ASGN acquires Mass. IT company for $350M

Henrico County-based IT and professional services provider ASGN Inc. announced last week that it has finalized its previously announced $350 million cash acquisition of GlideFast Consulting LLC.

Founded in 2015, Waltham, Massachusetts-based GlideFast provides tailored solutions for the ServiceNow cloud computing platform, which helps companies manage digital workflows for enterprise operations. GlideFast has more than 150 active customers and has completed more than 1,500 completed ServiceNow projects.

“We are pleased to announce the close of our acquisition of GlideFast,” ASGN CEO Ted Hanson said in a statement. “ASGN has a longstanding Fortune 1000 account base, and GlideFast has leading ServiceNow capabilities. Together, through the implementation of the ServiceNow platform, ASGN and GlideFast will support our customers in establishing a new digital layer that automates workflows and streamlines business processes.”

GlideFast’s team of more than 350 employees across the U.S., Canada and India is now part of ASGN subsidiary Apex Consulting Services LLC. GlideFast expected to generate approximately $95 million in 2022 revenue and estimated a 30% revenue growth over 2022 for 2023, according to a news release.

A Fortune 1000 company, ASGN reported $4 billion in 2021 revenue.