GREENWICH, Conn., July 1 /PRNewswire/ -- General Atlantic LLC (GA), a leading global growth equity firm, today announced that David H. Langstaff, the former CEO of Veridian, has become a Special Advisor to the firm. In this role, Mr. Langstaff will support GA's active value-added approach to partnering with growth companies by providing strategic counsel to GA and its portfolio companies in the Business Services and Technology sector with a particular focus on government services.
GA is an active investor in business services and technology companies on a global basis, with current and prior investments that include Trow, IHS and SRA International, among others. With a target investment size of $50 million to $500 million, GA identifies, invests in and supports growth companies globally over a long-term investment horizon.
Philip Trahanas, a Managing Director with General Atlantic, commented, 'David's extensive background as a Chief Executive Officer and Director of government services companies will offer us invaluable insights as we continue to extend our activities in the business services sector. More broadly, David's deep commitment to excellence in corporate governance resonates with General Atlantic's long-term investment philosophy.'
Mr. Langstaff said, 'General Atlantic is a premier global firm that consistently delivers on its value-added promise to its portfolio companies. I hope to extend GA's industry knowledge and specialized network within the government services sector as they continue to support their portfolio companies and look for additional investment opportunities.'
From 1995 until its sale to General Dynamics in August 2003, Mr. Langstaff was President, CEO and Director of Veridian Corporation, which specialized in mission-critical national security programs primarily for the intelligence community, military and other U.S. Government agencies involved in law enforcement and homeland security. Under Mr. Langstaff's leadership, the company's annual sales increased ten-fold, from $100 million to $1.2 billion, and Veridian developed a reputation as one of the preeminent companies in its field with a strong values-based culture. In June 2002, Mr. Langstaff took Veridian public (NYSE: VNX) in what was recognized by The Financial Times as one of the ten best global IPOs of 2002.
From 1984 to 1995, Mr. Langstaff served as Executive Vice President and Chief Operating/Financial Officer of Space Industries International, Inc., which in 1993 merged with Calspan SRL Corporation.
