Accenture Federal Services completes Cognosante buy

Arlington County-based Accenture Federal Services has completed its acquisition of Falls Church-based Cognosante, AFS announced Monday.

With the acquisition, AFS plans to create a new federal health portfolio. The deal adds 1,500 employees to AFS’ workforce.

“The health market is a unique mission space in the U.S. federal government,” Accenture Federal Services CEO John Goodman said in a statement. “With the addition of Cognosante’s industry-leading people and capabilities, and by continuing to draw upon Accenture’s proven commercial innovation in health, life sciences and insurance, Accenture Federal Services will accelerate impact for our clients and offer greater career growth opportunities for our people as a result of this acquisition.”

AFS announced plans to acquire Cognosante in April. The financial terms of the deal were not disclosed.

AFS also recently won two large contracts. Earlier this month, AFS won a 10-year $789 million cybersecurity contract to provide global U.S. Navy maritime forces with unified cybersecurity operations across the Navy’s shared set of systems built to protect a single, common, continuous security perimeter. The contract includes a base ordering period of five years and an option for an additional five years.

The other is $127 million U.S. Army Enterprise Application Modernization and Migration contract, which will support the Army’s goal of moving applications out of Army data centers and into the cloud, according to a news release. It’s a one-year base with two optional years.

AFS reported $16.2 billion in total revenues for the first quarter of this year.