agencies. The combined expertise of Bcore and 2 Twelve will enable the delivery of comprehensive, user-centric solutions that are not only technologically advanced, but also strategically aligned with the operational efficiency and security requirements essential to national security missions.

Vice Admiral Bob Sharp, USN (Ret.), an esteemed member of Bcore's Board of Directors, highlighted the merger's operational benefits: "The integration of 2 Twelve's pioneering digital transformation strategies and their notable achievements in rapid prototyping and cloud technologies into Bcore's suite of solutions is extremely powerful. It will substantially enhance our collective ability to address our nation's evolving critical and complex needs."

With this strategic acquisition, Bcore reiterates its commitment to maintaining its position at the forefront of national security solutions. It underscores a shared trajectory towards pioneering, mission-centric technological advancements that not only support but significantly propel our clients' objectives in national security.

KippsDeSanto served as financial advisor to 2 Twelve, and Lowenstein Sandler and Pillsbury served as legal counsel. NextFed led commercial due diligence, and Blank Rome served as legal counsel to Bcore.

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