CASE has acquired Ragnarok Technologies, a specialized IT services provider for federal and commercial clients. Financial terms of the transaction have not been disclosed.
Founded in 2015 and based in Reston, Virginia, Ragnarok offers engineering and IT solutions in areas such as blockchain analysis, digital forensics, cloud infrastructure, and software development. The co-founders—Thomas Dougherty, Ethan Grambow, and Chris Santiago—will remain with CASE in key leadership roles.
CASE is a portfolio company of AE Industrial, a private equity firm based in Boca Raton, Florida. This acquisition follows CASE’s purchase of CyberKinetics, a provider of cloud-based services and cyber solutions, in 2024.
Advisors: G Squared Capital Partners and Peloton Strategies Group advised Ragnarok in this transaction.
KEY QUOTES:
“Ragnarok has earned a strong reputation within the IT community for its exceptional technical expertise and unwavering commitment to its customers. In addition to expanding our presence in the National Capital Region, leveraging Ragnarok’s advanced technical capabilities and cutting-edge infrastructure positions us to provide even deeper strategic insight to our clients.”
Paul Farmer, CEO, CASE
“CASE and Ragnarok share a heritage of crafting innovative, tailored solutions that address the next generation of challenges facing federal and commercial clients. By joining forces with CASE, we are reinforcing our ‘Mission First’ mindset and accelerating the development of advanced capabilities to counter emerging threats.”
Ethan Grambow, Co-Founder and CEO, Ragnarok
