Directed Inquiry

Question: Investigate Paragon Solutions: Search SEC EDGAR for "Schedule 13D or 13G filings mentioning 'Paragon Solutions' 2018-2020". Required filings for beneficial ownership of 5%+ of public company securities. Report any findings as factual claims with dates and evidence.

Date: 2026-04-14

Research Findings

The investigation into SEC EDGAR Schedule 13D/13G filings for 'Paragon Solutions' during 2018-2020 yielded no results, which aligns with the timeline since Paragon Solutions Ltd. was not established until 2019 and its U.S. subsidiary wasn't incorporated until March 2021. However, the research uncovered significant recent developments: AE Industrial Partners, a Boca Raton-based private equity firm, acquired Israeli spyware company Paragon Solutions for $500 million in December 2024, with the total deal potentially reaching $900 million when including the merger with REDLattice Incorporated. This acquisition represents a major consolidation in the offensive cyber capabilities sector, bringing together Paragon's Graphite spyware technology with REDLattice's cyber operations expertise under U.S. ownership. The combined entity has notable intelligence community connections, with former CIA executive Andrew Boyd and former Army Chief of Staff James McConville serving on the board of REDL Ultimate Holdings. The deal also enabled the reactivation of a $2 million U.S. Immigration and Customs Enforcement contract with Paragon that had been subject to a stop-work order, demonstrating how foreign spyware companies can circumvent U.S. restrictions through acquisition by American firms.

Data Collected

• Entities created: Paragon Solutions Ltd., Paragon Solutions (US) Inc., Paragon Parent Inc., REDLattice Incorporated, REDL Ultimate Holdings, LP, AE Industrial Partners, LP, Ehud Schneorson, Andrew Boyd, James McConville, Idan Nurick, Igor Bogdalov, Liad Abraham
• Facts recorded: 9
• Connections mapped: 8
• Web sources consulted: 31

Sources

• SEC.gov | File Schedule 13D, Schedule 13G, and Corresponding Amendments
• SEC.gov | EDGAR Schedule 13D and 13G XML Technical Specification 2.0
• Schedule 13G/D Filing Service | Online EDGAR SEC Schedule 13G/D Filings — ACN Solutions LLC
• All SEC EDGAR Filings for PARAGON ASSOCIATES, III, LTD.
• SEC.gov | EDGAR Full Text Search
• Schedules 13d and 13g Ownership reporting, Call 904 363 0506!
• SEC.gov | Search Filings
• Schedules 13D and 13G | Investor.gov
• Schedule 13G FAQs: Your Questions Answered — ACN Solutions LLC
• All SEC EDGAR Filings for PARAGON 28, INC.
• Virtue or Vice? A First Look at Paragon’s Proliferating Spyware Operations - The Citizen Lab
• SEC.gov | Search Filings
• All SEC EDGAR Filings for REDL ULTIMATE HOLDINGS, LP
• SEC.gov | EDGAR Full Text Search
• SEC.gov | File Schedule 13D, Schedule 13G, and Corresponding Amendments
• EDGAR filings
• Form 13D/13G Search API
• Insider Trading Tracker | SEC Form 4 Filings and Insider Trade Analytics
• SEC.gov | Form 13F Data Sets
• SEC EDGAR Filings
• EDGAR Entity Landing Page
• AE Industrial Partners Acquires a Significant Stake in REDLattice - AE Industrial Partners, LP
• RED Lattice acquires Israeli spyware company Paragon for $500m
• US private equity firm reportedly snaps up Israeli spyware provider Paragon | SC Media
• AE Industrial Partners Acquires a Significant Stake in REDLattice
• REDLattice Receives Growth Investment From AE Industrial Partners | Baird
• Exclusive: ICE reactivated its $2 million contract with Israeli spyware firm Paragon, following its acquisition by U.S. capital
• US private equity firm AE to buy cyberattack co Paragon - Globes
• REDLattice - National Security Investment - AE Industrial Partners, LP
• ICE Reinstates Contract with Paragon - Infosecurity Magazine
• Spyware startup Paragon acquired for up to $900M by investment firm AE | Ctech