ASGN acquires D.C. cybersecurity firm

ASGN Inc., a Glen Allen-based Fortune 1000 provider of information technology and professional staffing services, has acquired Washington, D.C.-based Iron Vine Security LLC, a cybersecurity company that works with federal clients, ASGN announced Oct. 3.

Financial details have not been publicly disclosed.

Iron Vine and its team of 230 workers will become part of ECS Federal LLC, ASGN’s federal government segment.

“ECS has enjoyed a long-standing partner relationship with Iron Vine,” ECS President John Heneghan said in a statement. “We share a commitment to driving results for our customers by leveraging the latest technology along with leading cyber expertise. By combining and expanding our next-gen cybersecurity solutions and talented workforce, we strengthen our ability to deliver innovative solutions that protect our nation’s most critical resources and move our customers’ missions forward.

ECS has more than 3,500 employees and reported $1.1 billion in 2021 revenue.  It’s been named an Amazon Web Services Managed Services Provider for eight years and in May partnered with two other firms to donate an enterprise security platform, totaling $4 million, to an educational lab at the U.S. Naval Academy.

“We are very pleased to welcome Bill Geimer and his entire team of cybersecurity experts to ASGN,” ASGN CEO Ted Hanson said in a statement. “Iron Vine’s cybersecurity strength enhances ECS’ powerful solution set to enable the combined companies to capture some of today’s largest cybersecurity contracts across civilian, defense, and intelligence agencies.”

Founded in 2008, Iron Vine’s clients included the National Institutes of Health, the Centers for Medicare and Medicaid Services, the Securities and Exchange Commission, the Census Bureau, the Millenium Challenge Corp., the Department of Education, the Department of State and others.

ASGN expects to grant $7 million of restricted stock unit awards to 36 Iron Vine employees who are not executives of ASGN on Jan. 3, in connection with the closing.

“We are very excited to join ECS and the broader ASGN family,” Geimer, CEO of Iron Vine, said in a statement. “Combining Iron Vine’s deep cyber expertise with ECS’ technical breadth will provide our combined customers access to an enriched offering of proven, innovative cybersecurity solutions and methodologies.”