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Tag: cloud solutions

Reston-based IndraSoft wins $43M Army contract

Reston-based software company IndraSoft Inc. has been granted a $43 million contract from the U.S. Army Intelligence and Security Command (INSCOM) to enable data sharing and DevSecOps system integration, the company announced Monday. This contract will support the Army’s Maintenance of Enterprise Technologies and Applications (META) program.

DevOps is a set of practices that automates processes between software development and IT services, and DevSecOps integrates security into that process. IndraSoft, under the contract, will migrate Army data to secure cloud operations and implement cloud architecture to increase efficiency and lower costs for INSCOM.

“META represents a key aspect of the Army’s national security mission,” IndraSoft President and Chief Technology Officer Raj Lingam said in a statement. “We look forward to working closely with the Army to enable their vision for exploiting cloud technologies to increase mission effectiveness.”

IndraSoft was founded in 2002 and has also served the Department of Defense, U.S. Air Force, Department of State, Department of Justice and the U.S. Census Bureau, among others.

SAIC set to acquire Unisys Federal for $1.2B

Science Applications International Corp. (SAIC) will acquire Unisys Federal for $1.2 billion, SAIC announced Thursday.

Both companies are Reston-based, publicly traded federal contractors specializing in IT services.

The transaction was approved by SAIC’s board of directors and the transaction is expected to close by May 1.

Unisys Federal is an operating unit of Blue Bell, Pennsylvania-based Unisys. The company provides infrastructure modernization, cloud migration and other IT services to the federal government. SAIC provides similar services such as cloud services, software and advanced analytics to the federal government.

“This exciting opportunity advances our strategy by building on our modernization capabilities, increasing customer access, accelerating growth and enhancing shareholder value,” SAIC CEO Nazzic Keene said in a statement. “The financial benefits of acquiring Unisys Federal are compelling, including accretion of adjusted EBITDA margins, non-GAAP earnings per share and cash generation.”

Guggenheim Securities LLC and Citigroup Global Markets Inc. financially advised SAIC during the transaction and Atlanta-based King & Spalding LLP provided legal counsel.

 

Fairfax-based ICF to acquire cloud services provider for $255M

Fairfax-based consulting and technology services provider ICF International Inc. plans to acquire Arlington-based cloud services provider Incentive Technology Group LLC (ITG) for $255 million, ICF announced Tuesday.

The closing of the transaction is subject to approval and is expected to occur in the first quarter.

“IT modernization and cloud together is estimated to be approximately a $21 billion federal market and one in which ICF already has gained traction through organic expansion,” ICF President and CEO John Wasson said in a statement. “The 350-plus people at ITG are driving transformational solutions through the adoption of next generation technologies for federal government agencies. … We see significant revenue synergies by combining ICF’s domain expertise … with ITG.”

ITG was founded in 2010 and mainly works with federal government agency clients on cloud-based implementations and other IT services such as architecture and design of code pipelines. In 2019, ITG had approximately $90 million in revenue, and ended the year with a revenue run-rate in excess of $100 million.

“As one team, ICF and ITG bring highly complementary capabilities and will be uniquely positioned to architect and implement technology platforms that drive the strategic transformation agencies need to meet their new mandates,” ITG COO JC Chidiac said in a statement.

ICF expects to net a tax benefit of approximately $33 million from the acquisition. After the acquisition is complete, it’s expected that the company’s leverage ratio (proportion of debts to capital) will be less than 2.7%. If the acquisition is closed by the end of January, ICF expects its revenue to increase by roughly 10% in 2020 — its revenue was $1.48 billion in 2019.

ICF will provide formal 2020 guidance in its full-year 2019 earnings to be released on Feb. 27.

ICF was founded in 1969 and has more than 7,000 full-and part-time employees with offices in North America, Europe, Asia, Africa and the Middle East. In 2014, ICF acquired Olson, an integrated marketing technology and digital services provider, and in August 2019 announced that it would have a new headquarters in Reston in close proximity to Google Reston.

 

Herndon software company acquired by Florida tech distributor

Herndon-based software and cloud solutions company DLT Solutions was acquired by Clearwater, Florida-based technology distributor Tech Data Corp., Tech Data announced Monday. DLT is now a wholly owned subsidiary of Tech Data Corp.

The financial terms of the acquisition were not disclosed.

DLT Solutions provides cloud solutions for the U.S. public sector and will continue to do so following the acquisition. It also specializes in providing tools to software developers and operators to manage the lifecycle of an application.

Tech Data will have access to a broader portfolio of public sector clients as a result of the acquisition access to dedicated channel and enablement services, according to Tech Data.

“We are excited to welcome DLT Solutions to Tech Data and are confident that this acquisition will provide higher-value solution offerings to our partners, helping them to build their businesses while advancing our strategy and footprint in the U.S. public sector marketplace,” said Joe Quaglia, president of Tech Data, Americas, in a statement.

Tech Data currently serves more than 125,000 customers in more than 100 countries and also provides security against cyberattacks.